Civic Intelligence

Shimer College

990 • Fiscal year 2014 • EIN 36-2167921

Jul 01, 2013 to Jun 30, 2014 • Filed on May 15, 2015

Organization Profilewww.Shimer.edu

View Organization Page

3424 South State Street60616

(312) 235-3515

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Up

$6,116,385

Up $399,087 (+7.0%) from 2013

Net Assets

Up

$4,492,592

Up $439,705 (+11%) from 2013

Liabilities

Down

$1,623,793

Down $40,618 (-2.4%) from 2013

Revenue And Expenses

Revenue

$4,070,175

No earlier filing loaded for comparison.

Expenses

Down

$4,202,880

Down $501,999 (-11%) from 2013

Net Income

-$132,705

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $4,768,080Liabilities 2010: $1,672,851Net Assets 2010: $3,095,2292010Assets 2011: $5,409,619Liabilities 2011: $1,552,928Net Assets 2011: $3,856,6912011Assets 2012: $5,389,286Liabilities 2012: $1,530,687Net Assets 2012: $3,858,5992012Assets 2013: $5,717,298Liabilities 2013: $1,664,411Net Assets 2013: $4,052,8872013Assets 2014: $6,116,385Liabilities 2014: $1,623,793Net Assets 2014: $4,492,5922014Assets 2015: $6,194,680Liabilities 2015: $1,604,677Net Assets 2015: $4,590,0032015Assets 2016: $6,129,641Liabilities 2016: $1,572,095Net Assets 2016: $4,557,5462016Assets 2017: $5,241,449Liabilities 2017: $389,271Net Assets 2017: $4,852,1782017Assets 2018: $4,983,393Liabilities 2018: $389,271Net Assets 2018: $4,594,1222018Assets 2019: $4,499,506Liabilities 2019: $0Net Assets 2019: $4,499,5062019Assets 2020: $489,269Liabilities 2020: $0Net Assets 2020: $489,2692020Assets 2021: $470,223Liabilities 2021: $0Net Assets 2021: $470,2232021Assets 2022: $424,935Liabilities 2022: $0Net Assets 2022: $424,9352022Assets 2024: $0Liabilities 2024: $0Net Assets 2024: $02024

Highlighted filing

2014

Assets$6,116,385
Liabilities$1,623,793
Net Assets$4,492,592
Open 2014 Filing

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $4,672,2432010Expenses 2011: $4,701,7882011Expenses 2012: $5,125,6422012Expenses 2013: $4,704,8792013Revenue 2014: $4,070,175Expenses 2014: $4,202,880Net Income 2014: -$132,7052014Revenue 2015: $3,856,553Expenses 2015: $3,847,794Net Income 2015: $8,7592015Revenue 2016: $3,589,764Expenses 2016: $3,906,958Net Income 2016: -$317,1942016Revenue 2017: $3,644,915Expenses 2017: $3,363,459Net Income 2017: $281,4562017Revenue 2018: $4,001Expenses 2018: $65,826Net Income 2018: -$61,8252018Revenue 2019: $5,709Expenses 2019: $100,325Net Income 2019: -$94,6162019Revenue 2020: $493Expenses 2020: $3,352Net Income 2020: -$2,8592020Revenue 2021: $217Expenses 2021: $19,263Net Income 2021: -$19,0462021Revenue 2022: $202Expenses 2022: $45,490Net Income 2022: -$45,2882022Revenue 2024: $0Expenses 2024: $8,149Net Income 2024: -$8,1492024

Highlighted filing

2014

Revenue$4,070,175
Expenses$4,202,880
Net Income-$132,705
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
May 15, 2015
Return Version
2013v4.0
Gross Receipts
$4,070,175
Mission and Program Overview

Mission

Shimer college formerly provided and preserved education centered on discussion of enduring questions and issues. Historically influential original sources were studied through socratic questioning in small seminar classes, following the kind of great books curriculum advocated by robert maynard hutchins. The core values informing education at shimer were free inquiry, dialog, critical open-mindedness, and integration of disciplines. The college offered all members of its community the opportunity to participate meaningfully in deciding the future of the institution. A shimer education demanded much of both the intellect and the character of students, and prepared them for responsible citizenship and the examined life. On june 1, 2017 north central college purchased most of liquid assets of shimer college and formed the shimer great books school.

