2015-2016 CCEE Annual Report_clone

45

INVESYTIENGAIRN SSTUDENTSINBYVTERSATINIINNGGTIENACSHTEURSDENTS BY TRAINING TEACHERS
1971-2016

Annual2015-2016 Report 1

COLORADO COUNCIL FOR ECONOMIC EDUCATION

LeadershipMessage

Colorado students, no matter what they do when they
grow up, are going to be part of our economic system.
Whether they are high school dropouts or earn PhDs;
whether they make $8.50/hour or $850,000/year: they are
going to make choices every day – financial and economic –
that will affect their life and the lives of those around them.
Economics and personal financial literacy is about more
than money. It’s about understanding our economy, the
forces that drive it, and developing skills to navigate it ef-
fectively.
Why would we NOT want our students to be well-prepared
as employees, potential entrepreneurs, informed voters,
and responsible citizens? And who better to guide them
through the educational process than trained teachers?
As CCEE’s new president, my goals are three-fold:
• To enroll more K-12 teachers into our accredited classes

and professional programs, especially in rural communi-
ties.
• To generate awareness of how CCEE invests in students
by training teachers, those who know their students
best.
• To seek support from community-minded businesspeo-
ple who have benefited from economic understanding
and our free enterprise system.
Thank you for supporting our mission. We could not do this
important work without you,
Debbie Pierce,
President

2 2015-2016 ANNUAL REPORT

OurMission

We empower Colorado students to achieve a lifetime
of economic understanding and financial freedom.

How will we achieve this mission

By providing economic and personal financial education
to students through training programs and classroom
resources delivered to teachers, schools and school
districts.

Vision

We envision a world where all Colorado students learn the fundamental economic and financial decision making skills
necessary to be well-informed and successful participants in our nation’s market economy.

1 Mission 1
50 Classes and Programs
100 School Districts
1,000 Teachers
115,000 Students
Infinite Opportunities

COLORADO COUNCIL FOR ECONOMIC EDUCATION

Calendar of Education Programs

July August September

The Colorado Council for Economic Stock Market Experience™ Stock Market Experience™
Education provides several types of 1 training session, see p. 6 student trading session (10-week
professional development, but is best program) and 5 training sessions, see p. 6
known for its unique open enrollment Mesa Valley School District Virtual
professional development classes. Economics 4.5 Workshop 2 Teaching Personal Financial Literacy
The 2016 offerings marked the 31st professional development in the Elementary Grades Online
year for these classes. Continuing a open enrollment online class
proud tradition, the seminars offer (6-week course), see p. 7
ongoing education in the principles
of economics, often dovetailed with With assistance from CCEE, the Taxes: Income and Equality 3
timely topics that capture the interest Center for Economic Education at open enrollment class, 1 day, Denver
of teachers and their students. Colorado Mesa University applied
for and received a grant from the Yes, the topic of taxes is included in
Methods for Teaching national council (CEE) to distribute the Colorado Academic Standards, in
Secondary Financial Literacy with one of the most valuable resources both middle and high school. To help
for teachers of economics and prepare educators to teach about
Economic Reasoning 1 personal finance – Virtual Economics. taxes, this seminar explored taxes
open enrollment class, 5 days, Denver VE contains over 1,400 digital lessons in their many forms: income taxes,
from 75 different lesson publications. wealth taxes, and sales taxes. The
Teaching Personal Financial Literacy Over forty teachers on the Western impact of taxes on market outcomes,
in the Elementary Grades Online slope were the beneficiaries. the role of taxes in work decisions,
open enrollment online class and the implications of taxation on
(6-week course), see p 9 income inequality were considered.

2 Footnote Key:

1 Sponsored by Kenneth King Foundation, Great-West Financial, and Xcel Energy Foundation;
and in-kind support from the Federal Reserve Bank of Kansas City, Denver Branch

2 Sponsored by the national Council for Economic Education
3 Sponsored by Great-West Financial and Xcel Energy Foundation
4 Sponsored by Wells Fargo Bank, Great-West Financial, and Xcel Energy Foundation
5 Held in cooperation with History Colorado, Colorado Geographic Alliance and Civic Canopy

2015-2016 ANNUAL REPORT

October November December

Teaching Personal Financial Literacy Beyond the Headlines: Development
in the Elementary Grades Online and Change in East Africa 3
open enrollment online class
(6-week course), see p. 7 open enrollment class, 1 day, Denver

