Form990
Click to see attachment
Department of the Treasury
Internal Revenue Service
Return of Organization Exempt From Income Tax
Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except black lung benefit trust or private foundation)

MediumBullet The organization may have to use a copy of this return to satisfy state reporting requirements.
OMB No. 1545-0047
2010
Open to Public Inspection
A For the calendar year, or tax year beginning 01-01-2010 and ending 12-31-2010
BCheck if applicable:
CName of organization
Council for Economic Education
 
Doing Business As
 
 
Number and street (or P.O. box if mail is not delivered to street address)
122 E 42nd Street Room 2600
 
Room/suite
City or town, state or country, and ZIP + 4
New York, NY101682699
D Employer identification number

13-1623848
E Telephone number

G Gross receipts $ 10,071,316
F Name and address of principal officer:
Nan J Morrison
122 E 42nd Street Room 2600
New York,NY101682699
I
Tax-exempt status: (   ) LeftBullet (insert no.) or
J
Website:MediumBullet
www.councilforeconed.org
H(a)
Is this a group return for
affiliates?
H(b)
Are all affiliates included?
If "No," attach a list. (see instructions)
H(c)
Group exemption number MediumBullet  
K Form of organization:
 
L Year of formation: 1949
M State of legal domicile: DC
Part I
Summary
Activities & Governance 1 Briefly describe the organization’s mission or most significant activities: TO ADVOCATE FOR BETTER AND GREATER SCHOOL-BASED ECONOMIC AND PERSONAL FINANCE EDUCATION AT THE K-12 LEVEL AND TO EMPOWER YOUNG PEOPLE AROUND THE WORLD, THROUGH WELL-PREPARED TEACHERS, WITH economic LITERACY.
2 Check this box MediumBullet
3 Number of voting members of the governing body (Part VI, line 1a) .... 3 26
4 Number of independent voting members of the governing body (Part VI, line 1b) .... 4 26
5 Total number of individuals employed in calendar year 2010 (Part V, line 2a) ... 5 36
6 Total number of volunteers (estimate if necessary) .... 6 15
7a Total unrelated business revenue from Part VIII, column (C), line 12 .. 7a 0
b Net unrelated business taxable income from Form 990-T, line 34 .. 7b 0
Revenues; Prior Year Current Year
8 Contributions and grants (Part VIII, line 1h) ......... 9,269,180 8,876,879
9 Program service revenue (Part VIII, line 2g) ......... 0 0
10 Investment income (Part VIII, column (A), lines 3, 4, and 7d ) .... 30,271 15,878
11 Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e) 1,062,626 390,989
12 Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)................... 10,362,077 9,283,746
Expenses; 13 Grants and similar amounts paid (Part IX, column (A), lines 1–3 )... 3,760,572 3,192,621
14 Benefits paid to or for members (Part IX, column (A), line 4) .... 0 0
15 Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10) 3,730,442 3,065,698
16a Professional fundraising fees (Part IX, column (A), line 11e).... 0 0
b Total fundraising expenses (Part IX, column (D), line 25) MediumBullet397,267    
17 Other expenses (Part IX, column (A), lines 11a–11d, 11f–24f).... 5,142,859 4,209,568
18 Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25) 12,633,873 10,467,887
19 Revenue less expenses. Subtract line 18 from line 12...... -2,271,796 -1,184,141
Net Assets or Fund Balances; Beginning of Current Year End of Year
20 Total assets (Part X, line 16)............ 6,279,839 4,753,883
21 Total liabilities (Part X, line 26)............ 1,404,381 1,021,955
22 Net assets or fund balances. Subtract line 21 from line 20 ..... 4,875,458 3,731,928
Part II
Signature Block
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than officer) is based on all information of which preparer has any knowledge.
Sign Here
JumboBullet
Signature of officer Date
JumboBullet
Type or print name and title.
Paid Preparer's Use Only Preparer's
signatureBig Right Arrow 		Date
right pointing bullet image Preparer’s taxpayer identification number
(see instructions)
Firm’s name (or yours
if self-employed),
address, and ZIP + 4Big Right Arrow




 		EIN right pointing bullet image
Phone no. right pointing bullet image
May the IRS discuss this return with the preparer shown above? (see instructions) .........
For Privacy Act and Paperwork Reduction Act Notice, see the separate instructions.
Cat. No. 11282Y
Form 990 (2010)
Form 990 (2010)
Page 2
Part III
Statement of Program Service Accomplishments
Check if Schedule O contains a response to any question in this Part III . . . . . . . . . .
1
Briefly describe the organization’s mission: VISION: THE COUNCIL FOR ECONOMIC EDUCATION ENVISIONS A WORLD IN WHICH PEOPLE ARE EMPOWERED THROUGH ECONOMIC AND FINANCIAL LITERACY TO MAKE INFORMED AND RESPONSIBLE CHOICES THROUGHOUT THEIR LIVES AS CONSUMERS, SAVERS, INVESTORS, WORKERS, CITIZENS, AND PARTICIPANTS IN OUR GLOBAL ECONOMY. MISSION: THE MISSION OF THE COUNCIL FOR ECONOMIC EDUCATION IS TWO-FOLD: TO ADVOCATE FOR BETTER AND GREATER SCHOOL-BASED ECONOMIC AND PERSONAL FINANCE EDUCATION AT THE K-12 LEVEL; AND TO EDUCATE YOUNG PEOPLE IN THE UNITED STATES AND AROUND THE WORLD, PRIMARILY THROUGH WELL-PREPARED TEACHERS, SO THEY MAY BECOME EMPOWERED WITH ECONOMIC AND FINANCIAL LITERACY. DESCRIPTION: THE COUNCIL FOR ECONOMIC EDUCATION OFFERS COMPREHENSIVE, BEST-IN-CLASS K-12 ECONOMIC AND PERSONAL FINANCE EDUCATION PROGRAMS, INCLUDING THE BASICS OF ENTREPRENEURSHIP, CONSISTING OF TEACHING RESOURCES ACROSS THE CURRICULUM, PROFESSIONAL DEVELOPMENT FOR TEACHERS, AND NATIONALLY-NORMED ASSESSMENT INSTRUMENTS. EACH YEAR, THE COUNCIL'S PROGRAM
2
Did the organization undertake any significant program services during the year which were not listed on
the prior Form 990 or 990-EZ? ....................
If “Yes,” describe these new services on Schedule O.
3
Did the organization cease conducting, or make significant changes in how it conducts, any program services? ..........................
If “Yes,” describe these changes on Schedule O.
4
Describe the exempt purpose achievements for each of the organization’s three largest program services by expenses.
Section 501(c)(3) and 501(c)(4) organizations and section 4947(a)(1) trusts are required to report the amount of grants and allocations to others, the total expenses, and revenue, if any, for each program service reported.
4a (Code:   ) (Expenses $ 3,105,758 including grants of $ 1,159,310 ) (Revenue $ 0 )
core programs - SEEKS TO IMPROVE THE QUALITY OF ECONOMIC EDUCATION IN AMERICA'S SCHOOLS. EACH YEAR, THROUGH BOTH A NATIONWIDE NETWORK AND DIRECTLY, BY USING STANDARDS-SETTING MATERIALS AND RESOURCES, THOUSANDS OF TEACHERS ARE ABLE TO TEACH MILLIONS OF STUDENTS HOW THE "REAL" WORLD WORKS BEFORE THEY GO TO WORK IN IT.
4b (Code:   ) (Expenses $ 4,324,906 including grants of $ 0 ) (Revenue $ 0 )
ECONOMICS INTERNATIONAL: FUNDED BY GRANTS FROM THE U.S. DEPT. OF EDUCATION, OFFICE OF SAFE AND DRUG FREE SCHOOL, SUPPORTS EDUCATIONAL REFORM IN TRANSITION ECONOMIES AND EMERGING MARKET ECONOMIES BY CREATING INSTRUCTIONAL MATERIALS, CONDUCTING TEACHER TRAINING AND PROMOTING EDUCATIONAL EXCHANGE.
4c (Code:   ) (Expenses $ 29,804 including grants of $ 0 ) (Revenue $ 0 )
PROGRAM DEVELOPMENT, COORDINATION AND OVERSIGHT - CONCEIVES, DEVELOPS, OVERSEES AND ASSESSES THE EFFECTIVENESS OF ALL PROGRAMS INCLUDING IDENTIFYING NEED, MONITORING PROJECT PROGRESS AND SATUS, CONDUCTING RESEARCH AND USING ASSESSMENTS TO EVALUATE PROGRAM EFFECTIVENESS.
(Code:   ) (Expenses $   including grants of $   ) (Revenue $   )
OTHER PROGRAMS DESIGNED TO
(Code:   ) (Expenses $ 485,674 including grants of $ 0 ) (Revenue $ 0 )
ADVANCE EDUCATION AMONG STUDENTS
4d Other program services. (Describe in Schedule O.)
(Expenses $ 485,674 including grants of $ 0 ) (Revenue $ 0 )
4e Total program service expensesMediumBullet$ 7,946,142
Form 990 (2010)
Form 990 (2010)
Page 3
Part IV
Checklist of Required Schedules
Yes
No
1
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)? If “Yes,” complete Schedule AClick to see attachment.....................
1
Yes
 
2
Is the organization required to complete Schedule B, Schedule of Contributors? Click to see attachment........
2
Yes
 
3
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office? If “Yes,” complete Schedule C, Part IClick to see attachment..........
3
 
No
4
Section 501(c)(3) organizations. Did the organization engage in lobbying activities? If “Yes,” complete Schedule C,
Part IIClick to see attachment.........................
4
Yes
 
5
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19? If “Yes,” complete Schedule C, Part III........................
5
 
 
6
Did the organization maintain any donor advised funds or any similar funds or accounts where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts? If “Yes,” complete
Schedule D, Part IClick to see attachment.......................
6
 
No
7
Did the organization receive or hold a conservation easement, including easements to preserve open space,
the environment, historic land areas or historic structures? If “Yes,” complete Schedule D, Part IIClick to see attachment...
7
 
No
8
Did the organization maintain collections of works of art, historical treasures, or other similar assets? If “Yes,” complete Schedule D, Part III Click to see attachment....................
8
 
No
9
Did the organization report an amount in Part X, line 21; serve as a custodian for amounts not listed in Part X; or provide credit counseling, debt management, credit repair, or debt negotiation services? If “Yes,”
complete Schedule D, Part IVClick to see attachment...................
9
 
No
10
Did the organization, directly or through a related organization, hold assets in term, permanent,or quasi-endowments? If “Yes,” complete Schedule D, Part VClick to see attachment
10
 
No
11
If the organization’s answer to any of the following questions is ‘Yes,’ then complete Schedule D, Parts VI, VII, VIII, IX, or X as applicable:
a
Did the organization report an amount for land, buildings, and equipment in Part X, line10? If “Yes,” complete Schedule D, Part VI.Click to see attachment
11a
Yes
 
b
Did the organization report an amount for investments—other securities in Part X, line 12 that is 5% or more of its total assets reported in Part X, line 16? If “Yes,” complete Schedule D, Part VII.Click to see attachment
11b
 
No
c
Did the organization report an amount for investments—program related in Part X, line 13 that is 5% or more of its total assets reported in Part X, line 16? If “Yes,” complete Schedule D, Part VIII.Click to see attachment
11c
 
No
d
Did the organization report an amount for other assets in Part X, line 15 that is 5% or more of its total assets reported in Part X, line 16? If “Yes,” complete Schedule D, Part IX.Click to see attachment
11d
 
No
e
Did the organization report an amount for other liabilities in Part X, line 25? If “Yes,” complete Schedule D, Part X.Click to see attachment
11e
Yes
 
f
Did the organization’s separate or consolidated financial statements for the tax year include a footnote that addresses the organization’s liability for uncertain tax positions under FIN 48 (ASC 740)? If “Yes,” complete Schedule D, Part X.Click to see attachment
11f
Yes
 
12a
Did the organization obtain separate, independent audited financial statements for the tax year? If “Yes,” complete Schedule D, Parts XI, XII, and XIII Click to see attachment
12a
Yes
 
b
Was the organization included in consolidated, independent audited financial statements for the tax year? If “Yes,” and if the organization answered ‘No’ to line 12a, then completing Schedule D, Parts XI, XII, and XIII is optional Click to see attachment
12b
 
No
13
Is the organization a school described in section 170(b)(1)(A)(ii)? If “Yes,” complete Schedule E
13
 
No
14a
Did the organization maintain an office, employees, or agents outside of the United States?....
14a
 
No
b
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, and program service activities outside the United States? If “Yes,” complete Schedule F, Part I......... Click to see attachment
14b
Yes
 
15
Did the organization report on Part IX, column (A), line 3, more than $5,000 of grants or assistance to any organization or entity located outside the U.S.? If “Yes,” complete Schedule F, Part II.. Click to see attachment
15
Yes
 
16
Did the organization report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or assistance to individuals located outside the U.S.? If “Yes,” complete Schedule F, Part III.. Click to see attachment
16
Yes
 
17
Did the organization report a total of more than $15,000, of expenses for professional fundraising services on Part IX, column (A), lines 6 and 11e? If “Yes,” complete Schedule G, Part IClick to see attachment
17
 
No
18
Did the organization report more than $15,000 total of fundraising event gross income and contributions on Part VIII, lines 1c and 8a? If “Yes,” complete Schedule G, Part II.......... Click to see attachment
18
Yes
 
19
Did the organization report more than $15,000 of gross income from gaming activities on Part VIII, line 9a? If “Yes,” complete Schedule G, Part III................... Click to see attachment
19
 
