Civic Intelligence

The Great Books Foundation

990 • Fiscal year 2019 • EIN 36-2182034

Jul 01, 2018 to Jun 30, 2019 • Filed on Jan 22, 2020

Organization ProfileWWW.GREATBOOKS.ORG

View Organization Page

233 N Michigan No 420Chicago, IL 60601

(312) 332-5870

Siviq Scores

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

Liabilities / Assets

77th percentile

0.39x

Higher debt load relative to assets than 77% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

74th percentile

0.34x

Higher debt load relative to revenue than 74% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

23rd percentile

-7.7%

Higher net margin than 23% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

79th percentile

$131,041

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 3.8% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

15th percentile

-7.6%

Faster asset growth than 15% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

37th percentile

-0.7%

Faster revenue growth than 37% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets77th percentile

Assets

Down

$3,008,427

Down $245,888 (-7.6%) from 2018

Net Assets

Down

$1,842,815

Down $260,345 (-12%) from 2018

Liabilities

Up

$1,165,612

Up $14,457 (+1.3%) from 2018

Revenue And Expenses
Liabilities / Revenue74th percentileNet Margin23rd percentile

Revenue

Down

$3,416,797

Down $25,470 (-0.7%) from 2018

Expenses

Down

$3,679,521

Down $354,242 (-8.8%) from 2018

Net Income

Up

-$262,724

Up $328,772 (+56%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth15th percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2012: $5,542,680Liabilities 2012: $762,442Net Assets 2012: $4,780,2382012Assets 2013: $6,810,651Liabilities 2013: $986,455Net Assets 2013: $5,824,1962013Assets 2014: $7,264,948Liabilities 2014: $919,855Net Assets 2014: $6,345,0932014Assets 2015: $5,446,972Liabilities 2015: $720,504Net Assets 2015: $4,726,4682015Assets 2016: $4,450,551Liabilities 2016: $769,033Net Assets 2016: $3,681,5182016Assets 2017: $4,058,796Liabilities 2017: $1,370,519Net Assets 2017: $2,688,2772017Assets 2018: $3,254,315Liabilities 2018: $1,151,155Net Assets 2018: $2,103,1602018Assets 2019: $3,008,427Liabilities 2019: $1,165,612Net Assets 2019: $1,842,8152019Assets 2020: $2,502,117Liabilities 2020: $1,575,585Net Assets 2020: $926,5322020Assets 2021: $3,063,168Liabilities 2021: $1,730,730Net Assets 2021: $1,332,4382021Assets 2022: $2,884,980Liabilities 2022: $1,836,463Net Assets 2022: $1,048,5172022Assets 2023: $2,766,330Liabilities 2023: $778,734Net Assets 2023: $1,987,5962023Assets 2024: $2,108,447Liabilities 2024: $751,179Net Assets 2024: $1,357,2682024

Highlighted filing

2019

Assets$3,008,427
Liabilities$1,165,612
Net Assets$1,842,815
Open 2019 Filing

Operations Trend

Revenue Growth37th percentile

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

$10M$5.0M$0-$5.0MExpenses 2012: $6,079,0082012Expenses 2013: $6,482,9802013Revenue 2014: $6,768,327Expenses 2014: $6,457,983Net Income 2014: $310,3442014Revenue 2015: $4,963,071Expenses 2015: $6,454,452Net Income 2015: -$1,491,3812015Revenue 2016: $4,407,979Expenses 2016: $5,357,545Net Income 2016: -$949,5662016Revenue 2017: $3,715,766Expenses 2017: $4,610,224Net Income 2017: -$894,4582017Revenue 2018: $3,442,267Expenses 2018: $4,033,763Net Income 2018: -$591,4962018Revenue 2019: $3,416,797Expenses 2019: $3,679,521Net Income 2019: -$262,7242019Revenue 2020: $2,425,160Expenses 2020: $3,355,593Net Income 2020: -$930,4332020Revenue 2021: $3,289,304Expenses 2021: $3,006,600Net Income 2021: $282,7042021Revenue 2022: $3,453,370Expenses 2022: $3,603,035Net Income 2022: -$149,6652022Revenue 2023: $4,423,932Expenses 2023: $3,518,488Net Income 2023: $905,4442023Revenue 2024: $2,598,890Expenses 2024: $3,243,499Net Income 2024: -$644,6092024

