2024-05-15T12:32:33-00:00 2023-06-30 541750760 Andrews Accounting and Bookkeeping Inc 12130 Wexwood Drive N Chesterfield VA 23236 990 2022-07-01 237087052 VIRGINIA COUNCIL ON ECONOMIC EDUCATION VIRG 8048281627 301 W MAIN STREET BOX 844000 RICHMOND VA 23284 Daniel R Mortensen President and CEO 8048281627 2024-05-15 true Daniel Mortensen XXX-XX-XXXX Susan H Andrews P00605949 8047940420 2024-05-15 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z Daniel R Mortensen 301 W Main Street Box 844000 Richmond VA 23284 1020028 false X www.vcee.org X 1970 VA VCEE is the critical resource for Virginias K-12 teachers and school divisions who are seeking professional development, curriculum and resources to help teach economics and personal finance effectively. 40 40 3 0 1096312 942568 19760 31625 44874 45835 0 1160946 1020028 0 0 468245 506442 0 48086 429771 541042 898016 1047484 262930 -27456 1753250 1699282 5270 739 1747980 1698543 X To provide Virginias K-12 students with the economic knowledge and financial skills needed to thrive in our dynamic economy by providing professional development and classroon resources to all Virginia K-12 teachers who teach economics and personal finance at no cost to the teachers or school divisions. false false 341899 181695 Teacher Education - Provide quality professional development workshops and institutes and classroom materials to K-12 teachers to enable them to more effectively teach their students the economics and personal finance knowledge and skills needed to be successful in our dynamic economy. As a result of the financial support we receive from our partners, this professional development is provided at no cost to the teachers or their schools. In FY23, VCEE provided 58 sessions ranging from one hour to 45 hours in length to 1,322 teachers. In addition, VCEE had 85,143 digital interactions in FY23 via its website, social media and digital newsletter. 75554 72150 The Personal Finance Teacher Fellowship Program supports school divisions by increasing access to quality personal finance education. Educators are taught by VCEE, and this cohort of highly-qualified Personal Finance Teacher Fellows will then offer personal finance professional development and resources to other teachers in their school, school division, and region. In this way, the VCEE is able to deploy more personal finance resources where they will have a meaningful impact. This investment will help improve education opportunities and economic equity in Virginias underserved communities by ultimately improving the financial knowledge and skills of middle and high school students. In FY23, 13 teachers, representing 10 public school divisions, delivered personal finance professional development to 154 classroom teachers and awarded 308 hours of continuing education credit. 95896 47425 Stock Market Game - A program for grades 4-12 which provides teachers with a real word simulation to use with their students to teach math, social studies, business, economics and language arts while also learning about the stock market and how to invest wisely. Student teams simulate investing 100,000 and track how their investments perform over the life of the program. In FY23, 3,074 teams representing 12,188 students across Virginia participated in the Stock Market Game. Workshops and webinars were held for teachers to assist them in integrating this program into their curriculum. VCEE also manages the statewide participation in InvestWrite, a writing competition around saving, investing and the stock market. 298621 99887 811970 true true false false false false false false false true true false false true false false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 13 0 true 3 true false false false false false false false false false false false false X 40 40 false false false false false false false true true false true true true true true true true true true true false VA X X Daniel R Mortensen - Virginia Counc 8048281627 301 W Main Street Richmond VA 23284 Daniel R Mortensen President and CEO 040.00 X X 132000 0 0 Neil Amin Board Member 001.00 X 0 0 0 Kartik Athreya Board Member 002.00 X 0 0 0 James W Dyke Board Member 001.00 X 0 0 0 Rasheeda Creighton Board Member 001.00 X 0 0 0 Erica Billingslea Board Member 001.00 X 0 0 0 Fred Thompson Board Member 001.00 X 0 0 0 Naomi Boyd Board Member 001.00 X 0 0 0 Bradley H Gunter Board Member 001.00 X 0 0 0 Jason Dunick Member Ex-officio 001.00 X 0 0 0 Carrie Hunt Board Member 001.00 X 0 0 0 L James Borges Board Member 002.00 X 0 0 0 D Oscarlyn Elder Board Member 002.00 X 0 0 0 Suzanne M Gallagher Board Member 001.00 X 0 0 0 Chung Ma Board Member 002.00 X 0 0 