Civic Intelligence

Kansas Council on Economic Education

EIN 45-0834796 • 501(c)3 • Wichita, KS

Profile

To further the mission of the kansas council on economic education of advancing the teaching and learning of economic thinking and problem solving so students can use that understanding in their lives as responsible citizens and effective participants in the global economy.

1845 Fairmount St Campus Box 203Wichita, KS 67260-0203

www.kcee.wichita.edu

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

60th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

62nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

5th percentile

-337%

Higher net margin than 5% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

98th percentile

$110,573

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 108.1% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

20th percentile

-49%

Faster asset growth than 20% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

93rd percentile

120%

Faster revenue growth than 93% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets60th percentile

Assets

Down

$395,853

Down $384,035 (-49%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Down

$395,853

Down $384,035 (-49%) from 2023

Operations
Liabilities / Revenue62nd percentileNet Margin5th percentile

Revenue

Up

$102,314

Up $55,764 (+120%) from 2023

Expenses

Up

$447,563

Up $403,982 (+927%) from 2023

Net Income

Down

-$345,249

Down $348,218 (-11728%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth20th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.0M$500K$0Assets 2013: $580,615Liabilities 2013: $0Net Assets 2013: $580,6152013Assets 2014: $679,852Liabilities 2014: $0Net Assets 2014: $679,8522014Assets 2015: $699,888Liabilities 2015: $0Net Assets 2015: $699,8882015Assets 2016: $688,026Liabilities 2016: $0Net Assets 2016: $688,0262016Assets 2017: $776,072Liabilities 2017: $0Net Assets 2017: $776,0722017Assets 2018: $831,521Liabilities 2018: $0Net Assets 2018: $831,5212018Assets 2019: $805,133Liabilities 2019: $0Net Assets 2019: $805,1332019Assets 2020: $743,399Liabilities 2020: $0Net Assets 2020: $743,3992020Assets 2021: $830,937Liabilities 2021: $0Net Assets 2021: $830,9372021Assets 2022: $698,320Liabilities 2022: $0Net Assets 2022: $698,3202022Assets 2023: $779,888Liabilities 2023: $0Net Assets 2023: $779,8882023Assets 2024: $395,853Liabilities 2024: $0Net Assets 2024: $395,8532024

Highlighted filing

2024

Assets$395,853
Liabilities$0
Net Assets$395,853
Open 2024 Filing

Operations Trend

Revenue Growth93rd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200K-$400KRevenue 2013: $20,073Expenses 2013: $2,842Net Income 2013: $17,2312013Revenue 2014: $35,756Expenses 2014: $3,152Net Income 2014: $32,6042014Revenue 2015: $66,111Expenses 2015: $3,445Net Income 2015: $62,6662015Revenue 2016: $15,240Expenses 2016: $3,393Net Income 2016: $11,8472016Revenue 2017: $21,072Expenses 2017: $1,046Net Income 2017: $20,0262017Revenue 2018: $46,903Expenses 2018: $0Net Income 2018: $46,9032018Revenue 2019: $58,566Expenses 2019: $72,000Net Income 2019: -$13,4342019Revenue 2020: $44,889Expenses 2020: $93,000Net Income 2020: -$48,1112020Revenue 2021: $33,906Expenses 2021: $54,064Net Income 2021: -$20,1582021Revenue 2022: $43,348Expenses 2022: $66,155Net Income 2022: -$22,8072022Revenue 2023: $46,550Expenses 2023: $43,581Net Income 2023: $2,9692023Revenue 2024: $102,314Expenses 2024: $447,563Net Income 2024: -$345,2492024

Highlighted filing

2024

Revenue$102,314
Expenses$447,563
Net Income-$345,249
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$395,853
Liabilities
$0
Net assets
$395,853
Revenue
$102,314
Expenses
$447,563
Net income
-$345,249
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.96$0.00$3.96$1.02$4.48$3.45
2023Detailed filing. Detailed filing data is available for this year.$7.80$0.00$7.80$0.47$0.44$0.03
2022Detailed filing. Detailed filing data is available for this year.$6.98$0.00$6.98$0.43$0.66$0.23
2021Detailed filing. Detailed filing data is available for this year.$8.31$0.00$8.31$0.34$0.54$0.20
2020Detailed filing. Detailed filing data is available for this year.$7.43$0.00$7.43$0.45$0.93$0.48
2019Detailed filing. Detailed filing data is available for this year.$8.05$0.00$8.05$0.59$0.72$0.13
2018Detailed filing. Detailed filing data is available for this year.$8.32$0.00$8.32$0.47$0.00$0.47
2017Detailed filing. Detailed filing data is available for this year.$7.76$0.00$7.76$0.21$0.01$0.20
2016Detailed filing. Detailed filing data is available for this year.$6.88$0.00$6.88$0.15$0.03$0.12
2015Detailed filing. Detailed filing data is available for this year.$7.00$0.00$7.00$0.66$0.03$0.63
2014Detailed filing. Detailed filing data is available for this year.$6.80$0.00$6.80$0.36$0.03$0.33
2013Summary only. Only limited summary data is available for this year.$5.81$0.00$5.81$0.20$0.03$0.17
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Feb 27, 2025
Return Version
2023v6.0
Gross Receipts
$180,881
Mission and Program Overview

Mission

To further the mission of the kansas council on economic education of advancing the teaching and learning of economic ways of thinking and problem solving so students can use that understanding in their lives as responsible citizens and effective participants in the global economy and to promote such other charitable and educational endeavors as may be permitted under section 501(c)(3).

