Civic Intelligence

South Carolina Council on Economic Education

990 • Fiscal year 2014 • EIN 57-0706566

Jul 01, 2013 to Jun 30, 2014 • Filed on Feb 13, 2015

1014 Greene St29208

(803) 777-8677

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

59th percentile

0.10x

Higher debt load relative to assets than 59% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Liabilities / Revenue

56th percentile

0.06x

Higher debt load relative to revenue than 56% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Net Margin

44th percentile

1.0%

Higher net margin than 44% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Top Officer Pay

47th percentile

$0

Higher top officer pay than 47% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Asset Growth

53rd percentile

3.2%

Faster asset growth than 53% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Revenue Growth

92nd percentile

93%

Faster revenue growth than 92% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Assets

Up

$325,204

Up $9,980 (+3.2%) from 2013

Net Assets

Up

$292,517

Up $5,178 (+1.8%) from 2013

Liabilities

Up

$32,687

Up $4,802 (+17%) from 2013

Revenue

Up

$506,893

Up $244,877 (+93%) from 2013

Expenses

Up

$501,715

Up $223,099 (+80%) from 2013

Net Income

Up

$5,178

Up $21,778 (+131%) from 2013

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600K$400K$200K$0Assets 2010: $128,833Liabilities 2010: $4,291Net Assets 2010: $124,5422010Assets 2011: $208,508Liabilities 2011: $9,585Net Assets 2011: $198,9232011Assets 2012: $318,664Liabilities 2012: $14,725Net Assets 2012: $303,9392012Assets 2013: $315,224Liabilities 2013: $27,885Net Assets 2013: $287,3392013Assets 2014: $325,204Liabilities 2014: $32,687Net Assets 2014: $292,5172014Assets 2015: $286,376Liabilities 2015: $18,298Net Assets 2015: $268,0782015Assets 2016: $314,501Liabilities 2016: $23,653Net Assets 2016: $290,8482016Assets 2017: $305,181Liabilities 2017: $8,136Net Assets 2017: $297,0452017Assets 2018: $346,145Liabilities 2018: $28,484Net Assets 2018: $317,6612018Assets 2019: $341,227Liabilities 2019: $18,301Net Assets 2019: $322,9262019Assets 2020: $383,290Liabilities 2020: $51,005Net Assets 2020: $332,2852020Assets 2021: $503,604Liabilities 2021: $75,027Net Assets 2021: $428,5772021Assets 2022: $433,764Liabilities 2022: $11,849Net Assets 2022: $421,9152022Assets 2023: $396,518Liabilities 2023: $8,678Net Assets 2023: $387,8402023Assets 2024: $410,111Liabilities 2024: $15,587Net Assets 2024: $394,5242024Assets 2025: $491,646Liabilities 2025: $24,798Net Assets 2025: $466,8482025

Highlighted filing

2014

Assets$325,204
Liabilities$32,687
Net Assets$292,517

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$800K$600K$400K$200K$0-$200KExpenses 2010: $430,0812010Expenses 2011: $415,5052011Expenses 2012: $418,9972012Revenue 2013: $262,016Expenses 2013: $278,616Net Income 2013: -$16,6002013Revenue 2014: $506,893Expenses 2014: $501,715Net Income 2014: $5,1782014Revenue 2015: $450,512Expenses 2015: $474,850Net Income 2015: -$24,3382015Revenue 2016: $557,757Expenses 2016: $534,245Net Income 2016: $23,5122016Revenue 2017: $601,411Expenses 2017: $595,214Net Income 2017: $6,1972017Revenue 2018: $573,642Expenses 2018: $553,026Net Income 2018: $20,6162018Revenue 2019: $570,743Expenses 2019: $565,478Net Income 2019: $5,2652019Revenue 2020: $430,405Expenses 2020: $426,569Net Income 2020: $3,8362020Revenue 2021: $545,395Expenses 2021: $479,280Net Income 2021: $66,1152021Revenue 2022: $552,715Expenses 2022: $520,421Net Income 2022: $32,2942022Revenue 2023: $481,188Expenses 2023: $532,499Net Income 2023: -$51,3112023Revenue 2024: $576,498Expenses 2024: $602,249Net Income 2024: -$25,7512024Revenue 2025: $563,019Expenses 2025: $524,653Net Income 2025: $38,3662025

Highlighted filing

2014

Revenue$506,893
Expenses$501,715
Net Income$5,178
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Feb 13, 2015
Return Version
2013v4.0
Gross Receipts
$506,893
Mission and Program Overview

Mission

Sc economics is the only sc non-profit organization exclusively dedicated to improving economic education and financial literacy by preparing teachers and students to be active, successful, and prosperous members of our global economy.

