Elderhostel INC FY2022 filing

Tax-deductible

Boston, MA501(c)(3)Since 1975Recreation & SportsEIN 04-2632526Revenue $157.1M in FY2022

On file with the IRSroadscholar.orgPo Box 56033, 02205-6033 · Boston, MATax-exempt since Apr 1978Publicly supported — 509(a)(2)

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Elderhostel Inc., doing business as Road Scholar, sponsors, arranges or conducts educational programs around the world primarily for adults age 55 and older.

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
$3.2M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $22.0M a year · 8% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$3.2M
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 6.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $175K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$192.6M
92% of total assets
Concern: liabilities are 92% of assets; over 80%.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$157.1M
+509% vs prior year
Spent
$158.1M
To programs
91%
Net assets
$15.7M
By yearFY2021–FY2025
Revenue
$157.1M
FY2022▲ +509%
Tap a bar for its year
Revenue by fiscal year
FY2021$25.8M
FY2022$157.1M
FY2023$344.9M
FY2024$383.7M
FY2025$446.0M
Expenses
$158.1M
FY2022▲ +326%
Tap a bar for its year
Expenses by fiscal year
FY2021$37.1M
FY2022$158.1M
FY2023$307.0M
FY2024$344.1M
FY2025$401.0M
Net assets
$15.7M
FY2022▼ -54%
Tap a bar for its year
Net assets by fiscal year
FY2021$34.4M
FY2022$15.7M
FY2023$65.7M
FY2024$115.2M
FY2025$184.1M

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1978.

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

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $143.2M Management & general 9% · $14.2M Fundraising 0% · $617K

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

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Who runs it and what they're paid

25 people listed on the 990; $3.2M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
President & CEO
$955,334Pt VII · Sec A
Ass't Treasurer & CFO
$275,899Pt VII · Sec A
Senior VP, Revenue Management
$246,388Pt VII · Sec A
Chief Operating Officer
$223,357Pt VII · Sec A
VP, Program Accounting and Former Clerk
$222,185Pt VII · Sec A
Chief Programs Officer
$198,635Pt VII · Sec A
VP, Org Development & HR (thru Nov 2021)
$196,563Pt VII · Sec A
Chief Information Officer
$195,576Pt VII · Sec A

James Moses’s $1.3M as President & CEO is at the 43rd percentile of top reported officer pay among 21 $100M+ recreation & sports 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 · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
James Moses$1,334,926$1,038,882$1,078,191$955,334$1,279,007
Lowell Partridge$480,681$418,811$287,584$275,899$144,209
Eric Bird$473,512$438,445$303,948$223,357$205,693
Maeve Hartney$467,825$375,755$245,005$198,635$165,593
Mary Marks$453,026$374,846$246,680$246,388$175,545
Stephen August$335,445$339,211$216,481$186,073—
Joseph Lodato$336,954$282,870$204,764——
John McCarthy$336,286$289,166$225,156$195,576$157,266

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 15aYes

Programs and updates

Sponsors educational travel programs worldwide for adults 55 and older.

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Provided by the organization

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3 programs · $119.3M · in their own filed words · FY2021
01

Road Scholar's unique liberal arts educational programs in the United States and Canada (ranging in length from four days to three weeks for on-site programs, and one to five days for on-line programs and lectures), provide a stimulating academic experience exploring the arts, literature, sciences, history, culture, and environment of…

$63.9Mprogram expense
02

Road Scholar's educational programs held outside the United States and Canada (ranging in length from one to six weeks or more for on-site programs, and one to five days for on-line programs) provide a stimulating academic experience introducing participants to the arts, history, literature, culture, architecture and natural environment…

$41.1Mprogram expense
03

Road Scholar's Adventures Afloat programs (ranging in length from one week to four months) are ship-based learning adventures that allow participants to experience the educational wonders of broad regions interconnected by the world's oceans and waterways.

