Elderhostel INC FY2023 filing

Tax-deductible

Boston, MA501(c)(3)Since 1975Recreation & SportsEIN 04-2632526Revenue $344.9M in FY2023

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.
93¢ of each $1 spent went to programs.
$3.4M 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

FY2023 · 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
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$3.4M
to officers and key staff · 1% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.2 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
$164.3M
71% of total assets
Worth a look: liabilities are 71% of assets; over 65%.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$344.9M
+120% vs prior year
Spent
$307.0M
To programs
93%
Net assets
$65.7M
By yearFY2021–FY2025
Revenue
$344.9M
FY2023▲ +120%
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
$307.0M
FY2023▲ +94%
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
$65.7M
FY2023▲ +317%
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 FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

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

93 cents of each dollar spent went to programs.

Program services 93% · $285.4M Management & general 7% · $20.9M Fundraising 0% · $738K

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

26 people listed on the 990; $3.4M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
President & CEO
$1,078,191Pt VII · Sec A
Chief Operating Officer
$303,948Pt VII · Sec A
Ass't Treasurer & CFO
$287,584Pt VII · Sec A
Senior VP, Revenue Management
$246,680Pt VII · Sec A
Chief Programs Officer
$245,005Pt VII · Sec A
Chief Information Officer
$225,156Pt VII · Sec A
VP, Marketing
$216,481Pt VII · Sec A
VP, Program Accounting and Former Clerk
$212,956Pt 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 · $245.0M · in their own filed words · FY2022
01

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 virtual web-based programs) provide a stimulating academic experience introducing participants to the arts, history, literature, culture, architecture and natural…

$108.3Mprogram expense
02

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 virtual web-based programs and lectures), provide a stimulating academic experience exploring the arts, literature, sciences, history, culture, and…

$100.0Mprogram 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.

$36.8Mprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$344.9M
Ln 12
Fees for servicesLn 2g$320.9M
Other incomeLn 4–11$12.1M
Gifts and grantsLn 1h$8.1M
Money outPt IX
$307.0M
Ln 25
Programscol B$285.4M
Managementcol C$20.9M
Fundraisingcol D$738K
Owns and owesPt X
$65.7M
net assets · Ln 32
Cash and savingsLn 1–2$81.7M
Total assetsLn 16$230.0M
LiabilitiesLn 26$164.3M
PeoplePt VI, VII
26
listed · VII A
PaidVII A12
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$8.1M
Government grantsLn 1e$5.0M
Noncash giftsLn 1g$22K
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$320.9M
Investment incomeLn 3$3.9M
Other incomeLn 4–11$12.1M
Gains on assetsLn 7−$105K
Total revenueLn 12$344.9M
Assets in detailPt X, end of year
CashLn 1$2.8M
SavingsLn 2$78.9M
Cash and savings togetherLn 1–2$81.7M
InvestmentsLn 11–13$116.2M
Land, buildings, equipmentLn 10c$3.4M
Other assetsLn 15$0
Total assetsLn 16$230.0M
LiabilitiesLn 26$164.3M
Net assetsLn 32$65.7M
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 FY23End FY23
Cash and savingsLn 1–2$81.7M$81.7M
InvestmentsLn 11–13$91.3M$116.2M
Land, buildings, equipmentLn 10c$2.4M$3.4M
Total assetsLn 16$208.4M$230.0M
LiabilitiesLn 26$192.6M$164.3M
Net assetsLn 32$15.7M$65.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0$0
Grants to domestic individualsLn 2$61K$61K
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$3.4M$211K$3.2M$11K
Pay of disqualified personsLn 6$298K$0$298K$0
Other salaries and wagesLn 7$26.5M$19.8M$6.4M$301K
Pension plan contributionsLn 8$1.8M$1.2M$551K$31K
Other employee benefitsLn 9$3.0M$2.1M$858K$41K
Payroll taxesLn 10$1.9M$1.2M$677K$23K
Management feesLn 11a$0$0$0$0
Legal feesLn 11b$64K$0$64K$0
Accounting feesLn 11c$118K$0$118K$0
Lobbying feesLn 11d$22K$0$22K$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$217K$0$217K$0
Other fees for servicesLn 11g$3.1M$2.4M$664K$42K
Advertising and promotionLn 12$5.4M$5.4M$0$0
Office expensesLn 13$644K$217K$395K$31K
Information technologyLn 14$4.4M$913K$3.5M$14K
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$1.2M$946K$196K$13K
TravelLn 17$359K$303K$46K$10K
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$0$0$0$0
InterestLn 20$33K$0$33K$0
Payments to affiliatesLn 21$0$0$0$0
Depreciation, depletion and amortizationLn 22$1.1M$388K$665K$8K
InsuranceLn 23$2.0M$1.6M$371K$0
Other expenses (24a–d)Ln 24$242.0M$239.5M$2.2M$185K
All other expensesLn 24e$9.5M$9.0M$455K$28K
Total functional expensesLn 25$307.0M$285.4M$20.9M$738K