Shimer provides and preserves education centered on discussion of enduring questions and issues.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$623,303$632,768▲ $9,465
Savings and Temporary Cash Investments$795,992$612,018▼ $183,974
Land, Buildings, and Equipment, Net$303,917$439,390▲ $135,473
Pledges and Grants Receivable$381,832$311,735▼ $70,097
Loans From Officers Directors-$140,392-
Cash and Non-Interest-Bearing Accounts$164,818$117,601▼ $47,217
Accounts Receivable$37,076$52,042▲ $14,966
Inventories for Sale or Use$37,708$46,696▲ $8,988
Prepaid Expenses and Deferred Charges$40,927--
Total Assets$5,717,298$6,116,385▲ $399,087
Other Assets Total$3,331,725$3,904,135▲ $572,410
Liabilities
Other Liabilities$610,543$631,765▲ $21,222
Mortgage Notes Payable Secured by Investment Property$730,000$515,000▼ $215,000
Accounts Payable and Accrued Expenses$168,620$249,018▲ $80,398
Deferred Revenue$155,248$87,618▼ $67,630
Total Liabilities$1,664,411$1,623,793▼ $40,618
Net Assets / Fund Balance
Temporarily Rstr Net Assets$3,868,504$4,403,599▲ $535,095
Permanently Rstr Net Assets$883,840$900,947▲ $17,107
Unrestricted Net Assets$-699,457$-811,954▼ $112,497
Total Net Assets Fund Balance$4,052,887$4,492,592▲ $439,705
Total Liabilities and Net Assets / Fund Balance$5,717,298$6,116,385▲ $399,087

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$295,746$97,696$393,442
Equipment$143,644$180,477$324,121
Other Assets Org$3,852,220--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2013$883,840$17,107--$900,947
2012$683,840$200,000--$883,840
2011$683,840---$683,840
2010$683,840-▲ $147$147$683,840
2009$675,840$8,000▲ $8,182$8,182$683,840
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Susan HenkingPresidentFT$150,000$18,432$168,432
Barbara StoneTrustee/FacultyFT$55,258$3,426$58,684
Marc HoffmanAssistant TreasurerFT$56,609$1,881$58,490
Harold StoneTrustee/FacultyFT$51,022$3,393$54,415
Stuart PattersonTrustee/FacultyFT$46,059$2,845$48,904
Sandra CollinsChief Financial OfficerFT$44,434$309$44,743
Jim DonovanTrustee/FacultyFT$40,809$319$41,128

Board Members and Trustees

NameTitle
Chris VaughanChair
Sally BrownFormer Chair
Philip FarinaFormer Vice Chair
Edie BarschiVice Chair
Anna HornTrustee
Barry CarrollTrustee
Carol AdamsTrustee
Daniel ShinerTrustee
Edward WalbridgeTrustee
John ArnoldTrustee
Kate ChappellTrustee
Kate Johnson ThomasTrustee
Linda LevyTrustee
Margaret PlymptonTrustee
Nancy NickelTrustee
Noah Kippley OgmanTrustee
Peter HanigTrustee
Peter SchrothTrustee
Phyllis WestbergTrustee
Rebecca SundinTrustee
Robert KeohaneTrustee
Robert KruseTrustee
Roger SchwartzTrustee
Ryan LenauTrustee
Mary Lou KennedySecretary
Christopher EnglishTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$819,933
Program Service Revenue
$3,146,558
Investment Income
$2,232
Other Revenue
$101,452
All Other Contributions
$740,998
Change in Net Assets
$-132,705