To further the mission of the kansas council on economic education

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$436,958--
Investments in Publicly Traded Securities-$386,000-
Investments Other Securities$334,613--
Savings and Temporary Cash Investments$8,317$9,853▲ $1,536
Total Assets$779,888$395,853▼ $384,035
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$779,888$391,244▼ $388,644
Net Assets Without Donor Restrictions-$4,609-
Total Net Assets Fund Balance$779,888$395,853▼ $384,035
Total Liabilities and Net Assets / Fund Balance$779,888$395,853▼ $384,035

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$275,949-▲ $53,004-$321,215
2022$279,175-▲ $54,587$40,000$275,949
2021$428,880-▼ $70,618$62,000$279,175
2020$357,733-▲ $137,538$50,000$428,880
2019$445,189-▲ $57,273$144,729$357,733
Compensation and Service Providers
Top Officer Pay98th percentile

Employees

NameTitleOtherTotal
Charlene NicholsPresident & CEO$110,573$110,573

Board Members and Trustees

NameTitle
Nathan GeraciChair
Brad GoebelDirector
Brian DockingDirector
Brian WatsonDirector
Carol LinnensDirector
Cathy HopkinsDirector
Dan ShippDirector
Douglas GirodDirector
Greg GreenwoodDirector
Jeff CopperDirector
Jeff MorrisDirector
Jill DockingDirector
Ken HushDirector
Kirk HaskinsDirector
Lowell JonesDirector
Lucas ShiversDirector
Mark DouglassDirector
Mike RonenDirector
Mike SeitzDirector
Richard LintonDirector
Richard MumaDirector
Robert E LitanDirector
Steven JohnsonDirector
Tisa MasonDirector
Troy JordanDirector
Zach MartenDirector
Alex WilliamsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$102,314
Other Revenue
$0
Change in Net Assets
$-345,249
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$444,696
Other Expenses$2,867
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$444,696--$444,696
Fees for Service Investment Mgmnt Fees-$2,867-$2,867
Total Functional Expenses$444,696$2,867$0$447,563
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Kansas Council on Economic EducationWichita, KS501(c)(3)Operational Costs$444,696
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Brian docking and jill docking have a family relationship.”

Form 990, Part VI, Section B, Line 11B

“The president and chief executive officer will review and sign the form 990 before it is filed with the internal revenue service.”

Form 990, Part VI, Section C, Line 19

“The kansas council on economic education foundation does not make most of their documents generally available to the public, but will release them when appropriate. Financial statements are available when requested by existing/prospective donors. In addition, they subscribe to and make their information available through guidestar. Their financial statements are available on this website.”

Filing and Contact Details

Filer

Filer Name
Kansas Council on Economic Education
EIN
45-0834796
Phone
3169785165
Address
1845 FAIRMOUNT ST CAMPUS BOX 203, WICHITA, KS 67260-0203

Signing Officer

Name
Charlene Nichols
Title
Executive Director
Phone
3169785165
Signed
2025-02-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Charlene Nichols
Formed
2011
Legal Domicile
Ks
Voting Board Members
27
Independent Board Members
27
Employees
0
Volunteers
27

Preparer

Firm
Adamsbrown LLC
Address
1520 KANSAS AVE PO DRAWER J, GREAT BEND, KS 67530
Preparer
SHANNON A O'NEIL
Phone
6207922428
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

“Funds are held to support and for the benefit of kansas council on economic education. Fund detail in the prior year and two years back columns has been restated to better reflect activity after a review of the funds by an independent outside accounting firm.”

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt250
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt270
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt2789035
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt26DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt27PRESIDENT & CEO
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IRS990/MissionDesc0TO FURTHER THE MISSION OF THE KANSAS COUNCIL ON ECONOMIC EDUCATION OF ADVANCING THE TEACHING AND LEARNING OF ECONOMIC THINKING AND PROBLEM SOLVING SO STUDENTS CAN USE THAT UNDERSTANDING IN THEIR LIVES AS RESPONSIBLE CITIZENS AND EFFECTIVE PARTICIPANTS IN THE GLOBAL ECONOMY.
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IRS990/PrincipalOfficerNm0CHARLENE NICHOLS
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