Learning in Retirement INC

Tax-deductible

Athens, GA501(c)(3)Since 2002EducationEIN 02-0553205

The organization is dedicated to meeting the intellectual, social, and cultural interests of adults age 50+ through lifelong learning. The mission is accomplished through classes, luncheon programs, trips, social events, and shared interest groups.

501(c)(3) charity; gifts are tax-deductible.
46¢ of each $1 spent went to programs.
Run by 400 volunteers and 1 employee.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 3
filings with a surplus
Average surplus $10K a year · 4% of revenue · last 3 filings
Worth a look: a surplus in 1 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
46%
of spending
Concern: 46% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$56K
51% of total assets
Fine: liabilities are 51% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$400K
+100% vs prior year
Spent
$450K
To programs
46%
Net assets
$54K
By yearFY2020–FY2024
Revenue
$400K
FY2024▲ +100%
Revenue by fiscal year
FY2020$305K
FY2021$212K
FY2022$147K
FY2023$192K
FY2024$200K
FY2024$400K
Expenses
$450K
FY2024▲ +118%
Expenses by fiscal year
FY2020$313K
FY2021$168K
FY2022Not on file
FY2023Not on file
FY2024$206K
FY2024$450K
Net assets
$54K
FY2024▼ -48%
Net assets by fiscal year
FY2020$152K
FY2021$187K
FY2022$110K
FY2023$110K
FY2024$104K
FY2024$54K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2004.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

46 cents of each dollar spent went to programs.

Program services 46% · $208K Management & general 54% · $242K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

15 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Timothy Meehan’s $65K as Executive Director is at the 58th percentile of top reported officer pay among 1613 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2023FY2022FY2021FY2020
Timothy Meehan$65,245$71,332$66,770$62,500

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers lifelong learning for adults 50 and older at the University of Georgia.

Provided by the organization

This section is blank until Learning in Retirement INC claims this page.

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2 program services account for $208K of program spending, described in the organization's own filed words · FY2024.
01

In the current fiscal year, approximately 300 classes were offered to members. 810 members took classes last year with approximately 6,067 class and lunch & learn registrations.

$194Kprogram expense
02

Learning in retirement (olli@uga) offers travel and study adventures throughout the year. The goal is to create a variety of opportunities that pique members' curiosity about history, geography or different cultures, and provide members with a means to explore those interests with other olli members.

$14Kprogram expense

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By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$400K
Ln 12
Gifts and grantsLn 1h$233K
Fees for servicesLn 2g$140K
Investment incomeLn 3$15K
Money outPt IX
$450K
Ln 25
Programscol B$208K
Managementcol C$242K
Owns and owesPt X
$54K
net assets · Ln 32
Cash and savingsLn 1–2$54K
Total assetsLn 16$110K
LiabilitiesLn 26$56K
PeoplePt VI, VII
15
listed · VII A
PaidVII A0
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$233K
Fees for servicesLn 2g$140K
Investment incomeLn 3$15K
Other incomeLn 4–11$12K
Gains on assetsLn 7$0
Total revenueLn 12$400K
Assets in detailPt X, end of year
CashLn 1$54K
SavingsLn 2$0
Cash and savings togetherLn 1–2$54K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$322
Other assetsLn 15$0
Total assetsLn 16$110K
LiabilitiesLn 26$56K
Net assetsLn 32$54K
OperationsPt I, VI
EmployeesI 51
VolunteersI 6400
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$63K$54K
InvestmentsLn 11–13$60K$0
Land, buildings, equipmentLn 10c$537$322
Total assetsLn 16$147K$110K
LiabilitiesLn 26$43K$56K
Net assetsLn 32$104K$54K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$132K$100K$32K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$118K$118K
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$9K$9K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$35K$35K
Advertising and promotionLn 12$23K$22K$1K
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$215$215
InsuranceLn 23$6K$4K$2K
Other expenses (24a–d)Ln 24$75K$48K$27K
All other expensesLn 24e$49K$33K$16K
Total functional expensesLn 25$450K$208K$242K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $200K$206K−$6K$104K 990 PDF
FY2023 $192K$110K 990 PDF
FY2022 $147K$110K 990 PDF
FY2021 $212K$168K$44K$187K 990 PDF
FY2020 $305K$313K−$8K$152K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $400,167 across 11 lines filed
VIII-1b Membership dues$82,423
VIII-1f All other contributions, gifts and grants$151,024
VIII-1h Total contributions, gifts and grants$233,447
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $139,869$139,869
VIII-3 Investment incomeRelated to mission $14,611$14,611
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $12,240$12,240
VIII-12 Total revenueRelated to mission $166,720$400,167
Part IX · Statement of functional expenses $449,640 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $100,457 · Management $31,643$132,100
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsManagement $118,010$118,010
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal feesManagement $1,718$1,718
IX-11c Accounting feesManagement $9,296$9,296
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesManagement $35,390$35,390
IX-12 Advertising and promotionPrograms $22,000 · Management $1,030$23,030
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationManagement $215$215
IX-23 InsurancePrograms $4,000 · Management $1,597$5,597
IX-24 Other expenses (24a–d)Programs $48,021 · Management $26,983$75,004
IX-24e All other expensesPrograms $33,245 · Management $16,035$49,280
IX-25 Total functional expensesPrograms $207,723 · Management $241,917 · Fundraising $0$449,640
Part X · Balance sheet $110,277 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $32,033$54,214
X-2 Savings and temporary cash investmentsStart of year $31,200$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable−$10,397
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $22,564$66,138
X-10c Land, buildings and equipment, netStart of year $537$322
X-11 Publicly traded securitiesStart of year $60,270$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $146,604$110,277
X-17 Accounts payable and accrued expensesStart of year $380$62
X-19 Deferred revenueStart of year $42,548$56,012
X-26 Total liabilitiesStart of year $42,928$56,074
X-27 Net assets without donor restrictionsStart of year $103,676$54,203
X-32 Total net assets or fund balancesStart of year $103,676$54,203
X-33 Total liabilities and net assetsStart of year $146,604$110,277
Part XI · Reconciliation of net assets $54,203 net assets at year end
XI-1 Total revenue$400,167
XI-2 Total expenses$449,640
XI-3 Revenue less expenses−$49,473
XI-4 Net assets at start of year$103,676
XI-10 Net assets at end of year$54,203

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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