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BBB Charity Review for
Mississippi Council on Economic Education

A BBB Accredited Charity since 6/15/2010

 

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The information in this report has either been provided by the charity, or has been compiled by BBB from other sources.

Charity Contact & Profile

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Business Name:
Business Address: 1701 N State St
At Millsaps College
Jackson, MS 39210
See the location on a Mapquest Map
See the location on a Google Map
Original Business Start Date: 8/14/2002
Type of Entity: Charity/NonProfit
Principal:
Selena Swartzfager, President
Phone Number:
(601) 974-1325
Fax Number:
(601) 974-1416
Email Address:
Type of Business:
CHARITY - LOCAL
Primary Email: allie.hudson@millsaps.edu
Website Address:

Evaluation Conclusions

This organization has been evaluated in relation to the 20 Better Business Bureau Standards for Charitable Accountability. This organization meets all those standards.

Mission

Vision.....
"We envision all children demonstrating grade appropriate economic, entrepreneurial and financial literacy."

Values.....
"We believe that all K-12 students need to learn grade-appropriate skills in economic and financial literacy as well as entrepreneurial skills. Overarching all work in implementing the mission is to show demonstrated progress of the teachers in reaching their students with financial, entrepreneurial and economic literacy.   Of paramount importance to the organization is integrity, fiscal soundness, good stewartship of the funding, and believing in teachers and students enough to NEVER GIVE UP on them."

Mission.....
"The Mississippi Council on Economic Education (MCEE) is a non-profit, non-partisan, educational organization founded to promote economic literacy in Mississippi.  The MCEE 's mission is to meet the critical need of ensuring that the K-12 schools and teachers in Mississippi provide our young people quality instruction in economics, entrepreneurship, and personal finance that is academically sound and non-partisan.  The MCEE provides resources and training to public and private K-12 teachers in Mississippi, empowering educators to teach their students how economics relates to their lives as a worker, citizen and consumer."

Programs

Achievements for 2011:

Delivered 11,872 hours of professional development training programs to

-1,590 teachers. who will go on to train more than 15,900 Mississippi students each year of their teaching career.

-More than5,725 Mississippi students on 1,426 teams participated in the Spring 2011 and Fall 2011 Stock Market Game.

THE STOCK MARKET GAME

The Stock Market Game (SMG) which MCEE manages in Mississippi, is a national online investment competition for students in grades 4-12.  Teams of three to five students invest a virtual $100,000 in stocks, bonds and mutual funds listed on the New York Stock Exchange, the American Stock Exchange and the NASDAQ.  Trades are real-time with actual daily market pricing.

This valuable education tool provides an in-depth introduction to equity markets and supports a broader curriculum in financial and economic literacy by providing a hands-on activity that utilizes classroom instruction in an accessible and exciting format.  As part of the SMG, students learn how to conduct research, and to allocate resources while developing writing, mathematics, analytical and communication skills.

MERRILL LYNCH PROMISING YOUNG ENTREPRENEUR AWARD

Merrill Lynch and the MCEE established the Merrill Lynch Promising Young Entrepreneur Award in 2006 as a way to recognize outstanding elementary, middle or high school students for their accomplishments in entrepreneurship.  The award was created in support of Mississippi's efforts to achieve economic and financial literacy; to raise per capita income by nurturing innovation and collaboration to make the state more competitive in the knowledge-based economy.


THE MASTER TEACHER OF ECONOMICS

The Master Teacher in Economics (MTE) program is designed for middle and high school teachers to increase their economic understanding.  This improves teachers' abilities to bring economics to their students in stand-alone economics courses or to intergrate economics as a strand within social studies and business curriculums.  This program is offered state-wide at the six Centers of Economic Education affiliated with the MS Council on Economic Education The Department of Education confers the "Master Teacher of Economics" designation.  The Master Teacher of Economics is a State certificate program and secondary social studies, business and marketing teachers can earn the "193" economics endorsement by completing the MTE.

