Minnesota Council on Economic Education

Mission Statement

The mission of the Minnesota Council on Economic Education to equip Minnesotans with the economic and personal financial understanding needed to succeed in today’s complex economy.

Impact and Programs

Accomplishments MCEE, Minnesota's lead provider of professional development to K-12 teachers in personal finance and economics, provides a range of top-quality courses and curricula for teachers, and engaging student and community-based programs that improve personal financial and economic knowledge and skills. Research has shown that teachers equipped with deeper content knowledge deliver a more impactful learning experience for their students. Through MCEE, teachers learn to make economics relevant, meaningful, and exciting to students. In 2016-17, MCEE held 25 professional development programs training to 473 teachers. These teachers in turn taught 47,000+ students that year alone! Over 2,400 students participated directly in MCEE programs and competitions. MCEE also works with community agencies in St. Paul and Minneapolis through our Community Mentorship for Financial Capability program. This program builds community agency capacity to provide personal finance education to low-income clients and recent immigrants. Since 2005, MCEE has successfully implemented this program with over 115 agencies throughout Minnesota. 2016-2017 impact at-a-glance: 49,511 students reached 473 teachers trained 25 programs offered 2,400+ students participated in MCEE programs and competitions 42% of students at schools reached qualify for free and reduced price lunch 40% of students at schools reached are students of color 57% of students that participated in MCEE programming identify as students of color 115 Community Financial Education partners since 2005 3,000+ individuals served through community financial education since 2005
Current Goals Organizational goals Goal 1: Expand Reach and Impact with K-12 teachers and increasing student participation in MCEE programs, improving learning outcomes, and striving for participation that reflects the diversity of our state and promoting women in economics and personal finance education. Goal 2: Expand Brand Awareness, increasing public awareness of the importance of economic and personal finance education and the impact of MCEE. Goal 3: Expand Capacity to facilitate growth in reach/impact and brand awareness by building inner strength, measuring outcomes, upholding integrity, and fostering volunteer opportunities. Some programmatic goals College Dollars & Sense for high school students: 100% of students attending this program identify as students of color, low-income, or first generation to attend college. Students demonstrate at least a 35% increase in pre- and post-test knowledge on personal finance and financial aid basics. At least 90% of students show confidence in personal finance choices, as it pertains to paying for and accessing college. Mathematics and Economics curriculum for grades 2-4: Students in SPPS and MPS will achieve, on average, a 35% increase in mathematics skills from pre- to post-test across the targeted grade levels. Fostering Future Entrepreneurs: 80% of participating teachers will show proficiency in entrepreneurship, design thinking, and social entrepreneurship. 80% of instructed students will demonstrate improved knowledge of divergent thinking techniques, design thinking principles, and the iterative feedback-oriented process. Personal Finance for Young Mothers, for parenting high school students: 100% of students demonstrate increased confidence, knowledge, and positive change in attitudes and behaviors.
Community or Constituency Served MCEE fulfills its mission of building economic and personal financial understanding in K-12 students and low-income families by teaching teachers, engaging students, and reaching communities. Since 1961, MCEE has trained over 32,000 teachers, affecting the lives of over 2.8 million young people in MN. Since 2005, MCEE has also worked with over 115 community organizations, providing personal finance education to over 2,800 low-income Minnesotans. MCEE is unique in its focus on K-12 teacher professional development in economics and personal finance, and helps Minnesotans understand and make sound economic choices, improve individual personal financial situations, and participate effectively in their community and state (and national/world) economies.
Geographic Area Served State of Minnesota

Reports & Finances

If you have additional questions regarding a nonprofit's financials, visit their website, or call and ask to review their IRS Form 990, Annual Report, or Audit for a more complete picture of their financial story.
Major Program Expenses
Teacher, student, and community programs service expenses:
$296,227
3 Year Average Expenses
Program Services
$351,665
70%
Management
$77,767
15.5%
Fundraising
$72,849
14.5%
Unrestricted Net Assets
End of Year:
Beginning of Year:
Difference:
2017
$756,109
$701,895
$54,214
2016
$701,895
$593,727
$108,168
2015
$593,727
$623,970
($30,243)

Organization Last Reviewed on 07/09/2019

This date is representative of when we completed our initial Accountability Wizard® nonprofit review, and provided the organization with their results. This review is good for three years from the date provided
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Connect

Address:
1994 Buford Avenue
St. Paul, MN 55108
Phone: 612-625-3727
Website: www.mcee.umn.edu

General Information

Alternative Name: Minnesota State Council on Economic Education
EIN: 41-6040647
Principal Staff: Julie Bunn
Number of Full-Time Equivalents (FTE): 3.5
Volunteer Opportunities: Yes
Number of Clients: 3,057 directly; 47,000 indirectly
Ruling Year: 1964

Board

Board Chair: Steve Gathje
Number of Board Members: 41
Board Meetings with Quorum: 4
Average Member Attendance: 22.3

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700 Raymond Avenue, Suite 160 • Saint Paul, MN 55114
Phone: (651) 224–7030 • E-mail: info@smartgivers.org

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