Great Books Foundation is located in Streamwood, IL. The organization was established in 1948. According to its NTEE Classification (B92) the organization is classified as: Remedial Reading & Encouragement, under the broad grouping of Education and related organizations. As of 06/2022, Great Books Foundation employed 30 individuals. This organization is the central organization for a national or regional group of organizations. Great Books Foundation 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 06/2022, Great Books Foundation generated $3.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $3.6m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (5.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
K-12 PROGRAMS:IN KEEPING WITH THE FOUNDATION'S MISSION, THE GREAT BOOKS K12 PROGRAM PROVIDES STRONG, INQUIRY-BASED LANGUAGE ARTS PROGRAMS FOR GRADES K12 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.K12 DIGITAL PROGRAMS: TO REMAIN RELEVANT AND SUCCESSFUL IN THE 21ST CENTURY, GREAT BOOKS CREATED A DIGITAL EXPERIENCE BY DEVELOPING DIGITAL PUBLICATIONS AND PRODUCTS TO IMPROVE ACCESS TO CONTENT. INITIALLY THIS WAS IN THE FORM OF GREAT BOOKS PLUS, A DIGITAL PLATFORM THAT OFFERS ELECTRONIC VERSIONS OF GREAT BOOKS ANTHOLOGIES. IN ADDITION, IN 2021 AND 2022, GREAT BOOKS LAUNCHED VERSIONS 1 AND 2 OF JGB DIGITAL CLASSROOM, MOVING US FROM AN EREADER PLATFORM TO A MORE FULLY AGILE DIGITAL PLATFORM.THESE DIGITAL EXPERIENCES UPDATE AND ENHANCE THE GREAT BOOKS LEARNING MODEL AND ALLOW THE FOUNDATION TO REACH A WIDER, MORE DIVERSE AUDIENCE.
PROFESSIONAL DEVELOPMENT:OVER THE PAST YEAR, THE FOUNDATION'S PROFESSIONAL DEVELOPMENT PROGRAM PROVIDED OVER 900 EDUCATORS WITH 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 IN-PERSON AND ONLINE TRAINING, MODELING, COACHING, AND CONSULTATION. THE FOUNDATION OFFERS TEACHERS AND PARENTS INSTRUCTION IN THE SHARED INQUIRY METHOD OF LEARNING THROUGH IN-PERSON TRAINING, BLENDED ONLINE COURSES, IN-PERSON AND ONLINE COACHING, AND WEBINARS ON SPECIFIC SKILLS. THIS YEAR, THE FOUNDATION RELEASED THE SHARED INQUIRY ESSENTIALS ON-DEMAND TRAINING COURSE, WHICH ROUNDS OUT OUR TRAINING OPTIONS BY OFFERING IN-PERSON, ONLINE, AND ASYNCHRONOUS AS WAYS TO COMPLETE THE FOUNDATION'S TRAINING. AS WELL, THE FOUNDATION LAUNCHED THE SHARED INQUIRY LEARNING CENTER, A PLACE WHERE TRAINED SHARED INQUIRY LEADERS CAN TAKE ADVANTAGE OF FREE RESOURCES TO SUPPORT THE USE OF THE SHARED INQUIRY METHOD IN THEIR CLASSROOMS, PARTICIPATE IN FREE EVENTS SUCH AS A PANEL OR EDUCATOR DISCUSSIONS, AND JOIN AN ENGAGED COMMUNITY OF INQUIRY-BASED EDUCATION PROFESSIONALS.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 DEVELOPMENT ACTIVITIES SUGGESTS THAT THE FOUNDATION PLAYS AN IMPORTANT PART IN CREATING AND SUSTAINING VIBRANT, RESPECTFUL LEARNING COMMUNITIES AND INCREASED LITERACY FOR ADULTS AND STUDENTS.
ADULT DISCUSSION GROUPS: THE 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 SIXTEEN GREAT BOOKS COUNCILS, AS WELL AS 650 BOOK GROUPS NATIONWIDE, ACROSS CANADA AND SOUTH AMERICA; CREATES SPECIAL INITIATIVES FOR OFTEN UNDERSERVED SECTORS OF THE POPULATION, INCLUDING VETERANS OF THE ARMED FORCES; AND HOLDS PUBLIC EVENTS TO ENGAGE AUDIENCES IN THE DISCUSSION OF BOOKS AND IDEAS, INCLUDING ONLINE DISCUSSIONS FOR ADULTS. 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. IN ANTICIPATION OF THE FOUNDATION'S 75TH ANNIVERSARY, A NEW TWO-VOLUME ANTHOLOGY, CLASSIC READINGS FOR DISCUSSION, WAS PUBLISHED IN MARCH 2022.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Charles Brummell Jr Chairman | Trustee | 1 | $0 |
Alex J Pollock Vice-Chairman | Trustee | 1 | $0 |
Paul Barton Director | Trustee | 1 | $0 |
Barbara Bowman Director | Trustee | 1 | $0 |
Lindsey Ciochina Director | Trustee | 1 | $0 |
Marcia Wachs Dam Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $429,530 |
All other contributions, gifts, grants, and similar amounts not included above | $189,850 |
Noncash contributions included in lines 1a–1f | $109,381 |
Total Revenue from Contributions, Gifts, Grants & Similar | $619,380 |
Total Program Service Revenue | $330,796 |
Investment income | $29,509 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $44,273 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $6,037 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $2,423,375 |
Miscellaneous Revenue | $0 |
Total Revenue | $3,453,370 |
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. | $338,917 |
Compensation of current officers, directors, key employees. | $246,223 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,766,800 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $277,647 |
Payroll taxes | $158,688 |
Fees for services: Management | $0 |
Fees for services: Legal | $16,749 |
Fees for services: Accounting | $48,200 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $4,871 |
Fees for services: Other | $153,539 |
Advertising and promotion | $121,436 |
Office expenses | $219,810 |
Information technology | $27,393 |
Royalties | $0 |
Occupancy | $367,808 |
Travel | $27,692 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $5,916 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $16,282 |
Insurance | $35,433 |
All other expenses | $326 |
Total functional expenses | $3,603,035 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $692,364 |
Savings and temporary cash investments | $366,082 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $480,204 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $318,155 |
Prepaid expenses and deferred charges | $81,114 |
Net Land, buildings, and equipment | $29,967 |
Investments—publicly traded securities | $804,621 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $112,473 |
Total assets | $2,884,980 |
Accounts payable and accrued expenses | $1,077,946 |
Grants payable | $0 |
Deferred revenue | $122,562 |
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 | $635,955 |
Total liabilities | $1,836,463 |
Net assets without donor restrictions | $981,262 |
Net assets with donor restrictions | $67,255 |
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 | $2,884,980 |