2023-11-06T10:46:52-06:00 2022-12-31 221478099 COHNREZNICK LLP 1301 AVENUE OF THE AMERICAS NEW YORK NY 10019 990 2022-01-01 131623848 COUNCIL FOR ECONOMIC EDUCATION COUN 2128273600 122 E 42ND STREET 1012 NEW YORK NY 101682699 ABITZEL ROBINSON-HOBSON COO/CFO 2128273600 2023-11-05 1 ABITZEL ROBINSON-HOBSON 999009999 1 LORI ROTHE YOKOBOSKY CPA P01273422 2122970400 2023-11-01 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z NAN J MORRISON 122 E 42ND STREET 1012 NEW YORK NY 101682699 6855850 0 X WWW.COUNCILFORECONED.ORG X 1949 DC THE MISSION OF THE COUNCIL FOR ECONOMIC EDUCATION (CEE) IS TO EQUIP K12 STUDENTS WITH THE TOOLS AND KNOWLEDGE OF PERSONAL FINANCE AND ECONOMICS SO THAT THEY CAN MAKE BETTER DECISIONS FOR THEMSELVES, THEIR FAMILIES, AND THEIR COMMUNITIES. WE CARRY OUT OUR MISSION IN THREE WAYS. WE ADVOCATE TO REQUIRE PERSONAL FINANCE AND ECONOMIC EDUCATION IN EVERY STATE. WE PROVIDE TRAINING, TOOLS AND RESOURCES ONLINE AND LIVE THROUGH OVER 180 AFFILIATES NATIONWIDE TO MORE THAN 40,000 TEACHERS ANNUALLY WHO IN TURN BRING THE HIGHEST QUALITY ECONOMICS AND PERSONAL FINANCE INSTRUCTION TO OVER 4 MILLION STUDENTS. WE DEEPEN KNOWLEDGE AND INTRODUCE HIGH SCHOOL STUDENTS TO CRITICAL CAREER CAPABILITIES THROUGH OUR NATIONAL PERSONAL FINANCE CHALLENGE, NATIONAL ECONOMICS CHALLENGE, AND INVEST IN GIRLS PROGRAM. 28 27 42 545 0 0 6178950 6024463 0 305345 8351 9841 664230 300806 6851531 6640455 412270 515666 0 0 2846324 3568099 0 0 863566 2386301 3054683 5644895 7138448 1206636 -497993 5635385 5639247 898403 1396269 4736982 4242978 X SEE SCHEDULE O 0 0 4752791 515666 699593 CEE'S CORE ACTIVITIES SUPPORT IMPROVING K-12 ECONOMIC AND FINANCIAL EDUCATION THROUGH DELIVERY OF TEACHER PROFESSIONAL DEVELOPMENT TRAININGS (TO MORE THAN 40,000 TEACHERS EACH YEAR) AND THE DEVELOPMENT OF ENGAGING, INTERACTIVE RESOURCES THAT ALIGN TO STATE AND NATIONAL STANDARDS.CEE'S CORE PROGRAMS INCLUDE THE FOLLOWING KINDS OF ACTIVITIES:- CONDUCT PROFESSIONAL DEVELOPMENT ONLINE AND OFFLINE- CREATE RESOURCES AND CURRICULUM- PRODUCE AND SUPPORT STANDARDS AND ASSESSMENT- ADVOCATE FOR PERSONAL FINANCE AND ECONOMIC EDUCATION- CONDUCT THE NATIONAL ECONOMICS CHALLENGE AND THE NATIONAL PERSONAL FINANCE CHALLENGE - CREATE AND PROVIDE TEACHER AWARDS 759482 OTHER PROGRAM SERVICES INCLUDE MARKETING OUR RESOURCES AND PROFESSIONAL DEVELOPMENT OPPORTUNITIES TO TEACHERS, AND PROVIDING OUR RESOURCES IN AN INCREASING NUMBER OF FORMATS, INCLUDING ONLINE, VIDEO AND WEBINARS IN ADDITION TO PRINT AND IN-PERSON. 