No
Form 990 (2010)
Form 990 (2010)
Page 4
Part IV
Checklist of Required Schedules (continued)
20a
Did the organization operate one or more hospitals? If “Yes,” complete Schedule H.....
20a
 
No
b
Did the organization attach its audited financial statement to this return? Note: All Form 990 filers that operate one or more hospitals must attach audited financial statements. .....
20b
 
 
21
Did the organization report more than $5,000 of grants and other assistance to governments and organizations in the United States on Part IX, column (A), line 1? If “Yes,” complete Schedule I, Parts I and II.. Click to see attachment
21
Yes
 
22
Did the organization report more than $5,000 of grants and other assistance to individuals in the United States on Part IX, column (A), line 2? If “Yes,” complete Schedule I, Parts I and III..... Click to see attachment
22
Yes
 
23
Did the organization answer “Yes” to Part VII, Section A, questions 3, 4, or 5, about compensation of the organization’s current and former officers, directors, trustees, key employees, and highest compensated employees? If “Yes,” complete Schedule J................ Click to see attachment
23
Yes
 
24a
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002? If “Yes,” answer questions 24b–24d and complete Schedule K. If “No,” go to line 25................
24a
 
No
b
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?...
24b
 
 
c
Did the organization maintain an escrow account other than a refunding escrow at any time during the year
to defease any tax-exempt bonds?......................
24c
 
 
d
Did the organization act as an “on behalf of” issuer for bonds outstanding at any time during the year?...
24d
 
 
25a
Section 501(c)(3) and 501(c)(4) organizations. Did the organization engage in an excess benefit transaction with a disqualified person during the year? If “Yes,” complete Schedule L, Part I......
25a
 
No
b
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization’s prior Forms 990 or 990-EZ? If “Yes,” complete Schedule L, Part I................
25b
 
No
26
Was a loan to or by a current or former officer, director, trustee, key employee, highly compensated employee, or disqualified person outstanding as of the end of the organization’s tax year? If “Yes,” complete Schedule L,
Part II...........................
26
 
No
27
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor, or a grant selection committee member, or to a person related to such an individual? If “Yes,” complete Schedule L, Part III...............
27
 
No
28
Was the organization a party to a business transaction with one of the following parties? (see Schedule L, Part IV instructions for applicable filing thresholds, conditions, and exceptions):
a
A current or former officer, director, trustee, or key employee? If “Yes,” complete Schedule L, Part IV .........................
28a
 
No
b
A family member of a current or former officer, director, trustee, or key employee? If “Yes,”
complete Schedule L, Part IV...................
28b
 
No
c
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or owner? If “Yes,” complete Schedule L, Part IV..
28c
 
No
29
Did the organization receive more than $25,000 in non-cash contributions? If “Yes,” complete Schedule M
29
 
No
30
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions? If “Yes,” complete Schedule M............
30
 
No
31
Did the organization liquidate, terminate, or dissolve and cease operations? If “Yes,” complete Schedule N,
Part I...........................
31
 
No
32
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets? If “Yes,” complete Schedule N, Part II.......................
32
 
No
33
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3? If “Yes,” complete Schedule R, Part I........
33
 
No
34
Was the organization related to any tax-exempt or taxable entity? If “Yes,” complete Schedule R, Parts II, III, IV, and V, line 1.....................
34
 
No
35
Is any related organization a controlled entity within the meaning of section 512(b)(13)? .....
35
 
No
a
Did the organization receive any payment from or engage in any transaction with a controlled entity within the meaning of section 512(b)(13)? If “Yes,” complete Schedule R, Part V, line 2...
36
Section 501(c)(3) organizations. Did the organization make any transfers to an exempt non-charitable related organization? If “Yes,” complete Schedule R, Part V, line 2...........
36
 
No
37
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes? If “Yes,” complete Schedule R, Part VI
37
 
No
38
Did the organization complete Schedule O and provide explanations in Schedule O for Part VI, lines 11 and 19? Note. All Form 990 filers are required to complete Schedule O. ............
38
Yes
 
Form 990 (2010)
Form 990 (2010)
Page 5
Part V
Statements Regarding Other IRS Filings and Tax Compliance
Check if Schedule O contains a response to any question in this Part V . . . . . . . . . .
Yes
No
1a
Enter the number reported in Box 3 of Form 1096. Enter -0- if not applicable. .......
1a
160
b
Enter the number of Forms W-2G included in line 1a. Enter -0- if not applicable.
1b
0
c
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners? ..................
1c
Yes
 
2a
Enter the number of employees reported on Form W-3, Transmittal of Wage and Tax Statements filed for the calendar year ending with or within the year covered by this return .....................
2a
36
b
If at least one is reported on line 2a, did the organization file all required federal employment tax returns?

Note. If the sum of lines 1a and 2a is greater than 250, you may be required to e-file. (see instructions)
2b
Yes
 
3a
Did the organization have unrelated business gross income of $1,000 or more during the year?.............................
3a
 
No
b
If “Yes,” has it filed a Form 990-T for this year? If “No,” provide an explanation in Schedule O.....
3b
 
 
4a
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account or securities account)?.......................
4a
 
No
b
If "Yes," enter the name of the foreign country: MediumBullet
See instructions for filing requirements for Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts.
5a
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?..
5a
 
No
b
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?
5b
 
No
c
If “Yes” to line 5a or 5b, did the organization file Form 8886-T? ........
5c
 
 
6a
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible?..........
6a
 
No
b
If “Yes,” did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?........................
6b
 
 
7
Organizations that may receive deductible contributions under section 170(c).
a
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?....................
7a
Yes
 
b
If “Yes,” did the organization notify the donor of the value of the goods or services provided?.....
7b
Yes
 
c
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?...........................
7c
 
No
d
If “Yes,” indicate the number of Forms 8282 filed during the year ....
7d
 
e
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?..........................
7e
 
No
f
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?..
7f
 
No
g
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?...................
7g
 
 
h
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?...............
7h
 
 
8
Sponsoring organizations maintaining donor advised funds and section 509(a)(3) supporting organizations. Did the supporting organization, or a donor advised fund maintained by a sponsoring organization, have excess business holdings at any time during the year?................
8
 
 
9
Sponsoring organizations maintaining donor advised funds.
a
Did the organization make any taxable distributions under section 4966?.........
9a
 
 
b
Did the organization make a distribution to a donor, donor advisor, or related person?......
9b
 
 
10
Section 501(c)(7) organizations. Enter:
a
Initiation fees and capital contributions included on Part VIII, line 12 ...
10a
 
b
Gross receipts, included on Form 990, Part VIII, line 12, for public use of club facilities
10b
 
11
Section 501(c)(12) organizations. Enter:
a
Gross income from members or shareholders .........
11a
 
b
Gross income from other sources (Do not net amounts due or paid to other sources against amounts due or received from them.) ........
11b
 
12a
Section 4947(a)(1) non-exempt charitable trusts. Is the organization filing Form 990 in lieu of Form 1041?
12a
 
 
b
If “Yes,” enter the amount of tax-exempt interest received or accrued during the year.
12b
 
13
Section 501(c)(29) qualified nonprofit health insurance issuers.
a
Is the organization licensed to issue qualified health plans in more than one state?
Note. All 501(c)(29) organizations must list in Schedule O each state in which they are licensed to issue qualified health plans, the amount of reserves required by each state, and the amount of reserves the organization allocated to each state.
13a
 
 
b
Enter the aggregate amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans.
13b
 
c
Enter the aggregate amount of reserves on hand.
13c
 
14a
Did the organization receive any payments for indoor tanning services during the tax year?.....
14a
 
 
b
If "Yes," has it filed a Form 720 to report these payments? If “No,” provide an explanation in Schedule O..
14b
 
 
Form 990 (2010)
Form 990 (2010)
Page 6
Part VI
Governance, Management, and Disclosure For each “Yes” response to lines 2 through 7b below, and for a “No” response to lines 8a, 8b, or 10b below, describe the circumstances, processes, or changes in Schedule O. See instructions.
Check if Schedule O contains a response to any question in this Part VI . . . . . . . . . .
Section A. Governing Body and Management
Yes
No
1a
Enter the number of voting members of the governing body at the end of the tax year ..............
1a
26
b
Enter the number of voting members included in line 1a, above, who are independent .................
1b
26
2
Did any officer, director, trustee, or key employee have a family relationship or a business relationship with any other officer, director, trustee, or key employee? .................
2
 
No
3
Did the organization delegate control over management duties customarily performed by or under the direct supervision of officers, directors or trustees, or key employees to a management company or other person? ..
3
 
No
4
Did the organization make any significant changes to its governing documents since the prior Form 990 was filed?
4
 
No
5
Did the organization become aware during the year of a significant diversion of the organization’s assets? .
5
 
No
6
Does the organization have members or stockholders? ................
6
 
No
7a
Does the organization have members, stockholders, or other persons who may elect one or more members of the governing body? .........................
7a
 
No
b
Are any decisions of the governing body subject to approval by members, stockholders, or other persons? ..
7b
 
No
8
Did the organization contemporaneously document the meetings held or written actions undertaken during the year by the following:
a
The governing body? .........................
8a
Yes
 
b
Each committee with authority to act on behalf of the governing body? ............
8b
Yes
 
9
Is there any officer, director, trustee, or key employee listed in Part VII, Section A, who cannot be reached at the organization’s mailing address? If “Yes,” provide the names and addresses in Schedule O .....
9
 
No
Section B. Policies (This Section B requests information about policies not required by the Internal
Revenue Code.)
Yes
No
10a
Does the organization have local chapters, branches, or affiliates? ............
10a
 
No
b
If “Yes,” does the organization have written policies and procedures governing the activities of such chapters, affiliates, and branches to ensure their operations are consistent with those of the organization? ....
10b
 
 
11a
Has the organization provided a copy of this Form 990 to all members of its governing body before filing the form?
11a
Yes
 
b
Describe in Schedule O the process, if any, used by the organization to review the Form 990. .....
12a
Does the organization have a written conflict of interest policy? If “No,” go to line 13.......
12a
Yes
 
b
Are officers, directors or trustees, and key employees required to disclose annually interests that could give rise to conflicts? ...........................
12b
Yes
 
c
Does the organization regularly and consistently monitor and enforce compliance with the policy? If “Yes,” describe in Schedule O how this is done ....................
12c
Yes
 
13
Does the organization have a written whistleblower policy? ...............
13
Yes
 
14
Does the organization have a written document retention and destruction policy? .........
14
Yes
 
15
Did the process for determining compensation of the following persons include a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision?
a
The organization’s CEO, Executive Director, or top management official ...........
15a
Yes
 
b
Other officers or key employees of the organization ................
15b
Yes
 
If "Yes" to line a or b, describe the process in Schedule O. (See instructions.)
16a
Did the organization invest in, contribute assets to, or participate in a joint venture or similar arrangement with a taxable entity during the year? ......................
16a
 
No
b
If “Yes,” has the organization adopted a written policy or procedure requiring the organization to evaluate its participation in joint venture arrangements under applicable federal tax law, and taken steps to safeguard the organization’s exempt status with respect to such arrangements? ............
16b
 
 
Section C. Disclosure
17
List the States with which a copy of this Form 990 is required to be filedMediumBullet
NY
18
Section 6104 requires an organization to make its Form 1023 (or 1024 if applicable), 990, and 990-T (501(c)(3)s only) available for public inspection. Indicate how you make these available. Check all that apply.
19
Describe in Schedule O whether (and if so, how), the organization makes its governing documents, conflict of interest policy, and financial statements available to the public.
20
State the name, physical address, and telephone number of the person who possesses the books and records of the organization: MediumBullet
BELLA BOKMAN
122 E 42ND STREET ROOM 2600
New York,NY101682699
(212) 730-7007
Form 990 (2010)
Form 990 (2010)
Page 7
Part VII
Compensation of Officers, Directors,Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
Check if Schedule O contains a response to any question in this Part VII . . . . . . . . . .
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
1a Complete this table for all persons required to be listed. Report compensation for the calendar year ending with or within the organization’s tax year.
RoundBullet List all of the organization’s current officers, directors, trustees (whether individuals or organizations), regardless of amount
of compensation, and current key employees. Enter -0- in columns (D), (E), and (F) if no compensation was paid.

RoundBullet List all of the organization’s current key employees, if any. See instructions for definition of "key employee."
RoundBullet List the organization’s five current highest compensated employees (other than an officer, director, trustee or key employee)
who received reportable compensation (Box 5 of Form W-2 and/or Box 7 of Form 1099-MISC) of more than $100,000 from the
organization and any related organizations.

RoundBullet List all of the organization’s former officers, key employees, or highest compensated employees who received more than $100,000
of reportable compensation from the organization and any related organizations.

RoundBullet List all of the organization’s former directors or trustees that received, in the capacity as a former director or trustee of the
organization, more than $10,000 of reportable compensation from the organization and any related organizations.