Economics - Fun to Teach,
Fun to Learn 3

open enrollment class, 1 day, Denver

Petroleum, Prices and Profits 3 Integrating Social Studies in the Mesa Valley School District Virtual
open enrollment class, 1 day, Denver Elementary Classroom 5 Economics 4.5 Workshop 2
partnership program professional development
Entrepreneurship 4
open enrollment class, 1 day, Denver CCEE continues its collaboration St. Vrain Valley School District
Mesa Valley School District Virtual with three other social studies Personal Financial Literacy
organizations to offer this workshop. Workshop
Economics 4.5 Workshop 2 It is designed to help elementary professional development
professional development teachers understand the social
sciences more deeply and then to CCEE worked with the St. Vrain Valley
Integrating Social Studies in the coach them on how to integrate District Social Studies Coordinator to
Elementary Classroom 5 this knowledge into their classroom bring a personal finance workshop
partnership program instruction. to about thirty of its elementary
teachers. As always, the day included
Leadership Program of the Rockies content, pedagogy and the dissemi-
partnership program nation of resources.

COLORADO COUNCIL FOR ECONOMIC EDUCATION 3

Calendar of Education Programs

January February March

Stock Market Experience™ Personal Finance in the Elementary Can China Take Down the World
student trading session (10-week Classroom Economy? China’s Second Transition:
program) and 2 training sessions, see p. 6 Maturity & Implications for the U.S.
Teaching Personal Financial Literacy open enrollment class, 1 day, Denver
in the Elementary Grades Online open enrollment class, 1 day, Denver
Demographics
open enrollment online class open enrollment class, 1 day, Denver This is a typical example of a one
(6-week course), see p. 7 day CCEE seminar. It featured an
exploration of topics that ranged
The Economics of Colorado from international trade and finance
open enrollment class, 1 day, Denver to the culture and economy of China.
St. Vrain Valley School District Professor Dale DeBoer developed a
narrative to explain the phenomenal
Personal Financial Literacy rise of China over the past forty
Workshop years. Our mentor teacher presented
lessons on trade, currency exchange
professional development and balance of payments that
teachers could take directly back into
their classrooms.

Fiscal Fitness Workshop 1 University of Colorado Pre-Service
partnership program Teacher Workshop

Integrating Social Studies in the Mesa Valley School District Virtual professional development
Elementary Classroom 2 Economics 4.5 Workshop 3 Stock Market Experience™
partnership program professional development student trading session (10-week

program), see p. 6

Footnote Key:

1 Held in cooperation with the Jump$tart Coalition
2 Held in cooperation with History Colorado, Colorado Geographic Alliance and Civic Canopy
3 Sponsored by the national Council for Economic Education
4 Held in cooperation with the Foundation for Teaching Economics (FTE)

4 2015-2016 ANNUAL REPORT

April May June

Teaching Personal Financial Literacy The Economics of Drugs Teaching Personal Financial Literacy
in the Elementary Grades Online open enrollment class, 1 day, in the Elementary Grades Online
open enrollment online class open enrollment online class, 1 session
(6-week course), see p. 7 Colorado Springs (6-week course), see p. 7
Why the Economics of Politics, Not Health Economics
the Issues, Dominate Elections Stock Market Experience™ Award open enrollment class, 1 day,
open enrollment class, 1 day, Denver Ceremony Denver

winners gathered at Denver Zoo, see p. 6 Pueblo City School District Virtual
Economics 4.5 Workshop 3
professional development

Economics for Leaders 4
partnership program

2016 Koelbel Enterprising Teacher of 2017 Calendar Contest Douglas County School District
the Year Award contest for elementary and middle Financial Frenzy Workshop
professional development
contest for teachers, see p. 8 school students, see p. 9

Integrating Social Studies in the CCEE helped the Douglas County School District organize a day devoted to
Elementary Classroom 2 professional development in personal finance. About one hundred K-12
partnership program teachers took a summer day to attend a lecture by Professor Dale DeBoer, go to
breakout sessions with vendors of personal finance resources, experience lesson
Colorado Council for the Social demonstrations by mentor teachers and use collaboration time to plan for the
Studies Conference Presentation next school year.