Highlighted filing

2019

Revenue$3,416,797
Expenses$3,679,521
Net Income-$262,724
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jan 22, 2020
Return Version
2018v3.1
Gross Receipts
$4,517,368
Mission and Program Overview

Mission

The mission of the great books foundation is to advance the critical, reflective thinking, and social and civic engagement of readers of all ages through shared inquiry discussion of works and ideas of enduring value.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$698,284$717,960▲ $19,676
Savings and Temporary Cash Investments$654,215$650,014▼ $4,201
Inventories for Sale or Use$636,990$591,486▼ $45,504
Accounts Receivable$480,574$400,444▼ $80,130
Cash and Non-Interest-Bearing Accounts$45,935$302,130▲ $256,195
Prepaid Expenses and Deferred Charges$379,027$120,991▼ $258,036
Land, Buildings, and Equipment, Net$54,607$34,835▼ $19,772
Pledges and Grants Receivable$10,000$10,000→ $0
Total Assets$3,254,315$3,008,427▼ $245,888
Other Assets Total$294,683$180,567▼ $114,116
Liabilities
Other Liabilities$849,243$848,387▼ $856
Accounts Payable and Accrued Expenses$180,558$282,370▲ $101,812
Deferred Revenue$121,354$34,855▼ $86,499
Total Liabilities$1,151,155$1,165,612▲ $14,457
Net Assets / Fund Balance
Unrestricted Net Assets$2,043,660$1,783,315▼ $260,345
Temporarily Rstr Net Assets$59,500$59,500→ $0
Total Net Assets Fund Balance$2,103,160$1,842,815▼ $260,345
Total Liabilities and Net Assets / Fund Balance$3,254,315$3,008,427▼ $245,888

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$34,835$223,640$258,475
Other Assets Org$180,567--
Compensation and Service Providers
Top Officer Pay79th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Valentina Texera ParissiPresident & CEOFT$122,481$8,560$131,041
Peter WaltonVice-president & CFOFT$94,117$23,674$117,791
Joseph CoulsonPresident & CEOFT$44,518$276$44,794

Board Members and Trustees

NameTitle
James M ReumChairman
Charles Brummell JrVice-chairman
Alex J PollockDirector
Alyssa ConrardyDirector
Barbara BowmanDirector
David WardDirector
Donald StatlandDirector
George SchueppertDirector
John RileyDirector
Lindsey CiochinaDirector
Marcia Wachs DamDirector
Paul BartonDirector
James W HaughLife Director
Jane C HuntLife Director
Michael IgoeLife Director
William LawlorLife Director
Revenue and Support

Revenue Composition

Contributions and Grants
$80,135
Program Service Revenue
$893,483
Investment Income
$28,284
Other Revenue
$2,414,895
All Other Contributions
$80,135
Change in Net Assets
$-262,724

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,412,806
Revenue Not Reported on Financial Statements
$3,991
Revenue Not Reported on Form 990
$2,379
Total Revenue per Audited Statements
$3,415,185
Total Revenue per Form 990
$3,416,797
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,308,690
Other Expenses$1,370,831
Total Fundraising Expense$61,371
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,189,941$457,421$16,140$1,663,502
Occupancy$327,328$305,196$8,197$640,721
Current Officers, Directors, Trustees, and Key Employees$70,780$196,489$7,078$274,347
Office Expenses$71,546$184,163$6,690$262,399
Other Employee Benefits$173,513$59,568$2,667$235,748
Travel$180,953$9,030$16,190$206,173
Payroll Taxes$89,149$44,335$1,609$135,093
Fees for Services Accounting-$43,750-$43,750
Insurance$20,675$19,277$518$40,470
Fees for Services Other$8,062$23,766$600$32,428
Advertising-$26,312-$26,312
Depreciation Depletion$12,091$11,274$303$23,668
Conferences and Meetings$10,216$4,046$1,276$15,538
Information Technology$7,138$7,361$102$14,601
Fees for Services Legal$5,174$4,571-$9,745
Other Expenses$6,000$8,007-$6,000
Fees for Service Investment Mgmnt Fees-$3,991-$3,991
All Other Expenses$756$2,249$1$3,006
Total Functional Expenses$2,207,344$1,410,806$61,371$3,679,521

