Nonprofit · EIN 23-7087052
VIRGINIA COUNCIL ON ECONOMIC EDUCATION
Tax-exempt · RICHMOND, VA 23284
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $781,567 | $1,035,401 | -$253,834 | $1,309,649 | $29,485 | $1,280,164 |
| June 30, 2024 | 990 | $784,107 | $1,016,041 | -$231,934 | $1,514,351 | $4,876 | $1,509,475 |
| June 30, 2023 | 990 | $1,020,028 | $1,047,484 | -$27,456 | $1,699,282 | $739 | $1,698,543 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $712,858
- of which government grants
- $435,133
- Program service revenue
- $23,305
- Investment income
- $45,404
- Net gain from sales of assets
- $31,619
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $182,839
- Other salaries and wages
- $236,305
- Salaries, compensation and benefits (total)
- $516,406
- Professional fundraising fees
- $0
- Accounting fees
- $29,850
- Occupancy
- $2,713
- Travel
- $22,996
- Program services (functional)
- $759,226
- Management and general (functional)
- $197,740
- Fundraising (functional)
- $78,435
Balance sheet and other
- Total assets, start of year
- $1,514,351
- Total assets, end of year
- $1,309,649
- Total liabilities, end of year
- $29,485
- Net assets, end of year
- $1,280,164
- Publicly traded securities
- $452,880
- Net assets without donor restrictions
- $248,613
- Net assets with donor restrictions
- $1,031,551
- Gross receipts
- $1,107,740
- Employees
- 4
- Year formed
- 1970
- State of legal domicile
- VA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| O Kate Scott | President and CEO Officer, Key employee | 40 | $105,839 | $31,919 |
| Neil Amin | Board Member Trustee or director | 1 | $0 | $0 |
| Marge Black | Board Member Trustee or director | 1 | $0 | $0 |
| James W Dyke | Board Member Trustee or director | 1 | $0 | $0 |
| Lorenzo Amani | Board Member Trustee or director | 1 | $0 | $0 |
| Erica Billingslea | Board Member Trustee or director | 1 | $0 | $0 |
| Fred Thompson | Board Member Trustee or director | 1 | $0 | $0 |
| Renee S Haltom | Board Member Trustee or director | 1 | $0 | $0 |
| Bradley H Gunter | Board Member Trustee or director | 1 | $0 | $0 |
| Jason Dunick | Member Ex-officio Trustee or director | 1 | $0 | $0 |
| James Maloney | Board Member Trustee or director | 1 | $0 | $0 |
| L James Borges | Board Member Trustee or director | 2 | $0 | $0 |
| D Oscarlyn Elder | Board Member Trustee or director | 2 | $0 | $0 |
| Suzanne M Gallagher | Board Member Trustee or director | 1 | $0 | $0 |
| Chung Ma | Vice Chairman Trustee or director | 3 | $0 | $0 |
25 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Derwood S Chase | Board Member Trustee or director | 1 | $0 |
| Tara D Jenkins | Board Member Trustee or director | 1 | $0 |
| Bryan S Cram | Board Member Trustee or director | 1 | $0 |
| Christopher Lucy | Chairman Trustee or director | 5 | $0 |
| Jeffrey M Lacker | Board Member Trustee or director | 1 | $0 |
| A Fletcher Mangum | Board Member Trustee or director, Officer | 2 | $0 |
| Jeffrey R Leopold | Board Member Trustee or director | 2 | $0 |
| Lynne Mallory-Winter | Board Member Trustee or director | 2 | $0 |
| EG Miller | Secretary/Treasurer Trustee or director, Officer | 5 | $0 |
| Katharine M Bond | Board Member Trustee or director | 1 | $0 |
| Keith M Martin | Board Member Trustee or director | 1 | $0 |
| Rob Shinn | Board Member Trustee or director | 2 | $0 |
| William A Casey | Board Member Trustee or director | 1 | $0 |
| Tapan V Gandhi | Board Member Trustee or director | 1 | $0 |
| Bruce T Whitehurst | Board Member Trustee or director | 2 | $0 |
| A Eric Kauders Jr | Board Member Trustee or director | 2 | $0 |
| Christopher M Shockley | Immediate Past Chair Trustee or director, Officer | 5 | $0 |
| Thomas C Palmer | Board Member Trustee or director | 1 | $0 |
| Mary G Morris | Board Member Trustee or director | 1 | $0 |
| Gary R Thomson | Board Member Trustee or director | 1 | $0 |
| Thomas E Phillips Jr | Board Member Trustee or director | 1 | $0 |
| David W Mullins | Board Member Trustee or director | 1 | $0 |
| Vatell Martin | Board Member Trustee or director | 1 | $0 |
| Tim Rowe | Board Member Trustee or director | 1 | $0 |
| Michel Zajur | Board Member Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 40 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Daniel R Mortensen | President and CEO Officer, Key employee | 40 | $132,000 |
