Civic Intelligence

Georgia Council on Economic Education

EIN 58-1137332 • 501(c)3 • Atlanta, GA

Profile

The mission of the Georgia Council on Economic Education is to help teachers teach economics in the public and independent schools of Georgia.

75 Piedmont Avenue NE Suite 700Atlanta, GA 30303

www.gcee.org

Siviq Scores

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

Liabilities / Assets

9th percentile

0.00x

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

501(c)3 • $5M-$10M nonprofits • Source year 2025

Liabilities / Revenue

10th percentile

0.00x

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

501(c)3 • $5M-$10M nonprofits • Source year 2025

Net Margin

67th percentile

14%

Higher net margin than 67% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Top Officer Pay

77th percentile

$212,536

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 15.7% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Asset Growth

75th percentile

15%

Faster asset growth than 75% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Revenue Growth

70th percentile

22%

Faster revenue growth than 70% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Assets

Up

$7,225,259

Up $584,492 (+8.8%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$7,225,259

Up $584,492 (+8.8%) from 2023

Revenue

Down

$1,111,419

Down $81,257 (-6.8%) from 2023

Expenses

Down

$983,378

Down $56,087 (-5.4%) from 2023

Net Income

Down

$128,041

Down $25,170 (-16%) from 2023

Trend Graphs

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $2,931,848Liabilities 2010: $0Net Assets 2010: $2,931,8482010Assets 2011: $3,032,976Liabilities 2011: $0Net Assets 2011: $3,032,9762011Assets 2012: $3,074,275Liabilities 2012: $0Net Assets 2012: $3,074,2752012Assets 2013: $3,443,866Liabilities 2013: $0Net Assets 2013: $3,443,8662013Assets 2014: $3,685,555Liabilities 2014: $0Net Assets 2014: $3,685,5552014Assets 2015: $3,780,818Liabilities 2015: $0Net Assets 2015: $3,780,8182015Assets 2016: $3,971,132Liabilities 2016: $0Net Assets 2016: $3,971,1322016Assets 2017: $4,484,361Liabilities 2017: $0Net Assets 2017: $4,484,3612017Assets 2018: $4,341,288Liabilities 2018: $0Net Assets 2018: $4,341,2882018Assets 2019: $5,078,181Liabilities 2019: $0Net Assets 2019: $5,078,1812019Assets 2020: $5,691,089Liabilities 2020: $0Net Assets 2020: $5,691,0892020Assets 2021: $6,404,945Liabilities 2021: $0Net Assets 2021: $6,404,9452021Assets 2022: $5,900,591Liabilities 2022: $0Net Assets 2022: $5,900,5912022Assets 2023: $6,640,767Liabilities 2023: $0Net Assets 2023: $6,640,7672023Assets 2024: $7,225,259Liabilities 2024: $0Net Assets 2024: $7,225,2592024

Highlighted filing

2024

Assets$7,225,259
Liabilities$0
Net Assets$7,225,259

Operations Trend

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

$1.5M$1.0M$500K$0Expenses 2010: $1,136,6632010Expenses 2011: $1,184,5342011Expenses 2012: $1,158,7552012Revenue 2013: $1,206,959Expenses 2013: $1,025,928Net Income 2013: $181,0312013Revenue 2014: $1,237,548Expenses 2014: $1,029,240Net Income 2014: $208,3082014Revenue 2015: $1,262,937Expenses 2015: $1,067,104Net Income 2015: $195,8332015Revenue 2016: $1,300,269Expenses 2016: $1,231,375Net Income 2016: $68,8942016Revenue 2017: $1,118,449Expenses 2017: $913,936Net Income 2017: $204,5132017Revenue 2018: $1,124,168Expenses 2018: $979,761Net Income 2018: $144,4072018Revenue 2019: $1,313,530Expenses 2019: $1,036,657Net Income 2019: $276,8732019Revenue 2020: $1,058,148Expenses 2020: $801,474Net Income 2020: $256,6742020Revenue 2021: $1,048,495Expenses 2021: $801,614Net Income 2021: $246,8812021Revenue 2022: $1,187,409Expenses 2022: $980,124Net Income 2022: $207,2852022Revenue 2023: $1,192,676Expenses 2023: $1,039,465Net Income 2023: $153,2112023Revenue 2024: $1,111,419Expenses 2024: $983,378Net Income 2024: $128,0412024

Highlighted filing

2024

Revenue$1,111,419
Expenses$983,378
Net Income$128,041

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.23$0.00$7.23$1.11$0.98$0.13
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.64$0.00$6.64$1.19$1.04$0.15
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.90$0.00$5.90$1.19$0.98$0.21
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.40$0.00$6.40$1.05$0.80$0.25
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.69$0.00$5.69$1.06$0.80$0.26
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.08$0.00$5.08$1.31$1.04$0.28
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.34$0.00$4.34$1.12$0.98$0.14
2017Detailed filing. Detailed filing data is available for this year.$4.48$0.00$4.48$1.12$0.91$0.20
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.97$0.00$3.97$1.30$1.23$0.07
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.78$0.00$3.78$1.26$1.07$0.20
2014Detailed filing. Detailed filing data is available for this year.$3.69$0.00$3.69$1.24$1.03$0.21
2013Detailed filing. Detailed filing data is available for this year.$3.44$0.00$3.44$1.21$1.03$0.18
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.07$0.00$3.07$1.16
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.03$0.00$3.03$1.18
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.93$0.00$2.93$1.14
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 15, 2025
Return Version
2024v5.1
Gross Receipts
$1,111,419
Mission and Program Overview