professional development

COLORADO COUNCIL FOR ECONOMIC EDUCATION 5

The Stock Market Experience™ (SME) is a free, online real-life investment State Winners (Schools) Place
simulation that advances student achievement in the core academic
disciplines. This program is offered in both English and Spanish. Fall 2015 High School 1st Place
Student teams begin each semester with their own virtual $100,000 Platte Valley HS, Kersey 2nd Place
investment portfolio. They learn how to invest in stocks, mutual funds, 3rd Place
bonds, and commodities on US and international exchanges. In addition, Arapahoe HS, Centennial
students learn how to conduct research, allocate resources, complete
analysis and work in teams while developing critical academic skills. Cherokee Trail HS, Aurora

Fall 2015 Middle School
Weld Central MS, Keenesburg 1st Place

Weld Central MS, Keenesburg 2nd Place

Baker Central K-8, Fort Morgan 3rd Place

Volunteer Fall 2015 Elementary School
Opportunities
Brush Creek ES, Eagle 1st Place
We are always seeking volunteer
professionals to offer their Brush Creek ES, Eagle 2nd Place
expertise to students in the
SME program to enhance Baker Central K-8, Fort Morgan 3rd Place
their educational experience.
We also welcome volunteers Fall 2015 High School 1st Place
with other professional Boulder HS, Boulder 2nd Place
backgrounds to serve as SME 3rd Place
Program Liaisons to help spread Fowler HS, Fowler
awareness of this wonderful,
free program that is available to Buena Vista HS, Buena Vista
all Colorado students.
9New’s Amelia Earhart stands with the Stock Fall 2015 Middle School 1st Place
Market Experience elementary student winners Newton MS, Littleton 2nd Place
from Lakewood’s Bear Creek K-8 School. The 3rd Place
2016 Awards Ceremony was held at the Denver Blevins MS, Fort Collins
Zoo with more than 300 students, teachers and
parents. Blevins MS, Fort Collins

Fall 2015 Elementary School

Heritage ES, Centennial 1st Place

Prairie Crossing ES, Parker 2nd Place

Baker Central K-8, Fort Morgan 3rd Place

Sponsors: Media Sponsors:

6 2015-2016 ANNUAL REPORT

Teaching Personal Financial
Literacy in the Elementary Grades

First offered in the Spring of 2014, TPFLEG continues to be a vital course Going Nationwide
offering from CCEE. To our knowledge, it is the only online professional
development in personal finance available for K-5 teachers. It is a six CCEE has also entered into license
module, online course designed to provide elementary teachers with the agreements with the Virginia Council
tools they need (content, pedagogy and resources) to effectively integrate for Economic Education, the Maryland
financial literacy into their classrooms. Council for Economic Education and
Palm Beach County School District in
As of May, 2016, 343 Colorado teachers had enrolled in and completed the Florida to customize TPFLEG so that
six week long course. Testimonials have been overwhelmingly positive and they can deliver it to teachers in their
even enthusiastic. own locales. CCEE continues to seek
other councils and centers around
TPFLEG’s founding sponsor: the country who might be interested
in adopting TPFLEG for use with their
Open Access Videos for this course available at own teachers.
www.youtube.com/user/learnPFL/

Personal Finance in Buying Goods and Services Earning Income Saving
Elementary Grades

Borrowing Investing Protecting and Insuring Teaching in the Classroom

COLORADO COUNCIL FOR ECONOMIC EDUCATION 7

The 2015-2016 school year marked CCEE’s 29th year of next 6 years, he has participated in 22 classes, several of
presenting the Enterprising Teacher of the Year Award which were week-long courses. It’s accurate to say that
— CCEE’s most visible way of honoring a distinguished he embraced the discipline of economics with passion.
teacher of economics or personal finance.
And he translated that passion into work with his
In honor of long-time supporters Buz and Sherri Koelbel, students, his department, his school and even his school
the award was renamed this year, becoming the Koelbel district. It’s hard to find a more ardent champion of
Enterprising Teacher of the Year Award. Donors created economics and personal finance. And that’s why we
a fund in the Koelbels’ name to fund the $2,000 prize chose Don as our 2016 recipient.
associated with this award.

