Nonprofit · EIN 51-6024095
DELAWARE COUNCIL ON ECONOMIC EDUCATION INC
Tax-exempt · NEWARK, DE 19715
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $368,572 | $330,183 | $38,389 | $517,593 | $0 | $517,593 |
| June 30, 2024 | 990 | $304,760 | $498,126 | -$193,366 | $479,204 | $0 | $479,204 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $353,300
- Program service revenue
- $0
- Investment income
- $15,272
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $230,000
- Compensation of officers, directors and key employees
- $32,500
- Other salaries and wages
- $45,750
- Salaries, compensation and benefits (total)
- $78,250
- Professional fundraising fees
- $0
- Accounting fees
- $8,800
- Travel
- $5,667
- Program services (functional)
- $280,906
- Management and general (functional)
- $49,277
Balance sheet and other
- Total assets, start of year
- $479,204
- Total assets, end of year
- $517,593
- Total liabilities, end of year
- $0
- Net assets, end of year
- $517,593
- Net assets without donor restrictions
- $265,067
- Net assets with donor restrictions
- $252,526
- Gross receipts
- $368,572
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1963
- State of legal domicile
- DE
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CARLOS J ASARTA | PRESIDENT AND SECRETARY Trustee or director, Officer | 3 | $32,500 |
| TIM BOULDEN | BOARD MEMBER Trustee or director | 1 | $0 |
| CANDICE CARUSO | BOARD MEMBER Trustee or director | 1 | $0 |
| DAVID A COLE | BOARD MEMBER Trustee or director | 1 | $0 |
| JENNIFER CUVA | BOARD MEMBER Trustee or director | 1 | $0 |
| JOE DEPAULO | BOARD MEMBER Trustee or director | 1 | $0 |
| FRANK T DOUGHERTY | BOARD MEMBER Trustee or director | 1 | $0 |
| KEVIN T HERSH | BOARD MEMBER Trustee or director | 1 | $0 |
| ANDREW T HILL | BOARD MEMBER Trustee or director | 1 | $0 |
| JOSEPH M JONES | BOARD MEMBER Trustee or director | 1 | $0 |
| TED KENT | BOARD MEMBER Trustee or director | 1 | $0 |
| J RANDALL KUNKLE | BOARD MEMBER Trustee or director | 1 | $0 |
| LISA KIRKWOOD | CHAIRPERSON Trustee or director, Officer | 1 | $0 |
| GREGORY F LAVELLE | TREASURER Trustee or director, Officer | 1 | $0 |
| DAVID LYONS JR | VICE CHAIR Trustee or director | 1 | $0 |
10 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BONNIE T MESZAROS | BOARD MEMBER Trustee or director | 1 | $0 |
| JUAN M LICARI | BOARD MEMBER Trustee or director | 1 | $0 |
| JAMES B O'NEILL | BOARD MEMBER Trustee or director | 1 | $0 |
| MUNISH PAHWA | BOARD MEMBER Trustee or director | 1 | $0 |
| DANA M RAFTAS | BOARD MEMBER Trustee or director | 1 | $0 |
| JAMES J ROSZKOWSKI | BOARD MEMBER Trustee or director | 1 | $0 |
| WESLEY T STEFANICK | BOARD MEMBER Trustee or director | 1 | $0 |
| ROBERT STRONG | BOARD MEMBER Trustee or director | 1 | $0 |
| SAMUEL L WALTZ JR | BOARD MEMBER Trustee or director | 1 | $0 |
| KEVIN A WORSH | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 25 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CARLOS J ASARTA | PRESIDENT AND SECRETARY Trustee or director, Officer | 3 | $30,000 |
| TIM BOULDEN | BOARD MEMBER Trustee or director | 1 | $0 |
| CANDICE CARUSO | BOARD MEMBER Trustee or director | 1 | $0 |
| DAVID A COLE | BOARD MEMBER- PAST CHAIR Trustee or director | 1 | $0 |
| JENNIFER CUVA | BOARD MEMBER Trustee or director | 1 | $0 |
| JOE DEPAULO | BOARD MEMBER Trustee or director | 1 | $0 |
| FRANK T DOUGHERTY | BOARD MEMBER Trustee or director | 1 | $0 |
| KEVIN T HERSH | BOARD MEMBER Trustee or director | 1 | $0 |
| ANDREW T HILL | BOARD MEMBER Trustee or director | 1 | $0 |