List persons in the following order: individual trustees or directors; institutional trustees; officers; key employees; highest
compensated employees; and former such persons.
Check this box if neither the organization nor any related organizations compensated any current or former officer, director, or trustee.
(A)
Name and Title 		(B)
Average hours per week (describe hours for related organizations in Schedule O) 		(C)
Position (check all that apply) 		(D)
Reportable compensation from the organization (W- 2/1099-MISC) 		(E)
Reportable compensation from related organizations (W- 2/1099-MISC) 		(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; Officer; Key Employee; Highest compensated employee; Former;
(1) Michael E Bannister
director
 1.0 X           0 0 0
(2) Ivan Berkowitz
director
 1.0 X           0 0 0
(3) Harold Burson
director (NON-voting)
 1.0 X           0 0 0
(4) Robert Alan Chlebowski
director
 1.0 X           0 0 0
(5) Mary Crego
director
 1.0 X           0 0 0
(6) John T Dillon
director (Non-voting)
 1.0 X           0 0 0
(7) Craig S Donohue
Chairman
 1.0 X   X       0 0 0
(8) Lisa Egbuonu Davis
director
 1.0 X           0 0 0
(9) Sharon Epperson
Director
 1.0 X           0 0 0
(10) Benjamin Friedman
director
 1.0 X           0 0 0
(11) Claire Gaudiani
director
 1.0 X           0 0 0
(12) Barry Haimes
Vice Chairman
 1.0 X   X       0 0 0
(13) Julia A Heath
director
 1.0 X           0 0 0
(14) Jennifer Just
director
 1.0 X           0 0 0
(15) Harlan Day
director
 1.0 X           0 0 0
(16) Michael A MacDowell
director
 1.0 X           0 0 0
(17) Raymond W McDaniel
director
 1.0 X           0 0 0
Form 990 (2010)
Form 990 (2010)
Page 8
Part VII
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees (continued)
(A)
Name and Title 		(B)
Average hours per week (describe hours for related organizations in Schedule O) 		(C)
Position (check all that apply) 		(D)
Reportable compensation from the organization (W- 2/1099-MISC) 		(E)
Reportable compensation from related organizations (W- 2/1099-MISC) 		(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; Officer; Key Employee; Highest compensated employee; Former;
(18) Harold McGraw III
director (Non-voting)
 1.0 X           0 0 0
(19) R Madison Murphy
Director (Non-Voting)
 1.0 X           0 0 0
(20) William E Odom
director (Non-voting)
 1.0 X           0 0 0
(21) Aryeh Rubin
director
 1.0 X           0 0 0
(22) S Buford Scott
Secretary
 1.0 X   X       0 0 0
(23) John Siegfried
director
 1.0 X           0 0 0
(24) Matthew Smith
director
 1.0 X           0 0 0
(25) Jeffrey M Lacker
director
 1.0 X           0 0 0
(26) Gary H Stern
director
 1.0 X           0 0 0
(27) Kenneth L Thome
Treasurer
 1.0 X   X       0 0 0
(28) Doug Woodham
Vice Chairman
 1.0 X   X       0 0 0
(29) Nan J Morrison
President & CEO
 35.0 X   X       233,638 0 0
(30) Simon Mendelson
Director
 1.0 X           0 0 0
(31) Cathy E Minehan
Director
 1.0 X           0 0 0
(32) Joseph A Peri
EVP & COO (through 2/10)
 35.0     X       38,872 0 0
(33) Renee M Colombo
VP OF Development (thru 12/31)
 35.0       X     167,887 0 21,171
(34) Patricia K Elder
VP-International (thru 08/10)
 35.0       X     267,698 0 10,640
(35) Christopher M Caltabiano
VP of Program Admin
 35.0         X   125,239 0 10,625
(36) Igor Kurochkin
Dir - Info Tech
 35.0         X   119,357 0 25,472
1b Sub-Total................MediumBullet
c Total from continuation sheets to Part VII, Section A....MediumBullet
d Total (add lines 1b and 1c)............MediumBullet 952,691 0 67,908
2
Total number of individuals (including but not limited to those listed above) who received more than $100,000 in reportable compensation from the organizationMediumBullet5
Yes
No
3
Did the organization list any former officer, director or trustee, key employee, or highest compensated employee on line 1a? If “Yes,” complete Schedule J for such individual .............
3
 
No
4
For any individual listed on line 1a, is the sum of reportable compensation and other compensation from the organization and related organizations greater than $150,000? If “Yes,” complete Schedule J for such individual...........................
4
Yes
 
5
Did any person listed on line 1a receive or accrue compensation from any unrelated organization or individual for services rendered to the organization? If “Yes,” complete Schedule J for such person .....
5
 
No
Section B. Independent Contractors
1
Complete this table for your five highest compensated independent contractors that received more than $100,000 of compensation from the organization.
(A)
Name and business address 		(B)
Description of services 		(C)
Compensation
GRAPHIC EXECUTIONS INC
333 Hudson Street 6th Fl
NEW YORK,NY10013 		Marketing Services 149,999
MACRO INTERNATIONAL INC
PO BOX 8500-7030
PHILADELPHIA,PA19178 		PRGM & EVAL SVS 126,982
Bridget Elias
146 Sterling Place
BROOKLYN,NY11217 		Management 126,367
2
Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 in compensation from the organization MediumBullet3
Form 990 (2010)
Form 990 (2010)
Page 9
Part VIII
Statement of Revenue
(A)
Total revenue 		(B)
Related or
exempt
function
revenue 		(C)
Unrelated
business
revenue 		(D)
Revenue
excluded from
tax under sections
512, 513, or 514
Contributions, gifts, grants and other similar amounts 1a Federated campaigns..1a  
b Membership dues....1b  
c Fundraising events....1c 359,600
d Related organizations...1d  
e Government grants (contributions)1e 6,427,551
f All other contributions, gifts, grants, and
similar amounts not included above1f 		2,089,728
g Noncash contributions included in lines 1a-1f:$  
h Total. Add lines 1a-1f.......MediumBullet 8,876,879
Program Service Revenue Business Code
2a
b
c
d
e
f All other program service revenue .        
g Total. Add lines 2a–2f........MediumBullet 0
Other Revenue 3 Investment income (including dividends, interest
and other similar amounts).....MediumBullet 15,878     15,878
4 Income from investment of tax-exempt bond proceeds..MediumBullet 0      
5 Royalties............MediumBullet 0      
(i) Real (ii) Personal
6a Gross Rents    
b Less: rental expenses    
c Rental income or (loss)    
d Net rental income or (loss).......MediumBullet        
(i) Securities (ii) Other
7a Gross amount from sales of assets other than inventory    
b Less: cost or other basis and sales expenses    
c Gain or (loss)    
d Net gain or (loss)..........MediumBullet 0      
8a Gross income from fundraising events (not including
$ 359,600
of contributions reported on line 1c). See Part IV, line 18 ...
a 42,000
b Less: direct expenses ...b 132,482
c Net income or (loss) from fundraising events..MediumBullet -90,482   -90,482
9a Gross income from gaming activities.
See Part IV, line 19 ...
a  
b Less: direct expenses ...b  
c Net income or (loss) from gaming activities...MediumBullet 0      
10a Gross sales of inventory, less
returns and allowances .
a 1,102,514
b Less: cost of goods sold ..b 655,088
c Net income or (loss) from sales of inventory..MediumBullet 447,426     447,426
Miscellaneous Revenue Business Code
11a OTHER INCOME 900,099 34,045     34,045
b            
c            
d All other revenue ....        
e Total. Add lines 11a–11d ......MediumBullet 34,045
12 Total revenue. See Instructions....MediumBullet 9,283,746     406,867
Form 990 (2010)
Form 990 (2010)
Page 10
Part IX
Statement of Functional Expenses
Section 501(c)(3) and 501(c)(4) organizations must complete all columns. All other organizations must complete column (A) but are not required to complete columns (B), (C), and (D).
Do not include amounts reported on lines 6b,
7b, 8b, 9b, and 10b of Part VIII. 		(A)
Total expenses 		(B)
Program service expenses 		(C)
Management and general expenses 		(D)
Fundraising expenses
1 Grants and other assistance to governments and organizations in the U.S. See Part IV, line 21 1,138,060 1,138,060
2 Grants and other assistance to individuals in the U.S. See Part IV, line 22 21,250 21,250
3 Grants and other assistance to governments, organizations, and individuals outside the U.S. See Part IV, lines 15 and 16 2,033,311 2,033,311
4 Benefits paid to or for members 0  
5 Compensation of current officers, directors, trustees, and key employees .... 499,606 321,578 178,028  
6 Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) .... 0      
7 Other salaries and wages 1,955,340 1,291,779 397,103 266,458
8 Pension plan contributions (include section 401(k) and section 403(b) employer contributions) .... 167,701 123,200 27,919 16,582
9 Other employee benefits ....... 279,463 150,025 84,107 45,331
10 Payroll taxes ........... 163,588 104,232 39,211 20,145
11 Fees for services (non-employees):        
a Management ...... 356,882 61,099 288,304 7,479
b Legal ......... 63,191   63,191  
c Accounting ........... 44,716   44,716  
d Lobbying ........... 26,446 26,446    
e Professional fundraising. See Part IV, line 17.. 0  
f Investment management fees ...... 2,800   2,800  
g Other .......... 1,158,068 1,023,240 118,523 16,305
12 Advertising and promotion .... 28,103 28,103    
13 Office expenses ....... 280,271 169,413 102,342 8,516
14 Information technology ...... 12,137 12,137    
15 Royalties .. 6,891 6,891    
16 Occupancy ........... 785,095 224,692 560,403  
17 Travel ............ 851,268 805,261 30,662 15,345
18 Payments of travel or entertainment expenses for any federal, state, or local public officials ...... 0      
19 Conferences, conventions, and meetings .... 160,230 160,230    
20 Interest ........... 1,043   1,043  
21 Payments to affiliates ....... 0      
22 Depreciation, depletion, and amortization ..... 167,708   167,708  
23 Insurance .............. 18,418   18,418  
24 Other expenses. Itemize expenses not covered above. (Expenses grouped together and labeled miscellaneous may not exceed 5% of total expenses shown on line 25 below.)
a COMMMUNICATION MATERIALS 257,214 257,214    
b PRINTING & PRINTING COS 644,175 643,069   1,106
c COST OF SALES -655,088 -655,088    
d
e
f All other expenses        
25 Total functional expenses. Add lines 1 through 24f 10,467,887 7,946,142 2,124,478 397,267
26 Joint costs. Check here MediumBullet if following
SOP 98-2 (ASC 958-720). Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation 		       
Form 990 (2010)
Form 990 (2010)
Page 11
Part X Balance Sheet
(A)
Beginning of year 		(B)
End of year
Assets 1 Cash—non-interest-bearing .......... 9,064 1 8,530
2 Savings and temporary cash investments ....... 3,424,380 2 2,592,959
3 Pledges and grants receivable, net ......... 678,120 3 641,296
4 Accounts receivable, net ......... 250,505 4 53,948
5 Receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of
Schedule L ..........   5  
6 Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B). Complete Part II of
Schedule L ..........   6  
7 Notes and loans receivable, net .............   7  
8 Inventories for sale or use .............. 542,865 8 255,046
9 Prepaid expenses and deferred charges ............ 4,485 9 86,600
10a Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D 10a 329,093
b Less: accumulated depreciation. ..... 10b 130,941 359,653 10c 198,152
11 Investments—publicly traded securities .......... 873,389 11 889,264
12 Investments—other securities. See Part IV, line 11 ......   12  
13 Investments—program-related. See Part IV, line 11 ..   13  
14 Intangible assets .........   14  
15 Other assets. See Part IV, line 11 ........... 137,378 15 28,088
16 Total assets. Add lines 1 through 15 (must equal line 34)... 6,279,839 16 4,753,883
Liabilities 17 Accounts payable and accrued expenses . 1,106,757 17 720,204
18 Grants payable ..........   18  
19 Deferred revenue .......... 0 19 0
20 Tax-exempt bond liabilities ..........   20  
21 Escrow or custodial account liability. Complete Part IV of Schedule D..   21  
22 Payables to current and former officers, directors, trustees, key
employees, highest compensated employees, and disqualified
persons. Complete Part II of Schedule L..........   22  
23 Secured mortgages and notes payable to unrelated third parties ..   23  
24 Unsecured notes and loans payable to unrelated third parties ....   24  
25 Other liabilities. Complete Part X of Schedule D..... 297,624 25 301,751
26 Total liabilities. Add lines 17 through 25..... 1,404,381 26 1,021,955
Net Assets or Fund Balance Organizations that follow SFAS 117, check here MediumBullet and complete lines 27 through 29, and lines 33 and 34.
27 Unrestricted net assets ..... 1,784,736 27 1,392,296
28 Temporarily restricted net assets ..... 2,966,088 28 2,314,998
29 Permanently restricted net assets ..... 124,634 29 24,634
Organizations that do not follow SFAS 117, check here MediumBullet and complete lines 30 through 34.
30 Capital stock or trust principal, or current funds .....   30  
31 Paid-in or capital surplus, or land, building or equipment fund .....   31  
32 Retained earnings, endowment, accumulated income, or other funds   32  
33 Total net assets or fund balances ..... 4,875,458 33 3,731,928
34 Total liabilities and net assets/fund balances ..... 6,279,839 34 4,753,883
Form 990 (2010)
Form 990 (2010)
Page 12
Part XI
Reconcilliation of Net Assets
Check if Schedule O contains a response to any question in this Part XI . . . . . . . . . .
1
Total revenue (must equal Part VIII, column (A), line 12) . . .
1
9,283,746
2
Total expenses (must equal Part IX, column (A), line 25) . . . . .
2
10,467,887
3
Revenue less expenses. Subtract line 2 from line 1 . . . .
3
-1,184,141
4
Net assets or fund balances at beginning of year (must equal Part X, line 33, column (A)) . .
4
4,875,458
5
Other changes in net assets or fund balances (explain in Schedule O) . . . .
5
40,611
6
Net assets or fund balances at end of year. Combine lines 3, 4, and 5 (must equal Part X, line 33, column (B)) . . . . . .
6
3,731,928
Part XII
Financial Statements and Reporting
Check if Schedule O contains a response to any question in this Part XII . . . . . . . . . .
Yes
No
1
Accounting method used to prepare the Form 990:  
If the organization changed its method of accounting from a prior year or checked "Other," explain in
Schedule O.
2a
Were the organization’s financial statements compiled or reviewed by an independent accountant?..
2a
 