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 Viewing $344.9M$307.0M$37.9M$65.7M 990 PDF
FY2022 $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 FY2023 990 (6 parts)
Part I · Summary $344,940,076 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,238,585$8,060,314
I-9 Program service revenuePrior year $148,913,808$320,898,862
I-10 Investment incomePrior year $1,854,491$3,927,188
I-11 Other revenuePrior year $2,079,492$12,053,712
I-12 Total revenuePrior year $157,086,376$344,940,076
I-13 Grants and similar amounts paidPrior year $47,366$61,108
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $23,446,142$36,942,780
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $134,584,318$270,043,409
I-18 Total expensesPrior year $158,077,826$307,047,297
I-19 Revenue less expensesPrior year −$991,450$37,892,779
Part VI · Governance 8 of 8 board members independent, no flags
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
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 $344,940,076 across 16 lines filed
Lines not itemized here account for $480,597 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$5,032,297
VIII-1f All other contributions, gifts and grants$3,028,017
VIII-1g Noncash contributions (included above)$22,152
VIII-1h Total contributions, gifts and grants$8,060,314
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $320,898,862 · Unrelated business $0 · Excluded from tax $0$320,898,862
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $4,031,924$4,031,924
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $3,340,303$3,340,303
VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $0 · Excluded from tax $179,206$179,206
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax −$104,736−$104,736
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 $8,053,606 · Excluded from tax $0$8,053,606
VIII-12 Total revenueRelated to mission $321,379,459 · Unrelated business $8,053,606 · Excluded from tax $7,446,697$344,940,076
Part IX · Statement of functional expenses $307,047,297 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-2 Grants to domestic individualsPrograms $61,108$61,108
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 $211,425 · Management $3,154,944 · Fundraising $11,486$3,377,855
IX-6 Pay of disqualified personsPrograms $0 · Management $297,687 · Fundraising $0$297,687
IX-7 Other salaries and wagesPrograms $19,804,873 · Management $6,379,194 · Fundraising $301,335$26,485,402
IX-8 Pension plan contributionsPrograms $1,246,266 · Management $551,128 · Fundraising $30,813$1,828,207
IX-9 Other employee benefitsPrograms $2,132,622 · Management $858,276 · Fundraising $40,743$3,031,641
IX-10 Payroll taxesPrograms $1,221,911 · Management $677,374 · Fundraising $22,703$1,921,988
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11b Legal feesPrograms $0 · Management $63,768 · Fundraising $0$63,768
IX-11c Accounting feesPrograms $0 · Management $118,102 · Fundraising $0$118,102
IX-11d Lobbying feesPrograms $0 · Management $22,500 · Fundraising $0$22,500
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $0 · Management $216,688 · Fundraising $0$216,688
IX-11g Other fees for servicesPrograms $2,413,952 · Management $664,283 · Fundraising $42,000$3,120,235
IX-12 Advertising and promotionPrograms $5,400,993 · Management $0 · Fundraising $0$5,400,993
IX-13 Office expensesPrograms $217,430 · Management $394,963 · Fundraising $31,158$643,551
IX-14 Information technologyPrograms $913,026 · Management $3,477,112 · Fundraising $13,850$4,403,988
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $945,534 · Management $195,976 · Fundraising $12,953$1,154,463
IX-17 TravelPrograms $303,479 · Management $45,637 · Fundraising $9,794$358,910
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 $32,991 · Fundraising $0$32,991
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $388,010 · Management $664,949 · Fundraising $7,966$1,060,925
IX-23 InsurancePrograms $1,581,606 · Management $371,416 · Fundraising $0$1,953,022
IX-24 Other expenses (24a–d)Programs $239,534,921 · Management $2,249,071 · Fundraising $185,285$241,969,277
IX-24e All other expensesPrograms $9,041,387 · Management $455,006 · Fundraising $27,603$9,523,996
IX-25 Total functional expensesPrograms $285,418,543 · Management $20,891,065 · Fundraising $737,689$307,047,297
Part X · Balance sheet $229,991,445 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $1,841,394$2,752,414
X-2 Savings and temporary cash investmentsStart of year $79,848,575$78,915,957
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $9,668,771$5,870,650
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $23,308,380$22,889,581
X-10c Land, buildings and equipment, netStart of year $2,359,717$3,370,965
X-11 Publicly traded securitiesStart of year $88,548,636$112,895,993
X-12 Other securitiesStart of year $2,788,175$3,295,885
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $208,363,648$229,991,445
X-17 Accounts payable and accrued expensesStart of year $15,043,360$15,137,389
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $165,276,919$146,149,820
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $4,887,586$0
X-25 Other liabilitiesStart of year $7,406,589$3,034,111
X-26 Total liabilitiesStart of year $192,614,454$164,321,320
X-27 Net assets without donor restrictionsStart of year $12,225,808$61,462,208
X-28 Net assets with donor restrictionsStart of year $3,523,386$4,207,917
X-32 Total net assets or fund balancesStart of year $15,749,194$65,670,125
X-33 Total liabilities and net assetsStart of year $208,363,648$229,991,445
Part XI · Reconciliation of net assets $65,670,125 net assets at year end
XI-1 Total revenue$344,940,076
XI-2 Total expenses$307,047,297
XI-3 Revenue less expenses$37,892,779
XI-4 Net assets at start of year$15,749,194
XI-5 Net unrealized gains (losses) on investments$6,617,924
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$5,410,228
XI-10 Net assets at end of year$65,670,125

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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