Civic Intelligence

Shorashim Inc

EIN 36-3668787 • 501(c)3 • Chicago, IL

Profile

Creating customized jewish and israel educational programs

PO Box 47391Chicago, IL 60647

www.shorashim.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

26th percentile

0.00x

Higher debt load relative to assets than 26% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

25th percentile

0.00x

Higher debt load relative to revenue than 25% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

89th percentile

50%

Higher net margin than 89% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

89th percentile

45%

Faster asset growth than 89% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

98th percentile

485%

Faster revenue growth than 98% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Up

$8,185,704

Up $170,912 (+2.1%) from 2023

Liabilities

Down

$194,401

Down $79,746 (-29%) from 2023

Net Assets

Up

$7,991,303

Up $250,658 (+3.2%) from 2023

Revenue

Down

$3,334,644

Down $1,914,135 (-36%) from 2023

Expenses

Up

$3,083,986

Up $777,104 (+34%) from 2023

Net Income

Down

$250,658

Down $2,691,239 (-91%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$10M$5.0M$0Assets 2016: $1,191,865Liabilities 2016: $16,316Net Assets 2016: $1,175,5492016Assets 2017: $1,965,814Liabilities 2017: $91,558Net Assets 2017: $1,874,2562017Assets 2019: $3,521,571Liabilities 2019: $119,585Net Assets 2019: $3,401,9862019Assets 2020: $3,611,757Liabilities 2020: $105,944Net Assets 2020: $3,505,8132020Assets 2021: $3,320,119Liabilities 2021: $90,027Net Assets 2021: $3,230,0922021Assets 2022: $4,814,229Liabilities 2022: $15,481Net Assets 2022: $4,798,7482022Assets 2023: $8,014,792Liabilities 2023: $274,147Net Assets 2023: $7,740,6452023Assets 2024: $8,185,704Liabilities 2024: $194,401Net Assets 2024: $7,991,3032024

Highlighted filing

2024

Assets$8,185,704
Liabilities$194,401
Net Assets$7,991,303

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2016: $5,814,152Expenses 2016: $5,150,032Net Income 2016: $664,1202016Revenue 2017: $6,714,697Expenses 2017: $6,015,991Net Income 2017: $698,7062017Revenue 2019: $3,050,084Expenses 2019: $1,958,705Net Income 2019: $1,091,3792019Revenue 2020: $1,937,077Expenses 2020: $1,833,250Net Income 2020: $103,8272020Revenue 2021: $541,559Expenses 2021: $817,280Net Income 2021: -$275,7212021Revenue 2022: $3,168,537Expenses 2022: $1,599,881Net Income 2022: $1,568,6562022Revenue 2023: $5,248,779Expenses 2023: $2,306,882Net Income 2023: $2,941,8972023Revenue 2024: $3,334,644Expenses 2024: $3,083,986Net Income 2024: $250,6582024

Highlighted filing

2024

Revenue$3,334,644
Expenses$3,083,986
Net Income$250,658

Filings

Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Oct 1, 2021 to Sep 30, 2022
Signed
Jul 31, 2023
Return Version
2021v4.2
Gross Receipts
$3,169,516
Mission and Program Overview

Mission

To provide jewish education

Creating customized jewish and israel educational programs

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$3,230,092$4,798,748▲ $1,568,656
Savings and Temporary Cash Investments$3,207,339$2,720,404▼ $486,935
Investments in Publicly Traded Securities$0$1,976,625▲ $1,976,625
Accounts Receivable$107,241$113,200▲ $5,959
Land, Buildings, and Equipment, Net$1,539$0▼ $1,539
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$3,320,119$4,814,229▲ $1,494,110
Other Assets Total$4,000$4,000→ $0
Liabilities
Other Liabilities$84,543$0▼ $84,543
Accounts Payable and Accrued Expenses$5,484$15,481▲ $9,997
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$90,027$15,481▼ $74,546
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,230,092$4,798,748▲ $1,568,656
Total Liabilities and Net Assets / Fund Balance$3,320,119$4,814,229▲ $1,494,110
Compensation and Service Providers

Employees

NameTitleBaseOtherTotal
Michael WaitzKey Employee$131,250$42,602$173,852
Adam StewartChairman$27,000-$27,000

Board Members and Trustees

NameTitle
Anne LanskiDirector
Darin ArgentarDirector
Benjamin KirschnerTreasury/secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$521,448
Program Service Revenue
$2,448,827
Investment Income
$23,674
Other Revenue
$174,588
All Other Contributions
$521,448
Change in Net Assets
$1,568,656
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,117,252
Salaries, Compensation, and Employee Benefits$482,629
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$289,184$193,445-$482,629
Fees for Services Other$191,039$42,359-$233,398
Occupancy$53,251$3,399-$56,650
Insurance$26,859$11,043-$37,902
Fees for Services Accounting$16,223$3,597-$19,820
All Other Expenses$8,707$556-$9,263
Other Expenses$564$4,798-$5,362
Travel$5,052--$5,052
Fees for Services Legal$2,898$642-$3,540
Depreciation Depletion$526$34-$560
Total Functional Expenses$1,338,606$261,275$0$1,599,881
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
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 35% controlled entity
No
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

EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 8B

There are no separate committees for this organization.

EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 12C

The governing body monitors and enforces compliance with the conflict of interest policy during the board of directors annual meeting.

EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 11B

The form 990 is reviewed by the trustee.

Explanation for Form 990, Page 6, Part VI, Line 19

The form 990 and related documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Shorashim Inc
EIN
36-3668787
In Care Of
% MICHAEL WAITZ
Address
PO BOX 47391, CHICAGO, IL 60647

Signing Officer

Name
Adam Stewart
Title
Officer
Phone
7087996800
Signed
2023-07-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Adam Stewart
Formed
1989
Legal Domicile
Il
Voting Board Members
4
Independent Board Members
4
Employees
7

Preparer

Firm
Friedman & Huey Assoc Llp
Address
1313 WEST 175TH STREET, HOMEWOOD, IL 60430
Preparer
Patrick Burke
Phone
7087996800
Supplemental Narrative

Additional Explanations

Form 990 Part IX Line 11G

Description:consulting total fees:201971

Form 990 Part IX Line 11G

Description:hr total fees:1380

Form 990 Part IX Line 11G

Description:website design total fees:25397

Form 990 Part IX Line 11G

Description:miscellaneous total fees:4650

Raw XML AppendixShowing 400 of 483 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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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0MICHAEL WAITZ
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THERE ARE NO SEPARATE COMMITTEES FOR THIS ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE GOVERNING BODY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY DURING THE BOARD OF DIRECTORS ANNUAL MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 IS REVIEWED BY THE TRUSTEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FORM 990 AND RELATED DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DESCRIPTION:CONSULTING TOTAL FEES:201971
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DESCRIPTION:HR TOTAL FEES:1380
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6DESCRIPTION:WEBSITE DESIGN TOTAL FEES:25397
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7DESCRIPTION:MISCELLANEOUS TOTAL FEES:4650
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990 PART IX LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990 PART IX LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990 PART IX LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990 PART IX LINE 11G

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