No
b
Were the organization’s financial statements audited by an independent accountant?........
2b
Yes
 
c
If “Yes,” to 2a or 2b, does the organization have a committee that assumes responsibility for oversight of the audit, review, or compilation of its financial statements and selection of an independent accountant?
If the organization changed either its oversight process or selection process during the tax year, explain in Schedule O............................
2c
Yes
 
d
If “Yes” to line 2a or 2b, check a box below to indicate whether the financial statements for the year were issued on a separate basis, consolidated basis, or both:
3a
As a result of a federal award, was the organization required to undergo an audit or audits as set forth in the Single Audit Act and OMB Circular A-133? ................
3a
Yes
 
b
If “Yes,” did the organization undergo the required audit or audits? If the organization did not undergo the required audit or audits, explain why in Schedule O and describe any steps taken to undergo such audits. ..
3b
Yes
 
Form 990 (2010)
Additional Data


Software ID:  
Software Version:  
Form 990, Special Condition Description:
Special Condition Description
SCHEDULE A
(Form 990 or 990EZ)

Department of the Treasury
Internal Revenue Service
Public Charity Status and Public Support

Complete if the organization is a section 501(c)(3) organization or a section
4947(a)(1) nonexempt charitable trust.
right arrow Attach to Form 990 or Form 990-EZ. right arrow See separate instructions.
OMB No. 1545-0047
2010
Open to Public
Inspection
Name of the organization
Council for Economic Education
 
Employer identification number

13-1623848
Part I
Reason for Public Charity Status (All organizations must complete this part.) See instructions
The organization is not a private foundation because it is: (For lines 1 through 11, check only one box.)
1
2
3
4
5
section 170(b)(1)(A)(iv). (Complete Part II.)
6
7
8
9
receipts from activities related to its exempt functions—subject to certain exceptions, and (2) no more than 331/3% of
its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses
acquired by the organization after June 30, 1975. See section 509(a)(2). (Complete Part III.)
10
11
e
f
g
(i) a person who directly or indirectly controls, either alone or together with persons described in (ii)
Yes
No
and (iii) below, the governing body of the the supported organization? ................
11g(i)
 
 
(ii) a family member of a person described in (i) above? ......................
11g(ii)
 
 
(iii) a 35% controlled entity of a person described in (i) or (ii) above? ................
11g(iii)
 
 
h
(i)
Name of supported organization 		(ii)
EIN 		(iii)
Type of organization (described on lines 1- 9 above or IRC section (see instructions)) 		(iv)
Is the organization in col. (i) listed in your governing document? 		(v)
Did you notify the organization in col. (i) of your support? 		(vi)
Is the organization in col. (i) organized in the U.S.? 		(vii)
Amount of support?
Yes No Yes No Yes No
Total                  

For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 11285F
Schedule A (Form 990 or 990-EZ) 2010
Schedule A (Form 990 or 990-EZ) 2010
Page 2
Part II
Support Schedule for Organizations Described in IRC 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi)
(Complete only if you checked the box on line 5, 7, or 8 of Part I or if the organization failed to qualify under Part III. If the organization fails to qualify under the tests listed below, please complete Part III.)
Section A. Public Support
Calendar year(or fiscal year beginning in) (a) 2006 (b) 2007 (c) 2008 (d) 2009 (e) 2010 (f) Total
1 Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") ....            
2 Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.......            
3 The value of services or facilities furnished by a governmental unit to the organization without charge..            
4 Total. Add lines 1 through 3..            
5 The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f)..            
6 Public Support. Subtract line 5 from line 4.            
Section B. Total Support
Calendar year(or fiscal year beginning in) (a) 2006 (b) 2007 (c) 2008 (d) 2009 (e) 2010 (f) Total
7 Amounts from line 4..            
8 Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..            
9 Net income from unrelated business activities, whether or not the business is regularly carried on..            
10 Other income. (Explain in Part IV.) Do not include gain or loss from the sale of capital assets..            
11 Total support (Add lines 7 through 10).            
12
12
 
13
Section C. Computation of Public Support Percentage
14
14
 
15
15
 
16a
b
17a
b
18
Schedule A (Form 990 or 990-EZ) 2010
Schedule A (Form 990 or 990-EZ) 2010
Page 3
Part III
Support Schedule for Organizations Described in IRC 509(a)(2)
(Complete only if you checked the box on line 9 of Part I or if the organization failed to qualify under Part II. If the organization fails to qualify under the tests listed below, please complete Part II.)
Section A. Public Support
Calendar year(or fiscal year beginning in) (a) 2006 (b) 2007 (c) 2008 (d) 2009 (e) 2010 (f) Total
1 Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") . 3,663,573 6,874,003 1,874,007 9,269,180 8,876,879 30,557,642
2 Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose...... 6,326,606 8,260,050 7,391,482 1,600,011 1,102,514 24,680,663
3 Gross receipts from activities that are not an unrelated trade or business under section 513..            
4 Tax revenues levied for the organization's benefit and either paid to or expended on its behalf...            
5 The value of services or facilities furnished by a governmental unit to the organization without charge..            
6 Total. Add lines 1 through 5. 9,990,179 15,134,053 9,265,489 10,869,191 9,979,393 55,238,305
7a Amounts included on lines 1, 2, and 3 received from disqualified persons... 0 0 0 335,000 160,000 495,000
b Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year. 5,092,698 5,714,919 605,136 183,440 255,101 11,851,294
c Add lines 7a and 7b.. 5,092,698 5,714,919 605,136 518,440 415,101 12,346,294
8 Public Support (Subtract line 7c from line 6.)           42,892,011
Section B. Total Support
Calendar year (or fiscal year beginning in) (a) 2006 (b) 2007 (c) 2008 (d) 2009 (e) 2010 (f) Total
9 Amounts from line 6... 9,990,179 15,134,053 9,265,489 10,869,191 9,979,393 55,238,305
10a Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources.. 129,635 167,245 68,618 13,417 15,878 394,793
b Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975.            
c Add lines 10a and 10b. 129,635 167,245 68,618 13,417 15,878 394,793
11 Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on.            
12 Other income. Do not include gain or loss from the sale of capital assets (Explain in Part IV.) 0 0 400,851 157,853 76,045 634,749
13 Total support (Add lines 9, 10c, 11 and 12.). 10,119,814 15,301,298 9,734,958 11,040,461 10,071,316 56,267,847
14
Section C. Computation of Public Support Percentage
15
15
76.228 %
16
16
66.448 %
Section D. Computation of Investment Income Percentage
17
17
0.702 %
18
18
0.795 %
19a
b
20
Schedule A (Form 990 or 990-EZ) 2010
Schedule A (Form 990 or 990-EZ) 2010
Page 4
Part IV
Supplemental Information. Supplemental Information. Complete this part to provide the explanation required by Part II, line 10; Part II, line 17a or 17b; or Part III, line 12. Also complete this part for any additional information. (See instructions).
Facts And Circumstances Test
 
Explanation
 
 
 
 
Schedule A (Form 990 or 990-EZ) 2010

Additional Data


Software ID:  
Software Version:  
Schedule B
(Form 990, 990-EZ,
or 990-PF)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors
Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
OMB No. 1545-0047
2010
Name of organization
Council for Economic Education
 
Employer identification number

13-1623848
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ





Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule—
Special Rules
......................... Arrow Bullet   $    
Caution. An Organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2 of its Form 990, or check the box in the heading of its
Form 990-EZ, or on line 2 of its Form 990-PF, to certify that it does not meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2010)

Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
Page 1 of 1 of Part I
Name of organization
Council for Economic Education
  		Employer identification number

13-1623848
Part I
Contributors (see Instructions)
     
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Aggregate contributions		 (d)
Type of contribution
RESTRICTED
RESTRICTED
 

     
RESTRICTED
RESTRICTED  
RESTRICTED, RESTRICTED   RESTRICTED

$RESTRICTED




(Complete Part II if there is
a noncash contribution.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Aggregate contributions		 (d)
Type of contribution
 
 
 

     
 
   

$  




(Complete Part II if there is
a noncash contribution.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Aggregate contributions		 (d)
Type of contribution
 
 
 

     
 
   

$  




(Complete Part II if there is
a noncash contribution.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Aggregate contributions		 (d)
Type of contribution
 
 
 

     
 
   

$  




(Complete Part II if there is
a noncash contribution.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Aggregate contributions		 (d)
Type of contribution
 
 
 

     
 
   

$  




(Complete Part II if there is
a noncash contribution.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Aggregate contributions		 (d)
Type of contribution
 
 
 

     
 
   

$  




(Complete Part II if there is
a noncash contribution.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2010)

Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
Page 1 of 1 of Part II
Name of organization
Council for Economic Education
  		Employer identification number

13-1623848
Part II
Noncash Property (see Instructions)
     
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
Schedule B (Form 990, 990-EZ, or 990-PF) (2010)

Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
Page 1 of 1 of Part III
Name of organization
Council for Economic Education
  		Employer identification number

13-1623848
Part III
Exclusively religious, charitable, etc., individual contributions to section 501(c)(7), (8), or (10) organizations
aggregating more than $1,000 for the year. (Complete columns (a) through (e) and the following line entry.)
For organizations completing Part III, enter the total of exclusively religious, charitable, etc.,
contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet $  
(a) No.
from
Part I		 (b)
Purpose of gift		 (c)
Use of gift		 (d)
Description of how gift is held
 
(e)
Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
       
 
(a) No.
from
Part I		 (b)
Purpose of gift		 (c)
Use of gift		 (d)
Description of how gift is held
 
(e)
Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
       
 
(a) No.
from
Part I		 (b)
Purpose of gift		 (c)
Use of gift		 (d)
Description of how gift is held
 
(e)
Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
       
 
(a) No.
from
Part I		 (b)
Purpose of gift		 (c)
Use of gift		 (d)
Description of how gift is held
 
(e)
Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
       
 
Schedule B (Form 990, 990-EZ, or 990-PF) (2010)

Additional Data


Software ID:  
Software Version:  
SCHEDULE C
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service
Political Campaign and Lobbying Activities

For Organizations Exempt From Income Tax Under section 501(c) and section 527
SchCMd Bullet Complete if the organization is described below.
SchCMd Bullet Attach to Form 990 or Form 990-EZ. SchCMd Bullet See separate instructions.
OMB No. 1545-0047
2010
Open to Public
Inspection
If the organization answered “Yes,” to Form 990, Part IV, Line 3, or Form 990-EZ, Part V, line 46 (Political Campaign Activities), then
Round Bullet Section 501(c)(3) organizations: Complete Parts I-A and B. Do not complete Part I-C.
Round Bullet Section 501(c) (other than section 501(c)(3)) organizations: Complete Parts I-A and C below. Do not complete Part I-B.
Round Bullet Section 527 organizations: Complete Part I-A only.
If the organization answered “Yes,” to Form 990, Part IV, Line 4, or Form 990-EZ, Part VI, line 47 (Lobbying Activities), then
Round Bullet Section 501(c)(3) organizations that have filed Form 5768 (election under section 501(h)) Complete Part II-A. Do not complete Part II-B.
Round Bullet Section 501(c)(3) organizations that have NOT filed Form 5768 (election under section 501(h)): Complete Part II-B. Do not complete Part II-A.
If the organization answered “Yes,” to Form 990, Part IV, Line 5 (Proxy Tax) or Form 990-EZ, Part V, line 35a (Proxy Tax), then
Round Bullet Section 501(c)(4), (5), or (6) organizations: Complete Part III.
Name of the organization
Council for Economic Education
 
Employer identification number

13-1623848
Part I-A
Complete if the organization is exempt under section 501(c) or is a section 527 organization.

1
Provide a description of the organization's direct and indirect political campaign activities on behalf of or in opposition to candidates for public office in Part IV.
2
Political expenditures ....................................SchCMd Bullet
$  
3
Volunteer hours ........................................
 

Part I-B
Complete if the organization is exempt under section 501(c)(3).
1
Enter the amount of any excise tax incurred by the organization under section 4955 .........SchCMd Bullet
$  
2
Enter the amount of any excise tax incurred by organization managers under section 4955 ......SchCMd Bullet
$  
3
If the organization incurred a section 4955 tax, did it file Form 4720 for this year? ..............
4a
Was a correction made? .........................................
b
If "Yes," describe in Part IV.
Part I-C
Complete if the organization is exempt under section 501(c) except section 501(c)(3).
1
Enter the amount directly expended by the filing organization for section 527 exempt function activities SchCMd Bullet
$  
2
Enter the amount of the filing organization's funds contributed to other organizations for section 527 exempt funtion activities ....................................SchCMd Bullet

$  
3
Total exempt function expenditures. Add lines 1 and 2. Enter here and on Form 1120-POL, line 17b..SchCMd Bullet

$  
4
Did the filing organization file Form 1120-POL for this year? ..........................
5
Enter the names, addresses and employer identification number (EIN) of all section 527 political organizations to which the filing
organization made payments. For each organization listed, enter the amount paid from the filing organization’s funds. Also enter the amount of political contributions received that were promptly and directly delivered to a separate political organization, such as a separate segregated fund or a political action committee (PAC). If additional space is needed, provide information in Part IV.
(a) Name (b) Address (c) EIN (d) Amount paid from filing organization's funds. If none, enter -0-. (e) Amount of political contributions received and promptly and directly delivered to a separate political organization. If none, enter -0-.










