Osher Lifelong Learning Institute
- Assets
- $1.6m
- Revenue
- $871.7k
- Investments
- $0.0
- Employees
- 7
- Location
- Washington, DC
- Founding
- 12/1989
- Data as of
- 06/2022
- EIN
- 52-1636891
Organization Overview
Osher Lifelong Learning Institute is located in Washington, DC. The organization was established in 1989. 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 7 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 06/2022, Osher Lifelong Learning Institute generated $871.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $817.2k during the year ending 06/2022. While expenses have increased by 3.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
TO PROVIDE EDUCATIONAL OPPORTUNITIES FOR RETIRED AND SEMI-RETIRED MEN AND WOMEN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE INSTITUTE CONDUCTS CLASSES DESIGNED TO MEET THE EDUCATIONAL NEEDS AND INTERESTS OF RETIRED AND SEMI-RETIRED MEN AND WOMEN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Bargeron Chair, Director | OfficerTrustee | 0 | $0 |
David Hensler Vice-Chair, Director | OfficerTrustee | 0 | $0 |
Jo Anne Friedenthal Treasurer, Director | OfficerTrustee | 0 | $0 |
Martha Cutts Secretary, Director | OfficerTrustee | 0 | $0 |
John Aldock Director | Trustee | 0 | $0 |
Myra Barron Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $110,274 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $115,386 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $225,660 |
| Total Program Service Revenue | $605,685 |
| Investment income | $40,399 |
| 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 | $871,744 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $126,507 |
| Other salaries and wages | $316,939 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $121,219 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,032 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $11,062 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $29,511 |
| Advertising and promotion | $0 |
| Office expenses | $8,065 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $96,315 |
| Travel | $0 |
| 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 | $4,824 |
| Insurance | $9,102 |
| All other expenses | $10,006 |
| Total functional expenses | $817,248 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $72,877 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $11,476 |
| Investments—publicly traded securities | $1,558,081 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,642,434 |
| Accounts payable and accrued expenses | $641 |
| 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 | $641 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $216,868 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $1,424,925 |
| Total liabilities and net assets/fund balances | $1,642,434 |