This year’s recipient, Don Spano, is most deserving. Special thanks to Betsy and Terry Considine and the
Don has found a niche at Challenger Middle School in Koelbel Enterprising Teacher of the Year Award Fund donors:
Colorado Springs. And part of his service includes a
dedication to the gospel of economics and personal American Furniture Warehouse Phil and Anita Lane
finance. Doug Andrews David and Katherine Lawrence
John Andrews
Foundation
Wayne Barnes Morris McDonald
In 2010, he took his first one-day workshop from CCEE, Benson Mineral Group Debbie Pierce
called “Intro to Financial Literacy for Teachers.” Over the Mark Riley
Patrick Bridges
The Bruni Foundation Mike Rosser
Catalyst Foundation Doug Robinson
Garland and Carolyn Cox Robinson Management LLC
The Daniels Fund LaKay Schmidt
Meg Shields Duke Bill Schuck
John Mork Steve Schuck
Englewood Mortgage Corp. Sandy Shoemaker
Ian and Anne Gray Robert Shopneck
Frederic Hamilton Family Fndn. Vern Topper Swanson
Joe Hubbard Swalm Properties
C. Howard Johnson William Trainor
Lynn Hornbrook Michele Warren
Dana Keller Robin Wise
Carl Koelbel Donald Wolf
Sherri Koelbel John Woodward
Koelbel Family

CCEE’s Marc Johnson and Debbie Pierce with Don Spano (center)

8 2015-2016 ANNUAL REPORT

Calendar Contest

In collaboration with the Denver Branch of the Federal for publication as the “picture of the month” on a 2017
Reserve Bank of Kansas City, CCEE held its second wall calendar.
Calendar Contest in the Spring of 2016. We invited
teachers and their K-8 students to unleash their There were 275 entries from schools far and wide in the
creativity, imagination and talent by showing how state, from which CCEE and KC Fed staff selected fifteen
well they understood a range of economic / personal winners. Those students and their teachers received
finance concepts (as identified in the Colorado Academic cash prizes. We congratulate all participating teachers
Standards, grades K-8). Concepts needed to be suitable and students.

Get your complimentary 2017 Calendar today,
call 303-752-2323 or email [email protected]

Addison

Grade 8 | Colorado springs

Economics & Personal Finance 9
2017 Calendar

COLORADO COUNCIL FOR ECONOMIC EDUCATION

Program Statistics

Program Attendance Students Impacted School Districts Served

37% 24% 58%

63% 76% 42%

Total attendance in 2015-2016 CCEE Total number of students impacted Colorado has a total of 179 school
programs by Colorado teachers is by 2015-2016 CCEE programs is districts.
1,878. 112,500.
104 school districts
689 CRA* qualified schools. 27,290 students directly participating in 2015-2016
Estimated expenditures impacted in the Stock CCEE programs. Colorado
for all CRA teachers is Market Experience student population
$198,839. program percentage represented by
these districts is 95.11%
1,189 non-CRA* qualified schools 85,210 estimated number of
students impacted 75 school districts CCEE is
*Community Reinvestment Act (CRA) by professional trying to reach with a new
Qualified Teachers are classroom teachers development programs rural outreach initiative
from Colorado schools with current for teachers
Title 1 status; with student populations
exceeding 50% qualifying for federal free
and reduced lunch programs; and/or with
student populations exceeding 50% ethnic
minorities.

10 2015-2016 ANNUAL REPORT

Professional Instructors

Nearly all classes offered by the Colorado Council for Economic Education are accredited through the University of
Colorado, Colorado Springs, for graduate-level continuing professional education credit. These professor-led classes
have an established reputation as first-rate professional development opportunities with the highest academic
integrity. We are indebted to our professors for their willingness to train teachers and for their unending flexibility
and imagination in creating great presentations. We proudly acknowledge our Ph.D. faculty who are the heart of our
education program, as well as visiting professors who have taught classes for us over the past year:

Rich Fullerton, Ph.D. Tim Sheesley Katherine Sauer, Ph.D.
Visiting Professor of Economics Visiting Professor and Financial Education Program Director
Dan Johnson, Ph.D. Chief Economist at Xcel Energy, Inc.
Professor of Economics Teresa Yohon, Ph.D. John Brock, Ph.D.
Neal Rappaport, Ph.D. Education and Instructional Technology Director, Center for Economic Education and
Visiting Professor of Economics Specialist Senior Instructor of Economics
Dale DeBoer, Ph.D.
P rPofreosgsiroanmalSItnasttirstuicstorsNcCaawrnroeeeelaleaolirstnralitayndsadgeabvoblilglsi,tsrciCethelidaoenasltdgtosoperpraresoredpouosoufrfeeftSnpesapstrrtaeooiroitdrfniensogbswnassy,ssoh.tfrfoohWisrrehsfeogtaC-rrvproaaetrldhtooteueruaaaipdurdtrlgewyooh-flaitCeellcoicsvnksleuangilonsoncsncweoeialsnsllseftodfditonreogruvEetueicrnosolaoguinonprpovmtrPemeorheafi.ncetcDhtshE.esodefioappruscnpacuaaasotllntrtiteyydouednwfnauoiahrctr:rioaeetthsaiaoerwcneircittrcuhhernedetedhihtnieeted.dahiTnrithgtghheorfsoelfeesuoxtgpuiabhrrcoilteaifhteddyeseusamUconanridtc-iilvoeiimenndrtaspecigglrtaioyrnsigtoasryetfa.isomWnh,aeianvse Mohammed Akacem, Ph.D. Chair and Associate Professor of Economics
Professor of Economics Dan Driscoll
Elizabeth Garner Assistant Professor of Economics
State Demographer of the Ed Hoang, Ph.D.
State of Colorado Assistant Professor of Economics

Jim Curtsinger Jamie Wagner, Ph.D.
Director, Center for Economic Education Professor of Economics
and Instructor of Geography

Juan Dempere, Ph.D. Michael Lucchesi David Aske, Ph.D.
Visiting Professor of Business at Argosy Assistant Professor of Economics and Director, Center for Economic Education and
University, Colorado Heights University, and Visiting Professor at the University of Associate Professor of Economics
Colorado School of Mines Colorado, Colorado Springs

COLORADO COUNCIL FOR ECONOMIC EDUCATION 11

Award Dinner

CCEE presented the 2015 Adam Smith Award to Buz
and Sherri Koelbel. They are the perfect fit for this
award based on their innumerable civic and business
accomplishments, including all they have done over the
past eighteen years to advance the economic education
mission of CCEE.

HONORING

Buz and Sherri Koelbel

KEYNOTE SPEAKER

Steve Forbes

SPECIAL GUEST

Sherry Weber
Chatfield High School

*******

October 22, 2015
The Brown Palace Hotel

12 2015-2016 ANNUAL REPORT

Adam Smith Sponsors John Locke Sponsors

e Deevy Family

AND

e WJD Foundation

Milton Friedman Sponsors

Meg &JDamukiee Cydney & Tom Swalm Family
Marsico Foundation

Friedrich Hayek Sponsor Encana Natural Gas Entrepreneur Sponsors Otten Johnson Robinson
Colorado Business Bank Pat Grant AMG National Trust Bank Neff + Ragonetti PC
Ludwig von Mises Sponsors Revesco Properties
Land Title Real Estate Co. Capital Real Estate Jeff and Diane Riggs
Centennial Bank Lockton Companies Colliers International Rio Grande Co.
Citywide Banks Nexgen / Republic Shea Homes
Clinton Family Financial Corporation Colorado Rockies Eric and Susan Sipf
Confluent Development Colorado Lending Source
El Pomar Foundation Tri-State Generation and John and Kathy Woodward
Transmission Association FirstBank
Ed and Jenni Haselden

OfficeScapes

Pictured: LEFT PAGE bottom left photo - Buz and Sherri Koelbel; bottom center photo - The Koelbel Family; and bottom right 13
photo - Meg Shields Duke; RIGHT PAGE left photo - Sherry Weber; top center photo - Steve Forbes; and top right photo -
Attendees enjoyed hearing Steve Forbes speak

COLORADO COUNCIL FOR ECONOMIC EDUCATION

ISnovuetshtoerrnACpoplroercaiadotioPnaLrutnnecrhsheoipn

FEATURING MAYOR

John Suthers

“The Economic State of
Colorado Springs”

SPECIAL GUESTS

Jeff Kenefsky and Mike Paige
Cheyenne Mountain High
School

*******

April 15, 2016
Cheyenne Mountain Resort,

Colorado Springs

Luncheon Sponsors:
The Woodford

Foundation

Pictured: top photo - Jeff Kenefsky and Mike Paige; center
photo - Teresa Lance, Andre Spencer, and Rupak Gandhi; and
bottom photo - Frank and Janell Klein
14 2015-2016 ANNUAL REPORT