| Neil Amin | Board Member Trustee or director | 1 | $0 |
| Marge Black | Board Member Trustee or director | 1 | $0 |
| James W Dyke | Board Member Trustee or director | 1 | $0 |
| Rasheeda Creighton | Board Member Trustee or director | 1 | $0 |
| Erica Billingslea | Board Member Trustee or director | 1 | $0 |
| Fred Thompson | Board Member Trustee or director | 1 | $0 |
| Naomi Boyd | Board Member Trustee or director | 1 | $0 |
| Bradley H Gunter | Board Member Trustee or director | 1 | $0 |
| Jason Dunick | Member Ex-officio Trustee or director | 1 | $0 |
| James Maloney | Board Member Trustee or director | 1 | $0 |
| L James Borges | Board Member Trustee or director | 2 | $0 |
| D Oscarlyn Elder | Board Member Trustee or director | 2 | $0 |
| Suzanne M Gallagher | Board Member Trustee or director | 1 | $0 |
| Chung Ma | Board Member Trustee or director | 2 | $0 |
| Derwood S Chase | Board Member Trustee or director | 1 | $0 |
| Natasha Knight | Board Member Trustee or director | 1 | $0 |
| Bryan S Cram | Board Member Trustee or director | 1 | $0 |
| Christopher Lucy | Vice Chairman Trustee or director | 3 | $0 |
| Jeffrey M Lacker | Board Member Trustee or director | 1 | $0 |
| A Fletcher Mangum | Chairman Trustee or director, Officer | 5 | $0 |
| Jeffrey R Leopold | Board Member Trustee or director | 2 | $0 |
| Lynne Mallory-Winter | Board Member Trustee or director | 2 | $0 |
| EG Miller | Secretary/Treasurer Trustee or director, Officer | 5 | $0 |
| Katharine M Bond | Board Member Trustee or director | 1 | $0 |
| Keith M Martin | Board Member Trustee or director | 1 | $0 |
| Rob Shinn | Board Member Trustee or director | 2 | $0 |
| William A Casey | Board Member Trustee or director | 1 | $0 |
| Tapan V Gandhi | Board Member Trustee or director | 1 | $0 |
| Bruce T Whitehurst | Board Member Trustee or director | 2 | $0 |
| A Eric Kauders Jr | Board Member Trustee or director | 2 | $0 |
| Christopher M Shockley | Immediate Past Chair Trustee or director, Officer | 5 | $0 |
| Thomas C Palmer | Board Member Trustee or director | 1 | $0 |
| Mary G Morris | Board Member Trustee or director | 1 | $0 |
| Gary R Thomson | Board Member Trustee or director | 1 | $0 |
| Thomas E Phillips Jr | Board Member Trustee or director | 1 | $0 |
| David W Mullins | Board Member Trustee or director | 1 | $0 |
| Tammy Neale | Board Member Trustee or director | 1 | $0 |
| Tim Rowe | Board Member Trustee or director | 1 | $0 |
| Michel Zajur | Board Member Trustee or director | 1 | $0 |
990 for the year ended June 30, 2023: 43 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Daniel R Mortensen | President and CEO Officer, Key employee | 40 | $132,000 |
| Neil Amin | Board Member Trustee or director | 1 | $0 |
| Kartik Athreya | Board Member Trustee or director | 2 | $0 |
| James W Dyke | Board Member Trustee or director | 1 | $0 |
| Rasheeda Creighton | Board Member Trustee or director | 1 | $0 |
| Erica Billingslea | Board Member Trustee or director | 1 | $0 |
| Fred Thompson | Board Member Trustee or director | 1 | $0 |
| Naomi Boyd | Board Member Trustee or director | 1 | $0 |
| Bradley H Gunter | Board Member Trustee or director | 1 | $0 |
| Jason Dunick | Member Ex-officio Trustee or director | 1 | $0 |
| Carrie Hunt | Board Member Trustee or director | 1 | $0 |
| L James Borges | Board Member Trustee or director | 2 | $0 |
| D Oscarlyn Elder | Board Member Trustee or director | 2 | $0 |
| Suzanne M Gallagher | Board Member Trustee or director | 1 | $0 |
| Chung Ma | Board Member Trustee or director | 2 | $0 |
| Derwood S Chase | Board Member Trustee or director | 1 | $0 |
| Natasha Knight | Board Member Trustee or director | 1 | $0 |
| Bryan S Cram | Board Member Trustee or director | 1 | $0 |
| Christopher Lucy | Vice Chairman Trustee or director | 3 | $0 |
| Jeffrey M Lacker | Board Member Trustee or director | 1 | $0 |
| A Fletcher Mangum | Chairman Trustee or director, Officer | 5 | $0 |
| Jeffrey R Leopold | Board Member Trustee or director | 2 | $0 |
| Lynne Mallory-Winter | Board Member Trustee or director | 2 | $0 |
| EG Miller | Secretary/Treasurer Trustee or director, Officer | 5 | $0 |
