Delaware Council on Economic Education

Public charity · Grantmaker Newark, DE EIN: 51-6024095

To incorporate economics and entrepreneurship in kindergarten to 12th grade curricula in an effort to provide for an economically literate society.

Key facts about Delaware Council on Economic Education

In short: Delaware Council on Economic Education gave $230K across 1 grant in 2025 (avg $230K), mostly in Delaware. Source: 2025 IRS Form 990.

EIN
51-6024095
Latest 990 filing
Form 990, 2025
Annual giving (2025)
$230,000
Grants made (2025)
1
Average grant
$230,000
Median grant
$230,000
Total assets
$517,593
Primary geography
Delaware (100% of itemized 2025 grant dollars)

Data from IRS Form 990, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990 · View filing

Total Assets

$518K

+8.0% YoY

Annual Giving

$230K

-43.1% YoY

Grant Count

1

+0.0% YoY

Avg Grant Size

$230K

-43.1% YoY

How Delaware Council on Economic Education gives

  • Giving fell 53% from 2022 to 2025. Method

From the foundation's IRS Form 990 filings. Methodology.

About Delaware Council on Economic Education

Based on IRS filings

Delaware Council on Economic Education is a public charity focused on Social Science, based in Newark, DE. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $518K in total assets. In 2025, it awarded 1 grant totaling $230K. Net investment income was $15K.

Focus Areas

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of the 2025 grant dollars on its one itemized grant.

States

Cities

Newark

Giving Over Time

Total grant dollars and number of grants per year

$0$200K$400K$600K1 grant2020 1 grant2021 1 grant2022 1 grant2023 1 grant2024 1 grant2025

From 2020 to 2025, annual grant giving ranged from $163K (2023) to $490K (2022). In 2025 it made 1 grant totaling $230K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top recipient in 2025

University of Delaware: $230KUniversity of Delaware$230K

The largest 2025 recipient was University of Delaware ($230K).

Grant Size Distribution

5 grants across all recorded years

<$50K$50–100K2$100–250K3$250–500K$500K–1M$1–5M$5M+

The most common grant size was in the $250–500K range: 3 grants of 5 (60%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
University of Delaware Newark, DETo Promote Economic Education Through Various Programs.$230,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Net Investment Income
$0$200K$400K$600K$800K2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$517,593$479,204$672,570
Revenue$368,572$304,760$382,802
Expenses$330,183$498,126$253,820
Net Investment Income$15,272$20,237$2,052

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990 for fiscal year 2020 (received by the IRS November 13, 2020)
  2. Updated Form 990 for fiscal year 2021 (received by the IRS October 18, 2021)
  3. Updated Form 990 for fiscal year 2022 (received by the IRS October 6, 2022)
  4. Updated Form 990 for fiscal year 2023 (received by the IRS September 12, 2023)
  5. Updated Form 990 for fiscal year 2024 (received by the IRS September 12, 2024)
  6. Updated Form 990 for fiscal year 2025 (received by the IRS October 1, 2025)
  7. IRS filings on file for fiscal years 2020–2025

Leadership & Key People

Officers and directors from IRS filings

Delaware Council on Economic Education is led by Carlos J. Asarta, President & Secretary on every filing since 2020; 1 of 25 officers listed in 2025 is compensated.

Officers on the 2025 filing

  • Carlos J. Asarta

    President & Secretary

    On filings since 2020

    3 hrs/week

    $24K (2020) → $33K (2025)

  • Lisa Kirkwood

    Chairperson

    Vice Chairperson → Vice Chair, 2023

    Vice Chair → Chairperson, 2024

    On filings since 2020

    1 hr/week

    No compensation reported

  • James B. O'Neill

    Board Member

    On filings since 2020

    1 hr/week

    $20K (2020) → $0 (2025)

  • Andrew T. Hill

    Board Member

    On filings since 2020

    1 hr/week

    No compensation reported

  • Candice Caruso

    Board Member

    On filings since 2020

    1 hr/week

    No compensation reported

  • David A. Cole

    Board Member

    Board Member - Past Chair → Board Member- Past Chair, 2023

    Board Member- Past Chair → Board Member, 2025

    On filings since 2020

    1 hr/week

    No compensation reported

  • David Lyons Jr.