ApDpreecnivaetrioInnLvuesntcohreon 15

FEATURING

Brian Domitrovic, PhD

“The Relevance of the
Reagan Revolution in

Election 2016”

SPECIAL GUEST

Richard Trinkner
Boulder High School

*******

April 21, 2016
Denver Country Club,

Denver

Luncheon Sponsor:

Pictured: top photo - Richard Trinkner and Stephanie
Hartman; center photo - Kay and Eric Schmidt, Amy
Byczkowski, and Mark Schwartz; and bottom photo - Earl
Wright

COLORADO COUNCIL FOR ECONOMIC EDUCATION

Contributors

The Colorado Council for Economic Education would like to recognize and thank our many valued members for their support.
Names in bold recognize members who have supported CCEE for five or more years. CCEE is honored to be the beneficiary of
many long-standing members.

BENEFACTOR Autrey Foundation Jeff and Diane Riggs
$25000 + Patrick Bridges Shea Homes
Adolph Coors Foundation Capital Real Estate Management, LLC Eric and Susan Sipf
J.V. Bruni Foundation Centennial Bank and Trust Topper Swanson and Robbie
Considine Family Foundation Citywide Banks
The Daniels Fund Charleen Clinton Lamoureux-Swanson
FREE ENTERPRISE SOCIETY Colorado Business Bank Tri-State Generation and Transmission
$10,000 + Colorado Lending Source Trueblood Foundation
The Anschutz Foundation Colorado Rockies Charity Fund Alfred Watson
Burger Investments F.L.P. Confluent Development, LLC Wells Fargo Bank
Colorado State Bank and Trust Garland and Carolyn Cox Joe Woodford
Community First Foundation El Pomar Foundation Mr. and Mrs. John Woodward
Council for Economic Education Encana Corporation Xcel Energy Corporation
Meg and Jamie Duke John and Ginny Freyer LIBERTY SOCIETY
FirstBank Holding Company Karen J. Glanert Charitable Trust $1,000 +
Great-West Financial Patrick Grant Doug and Lindsay Andrews
Lou Hutchison Ed and Jenni Haselden Bob and Christie Austin
Ludlow-Griffith Foundation Rollie R. Kelley Family Foundation William Ball and Betty Sexton Ball
Buz and Sherri Koelbel Koelbel Family Foundation Benson Mineral Group, Inc.
Tom and Cydney Marsico Lockton Companies, LLC Eric and Kendra Black
The Milestone Group Roger Maurer John and Ann Brock
Pete Morgan Foundation Nexgen Resources Corporation Cletus (Bud) Byrne, Jr.
Swalm Family Foundation Nor’Wood Foundation Caerus Oil and Gas LLC
WJD Foundation OfficeScapes David Chadwick
Xcel Energy Foundation OppenheimerFunds, Inc. Robert Clinton
ADAM SMITH SOCIETY Otten, Johnson, Robinson, Neff and Colliers International
$2,500 + David Colson
American Furniture Warehouse Ragonetti, P.C. Consumers United Association
AMG National Trust Bank Bruce Peterson John and Melinda Couzens
James Powers DaVita
Republic Financial Denver Museum of Nature and Science
Revesco Properties (Brian Cuje)

