Civic Intelligence

Shimer College

990 • Fiscal year 2015 • EIN 36-2167921

Jul 01, 2014 to Jun 30, 2015 • Filed on May 16, 2016

3424 South State StreetChicago, IL 60616

(312) 235-3515

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

57th percentile

0.26x

Higher debt load relative to assets than 57% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

67th percentile

0.42x

Higher debt load relative to revenue than 67% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Net Margin

39th percentile

0.2%

Higher net margin than 39% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2015

Asset Growth

62nd percentile

4.1%

Faster asset growth than 62% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2015

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2015

Assets

Up

$6,194,680

Up $78,295 (+1.3%) from 2014

Net Assets

Up

$4,590,003

Up $97,411 (+2.2%) from 2014

Liabilities

Down

$1,604,677

Down $19,116 (-1.2%) from 2014

Revenue

Down

$3,856,553

Down $213,622 (-5.2%) from 2014

Expenses

Down

$3,847,794

Down $355,086 (-8.4%) from 2014

Net Income

Up

$8,759

Up $141,464 (+107%) from 2014

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

2015

Assets$6,194,680
Liabilities$1,604,677
Net Assets$4,590,003

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

2015

Revenue$3,856,553
Expenses$3,847,794
Net Income$8,759
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
May 16, 2016
Return Version
2014v6.0
Gross Receipts
$4,095,387
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$632,768$647,553▲ $14,785
Savings and Temporary Cash Investments$612,018$550,737▼ $61,281
Land, Buildings, and Equipment, Net$439,390$380,832▼ $58,558
Pledges and Grants Receivable$311,735$366,347▲ $54,612
Loans From Officers Directors$140,392$140,000▼ $392
Accounts Receivable$52,042$96,424▲ $44,382
Cash and Non-Interest-Bearing Accounts$117,601$93,555▼ $24,046
Inventories for Sale or Use$46,696$37,376▼ $9,320
Prepaid Expenses and Deferred Charges-$32,671-
Total Assets$6,116,385$6,194,680▲ $78,295
Other Assets Total$3,904,135$3,989,185▲ $85,050
Liabilities
Other Liabilities$631,765$651,194▲ $19,429
Mortgage Notes Payable Secured by Investment Property$515,000$440,784▼ $74,216
Accounts Payable and Accrued Expenses$249,018$285,081▲ $36,063
Deferred Revenue$87,618$87,618→ $0
Total Liabilities$1,623,793$1,604,677▼ $19,116
Net Assets / Fund Balance
Temporarily Rstr Net Assets$4,403,599$4,610,553▲ $206,954
Permanently Rstr Net Assets$900,947$901,147▲ $200
Unrestricted Net Assets$-811,954$-921,697▼ $109,743
Total Net Assets Fund Balance$4,492,592$4,590,003▲ $97,411
Total Liabilities and Net Assets / Fund Balance$6,116,385$6,194,680▲ $78,295

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$226,476$166,966$393,442
Equipment$33,078$166,257$199,335
Other Land Buildings$121,278$6,502$127,780
Other Assets Org$3,937,270--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$900,947$200--$901,147
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
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Susan HenkingPresidentFT$143,485$73,519$217,004
Harold StoneTrustee/FacultyFT$53,324$28,461$81,785
Joseph FitzpatrickPast COO/Director of Student LifeFT$56,913$4,793$61,706
Stuart PattersonTrustee/FacultyFT$48,103$10,513$58,616
Jim UlrichCOO/Registrar/Assistant ProfessorFT$52,185$6,001$58,186

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,160,674
Program Service Revenue
$2,685,019
Investment Income
$6,743
Other Revenue
$4,117
All Other Contributions
$1,059,275
Change in Net Assets
$8,759

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 Traded7$57,437Fair Market Value (FMV)
Total Noncash Contributions7$57,437-