    Vice Chair

    Board Member → Vice Chair, 2024

    On filings since 2020

    1 hr/week

    No compensation reported

  • Frank T. Dougherty

    Board Member

    On filings since 2020

    1 hr/week

    No compensation reported

  • Gregory F. Lavelle

    Treasurer

    On filings since 2020

    1 hr/week

    No compensation reported

  • James J. Roszkowski

    Board Member

    On filings since 2020

    1 hr/week

    No compensation reported

  • Jennifer Cuva

    Board Member

    On filings since 2020

    1 hr/week

    No compensation reported

  • Joe Depaulo

    Board Member

    On filings since 2020

    1 hr/week

    No compensation reported

  • Kevin A. Worsh

    Board Member

    On filings since 2020

    1 hr/week

    No compensation reported

  • Munish Pahwa

    Board Member

    On filings since 2020

    1 hr/week

    No compensation reported

  • Robert Strong

    Board Member

    Board Member → Board Member- Past Chair, 2023

    Board Member- Past Chair → Board Member, 2025

    On filings since 2020

    1 hr/week

    No compensation reported

  • Samuel L. Waltz Jr.

    Board Member

    On filings since 2020

    1 hr/week

    No compensation reported

  • Ted Kent

    Board Member

    On filings since 2020

    1 hr/week

    No compensation reported

  • Tim Boulden

    Board Member

    On filings since 2020

    1 hr/week

    No compensation reported

  • Joseph M. Jones

    Board Member

    On filings since 2021

    1 hr/week

    No compensation reported

  • Dana M. Raftas

    Board Member

    On filings since 2022

    1 hr/week

    No compensation reported

  • Wesley T. Stefanick

    Board Member

    On filings since 2022

    1 hr/week

    No compensation reported

  • Bonnie T. Meszaros

    Board Member

    On filings since 2023

    1 hr/week

    No compensation reported

  • J. Randall Kunkle

    Board Member

    On filings since 2023

    1 hr/week

    No compensation reported

  • Kevin T. Hersh

    Board Member

    On filings since 2023

    1 hr/week

    No compensation reported

  • Juan M. Licari

    Board Member

    New on the 2025 filing

    1 hr/week

    No compensation reported

Former officers (9)
  • Former: Connie Montana (2020–2024) — Board Member - Past Chair
  • Former: David Weaver (2020–2023) — Board Member
  • Former: Eliza Phillips (2020–2023) — Board Member
  • Former: Barney Hughes (2020–2022) — Board Member
  • Former: Richard M. Wright (2020–2022) — Board Member
  • Former: Darius Brown (2020–2021) — Board Member
  • Former: Jack Markell (2020–2021) — The Honorable
  • Former: Donald Puglisi (2020) — Board Member
  • Former: Joe Jones (2020) — Board Member

Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2025 IRS filing

Carlos J Asarta — President and Secretary: $33KCarlos J AsartaPresident and Secretary$33K

The highest reported compensation on the 2025 filing was $33K, to Carlos J Asarta (President and Secretary).

Frequently asked questions about Delaware Council on Economic Education

How much does Delaware Council on Economic Education give each year?

Delaware Council on Economic Education gave $230K across 1 grant in 2025, according to its 2025 IRS Form 990. In 2024 it gave $404K across 1 grant.

How large is Delaware Council on Economic Education?

Delaware Council on Economic Education reported $518K in total assets on its 2025 IRS Form 990. Its revenue that year was $369K.

What is Delaware Council on Economic Education?

Delaware Council on Economic Education is a public charity focused on Social Science, based in Newark, DE. It holds $518K in total assets as of 2025.

Where does Delaware Council on Economic Education operate?

Delaware Council on Economic Education has awarded grants in Delaware.

What is Delaware Council on Economic Education's EIN?

Delaware Council on Economic Education's EIN (Employer Identification Number) is 51-6024095. IRS Form 990 filing data is available on this page for 2020–2025.

Data last updated September 2026. Sourced from IRS Form 990 filings.

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