Minnesota State Council on Economic Education

Nonprofit profile at a glance

EIN
416040647
IRS 990 coverage
2011–2024
Forms available
Form 990 2024
Location
St Paul, MN, USA
Phone
6126253727
Rating
84
Verdict
STRONG
Rating confidence
Moderate

Official website

Reported finances

Revenue
$926,584
Expenses
$960,279
Assets
$4,642,509
Liabilities
$76,945

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

32 people listed

Executive titles in this filing

  • JULIE BUNN (EXECUTIVE DIRECTOR)

Highest reported compensation

  • JULIE BUNN (EXECUTIVE DIRECTOR): $158,375 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Mcee equips minnesotans with the economic and personal financial knowledge and skills to make informed decisions and thrive in our complex world. We fulfill our mission by teaching teachers through top quality professional development and providing curriculum materials; by engaging students with challenging programs in economic and personal finance education; and by reaching communities through our community mentorship for financial capability program and other public outreach activities.

What it reported doing in 2024

Mcee reaches its goals by teaching teachers, engaging students, and reaching communities. In fy 2025, mcee provided 125 professional development workshops, with 245 unique hours of content, along with curriculum and other resources for 4,570 teachers giving them research-based knowledge, teaching techniques, and lessons to assure the 99,204 students they reach gain strong economic and personal financial knowledge for success through relevant and engaging real-world learning.in fy 2025, more than 1,500 students participated in mcee direct-to-student programs - virtual competitions, challenges, and institutes - moving their economic/personal finance knowledge and critical thinking skills to a higher level. Mcee works to help minnesotans understand and make sound economic choices, imprve indvidual personal financial situatios, and create economic stability and vitality in local communities. Mcee strives to reach all our diverse community, with several program focusing specifically on underserved populations.

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 94% 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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

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 expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 80
  • Transparency & Controls: 83
  • Accountability: 100
  • Sustainability: 47
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 87.6%; rating input score 88
  • Program expense ratio: 81.6%; rating input score 82
  • Fundraising efficiency: $10.04 raised per $1 spent on fundraising; rating input score 38; 38th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Missing
  • 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: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • 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: -3.6%; rating input score 27; 27th percentile among comparable filings
  • Total-asset coverage ratio: 4.83; rating input score 84; 84th percentile among comparable filings
  • Liabilities to assets ratio: 0.02; rating input score 64; 64th percentile among comparable filings
  • Officer compensation ratio: 16.5%; rating input score 20; 20th percentile among comparable filings

Growth

  • Program expense growth: 6.8% per year; rating input score 100; 51st percentile among comparable filings
  • Revenue growth: 11.6% per year; rating input score 100; 71st percentile among comparable filings
  • Asset growth: 13.3% per year; rating input score 100; 68th percentile among comparable filings

Details

  • Where the money goes: 87.6% of revenue deployed · 81.6% of spending went to programs
  • Governance: 28 of 28 board members independent · 8 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $784K in reported program spending
  • Leadership: top reported pay $158K · 32 people listed · 3 of 6 pay-setting controls reported
  • Consistency: 29 of 29 current checks pass
  • Schedules: 7 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 14 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • 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 38/100.
  • High — Sustainability: Operating margin scored 27/100.
  • High — Sustainability: Officer compensation ratio scored 20/100.