To promote economic literacy throughout sc schools

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$304,220$315,544▲ $11,324
Accounts Receivable$5,000$5,040▲ $40
Land, Buildings, and Equipment, Net$6,004$4,620▼ $1,384
Total Assets$315,224$325,204▲ $9,980
Liabilities
Accounts Payable and Accrued Expenses$27,885$32,687▲ $4,802
Total Liabilities$27,885$32,687▲ $4,802
Net Assets / Fund Balance
Unrestricted Net Assets$287,339$292,517▲ $5,178
Total Net Assets Fund Balance$287,339$292,517▲ $5,178
Total Liabilities and Net Assets / Fund Balance$315,224$325,204▲ $9,980

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$4,620$10,613$15,233
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$386,425
Program Service Revenue
$120,002
Investment Income
$466
Other Revenue
$0
All Other Contributions
$386,425
Change in Net Assets
$5,178

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table3$43,200Fair Market Value
Other Non Cash Contri Table3$5,600Fair Market Value
Other Non Cash Contri Table2$3,500Fair Market Value
Other Non Cash Contri Table4$2,400Fair Market Value
Other Non Cash Contri Table1$2,000Fair Market Value
Total Noncash Contributions13$56,700-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$264,309
Other Expenses$237,406
Total Fundraising Expense$37,740
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$208,607$28,965$26,737$264,309
Occupancy$32,400$5,616$5,184$43,200
All Other Expenses$7,250$1,257$1,161$9,668
Advertising$4,540$787$726$6,053
Other Expenses$3,729$647$596$4,972
Office Expenses$1,587$275$254$2,116
Insurance$1,497$259$240$1,996
Depreciation Depletion$1,039$180$166$1,385
Travel$799$138$128$1,065
Total Functional Expenses$423,091$40,884$37,740$501,715
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
No
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
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 B, Line 11

The form 990 is reviewed by the organization's president.

Form 990, Part VI, Section B, Line 15A

The search committee, comprised of directors and a representative from the national affiliate office, conducted a comparability study to determine the president's compensation. Thereafter, any change in the compensation is approved by the organization's executive committee and board of directors.

Form 990, Part VI, Section C, Line 19

The governing documents and financial statements are available to the public upon request.

Filing and Contact Details

Filer

EIN
57-0706566
Phone
8037778677

Signing Officer

Name
Jim Morris
Title
CEO
Phone
8037778677
Signed
2015-02-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jim Morris
Formed
1975
Legal Domicile
Sc
Voting Board Members
24
Independent Board Members
20
Employees
6
Volunteers
0

Preparer

Preparer
Alan F Grimsley CPA
Phone
8037995810
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The financial statements and reports to the board of directors are presented to the board of directors at quarterly board meetings. Additional details may be discussed at the executive committee level through the board's treasurer.

Financial Statement Notes

PART X, LINE 2:

Management has evaluated the council's tax positions and concluded that the council had taken no uncertain tax positions that require adjustment to the financial statements to comply with the provisions of this guidance.