0 Derwood S Chase Board Member 001.00 X 0 0 0 Natasha Knight Board Member 001.00 X 0 0 0 Bryan S Cram Board Member 001.00 X 0 0 0 Christopher Lucy Vice Chairman 003.00 X 0 0 0 Jeffrey M Lacker Board Member 001.00 X 0 0 0 A Fletcher Mangum Chairman 005.00 X X 0 0 0 Jeffrey R Leopold Board Member 002.00 X 0 0 0 Lynne Mallory-Winter Board Member 002.00 X 0 0 0 EG Miller Secretary/Treasurer 005.00 X X 0 0 0 Stephanie R Peters Board Member 002.00 X 0 0 0 Katharine M Bond Board Member 001.00 X 0 0 0 Keith M Martin Board Member 001.00 X 0 0 0 Rob Shinn Board Member 002.00 X 0 0 0 William A Casey Board Member 001.00 X 0 0 0 Tapan V Gandhi Board Member 001.00 X 0 0 0 Bruce T Whitehurst Board Member 002.00 X 0 0 0 Jeffrey Lacker Board Member 001.00 X 0 0 0 A Eric Kauders Jr Board Member 002.00 X 0 0 0 Christopher M Shockley Immediate Past Chair 005.00 X X 0 0 0 Thomas C Palmer Board Member 001.00 X 0 0 0 Mary G Morris Board Member 001.00 X 0 0 0 Gary R Thomson Board Member 001.00 X 0 0 0 Thomas E Phillips Jr Board Member 001.00 X 0 0 0 David W Mullins Board Member 001.00 X 0 0 0 Tammy Neale Board Member 001.00 X 0 0 0 Tim Rowe Board Member 001.00 X 0 0 0 Marge White Board Member 001.00 X 0 0 0 Michel Zajur Board Member 001.00 X 0 0 0 132000 1 false false false 416052 526516 3251 942568 Stock Market Game 611710 31625 31625 15011 30824 30824 30824 1020028 X 0 0 0 0 132000 28931 92861 10208 0 286088 220473 30972 34643 0 58269 51248 7021 30085 19084 7766 3235 0 0 32245 32245 0 5888 5888 162625 162625 0 249 249 0 0 2105 2105 13468 12927 541 0 19700 19700 0 0 0 0 Centers 158391 158391 Other program initiatives 135199 135199 Telephone 2067 517 1550 Printing and postage 3072 2875 197 6033 6033 1047484 811970 187428 48086 1305 1566 532377 458874 19931 19931 438415 474018 781153 764824 1753250 1699282 5270 739 5270 739 X 614389 557807 1133591 1140736 1747980 1698543 1753250 1699282 -27456 -21981 X false false X true false X 1049330 986594 871644 1096312 942568 4946448 1049330 986594 871644 1096312 942568 4946448 4946448 11953 11399 9820 11624 15011 59807 5006255 0.98810 0.98900 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false 781153 5200 -21529 764824 777820 30970 -27637 781153 582527 5880 189413 777820 628902 10361 -56736 582527 584459 24093 20350 628902 1.00000 true false false 16547 16547 3384 3384 Financial derivatives and other financial products Closely-held equity interests Investment Funds Held at The Community Foundation 764824 764824 Federal income taxes 1017969 -452 25810 -21529 3829 1014140 5888 5888 1020028 1067406 25810 25810 1041596 5888 5888 1047484 XI 2d The other difference in revenue is 21,529 which is the loss in the value of the Endowment Account. Form 990, Part III, Line 4d Program Service Expenses 298,621, Grants and allocations 0, Revenue 99,887 Additional programs include serving as a resource for teachers and local school divisions in the area of economic and financial education as well as providing other programs which can assist teachers in teaching these concepts to students e.g. Reading Makes Cents and Virginia Reads One Book . VCEE also provides Economic Educator Awards acknowledging outstanding teachers, creative lessons written by them, and providing mini-grants to support their efforts in the classroom to promote economic and financial literacy. VCEE completed the online course in Economics and Personal Finance for Virginia high school students and will continue to support this online course. Form 990, Part VI, Section B, Line 11b Prior to the filing of the Form 990, the President sends an electronic copy to all board members for their review. Form 990, Part VI, Section B, Line 12c Board members are asked to submit their conflict of interest disclosure forms annually. The forms are reviewed and monitored by the President and Governance Committee chair in accordance with the policy. Form 990, Part VI, Section B, Line 15a On an annual basis the executive committee, acting on behalf of the Board of Directors, reviews the performance and compensation of the President. Form 990, Part VI, Section C, Line 19 All governing documents, conflict of interest policy statements and financial statements are made available to the public upon request. Form 990, Part IX, Line 11g Of the 162,625 in other fees for services, 98,625 was paid to consultants to teach workshops on economic education, create the curriculum in the revised online economics and personal finance course and coordinate the stock market game teams throughout Virginia. The other 64,000 was paid to a communications consultant. Forms 1099-NEC were issued to any indivdual that was paid 600 or more during the calendar year.