16 2015-2016 ANNUAL REPORT

Denver South Economic Development David and Deborah Tilton Ray and Dottie Joyce Fund
Partnership Tointon Family Foundation David Killen
Ed and Lynn Trumble Philip and Anita Lane
Dobbins Foundation US Bank James Kneser
Ent Federal Credit Union Walmart #869 Jerome Lewis
Randy and Caro Gardiner Walmart Distribution Center #6019 Mr. and Mrs. John B. Lundberg
Hackstock Family Foundation Michele and Jeff Warren The Madison Group
Frederic C. Hamilton Family Foundation Marvin and Pamela Weinstein Mr. and Mrs. Morris McDonald
Mr. and Mrs. Barry Hirschfeld Brian Wert Donald Peterson
Peter Holnback WhiteWave Foods Company Debbie Pierce
Honnen Equipment Company Mark Williams and Tracy Campbell Robert and Mary Prall
Wayne Hutchens Andrew Wilson John Raeder
David Ikenberry Donald and Patricia Wolf Prescott Ranches, LLC
J.V. Bruni and Company Stephen Woodford Richard and Marcia Robinson
Walter and Karin Kellogg Bill and Carol Wright Harold Roth
Mr. and Mrs. James F. Kimsey INVISIBLE HAND SOCIETY Melanie and Tim Schmieding
Carl and Susan Koonsman $500 + William Schuck
Lee and Bev Kunz Foundation Aetna Foundation Mark and Jennifer Schwartz
David Lawrence Bradley Anderson Tim Sheesley
Richard H. Lewis Family Foundation Mr. and Mrs. Louis Bansbach, III Bradley Smith
Thomas Scott Martin Tom Baroch Swalm Properties
Taylor Merritt Berglund Family Foundation UMB Bank
Robert and Judi Newman Darrell and Christine Calvert Mr. and Mrs. William J. White
Michael and Pamela O’Neal Kendra Cheese Michael Williams
The Richard Petritz Foundation Chubb Insurance Linda Wolcott
Paul Powers Daniels Fund Donald and Teresa Yohon
Ann Pritzlaff David Cicchinelli ECONOMIST SOCIETY
Rainold Family Foundation Monty Cleworth $250 +
Brooks Rarden Chuck Dahlman Dennis and Wilma Barrett
Joe Rhodes Matthew Davis Bill Barrett Corporation
Robinson Management LLC Zane Dennis Peter Benson
Eric Schmidt Englewood Mortgage Corporation Mrs. Rifka Boswell
LaKay Schmidt Mike and Marilyn Calvert
Sherman and Howard, LLC (Alan Schrum) Catalyst Foundation
Sandy Shoemaker Charles Ennis William and Susan Coleman
Doug and Ann Sparks Kenneth Gillis Colorado Christian University
StockTrak David Herm H. Dalton Conner
Steve and Ginger Stookesberry Kevin and Susan Hollern Laurence DeMuth, Jr.
Steven Talley C. Howard Johnson
Mrs. Thomas (Bea) Taplin

COLORADO COUNCIL FOR ECONOMIC EDUCATION 17

Don and Agnes Enright Ruth Brown Terri Sandoval
G. Richard Friedman Douglas and Constance Moffit Cain Thomas Schneider
Sidney B. and Caleb F. Gates, Jr. Fund Ward Cerny Kait Schwartz
Mike and Linda Gorman Dennis and Betty Coit William Smith
Mr. and Mrs. Ian Gray Heidi Conley John and Laurie Somers
Dennis Grogran Robert Cutter Marion Sondermann
Russell Haskell Ric Denton Springs Rescue Mission (Larry Yonker)
Jeffrey Holliday Stephen Ducoff Bill Strickland
Joseph Hubbard David Ettenger Carol Thurstin
C. Howard Kast Steve Everson Lisa Vogt
Larry Kendall Bill Flusek Peter Wall
Bruce Kolbezen Joseph Greene Allison Wardrip
John Lundberg Chris Hammond Joan Williams
David Morrison Stephanie Hartman, Ph.D Robin Wise
Dean Obenauer Catherine Hassler Jordan Yarmon
Diana Petrak Della Hoffman IN-KIND SUPPORTERS
James and Jeanne Quinn Geoff Hollingsworth John Brock, PhD
Mr. and Mrs. Edward Robinson Lynn Hornbrook Colorado Data Mail
Roel Family Partners, Ltd James and Geri Irwin Council for Economic Education
Michael Rosser Marc Johnson
Debbie Schmidt and Kris Shelton The Kastens Family (New York City)
Mr. and Mrs. Robert Shopneck Dan Katen Dale DeBoer, PhD
Alan Sowers Nan Keehner Denver Post Educational Services
Laton Spahr Dana Keller Duncan Oil, Inc.
Philip Sweeney Carl Koelbel Federal Reserve Bank of Kansas City,
Andrew Testerman Robert Lackner
Will and Monica Trainor Edward Lyell Denver Branch
Don MacIver FirstBank Holding Company
EDUCATORS SOCIETY Robert McClure Gannett Community Fund/
Margaret Altoff Sandra Michel
Tom Anderson Laura Mitton 9 KUSA-TV
Anonymous Chris Mohler Dana Hoag
Frank Atwood Michael O’Donnell Kroenke Sports
Vickie Bajtelsmit Amanda Peterson Michael Lucchesi
Wayne Barnes Gene and Carol Pfeffer Online Trading Academy
Roger Behler Koger Propst Neal Rappaport, PhD
Christopher A. Benson Mark Riley Mike Rosen
Dana Scott Bondy Douglas Robinson Woodford Foundation
Nancy Brown Roark Roney

18 2015-2016 ANNUAL REPORT

Thank you!

