VIRGINIA COUNCIL ON ECONOMIC EDUCATION Charity Report

Public IRS 990 nonprofit record

VIRGINIA COUNCIL ON ECONOMIC EDUCATION

EIN 23-7087052 · Science & Technology Research Institutes & Services (V22Z)

What they do

to Provide Virginias K-12 Students With The Economic Knowledge and Financial Skills Needed to Thrive In Our Dynamic Economy By Providing Professional Development and Classroon Resources to All Virginia K-12 Teachers Who Teach Economics and Personal Finance At No Cost to The Teachers or School Divisions.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $73.30 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders40 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

97.14%of revenue went to mission work73.3% of expenses · Program services

10.04%of revenue went to fundraising7.6% of expenses

$132.48spent for every $100 of revenueSpending was higher than revenue this year.

25.30%of revenue went to management and office costs19.1% of expenses

$1.26in assets for every $1 spent this yearSome assets cannot be spent right away.

91.2%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $253,834 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $137,758 for O KATE SCOTT (PRESIDENT AND CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$781,567

Mission workProgram services$759,22697.14% of revenue73.3% of expenses

ManagementOffice and general costs$197,74025.30% of revenue19.1% of expenses

FundraisingAsking for donations$78,43510.04% of revenue7.6% of expenses

Total expenses$1,035,401132.48% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 73.3% mission · 19.1% management · 7.6% fundraisingTotal expenses: 132.48% of revenue

2023Expense mix: 73.9% mission · 21.4% management · 4.7% fundraisingTotal expenses: 129.58% of revenue

2022Expense mix: 77.5% mission · 17.9% management · 4.6% fundraisingTotal expenses: 102.69% of revenue

2021Expense mix: 73.7% mission · 18.6% management · 7.8% fundraisingTotal expenses: 77.35% of revenue

2020Expense mix: 75.1% mission · 18.3% management · 6.6% fundraisingTotal expenses: 92.47% of revenue

2019Expense mix: 75.0% mission · 18.9% management · 6.0% fundraisingTotal expenses: 112.38% of revenue

2018Expense mix: 74.6% mission · 20.1% management · 5.3% fundraisingTotal expenses: 94.54% of revenue

2017Expense mix: 74.3% mission · 20.2% management · 5.5% fundraisingTotal expenses: 94.32% of revenue

Money in and money out

Revenue$781,567

Expenses$1,035,401

Annual shortfall $253,834 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$759,226 · 73.3% of expenses

Management and office costs$197,740 · 19.1% of expenses

Fundraising$78,435 · 7.6% of expenses

See all reported dollar amounts

Revenue$781,567

Expenses$1,035,401

Assets$1,309,649

Income$1,107,740

Contributions$712,858

Mission work (program services)$759,226

Fundraising$78,435

Management and general$197,740

Stocks and bonds$452,880

Accounting fees$29,850

Investing fees$6,438

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

O KATE SCOTTPRESIDENT AND CEO · 40 hrs/week $137,758Base $105,839 · Other $31,919

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (40)

O KATE SCOTTPRESIDENT AND CEO

RENEE S HALTOMBOARD MEMBER

KEITH M MARTINBOARD MEMBER

L JAMES BORGESBOARD MEMBER

LORENZO AMANIBOARD MEMBER

LYNNE MALLORY-WINTERBOARD MEMBER

MARGE BLACKBOARD MEMBER

MARY G MORRISBOARD MEMBER

MICHEL ZAJURBOARD MEMBER

NEIL AMINBOARD MEMBER

KATHARINE M BONDBOARD MEMBER

ROB SHINNBOARD MEMBER

SUZANNE M GALLAGHERBOARD MEMBER

TAPAN V GANDHIBOARD MEMBER

TARA D JENKINSBOARD MEMBER

THOMAS C PALMERBOARD MEMBER

THOMAS E PHILLIPS JRBOARD MEMBER

TIM ROWEBOARD MEMBER

VATELL MARTINBOARD MEMBER

WILLIAM A CASEYBOARD MEMBER

DERWOOD S CHASEBOARD MEMBER

A FLETCHER MANGUMBOARD MEMBER

BRADLEY H GUNTERBOARD MEMBER

BRUCE T WHITEHURSTBOARD MEMBER

BRYAN S CRAMBOARD MEMBER

CHRISTOPHER LUCYCHAIRMAN

CHRISTOPHER M SHOCKLEYIMMEDIATE PAST CHAIR

CHUNG MAVICE CHAIRMAN

D OSCARLYN ELDERBOARD MEMBER

DAVID W MULLINSBOARD MEMBER

A ERIC KAUDERS JRBOARD MEMBER

EG MILLERSECRETARY/TREASURER

ERICA BILLINGSLEABOARD MEMBER

FRED THOMPSONBOARD MEMBER

GARY R THOMSONBOARD MEMBER

JAMES MALONEYBOARD MEMBER

JAMES W DYKEBOARD MEMBER

JASON DUNICKMEMBER EX-OFFICIO

JEFFREY M LACKERBOARD MEMBER

JEFFREY R LEOPOLDBOARD MEMBER

About this charity

Recognized since: January 1970
Location: 301 W MAIN STREET BOX 844000, RICHMOND, VA 23284-9051
County: City of Richmond
In care of: O Kate Scott
Primary officer: O Kate Scott, President and CEO

How to reach them

WebsiteVisit the charity’s website Emailvcee@vcu.edu Phone(804) 828-1627

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: ANDREWS ACCOUNTING AND BOOKKEEPING INC
NTEE classification: Science & Technology Research Institutes & Services (V22Z)