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IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt14TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt17TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt21TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt22SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt23CEO
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01975
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt024
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0506893
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt020
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/FundraisingAmt0240
IRS990/InsuranceGrp/ManagementAndGeneralAmt0259
IRS990/InsuranceGrp/ProgramServicesAmt01497
IRS990/InsuranceGrp/TotalAmt01996
IRS990/InvestmentIncomeGrp/ExclusionAmt0466
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0466
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt018
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt010613
IRS990/LandBldgEquipBasisNetGrp/BOYAmt06004
IRS990/LandBldgEquipBasisNetGrp/EOYAmt04620
IRS990/LandBldgEquipCostOrOtherBssAmt015233
IRS990/LegalDomicileStateCd0SC
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0SC ECONOMICS IS THE ONLY SC NON-PROFIT ORGANIZATION EXCLUSIVELY DEDICATED TO IMPROVING ECONOMIC EDUCATION AND FINANCIAL LITERACY BY PREPARING TEACHERS AND STUDENTS TO BE ACTIVE, SUCCESSFUL, AND PROSPEROUS MEMBERS OF OUR GLOBAL ECONOMY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0287339
IRS990/NetAssetsOrFundBalancesEOYAmt0292517
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt056700
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt05184
IRS990/OccupancyGrp/ManagementAndGeneralAmt05616
IRS990/OccupancyGrp/ProgramServicesAmt032400
IRS990/OccupancyGrp/TotalAmt043200
IRS990/OfficeExpensesGrp/FundraisingAmt0254
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0275
IRS990/OfficeExpensesGrp/ProgramServicesAmt01587
IRS990/OfficeExpensesGrp/TotalAmt02116
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0PROGRAM
IRS990/OtherExpensesGrp/Desc1OUTSIDE SERVICES
IRS990/OtherExpensesGrp/Desc2PUBLIC RELATIONS
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt11887
IRS990/OtherExpensesGrp/FundraisingAmt2661
IRS990/OtherExpensesGrp/FundraisingAmt3596
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12044
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2716
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt3647
IRS990/OtherExpensesGrp/ProgramServicesAmt0145718
IRS990/OtherExpensesGrp/ProgramServicesAmt111792
IRS990/OtherExpensesGrp/ProgramServicesAmt24133
IRS990/OtherExpensesGrp/ProgramServicesAmt33729
IRS990/OtherExpensesGrp/TotalAmt0145718
IRS990/OtherExpensesGrp/TotalAmt115723
IRS990/OtherExpensesGrp/TotalAmt25510
IRS990/OtherExpensesGrp/TotalAmt34972
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt026737
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt028965
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0208607
IRS990/OtherSalariesAndWagesGrp/TotalAmt0264309
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0JIM MORRIS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0999999
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0120002
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0120002
IRS990/ProgSrvcAccomActy2Grp/Desc0STOCK MARKET GAME: TO SHOW TEACHERS HOW TO HELP THEIR STUDENTS LEARN FROM THE MARKET
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt06740
IRS990/ProgSrvcAccomActy3Grp/Desc0ALL OTHER PROGRAMS: TO PROMOTE AND EDUCATE OTHERS ON THE IMPORTANCE OF ECONOMIC EDUCATION
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0363715
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0120002
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0210805
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0161
IRS990/PYOtherExpensesAmt0143015
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt051050
IRS990/PYRevenuesLessExpensesAmt0-16600
IRS990/PYSalariesCompEmpBnftPaidAmt0135601
IRS990/PYTotalExpensesAmt0278616
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0262016
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt05178
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0386425
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0210805
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0289270
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0329770
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0252825
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01469095
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0466
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0161
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0399
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0217
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0281
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01524
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0813680
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.83360
IRS990ScheduleA/PublicSupportPY170Pct00.77840
IRS990ScheduleA/PublicSupportTotal170Amt01225893
IRS990ScheduleA/SubstantialContributorsTotAmt0243202
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0386425
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0210805
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0289270
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0329770
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0252825
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01469095
IRS990ScheduleA/TotalSupportAmt01470619
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.92$0.25$4.67$5.63$5.25$0.38
2024Detailed filing. Detailed filing data is available for this year.$4.10$0.16$3.95$5.76$6.02$0.26
2023Detailed filing. Detailed filing data is available for this year.$3.97$0.09$3.88$4.81$5.32$0.51
2022Detailed filing. Detailed filing data is available for this year.$4.34$0.12$4.22$5.53$5.20$0.32
2021Detailed filing. Detailed filing data is available for this year.$5.04$0.75$4.29$5.45$4.79$0.66
2020Detailed filing. Detailed filing data is available for this year.$3.83$0.51$3.32$4.30$4.27$0.04
2019Detailed filing. Detailed filing data is available for this year.$3.41$0.18$3.23$5.71$5.65$0.05
2018Detailed filing. Detailed filing data is available for this year.$3.46$0.28$3.18$5.74$5.53$0.21
2017Detailed filing. Detailed filing data is available for this year.$3.05$0.08$2.97$6.01$5.95$0.06
2016Detailed filing. Detailed filing data is available for this year.$3.15$0.24$2.91$5.58$5.34$0.24
2015Detailed filing. Detailed filing data is available for this year.$2.86$0.18$2.68$4.51$4.75$0.24
2014Detailed filing. Detailed filing data is available for this year.$3.25$0.33$2.93$5.07$5.02$0.05
2013Summary only. Only limited summary data is available for this year.$3.15$0.28$2.87$2.62$2.79$0.17
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.19$0.15$3.04$4.19
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.09$0.10$1.99$4.16
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.29$0.04$1.25$4.30