For Privacy Act and Paperwork Reduction Act Notice, see the instructions for Form 990.
Cat. No. 50084S
Schedule C (Form 990 or 990-EZ) 2010

Schedule C (Form 990 or 990-EZ) 2010
Page 2
Part II-A
Complete if the organization is exempt under section 501(c)(3) and filed Form 5768 (election under section 501(h)).
A Check
B Check
Limits on Lobbying Expenditures
(The term "expenditures" means amounts paid or incurred.) 		(a) Filing
Organization's
Totals 		(b) Affiliated Group
Totals
1a Total lobbying expenditures to influence public opinion (grass roots lobbying) ......    
b Total lobbying expenditures to influence a legislative body (direct lobbying) .......    
c Total lobbying expenditures (add lines 1a and 1b) ...................    
d Other exempt purpose expenditures ........................    
e Total exempt purpose expenditures (add lines 1c and 1d) ...............    
f Lobbying nontaxable amount. Enter the amount from the following table in both
columns.		    
  If the amount on line 1e, column (a) or (b) is:The lobbying nontaxable amount is:    
  Not over $500,00020% of the amount on line 1e.    
  Over $500,000 but not over $1,000,000$100,000 plus 15% of the excess over $500,000.    
  Over $1,000,000 but not over $1,500,000$175,000 plus 10% of the excess over $1,000,000.    
  Over $1,500,000 but not over $17,000,000$225,000 plus 5% of the excess over $1,500,000.    
  Over $17,000,000$1,000,000.    
       
g Grassroots nontaxable amount (enter 25% of line 1f) .................    
h Subtract line 1g from line 1a. If zero or less, enter -0-. ................    
i Subtract line 1f from line 1c. If zero or less, enter -0-. ................    
j If there is an amount other than zero on either line 1h or line 1i, did the organization file Form 4720 reporting
section 4911 tax for this year? ......................................

4-Year Averaging Period Under Section 501(h)
(Some organizations that made a section 501(h) election do not have to complete all of the five
columns below. See the instructions for lines 2a through 2f on page 4.)
Lobbying Expenditures During 4-Year Averaging Period
  Calendar year (or fiscal year
beginning in) 		(a) 2007 (b) 2008 (c) 2009 (d) 2010 (e) Total
             
2a Lobbying non-taxable amount          
             
b Lobbying ceiling amount
(150% of line 2a, column(e)) 		         
             
c Total lobbying expenditures          
             
d Grassroots non-taxable amount          
             
e Grassroots ceiling amount
(150% of line 2d, column (e))		          
             
f Grassroots lobbying expenditures          
Schedule C (Form 990 or 990-EZ) 2010


Schedule C (Form 990 or 990-EZ) 2010
Page 3
Part II-B
Complete if the organization is exempt under section 501(c)(3) and has NOT filed Form 5768 (election under section 501(h)).
(a)
Yes
No
(b)
Amount
1
During the year, did the filing organization attempt to influence foreign, national, state or local legislation, including any attempt to influence public opinion on a legislative matter or referendum, through the use of:
a
Volunteers? .........................................
 
No
b
Paid staff or management (include compensation in expenses reported on lines 1c through 1i)? ....
Yes
 
c
Media advertisements? ....................................
 
No
 
d
Mailings to members, legislators, or the public? .........................
Yes
 
 
e
Publications, or published or broadcast statements? .......................
 
No
 
f
Grants to other organizations for lobbying purposes? .......................
 
No
 
g
Direct contact with legislators, their staffs, government officials, or a legislative body? ........
 
No
 
h
Rallies, demonstrations, seminars, conventions, speeches, lectures, or any similar means? ......
 
No
 
i
Other activities? If "Yes," describe in Part IV ..........................
Yes
 
34,949
j
Total. lines 1c through 1i ...................................
34,949
2a
Did the activities in line 1 cause the organization to be not described in section 501(c)(3)? .....
 
 
b
If "Yes," enter the amount of any tax incurred under section 4912 .................
 
c
If "Yes," enter the amount of any tax incurred by organization managers under section 4912 .....
 
d
If the filing organization incurred a section 4912 tax, did it file Form 4720 for this year? .......
 
 
Part III-A
Complete if the organization is exempt under section 501(c)(4), section 501(c)(5), or section 501(c)(6).
Yes
No
1
Were substantially all (90% or more) dues received nondeductible by members? ................
1
 
 
2
Did the organization make only in-house lobbying expenditures of $2,000 or less? ................
2
 
 
3
Did the organization agree to carryover lobbying and political expenditures from the prior year? ..........
3
 
 
Part III-B
Complete if the organization is exempt under section 501(c)(4), section 501(c)(5), or section 501(c)(6) if BOTH Part III-A, lines 1 and 2 are answered “No” OR if Part III-A, line 3 is answered “Yes”.
1
Dues, assessments and similar amounts from members .....................
1
 
2
Section 162(e) non-deductible lobbying and political expenditures (do not include amounts of political
expenses for which the section 527(f) tax was paid).
a
Current year .........................................
2a
 
b
Carryover from last year ....................................
2b
 
c
Total ...........................................
2c
 
3
Aggregate amount reported in section 6033(e)(1)(A) notices of nondeductible section 162(e) dues .
3
 
4
If notices were sent and the amount on line 2c exceeds the amount on line 3, what portion of the excess does the organization agree to carryover to the reasonable estimate of nondeductible lobbying and political expenditure next year? ................................
4
 
5
Taxable amount of lobbying and political expenditures (see instructions) ..............
5
 
Part IV
Supplemental Information
Complete this part to provide the descriptions required for Part l-A, line 1; Part l-B, line 4; Part l-C, line 5; and Part ll-B, line 1i.
Also, complete this part for any additional information.
Identifier Return Reference Explanation
Schedule C, Part II-B Lobbying Expenses The Council for Economic Education conducts very minimal lobbying activities on issues that support the organization's primary tax-exempt mission. In 2010, the Council's primary lobbying activities were conducted by a consulting firm that lobbied on its behalf. The Council paid this lobbying firm $26,446 in 2010 (please refer back to Part IX, Line 11(d)). Also, some of the Council's officers and/or key employees do spend time on legislative matters and, to that end, the Council allocates a portion of their salary to lobbying activities. In relevant part, the Council allocated the following officer and employee salaries and benefits to lobbying activities: N. Morrison 3,551 M. Blanusa 1,228 B. Devita 891 P. Elder 829 S. Gordon 316 L. Williams 1,688
Schedule C (Form 990 or 990EZ) 2010

Additional Data


Software ID:  
Software Version:  

SCHEDULE D
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Financial Statements
SchDMd Bullet Complete if the organization answered "Yes," to Form 990,
Part IV, line 6, 7, 8, 9, 10, 11, or 12.
SchDMd Bullet Attach to Form 990. SchDMd Bullet See separate instructions.
OMB No. 1545-0047
2010
Open to Public Inspection
Name of the organization
Council for Economic Education
 
Employer identification number

13-1623848
Part I
Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" to Form 990, Part IV, line 6.
(a) Donor advised funds (b) Funds and other accounts
1 Total number at end of year .......    
2 Aggregate contributions to (during year) ...    
3 Aggregate grants from (during year) ...    
4 Aggregate value at end of year .......    
5
Did the organization inform all donors and donor advisors in writing that the assets held in donor advised
funds are the organization's property, subject to the organization's exclusive legal control? ............
6
Did the organization inform all grantees, donors, and donor advisors in writing that grant funds may be
used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit. ...................................
Part II
Conservation Easements. Complete if the organization answered "Yes" to Form 990, Part IV, line 7.
1
Purpose(s) of conservation easements held by the organization (check all that apply).
2
Complete lines 2a–2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year.
Held at the End of the Year
a Total number of conservation easements ....................... 2a  
b Total acreage restricted by conservation easements .................. 2b  
c Number of conservation easements on a certified historic structure included in (a) ..... 2c  
d Number of conservation easements included in (c) acquired after 8/17/06 ........ 2d  
3
Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during
the taxable year SchDMd Bullet  
4
Number of states where property subject to conservation easement is located SchDMd Bullet  
5
Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and
enforcement of the conservation easements it holds? .............................
6
Staff and volunteer hours devoted to monitoring, inspecting and enforcing conservation easements during the year SchDMd Bullet  
7
Amount of expenses incurred in monitoring, inspecting, and enforcing conservation easements during the year SchDMd Bullet $  
8
Does each conservation easement reported on line 2(d) above satisfy the requirements of section
170(h)(4)(B)(i) and 170(h)(4)(B)(ii)? ....................................
9
In Part XIV, describe how the organization reports conservation easements in its revenue and expense statement, and
balance sheet, and include, if applicable, the text of the footnote to the organization’s financial statements that describes
the organization’s accounting for conservation easements.
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" to Form 990, Part IV, line 8.
1a
If the organization elected, as permitted under SFAS 116, not to report in its revenue statement and balance sheet works of
art, historical treasures, or other similar assets held for public exhibition, education or research in furtherance of public service,
provide, in Part XIV, the text of the footnote to its financial statements that describes these items.
b
If the organization elected, as permitted under SFAS 116, to report in its revenue statement and balance sheet works of art,
historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service,
provide the following amounts relating to these items:
(i)
Revenues included in Form 990, Part VIII, line 1 ........................SchDMd Bullet $  
(ii)
Assets included in Form 990, Part X ..............................SchDMd Bullet $  
2
If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the
following amounts required to be reported under SFAS 116 relating to these items:
a
Revenues included in Form 990, Part VIII, line 1 ..........................SchDMd Bullet $  
b
Assets included in Form 990, Part X ...............................SchDMd Bullet $  
For Privacy Act and Paperwork Reduction Act Notice, see the Intructions for Form 990
Cat. No. 52283D
Schedule D (Form 990) 2010

Schedule D (Form 990) 2010
Page 2
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)
3
Using the organization’s accession and other records, check any of the following that are a significant use of its collection
items (check all that apply):
a
d
b
e
 
c
4
Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIV.
5
During the year, did the organization solicit or receive donations of art, historical treasures or other similar
assets to be sold to raise funds rather than to be maintained as part of the organization’s collection?........
Part IV
Escrow and Custodial Arrangements. Complete if the organization answered "Yes" to Form 990,
Part IV, line 9, or reported an amount on Form 990, Part X, line 21.
1a
Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................
b
If "Yes," explain the arrangement in Part XIV and complete the following table:
Amount
c Beginning balance ................................. 1c  
d Additions during the year .............................. 1d  
e Distributions during the year ............................. 1e  
f Ending balance ................................... 1f  
2a
Did the organization include an amount on Form 990, Part X, line 21? .....................
b
If “Yes,” explain the arrangement in Part XIV.
Part V
Endowment Funds. Complete if the organization answered "Yes" to Form 990, Part IV, line 10.
(a)Current Year (b)Prior Year (c)Two Years Back (d)Three Years Back (e)Four Years Back
1a Beginning of year balance ....      
b Contributions ........      
c Investment earnings or losses ...      
d Grants or scholarships .....      
e Other expenditures for facilities
and programs ........ 		     
f Administrative expenses ....      
g End of year balance ......      
2
Provide the estimated percentage of the year end balance held as:
a
Board designated or quasi-endowment: SchDMd Bullet  
b
Permanent endowment: SchDMd Bullet  
c
Term endowment: SchDMd Bullet  
3a
Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes
No
(i) unrelated organizations ........................
3a(i)
 
 
(ii) related organizations ........................
3a(ii)
 
 
b
If "Yes" to 3a(ii), are the related organizations listed as required on Schedule R? .........
3b
 
 
4
Describe in Part XIV the intended uses of the organization's endowment funds.
Part VI
Investments—Land, Buildings, and Equipment. See Form 990, Part X, line 10.
Description of investment (a) Cost or other basis (investment) (b)Cost or other basis (other) (c) Accumulated depreciation (d) Book value
1a Land .................      
b Buildings ................        
c Leasehold improvements ............   17,621 8,810 8,811
d Equipment ................   311,472 122,131 189,341
e Other .................        
Total. Add lines 1a-1e. (Column (d) should equal Form 990, Part X, column (B), line 10(c).)........SchDMdBullet 198,152
Schedule D (Form 990) 2010

Schedule D (Form 990) 2010
Page 3
Part VII
Investments—Other Securities. See Form 990, Part X, line 12.
(a) Description of security or category
(including name of security)		 (b)Book value (c) Method of valuation:
Cost or end-of-year market value
(1)Financial derivatives    
(2)Closely-held equity interests    
Other








Total. (Column (b) should equal Form 990, Part X, col.(B) line 12.)Small Bullet  
Part VIII
Investments—Program Related. See Form 990, Part X, line 13.
(a) Description of investment type (b) Book value (c) Method of valuation:
Cost or end-of-year market value








Total. (Column (b) should equal Form 990, Part X, col.(B) line 13.)Small Bullet  
Part IX
Other Assets. See Form 990, Part X, line 15.
(a) Description (b) Book value








Total. (Column (b) should equal Form 990, Part X, col.(B) line 15.)...........Small Bullet  
Part X
Other Liabilities. See Form 990, Part X, line 25.
1.(a) Description of Liability (b) Amount
Federal Income Taxes 0
CAPITAL LEASE OBLIGATIONS 95,756
DEFERRED RENT 205,995







Total. (Column (b) should equal Form 990, Part X, col.(B) line 25.)Small Bullet 301,751
2. Fin 48 (ASC 740) Footnote. In Part XIV, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC740).
Schedule D (Form 990) 2010