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$3,679,521
Expenses per Audited Statements$3,675,530
Total Expenses per Audited Statements$3,675,530
Expenses Not Reported on Financial Statements$3,991
Expenses Not Reported on Form 990$0
International Activity

International Summary

Offices
0
Employees
0
Spending
$75,223

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
East Asia and PacificProgram ServicesProgram Services00$61,830
Europe( Including Iceland and Greenland)Program ServicesProgram Services00$7,239
North America (canada & Mexico)Program ServicesProgram Services00$6,154
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Rent Abatement$848,387
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
Yes
Other officer compensation reviewed
Yes
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 11B

“The board retains the services of an independent cpa firm to prepare the organization's form 990. The board appointed audit committee has at least three (3) members who meet the for profit test of having qualified financial experience. The audit committee reviews the audit and the tax return and reports to the board. Copies of the audit and tax return are provided to the board members.”

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

“Annually, the board members are required to submit a signed conflict of interest form to the chairman of the audit committee. The chairman reviews the forms and refers any stated conflicts to the audit committee. Upon disclosure of an actual or possible conflict of interest, disclosure shall be made in writing to the chairman of the audit committee of the board of directors and to the president of the foundation. The audit committee shall maintain a permanent record of all conflict of interest disclosures. Following full disclosure of a possible conflict of interest, including any condition listed above, the audit committee shall consider whether a conflict of interest exists. The committee may authorize or reject the conflicting condition or take any other action deemed necessary. A director involved in the conflicting situation may not take part in the committee's deliberations or participate in the vote. However, the person with the potential conflict may be present to provide clarifying information unless objected to by any present director.”

Form 990, Part VI, Section B, Line 15

“Compensation for all employees, including the president, is approved by the board within the annual budget. The president's salary, when established and adjusted, would be compared to local salary surveys of nfp organizations of similar size and of educational administrators of small to medium districts or colleges. A separate approval by the board is made for any payments to the employees' retirement plan.”

Form 990, Part VI, Section C, Line 19

“The foundation indicates on its web site that copies of the 990 and other relevant documents are available, upon request, from the foundation.”

Filing and Contact Details

Filer

Filer Name
The Great Books Foundation
EIN
36-2182034
Phone
3123325870
Address
233 N MICHIGAN NO 420, CHICAGO, IL 60601

Signing Officer

Name
Joseph Coulson
Title
President and CEO
Phone
3123325870
Signed
2020-01-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Valentina Texera Parissi
Formed
1947
Legal Domicile
Il
Voting Board Members
12
Independent Board Members
12
Employees
26
Volunteers
17

