2025-05-15T10:47:41-05:00 2024-06-30 331498605 PLANTE & MORAN PLLC 10 S RIVERSIDE PLAZA 9TH FLOOR CHICAGO IL 60606 990 2023-07-01 362182034 THE GREAT BOOKS FOUNDATION GREA 3123325870 651 S SUTTON ROAD PMB 316 STREAMWOOD IL 60107 VALENTINA TEXERA PARISSI PRESIDENT AND CEO 3123325870 2025-05-12 1 1 KIMBERLY A HAUMANN P00546491 3122071040 2025-05-12 2023 2025-03-06 01:10:19Z VALENTINA TEXERA PARISSI 651 S SUTTON ROAD PMB 316 STREAMWOOD IL 60107 3682508 0 X WWW.GREATBOOKS.ORG X 1947 IL 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. 13 13 29 13 0 0 1359951 270327 418525 470110 33145 84423 2612311 1774030 4423932 2598890 0 0 0 0 2516515 2604885 0 0 9700 1001973 638614 3518488 3243499 905444 -644609 2766330 2108447 778734 751179 1987596 1357268 X 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. 0 0 1145620 1761088 K-12 PROGRAMS:IN 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 A RANGE OF STANDARDS FOR ENGLISH LANGUAGE ARTS.K-12 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. IN FY24 WE PREPARED FOR THE JULY 2024 LAUNCH OF JGB DIGITAL CLASSROOM 3, WITH A NEW PLATFORM PROVIDER AND ENHANCED FEATURES. THESE DIGITAL EXPERIENCES UPDATE AND ENHANCE THE GREAT BOOKS LEARNING MODEL AND ALLOW THE FOUNDATION TO REACH A WIDER, MORE DIVERSE AUDIENCE. 485073 455994 PROFESSIONAL DEVELOPMENT:OVER THE PAST YEAR, THE FOUNDATION'S PROFESSIONAL DEVELOPMENT PROGRAM PROVIDED OVER 1500 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, ON-DEMAND COURSES, BLENDED ONLINE COURSES, IN-PERSON AND ONLINE COACHING, AND WEBINARS ON SPECIFIC SKILLS. THIS YEAR, THE FOUNDATION EXPANDED OUR ON-DEMAND OFFERINGS BY LAUNCHING ADVANCED TRAINING COURSES. THE FOUNDATION OFFERS TRAINED SHARED INQUIRY LEADERS FREE RESOURCES AND SUPPORT IMPLEMENTING OUR PROGRAMS IN THE SHARED INQUIRY LEARNING CENTER. IT IS ALSO TRAINED LEADERS CAN 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. 884 27058 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 GREAT BOOKS COUNCILS, AS WELL AS HUNDREDS OF 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 HAS AND WILL IN THE FUTURE PUBLISH BOOKS AND OTHER MATERIALS DESIGNED TO ASSIST IN THE PRACTICE OF SHARED INQUIRY, THE GREAT BOOKS FOUNDATION'S UNIQUE DISCUSSION METHOD. 1631577 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 7 0 1 29 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X PETER WALTON VP & CFO 3123325870 651 S SUTTON ROAD SUITE 316 STREAMWOOD IL 60107 CHARLES BRUMMELL JR CHAIRMAN 1.00 0.00 X 0 0 0 PAUL BARTON VICE-CHAIRMAN 1.00 0.00 X 0 0 0 BARBARA BOWMAN DIRECTOR 1.00 0.00 X 0 0 0 MARCIA WACHS DAM DIRECTOR 1.00 0.00 X 0 0 0 KAREN MACGILVRAY DIRECTOR 1.00 0.00 X 0 0 0 ALEX J POLLOCK DIRECTOR 1.00 0.00 X 0 0 0 JAMES M REUM DIRECTOR 1.00 0.00 X 0 0 0 GEORGE SCHUEPPERT DIRECTOR 1.00 0.00 X 0 0 0 DAVID WARD DIRECTOR 1.00 0.00 X 0 0 0 JAMES W HAUGH LIFE DIRECTOR 1.00 0.00 X 0 0 0 MICHAEL IGOE LIFE DIRECTOR 1.00 0.00 X 0 0 0 JANE C HUNT LIFE DIRECTOR 1.00 0.00 X 0 