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded10$99,641Fair Market Value (FMV)
Total Noncash Contributions10$99,641-

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,134,543
Revenue Not Reported on Financial Statements
$935,632
Revenue Not Reported on Form 990
$572,410
Other Revenue Adjustments
$935,632
Total Revenue per Audited Statements
$3,706,953
Total Revenue per Form 990
$4,070,175
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,832,383
Other Expenses$1,434,865
Grants and Similar Amounts Paid$935,632
Total Fundraising Expense$477,447
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$737,690$227,546$191,474$1,156,710
Grants to Domestic Individuals$935,632--$935,632
Occupancy$218,812$78,294$74,927$372,033
Current Officers, Directors, Trustees, and Key Employees$173,254$53,442$44,970$271,666
Other Employee Benefits$195,940$41,171$31,995$269,106
All Other Expenses$40,863$73,048$4,601$118,512
Travel$26,382$39,461$36,299$102,142
Payroll Taxes$59,869$20,072$13,681$93,622
Office Expenses$52,833$17,713$12,073$82,619
Information Technology$45,856$15,373$10,479$71,708
Fees for Services Other$43,654$17,225$10,562$71,441
Depreciation Depletion$40,770$5,979$5,361$52,110
Fees for Services Accounting-$45,558-$45,558
Other Expenses$5,915$14,333$25,010$45,258
Advertising$27,583$9,247$6,303$43,133
Pension Plan Contributions$26,397$8,850$6,032$41,279
Insurance$10,131$24,892$2,650$37,673
Fees for Services Legal-$6,372-$6,372
Interest-$414-$414
Total Functional Expenses$3,024,977$700,456$477,447$4,202,880

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$4,202,880
Expenses per Audited Statements$3,267,248
Total Expenses per Audited Statements$3,267,248
Expenses Not Reported on Financial Statements$935,632
Other Expense Adjustments$935,632
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees-$140,392-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal Student Loans Refundable$631,265
Student Deposits$500
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11

“The Treasurer, Assistant Treasurer, and members of the Finance Committee of the Board of Trustees reviewed the IRS Form 990 before it was filed. Each member of the board of trustees will be provided with an electronic copy before filing.”

Form 990, Part VI, Section B, line 12C

“All Trustees, Officers, and Key Employees shall disclose to the Board any substantive conflict of interest at the earliest practicable time. Any Trustee who is uncertain whether s/he has a conflict of interest in any matter may request the Board or committee to determine whether a conflict of interest exists, and the Board or committee shall resolve the question by majority vote. No Trustee shall vote on any matter, under consideration at a Board or committee meeting, in which such Trustee has a conflict of interest. The minutes of such meeting shall reflect that a disclosure was made and that the Trustee having a conflict of interest abstained from voting.”

Form 990, Part VI, Section C, line 19

“The following documents are available for inspection at the College's Office (3424 S. State Street, Chicago, IL 60618) upon appointment and previous request: (1) Governance Documents, (2) Conflict of Interest Policy, (3) IRS 990 Form, (4) Financial Statements. The aforementioned documents are available for the same period of disclosure as set forth in IRC Section 6104(d).”

Filing and Contact Details

Filer

EIN
36-2167921
Phone
3122353515

Signing Officer

Name
Joseph Fitzpatrick
Title
Chief Operating Officer
Phone
3122353515
Signed
2015-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Susan Henking
Formed
1853
Legal Domicile
Il
Voting Board Members
27
Independent Board Members
21
Employees
37
Volunteers
29

Preparer

Preparer
Marek Rozowicz
Phone
3126343400
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

“Change in Value of Beneficial Interest in Irrevocable Trust 572,410.”

Financial Statement Notes

Part V, Line 4:

“To promote and support great books curriculum and educational endeavors.”

Part X, Line 2:

“The College has received a determination letter from the Internal Revenue Service (IRS) indicating it is a tax-exempt organization as provided in Section 501(c)(3) of the Internal Revenue Code and is exempt from federal and state income taxes on income related to its exempt purpose. The accounting standard on accounting for uncertainty in income taxes addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under this guidance, the College may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. Examples of tax positions include the tax-exempt status of the College and various positions related to the potential sources of unrelated business taxable income. There were no unrecognized tax benefits identified or recorded as liabilities during the periods covered by these financial statements. The College files Form 990 in the U.S. federal jurisdiction. The College is generally no longer subject to examination by the IRS for years before fiscal 2011.”

Part XI, Line 2D - Other Adjustments:

“Change in Value of Beneficial Interest in Irrevocable Trust 572,410.”

Part XI, Line 4B - Other Adjustments:

“Scholarships 935,632.”

Part XII, Line 4B - Other Adjustments:

“Scholarships 935,632.”

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IRS990/Desc0Weekday Program: The Weekday Program is the traditional four-year college experience. The majority of Shimer students participate in the weekday program where they enjoy a traditional four-year college experience. Shimer students participate in our small discussion-based classes and then continue the conversation at meals, in the residences, and at on-campus events that include lectures, theatre, and music.The Core Curriculum immerses students in the major works, questions, and methods of millennia of Western intellectual tradition, and accounts for about two-thirds of the coursework. The other third consists of elective courses that offer in-depth study in a particular subject or field. The discussion of primary texts, in classes of 12 students or fewer, offers a unique environment for intellectual and personal growth, and fosters engaged, independent, and careful thinkers.The Core consists of required classes in:-Humanities-Natural Sciences-Social Sciences-Integrative Studies
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt170
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt180
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt210
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt220
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IRS990/Form990PartVIISectionAGrp/PersonNm0Chris Vaughan
IRS990/Form990PartVIISectionAGrp/PersonNm1Edie Barschi
IRS990/Form990PartVIISectionAGrp/PersonNm2Sally Brown
IRS990/Form990PartVIISectionAGrp/PersonNm3Philip Farina
IRS990/Form990PartVIISectionAGrp/PersonNm4Christopher English
IRS990/Form990PartVIISectionAGrp/PersonNm5Mary Lou Kennedy
IRS990/Form990PartVIISectionAGrp/PersonNm6Carol Adams
IRS990/Form990PartVIISectionAGrp/PersonNm7John Arnold
IRS990/Form990PartVIISectionAGrp/PersonNm8Barry Carroll
IRS990/Form990PartVIISectionAGrp/PersonNm9Kate Chappell
IRS990/Form990PartVIISectionAGrp/PersonNm10Jim Donovan
IRS990/Form990PartVIISectionAGrp/PersonNm11Peter Hanig
IRS990/Form990PartVIISectionAGrp/PersonNm12Anna Horn
IRS990/Form990PartVIISectionAGrp/PersonNm13Robert Keohane
IRS990/Form990PartVIISectionAGrp/PersonNm14Robert Kruse
IRS990/Form990PartVIISectionAGrp/PersonNm15Ryan Lenau
IRS990/Form990PartVIISectionAGrp/PersonNm16Linda Levy
IRS990/Form990PartVIISectionAGrp/PersonNm17Nancy Nickel
IRS990/Form990PartVIISectionAGrp/PersonNm18Noah Kippley Ogman
IRS990/Form990PartVIISectionAGrp/PersonNm19Stuart Patterson
IRS990/Form990PartVIISectionAGrp/PersonNm20Margaret Plympton
IRS990/Form990PartVIISectionAGrp/PersonNm21Peter Schroth
IRS990/Form990PartVIISectionAGrp/PersonNm22Roger Schwartz
IRS990/Form990PartVIISectionAGrp/PersonNm23Daniel Shiner
IRS990/Form990PartVIISectionAGrp/PersonNm24Barbara Stone
IRS990/Form990PartVIISectionAGrp/PersonNm25Harold Stone
IRS990/Form990PartVIISectionAGrp/PersonNm26Rebecca Sundin
IRS990/Form990PartVIISectionAGrp/PersonNm27Kate Johnson Thomas
IRS990/Form990PartVIISectionAGrp/PersonNm28Edward Walbridge
IRS990/Form990PartVIISectionAGrp/PersonNm29Phyllis Westberg
IRS990/Form990PartVIISectionAGrp/PersonNm30Susan Henking
IRS990/Form990PartVIISectionAGrp/PersonNm31Sandra Collins
IRS990/Form990PartVIISectionAGrp/PersonNm32Marc Hoffman
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt230
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt260
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt270
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt280
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt290
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt240
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt250
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt260
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt270
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt280
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt290
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt300
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt320
IRS990/Form990PartVIISectionAGrp/TitleTxt0Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt2Former Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt3Former Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt4Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt5Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt6Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt7Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt8Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt9Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt10Trustee/Faculty
IRS990/Form990PartVIISectionAGrp/TitleTxt11Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt12Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt13Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt14Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt15Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt16Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt17Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt18Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt19Trustee/Faculty
IRS990/Form990PartVIISectionAGrp/TitleTxt20Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt21Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt22Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt23Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt24Trustee/Faculty
IRS990/Form990PartVIISectionAGrp/TitleTxt25Trustee/Faculty
IRS990/Form990PartVIISectionAGrp/TitleTxt26Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt27Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt28Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt29Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt30President
IRS990/Form990PartVIISectionAGrp/TitleTxt31Chief Financial Officer
IRS990/Form990PartVIISectionAGrp/TitleTxt32Assistant Treasurer
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IRS990/FormationYr01853
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
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IRS990/GrantAmt0817955
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IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
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IRS990/GroupReturnForAffiliatesInd00
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IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
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IRS990/LobbyingActivitiesInd00
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IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
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IRS990/MinutesOfGoverningBodyInd01
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IRS990/MissionDesc0Shimer College provides and preserves education centered on discussion of enduring questions and issues. Historically influential original sources are studied through Socratic questioning in small seminar classes, following the kind of Great Books curriculum advocated by Robert Maynard Hutchins. The core values informing education at Shimer are free inquiry, dialog, critical open-mindedness, and integration of disciplines. The College offers all members of its community the opportunity to participate meaningfully in deciding the future of the institution. A Shimer education demands much of both the intellect and the character of students, and prepares them for responsible citizenship and the examined life.
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IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0515000
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IRS990/NetAssetsOrFundBalancesEOYAmt04492592
IRS990/NetUnrelatedBusTxblIncmAmt00
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IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt074927
IRS990/OccupancyGrp/ManagementAndGeneralAmt078294

