Osher Lifelong Learning Institute
- Assets
- $930.6k
- Revenue
- $566.5k
- Investments
- $0.0
- Employees
- 15
- Location
- Fairfax, VA
- Founding
- 11/1991
- Data as of
- 12/2023
- EIN
- 54-1583254
Organization Overview
Osher Lifelong Learning Institute is located in Fairfax, VA. The organization was established in 1991. According to its NTEE Classification (V36) the organization is classified as: Gerontology, under the broad grouping of Social Science and related organizations. As of 12/2023, Osher Lifelong Learning Institute employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Osher Lifelong Learning Institute 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 12/2023, Osher Lifelong Learning Institute generated $566.5k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $556.6k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.7%) per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE INTELLECTUAL AND CULTURAL EXPERIENCES IN A WELCOMING ATMOSPHERE TO NORTHERN VIRGINIA RESIDENTS IN THEIR RETIREMENT YEARS. THESE INCLUDE COURSES, CLUBS, SPECIAL EVENTS AND SOCIAL ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE INTELLECTUAL AND CULTURAL EXPERIENCES IN A WELCOMING ATMOSPHERE TO NORTHERN VIRGINIA RESIDENTS IN THEIR RETIREMENT YEARS. THESE INCLUDE COURSES, CLUBS, SPECIAL EVENTS AND SOCIAL ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Disano Executive Dir. | Officer | 40 | $100,785 |
Toni Acton Director | Trustee | 7 | $0 |
Camille Hodges Director | Trustee | 7 | $0 |
Robert Heyer Secretary | OfficerTrustee | 7 | $0 |
Debra Mossburg Director | Trustee | 7 | $0 |
Lillian Brooks President | OfficerTrustee | 7 | $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 | $47,396 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $47,396 |
| Total Program Service Revenue | $419,654 |
| Investment income | $98,412 |
| 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 | $566,512 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $23,450 |
| Grants and other assistance to domestic individuals. | $1,200 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $100,785 |
| Compensation of current officers, directors, key employees. | $41,322 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $218,841 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $24,721 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,905 |
| 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 | $7,144 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $18,253 |
| Travel | $779 |
| 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 | $45,206 |
| Insurance | $4,990 |
| All other expenses | $43,344 |
| Total functional expenses | $556,604 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $302,774 |
| Savings and temporary cash investments | $430,492 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $17,712 |
| 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 | $9,049 |
| Net Land, buildings, and equipment | $111,115 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $59,487 |
| Total assets | $930,629 |
| Accounts payable and accrued expenses | $40,402 |
| Grants payable | $0 |
| Deferred revenue | $240,138 |
| 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 | $61,056 |
| Total liabilities | $341,596 |
| Net assets without donor restrictions | $565,084 |
| Net assets with donor restrictions | $23,949 |
| 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 | $930,629 |