Schedule D (Form 990) 2010
Page 4
Part XI Reconciliation of Change in Net Assets from Form 990 to Financial Statements
1 Total revenue (Form 990, Part VIII, column (A), line 12) .................... 1 9,283,746
2 Total expenses (Form 990, Part IX, column (A), line 25) ..................... 2 10,467,887
3 Excess or (deficit) for the year. Subtract line 2 from line 1 ............. 3 -1,184,141
4 Net unrealized gains (losses) on investments .......................... 4 40,611
5 Donated services and use of facilities ............................. 5  
6 Investment expenses ................................... 6  
7 Prior period adjustments .................................. 7  
8 Other (Describe in Part XIV) ................................. 8  
9 Total adjustments (net). Add lines 4 - 8 ............................. 9 40,611
10 Excess or (deficit) for the year per financial statements. Combine lines 3 and 9 ......... 10 -1,143,530
Part XII Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
1 Total revenue, gains, and other support per audited financial statements ....... 1 10,169,087
2 Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a Net unrealized gains on investments .......... 2a 40,611
b Donated services and use of facilities ......... 2b 189,642
c Recoveries of prior year grants ........... 2c  
d Other (Describe in Part XIV): ............ 2d 655,088
e Add lines 2a through 2d ..................... 2e 885,341
3 Subtract line 2e from line 1..................... 3 9,283,746
4 Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b . 4a  
b Other (Describe in Part XIV): ........... 4b  
c Add lines 4a and 4b....................... 4c  
5 Total Revenue. Add lines 3 and 4c. (This should equal Form 990, Part I, line 12.) ...... 5 9,283,746
Part XIII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
1 Total expenses and losses per audited financial statements ............. 1 11,312,617
2 Amounts included on line 1 but not on Form 990, Part IX, line 25:
a Donated services and use of facilities .......... 2a 189,642
b Prior year adjustments .............. 2b  
c Other losses ................ 2c  
d Other (Describe in Part XIV): ............ 2d 655,088
e Add lines 2a through 2d...................... 2e 844,730
3 Subtract line 2e from line 1..................... 3 10,467,887
4 Amounts included on Form 990, Part IX, line 25, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b .. 4a  
b Other (Describe in Part XIV): ............ 4b  
c Add lines 4a and 4b....................... 4c  
5 Total expenses. Add lines 3 and 4c. (This should equal Form 990, Part I, line 18.) ...... 5 10,467,887
Part XIV
Supplemental Information
Complete this part to provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part lV, lines 1b and 2b;
Part V, line 4; Part X; Part XI, line 8; Part XII, lines 2d and 4b; and Part XIII, lines 2d and 4b. Also complete this part to provide any additional information.
Identifier Return Reference Explanation
FIN 48 FOOTNOTE FORM 990, SCHEDULE D, PART X CEE follows guidance that requires that a tax position be recognized or derecognized based on a "more likely than not" threshold. This applies to positions taken or expected to be taken in a tax return. During fiscal 2010, CEE evaluated its tax positions and concluded that it does not have any uncertain tax positions that meet the above criteria. Accordingly, no provision has been reported in accompanying financial statements. The tax years ended 2007, 2008, and 2009 are still open to audit for both federal and state purposes.
REVENUES ON BOOKS NOT ON RETURN FORM 990 SCHEDULE D PART XII LINE 2 COST OF GOODS SOLD $655,088
EXPENSES ON BOOKS NOT ON RETURN FORM 990 SCHEDULE D PART XIII LINE 2 COST OF GOODS SOLD $655,088
Schedule D (Form 990) 2010

Additional Data


Software ID:  
Software Version:  




SCHEDULE F
(Form 990)

Department of the Treasury
Internal Revenue Service
Statement of Activities Outside the United States
Right pointing arrow large image Complete if the organization answered "Yes" to Form 990,
Part IV, line 14b, 15, or 16.
Right pointing arrow large image Attach to Form 990. Right pointing arrow large image See separate instructions.
OMB No. 1545-0047
2010
Open to Public Inspection
Name of the organization
Council for Economic Education
 
Employer identification number

13-1623848
Part I
General Information on Activities Outside the United States. Complete if the organization answered
“Yes” to Form 990, Part IV, line 14b.
1
For grantmakers. Does the organization maintain records to substantiate the amount of the grants or
assistance, the grantees' eligibility for the grants or assistance, and the selection criteria used to award
the grants or assistance? ...................................
2
For grantmakers. Describe in Part V the organization’s procedures for monitoring the use of grant funds outside the
United States.
3
Activites per Region. (Use Part V if additional space is needed.)
(a) Region (b) Number of offices in the region (c) Number of employees or agents in region or independent contractors (d) Activities conducted in region (by type) (e.g., fundraising, program services, investments, grants to recipients located in the region) (e) If activity listed in (d) is a program service, describe specific type of
service(s) in region		 (f) Total
expenditures for region/investments
in region
Sub-Saharan Africa 0 0 Program Services teacher workshop 533,442
South America 0 0 Program Services teacher workshop 572,799
East Asia and the Pacific 0 0 Program Services teacher workshop 428,468
Middle East and North Africa 0 0 Program Services teacher workshop 74,024
Russia and the Newly Independent States 0 0 Program Services teacher workshop 185,427
Europe (Including Iceland and Greenland) 0 0 Program Services teacher workshop 45,930
North America 0 0 Program Services teacher workshop 193,221
           
           
           
           
           
           
           
           
           
           
3a Sub-total ..... 0 0 2,033,311
b Total from continuation sheets to Part I ...      
c Totals (add lines 3a and 3b) 0 0 2,033,311
For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990.Cat. No. 50082W Schedule F (Form 990) 2010
Schedule F (Form 990) 2010
Page 2
Part II
Grants and Other Assistance to Organizations or Entities Outside the United States. Complete if the organization answered "Yes" to Form 990,
Part IV, line 15, for any recipient who received more than $5,000. Check this box if no one recipient received more than $5,000 ........ MediumBullet
Use Part V if additional space is needed.
1 (a) Name of organization (b) IRS code section
and EIN (if applicable)		 (c) Region (d) Purpose of
grant 		(e) Amount of
cash grant 		(f) Manner of
cash
disbursement 		(g) Amount of
of non-cash
assistance 		(h) Description
of non-cash
assistance 		(i) Method of
valuation
(book, FMV,
appraisal, other)
East Asia/Pacific EDUCATION 8,456 EFT OR WIRE      
East Asia/Pacific EDUCATION 8,500 EFT OR WIRE      
East Asia/Pacific EDUCATION 8,500 EFT OR WIRE      
East Asia/Pacific EDUCATION 8,500 EFT OR WIRE      
East Asia/Pacific EDUCATION 8,500 EFT OR WIRE      
East Asia/Pacific EDUCATION 8,500 EFT OR WIRE      
East Asia/Pacific EDUCATION 9,500 EFT OR WIRE      
East Asia/Pacific EDUCATION 18,625 EFT OR WIRE      
East Asia/Pacific EDUCATION 20,275 EFT OR WIRE      
East Asia/Pacific EDUCATION 29,600 EFT OR WIRE      
East Asia/Pacific EDUCATION 49,704 EFT OR WIRE      
East Asia/Pacific EDUCATION 76,681 EFT OR WIRE      
East Asia/Pacific EDUCATION 86,009 EFT OR WIRE      
Europe/Iceland/Greenland EDUCATION 7,437 EFT OR WIRE      
Europe/Iceland/Greenland EDUCATION 10,000 EFT OR WIRE      
Europe/Iceland/Greenland EDUCATION 21,450 EFT OR WIRE      
Middle East/North Africa EDUCATION 60,424 EFT OR WIRE      
North America EDUCATION 5,230 EFT OR WIRE      
North America EDUCATION 6,280 EFT OR WIRE      
North America EDUCATION 26,653 EFT OR WIRE      
North America EDUCATION 71,606 EFT OR WIRE      
Russia EDUCATION 6,295 EFT OR WIRE      
Russia EDUCATION 8,500 EFT OR WIRE      
Russia EDUCATION 8,000 EFT OR WIRE      
Russia EDUCATION 8,500 EFT OR WIRE      
Russia EDUCATION 8,500 EFT OR WIRE      
Russia EDUCATION 8,500 EFT OR WIRE      
Russia EDUCATION 8,520 EFT OR WIRE      
Russia EDUCATION 8,500 EFT OR WIRE      
Russia EDUCATION 8,500 EFT OR WIRE      
Russia EDUCATION 17,000 EFT OR WIRE      
Russia EDUCATION 67,500 EFT OR WIRE      
South America EDUCATION 6,790 EFT OR WIRE      
South America EDUCATION 15,276 EFT OR WIRE      
South America EDUCATION 15,559 EFT OR WIRE      
South America EDUCATION 16,226 EFT OR WIRE      
South America EDUCATION 17,393 EFT OR WIRE      
South America EDUCATION 28,057 EFT OR WIRE      
South America EDUCATION 28,663 EFT OR WIRE      
South America Education 36,630 EFT OR WIRE      
South America Education 58,397 EFT OR WIRE      
South America Education 83,329 EFT OR WIRE      
South America Education 102,157 EFT OR WIRE      
South America Education 124,540 EFT OR WIRE      
Sub-Saharan Africa Education 8,500 EFT OR WIRE      
Sub-Saharan Africa Education 6,375 EFT OR WIRE      
Sub-Saharan Africa Education 7,536 EFT OR WIRE      
Sub-Saharan Africa Education 8,475 EFT OR WIRE      
Sub-Saharan Africa Education 10,276 EFT OR WIRE      
Sub-Saharan Africa Education 13,033 EFT OR WIRE      
Sub-Saharan Africa Education 27,175 EFT OR WIRE      
Sub-Saharan Africa EDUCATION 34,324 EFT OR WIRE      
Sub-Saharan Africa Education 52,964 EFT OR WIRE      
Sub-Saharan Africa Education 60,777 EFT OR WIRE      
Sub-Saharan Africa EDUCATION 61,695 EFT OR WIRE      
Sub-Saharan Africa EDUCATION 95,726 EFT OR WIRE      
Sub-Saharan Africa EDUCATION 98,274 EFT OR WIRE      
2
Enter total number of recipient organizations listed above that are recognized as charities by the foreign country, recognized as tax-exempt by the IRS, or for which the grantee or counsel has provided a section 501(c)(3) equivalency letter .....MediumBullet
52
3
Enter total number of other organizations or entities ........................MediumBullet
0
Schedule F (Form 990) 2010
Schedule F (Form 990) 2010Page 3
Part III
Grants and Other Assistance to Individuals Outside the United States. Complete if the organization answered "Yes" to Form 990, Part IV, line 16.
Use Part V if additional space is needed.
(a) Type of grant or assistance (b) Region (c) Number of recipients (d) Amount of
cash grant 		(e) Manner of cash
disbursement 		(f) Amount of
non-cash
assistance 		(g) Description
of non-cash
assistance 		(h) Method of
valuation
(book, FMV,
appraisal, other)
program fees Sub-Saharan Africa 13 15,250 EFT OR WIRE      
program fees South America 9 12,995 EFT OR WIRE      
program fees Russia 1 2,106 EFT OR WIRE      
program fees Middle East/North Africa 6 7,974 EFT OR WIRE      
program fees North America 8 11,503 EFT OR WIRE      
program fees East Asia/Pacific 10 17,177 EFT OR WIRE      
MURTINI PENDIT East Asia/Pacific 1 5,916 EFT WIRE      
DWI AMIDJONO East Asia/Pacific 1 6,423 EFT WIRE      
DWI WULANDARI East Asia/Pacific 1 6,540 EFT WIRE      
C. CAJUMBAN East Asia/Pacific 1 8,055 EFT WIRE      
EBI JUNAIDI East Asia/Pacific 1 14,173 EFT WIRE      
ANGGINI SETIWAN East Asia/Pacific 1 14,458 EFT WIRE      
ISMAEL SOLONO Cent. America/Caribbean 1 5,674 EFT WIRE      
JORGE CHACON Cent. America/Caribbean 1 7,176 EFT WIRE      
CARMEN REYNOSO Cent. America/Caribbean 1 8,298 EFT WIRE      
FLOR SANCHEZ Cent. America/Caribbean 1 21,673 EFT WIRE      
PATRICIA IBANEZ Cent. America/Caribbean 1 24,676 EFT WIRE      
O.RESHETNYAK Russia 1 15,147 EFT WIRE      
ROMINA KASMAN South America 1 6,100 EFT WIRE      
CARLOS KNAPPS South America 1 10,640 EFT WIRE      
E. OOSTHUIZEN Sub-Saharan Africa 1 7,499 EFT WIRE      
Schedule F (Form 990) 2010
Schedule F (Form 990) 2010
Page 4
Part IV
Foreign Forms
1 Was the organization a U.S. transferor of property to a foreign corporation during the tax year? If "Yes," the organization may be required to file Form 926 (see instructions for Form 926).................
2 Did the organization have an interest in a foreign trust during the tax year? If " Yes," the organization may be required to file Form 3520 and/or Form 3520-A. (see instructions for Forms 3520 and 3520-A)..........
3 Did the organization have an ownership interest in a foreign corporation during the tax year? If "Yes," the organization may be required to file Form 5471, Information Return of U.S. Persons with respect to Certain Foreign Corporations. (see instructions for Form 5471)..............................
4 Was the organization a direct or indirect shareholder of a passive foreign investment company or a qualified electing fund during the tax year? If "Yes," the organization may be required to file Form 8621, Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund. (see instructions for Form 8621)
5 Did the organization have an ownership interest in a foreign partnership during the tax year? If "Yes," the organization may be required to file Form 8865, Return of U.S. Persons with respect to Certain Foreign Partnerships. (see instructions for Form 8865)....................................
6 Did the organization have any operations in or related to any boycotting countries during the tax year? If "Yes," the organization may be required to file Form 5713, International Boycott Report (see instructions for Form 5713)................................................
Schedule F (Form 990) 2010
Schedule F (Form 990) 2010
Page 5
Part V
Supplemental Information
Complete this part to provide the information (see instructions) required in Part I, line 2, and any additional information.
Identifier ReturnReference Explanation
Schedule F Part I, Line 2 To qualify for assistance from CEE, the recipient must be a registered educational organization or a non-profit non-governmental organization involved in teacher training in economic education. CEE selects organizations and individuals to serve as local coordinators of training programs based on past experience and involvement in economic education in each country. Either the organization or individual signs a contractual agreement with CEE outlining their responsibliites and compensation. The organization monitors use of funds outside of the US by requiring detailed narrative and financial reports from every organization. Full reports may be submitted in the local language but all reports must include an executive summary and description.
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
Schedule F (Form 990) 2010
Additional Data


