EIN 23-7087052

Virginia Council on Economic Education

IRS 501(c) type
501(c)(3)
Num. employees
3
Year formed
1970
Most recent tax filings
2023-06-01
Description
Virginia Council on Economic Education provides resources and professional development to Virginia K-12 teachers to teach economics and personal finance effectively.
Total revenues
$1,020,028
2023
Total expenses
$1,047,484
2023
Total assets
$1,699,282
2023
Num. employees
3
2023

Program areas at Virginia Council on Economic Education

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.
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.
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.

Who funds Virginia Council on Economic Education

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
The Community FoundationEducational Success$32,601
Vba Education FoundationVa Public School Educators and for Uva Wise$32,000
Virginia Nonprofit Housing CoalitionGeneral Operating$27,000
...and 5 more grants received

Personnel at Virginia Council on Economic Education

NameTitleCompensation
Daniel R. MortensenPresident and Chief Executive Officer$132,000
O. Kate ScottVice President of Programs
Ann ChamberlineVirginia Personal Finance Teacher Fellowship Program , Director
Jeana AaronMarketing and Communications Manager
Christina TaylorResource Development Manager
...and 4 more key personnel

Financials for Virginia Council on Economic Education

RevenuesFYE 06/2023
Total grants, contributions, etc.$942,568
Program services$31,625
Investment income and dividends$15,011
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$30,824
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$1,020,028

Form 990s for Virginia Council on Economic Education

Fiscal year endingDate received by IRSFormPDF link
2023-062024-05-15990View PDF
2022-062023-05-15990View PDF
2021-062021-11-14990View PDF
2020-062021-05-26990View PDF
2019-062020-08-13990View PDF
...and 9 more Form 990s
Data update history
November 3, 2024
Updated personnel
Identified 11 new personnel
October 24, 2024
Received grants
Identified 1 new grant, including a grant for $25,000 from Guilford Foundation
July 17, 2024
Updated personnel
Identified 8 new personnel
July 14, 2024
Received grants
Identified 1 new grant, including a grant for $15,000 from The Bank of America Charitable Foundation
July 10, 2024
Posted financials
Added Form 990 for fiscal year 2023
Nonprofit Types
Employment organizationsResearch centersHeadquarter / parent organizationsCharities
Issues
Social sciencesEducation
Characteristics
Conducts researchState / local levelReceives government fundingEndowed supportTax deductible donationsAccepts online donations
General information
Address
301 W Main St Box 844000
Richmond, VA 23284
Metro area
Richmond, VA
County
Richmond city, VA
Website URL
vcee.org/ 
Phone
(804) 828-1627
IRS details
EIN
23-7087052
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1970
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
V20: Social Science Research Institutes, Services
NAICS code, primary
611430: Professional and Management Development Training
Parent/child status
Independent
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