THE MASTER TEACHER OF ENTREPRENEURSHIP

The Master Teacher in Entrepreneurship (MTEnt) program is designed for teachers to increase their entrepreneurship understanding.  This improves teachers' abilities to bring entrepreneurship to their students in stand-alone entrepreneurship courses or to intergrate entrepreneurship as a strand within any subject area curriculums.  This program has been offered at the University of Southern MS Center for Economic & Entrepreneurship Education and the Delta State University Center for Economic Education and Research.  The Department of Education confers the "Master Teacher of Entrepreneurship" designation.  The MTEnt is a State certificate program and secondary business and marketing teachers can earn the "905" entrepreneurship endorsement by completing the MTEnt and various other requirements.

INTERNATIONAL ECONOMIC SUMMIT

The purpose of the International Economic Summit program is to provide students with a practical, hand on learning experience in globalization, international relations and economics.  At the Summit student teams representing the nation's of today's complex world, compete for scarce resources, form strategic country alliances, debate global issues, invest in long term development projects, interact with global economic institutions, and seek to stablize and advance the global economy.

MISSISSIPPI ECONOMIC CHALLENGE

Twenty teams qualified to compete for the State Championship title in the competition held at Millsaps College in Jackson, MS.  The winning students are each awarded $1,000 scholarships for the college of their choice.

MISSISSIPPI FINANCIAL LITERACY CHALLENGE

Students compete on the topics of Spending & Credit, Saving & Investing, Income & Money Management, and a Quiz Bowl to claim the State Championship.

SOUTH AFRICA ECONOMIC EDUCATION STUDY TOUR

The Mississippi Council on Economic Education (MCEE) hosted a study tour from South Africa in March 2011.  Visiting the United States via a CEEP grant from the US Department of Education (CEE) in New York City were 11 education/curriculum administrators.  Mississippi was chosen by CEE as a study tour location.  The participants took part in classroom observations, teachers workshops, cultural activities and tours of local businesses such as the Nissan Plant and BankPlus.

ACHIEVING DEMONSTRATED ECONOMIC AND FINANCIAL LITERACY SUMMER INSTITUTE

The 2011 MCEE Summer Institute on Achieving Demonstrated Economic and Financial Literacy was held at Delta State University in Cleveland, MS.  This program for middle school math teachers was funded by a Title II grant from the MS Dept of Education via the MS Institute for Higher Learning.  Lasting four weeks, teachers participated in the following MCEE programs and curriculum:  Master Teacher of Economics, Master Teacher of Entrepreneurship, International Economic Summit and Personal Finance.



Governance

Board Size:45
Paid Staff:3

Fundraising Methods

THE TED J ALEXANDER PERMANENT FUND FOR ECONOMIC AND FINANCIAL STABILITY
This fund was established in 2009 in honor of MCEE's founding Board Chair, Dr. Ted Alexander.  Its purpose is to secure the present and future operation of the MCEE in its work with the students and educators in MS schools.

BENEFICIARY
Simply designate the Mississippi Council on Economic Education to receive funds, in any amount or percentage you choose, as a devisee of your will, or as a beneficiary of your trust or life insurance policy.

ANNUAL US THAD COCHRAN FORUM ON AMERICAN ENTERPRISE
The Forum is the annual fundraising event for MCEE.  All proceeds go to fund teacher programming for K-12 public and private school teachers and students.

Financial Summary

According to the IRS Form 990 for the Fiscal Year ended 8/31/2011:

Total Income $779,206.00
Total Expenses $677,696.00
Gain/Loss for the Year $101,510.00

Expense Breakdown
Item Amount % of Expenses
Programs $604,990.00 89.27%
Fund Raising $46,643.00 6.88%
Administrative $26,063.00 3.85%
Miscellaneous $0.00 0.00%

Income Breakdown
Item Amount % of Income
Contributions $738,399.00 94.76%
Program Service Revenue $23,039.00 2.96%
Dividends $15,297.00 1.96%
Other Investments $2,471.00 0.32%

This report is not to be used for fundraising or promotional purposes.

Customer Complaint History

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BBB has processed no customer complaints on this charity in its three year reporting period.

Government Action(s)

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BBB has no information regarding government actions at this time.

Advertising Review

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BBB has no information regarding advertising review at this time.

Additional Information

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MSCEE uses direct mail appeals, invitations to fund raising events, print advertisements, and grant proposals to help fund the organization.

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Report as of: 8/30/2014
Copyright © 2014 Better Business Bureau®, Inc. serving Mississippi

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