Institute For Education In Retirement Inc
- Assets
- $1.0m
- Revenue
- $167.4k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 08/2019
- Data as of
- 06/2023
- EIN
- 83-2772468
Organization Overview
Institute For Education In Retirement Inc is located in New York, NY. The organization was established in 2019. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, 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. Institute For Education In Retirement Inc 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, Institute For Education In Retirement Inc generated $167.4k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 23.0% each year . All expenses for the organization totaled $96.1k during the year ending 06/2023. 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
THE INSTITUTE FOR EDUCATION IN RETIREMENT IS DEDICATED TO SUPPORTING INTELLECTUALLY CHALLENGING PEER LEARNING AND COMMUNITY ENGAGEMENT OPPORTUNITIES TO POST-CAREER NEW YORKERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE INSTITUTE FOR EDUCATION IN RETIREMENT, INC.'S (IER) MAJOR FOCUS SINCE THE SUMMER OF 2019 HAS BEEN SUPPORTING THE LIFELONG PEER LEARNING PROGRAM (LP2) AT THE GRADUATE CENTER OF THE CITY UNIVERSITY OF NEW YORK (CUNY) WHICH SERVES THE NEW YORK METROPOLITAN AREA. FOUNDED IN 1962 AS THE INSTITUTE FOR RETIRED PROFESSIONALS AT THE NEW SCHOOL FOR SOCIAL RESEARCH, LP2 IS THE OLDEST LIFELONG PEER LEARNING GROUP IN THE NATION. IT MOVED TO THE CUNY GRADUATE CENTER IN THE SUMMER OF 2019. LP2 IS BASED ON A MODEL OF ADULT CONTINUING EDUCATION KNOWN AS PEER LEARNING. LP2 MEMBERS FROM VARIOUS BACKGROUNDS SHARE THE RESPONSIBILITY FOR DESIGNING, TEACHING, AND PARTICIPATING IN WEEKLY NONCREDIT STUDY GROUPS THAT MIRROR THE CONTENT AND STRUCTURE OF COLLEGE COURSES. LEARNING AT LP2 IS BOTH AN INTELLECTUAL AND SOCIAL EXPERIENCE, WHERE COMMON INTERESTS PROVIDE A FOUNDATION FOR NEW FRIENDSHIPS. IER SUPPORTS A NUMBER OF PROGRAMS AT LP2, INCLUDING FREE PUBLIC LECTURES THAT BRING SOME OF THE NATION'S TOP INTELLECTUALS IN THE ARTS AND SCIENCES TO ATTENDEES IN PERSON OR VIA ZOOM, ONLINE CLASSES FOR HOMEBOUND OLDER ADULTS, AND GROUP ART SHOWS. THESE PROGRAMS SERVE THE GROWING RETIRED AND SEMI-RETIRED COMMUNITY OF THE NEW YORK METROPOLITAN AREA WITH THE OPPORTUNITY TO KEEP INTELLECTUALLY ENGAGED AND GIVE BACK TO THE COMMUNITY. IER ALSO PROVIDES SCHOLARSHIPS FOR THOSE LP2 MEMBERS IN NEED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Marwell Chairperson And President | OfficerTrustee | 1 | $0 |
Michael Kessler Vice Chairperson And VP | OfficerTrustee | 1 | $0 |
Patrick Siconolfi Treasurer | OfficerTrustee | 1 | $0 |
Ruth Macaman Secretary | OfficerTrustee | 1 | $0 |
Jan Adler Board Member | Trustee | 1 | $0 |
Chuck Brecher Board Member | Trustee | 1 | $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 | $165,122 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $165,122 |
| Total Program Service Revenue | $0 |
| Investment income | $2,300 |
| 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 | $167,422 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $7,378 |
| 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 | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,042 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $15,154 |
| Office expenses | $6,353 |
| Information technology | $3,444 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $51,907 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,277 |
| All other expenses | $0 |
| Total functional expenses | $96,067 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $89,221 |
| 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 | $0 |
| Investments—publicly traded securities | $953,125 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,042,346 |
| 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 | $607,632 |
| Net assets with donor restrictions | $434,714 |
| 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 | $1,042,346 |