Learning In Retirement Inc
- Assets
- $149.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- Athens, GA
- Founding
- 09/2004
- Data as of
- 06/2023
- EIN
- 02-0553205
Organization Overview
Learning In Retirement Inc, operating under the name Osher Lifelong Learning Institute, is located in Athens, GA. The organization was established in 2004. According to its NTEE Classification (B60) the organization is classified as: Adult Education, 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. 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 06/2023, Osher Lifelong Learning Institute generated $191.5k 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 (6.4%) each year. All expenses for the organization totaled $203.8k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (6.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE LIFELONG LEARNING OPPORTUNITIES TO ADULTS AGE 50 AND OLDER AT THE OSHER LIFELONG LEARNING INSTITUTE AT THE UNIVERSITY OF GEORGIA.
Describe the Organization's Program Activity:
Part 3
AS OF JUNE 30, 2021 OLLI@UGA HAD 907 MEMBERS. OLLI MEMBERS PARTICIPATED IN 329 ONLINE CLASSES AND VARIOUS SHARED INTEREST GROUPS (SIGS), INCLUDING MEMOIR WRITING, POETRY WRITING, SOLO SENIORS, BOOK DISCUSSION, WISEMEN, DNA FOR GENEALOGY, AND OTHERS DURING THIS REPORTING YEAR.
AS THE PANDEMIC LIFTS, MEMBERS WILL ALSO BE ABLE TO PARTICIPATE IN IN-PERSON CLASSES AND SIGS, AS WELL AS LOCAL, REGIONAL, AND INTERNATIONAL TRAVEL/STUDY ADVENTURES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alexis Winger Director | 0 | $0 | |
Mamie Mierzwak President | 10 | $0 | |
Greg Mitsoff Treasurer | 5 | $0 | |
Jane Amos Director | 2.5 | $0 | |
Norman Baldwin Director | 2.5 | $0 | |
Laura Carter Director | 2.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $73,327 |
| Total Program Service Revenue | $104,973 |
| Membership dues | $0 |
| Investment income | $2,246 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $10,993 |
| Total Revenue | $191,539 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $76,819 |
| Professional fees and other payments to independent contractors | $12,696 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $5,486 |
| Other expenses | $108,820 |
| Total expenses | $203,821 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $134,516 |
| Other assets | $0 |
| Total assets | $148,963 |
| Total liabilities | $39,292 |
| Net assets or fund balances | $109,671 |