Lyceum INC

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EIN 57-1095365 Public charity (501(c)(3)) Amherst, MA NTEE B99
Form 990 (PDF)

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Revenue & expenses by yearFY2020–FY2024
Revenue
$579K
FY2024▲ +105%
Expenses
$114K
FY2024▲ +21%

Form 990 for the fiscal year ending December 2024 (IRS tax year 2024).


Offers adult education in philosophy and related fields at a modern retreat center. For fiscal year 2024 it reported $579K in revenue, $114K in expenses, and $5.1M in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Amherst, MA
Website
terramuseiowa.org
Filings
5 on file (2020–2024)
Revenue
$579KFY2024
Expenses
$114K
Net assets
$5.1M
People
1
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Provided by the organization

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Size
$100K–1M
What they do
Offers adult education in philosophy and related fields at a modern retreat center.
Leadership
David K O'Donaghue · President · $47K
Money in and out
$579K revenue, $114K expenses
Bottom line
46% program efficiency

What Funders Ask

6 questions, answered from this org's own filings

Will my donation be tax-deductible?

GOOD

Yes — A charitable, religious, educational, scientific, or literary organization. Contributions are generally tax-deductible for donors.

IRS Business Master File records this organization as tax-exempt with deductible contributions. See detail →

Can I donate to this org right now?

GOOD

No revocation on IRS record

This EIN does not appear on the IRS auto-revocation list. See detail →

Is this organization up to date?

GOOD

Filed FY2024 (typical filing lag)

Most recent Form 990 on file is for fiscal year 2024 (2 years ago). See detail →

Is it receiving grants from reputable foundations?

NEUTRAL

No foundation grants on file

No Schedule I/Schedule R grants from other foundations are on file for this EIN. See detail →

How is the money spent?

CRITICAL

46% to programs

46% of total functional expenses went to program services in the most recent filing (Form 990 Part IX); the rest is overhead and fundraising. See detail →

What's its financial size and trend?

NEUTRAL

$100K–1M · ↑ +105% vs prior year

Revenue band $100K–1M, +105% versus the prior filing year (up). See detail →

Where the money goes · FY2024
Total revenue
$579K
Pt VIII · Ln 12
Total expenses
$114K
Pt IX · Ln 25
Net assets
$5.1M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $466K
Where spending went · Part IX cols B–D
Program services $0.46 Management & general $0.54
Program efficiency
46%
of spending reaches programs▼ -23% vs prior filing year
Operating runway
256.6mo
months of highly liquid reserves at operating expense rate▼ -11% vs prior filing year
Surplus margin
+80%
revenue over expenses, this year▲ +20% vs prior filing year

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Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$5.1M
FY2024▲ +10%
Total liabilities
$0
FY2024
Revenue less expensesPt I · Ln 19$466K
Total assetsPt X · Ln 16$5.1M
Program-expense ratioPt IX · col B46%
Voting members of governing bodyPt I · Ln 31
Independent voting membersPt I · Ln 4pending

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CLyceum INC
EINHdr · item D57-1095365
Principal addressHdr · item CAmherst, MA
WebsiteHdr · item Jterramuseiowa.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B99)
Ruling yearIRS BMFJun 2000

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a1
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$47,418Pt VII · Sec A

David K O'Donaghue’s $47K as President is at the 38th 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

NameFY2024FY2023FY2022FY2021FY2020
David K O'Donaghue$47,418$30,516$15,695$30,000$30,000

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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Mission & Programs · Part III

Where the work happens

1 program service account for $52K of program spending, described in the organization's own filed words · FY2024.
01

Provides adult education in philosophy & related fields through public retreats, workshops and classes.

$52Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$365K · 63%
Investment income$195K · 34%
Other revenue$19K · 3%
Contributions & grants63%$365K
Investment income34%$195K
Other revenue3%$19K
Total revenueLn 12$579K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.46 Management & general $0.54
Program services46%$52K
Management & general54%$62K
Total functional expensesLn 25$114K

Balance Sheet

Part X · end of year
CashLn 1$183K
Total assetsLn 16$5.1M
Total liabilitiesLn 26$0
Total net assetsLn 32$5.1M
Months of cash on handcomputed19.3

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $2.4M · Operating expenses/yr $114K
256.6 months
Where the money goes
Program services
Program services $52K · Total expenses $114K
46%
Management & General
Management & general $62K · Total expenses $114K
54%
Fundraising
Fundraising $0 · Total expenses $114K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $241K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $365K · Total revenue $579K
63%
Government reliance
Government grants — · Total revenue $579K
—
Earned-income share
Program service revenue $0 · Total revenue $579K
0%
Investment reliance
Investment income $195K · Total revenue $579K
+34%
Program self-sufficiency
Program service revenue $0 · Total expenses $114K
0%
Growth & trend
Revenue growth (YoY)
This year $579K · Prior year $282K
+105%
Revenue CAGR
FY2020 $407K · FY2024 $579K
+9%
Net-asset trend (YoY)
End of year $5.1M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $579K · Expenses $114K
+80%
Liabilities-to-Assets
Total liabilities — · Total assets $5.1M
—
Net-asset ratio
Net assets $5.1M · Total assets $5.1M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $2.2M · Other securities (Pt X, ln 12) $1K · Total assets (Pt X, ln 16) $5.1M
44%
People & payroll
Highest Reported Total Compensation
Individual David K O'Donaghue · Reported title PRESIDENT · Highest reported compensation $47K · Total expenses $114K
42%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $47K · Total expenses $114K
42%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 46%——
Overhead ratio 54%——
Fundraising cost ratio 0%——
Revenue growth 105%——
Investment management fee ratio 0.2%——
Legal fee ratio 0%——
Accounting fee ratio 4%——
Fundraising fee ratio 0%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · this organization's grantmaking
Grants paid · 2 grants · $18K · 2024–2024
Community Health Free ClinicIA · FY2024$10,000
Doctors Without BordersNY · FY2024$7,600

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$579K revenue · viewing · ⤓ 990 PDF
FY2023$282K revenue · ⤓ 990 PDF
FY2022$260K revenue · ⤓ 990 PDF
FY2021$505K revenue · ⤓ 990 PDF
FY2020$407K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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