5512273 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 1 1 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 91 0 1 42 1 0 0 0 0 0 0 0 0 0 0 0 0 X 28 27 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NY X X ABITZEL ROBINSON-HOBSON CFO 2128273607 122 E 42ND STREET SUITE 1012 NEW YORK NY 101682699 ANNAMARIA LUSARDI BOARD MEMBERS 1.00 X 0 0 0 BARRY HAIMES CHAIRMAN 1.00 X X 0 0 0 BENJAMIN M FRIEDMAN BOARD MEMBERS 1.00 X 0 0 0 CHET RAGAVAN BOARD MEMBERS 1.00 X 0 0 0 DEIDRE CAMPBELL BOARD MEMBERS 1.00 X 0 0 0 DR JENNIFER A DAVIDSON BOARD MEMBERS 1.00 X 0 0 0 DUNE THORNE OUTGOING BOARD MEMBERS 1.00 X 0 0 0 EMILY KOLINSKI MORRIS BOARD MEMBERS 1.00 X 0 0 0 GARY STERN BOARD MEMBERS 1.00 X 0 0 0 GRAHAM TANAKA BOARD MEMBERS 1.00 X 0 0 0 HOLLY HESS GROOS TREASURER 1.00 X X 0 0 0 JAMES FEBEO BOARD MEMBERS 1.00 X 0 0 0 JANE ABITANTA BOARD MEMBERS 1.00 X 0 0 0 JEFFREY M LACKER BOARD MEMBERS 1.00 X 0 0 0 JOHN J SIEGFRIED BOARD MEMBERS 1.00 X 0 0 0 KIM M SHARAN BOARD MEMBERS 1.00 X 0 0 0 LISA H BANKER BOARD MEMBERS 1.00 X 0 0 0 LISA MULLAN OUTGOING BOARD MEMBERS 1.00 X 0 0 0 LORETTA J MESTER BOARD MEMBERS 1.00 X 0 0 0 MARY ANN JOHNSON OUTGOING BOARD MEMBERS 1.00 X 0 0 0 MATT CONROY BOARD MEMBERS 1.00 X 0 0 0 MAX RAKHLIN BOARD MEMBERS 1.00 X 0 0 0 MICHAEL A MACDOWELL OUTGOING BOARD MEMBERS 1.00 X 0 0 0 NAN J MORRISON PRESIDENT & CEO 40.00 X X 483069 0 31042 O KATE SCOTT BOARD MEMBERS 1.00 X 0 0 0 PETER CHAFFETZ BOARD MEMBERS 1.00 X 0 0 0 PETER NURNBERG BOARD MEMBERS 1.00 X 0 0 0 REBECCA PATTERSON VICE CHAIRMAN 1.00 X X 0 0 0 SHANE SANDERS BOARD MEMBERS 1.00 X 0 0 0 TONIA L KAMINSKY BOARD MEMBERS 1.00 X 0 0 0 WILLARD HILL JR SECRETARY 1.00 X X 0 0 0 WILLIAM C DUDLEY BOARD MEMBERS 1.00 X 0 0 0 SALLY WOOD COO/CFO 40.00 X 214763 0 45544 ANDREA MOZO SENIOR DIRECTOR OF DIGITAL 40.00 X 113842 0 47967 CHRISTOPHER CALTABIANO CHIEF PROGRAM OFFICER 40.00 X 210966 0 8950 LESLIE FINNAN ADVOCACY DIRECTOR 40.00 X 114771 0 3668 RUBEN A RIVERA SR. DIRECTOR, PROFESSIONAL DEVELOPMENT 40.00 X 108412 0 38295 TARNISHA SMART SR DIRECTOR OF DEVELOPMENT 40.00 X 150572 0 6588 1396395 0 182054 9 0 1 0 US DIGITAL PARTNERS LLC 311 ELM STREET CINCINNATI OH 45202 CONSULTING 109342 SUCCESSION COMMUNICATIONS LLC - EFT-ACH 2801 NEW MEXICO AVENUE NW 1215 WASHINGTON DC 20007 CONSULTING 105637 2 26750 513500 371960 5112253 29204 6024463 LICENSE FEES 900099 305345 305345 305345 8731 8731 1340 1340 1110 0 1110 1110 1110 72100 513500 166882 -94782 -94782 357111 48513 308598 308598 OTHER REGISTRATION FEE 900099 85470 85470 INSURANCE REFUND 900099 180 180 85650 6640455 699593 0 -83601 X 446058 446058 69608 69608 774418 552536 80167 141715 2268556 1616242 238916 413398 61755 44641 5381 11733 463370 334960 40373 88037 12715 12715 57538 57538 1485219 1225278 169871 90070 46357 32601 8390 5366 214099 142757 39233 32109 21142 14868 3827 2447 268768 222555 14253 31960 144191 136719 2799 4673 5262 3701 952 609 77628 69323 8305 17073 13761 1341 1971 EVENT EXPENSES 469001 444729 8663 15609 DUES & SUBSCRIPTIONS 68212 47970 12346 7896 PROGRAM SUPPLIES 47469 36307 10882 280 BAD DEBT 36089 16 36073 83920 57643 10584 15693 7138448 5512273 762609 863566 3245830 505863 929821 911236 919077 1202647 84019 41253 98771 69670 207833 241445 611170 553460 128493 57710 21541 1674728 934695 5635385 5639247 408031 369886 27499 10299 462873 1016084 898403 