The Colorado Council for Economic Education
was proud to participate in the record breaking
Colorado Gives Day, December 8, 2015!

Thank you to the fifty-eight donors who contributed $44,283
to CCEE.

Your donations support CCEE’s efforts to improve the lives of Colorado
students by providing them with the critical thinking skills that will benefit
them throughout their lives.

Benefits of CCEE’s Multiplier Effect

Educate one teacher in economics . . . and you reach a classroom full of future decision-makers year after year.

Teach ELEMENTARY YEARLY teacher
YEARLY student
=Just 1

MIDDLE & HIGH SCHOOL

=

COLORADO COUNCIL FOR ECONOMIC EDUCATION 19

Revenue 2015-2016 Financials Net Assets
Expenses

60.0% Donations, $369,672 Program Services: 39.3% Unrestricted Operating,
22.7% Special Events, $139,785 52.5% Teacher Programs, 26.3% $325,985
9.6% In-kind Donations, $59,027 20.4% Unrestricted Board
3.7% Publications/Other $403,759 8.6% Designated, $218,690
Income, $22,972 17.7% Stock Market Experience, 5.4% Permanently Restricted,
1.7% Investment Income, $169,622*
$10,684 $136,218 Koelbel ETY Award Fund,
1.5% Teacher Program Fees, Supporting Services: $71,000
$9,420 16.6% Management & General, Temporarily Restricted,
.07% Contract Services, $4,050 $44,766
$127,941
13.1% Fundraising, $100,533

*These permanently restricted (endowment) funds are held by the Community First Foundation for CCEE
and are comprised of specific donations from CCEE donors and matching funds from the Community First
Foundation.
For a copy of the audited financial statements, or the IRS Form 990, contact the Colorado Council for
Economic Education.

20 2015-2016 ANNUAL REPORT

Board of Directors

Chair David Colson David Morrison Staff
Patrick Bridges SquareTwo Financial Colliers International
Tri-State Generation Chuck Dahlman Amanda Peterson Debbie Pierce
and Transmission Regis University, ret. Colorado Lending President
Treasurer Joe Green Source
Sandra Michel Greene Marketing Bruce Peterson Heidi Conley
AMG National Trust Chris Hammond Rio Grande Co. Vice President
Bank West Elk Partners Brooks Rarden
Secretary Stephanie US Bank Marc Johnson
Andrew Wilson Hartman, Ph.D. William Schuck Education Program
MWH Global Colorado Dept. of The Schuck Director
Education Corporation Nicole Lovato
Adam Smith Society Sherri Koelbel Tim Sheesley Development Director
Walter (Buz) Community Leader Xcel Energy
Koelbel, Jr. Eric Koeplin Sandy Shoemaker Amanda Dixon
Koelbel & Company The Milestone Group EKS&H Communications/
Members Events Manager
Peggy Altoff Lisa Vogt
Colorado Springs Stock Market
School Dist. 11, ret. Experience
Christopher Benson Coordinator
Wealthsource Linda Cannon
Partners Administrative
Assistant
Dana Bondy
BBVA Compass

Ward Cerny Taylor Merritt Carol Thurstin
Bernstein Global Merritt Aluminum Wells Fargo Private
Wealth Mgmt. Products Company Bank
David Cicchinelli Chris Mohler Jordan Yarmon
FirstBank Holding Wells Fargo Bank ANB Bank
Company

Thank you to the following board members whose term ended in December 2015: Michele Warren, Key Bank (former chair); Scott
Drakulich, Buckhorn Energy Services; Melanie Schmieding, Wells Fargo Private Bank; and Drew Testerman, Cordillera Corporation.

COLORADO COUNCIL FOR ECONOMIC EDUCATION 21

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