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,032,382
Revenue Not Reported on Financial Statements
$824,171
Revenue Not Reported on Form 990
$88,652
Other Revenue Adjustments
$824,171
Total Revenue per Audited Statements
$3,121,034
Total Revenue per Form 990
$3,856,553
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,695,126
Other Expenses$1,328,497
Grants and Similar Amounts Paid$824,171
Total Fundraising Expense$495,262
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$865,542$267,398$230,959$1,363,899
Grants to Domestic Individuals$824,171--$824,171
Occupancy$218,812$81,134$77,767$377,713
Other Employee Benefits$156,579$22,112$26,669$205,360
Travel$61,155$24,468$27,652$113,275
Fees for Services Other$76,830$17,936$14,000$108,766
Office Expenses$64,024$14,947$11,666$90,637
Payroll Taxes$63,419$8,954$10,801$83,174
Information Technology$55,656$12,993$10,141$78,790
Depreciation Depletion$49,472-$19,128$68,600
Fees for Services Accounting-$53,474-$53,474
Advertising$34,882$8,143$6,356$49,381
Insurance-$49,240-$49,240
Pension Plan Contributions$32,552$4,597$5,544$42,693
Other Expenses$4,995$9,726$10,365$25,086
All Other Expenses$4,080$914$6,707$11,701
Fees for Services Legal-$9,924-$9,924
Interest-$512-$512
Total Functional Expenses$2,718,007$634,525$495,262$3,847,794

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$3,847,794
Expenses per Audited Statements$3,023,623
Total Expenses per Audited Statements$3,023,623
Expenses Not Reported on Financial Statements$824,171
Other Expense Adjustments$824,171
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$140,000▼ $392
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal Student Loans Refundable$650,694
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 organization has not provided a complete copy of this Form 990 to all members of its governing body before filing the form.

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

Filer Name
Shimer College
EIN
36-2167921
Phone
3122353515
Address
3424 South State Street, Chicago, IL 60616

Signing Officer

Name
Phyllis Dobbs
Title
Chief Financial Officer
Phone
3122353515
Signed
2016-05-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Susan Henking
Formed
1853
Legal Domicile
Il
Voting Board Members
28
Independent Board Members
22
Employees
35
Volunteers
35

Preparer

Firm
Rsm US Llp
Address
1 S WACKER DRIVE STE 800, CHICAGO, IL 60606
Preparer
Wayne Harder
Phone
3126343400
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

Change in Value of Beneficial Interest in Irrevocable Trust 85,050.

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 2012.

Part XI, Line 2D - Other Adjustments:

Change in Value of Beneficial Interest in Irrevocable Trust 85,050.

Part XI, Line 4B - Other Adjustments:

Scholarships 824,171.

Part XII, Line 4B - Other Adjustments:

Scholarships 824,171.

