Lyceum INC FY2021 filing

Tax-deductible

Amherst, MA501(c)(3)EducationEIN 57-1095365Revenue $505K in FY2021

On file with the IRSterramuseiowa.org101 Spencer Dr, 01002-3364 · Amherst, MATax-exempt since Jun 2000Publicly supported charity — 170(b)(1)(A)(vi)

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To provide adult education in philosophy & related fields through a modern retreat and gathering center.

501(c)(3) charity; gifts are tax-deductible.
61¢ of each $1 spent went to programs.
$30K 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

FY2021 · 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
5 of 5
filings with a surplus
Average surplus $295K a year · 72% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
61%
of spending
Worth a look: 61% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$30K
to officers and key staff · 22% of spending
Worth a look: pay to officers and key staff is 22% of spending; over 20%.
Pt VII · Sec A
Cash reserves
48 mo
of spending, in cash
Looks good: 48.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 1 voting members
Concern: none of 1 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$505K
+24% vs prior year
Spent
$136K
To programs
61%
Net assets
$4.2M
By yearFY2020–FY2024
Revenue
$505K
FY2021▲ +24%
Tap a bar for its year
Revenue by fiscal year
FY2020$407K
FY2021$505K
FY2022$260K
FY2023$282K
FY2024$579K
Expenses
$136K
FY2021▲ +31%
Tap a bar for its year
Expenses by fiscal year
FY2020$104K
FY2021$136K
FY2022$112K
FY2023$94K
FY2024$114K
Net assets
$4.2M
FY2021▲ +10%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.8M
FY2021$4.2M
FY2022$4.3M
FY2023$4.7M
FY2024$5.1M

From the FY2021 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2000.

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

Where the money goes

61 cents of each dollar spent went to programs.

Program services 61% · $83K Management & general 39% · $53K

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

1 person listed on the 990; $30K paid to officers and key staff.

Part VII, Section A · reportable compensation
$30,000Pt 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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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 adult education in philosophy and related fields at a modern retreat center.

Questions for Lyceum INC

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Provided by the organization

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1 program · in their own filed words · FY2021
01

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

Pt IX · col B

Funders

Who pays for it.

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

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

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$505K
Ln 12
Gifts and grantsLn 1h$400K
Fees for servicesLn 2g$53K
Investment incomeLn 3$44K
Money outPt IX
$136K
Ln 25
Programscol B$83K
Managementcol C$53K
Owns and owesPt X
$4.2M
net assets · Ln 32
Cash and savingsLn 1–2$550K
Total assetsLn 16$4.2M
LiabilitiesLn 26$0
PeoplePt VI, VII
1
listed · VII A
PaidVII A1
Voting boardVI 1a1
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$400K
Fees for servicesLn 2g$53K
Investment incomeLn 3$44K
Other incomeLn 4–11$8K
Gains on assetsLn 7−$2K
Total revenueLn 12$505K
Assets in detailPt X, end of year
SavingsLn 2$550K
Cash and savings togetherLn 1–2$550K
InvestmentsLn 11–13$1.2M
Land, buildings, equipmentLn 10c$2.4M
Total assetsLn 16$4.2M
LiabilitiesLn 26$0
Net assetsLn 32$4.2M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$417K$550K
InvestmentsLn 11–13$1.2M$1.2M
Land, buildings, equipmentLn 10c$2.2M$2.4M
Total assetsLn 16$3.8M$4.2M
LiabilitiesLn 26$0$0
Net assetsLn 32$3.8M$4.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$30K$30K
Other employee benefitsLn 9$3K$3K
Accounting feesLn 11c$3K$3K
Investment management feesLn 11f$9K$9K
Other fees for servicesLn 11g$42K$42K
Advertising and promotionLn 12$1K$1K
Information technologyLn 14$578$578
OccupancyLn 16$23K$23K
TravelLn 17$268$268
Conferences, conventions and meetingsLn 19$51$51
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$20K$14K$6K
All other expensesLn 24e$2K$1K$783
Total functional expensesLn 25$136K$83K$53K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $579K$114K$466K$5.1M 990 PDF
FY2023 $282K$94K$188K$4.7M 990 PDF
FY2022 $260K$112K$149K$4.3M 990 PDF
FY2021 Viewing $505K$136K$369K$4.2M 990 PDF
FY2020 $407K$104K$303K$3.8M 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 FY2021 990 (6 parts)
Part I · Summary $505,281 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $350,000$400,000
I-9 Program service revenuePrior year $16,654$52,968
I-10 Investment incomePrior year $34,091$43,897
I-11 Other revenuePrior year $5,850$8,416
I-12 Total revenuePrior year $406,595$505,281
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $38,696$32,886
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $65,131$103,545
I-18 Total expensesPrior year $103,827$136,431
I-19 Revenue less expensesPrior year $302,768$368,850
Part VI · Governance 0 of 1 board members independent, 4 to look at
VI-1a Voting members of the governing body1
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $505,281 across 7 lines filed
VIII-1f All other contributions, gifts and grants$400,000
VIII-1h Total contributions, gifts and grants$400,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $52,968$52,968
VIII-3 Investment incomeRelated to mission $45,961$45,961
VIII-6 Net rental income or lossExcluded from tax $8,416$8,416
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$2,064−$2,064
VIII-12 Total revenueRelated to mission $98,929 · Unrelated business $0 · Excluded from tax $6,352$505,281
Part IX · Statement of functional expenses $136,431 across 13 lines filed
IX-5 Pay of current officers, directors and key staffManagement $30,000$30,000
IX-9 Other employee benefitsManagement $2,886$2,886
IX-11c Accounting feesManagement $2,591$2,591
IX-11f Investment management feesManagement $8,786$8,786
IX-11g Other fees for servicesPrograms $41,685$41,685
IX-12 Advertising and promotionManagement $1,330$1,330
IX-14 Information technologyPrograms $578$578
IX-16 OccupancyPrograms $23,175$23,175
IX-17 TravelManagement $268$268
IX-19 Conferences, conventions and meetingsManagement $51$51
IX-23 InsurancePrograms $2,907$2,907
IX-24 Other expenses (24a–d)Programs $13,673 · Management $6,270$19,943
IX-24e All other expensesPrograms $1,448 · Management $783$2,231
IX-25 Total functional expensesPrograms $83,466 · Management $52,965 · Fundraising $0$136,431
Part X · Balance sheet $4,158,215 assets, 8 lines filed
X-2 Savings and temporary cash investmentsStart of year $417,430$549,917
X-10c Land, buildings and equipment, netStart of year $2,182,029$2,389,924
X-11 Publicly traded securitiesStart of year $1,188,806$1,217,274
X-12 Other securitiesStart of year $1,100$1,100
X-16 Total assetsStart of year $3,789,366$4,158,215
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $3,789,366$4,158,215
X-33 Total liabilities and net assetsStart of year $3,789,366$4,158,215
Part XI · Reconciliation of net assets $4,158,215 net assets at year end
XI-1 Total revenue$505,281
XI-2 Total expenses$136,431
XI-3 Revenue less expenses$368,850
XI-4 Net assets at start of year$3,789,366
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$4,158,215

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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