ALABAMA COUNCIL ON ECONOMIC EDUCATION INC
Mission Statement
The core mission of the Alabama Council on Economic Education (ACEE) is to promote and improve economic and financial education for K-12 students in Alabama’s schools.ACEE provides comprehensive professional development, programs, and curriculum resources for teachers in economics, personal finance, and entrepreneurship. In addition, multiple classroom programs for students are offered throughout the state. ACEE delivers curriculum aligned with Alabama State Department of Education standards and graduation requirements. ACEE envisions an Alabama where all of its citizens have the knowledge, understanding, and skills to make informed economic choices.
Financial Overview — FY 2024
Compared with Peers
FY 2024| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
81.2% | 84.2% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
18.8% | 12.5% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.0% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
5.9 mo | 10.2 mo |
P10P90
|
Below median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
86.8% | 1.2% |
P10P90
|
Bottom quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
97.6% | 88.4% |
P10P90
|
Below median |
|
Revenue growth
Year over year revenue growth
|
94.8% | 5.0% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
27.9% | 4.9% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
4.1% | 0.1% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $297K | $285K | $140K | 81.2% | 2 |
| 2023 | $152K | $223K | $118K | 63.5% | 2 |
| 2022 | $228K | $168K | $184K | 61.1% | 2 |
| 2021 | $195K | $127K | N/A | — | 1 |
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