1396269 X 1579837 1563398 3157145 2679580 4736982 4242978 5635385 5639247 -497993 3989 0 X 0 1 X 1 0 X 3716931 5599335 3607758 6178950 6024463 25127437 645656 798889 561189 453456 662456 3121646 4362587 6398224 4168947 6632406 6686919 28249083 213819 176883 325549 125600 196989 1038840 0 213819 176883 325549 125600 196989 1038840 27210243 315719 135817 24644 9702 8731 494613 315719 135817 24644 9702 8731 494613 93984 140756 83438 260547 85650 664375 4772290 6674797 4277029 6902655 6781300 29408071 0.92530 0.87620 0.01680 0.02720 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2018 AMOUNT: $ 26,266. 2019 AMOUNT: $ 20,883. 2020 AMOUNT: $ 2,779. 2021 AMOUNT: $ 6,581. CONSULTING - 2018 AMOUNT: $ 11,100. 2019 AMOUNT: $ 11,466. 2020 AMOUNT: $ 3,333. REGISTRATION FEE - 2018 AMOUNT: $ 56,618. 2019 AMOUNT: $ 108,407. 2020 AMOUNT: $ 77,326. 2021 AMOUNT: $ 253,966. 2022 AMOUNT: $ 85,470. INSURANCE REFUND - 2022 AMOUNT: $ 180. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 23521 23521 0 165445 152375 13070 422204 377564 44640 57710 LEASE LIABILITY 1016084 1016084 X 6681863 3989 -11094 -7105 6688968 -48513 -48513 6640455 7175867 48513 48513 7127354 11094 11094 7138448 PART X, LINE 2: CEE IS EXEMPT FROM FEDERAL INCOME TAX UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE; THEREFORE, NO PROVISION FOR INCOME TAXES IS INCLUDED IN CEE'S FINANCIAL STATEMENTS. CEE HAS NO UNRECOGNIZED TAX BENEFITS AT DECEMBER 31, 2022 AND 2021. CEE'S FEDERAL AND STATE INCOME TAX RETURNS PRIOR TO FISCAL YEAR 2019 ARE CLOSED AND MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. IF APPLICABLE, CEE WILL RECOGNIZE INTEREST AND PENALTIES ASSOCIATED WITH TAX MATTERS AS PART OF THE INCOME TAX PROVISION AND INCLUDE ACCRUED INTEREST AND PENALTIES WITH THE RELATED TAX LIABILITY IN THE STATEMENTS OF FINANCIAL POSITION. THERE WERE NO INTEREST OR PENALTIES PAID FOR THE YEARS ENDED DECEMBER 31, 2022 AND 2021. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY CEE AND HAS CONCLUDED THAT, AS OF DECEMBER 31, 2022, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENTS EXPENSES -11,094. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -48,513. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 48,513. PART XII, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EVENTS EXPENSES 11,094. 0 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES LICENSE FEE REVENUE 302645 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 GRANT 69608 0 0 0 0 0 0 372253 0 372253 EUROPE FINANCIAL FOUNDATIONS PROGRAMME 69608 WIRE TRANSFER 0 1 0 0 0 0 0 0 PART III ACCOUNTING METHOD: GALA 585600 513500 72100 166882 585600 513500 72100 166882 166882 -94782 1 ALABAMA COUNCIL ON ECON EDUC PO BOX 59288 BIRMINGHAM AL 35259 237048024 501 (C) (3) 15000 0 EDUCATION - PROFESSIONAL DEVELOPMENT ARIZONA COUNCIL ON ECONOMIC EDUCATION 6991 E CAMEBACK ROAD SCOTTSDALE AZ 85251 860896574 501 (C) (3) 24800 0 EDUCATION - PROFESSIONAL DEVELOPMENT CALIFORNIA COUNCIL ON ECONOMIC EDUCATION 23430 HAWTHORNE BLVD SUITE 280 TORRANCE CA 90505 330237320 501 (C) (3) 43750 0 EDUCATION - PROFESSIONAL DEVELOPMENT CENTER FOR ECONOMIC EDUCATION ECONOMICS DEPT UIC 90 WEST DANIELS CINCINNATI OH 45221 376000511 501 (C) (3) 15000 0 EDUCATION - PROFESSIONAL DEVELOPMENT COLORADO COUNCIL ON ECON EDUC 1355 S COLORADO BLVD 506 DENVER CO 80222 840646077 501 (C) (3) 26000 0 EDUCATION - PROFESSIONAL DEVELOPMENT ECONOMICS WISCONSIN 12800 NORTH LAKE SHORT DRIVERP 122 MEQUON WI 53097 396076951 501 (C) (3) 40000 0 EDUCATION - PROFESSIONAL DEVELOPMENT FLORIDA COUNCIL ON ECON EDUC 121 N WESTSHORE BLVD TAMPA FL 33606 591643458 501 (C) (3) 56000 0 EDUCATION - PROFESSIONAL DEVELOPMENT GEORGIA COUNCIL ON ECON EDUC PO BOX 1619 ATLANTA GA 30301 581137332 501 (C) (3) 10300 0 EDUCATION - PROFESSIONAL DEVELOPMENT INDIANA STATE UNIVERSITY 200 NORTH 7TH ST TERRE HAUTE IN 47809 356001670 501 (C) (3) 20000 0 EDUCATION - PROFESSIONAL DEVELOPMENT MICHIGAN COUNCIL ON ECONOMIC EDUCATION 12642 BERESFORD DRIVE STERLING HEIGHTS MI 48313 382183524 501 (C) (3) 30000 0 EDUCATION - PROFESSIONAL DEVELOPMENT MINNESOTA COUNCIL ON ECONOMIC EDUCATION 1994 BUFORD AVENUE 116 RUTTAN HALL ST PAUL MN 55108 416040647 501 (C) (3) 41500 0 EDUCATION - PROFESSIONAL DEVELOPMENT MISSISSIPPI COUNCIL ON ECON ED MILLSAPS COLLEGE JACKSON MS 39210 820563444 501 (C) (3) 11250 0 EDUCATION - PROFESSIONAL DEVELOPMENT NEBRASKA COUNCIL ON ECONOMIC EDUCATION UNL- COLLEGE OF BUSINESSUNIVERSITY OF NEBRASKA LINCOLN NE 68588 476036149 501 (C) (3) 18750 0 EDUCATION - PROFESSIONAL DEVELOPMENT NORTH CAROLINA COUNCIL ON ECONOMIC EDUCATION 809 SPRING FOREST ROAD SUITE 900 RALEIGH NC 27609 237115503 501 (C) (3) 57500 0 EDUCATION - PROFESSIONAL DEVELOPMENT OKLAHOMA COUNCIL ON ECON EDUC 100 N UNIVERSITY DR EDMOND OK 73034 736102613 501 (C) (3) 30000 0 EDUCATION - PROFESSIONAL DEVELOPMENT 15 PART I, LINE 2: ALL SUBGRANTEES SIGN A GRANT AGREEMENT OUTLINING THE REQUIREMENTS OF THEIR FUNDING. CEE PROGRAM STAFF ARE RESPONSIBLE FOR COORDINATING WITH SUBGRANTEES DURING THE LIFE OF THE GRANT AS ISSUES OR QUESTIONS ARISE. WHEN THE SUBGRANTEE HAS COMPLETED THE GRANT REQUIREMENTS IT IS REQUIRED TO SUBMIT A FINAL REPORT DETAILING THEIR ACHIEVEMENTS. CEE DOES NOT PROVIDE A FINAL PAYMENT TO COMPLETE OUR FINANCIAL OBLIGATION UNTIL THE SUBGRANTEE HAS SUCCESSFULLY REPORTED ON OUTCOMES. IF THE SUBGRANTEE DOES NOT FULLY COMPLETE THE ACTIVITIES THEN THE FUNDING DIMINISHES ACCORDINGLY. X X X 0 0 0 0 0 0 0 0 0 NAN J MORRISON PRESIDENT & CEO 407525 0 70000 0 5544 0 12200 0 18842 0 514111 0 0 0 SALLY WOOD COO/CFO 201216 0 10000 0 3547 0 8419 0 37125 0 260307 0 0 0 CHRISTOPHER CALTABIANO CHIEF PROGRAM OFFICER 200000 0 10000 0 966 0 8000 0 950 0 219916 0 0 0 ANDREA MOZO SENIOR DIRECTOR OF DIGITAL 111154 0 2500 0 188 0 3934 0 44033 0 161809 0 0 0 TARNISHA SMART SR DIRECTOR OF DEVELOPMENT 137167 0 13000 0 405 0 5500 0 1088 0 157160 0 0 0 X 3 29204 FMV 0 0 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS IN COLUMN (B). PART III, 1, BRIEFLY DESCRIBE THE ORGANIZATION'S MISSION: THE MISSION OF THE COUNCIL FOR ECONOMIC EDUCATION (CEE) IS TO EQUIP K12 STUDENTS WITH THE TOOLS AND KNOWLEDGE OF PERSONAL FINANCE AND ECONOMICS SO THAT THEY CAN MAKE BETTER DECISIONS FOR THEMSELVES, THEIR FAMILIES, AND THEIR COMMUNITIES. WE CARRY OUT OUR MISSION IN THREE WAYS. WE ADVOCATE TO REQUIRE PERSONAL FINANCE AND ECONOMIC EDUCATION IN EVERY STATE. WE PROVIDE TRAINING, TOOLS AND RESOURCES ONLINE AND LIVE THROUGH OVER 180 AFFILIATES NATIONWIDE TO MORE THAN 40,000 TEACHERS ANNUALLY WHO IN TURN BRING THE HIGHEST QUALITY ECONOMICS AND PERSONAL FINANCE INSTRUCTION TO OVER 4 MILLION STUDENTS. WE DEEPEN KNOWLEDGE AND INTRODUCE HIGH SCHOOL STUDENTS TO CRITICAL CAREER CAPABILITIES THROUGH OUR NATIONAL PERSONAL FINANCE CHALLENGE, NATIONAL ECONOMICS CHALLENGE, AND INVEST IN GIRLS PROGRAM. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY A NATIONAL ACCOUNTING FIRM IN CONJUNCTION WITH THE ORGANIZATION'S FINANCE DEPARTMENT. A COPY OF THE DRAFT FORM 990 WAS CIRCULATED TO THE FULL BOARD OF DIRECTORS FOR DISCUSSION AND COMMENT. EACH BOARD MEMBER WAS PROVIDED AMPLE OPPORTUNITY TO COMMENT ON THE INFORRRATION CONTAINED IN THE 990 PRIOR TO ITS ELECTRONIC FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C EACH OFFICER, DIRECTOR, TRUSTEE AND KEY EMPLOYEE OF THE ORGANIZATION IS REQUIRED TO ANNUALLY DISCLOSE ANY CONFLICTS OF INTEREST THAT ARISE BY VIRTUE OF THEIR EMPLOYMENT, BOARD SERVICE, OR POSITION WITH THE ORGANIZATION. THE ORGANIZATION MONITORS COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY THROUGH AN ANNUAL QUESTIONNAIRE/DISCLOSURE STATEMENT THAT IS DISTRIBUTED TO THESE INDIVIDUALS POTENTIAL CONFLICTS ARE INVESTIGATED IMMEDIATELY. FORM 990, PART VI, SECTION B, LINE 15A THE COUNCIL ENGAGED AN OUTSIDE FIRM TO BENCHMARK THE COMPENSATION OF THE PRESIDENT AND CEO IN 2021. COMPENSATION RELATED MATTERS ARE REVIEWED ANNUALLY BY THE COMPENSATION AND EXECUTIVE COMMITTEES AND DISCUSSED WITH MANAGEMENT. FORM 990, PART VI, SECTION C, LINE 19 CEE MAKES ITS FINANCIAL STATEMENTS AVAILABLE ON ITS WEBSITE. ALL OTHER DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTING: PROGRAM SERVICE EXPENSES 1,189,791. MANAGEMENT AND GENERAL EXPENSES 165,215. FUNDRAISING EXPENSES 87,602. TOTAL EXPENSES 1,442,608. GRANT RELATED: PROGRAM SERVICE EXPENSES 2,082. MANAGEMENT AND GENERAL EXPENSES 273. FUNDRAISING EXPENSES 145. TOTAL EXPENSES 2,500. INTERN: PROGRAM SERVICE EXPENSES 13,071. MANAGEMENT AND GENERAL EXPENSES 1,715. FUNDRAISING EXPENSES 909. TOTAL EXPENSES 15,695. PAYROLL FEE: PROGRAM SERVICE EXPENSES 20,334. MANAGEMENT AND GENERAL EXPENSES 2,668. FUNDRAISING EXPENSES 1,414. TOTAL EXPENSES 24,416. FORM 990, PART V, 2A: EMPLOYEES ARE PAID THROUGH A THIRD PARTY ADP TOTALSOURCE XXVIII INC EIN: 02-0418526 AND DID NOT RECEIVE A W2 FROM CEE.