Preparer

Firm
Plante & Moran Pllc
Address
10 S RIVERSIDE PLAZA 9TH FLOOR, CHICAGO, IL 60606
Preparer
Kimberly a Haumann
Phone
3122071040
Raw XML AppendixShowing 400 of 649 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0IN KEEPING WITH THE FOUNDATION'S MISSION, THE GREAT BOOKS K-12 PROGRAM PROVIDES STRONG, INQUIRY-BASED LANGUAGE ARTS PROGRAMS FOR GRADES K-12 THAT IMPROVE STUDENTS' ACHIEVEMENT IN, AND COMMITMENT TO, READING COMPREHENSION, INCREASED LITERACY, CRITICAL THINKING, WRITING AND SPEAKING, CIVIL DISCOURSE, AND LISTENING. GREAT BOOKS PROGRAMS COMBINE CLASSROOM MATERIALS AND THE SHARED INQUIRY METHOD OF LEARNING TO PROVIDE THE ESSENTIAL ELEMENTS STUDENTS NEED TO MEET AND SURPASS THE GOALS OF THE COMMON CORE AND OTHER STATE STANDARDS FOR ENGLISH LANGUAGE ARTS.TO REMAIN RELEVANT AND SUCCESSFUL IN THE 21ST CENTURY, GREAT BOOKS CREATED A DIGITAL EXPERIENCE BY DEVELOPING ELECTRONIC PUBLICATIONS AND PRODUCTS TO IMPROVE DIGITAL ACCESS TO CONTENT. THIS INCLUDES GREAT BOOKS PLUS, A DIGITAL PLATFORM THAT OFFERS ELECTRONIC VERSIONS OF GREAT BOOKS ANTHOLOGIES. THIS DIGITAL EXPERIENCE UPDATES AND ENHANCES THE GREAT BOOKS LEARNING MODEL AND ALLOWS THE FOUNDATION TO REACH A WIDER, MORE DIVERSE AUDIENCE.
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt170
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt180
IRS990/Form990PartVIISectionAGrp/PersonNm0JOSEPH COULSON
IRS990/Form990PartVIISectionAGrp/PersonNm1VALENTINA TEXERA PARISSI
IRS990/Form990PartVIISectionAGrp/PersonNm2PETER WALTON
IRS990/Form990PartVIISectionAGrp/PersonNm3JAMES M REUM
IRS990/Form990PartVIISectionAGrp/PersonNm4CHARLES BRUMMELL JR
IRS990/Form990PartVIISectionAGrp/PersonNm5PAUL BARTON
IRS990/Form990PartVIISectionAGrp/PersonNm6BARBARA BOWMAN
IRS990/Form990PartVIISectionAGrp/PersonNm7LINDSEY CIOCHINA
IRS990/Form990PartVIISectionAGrp/PersonNm8ALYSSA CONRARDY
IRS990/Form990PartVIISectionAGrp/PersonNm9MARCIA WACHS DAM
IRS990/Form990PartVIISectionAGrp/PersonNm10JAMES W HAUGH
IRS990/Form990PartVIISectionAGrp/PersonNm11JANE C HUNT
IRS990/Form990PartVIISectionAGrp/PersonNm12MICHAEL IGOE
IRS990/Form990PartVIISectionAGrp/PersonNm13WILLIAM LAWLOR
IRS990/Form990PartVIISectionAGrp/PersonNm14ALEX J POLLOCK
IRS990/Form990PartVIISectionAGrp/PersonNm15JOHN RILEY
IRS990/Form990PartVIISectionAGrp/PersonNm16GEORGE SCHUEPPERT
IRS990/Form990PartVIISectionAGrp/PersonNm17DONALD STATLAND
IRS990/Form990PartVIISectionAGrp/PersonNm18DAVID WARD
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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
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE-PRESIDENT & CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt3CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt4VICE-CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10LIFE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11LIFE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12LIFE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13LIFE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
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IRS990/MinutesOfCommitteesInd01
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IRS990/MissionDesc0THE MISSION OF THE GREAT BOOKS FOUNDATION IS TO ADVANCE THE CRITICAL, REFLECTIVE THINKING, AND SOCIAL AND CIVIC ENGAGEMENT OF READERS OF ALL AGES THROUGH SHARED INQUIRY DISCUSSION OF WORKS AND IDEAS OF ENDURING VALUE.
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IRS990/OccupancyGrp/TotalAmt0640721
IRS990/OfficeExpensesGrp/FundraisingAmt06690
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0184163
IRS990/OfficeExpensesGrp/ProgramServicesAmt071546
IRS990/OfficeExpensesGrp/TotalAmt0262399
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
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IRS990/OtherEmployeeBenefitsGrp/TotalAmt0235748
IRS990/OtherExpensesGrp/Desc0TEMPORARY HELP
IRS990/OtherExpensesGrp/Desc1TRAINING MATERIALS
IRS990/OtherExpensesGrp/Desc2TAXES
IRS990/OtherExpensesGrp/Desc3BAD DEBT EXPENSE
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IRS990/OtherExpensesGrp/ProgramServicesAmt110987
IRS990/OtherExpensesGrp/ProgramServicesAmt26000
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IRS990/OtherExpensesGrp/TotalAmt110987
IRS990/OtherExpensesGrp/TotalAmt28007
IRS990/OtherExpensesGrp/TotalAmt36000
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IRS990/PayrollTaxesGrp/FundraisingAmt01609
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IRS990/PayrollTaxesGrp/ProgramServicesAmt089149
IRS990/PayrollTaxesGrp/TotalAmt0135093
