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CHARITY REVIEW
Issued: May 2025 Expires: June 2027

The Alpaugh Family Economics Center at UC

Accredited Charity
Accredited Charity

Meets Standards
Accreditation seal
(513) 556-2684
225 Calhoun Street Suite 370
Cincinnati, OH, 45219-0223
https://www.economicscenter.org/
📄 Full Report 🖨️ Print 📋 BBB Charity Standards

Standards For Charity Accountability

Governance

  1. Board Oversight
  2. Board Size
  3. Board Meetings
  4. Board Compensation
  5. Conflict of Interest

Measuring Effectiveness

  1. Effectiveness Policy
  2. Effectiveness Report

Finances

  1. Program Expenses
  2. Fundraising Expenses
  3. Accumulating Funds
  4. Audit Report
  5. Detailed Expense Breakdown
  6. Accurate Expense Reporting
  7. Budget Plan

Fundraising & Info

  1. Truthful Materials
  2. Annual Report
  3. Website Disclosures
  4. Donor Privacy
  5. Cause Marketing Disclosures
  6. Complaints

The Alpaugh Family Economics Center at UC meets the 20 Standards for Charity Accountability.

Stated Purpose:
The Economics Center creates informed outcomes through the implementation of economic and financial literacy programs for K-12 students and teachers and through the unbiased analyses of our economic
research staff.

Year, State Incorporated:
1976, OH

The Center began as a teacher training initiative of the Cincinnati Chamber of Commerce in 1976. The Center was then incorporated and established a permanent existence as part of the University of
Cincinnati.

While the Center has maintained its teacher training as a core service, we’ve added student programs and competitions, an award-winning online financial program called $martPath, partnerships for the
financial education of the larger community, and a research team to serve businesses and governmental partners in our region.

Every year, the Center’s research team consults with more than 30 business clients on their economic data and analysis needs. Their work includes everything from market analyses to feasibility studies,
economic impact projects, and workforce development initiatives. Through this work, the Center and its partners contribute to the health and vitality of our region’s economy.

For the year ended June 30, 2024, The Alpaugh Family Economics Center at UC's program expenses were:

Program services $1,534,210
Total Program Expenses $1,534,210

Chief Executive
Sue Heilmayer, Executive Director

Chair of the Board
Mr. Ben Willingham, Board Chairperson

Chair's Profession / Business Affiliation
Truist

Board Size
42

Paid Staff Size
10

Method(s) Used:
Invitations to fund raising events, Print advertisements (newspapers, magazines, etc.), Grant proposals, Internet, Appeals via Social Media (Facebook, etc.)

% of Related Contributions on Fundraising: 17.57%

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.

The following information is based on The Alpaugh Family Economics Center at UC's audited financial statements for the year ended June 30, 2024.

Source of Funds
Contract research $682,458
Program revenue $563,750
Contributions $513,738
Net investment return $398,606
In-kind contributions $286,733
Program fees and tuition $48,065
Total Income $2,493,350

Programs: 81% Fundraising: 7% Administrative: 11%

Total Income $2,493,350
Total expenses: $1,886,855
  Program expenses $1,534,210
  Fundraising expenses $140,613
  Administrative expenses $212,032
  Other expenses $0
Income in Excess of Expenses $606,495
Beginning Net Assets $6,383,929
Other Changes In Net Assets $0
Ending Net Assets $6,990,424
Total Liabilities $5,485
Total Assets $6,995,909

An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.

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

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Report completed by:
BBB Cincinnati