$14.3Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 5 funders →
Grants paid · 2 grants · $47K · 2021–2021
Unitemized GrantFY2021$28,169
Unitemized GrantFY2021$19,197

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$157.1M
Ln 12
Fees for servicesLn 2g$148.9M
Gifts and grantsLn 1h$4.2M
Other incomeLn 4–11$2.1M
Money outPt IX
$158.1M
Ln 25
Programscol B$143.2M
Managementcol C$14.2M
Fundraisingcol D$617K
Owns and owesPt X
$15.7M
net assets · Ln 32
Cash and savingsLn 1–2$81.7M
Total assetsLn 16$208.4M
LiabilitiesLn 26$192.6M
PeoplePt VI, VII
25
listed · VII A
PaidVII A13
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4.2M
Government grantsLn 1e$1.3M
Noncash giftsLn 1g$43K
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$148.9M
Investment incomeLn 3$1.9M
Other incomeLn 4–11$2.1M
Gains on assetsLn 7$250K
Total revenueLn 12$157.1M
Assets in detailPt X, end of year
CashLn 1$1.8M
SavingsLn 2$79.8M
Cash and savings togetherLn 1–2$81.7M
InvestmentsLn 11–13$91.3M
Land, buildings, equipmentLn 10c$2.4M
Other assetsLn 15$0
Total assetsLn 16$208.4M
LiabilitiesLn 26$192.6M
Net assetsLn 32$15.7M
OperationsPt I, VI
EmployeesI 5359
VolunteersI 6150
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$21.4M$81.7M
InvestmentsLn 11–13$98.8M$91.3M
Land, buildings, equipmentLn 10c$2.4M$2.4M
Total assetsLn 16$135.1M$208.4M
LiabilitiesLn 26$100.7M$192.6M
Net assetsLn 32$34.4M$15.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0$0
Grants to domestic individualsLn 2$47K$47K
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$2.0M$140K$1.8M$6K
Pay of disqualified personsLn 6$229K$0$229K$0
Other salaries and wagesLn 7$16.2M$10.7M$5.2M$242K
Pension plan contributionsLn 8$1.4M$958K$459K$25K
Other employee benefitsLn 9$2.3M$1.4M$915K$30K
Payroll taxesLn 10$1.3M$793K$506K$18K
Management feesLn 11a$0$0$0$0
Legal feesLn 11b$74K$0$74K$0
Accounting feesLn 11c$84K$0$84K$0
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$238K$0$238K$0
Other fees for servicesLn 11g$2.1M$1.8M$218K$40K
Advertising and promotionLn 12$2.5M$2.5M$0$0
Office expensesLn 13$533K$85K$424K$25K
Information technologyLn 14$3.7M$730K$3.0M$4K
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$1.1M$912K$197K$13K
TravelLn 17$113K$104K$7K$2K
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$0$0$0$0
InterestLn 20$50K$0$50K$0
Payments to affiliatesLn 21$0$0$0$0
Depreciation, depletion and amortizationLn 22$1.3M$422K$829K$9K
InsuranceLn 23$680K$673K$7K$0
Other expenses (24a–d)Ln 24$120.1M$120.4M−$474K$177K
All other expensesLn 24e$2.1M$1.6M$444K$27K
Total functional expensesLn 25$158.1M$143.2M$14.2M$617K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $446.0M$401.0M$45.0M$184.1M 990 PDF
FY2024 $383.7M$344.1M$39.6M$115.2M 990 PDF
FY2023 $344.9M$307.0M$37.9M$65.7M 990 PDF
FY2022 Viewing $157.1M$158.1M−$991K$15.7M 990 PDF
FY2021 $25.8M$37.1M−$11.3M$34.4M 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 FY2022 990 (6 parts)
Part I · Summary $157,086,376 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $6,076,680$4,238,585
I-9 Program service revenuePrior year $3,240,967$148,913,808
I-10 Investment incomePrior year $16,075,132$1,854,491
I-11 Other revenuePrior year $415,038$2,079,492
I-12 Total revenuePrior year $25,807,817$157,086,376
I-13 Grants and similar amounts paidPrior year $1,247$47,366
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $17,819,044$23,446,142
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $19,311,185$134,584,318
I-18 Total expensesPrior year $37,131,476$158,077,826
I-19 Revenue less expensesPrior year −$11,323,659−$991,450
Part VI · Governance 11 of 11 board members independent, no flags
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $157,086,376 across 16 lines filed
Lines not itemized here account for $103,605 of total revenue; see the IRS return.
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$1,271,530
VIII-1f All other contributions, gifts and grants$2,967,055
VIII-1g Noncash contributions (included above)$42,893
VIII-1h Total contributions, gifts and grants$4,238,585
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $148,913,808 · Unrelated business $0 · Excluded from tax $0$148,913,808
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $1,604,252$1,604,252
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $2,783,560$2,783,560
VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $0 · Excluded from tax $167,366$167,366
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $250,239$250,239