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IRS990/ProgramServiceRevenueGrp/Desc1SUBLEASE RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc2OTHER REVENUE
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1118138
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt212333
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1118138
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt212333
IRS990/ProgSrvcAccomActy2Grp/Desc0THE FOUNDATION'S PROFESSIONAL LEARNING PROGRAM PROVIDED OVER 2,700 EDUCATORS OVER THE PAST YEAR THE SPECIALIZED INSTRUCTION AND CLASSROOM ASSISTANCE IN THE SHARED INQUIRY METHOD OF LEARNING THROUGH READING AND DISCUSSION OF GREAT LITERATURE. THE FOUNDATION WORKED CLOSELY WITH SCHOOLS ACROSS THE COUNTRY TO BUILD TEACHERS' PROFICIENCY AND INTEGRATE INQUIRY-BASED LEARNING ACROSS THE CURRICULUM BY PROVIDING CUSTOMIZED DAYS OF ON-SITE TRAINING, MODELING, COACHING, AND CONSULTATION. IN ADDITION TO ON-SITE PROFESSIONAL LEARNING OPPORTUNITIES, THE FOUNDATION OFFERS TEACHERS AND PARENTS ONLINE INSTRUCTION IN THE SHARED INQUIRY METHOD OF LEARNING THROUGH BLENDED ONLINE COURSES, VIDEO COACHING OR WEBINARS ON SPECIFIC SKILLS. THE FOUNDATION ALSO PRODUCES EDUCATIONAL AND INSTRUCTIONAL VIDEOS NECESSARY TO PRACTICE AND PROMOTE SHARED INQUIRY.THE JUNIOR GREAT BOOKS PROGRAM HAS BEEN RECOGNIZED BY THE NATIONAL STAFF DEVELOPMENT COUNCIL AS AN "EXEMPLARY PROGRAM" IN TEACHER PROFESSIONAL DEVELOPMENT. FEEDBACK FROM THOSE WHO HAVE PARTICIPATED IN THE FOUNDATION'S PROFESSIONAL LEARNING ACTIVITIES SUGGESTS THAT THE FOUNDATION PLAYED AN IMPORTANT PART IN CREATING AND SUSTAINING VIBRANT, RESPECTFUL LEARNING COMMUNITIES AND INCREASED LITERACY FOR ADULTS AND STUDENTS. THE FOUNDATION ALSO OFFERS PROFESSIONAL DEVELOPMENT TO NON-EDUCATORS THROUGH ITS NEW LEADERSHIP INITIATIVE, HELPING PEOPLE OF ALL AGES DEVELOP THEIR COLLABORATIVE LEADERSHIP SKILLS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0717107
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0763012
IRS990/ProgSrvcAccomActy3Grp/Desc0THE ADULT EDUCATION DIVISION OF THE GREAT BOOKS FOUNDATION SHARES THE MISSION OF THE ORGANIZATION AS A WHOLE: TO HELP SUSTAIN AND STRENGTHEN OUR DEMOCRATIC SOCIETY BY PROVIDING OPPORTUNITIES FOR LEARNERS TO ENGAGE IN DISCUSSIONS OF WORKS AND IDEAS OF ENDURING VALUE AND TO DEVELOP THE HABITS OF MIND ESSENTIAL TO CIVIC PARTICIPATION AND PERSONAL FULFILLMENT. TO THIS END, THE FOUNDATION SUPPORTS A NETWORK OF BOOK GROUPS NATIONWIDE; CREATES SPECIAL INITIATIVES FOR OFTEN UNDER-SERVED SECTORS OF THE POPULATION INCLUDING VETERANS OF THE ARMED FORCES; AND HOLDS PUBLIC EVENTS TO ENGAGE AUDIENCES IN THE DISCUSSION OF BOOKS AND IDEAS. THE FOUNDATION PARTNERS WITH OTHER CULTURAL ORGANIZATIONS TO BRING ITS WORK TO AS MANY PEOPLE AS POSSIBLE. TO ENABLE THESE VARIOUS PROGRAMS, THE ADULT DIVISION PUBLISHES BOOKS AND OTHER MATERIALS DESIGNED TO ASSIST IN THE PRACTICE OF SHARED INQUIRY, THE GREAT BOOKS FOUNDATION'S UNIQUE DISCUSSION METHOD.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt03613
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0126273
IRS990/ProgSrvcAccomActyOtherGrp/Desc0INCLUDED IN OTHER PROGRAMS IS THE FOUNDATION'S DIGITAL MEDIA DEPARTMENT. THE DIGITAL MEDIA DEPARTMENT OF THE GREAT BOOKS FOUNDATION, IN KEEPING WITH THE FOUNDATION'S MISSION, OFFERS TEACHERS AND PARENTS ONLINE INSTRUCTION IN THE SHARED INQUIRY METHOD OF LEARNING THROUGH BLENDED CORE COURSES OR WEBINARS ON SPECIFIC SKILLS. IN ADDITION, THE DIGITAL MEDIA DEPARTMENT PRODUCES EDUCATIONAL AND INSTRUCTIONAL VIDEOS NECESSARY TO PRACTICE AND PROMOTE SHARED INQUIRY. TO REMAIN RELEVANT AND SUCCESSFUL IN THE 21ST CENTURY, THE DEPARTMENT CREATES A GREAT BOOKS DIGITAL EXPERIENCE BY DEVELOPING ELECTRONIC PUBLICATIONS AND PRODUCTS, AND IMPROVING DIGITAL ACCESS TO CONTENT ACROSS DIGITAL PLATFORMS. THIS INCLUDES GREAT BOOKS PLUS, A DIGITAL PLATFORM THAT OFFERS ELECTRONIC VERSIONS OF GREAT BOOKS ANTHOLOGIES. THE DEPARTMENT MAINTAINS AND PRODUCES CONTENT FOR THE GREAT BOOKS FOUNDATION WEBSITE WHICH PROMOTES AWARENESS AND PROVIDES INFORMATION FOR THE PUBLIC. THE DEPARTMENT ALSO CONNECTS WITH A WIDER AUDIENCE THROUGH THE USE OF SOCIAL MEDIA. THIS DIGITAL EXPERIENCE UPDATES AND ENHANCES THE GREAT BOOKS LEARNING MODEL AND ALLOWS THE FOUNDATION TO REACH A WIDER, MORE DIVERSE AUDIENCE.
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IRS990/PYOtherRevenueAmt02261166
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IRS990/PYSalariesCompEmpBnftPaidAmt02178476
IRS990/PYTotalExpensesAmt04033763