Software ID:  
Software Version:  



SCHEDULE G
(Form 990 or 990-EZ)
Department of the Treasury
Internal Revenue Service
Supplemental Information Regarding
Fundraising or Gaming Activities
Complete if the organization answered "Yes" to Form 990, Part IV, lines 17, 18, or 19,
or if the organization entered more than $15,000 on Form 990-EZ, line 6a.
right arrow Attach to Form 990 or Form 990-EZ. right arrow See separate instructions.
OMB No. 1545-0047
2010
Open to Public Inspection
Name of the organization
Council for Economic Education
 
Employer identification number

13-1623848
Part I
Fundraising Activities. Complete if the organization answered "Yes" to Form 990, Part IV, line 17.
1
Indicate whether the organization raised funds through any of the following activities. Check all that apply.
a e
b f
c g
d
2a
Did the organization have a written or oral agreement with any individual (including officers, directors, trustees
or key employees listed in Form 990, Part VII) or entity in connection with professional fundraising services?
b
If “Yes,” list the ten highest paid individuals or entities (fundraisers) pursuant to agreements under which the fundraiser is
to be compensated at least $5,000 by the organization. Form 990-EZ filers are not required to complete this table.
(i) Name and address of individual
or entity (fundraiser) 		(ii) Activity (iii) Did fundraiser have custody or control of contributions? (iv) Gross receipts
from activity 		(v) Amount paid to
(or retained by)
fundraiser listed in
col. (i) 		(vi) Amount paid to
(or retained by)
organization
Yes No
Total .................right arrow      
3
List all states in which the organization is registered or licensed to solicit funds or has been notified it is exempt from registration or licensing.
For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50083H
Schedule G (Form 990 or 990-EZ) 2010
Schedule G (Form 990 or 990-EZ) 2010
Page 2
Part II
Fundraising Events. Complete if the organization answered "Yes" to Form 990, Part IV, line 18, or reported more than $15,000 on Form 990-EZ, line 6a. List events with gross receipts greater than $5,000.
(a) Event #1

Awards Dinner
(event type) 		(b) Event #2

 
(event type) 		(c) Other Events

0
(total number) 		(d) Total Events
(Add col. (a) through col. (c))
VerticalRevenue 1 Gross receipts . . . 401,600     401,600
2 Less: Charitable
contributions . . . 		359,600     359,600
3 Gross income (line 1
minus line 2) . . . 		42,000     42,000
VerticalDirectExpenses 4 Cash prizes . . .        
5 Non-cash prizes . .        
6 Rent/facility costs . . 35,772     35,772
7 Food and beverages . . 29,268     29,268
8 Entertainment . . .        
9 Other direct expenses . 67,442     67,442
10 Direct expense summary. Add lines 4 through 9 in column (d) ........... right arrow 132,482
11 Net income summary. Combine lines 3 and 10 in column (d)............ right arrow -90,482
Part III
Gaming. Complete if the organization answered "Yes" to Form 990, Part IV, line 19, or reported more than $15,000 on Form 990-EZ, line 6a.
VerticalRevenue (a) Bingo (b) Pull tabs/Instant
bingo/progressive bingo 		(c) Other gaming (d) Total gaming (Add col. (a) through col. (c))
1 Gross revenue . . . .        
VerticalDirectExpenses 2 Cash prizes . . . .        
3 Non-cash prizes . . .        
4 Rent/facility costs . . .        
5 Other direct expenses . .        
6 Volunteer labor . . .
 
 
 
7 Direct expense summary. Add lines 2 through 5 in column (d) ........... right arrow  
8 Net gaming income summary. Combine lines 1 and 7 in column (d) .......... right arrow  
9
Enter the state(s) in which the organization operates gaming activities:
a
Is the organization licensed to operate gaming activities in each of these states? ............
b
If "No," Explain:
 
10a
Were any of the organization's gaming licenses revoked, suspended or terminated during the tax year? .....
b
If "Yes," Explain:
 
11
Does the organization operate gaming activities with nonmembers? .................
12
Is the organization a grantor, beneficiary or trustee of a trust or a member of a partnership or other entity
formed to administer charitable gaming? ...........................
Schedule G (Form 990 or 990-EZ) 2010
Schedule G (Form 990 or 990-EZ) 2010
Page 3
13
Indicate the percentage of gaming activity operated in:
a
The organization's facility ......................
13a
 
b
An outside facility ........................
13b
 
14
Provide the name and address of the person who prepares the organization's gaming/special events books and records:
Name right arrow
Address right arrow
15a
Does the organization have a contract with a third party from whom the organization receives gaming
revenue? ......................................
b
If "Yes," enter the amount of gaming revenue received by the organization right arrow $   and the
amount of gaming revenue retained by the third party right arrow $   .
c
If "Yes," enter name and address:
Name right arrow
Address right arrow
 
 
16
Gaming manager information:
Name right arrow
Gaming manager compensation right arrow $  
Description of services provided right arrow
 
17
Mandatory distributions:
a
Is the organization required under state law to make charitable distributions from the gaming proceeds to
retain the state gaming license? ............................
b
Enter the amount of distributions required under state law distributed to other exempt organizations or spent
in the organization's own exempt activities during the tax year right arrow$  
Part IV
Complete this part to provide additional information for responses to quuestion on Schedule G (see instructions.)
Identifier ReturnReference Explanation
Schedule G (Form 990 or 990-EZ) 2010
Additional Data


Software ID:  
Software Version:  
Schedule I
(Form 990)
Department of the Treasury
Internal Revenue Service
Grants and Other Assistance to Organizations,
Governments and Individuals in the United States
Complete if the organization answered "Yes," to Form 990, Part IV, line 21 or 22.
lBullet Attach to Form 990
OMB No. 1545-0047
2010
Open to Public
Inspection
Name of the organization
Council for Economic Education
 
Employer identification number
13-1623848
Part I
General Information on Grants and Assistance
1
Does the organization maintain records to substantiate the amount of the grants or assistance, the grantees' eligibility for the grants or assistance, and
the selection criteria used to award the grants or assistance? ....................................
2
Describe in Part IV the organization's procedures for monitoring the use of grant funds in the United States.
Part II
Grants and Other Assistance to Governments and Organizations in the United States. Complete if the organization answered "Yes" to
Form 990, Part IV, line 21 for any recipient that received more than $5,000. Check this box if no one recipient received more than $5,000. Use
Part IV and Schedule I-1 (Form 990) if additional space is needed ......................... lBullet
(a) Name and address of organization
or government		 (b) EIN (c) IRC Code section
if applicable		 (d) Amount of cash grant (e) Amount of non-cash
assistance		 (f) Method of valuation
(book, FMV, appraisal,
other)		 (g) Description of
non-cash assistance		 (h) Purpose of grant
or assistance
(1) TEXAS COUNCIL ON ECONOMIC ED1801 ALLEN PARKWAY
HOUSTON,TX77019 		23-7024573 501(c)(3) 62,707       EDUCATION
(2) MISSISSIPPI COUNCIL ON ECON EDMILLSAPS COLLEGE
1701 N STATE STREET - MURRAH H
JACKSON,MS39210 		82-0563444 501(c)(3) 40,414       EDUCATION
(3) NH JUMPSTART COALITION FORPERSONAL FINANCIAL LITERACY
51 JEFFERSON DRIVE
HILLSBORO,NH03244 		02-0520342 501(c)(3) 11,350       EDUCATION
(4) KU ENDOWMENT ASSN FOR THE CEE1122 W Campus Road Room 331
Lawrence,KS66045 		48-0547734 501(c)(3) 21,439       EDUCATION
(5) WV FINANCIAL EDUCATION FDN600 QUARRIER STREET
CHARLESTON,WV25301 		04-3610357 501(c)(3) 17,762       EDUCATION
(6) SALEM STATE COLLEGE352 LAFAYETTE STREET
SALEM,MA01970 		04-2325342   9,788       EDUCATION
(7) AREA COOPERATIVE EDUC SVCS350 STATE STREET
ATTN FISCAL SERVICES
NORTH HAVEN,CT06473 		06-0881700 501(c)(3) 23,333       EDUCATION
(8) MISSISSIPPI STATE UNIVOFFICE OF THE COMPTROLLER
PO BOX DRAWER 5227
MISSISSIPPI ST,MS39762 		64-6000819 501(c)(3) 41,667       EDUCATION
(9) SYRACUSE UNIVERSITYBURSARS OPERATIONS 102 ARCHIBOLD G
SYRACUSE,NY132441140 		15-0532081 501(c)(3) 16,667       EDUCATION
(10) SUPT OF PUBLIC INSTRUCTIONOLD CAPITOL BLDG PO BOX 47200
OLYMPIA,WA985047200 		91-6001112   10,000       EDUCATION
(11) NATL FOUNDATION FOR TEACHING120 WALL STREET 29TH ST
NEW YORK,NY10005 		13-3408731 501(c)(3) 8,750       EDUCATION
(12) NFTE - Greater Los Angeles350 S Bixel St Suite 280
Los Angeles,CA90017 		13-3408731 501(c)(3) 5,001       EDUCATION
(13) FLORIDA COUNCIL ON ECONOMIC EDUCATION121 N WESTSHORE BOULEVARD SUITE 30
TAMPA,FL33607 		59-1643458 501(c)(3) 18,333       EDUCATION
(14) RHODE IS JUMPSTART COALITIONFOR PERSONAL FINANCL LITERACY
11 S ANGELL STREET 174
PROVIDENCE,RI02906 		20-1101662 501(c)(3) 21,667       EDUCATION
(15) AMERICAN CREDIT ALLIANCE2 SOUTH DELMORR AVE 501
MORRISVILLE,PA19067 		22-3183518 501(c)(3) 8,080       EDUCATION
(16) NJ COALITION FOR FIN EDUCATIONATTN KENNY LEE TREASURER
308 WEST STATE STREET
TRENTON,NJ08618 		22-3743460 501(c)(3) 19,333       EDUCATION
(17) ALABAMA COUNCIL ON ECON EDUC205 20TH ST N STE 908
BIRMINGHAM,AL352034708 		23-7048024 501(c)(3) 13,430       EDUCATION
(18) VIRGINIA COUNCIL ON EC EDVA COMMONWEALTH UNIV
PO BOX 844000
RICHMOND,VA23284 		23-7087052 501(c)(3) 12,384       EDUCATION
(19) MISSOURI COUNCIL ON ECON EDUCUNIVERSITY OF MO - KANSAS CITY
5100 ROCKHILL RD
KANSAS CITY,MO64110 		23-7112100 501(c)(3) 27,175       EDUCATION
(20) KENTUCKY COUNCIL ON ECON EDUC11601 BLUEGRASS PKWY
LOUISVILLE,KY40299 		23-7356635 501(c)(3) 19,484       EDUCATION
(21) ECON CTR FOR EDUC & RESEARCHUNIVERSITY OF CINCINNATI
PO BOX 210223
CINCINNATI,OH452210223 		31-0898481 501(c)(3) 21,295       EDUCATION
(22) CALIFORNIA COUNCIL ON ECON EDCSU - SAN BERNARDINO
5500 UNIVERSITY PARKWAY
SAN BERNARDINO,CA92407 		33-0237320 501(c)(3) 13,312       EDUCATION
(23) INDIANA COUNCIL ON ECON EDUCPURDUE UNIVERSITY
615 W STATE ST/AG ADMIN BLDG
WEST LAFAYETTE,IN47907 		35-6002041 501(c)(3) 5,200       EDUCATION
(24) ILLINOIS COUNCIL ON ECON EDNORTHERN ILLINOIS UNIVERSITY
DeKALB,IL60115 		36-2650453 501(c)(3) 17,476       EDUCATION
(25) U OF IL AT URBANA-CHAMPAIGNCTR FOR ECONOMIC EDUCATION
DEPT OF AG CONSUMER ECON
URBANA,IL61801 		37-6000511 501(c)(6) 20,667       EDUCATION
(26) U OF IL AT CHICAGOCTR FOR ECONOMIC EDUCATION
601 S MORGAN STREET 2127
CHICAGO,IL606077121 		37-6000061 501(c) (6) 8,625       EDUCATION
(27) COOPERATIVE EDUCATIONAL SVCAGENCY 11
225 OSTERMANN DRIVE
TURTLE LAKE,WI54889 		39-1483818   9,969       EDUCATION
(28) ECONOMICS WISCONSIN7635 W BLUEMOUND ROAD
SUITE 106
MILWAUKEE,WI53213 		39-6076951 501(c)(3) 16,466       EDUCATION
(29) MN COUNCIL ON ECON EDUCATIONU OF MN DEPT OF APPL ECONOMICS
1994 BUFORD AVENUE
ST PAUL,MN551086040 		41-6040647 501(c)(3) 37,108       EDUCATION
(30) PROBASCO CHAIR OF FREE U OF TENN-CHATTANOOGA CEESuite 313 Fletcher Hall
615 MCCALLIE AVENUE
CHATTANOOGA,TN37403 		62-6001636   5,525       EDUCATION
(31) UNO CTR FOR ECONOMIC EDUCATIONCOLLEGE OF BUSINESS ADMIN
DEPT OF ECONOMICS RM 508G
OMAHA,NE681821148 		47-0049123 501(c)(3) 7,000       EDUCATION
(32) UNIVERSITY OF NE FOUNDATION1010 LINCOLN MALL STE 300
LINCOLN,NE68508 		47-0379839 501(c)(3) 15,000       EDUCATION
(33) NEBRASKA COUNCIL ON ECON EDUCUNIV OF NEBRASKA-LINCOLN
309 COLLEGE OF BUSINESS/ADMIN
LINCOLN,NE685880404 		47-6036149 501(c)(3) 36,756       EDUCATION
(34) KANSAS COUNCIL ON ECON EDUCWICHITA STATE UNIVERSITY
1845 FAIRMONTCBOX 147
WICHITA,KS672600147 		48-6116794 501(c)(3) 5,214       EDUCATION
(35) DELAWARE CEE & ENTRPRENEURSHIPUNIVERSITY OF DELAWARE
102 ALFRED LERNER HALL
NEWARK,DE19716 		51-6000279 501(c)(3) 9,000       EDUCATION
(36) MARYLAND COUNCIL ON ECON EDTOWSON UNIV - STEPHENS HL 112
8000 YORK ROAD
TOWSON,MD212520001 		52-0743956 501(c)(3) 26,225       EDUCATION
(37) National Association of Econ EducatorsUIC CENTER FOR ECONOMIC EDUCATION
CHIACGO,IL60607 		31-1093778 501(c)(6) 7,500       EDUCATION
(38) FIRST NATIONS OWEESTA CORP910 5TH STREET SUITE 101
RAPID CITY,SD57701 		54-1970097 501(c)(3) 8,333       EDUCATION
(39) NC COUNCIL ON ECONOMIC EDUCATION3825 Barrett Drive Suite 103
Raleigh,NC27609 		23-7115503 501(c)(3) 34,275       EDUCATION
(40) SCAROLINA COUNCIL ON ECON EDU OF SOUTH CAROLINA
1705 COLLEGE ST RM 651
COLUMBIA,SC29208 		57-0706566 501(c)(3) 7,940       EDUCATION
(41) GEORGIA COUNCIL ON ECON EDUCPOBOX 1619
ATLANTA,GA303011619 		58-1137332 501(c)(3) 39,250       EDUCATION
(42) GEORGIA COLLEGE & STATE UNIVCAMPUS BOX 22
MILLEDGEVILLE,GA31061 		58-6043972 501(c)(3) 8,333       EDUCATION
(43) EASTERN KENTUCKY UNIVERSITY520 LANCASTER AVE
COATES CPO BOX 3A
RICHMOND,KY40475 		61-1011211 501(c)(3) 25,923       EDUCATION
(44) JR ACHIEVEMENT OF GREATER NEW ORLEANS5100 ORLEANS AVENUE
NEW ORLEANS,LA70124 		72-0469314 501(c)(3) 10,000       EDUCATION
(45) OKLAHOMA COUNCIL ON ECON EDUCUNIV OF CENTRAL OKLAHOMA
100 N UNIVERSITY DR BOX 103
EDMOND,OK73034 		73-6102613 501(c)(3) 27,427       EDUCATION
(46) IDAHO STATE UNIVERSITYCTR FOR ECONOMIC EDUCATION
COLLEGE OF ED - CAMPUS BX 8019
POCATELLO,ID832098019 		82-6000924 501(c)(3) 5,092       EDUCATION
(47) COLORADO COUNCIL ON ECON EDUC3443 S GALENA STREET
SUITE 190
DENVER,CO80231 		84-0646077 501(c)(3) 15,278       EDUCATION
(48) ARIZONA COUNCIL ON EC ED6991 E CAMELBACK ROAD
SUITE B-297
SCOTTSDALE,AZ85251 		86-0896574 501(c)(3) 19,533       EDUCATION
(49) LABOR-RELIGION COALITION NYS800 TROY-SCHENECTADY ROAD
LATHAM,NY121102455 		14-1798943 501(c)(3) 5,084       EDUCATION
(50) WASHINGTON COUNCIL ON EC EDW WASH UNIV - MS 9074
516 HIGH ST - PARKS HALL 315
BELLINGHAM,WA982259074 		91-6061016 501(c)(3) 5,294       EDUCATION
(51) Financial Beginnings7327 SW Barnes Road 213
PORTLAND,OR97225 		20-3530960 501(c)(3) 6,008       EDUCATION
(52) RIVERSIDE UNIFIED SCHOOL DIST6050 INDUSTRIAL AVENUE
RIVERSIDE,CA92504 		95-2883296 501(c)(3) 7,500       EDUCATION
(53) HAWAII COUNCIL ON ECON ED111 HEKILI STREET SUITE A232
KAILUA,HI96734 		99-6010090 501(c)(3) 10,000       EDUCATION
(54) BEN DAVIS HIGH SCHOOL1200 NORTH GIRLS SCHOOL ROAD
INDIANAPOLIS,IN46214 		35-1072270   8,000       EDUCATION
(55) CENTRAL INDIANA EDUCATIONAL SERVICES CENTER6321 LA PAS TRAIL SUITE 200
INDIANAPOLIS,IN46268 		35-1811036 501(c)(3) 8,650       EDUCATION
(56) NORTHERN MICHIGAN UNIVERSITYECON DEPT - CHOHODAS 203A
1401 PRESQUE ISLE AVENUE
MARQUETTE,MI49855 		38-6022906   6,599       EDUCATION
(57) GOVERNORS STATE UNIVERSITYOFFICE OF ECONOMIC EDUCATION 1 UNI
UNIVERSITY PARK,IL60484 		36-2684803 501(c)(3) 6,415       EDUCATION
(58) EAST BAY ASIAN LOCAL DEVELOPMENT CORPORATION30 EIGHT STREET
OAKLAND,CA94607 		51-0171851 501(c)(3) 8,280       EDUCATION
2
Enter total number of section 501(c)(3) and government organizations ......................... Bullet Image
59
3
Enter total number of other organizations ................................ . Bullet Image
0
For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50055P
Schedule I (Form 990) 2010