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $0$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $0 · Unrelated business −$975,039 · Excluded from tax $0−$975,039
VIII-12 Total revenueRelated to mission $149,017,413 · Unrelated business −$975,039 · Excluded from tax $4,805,417$157,086,376
Part IX · Statement of functional expenses $158,077,826 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-2 Grants to domestic individualsPrograms $47,366$47,366
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $139,627 · Management $1,846,982 · Fundraising $5,802$1,992,411
IX-6 Pay of disqualified personsPrograms $0 · Management $229,260 · Fundraising $0$229,260
IX-7 Other salaries and wagesPrograms $10,711,481 · Management $5,198,564 · Fundraising $242,033$16,152,078
IX-8 Pension plan contributionsPrograms $958,342 · Management $459,303 · Fundraising $24,772$1,442,417
IX-9 Other employee benefitsPrograms $1,367,586 · Management $915,288 · Fundraising $30,079$2,312,953
IX-10 Payroll taxesPrograms $792,984 · Management $506,054 · Fundraising $17,985$1,317,023
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11b Legal feesPrograms $0 · Management $73,546 · Fundraising $0$73,546
IX-11c Accounting feesPrograms $0 · Management $83,735 · Fundraising $0$83,735
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $0 · Management $237,766 · Fundraising $0$237,766
IX-11g Other fees for servicesPrograms $1,811,053 · Management $218,150 · Fundraising $40,000$2,069,203
IX-12 Advertising and promotionPrograms $2,505,970 · Management $0 · Fundraising $0$2,505,970
IX-13 Office expensesPrograms $84,576 · Management $424,022 · Fundraising $24,614$533,212
IX-14 Information technologyPrograms $729,833 · Management $2,990,917 · Fundraising $3,585$3,724,335
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $912,036 · Management $196,751 · Fundraising $12,654$1,121,441
IX-17 TravelPrograms $103,725 · Management $7,211 · Fundraising $2,304$113,240
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $0 · Fundraising $0$0
IX-20 InterestPrograms $0 · Management $49,555 · Fundraising $0$49,555
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $421,963 · Management $828,648 · Fundraising $8,999$1,259,610
IX-23 InsurancePrograms $672,684 · Management $7,137 · Fundraising $0$679,821
IX-24 Other expenses (24a–d)Programs $120,353,055 · Management −$474,066 · Fundraising $177,146$120,056,135
IX-24e All other expensesPrograms $1,606,145 · Management $443,734 · Fundraising $26,870$2,076,749
IX-25 Total functional expensesPrograms $143,218,426 · Management $14,242,557 · Fundraising $616,843$158,077,826
Part X · Balance sheet $208,363,648 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $451,159$1,841,394
X-2 Savings and temporary cash investmentsStart of year $20,998,221$79,848,575
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $6,020,399$9,668,771
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $5,016,033$23,308,380
X-10c Land, buildings and equipment, netStart of year $2,401,706$2,359,717
X-11 Publicly traded securitiesStart of year $96,948,275$88,548,636
X-12 Other securitiesStart of year $1,842,767$2,788,175
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $1,390,285$0
X-16 Total assetsStart of year $135,068,845$208,363,648
X-17 Accounts payable and accrued expensesStart of year $4,575,385$15,043,360
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $88,788,649$165,276,919
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $4,887,586$4,887,586
X-25 Other liabilitiesStart of year $2,425,161$7,406,589
X-26 Total liabilitiesStart of year $100,676,781$192,614,454
X-27 Net assets without donor restrictionsStart of year $30,729,996$12,225,808
X-28 Net assets with donor restrictionsStart of year $3,662,068$3,523,386
X-32 Total net assets or fund balancesStart of year $34,392,064$15,749,194
X-33 Total liabilities and net assetsStart of year $135,068,845$208,363,648
Part XI · Reconciliation of net assets $15,749,194 net assets at year end
XI-1 Total revenue$157,086,376
XI-2 Total expenses$158,077,826
XI-3 Revenue less expenses−$991,450
XI-4 Net assets at start of year$34,392,064
XI-5 Net unrealized gains (losses) on investments−$10,684,978
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets−$6,966,442
XI-10 Net assets at end of year$15,749,194

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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