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,116,385
Liabilities
$1,623,793
Net assets
$4,492,592
Revenue
$4,070,175
Expenses
$4,202,880
Net income
-$132,705
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.01$0.01
2022Detailed filing. Detailed filing data is available for this year.$0.42$0.00$0.42$0.00$0.05$0.05
2021Detailed filing. Detailed filing data is available for this year.$0.47$0.00$0.47$0.00$0.02$0.02
2020Detailed filing. Detailed filing data is available for this year.$0.49$0.00$0.49$0.00$0.00$0.00
2019Detailed filing. Detailed filing data is available for this year.$4.50$0.00$4.50$0.01$0.10$0.09
2018Detailed filing. Detailed filing data is available for this year.$4.98$0.39$4.59$0.00$0.07$0.06
2017Detailed filing. Detailed filing data is available for this year.$5.24$0.39$4.85$3.64$3.36$0.28
2016Detailed filing. Detailed filing data is available for this year.$6.13$1.57$4.56$3.59$3.91$0.32
2015Detailed filing. Detailed filing data is available for this year.$6.19$1.60$4.59$3.86$3.85$0.01
2014Detailed filing. Detailed filing data is available for this year.$6.12$1.62$4.49$4.07$4.20$0.13
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.72$1.66$4.05$4.70
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.39$1.53$3.86$5.13
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.41$1.55$3.86$4.70
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.77$1.67$3.10$4.67