Schedule I (Form 990) 2010
Page 2
Part III
Grants and Other Assistance to Individuals in the United States. Complete if the organization answered "Yes" to Form 990, Part IV, line 22.
Use Schedule I-1 (Form 990) if additional space is needed.
(a)Type of grant or assistance (b)Number of
recipients		 (c)Amount of
cash grant		 (d)Amount of
non-cash assistance		 (e)Method of valuation (book,
FMV, appraisal, other)		 (f)Description of non-cash assistance
(1) Scholarships 29 21,250      













Part IV
Supplemental Information. Complete this part to provide the information required in Part I, line 2, and any other additional information.
Identifier Return Reference Explanation
Schedule I Part I, Line 2 The Council for Economic Education undertakes a thorough review process to ensure that all grant monies it remits are used in a manner that is consistent with the organization's tax-exempt mission. Once the Council disburses the grant funds, the Council will monitor the grant by requiring grantees to submit regular reports indicating what the funds were used for. Continued support through future grants is typically conditioned upon the receipt of reports that satisfy the Council's criteria that the funds be used for educational purposes. Finally, the Council's program officers will frequently communicate with grantees to ensure that projects are on schedule and that funds are being used wisely.
Schedule I (Form 990) 2010


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Schedule J
(Form 990)
Department of the Treasury
Internal Revenue Service
Compensation Information
For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
SchJMediumBullet Complete if the organization answered "Yes" to Form 990,
Part IV, question 23.
SchJMediumBullet Attach to Form 990. SchJMediumBullet See separate instructions.
OMB No. 1545-0047
2010
Open to Public Inspection
Name of the organization
Council for Economic Education
 
Employer identification number

13-1623848
Part I
Questions Regarding Compensation
Yes
No
1a
Check the appropiate box(es) if the organization provided any of the following to or for a person listed in Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.
b
If any of the boxes in line 1a are checked, did the organization follow a written policy regarding payment or reimbursement orprovision of all the expenses described above? If "No," complete Part III to explain....
1b
 
 
2
Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all
officers, directors, trustees, and the CEO/Executive Director, regarding the items checked in line 1a? ....
2
 
 
3
Indicate which, if any, of the following the organization uses to establish the compensation of the
organization's CEO/Executive Director. Check all that apply.
4
During the year, did any person listed in Form 990, Part VII, Section A, line 1a with respect to the filing organization or a related organization:
a
Receive a severance payment or change-of-control payment? ...............
4a
Yes
 
b
Participate in, or receive payment from, a supplemental nonqualified retirement plan? ........
4b
 
No
c
Participate in, or receive payment from, an equity-based compensation arrangement? ........
4c
 
No
If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.
Only 501(c)(3) and 501(c)(4) organizations only must complete lines 5-9.
5
For persons listed in form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:
a
The organization? ...........................
5a
 
No
b
Any related organization? .........................
5b
 
No
If "Yes," to line 5a or 5b, describe in Part III.
6
For persons listed in form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:
a
The organization? ...........................
6a
 
No
b
Any related organization? .........................
6b
 
No
If "Yes," to line 6a or 6b, describe in Part III.
7
For persons listed in Form 990, Part VII, Section A, line 1a, did the organization provide any non-fixed
payments not described in lines 5 and 6? If "Yes," describe in Part III ............
7
Yes
 
8
Were any amounts reported in Form 990, Part VII, paid or accured pursuant to a contract that was
subject to the initial contract exception described in Regs. section 53.4958-4(a)(3)? If "Yes," describe
in Part III .............................
8
 
No
9
If "Yes" to line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)? .........................
9
 
 
For Privacy Act and Paperwork Reduction Act Notice, see the Intructions for Form 990
Cat. No. 50053T
Schedule J (Form 990) 2010

Schedule J (Form 990) 2010
Page 2
Part II
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees. Use Schedule J-1 if additional space needed.
For each individual whose compensation must be reported in Schedule J, report compensation from the organization on row (i) and from related organizations, described in the
instructions on row (ii). Do not list any individuals that are not listed on Form 990, Part VII.

Note. The sum of columns (B)(i)-(iii) must equal the applicable column (D) or column (E) amounts on Form 990, Part VII, line 1a.
(A) Name (B) Breakdown of W-2 and/or 1099-MISC compensation (C) Retirement and other deferred compensation (D) Nontaxable
benefits		 (E) Total of columns
(B)(i)-(D) 		(F) Compensation
reported in prior
Form 990 or
Form 990-EZ
(i) Base compensation (ii) Bonus & incentive compensation (iii) Other reportable compensation
(1) Nan J Morrison (i)
(ii)		 233,333
0 		0
0 		305
0 		0
0 		0
0 		233,638
0 		0
0
(2) Renee M Colombo (i)
(ii)		 167,544
0 		0
0 		343
0 		14,280
0 		6,891
0 		189,058
0 		0
0
(3) Patricia K Elder (i)
(ii)		 176,272
0 		0
0 		91,426
0 		10,200
0 		440
0 		278,338
0 		0
0













Schedule J (Form 990) 2010

Schedule J (Form 990) 2010
Page 3
Part III
Supplemental Information
Complete this part to provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 4c, 5a, 5b, 6a, 6b, 7, and 8. Also complete this part for any additional information.
Identifier Return Reference Explanation
Form 990, Schedule J, Line 4a   Top 5 highest paid employee, Patricia Elder, separated from service from the Council in 2010. Ms. Elder received $90,000. This payment has been reflected in Schedule J, Part III, column (b)(iii).
Schedule J (Form 990) 2010

Additional Data


Software ID:  
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SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or to provide any additional information.
MediumBullet Attach to Form 990 or 990-EZ.
OMB No. 1545-0047
2010
Open to Public
Inspection
Name of the organization
Council for Economic Education
 
Employer identification number

13-1623848
Identifier Return Reference Explanation
Form 990, Part VI, Line 11   The Form 990 was prepared by a nationally renowned accounting firm in conjunction with the organization's financial department. A copy of the draft Form 990 was circulated to the full Board of Directors for discussion and comment. Each Board Member was provided ample opportunity to comment on the information contained in the 990 prior to its electronic filing with the Internal Revenue Service.
Form 990, Part VI, Line 12   Each officer, director, trustee and key employee of the Organization is required to annually disclose any conflicts of interest that arise by virtue of their employment, board service, or position with the Organization. The Organization monitors compliance with its conflict of interest policy through an annual questionnaire/disclosure statement that is distributed to these individuals. Potential conflicts are investigated immediately.
Form 990, Part VI, Line 15   The Organization undertakes a thorough process to ensure that the executive compensation it pays to its top management official and all its officers and key employees is reasonable given the market in which the Organization operates. The organization has undertaken a formal benchmarking survey in 2010, the results of which were not implemented until 2011. Compensation-related matters are discussed by management with the full Board of Directors and memorialized, as required, in the Board Minutes.
Form 990, Part VI, Line 19   The organization makes its Form 990 available to the public by retaining a copy at its place of business and on its website. The Form 990 is likewise published on the internet at www.guidestar.org. The organization's financial statements, governing documents and conflict of interest policy are not ordinarily made available to the public, but, if requested, will be provided at management's discretion.
Form 990, Part XI, Line 5   Unrealized Gain on Investments $40,611
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2010

Additional Data


Software ID:  
Software Version: