Civic Intelligence

Shoreshim Inc.

990 • Fiscal year 2019 • EIN 36-3668787

Oct 01, 2018 to Sep 30, 2019 • Filed on Jun 02, 2020

1415 N Dayton St 4deChicago, IL 60642

(312) 267-0677

Siviq Scores

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

Liabilities / Assets

39th percentile

0.03x

Higher debt load relative to assets than 39% of similar nonprofits.

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

Liabilities / Revenue

36th percentile

0.04x

Higher debt load relative to revenue than 36% of similar nonprofits.

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

Net Margin

87th percentile

36%

Higher net margin than 87% of similar nonprofits.

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

Top Officer Pay

86th percentile

$168,263

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 5.5% of source-year revenue.

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

Asset Growth

87th percentile

34%

Faster asset growth than 87% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2019

Revenue Growth

9th percentile

-33%

Faster revenue growth than 9% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2019

Assets

Up

$3,521,571

Up $1,555,757 (+79%) from 2017

Net Assets

Up

$3,401,986

Up $1,527,730 (+82%) from 2017

Liabilities

Up

$119,585

Up $28,027 (+31%) from 2017

Revenue

Down

$3,050,084

Down $3,664,613 (-55%) from 2017

Expenses

Down

$1,958,705

Down $4,057,286 (-67%) from 2017

Net Income

Up

$1,091,379

Up $392,673 (+56%) from 2017

Historical Trend

Balance Sheet Trend

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

$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

2019

Assets$3,521,571
Liabilities$119,585
Net Assets$3,401,986

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2019

Revenue$3,050,084
Expenses$1,958,705
Net Income$1,091,379
Jump To
Filing Snapshot
Filing Period
Oct 1, 2018 to Sep 30, 2019
Signed
Jun 2, 2020
Return Version
2018v3.3
Gross Receipts
$3,050,084
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$2,310,607$3,401,986▲ $1,091,379
Savings and Temporary Cash Investments$2,429,632$3,175,086▲ $745,454
Accounts Receivable$0$290,921▲ $290,921
Land, Buildings, and Equipment, Net-$2,659-
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
Investments in Publicly Traded Securities$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$2,485,737$3,521,571▲ $1,035,834
Other Assets Total$56,105$52,905▼ $3,200
Liabilities
Accounts Payable and Accrued Expenses$59,290$98,524▲ $39,234
Deferred Revenue$87,708$0▼ $87,708
Other Liabilities$28,132$21,061▼ $7,071
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$175,130$119,585▼ $55,545
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,310,607$3,401,986▲ $1,091,379
Total Liabilities and Net Assets / Fund Balance$2,485,737$3,521,571▲ $1,035,834

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$2,659$10,298$12,957
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael WaitzKey EmployeeFT$143,667$24,596$168,263
Adam StewartPresident-$30,000-$30,000

Board Members and Trustees

NameTitle
Anne LanskiDirector
Benjamin KirschnerDirector
Darin ArgentarDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$286,885
Program Service Revenue
$2,710,099
Investment Income
$53,100
Other Revenue
$0
All Other Contributions
$286,885
Change in Net Assets
$1,091,379
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,464,202
Salaries, Compensation, and Employee Benefits$494,503
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$173,867$102,125-$275,992
Current Officers, Directors, Trustees, and Key Employees$115,710$67,957-$183,667
Fees for Services Other$65,123$41,759-$106,882
Travel$64,436--$64,436
Occupancy$54,740$3,494-$58,234
Fees for Services Legal$29,550$18,940-$48,490
Insurance$15,302$25,988-$41,290
Office Expenses$35,117$2,242-$37,359
Payroll Taxes$21,951$12,893-$34,844
Fees for Services Accounting$8,227$5,273-$13,500
Advertising$4,761$304-$5,065
Other Expenses$828$587-$1,415
All Other Expenses$428$303-$731
Depreciation Depletion$70$70-$140
Total Functional Expenses$1,676,100$282,605$0$1,958,705
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Credit Card Payable$21,061
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

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
1415 N DAYTON ST 4DE, CHICAGO, IL 60642

Signing Officer

Name
Adam Stewart
Title
President
Phone
7087996800
Signed
2020-06-02
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
9

Preparer

Firm
Friedman & Huey Assoc Llp
Address
1313 WEST 175TH STREET, HOMEWOOD, IL 60430
Preparer
Patrick Burke
Phone
7087996800
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0MICHAEL WAITZ
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0KEY EMPLOYEE
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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/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
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