0 0 WILLIAM LAWLOR LIFE DIRECTOR 1.00 0.00 X 0 0 0 VALENTINA TEXERA PARISSI PRESIDENT & CEO 35.00 0.00 X 141979 0 13113 PETER WALTON VICE-PRESIDENT & CFO 35.00 0.00 X 99070 0 18660 MATTHEW LEMEN DIRECTOR OF K-12 PARTNERSH 35.00 0.00 X 135053 0 8705 SARAH CLAYPOOL FRIEDLAND EXECUTIVE DIRECTOR OF OPER 35.00 0.00 X 105838 0 31703 CHARLES ADAM NATIONAL SALES REPRESENTAT 35.00 0.00 X 106360 0 24192 588300 0 96373 5 0 1 0 0 270327 103583 270327 TRAINING CONSULTATION 611600 455994 455994 OTHER REVENUE 900099 14116 14116 470110 31559 31559 438046 385182 52864 52864 52864 2472466 698436 1774030 1774030 2598890 2244140 0 84423 249117 29223 216241 3653 1904661 1194200 706909 3552 304042 190574 112708 760 147065 84607 61981 477 5787 804 4983 90705 90705 4634 4634 168080 9723 157958 399 99961 792 99169 82275 18685 63354 236 13111 261 12451 399 66148 51587 14561 24745 5450 19295 46249 24592 21527 130 33272 17691 15487 94 TRAINING MATERIALS 6690 6690 BAD DEBT EXPENSE -3302 -3302 259 259 3243499 1631577 1602222 9700 316939 225200 217125 5036 473735 339269 633542 536489 150793 106934 124277 93100 52634 31177 860786 781439 60776 82903 2766330 2108447 534663 441746 244071 309433 778734 751179 X 1920147 1292221 67449 65047 1987596 1357268 2766330 2108447 -644609 14281 0 X 0 1 X 1 0 X 163298 1047152 619380 1359951 270327 3460108 2776957 2715488 3490717 3854146 2942576 15779884 2940255 3762640 4110097 5214097 3212903 19239992 35000 45000 56500 160000 159000 455500 38155 74776 67161 28542 65911 274545 73155 119776 123661 188542 224911 730045 18509947 27247 17425 73782 52005 31559 202018 27247 17425 73782 52005 31559 202018 2967502 3780065 4183879 5266102 3244462 19442010 0.95210 0.96150 0.01040 0.01000 X PART III, LINE 1, COLUMN E: FOR 2022, OF THE AMOUNT REPORTED ON LINE 1D, $1,096,047 IS REVENUE FROM RENT FORGIVENESS. FOR 2021, OF THE AMOUNT REPORTED ON LINE 1C, $429,530 IS REVENUE FROM THE EMPLOYEE RETENTION CREDIT DURING THE FISCAL YEAR. IT IS BEING REPORTED AS A GOVERNMENT GRANT UNDER IRS GUIDANCE. FOR 2020, OF THE AMOUNT REPORTED ON LINE 1B, $846,426 IS REVENUE FROM THE FORGIVENESS OF TWO PPP LOANS DURING THE FISCAL YEAR. IT IS BEING REPORTED AS A GOVERNMENT GRANT UNDER IRS GUIDANCE. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 124277 93100 31177 31177 2608537 14281 14281 2594256 4634 4634 2598890 3238865 0 3238865 4634 4634 3243499 0 0 0 1 0 0 0 0 0 VALENTINA TEXERA PARISSI PRESIDENT & CEO 141979 0 0 0 0 0 0 0 13113 0 155092 0 0 0 PART I, LINE 5 MATTHEW LEMEN RECEIVES COMMISSION AS A PERCENTAGE OF PAID INVOICES. X ADVERTISING 1 98356 FMV 0 0 0 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 IS APPROVED BY THE BOARD WITHIN THE ANNUAL BUDGET. THE PRESIDENT'S SALARY IS COMPARED TO LOCAL SALARY SURVEYS OF NFP ORGANIZATIONS OF SIMILAR SIZE AND OF EDUCATIONAL ADMINISTRATORS OF SMALL TO MEDIUM DISTRICTS OR COLLEGES, AND IS APPROVED BY THE EXECUTIVE COMMITTEE. 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.