Shimer College
- Assets
- $470.2k
- Revenue
- $217.0
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 10/1942
- Data as of
- 06/2021
- EIN
- 36-2167921
Organization Overview
Shimer College is located in Chicago, IL. The organization was established in 1942. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shimer College is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Shimer College generated $217.0 in total revenue. All expenses for the organization totaled $19.3k during the year ending 06/2021.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SHIMER PROVIDES AND PRESERVES EDUCATION CENTERED ON DISCUSSION OF ENDURING QUESTIONS AND ISSUES
Describe the Organization's Program Activity:
Part 3 - Line 4a
SHIMER COLLEGE WAS CLOSED DURING THE 2017 FISCAL YEAR. THE COLLEGE IS CURRENTLY IN THE PROCESS OF WINDING DOWN OPERATIONS AND EXPECTS TO LIQUIDATE OPERATIONS AFTER ALL EXPENSES ARE PAID OUT AND INTERESTS IN REMAINING TRUSTS ARE RECEIVED OR ASSIGNED TO NORTH CENTRAL COLLEGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cindy Hyndman Chair | OfficerTrustee | 2 | $0 |
Mary Lou Kennedy Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $73 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $217 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $1,119 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $19,263 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $53,612 |
| Savings and temporary cash investments | $416,611 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $470,223 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | -$359,491 |
| Net assets with donor restrictions | $829,714 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $470,223 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Shimer College has recieved totaling $6,624.
| Awarding Organization | Amount |
|---|---|
Our Fund Inc Wilton Manors, FL PURPOSE: GENERAL OPERATING SUPPORT | $6,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $124 |
Endowment Analysis
| Beg. Balance | $811,904 |
| Ending Balance | $811,904 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Faith Baptist Bible College Ankeny, IA | $19,003,759 | $8,759,376 |
Emmaus Bible College Dubuque, IA | $12,932,939 | $8,386,656 |
Central Christian College Of The Bible Moberly, MO | $12,273,355 | $9,994,557 |
Olivet Nazarene University Foundation Bourbonnais, IL | $189,458,744 | $9,125,280 |
Missouri Southern Foundation Joplin, MO | $43,351,164 | $5,846,272 |
Hyles-Anderson College Inc Crown Point, IN | $3,765,954 | $4,346,028 |
Mac Cormac College Inc Chicago, IL | $4,254,974 | $4,421,944 |
Clear Creek Baptist Bible College Pineville, KY | $27,479,829 | $3,283,639 |
Trinity College Of Nursing & Health Sciences Rock Island, IL | $13,235,713 | $5,565,694 |
St Louis Christian College Florissant, MO | $2,109,496 | $2,582,761 |
College Of Lake County Foundation Grayslake, IL | $11,745,134 | $6,924,172 |
Central Kentucky Community Foundation Inc Elizabethtown, KY | $36,852,157 | $4,762,142 |