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,008,427
Liabilities
$1,165,612
Net assets
$1,842,815
Revenue
$3,416,797
Expenses
$3,679,521
Net income
-$262,724
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.11$0.75$1.36$2.60$3.24$0.64
2023Detailed filing. Detailed filing data is available for this year.$2.77$0.78$1.99$4.42$3.52$0.91
2022Detailed filing. Detailed filing data is available for this year.$2.88$1.84$1.05$3.45$3.60$0.15
2021Detailed filing. Detailed filing data is available for this year.$3.06$1.73$1.33$3.29$3.01$0.28
2020Detailed filing. Detailed filing data is available for this year.$2.50$1.58$0.93$2.43$3.36$0.93
2019Detailed filing. Detailed filing data is available for this year.$3.01$1.17$1.84$3.42$3.68$0.26
2018Detailed filing. Detailed filing data is available for this year.$3.25$1.15$2.10$3.44$4.03$0.59
2017Detailed filing. Detailed filing data is available for this year.$4.06$1.37$2.69$3.72$4.61$0.89
2016Detailed filing. Detailed filing data is available for this year.$4.45$0.77$3.68$4.41$5.36$0.95
2015Detailed filing. Detailed filing data is available for this year.$5.45$0.72$4.73$4.96$6.45$1.49
2014Detailed filing. Detailed filing data is available for this year.$7.26$0.92$6.35$6.77$6.46$0.31
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.81$0.99$5.82$6.48
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.54$0.76$4.78$6.08