Council for Economic Education

“The bylaws were significantly amended to include specific language relating to the organization's purpose.”

“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.”

“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.”

“The organization undertakes a thorough annual process to ensure that the executive compensation it pays to its top line management official and all its officers and key employees is reasonable given the market in which the organization operates. The organization undertook a formal benchmarking survey in 2012, the results of which were implemented in 2013. In addition the council engages an outside firm to benchmark the compensation of the president and ceo. Compensation related matters are discussed by management with appropriate board members.”

“Cee makes it its governing documents, conflict of interest policy and financial statements available by request. In addition, cee makes its financial statements available on its website.”

“The council for economic education (cee) is the leading organization in the united states that focuses on the economic and financial education of students from kindergarten through high school - and we have been doing so for over 65 years. Cee delivers the fourth "r" - a real-world understanding of how to build fruitful lives - to america's young people. Our goal is to reach and teach every child to create a more informed citizenry capable of making better decisions as savers, investors, borrowers, voters, and participants in the global economy. We do this by educating the educators: providing the curriculum tools, the pedagogical support, and the community of peers that instruct, inspire, and guide. All resources and programs are developed by educators, and delivered by our national network of affiliates - over 240 across the country. Each year, we train approximately 55,000 teachers in person, and those teachers, in turn, reach approximately 5 million students throughout the country. Econedlink[econedlink.org] - our free, online educator gateway for economic and personal finance lessons and resources - attracts more than 1.2 million unique visitors each year.”

“Other consulting: program service expenses 30,413. Management and general expenses 99,781. Fundraising expenses 53,414. Total expenses 183,608. Interns: program service expenses 35,211. Management and general expenses 0. Fundraising expenses 0. Total expenses 35,211. Temp services: program service expenses 3,120. Management and general expenses 20,531. Fundraising expenses 819. Total expenses 24,470. Outsourced services: program service expenses 164,583. Management and general expenses 0. Fundraising expenses 0. Total expenses 164,583. Program development: program service expenses 801,932. Management and general expenses 0. Fundraising expenses 0. Total expenses 801,932.”

“The selction and oversight process has not changed form the prior year.”