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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/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt170
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt180
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt190
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt200
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2110513
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt220
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt230
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt240
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt250
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt260
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2728461
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt280
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt290
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt300
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt310
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt3267298
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt334793
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt346001
IRS990/Form990PartVIISectionAGrp/PersonNm0Chris Vaughan
IRS990/Form990PartVIISectionAGrp/PersonNm1Rebecca Sundin
IRS990/Form990PartVIISectionAGrp/PersonNm2Michael Hoyle
IRS990/Form990PartVIISectionAGrp/PersonNm3Christopher English
IRS990/Form990PartVIISectionAGrp/PersonNm4Cindy Hyndman
IRS990/Form990PartVIISectionAGrp/PersonNm5Carol Adams
IRS990/Form990PartVIISectionAGrp/PersonNm6John Arnold
IRS990/Form990PartVIISectionAGrp/PersonNm7Edie Barschi
IRS990/Form990PartVIISectionAGrp/PersonNm8Sally Brown
IRS990/Form990PartVIISectionAGrp/PersonNm9Barry Carroll
IRS990/Form990PartVIISectionAGrp/PersonNm10Kate Chappell
IRS990/Form990PartVIISectionAGrp/PersonNm11Phil Farina
IRS990/Form990PartVIISectionAGrp/PersonNm12Peter Hanig
IRS990/Form990PartVIISectionAGrp/PersonNm13Anna Horn
IRS990/Form990PartVIISectionAGrp/PersonNm14Robert Keohane
IRS990/Form990PartVIISectionAGrp/PersonNm15Mary Lou Kennedy
IRS990/Form990PartVIISectionAGrp/PersonNm16Robert Kruse
IRS990/Form990PartVIISectionAGrp/PersonNm17Roy Landstrom
IRS990/Form990PartVIISectionAGrp/PersonNm18Ryan Lenau
IRS990/Form990PartVIISectionAGrp/PersonNm19Linda Levy
IRS990/Form990PartVIISectionAGrp/PersonNm20Noah Kippley Ogman
IRS990/Form990PartVIISectionAGrp/PersonNm21Stuart Patterson
IRS990/Form990PartVIISectionAGrp/PersonNm22Margaret Plympton
IRS990/Form990PartVIISectionAGrp/PersonNm23Edward Roske
IRS990/Form990PartVIISectionAGrp/PersonNm24Peter Schroth
IRS990/Form990PartVIISectionAGrp/PersonNm25Roger Schwartz
IRS990/Form990PartVIISectionAGrp/PersonNm26Daniel Shiner
IRS990/Form990PartVIISectionAGrp/PersonNm27Harold Stone
IRS990/Form990PartVIISectionAGrp/PersonNm28Kate Johnson Thomas
IRS990/Form990PartVIISectionAGrp/PersonNm29Edward Walbridge
IRS990/Form990PartVIISectionAGrp/PersonNm30Phyllis Westberg
IRS990/Form990PartVIISectionAGrp/PersonNm31Steve Zolno
IRS990/Form990PartVIISectionAGrp/PersonNm32Susan Henking
IRS990/Form990PartVIISectionAGrp/PersonNm33Joseph Fitzpatrick
IRS990/Form990PartVIISectionAGrp/PersonNm34Jim Ulrich
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt2148103
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt240
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt250
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt260
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt2753324
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt280
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt290
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt300
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt310
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt32149706
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt3356913
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt3452185
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
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
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
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt310
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt320
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt330
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt340
IRS990/Form990PartVIISectionAGrp/TitleTxt0Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt2Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt3Past Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt4Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt5Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt6Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt7Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt8Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt9Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt10Trustee
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
IRS990/Form990PartVIISectionAGrp/TitleTxt20Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt21Trustee/Faculty
IRS990/Form990PartVIISectionAGrp/TitleTxt22Past Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt23Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt24Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt25Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt26Past Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt27Trustee/Faculty
IRS990/Form990PartVIISectionAGrp/TitleTxt28Past Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt29Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt30Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt31Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt32President
IRS990/Form990PartVIISectionAGrp/TitleTxt33Past COO/Director of Student Life
IRS990/Form990PartVIISectionAGrp/TitleTxt34COO/Registrar/Assistant Professor
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01853
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt0-2341
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt028
IRS990/GovernmentGrantsAmt0101399
IRS990/GrantAmt0768233
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0824171
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0824171
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0236493
IRS990/GrossReceiptsAmt04095387
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt022
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt010141
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt012993
IRS990/InformationTechnologyGrp/ProgramServicesAmt055656
IRS990/InformationTechnologyGrp/TotalAmt078790
IRS990/InsuranceGrp/ManagementAndGeneralAmt049240
IRS990/InsuranceGrp/TotalAmt049240
IRS990/InterestGrp/ManagementAndGeneralAmt0512
IRS990/InterestGrp/TotalAmt0512
IRS990/InventoriesForSaleOrUseGrp/BOYAmt046696
IRS990/InventoriesForSaleOrUseGrp/EOYAmt037376
IRS990/InvestmentIncomeGrp/ExclusionAmt09084
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt09084
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt011
IRS990/IRPDocumentW2GCnt00
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IRS990/LandBldgEquipBasisNetGrp/BOYAmt0439390
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0380832
IRS990/LandBldgEquipCostOrOtherBssAmt0720557
IRS990/LegalDomicileStateCd0IL
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0238834
IRS990/LoanOutstandingInd01
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt0140392
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt0140000
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MiscellaneousRevenueGrp/ExclusionAmt04117
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt04117
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.
IRS990/MoreThan5000KToIndividualsInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

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