2025-11-14T14:58:52-06:00 2024-12-31 333709623 COHNREZNICK ADVISORY LLC 1301 AVENUE OF THE AMERICAS NEW YORK NY 10019 990 2024-01-01 131623848 COUNCIL FOR ECONOMIC EDUCATION COUN 2128273600 122 E 42ND STREET 1012 NEW YORK NY 101682699 STEPHEN BUMBAUGH PRESIDENT 2128273600 2025-11-13 1 1 LORI ROTHE YOKOBOSKY P01273422 2122970400 2025-11-12 2024 2025-03-06 01:10:19Z NAN J MORRISON 122 E 42ND STREET 1012 NEW YORK NY 101682699 8047266 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. 31 30 50 225 0 0 5081838 5927591 460705 699142 72333 29091 368077 263551 5982953 6919375 362809 220016 0 0 3959904 3292647 0 0 1112285 3747666 2810760 8070379 6323423 -2087426 595952 3258556 3475885 1106998 728376 2151558 2747509 X SEE SCHEDULE O 0 0 3947833 220016 1010973 CEE'S CORE ACTIVITIES SUPPORT IMPROVING K-12 ECONOMIC AND FINANCIAL EDUCATION THROUGH DELIVERY OF TEACHER PROFESSIONAL DEVELOPMENT TRAININGS (TO MORE THAN 50,000 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 583463 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. 4531296 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 1 0 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 1 102 0 1 50 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 31 30 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NY X X CYNTHIA HALLENBECK 2128273600 122 E 42ND STREET 1012 NEW YORK NY 101682699 NAN J MORRISON PRESIDENT & CEO 40.00 X X 421766 0 13114 PETER NURNBERG DIRECTOR 1.00 X 0 0 0 WILLARD HILL JR SECRETARY 1.00 X X 0 0 0 TONIA L KAMINSKY DIRECTOR 1.00 X 0 0 0 SHANE SANDERS DIRECTOR 1.00 X 0 0 0 REBECCA PATTERSON CHAIRPERSON 1.00 X X 0 0 0 RAPHAEL BOSTIC DIRECTOR 1.00 X 0 0 0 MAX RAKHLIN DIRECTOR 1.00 X 0 0 0 WILLIAM E ODOM DIRECTOR 1.00 X 0 0 0 O KATE SCOTT DIRECTOR 1.00 X 0 0 0 R MADISON MURPHY DIRECTOR 1.00 X 0 0 0 LORETTA J MESTER DIRECTOR 1.00 X 0 0 0 LISA H BANKER DIRECTOR 1.00 X 0 0 0 JOHN T DILLON DIRECTOR 1.00 X 0 0 0 JOHN J SIEGFRIED DIRECTOR 1.00 X 0 0 0 WILLIAM C DUDLEY DIRECTOR 1.00 X 0 0 0 JANE ABITANTA DIRECTOR 1.00 X 0 0 0 JENNY JACOBS DIRECTOR 1.00 X 0 0 0 WORKU GACHOU DIRECTOR 1.00 X 0 0 0 JAMES FEBEO DIRECTOR 1.00 X 0 0 0 HEATHER LAVALLEE DIRECTOR 1.00 X 0 0 0 HAROLD MCGRAW III DIRECTOR 1.00 X 0 0 0 GRAHAM TANAKA DIRECTOR 1.00 X 0 0 0 EMILY KOLINSKI MORRIS DIRECTOR 1.00 X 0 0 0 BARRY HAIMES DIRECTOR 1.00 X 0 0 0 DUNE THORNE DIRECTOR 1.00 X 0 0 0 DENISE GUTIERREZ DIRECTOR 1.00 X 0 0 0 JEFFREY M LACKER TREASURER 1.00 X X 0 0 0 BENJAMIN M FRIEDMAN DIRECTOR 1.00 X 0 0 0 CHET RAGAVAN DIRECTOR 1.00 X 0 0 0 JENNY VAN LEEUWEN HARRINGTON DIRECTOR 1.00 X 0 0 0 ABITZEL D ROBINSON HOBSON OUTGOING COO/CFO 40.00 X 99230 0 9963 CYNTHIA HALLENBECK INTERIM CFO 40.00 X 0 0 0 DAN DELANY CHIEF DEVELOPMENT OFFICER 40.00 X 242807 0 24697 CHRISTOPHER CALTABIANO CHIEF PROGRAM OFFICER 40.00 X 212922 0 936 TARNISHA SMART SR DIRECTOR OF DEVELOPMENT 40.00 X 159910 0 793 RUBEN A RIVERA SR. DIRECTOR, PROFESSIONAL 40.00 X 145311 0 21231 