| Stephanie R Peters | Board Member Trustee or director | 2 | $0 |
| Katharine M Bond | Board Member Trustee or director | 1 | $0 |
| Keith M Martin | Board Member Trustee or director | 1 | $0 |
| Rob Shinn | Board Member Trustee or director | 2 | $0 |
| William A Casey | Board Member Trustee or director | 1 | $0 |
| Tapan V Gandhi | Board Member Trustee or director | 1 | $0 |
| Bruce T Whitehurst | Board Member Trustee or director | 2 | $0 |
| Jeffrey Lacker | Board Member Trustee or director | 1 | $0 |
| A Eric Kauders Jr | Board Member Trustee or director | 2 | $0 |
| Christopher M Shockley | Immediate Past Chair Trustee or director, Officer | 5 | $0 |
| Thomas C Palmer | Board Member Trustee or director | 1 | $0 |
| Mary G Morris | Board Member Trustee or director | 1 | $0 |
| Gary R Thomson | Board Member Trustee or director | 1 | $0 |
| Thomas E Phillips Jr | Board Member Trustee or director | 1 | $0 |
| David W Mullins | Board Member Trustee or director | 1 | $0 |
| Tammy Neale | Board Member Trustee or director | 1 | $0 |
| Tim Rowe | Board Member Trustee or director | 1 | $0 |
| Marge White | Board Member Trustee or director | 1 | $0 |
| Michel Zajur | Board Member Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 301 W MAIN STREET BOX 844000, RICHMOND, VA 23284-9051
- Principal officer (990 for 2024)
- O Kate Scott, 301 W Main Street Box 844000, Richmond, VA 23284
- Signed the 990
- O Kate Scott, President and CEO
- Phone
- (804) 828-1627
- Website
- www.vcee.org
- Return prepared by
- Andrews Accounting and Bookkeeping Inc
Mission
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.
Program accomplishments
- 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 FY25, VCEE provided 115 sessions ranging from one hour to 45 hours in length to 2,496 teachers. In addition, VCEE had 165,000 digital interactions in FY25 via its website, social media and digital newsletter.Expenses $343,778 · revenue $22,762
- 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 FY25, 28 teachers, representing 21 public school divisions, delivered personal finance professional development to 210 classroom teachers and awarded 480 hours of continuing education credit.Expenses $92,985 · revenue $1,250
- 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 FY25, 2,246 teams representing 8,984 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.Expenses $62,734 · revenue $35,805
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 23-7087052
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1970
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Social science (V22Z)
- Assets (IRS master file)
- $1,309,649
- Income (IRS master file)
- $1,107,740
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $781,567 | $1,035,401 | $1,309,649 | IRS |
| 990 | June 2024 | $784,107 | $1,016,041 | $1,514,351 | IRS |
| 990 | June 2023 | $1,020,028 | $1,047,484 | $1,699,282 | XML |
| 990 | June 2022 | $1,160,946 | $898,016 | $1,753,250 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7087052).
Questions about VIRGINIA COUNCIL ON ECONOMIC EDUCATION
- What is the EIN of VIRGINIA COUNCIL ON ECONOMIC EDUCATION?
- The employer identification number (EIN) of VIRGINIA COUNCIL ON ECONOMIC EDUCATION is 23-7087052.
- Is VIRGINIA COUNCIL ON ECONOMIC EDUCATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1970.
- Are donations to VIRGINIA COUNCIL ON ECONOMIC EDUCATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VIRGINIA COUNCIL ON ECONOMIC EDUCATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of VIRGINIA COUNCIL ON ECONOMIC EDUCATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did VIRGINIA COUNCIL ON ECONOMIC EDUCATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of VIRGINIA COUNCIL ON ECONOMIC EDUCATION?
- The 990 for the year ended June 30, 2025 names O Kate Scott.
- Who are the officers and directors of VIRGINIA COUNCIL ON ECONOMIC EDUCATION?
- The 990 for the year ended June 30, 2025 lists 40 people; 1 received compensation from the organization, the highest $105,839 (O Kate Scott, President and CEO).
- How much revenue does VIRGINIA COUNCIL ON ECONOMIC EDUCATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $781,567, expenses of $1,035,401 and total assets of $1,309,649 at year end.
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