Mission

The mission of the georgia council on economic education is to help k-12 teachers teach economics and personal finance in the public and independent schools of georgia.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$4,477,574$4,934,025▲ $456,451
Cash and Non-Interest-Bearing Accounts$2,163,193$1,291,234▼ $871,959
Savings and Temporary Cash Investments$0$1,000,000▲ $1,000,000
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$6,640,767$7,225,259▲ $584,492
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,650,562$5,166,948▲ $516,386
Net Assets With Donor Restrictions$1,990,205$2,058,311▲ $68,106
Total Net Assets Fund Balance$6,640,767$7,225,259▲ $584,492
Total Liabilities and Net Assets / Fund Balance$6,640,767$7,225,259▲ $584,492

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$4,477,574-▲ $456,452-$4,934,026
2023$3,890,609-▲ $586,965-$4,477,574
2022$4,500,304-▼ $609,695-$3,890,609
2021$3,907,676-▲ $592,628-$4,500,304
2020$4,784,404-▲ $424,955$1,301,683$3,907,676
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mike RaymerExecutive DirectorFT$153,653$53,398$207,051
Chris CannonAssociate DirectorFT$100,542$61,529$162,071
Revenue and Support

Revenue Composition

Contributions and Grants
$994,082
Program Service Revenue
$27,340
Investment Income
$89,997
Other Revenue
$0
All Other Contributions
$994,082
Change in Net Assets
$128,041

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,111,419
Revenue Not Reported on Form 990
$456,451
Total Revenue per Audited Statements
$1,567,870
Total Revenue per Form 990
$1,111,419
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$527,257
Other Expenses$456,121
Total Fundraising Expense$151,926
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$291,778--$291,778
Current Officers, Directors, Trustees, and Key Employees$10,396$51,981$145,545$207,922
Payroll Taxes$27,557--$27,557
Fees for Services Accounting-$18,722-$18,722
Information Technology$13,089$1,636$1,636$16,361
Office Expenses$1,530$4,486$1,079$7,095
Other Expenses$4,654$43,652-$4,654
Insurance-$4,547-$4,547
Advertising$1,508-$1,508$3,016
Travel$35-$2,158$2,193
Conferences and Meetings$1,637--$1,637
Total Functional Expenses$706,428$125,024$151,926$983,378

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$983,378
Total Expenses per Audited Statements$983,378
Total Expenses per Form 990$983,378
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

PART VI, Section A, Line 2

Mary Beth Coke & Kevin Brennan - Business relationship

Part VI, Section B, Line 11B

A copy of the 2024 form 990 will be distributed electronically to all voting members prior to the filing of the return.

Part VI, Section B, Line 12C

The executive director reviews all transactions and seeks guidance from the officers if there is any appearance of a conflict of interest.

Part VI, Section B, Line 15

The executive director's salary is determined by the chairman of the organization in consultation with the dean of college of business administration at the georgia state university. Salaries for all employees, other than the executive director, are determined in consultation with the executive director by human resources at georgia state university.

Part VI, Section C, Line 19

The council makes its governing documents, conflict of interest policy and financial statements available to the public upon request to the executive director.

Filing and Contact Details

Filer

Filer Name
Georgia Council on Economic Education
EIN
58-1137332
In Care Of
% MICHAEL B RAYMER
Phone
4044137820
Address
75 PIEDMONT AVENUE NE SUITE 700, ATLANTA, GA 30303

Signing Officer

Name
Mike Raymer
Title
Executive Director
Phone
4044137820
Signed
2025-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mike Raymer
Formed
1972
Legal Domicile
Ga
Voting Board Members
42
Independent Board Members
42
Employees
4
Volunteers
85

Preparer

Firm
Smith & Howard Advisory LLC
Address
271 17TH STREET NW SUITE 2100, ATLANTA, GA 30363
Preparer
Sabre J Linahan
Phone
4048746244
Supplemental Narrative

Financial Statement Notes

Schedule D, Part V, Line 4

There are three endowment funds. 1) The General Endowment Fund at the Community Foundation of Greater Atlanta was created to generate general operating income and another income stream. 2) The Board-Designated Endowment Fund is intended to serve as a reserve fund with policies in place that dictate how much can be used when needed. 3) The James D. Compton Endowment Fund is to be used to benefit teachers in specific coastal Georgia counties.

Schedule D, Part X, Line 2

The Council is exempt from federal income taxes under the provisions of Section 501(c)(3) of the Internal Revenue Code. The Council annually evaluates all federal and state income tax positions. This process includes an analysis of whether these income tax positions the Council takes meet the definition of an uncertain tax position under the Income Tax Topic of the Financial Accounting Standards Codification. The Council is no longer subject to tax examinations for tax years ending before December 31, 2021.

Raw XML AppendixShowing 400 of 857 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0WORKSHOPS: THE COUNCIL SUPPORTS TWELVE CENTERS FOR ECONOMIC EDUCATION ON COLLEGE AND UNIVERSITY CAMPUSES IN GEORGIA. IT CONDUCTS WORKSHOPS TO ASSIST TEACHERS WITH ECONOMIC CONCEPTS AND TEACHING METHODS. THE COUNCIL HAS DELIVERED 178 WORKSHOPS AND SERVED 3,353 TEACHERS DURING 2024.
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