ANDREA MOZO SENIOR DIRECTOR, DIGITAL P 40.00 X 135986 0 34541 1417932 0 105275 8 0 1 0 FELICIA LIPSON 149 ESAT 69TH STREET NEW YORK NY 10021 CONSULTING 167537 1 22500 950589 62213 4892289 40212 5927591 OTHER REGISTRATION FEE 900099 507642 507642 LICENSE FEES 900099 191500 191500 699142 29006 29006 1445 1445 879008 878923 85 85 85 105925 950589 155650 -49725 -49725 398919 93318 305601 305601 6230 6230 6230 6919375 1010973 0 -19189 X 220016 220016 544073 359928 43031 141114 2214363 1465459 175299 573605 93491 61311 7241 24939 440215 288689 34096 117430 505 331 39 135 17680 17680 75185 75185 1258326 891308 245096 121922 7632 5993 837 802 202398 138926 19742 43730 128206 100677 14057 13472 89005 69893 9759 9353 274892 210001 17336 47555 179866 166924 4974 7968 723 567 79 77 611 480 67 64 22974 18511 4463 19066 14552 1209 3305 EVENT EXPENSES 481005 469678 6338 4989 TEACHER TRAINING 35306 35306 DUES & SUBSCRIPTIONS 12109 9510 1326 1273 PROGRAM SUPPLIES 4837 2601 1727 509 939 635 261 43 6323423 4531296 679842 1112285 152747 39056 516819 904936 555097 1592178 53856 112014 102292 55222 92497 109892 568350 530889 55972 37461 1043524 191503 685752 433623 3258556 3475885 343339 209774 7599 36400 756060 482202 1106998 728376 X 731564 328151 1419994 2419358 2151558 2747509 3258556 3475885 595952 0 X 0 1 X 1 0 X 3607758 6178950 6024463 5081838 5927591 26820600 561189 453456 662456 876820 1098061 3651982 4168947 6632406 6686919 5958658 7025652 30472582 325549 125600 196989 224370 180054 1052562 0 325549 125600 196989 224370 180054 1052562 29420020 24644 9702 8731 74708 30451 148236 24644 9702 8731 74708 30451 148236 83438 260547 85650 11160 6230 447025 4277029 6902655 6781300 6044526 7062333 31067843 0.94700 0.93940 0.00480 0.00830 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2020 AMOUNT: $ 2,779. 2021 AMOUNT: $ 6,581. 2023 AMOUNT: $ 11,160. 2024 AMOUNT: $ 6,230. CONSULTING - 2020 AMOUNT: $ 3,333. REGISTRATION FEE - 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 134374 112108 22266 410455 395260 15195 37461 LEASE LIABILITY 482202 482202 X 7089655 75000 1962 76962 7012693 -93318 -93318 6919375 6493704 75000 93318 168318 6325386 -1962 -1962 6323424 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, 2024 AND 2023. CEE'S FEDERAL AND STATE INFORMATIONAL RETURNS PRIOR TO FISCAL YEAR 2021 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, 2024 AND 2023. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY CEE AND HAS CONCLUDED THAT, AS OF DECEMBER 31, 2024 AND 2023, 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 1,962. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -93,318. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 93,318. PART XII, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EVENTS EXPENSES -1,962. EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES LICENSE FEE REVENUE 188500 0 0 0 0 0 0 188500 0 188500 0 0 0 0 0 0 DIAMOND GALA 818726 728776 89950 105548 IIG BREAKFAST 237788 221813 15975 50102 1056514 950589 105925 155650 155650 -49725 1 NORTH CAROLINA COUNCIL ON ECONOMIC EDUCATION 8380 SIX FORKS ROAD SUITE 102 RALEIGH NC 27615 237115503 501 (C) (3) 56133 0 EDUCATION - PROFESSIONAL DEVELOPMENT OKLAHOMA COUNCIL ON ECONOMIC EDUCATION 100 N UNIVERSITY DRIVE BOX 103 EDMOND OK 73034 736102613 501 (C) (3) 29376 0 EDUCATION - PROFESSIONAL DEVELOPMENT NEBRASKA COUNCIL ON ECONOMIC EDUCATION 730 N 14TH STREET HLH 525C LINCOLN NE 685880404 476036149 501 (C) (3) 24975 0 EDUCATION - PROFESSIONAL DEVELOPMENT NORTHERN ARIZONA UNIVERSITY FOUNDATION BUILDING 81 THE WA FRANKE COLLEGE OF BUSINESS 101 E MCCONNELL DR FLAGSTAFF AZ 86011 860193726 501 (C) (3) 16950 0 EDUCATION - PROFESSIONAL DEVELOPMENT MONTANA COUNCIL ON ECONOMIC EDUCATION PO BOX 1306 HELENA MT 59624 810340006 501 (C) (3) 10700 0 EDUCATION - PROFESSIONAL DEVELOPMENT MINNESOTA COUNCIL ON ECONOMIC EDUCATION 1994 BUFORD AVENUE 116 RUTTAN HALL ST PAUL MN 55108 416040647 501 (C) (3) 10000 0 EDUCATION - PROFESSIONAL DEVELOPMENT SC ECONOMICS 1014 GREENE STREET COLUMBIA SC 29208 570706566 501 (C) (3) 10000 0 EDUCATION - PROFESSIONAL DEVELOPMENT MARYLAND COUNCIL ON ECONOMIC EDUCATION TOWSON UNIVERSITY - STEPHENS HALL 112 8000 YORK ROAD TOWSON MD 212520001 520743956 501 (C) (3) 9000 0 EDUCATION - PROFESSIONAL DEVELOPMENT CALIFORNIA COUNCIL ON ECONOMIC EDUCATION 23430 HAWTHORNE BLVD SUITE 280 TORRANCE CA 90505 330237320 501 (C) (3) 7500 0 EDUCATION - PROFESSIONAL DEVELOPMENT GEORGIA COUNCIL ON ECONOMIC EDUCATION PO BOX 1619 ATLANTA GA 30301 581137332 501 (C) (3) 7500 0 EDUCATION - PROFESSIONAL DEVELOPMENT ARIZONA COUNCIL ON ECONOMIC EDUCATION 16421 N TATUM BLVD 123 PHOENIX AZ 85032 860896574 501 (C) (3) 7100 0 EDUCATION - PROFESSIONAL DEVELOPMENT 11 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 0 0 0 0 0 0 0 0 0 NAN J MORRISON PRESIDENT & CEO 415991 0 0 0 5775 0 0 0 13114 0 434880 0 0 0 DAN DELANY CHIEF DEVELOPMENT OFFICER 240588 0 0 0 2219 0 0 0 24697 0 267504 0 0 0 CHRISTOPHER CALTABIANO CHIEF PROGRAM OFFICER 211000 0 0 0 1922 0 0 0 936 0 213858 0 0 0 ANDREA MOZO SENIOR DIRECTOR, DIGITAL P 135719 0 0 0 267 0 0 0 34541 0 170527 0 0 0 RUBEN A RIVERA SR. DIRECTOR, PROFESSIONAL 145005 0 0 0 306 0 0 0 21231 0 166542 0 0 0 TARNISHA SMART SR DIRECTOR OF DEVELOPMENT 159155 0 0 0 755 0 0 0 793 0 160703 0 0 0 X 4 40212 FMV 0 0 0 PART I, COLUMN (B): PART I, COULMN (B) REPRESENTS THE NUMBER OF CONTRIBUTORS. 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 A, LINE 3 DURING 2024 THE ORGANIZATION OUTSOURCED THE CFO ROLE TO AN INDEPENDENT CONTRACTOR. 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 848,000. MANAGEMENT AND GENERAL EXPENSES 229,543. FUNDRAISING EXPENSES 115,998. TOTAL EXPENSES 1,193,541. PAYROLL FEE: PROGRAM SERVICE EXPENSES 43,308. MANAGEMENT AND GENERAL EXPENSES 15,553. FUNDRAISING EXPENSES 5,924. TOTAL EXPENSES 64,785. 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.