| JOSEPH M JONES | BOARD MEMBER Trustee or director | 1 | $0 |
| TED KENT | BOARD MEMBER Trustee or director | 1 | $0 |
| J RANDALL KUNKLE | BOARD MEMBER Trustee or director | 1 | $0 |
| LISA KIRKWOOD | CHAIRPERSON Trustee or director, Officer | 1 | $0 |
| GREGORY F LAVELLE | TREASURER Trustee or director, Officer | 1 | $0 |
| DAVID LYONS JR | VICE CHAIR Trustee or director | 1 | $0 |
| BONNIE T MESZAROS | BOARD MEMBER Trustee or director | 1 | $0 |
| CONNIE MONTANA | BOARD MEMBER - PAST CHAIR Trustee or director, Officer | 1 | $0 |
| JAMES B O'NEILL | BOARD MEMBER Trustee or director | 1 | $0 |
| MUNISH PAHWA | BOARD MEMBER Trustee or director | 1 | $0 |
| DANA M RAFTAS | BOARD MEMBER Trustee or director | 1 | $0 |
| JAMES J ROSZKOWSKI | BOARD MEMBER Trustee or director | 1 | $0 |
| WESLEY T STEFANICK | BOARD MEMBER Trustee or director | 1 | $0 |
| ROBERT STRONG | BOARD MEMBER- PAST CHAIR Trustee or director | 1 | $0 |
| SAMUEL L WALTZ JR | BOARD MEMBER Trustee or director | 1 | $0 |
| KEVIN A WORSH | BOARD MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 885, NEWARK, DE 19715-0885
- In care of
- % CHARLES B REEDER
- Principal officer (990 for 2024)
- CARLOS J ASARTA, PO BOX 885, NEWARK, DE 19715
- Signed the 990
- CARLOS J ASARTA, PRESIDENT
- Phone
- (302) 831-2559
- Return prepared by
- GUNNIP & COMPANY LLP
Mission
TO INCORPORATE ECONOMICS AND ENTREPRENEURSHIP IN KINDERGARTEN TO 12TH GRADE CURRICULA IN AN EFFORT TO PROVIDE FOR AN ECONOMICALLY LITERATE SOCIETY.
Program accomplishments
- TO INCORPORATE ECONOMICS AND ENTREPRENEURSHIP IN KINDERGARTEN TO 12TH GRADE CURRICULA IN AN EFFORT TO PROVIDE FOR AN ECONOMICALLY LITERATE SOCIETY.Expenses $280,906 · grants $230,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 51-6024095
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1968
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Social science (V22Z)
- Assets (IRS master file)
- $517,593
- Income (IRS master file)
- $368,572
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $368,572 | $330,183 | $517,593 | XML |
| 990 | June 2024 | $304,760 | $498,126 | $479,204 | XML |
| 990 | June 2023 | $382,802 | $253,820 | $672,570 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 51-6024095).
Questions about DELAWARE COUNCIL ON ECONOMIC EDUCATION INC
- What is the EIN of DELAWARE COUNCIL ON ECONOMIC EDUCATION INC?
- The employer identification number (EIN) of DELAWARE COUNCIL ON ECONOMIC EDUCATION INC is 51-6024095.
- Is DELAWARE COUNCIL ON ECONOMIC EDUCATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1968.
- Are donations to DELAWARE COUNCIL ON ECONOMIC EDUCATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DELAWARE COUNCIL ON ECONOMIC EDUCATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of DELAWARE COUNCIL ON ECONOMIC EDUCATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did DELAWARE COUNCIL ON ECONOMIC EDUCATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of DELAWARE COUNCIL ON ECONOMIC EDUCATION INC?
- The 990 for the year ended June 30, 2025 names CARLOS J ASARTA.
- Who are the officers and directors of DELAWARE COUNCIL ON ECONOMIC EDUCATION INC?
- The 990 for the year ended June 30, 2025 lists 25 people; 1 received compensation from the organization, the highest $32,500 (CARLOS J ASARTA, PRESIDENT AND SECRETARY).
- How much revenue does DELAWARE COUNCIL ON ECONOMIC EDUCATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $368,572, expenses of $330,183 and total assets of $517,593 at year end.
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