EIN 71-6058254

Arkansas Council on Economic Education

IRS 501(c) type
501(c)(3)
Num. employees
6
Year formed
1962
Most recent tax filings
2023-05-01
Description
Arkansas Council on Economic Education increases economic literacy through school resources and initiatives such as the Stock Market Game.
Total revenues
$834,013
2023
Total expenses
$1,024,995
2023
Total assets
$678,557
2023
Num. employees
6
2023

Program areas at Arkansas Council on Economic Education

Teacher professional development: k-12 educators in Arkansas are required to obtain 36 hours per year of professional development training, and we are certified by the Arkansas department of Education to provide these hours through workshops and in-service training opportunities both in-person and virtual. We host multi-day workshops in the summer, plus 1-6 hour trainings during the school year. We partner with a variety of entities to provide engaging, creative and user-friendly resources to assist teachers with integrating Economic, personal finance and entrepreneurship concepts into their classrooms no matter what grade level or subject matter they teach. To learn more, visit www.economicsarkansas.org.
Additional initiatives offered by economics Arkansas include cee/naee dues, public relations, teacher awards program, resource extender support, student and family programs, new and other program enterprises.cee/naee dues allow discounts on Economic Education materials, priority access to regional and national conferences, award opportunities and occasions to participate in national program opportunities.economics Arkansas utilizes part of its public relations budget to support teacher and student presentations. Also included are memberships to professional organizations such as Arkansas association of educational administrators and chambers of commerce within the state. They serve as resources for promotion of materials and services we make available to Arkansas educational institutions.annually, teachers are invited to submit requests for up to $750 in funding to assist in integrating economics and personal finance into their classrooms. At the end of the project, teachers may submit their projects via written application for the opportunity win a state award, including a cash award and the coveted "bessie" statue.while economics Arkansas operates with a small staff, we are fortunate to have multiple "resource extenders" of master Economic teachers (mets) and centers for Economic Education. Mets are classroom educators who have participated in our workshops and trainings and have demonstrated proficiency and ease with incorporating Economic and financial Education concepts into their classrooms in creative ways. Currently, there are 24 active mets, plus four retired educators dubbed "met emeritus" who continue to support the programs of economics Arkansas. Also the organization began an "Economic Arkansas ambassadors" program for teachers across the state who strive to promote Economic Education and personal finance programs in their respective areas. Currently, there are 52 ambassadors assisting ea to educate and raise awareness of services and programs available. In addition, Arkansas has six centers for Economic Education based in universities throughout the state, led by center directors who have Economic training, who provide training and assistance to teachers in their geographic areas.economics Arkansas is keenly aware of changes in the educational environment and strives to constantly evolve to meet the professional development needs of teachers as well as develop innovative offerings to engage students and families in the "real life" Education Economic Education offers. We invest in new program ideas to test their viability and effectiveness. Sometimes these offerings become part of economics Arkansas' core programs and sometimes they may only have a season of one or two years. Sometimes we assist with creating initiatives for other organizations to execute. Whatever the outcome of these opportunities, our vision remains for Arkansas students to master an understanding economics and personal finance and apply that knowledge for success in the free-enterprise system.economics Arkansas offers various engagement opportunities for students and families. Competitions for students in grades 9-12 such as economics challenge, personal finance challenge, pitch it! And $10 challenge are offered to not only test Economic and financial knowledge but also to promote entrepreneurship skills encouraging business plan development of innovative solutions to gaps in services and products. For lower grades, econ games and picturing econ art competitions are offered. Econ games targets grades 4-5. Student teams apply their knowledge of economics and personal finance by creating and participating in an assembly line, taking a critical thinking test, and developing and presenting an idea that solves a real-world problem. Students in grades k-8 participate in an art competition where they are challenged to picture economics by illustrating their understanding of its concepts. These competitions bring to "real life" the vast applications of classroom learning. Family engagement opportunities occur through the ar reads program which targets grades k-5 and incorporates a reading initiative with Economic concept learning. Schools adopt a book and teachers, students and parents read the book together, discussing and learning economics and personal finance concepts therein. Economics Arkansas develops activities and resources for both school and home situations and makes them available free for download via its website www.economicsarkansas.org. Another opportunity consists of family financial literacy nights, where schools commit to host events and ea provides kits filled with activities, supplies and resources that families can participate in and learn together.
The stock market game(tm): this investment simulation is offered each school year to students in grades 4 - 12. We host two 13-week sessions, one in the fall and one in the spring. In addition, we offer a yearlong session from september through april. Teachers register student teams to manage and trade "live" a hypothetical $100,000 portfolio of stocks, bonds and mutual funds. Their goal is to grow the portfolio as much as possible during the session for which they registered. This standards-based "game" integrates technology, math, social studies, higher-level thinking, team building, and of course, economics into one engaging learning tool for teachers. This program served 16,390 students last year. An extension of this program is an essay-writing contest called "investwrite" where students submit responses to a given investment question. Arkansas is proud to have both state and national winners in this program. This program is free of charge to teachers via the generous sponsorships of walton family foundation and Arkansas securities department.

Who funds Arkansas Council on Economic Education

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Economics Arkansas FoundationTo Increase the Economic Literacy of Prek-12Th Grade Students in Arkansas.$119,539
Central Arkansas Planning and Development District (CAPDD)17/18 Year Support$10,000

Personnel at Arkansas Council on Economic Education

NameTitleCompensation
Kathleen LawsonExecutive Director$120,069
Kathy MooreAdministrative Manager
Randy LawsonImmediate Past Chair$0
Randi ChambersTreasurer$0
Dr. Chris NailPresident$0
...and 5 more key personnel

Financials for Arkansas Council on Economic Education

RevenuesFYE 05/2023
Total grants, contributions, etc.$857,996
Program services$16,444
Investment income and dividends$8,265
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$-52,644
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$3,952
Total revenues$834,013

Form 990s for Arkansas Council on Economic Education

Fiscal year endingDate received by IRSFormPDF link
2023-052023-12-12990View PDF
2022-052022-11-30990View PDF
2021-052021-11-08990View PDF
2020-052021-04-02990View PDF
2019-052020-08-11990View PDF
...and 9 more Form 990s
Data update history
February 5, 2024
Posted financials
Added Form 990 for fiscal year 2023
February 4, 2024
Received grants
Identified 1 new grant, including a grant for $119,539 from Economics Arkansas Foundation
January 30, 2024
Updated personnel
Identified 10 new personnel
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2022
July 6, 2023
Updated personnel
Identified 2 new personnel
Nonprofit Types
Social advocacy organizationsResearch centersHeadquarter / parent organizationsCharities
Issues
Social sciencesHuman servicesChildren
Characteristics
Conducts researchFundraising eventsState / local levelReceives government fundingTax deductible donations
General information
Address
PO Box 3447
Little Rock, AR 72203
Metro area
Little Rock-North Little Rock-Conway, AR
County
Pulaski County, AR
Website URL
economicsarkansas.org/ 
Phone
(501) 682-4230
IRS details
EIN
71-6058254
Fiscal year end
May
Taxreturn type
Form 990
Year formed
1962
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
V20: Social Science Research Institutes, Services
NAICS code, primary
813319: Social Advocacy Organizations
Parent/child status
Central organization
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