2024-05-13T11:27:07-05:00 2023-06-30 411360831 OLSEN THIELEN & CO LTD 2675 LONG LAKE ROAD ST PAUL MN 55113 990 2022-07-01 416040647 MINNESOTA STATE COUNCIL ON ECONOMIC EDUCATION MINN 6126253727 116 RUTTAN HALL 1994 BUFORD AVE ST PAUL MN 55108 JULIE BUNN EXECUTIVE DIRECTOR 6126253727 2024-05-10 1 JULIE BUNN 999009999 1 RYAN VETTRUS CPA P01243596 6514834521 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JULIE BUNN 116 RUTTAN HALL 1994 BUFORD AVE ST PAUL MN 55108 723246 0 X WWW.MCEE.UMN.EDU X 1961 MN MCEE EQUIPS MINNESOTANS WITH THE ECONOMIC AND PERSONAL FINANCIAL UNDERSTANDING NEEDED TO SUCCEED IN TODAY'S COMPLEX ECONOMY. WE FULFILL OUR MISSION BY TEACHING TEACHERS THROUGH TOP QUALITY PROFESSIONAL DEVELOPMENT AND PROVIDING CURRICULUM MATERIALS; BY ENGAGING STUDENTS WITH CHALLENGING PROGRAMS IN ECONOMIC AND PERSONAL FINANCE EDUCATION; AND BY REACHING COMMUNITIES THROUGH OUR COMMUNITY MENTORSHIP FOR FINANCIAL CAPABILITY PROGRAM AND OTHER PUBLIC OUTREACH ACTIVITIES. 25 25 0 122 0 0 799587 665808 43390 37203 11341 20235 0 0 854318 723246 23195 39675 0 0 401667 452502 0 0 67383 150849 174820 575711 666997 278607 56249 1192884 1329091 48261 37156 1144623 1291935 X MCEE EQUIPS MINNESOTANS WITH THE ECONOMIC AND PERSONAL FINANCIAL KNOWLEDGE AND SKILLS TO MAKE INFORMED DECISIONS AND THRIVE IN OUR COMPLEX WORLD. WE FULFILL OUR MISSION BY TEACHING TEACHERS THROUGH TOP QUALITY PROFESSIONAL DEVELOPMENT AND PROVIDING CURRICULUM MATERIALS; BY ENGAGING STUDENTS WITH CHALLENGING PROGRAMS IN ECONOMIC AND PERSONAL FINANCE EDUCATION; AND BY REACHING COMMUNITIES THROUGH OUR COMMUNITY MENTORSHIP FOR FINANCIAL CAPABILITY PROGRAM AND OTHER PUBLIC OUTREACH ACTIVITIES. 0 0 512527 39675 37203 MCEE REACHES ITS GOALS BY TEACHING TEACHERS, ENGAGING STUDENTS, AND REACHING COMMUNITIES. IN FY 2023, MCEE PROVIDED 129 PROFESSIONAL DEVELOPMENT WORKSHOPS, WITH OVER 305 UNIQUE HOURS OF CONTENT, ALONG WITH CURRICULUM AND OTHER RESOURCES FOR MORE THAN 2,000 TEACHERS GIVING THEM RESEARCH-BASED KNOWLEDGE, TEACHING TECHNIQUES, AND LESSONS TO ASSURE THE 69,000 STUDENTS THEY REACH GAIN STRONG ECONOMIC AND PERSONAL FINANCIAL KNOWLEDGE FOR SUCCESS THROUGH RELEVANT AND ENGAGING REAL-WORLD LEARNING.IN FY 2023, 2,121 STUDENTS PARTICIPATED IN MCEE DIRECT-TO-STUDENT PROGRAMS - VIRTUAL COMPETITIONS, CHALLENGES, AND INSTITUTES - MOVING THEIR ECONOMIC/PERSONAL FINANCE KNOWLEDGE AND CRITICAL THINKING SKILLS TO A HIGHER LEVEL. OVERALL, THE PROGRAMS ARE DESIGNED TO REACH STUDENTS FROM TRADITIONALLY UNDERSERVED COMMUNITIES, PROMOTE CULTURALLY RESPONSIVE TEACHING, AND SUPPORT EFFECTIVE VIRTUAL TEACHING. 512527 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 X 19 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 25 25 0 0 0 0 0 0 0 1 0 0 1 1 0 1 1 1 1 1 1 1 0 MN X THE ORGANIZATION 6126253727 116 RUTTAN HALL 1994 BUFORD AVE ST PAUL MN 55108 AMY KAMENICK DIRECTOR 1.50 X 0 0 0 ANDREW MAAS DEVELOPMENT CHAIR 1.50 X X 0 0 0 ANDREW T NIPPERT DIRECTOR 1.50 X 0 0 0 APRIL CHUNG DIRECTOR 1.50 X 0 0 0 BETH JOHNSON DIRECTOR 1.50 X 0 0 0 BRADLEY R HUTTER BOARD VICE CHAIR 1.50 X X 0 0 0 BRIAN MUENCH DIRECTOR 1.50 X 0 0 0 CYNTHIA J FITZTHUM DIRECTOR 1.50 X 0 0 0 D CRAIG TAYLOR DIRECTOR 1.50 X 0 0 0 DANICA GOSHERT DIRECTOR 1.50 X 0 0 0 EMANUEL EKSTROM DIRECTOR 1.50 X 0 0 0 JOHNATHAN GAST DIRECTOR 1.50 X 0 0 0 JULIE BUNN EXECUTIVE DIRECTOR 40.00 X X 117522 0 39370 JULIE SWEITZER BOARD CHAIR 1.50 X X 0 0 0 KELLY BRETZ DIRECTOR 1.50 X 0 0 0 KELLY MCCLELLAN DIRECTOR 1.50 X 0 0 0 KERRY A JUNG SECRETARY & GOVERNANCE CHAIR 1.50 X 0 0 0 KIYRIE ABERNETHY DIRECTOR 1.50 X 0 0 0 KRISTIN M FERGUSON TREASURER & FINANCE CHAIR 1.50 X X 0 0 0 KRISTINE WEST DIRECTOR 1.50 X 0 0 0 NANCY LAMBERT DIRECTOR 1.50 X 0 0 0 STEVE GATHJE DIRECTOR 1.50 X 0 0 0 TERRY HURLEY DIRECTOR 1.50 X 0 0 0 TIMOTHY DEVANEY LONG RANGE PLANNING CHAIR 1.50 X X 0 0 0 TODD SCHNELL DIRECTOR 1.50 X 0 0 0 YAN P MARTINEZ DIRECTOR 1.50 X 0 0 0 117522 0 39370 1 0 1 0 0 150000 515808 1680 665808 PROGRAM FEES 900099 37203 37203 37203 20235 20235 723246 37203 0 20235 X 39675 39675 161834 128975 19005 13854 217041 176313 25640 15088 73627 55296 8492 9839 25553 25553 89251 61425 26 27800 4110 4110 15074 10365 4629 80 1441 630 91 720 8129 7687 442 27586 27451 135 1573 1573 SUPPLIES IN-KIND 1680 600 1080 MISCELLANEOUS 423 421 2 666997 512527 87087 67383 11535 64704 291503 248670 26638 0 15605 26390 1137 1010 20108 20108 0 0 826713 934082 19753 54235 1192884 1329091 41261 37156 7000 0 48261 37156 X 955743 1145966 188880 145969 1144623 1291935 1192884 1329091 56249 91063 0 X X 0 1 X 1 0 X 375067 423168 505883 799587 665808 2769513 375067 423168 505883 799587 665808 2769513 532764 2236749 23175 12626 6676 11341 20235 74053 9525 1500 11025 2854591 114172 0.78360 0.82590 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2018 AMOUNT: $ 9,525. 2019 AMOUNT: $ 1,500. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1 0 1 0 0 1 0 1 48633 48633 0 PART II-B, LINE 1: MANY STATE COUNCILS FOR/OF ECONOMIC EDUCATION RECEIVE FUNDING FROM THEIR STATE GOVERNMENTS. BEGINNING IN FY2019, MCEE INITIATED CAMPAIGNS TO REQUIEST STATE FUNDING FOR OUR CORE PORGRAMMING ASSOCIATED WITH K-12 TEACHER PROFESSIONAL DEVELOPMENT IN ORTERE TO TRAIN MN K-12 TEACHERS TO DELIVER ON THE ECONOMIC STANDARDS REQUIRED BY LAW TO BE TAUGHT IN MN SCHOOLS. HIRED GOERNMENT RELATONS CONSULTANTS HAVE ASSISTED MCEE SINCE 2019 WITH OUR CAMPAIGN FOR FUNDING VIA THE MN LEGISLATURE. MCEE WAS SEEKING ANNUAL BASE (ONGOING) FUNDING FROM THE LEGISLATURE IN THE $400,000 TO $500,000 RANGE. MCEE HAS EXPERIENCED PARTIAL SUCCESS IN RECEIVING FUNDS. OVER THE FY2020-FY2025 PERIOD, MCEE HAS RECEIVE/WILL RECEIVE BETWEEN $117,000 AND $240,000 ANNUALLY IN TEMPORARY, NON-BASE, FUNDING. ADDITIONALLY, AS PART OF A COALTION OF INTERESTED PARTIES BOTH INDIVIDUALS AND ORGANIZATIONS, IN FY2023, MCEE GOVERNMENT RELATIONS ASSISTANCE TO HELP ADVANCE A BILL TO REQUIRE ALL MN HIGH SCHOOL STUDENTS TAKE A COURSE IN PERSONAL FINANCE IN ORDER TO GRADUATE. THIS EFFORT WAS SUCCESSFUL; THE GOVERNOR SIGNED THE REQUIREMENT INTO LAW IN MAY 2023. 20108 20108 0 0 X 916175 91063 101866 192929 723246 0 723246 768863 101866 101866 666997 0 666997 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION IS ALSO EXEMPT FROM MINNESOTA INCOME TAXES. THE ORGANIZATION REVIEWS INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN INCOME TAX RETURNS TO DETERMINE IF THERE ARE ANY INCOME TAX UNCERTAINTIES. THIS INCLUDES POSITIONS THAT THE ENTITY IS EXEMPT FROM INCOME TAXES OR NOT SUBJECT TO INCOME TAXES ON UNRELATED BUSINESS INCOME. THE ORGANIZATION RECOGNIZES TAX BENEFITS FROM UNCERTAIN TAX POSITIONS ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITIONS WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITIONS. THE ORGANIZATION HAS IDENTIFIED NO SIGNIFICANT INCOME TAX UNCERTAINTIES. THE ORGANIZATION FILES INFORMATION RETURNS AS A TAX-EXEMPT ORGANIZATION AND HAS IDENTIFIED NO INCOME TAX UNCERTAINTIES. SHOULD THAT STATUS BE CHALLENGED IN THE FUTURE, ALL YEARS SINCE INCEPTION COULD BE SUBJECT TO REVIEW BY THE INTERNAL REVENUE SERVICE. 0 ST CLOUD STATE UNIVERSITY 720 4TH AVE SOUTH ST CLOUD MN 56301 28206 0 MN STATE SPONSORED RESEARCH AGREEMENT BETWEEN MCEE AND SCSU 1 0 X X X 0 0 0 0 0 0 0 0 0 JULIE BUNN EXECUTIVE DIRECTOR 117522 0 0 0 0 0 16142 0 23228 0 156892 0 0 0 FORM 990, PART V, LINE 2A: MCEE'S EXECUTIVE DIRECTOR AND STAFF ARE EMPLOYEES OF THE UNIVERSITY OF MINNESOTA. MCEE REIMBURSES THE UNIVERSITY FOR THEIR SERVICES. FORM 990, PART VI, SECTION A, LINE 8B BOARD MEETING MINUTES AND DOCUMENTS ARE KEPT. SOME SUB COMMITTEES TAKE MINUTES. ALL SUBCOMMITTEES DOCUMENT MEETINGS IF ANY VOTES ARE TAKEN OR MAJOR DECISIONS MADE. THE ORGANIZATION IS ON PATH TO HAVE ALL SUB COMMITTEE MEETINGS DOCUMENTED WITH MINUTES. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 WILL BE REVIEWED BY THE FINANCE COMMITTEE AND, UPON APPROVAL, WILL INFORM THE FULL BOARD. UPON REQUEST INDIVIDUAL BOARD MEMBERS WILL RECEIVE VIA EMAIL AN ELECTRONIC COPY OF THE APPROVED FORM 990. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR, BOARD MEMBERS ARE REQUIRED TO REVIEW AND SIGN A CONFLICT OF INTEREST STATEMENT. THE GOVERNANCE COMMITTEE MONITORS POTENTIAL CONFLICTS THROUGHOUT THE YEAR. FORM 990, PART VI, SECTION B, LINE 15 MCEE'S EXECUTIVE DIRECTOR AND STAFF ARE EMPLOYEES OF THE UNIVERSITY OF MINNESOTA (UMN). MCEE REIMBURSES THE UMN FOR THEIR SERVICES. SALARIES FALL UNDER UMN GUIDELINES. STAFF SALARIES BUDGET IS APPROVED BY THE BOARD. FOR THE EXECUTIVE DIRECTOR (ED) THE ED SEARCH COMMITTEE ESTABLISHED A SALARY RANGE FOR THE POSITION. EXAMINATION OF THE ED SALARIES FOR COMPARABLE ORGANIZATIONS, VIA WEBSITES THAT SHARE SUCH INFORMATION AND THE 990S OF OTHER ORGANIZATIONS, AS WELL AS EDUCATION AND EXPERIENCE LEVELS, WERE ALL INPUTS INTO DETERMINING ED COMPENSATION. STAFF SALARIES, BELOW ED, ARE BASED ON COMPARABLES BOTH FROM THE NONPROFIT SECTOR IN THE TWIN CITIES AND UMN PAY SCALES FROM SIMILAR POSITIONS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G CONTRACTOR: PROGRAM SERVICE EXPENSES 61,425. MANAGEMENT AND GENERAL EXPENSES 26. FUNDRAISING EXPENSES 19,800. TOTAL EXPENSES 81,251. FUNDRAISING FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 8,000. TOTAL EXPENSES 8,000. FORM 990, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.