Lifetime Learners Institute Inc
Nonprofit profile at a glance
- EIN
- 061374528
- IRS 990-EZ coverage
- 2009–2024
- Forms available
- Form 990-EZ 2024
- Location
- Norwalk, CT, USA
- Phone
- 2038573330
- Rating
- 57
- Verdict
- MIXED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $74,010
- Expenses
- $87,742
- Assets
- $47,855
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
13 people listed
Executive titles in this filing
- Gary Bischoff (First Vice President)
- Fay Ruotolo (President)
- Steven Fitzgerald (2nd Vice President)
People named in this filing
- Ann Bello (Treasurer)
- Maria Baldi (NCC Liaison)
- Gary Bischoff (First Vice President)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Continuing education and social interaction for persons 50 and over
What it reported doing in 2024
Offered 35 courses and 20 individual session to our 400+ members
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 80% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
MIXED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 39
- Transparency & Controls: 82
- Sustainability: 29
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 40.8%; rating input score 41
- Program expense ratio: 35.1%; rating input score 35
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -18.6%; rating input score 24; 24th percentile among comparable filings
- Total-asset coverage ratio: 0.55; rating input score 31; 31st percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
- Officer compensation ratio: 27.2%; rating input score 6; 6th percentile among comparable filings
Growth
- Program expense growth: 5.1% per year; rating input score 100; 62nd percentile among comparable filings
- Revenue growth: -1.1% per year; rating input score 0; 47th percentile among comparable filings
- Asset growth: 1% per year; rating input score 100; 43rd percentile among comparable filings
Details
- Where the money goes: 40.8% of revenue deployed · 35.1% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $31K in reported program spending
- Leadership: top reported pay $0 · 13 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 2 filed schedules
- Filing history: 15 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 4 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Mission deployment rate scored 41/100.
- Moderate — Financial Efficiency: Program expense ratio scored 35/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 24/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 31/100.
- High — Sustainability: Officer compensation ratio scored 6/100.