Osher Lifelong Learning Institute
- Assets
- $4.5m
- Revenue
- $383.7k
- Investments
- $0.0
- Employees
- 8
- Location
- Charlottesville, VA
- Founding
- 05/2001
- Data as of
- 06/2021
- EIN
- 54-2018263
Organization Overview
Osher Lifelong Learning Institute is located in Charlottesville, VA. The organization was established in 2001. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. As of 06/2022, Osher Lifelong Learning Institute employed 8 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 06/2021, Osher Lifelong Learning Institute generated $383.7k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $359.6k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE EDUCATIONAL OPPORTUNITIES FOR ACTIVE ADULTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE COURSES, TRIPS AND LECTURES FOR SENIORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leslie Pont Part Yr Executive Director | Officer | 40 | $71,412 |
Genevieve Baer Dir. Of Operations And Member Eng | Officer | 40 | $52,093 |
Tay Strauss Dir. Of Programming | Officer | 40 | $50,354 |
Gary Nimax President | OfficerTrustee | 4 | $0 |
Ed Piper Vice President | OfficerTrustee | 3 | $0 |
Carol Bingaman Secretary | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $45,887 |
| All other contributions, gifts, grants, and similar amounts not included above | $169,161 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $215,048 |
| Total Program Service Revenue | $163,524 |
| Investment income | $1,138 |
| 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 | $383,659 |
| 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. | $90,110 |
| Compensation of current officers, directors, key employees. | $40,549 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $132,349 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $17,747 |
| Payroll taxes | $17,937 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,185 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $21,989 |
| Office expenses | $4,423 |
| Information technology | $16,574 |
| Royalties | $0 |
| Occupancy | $37,572 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $250 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,486 |
| All other expenses | $0 |
| Total functional expenses | $359,574 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $550,770 |
| Pledges and grants receivable | $3,976,496 |
| 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 | $4,527,266 |
| 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 | $541,733 |
| Net assets with donor restrictions | $3,985,533 |
| 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 | $4,527,266 |
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