Florida Council on Economic Education Inc
Nonprofit profile at a glance
- EIN
- 591643458
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Location
- Tampa, FL, USA
- Phone
- 8132898489
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Economics
Reported finances
- Revenue
- $1,291,529
- Expenses
- $1,161,486
- Assets
- $796,516
- Liabilities
- $240,874
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
23 people listed
Executive titles in this filing
- SUZANNE COSTANZA (EXECUTIVE DIRECTOR)
Highest reported compensation
- SUZANNE COSTANZA (EXECUTIVE DIRECTOR): $118,875 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To prepare Florida's young people for personal and financial success through educational programs in economics, the free enterprise system, and personal financial literacy so that they become productive members of the workforce, responsible consumers, and wise investors.
What it reported doing in 2024
The Florida stock market challenge is an exciting way to engage elementary, middle, or high school students while presenting lessons across the curriculum of economics, social studies, math, reading comprehension, cte and personal finance. Established more than 25 years ago, the Florida stock market challenge gives k-12 students the opportunity to participate in an online investment simulation and manage a hypothetical $100,000 investment portfolio. Teams throughout the state compete against students at their same grade level for the best portfolio performance over a 10-week period and are awarded prizes at the end of both the fall and spring semesters.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 95% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 71
- Transparency & Controls: 90
- Accountability: 95
- Sustainability: 45
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 72.4%; rating input score 72
- Program expense ratio: 80.3%; rating input score 80
- Fundraising efficiency: $10.32 raised per $1 spent on fundraising; rating input score 39; 39th percentile among comparable filings
Transparency & Controls
- Consistency checks: 94.4%; rating input score 94; 26th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 7 of 8 controls in place; rating input score 88
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 10.1%; rating input score 61; 61st percentile among comparable filings
- Total-asset coverage ratio: 0.69; rating input score 31; 31st percentile among comparable filings
- Liabilities to assets ratio: 0.3; rating input score 24; 24th percentile among comparable filings
- Officer compensation ratio: 10.2%; rating input score 36; 36th percentile among comparable filings
Growth
- Program expense growth: 4.7% per year; rating input score 100; 41st percentile among comparable filings
- Revenue growth: 3.1% per year; rating input score 100; 31st percentile among comparable filings
- Asset growth: 7.6% per year; rating input score 100; 50th percentile among comparable filings
Details
- Where the money goes: 72.4% of revenue deployed · 80.3% of spending went to programs
- Governance: 22 of 22 board members independent · 7 of 8 filing controls reported
- Programs: 3 filed program accomplishments · $933K in reported program spending
- Leadership: top reported pay $119K · 23 people listed
- Consistency: 37 of 38 current checks pass · 1 finding to review
- Schedules: 6 filed schedules · includes major donors and grants
- Filing history: 14 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 4 filed money-flow records
- Related organizations: 3 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Fundraising efficiency scored 39/100.
- Review — Accountability: Governance controls: CEO compensation review process not reported.
- Moderate — Sustainability: Total-asset coverage ratio scored 31/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- High — Sustainability: Liabilities to assets ratio scored 24/100.
- Moderate — Sustainability: Officer compensation ratio scored 36/100.