Osher Lifelong Learning Institute at the University of Virginia
Nonprofit profile at a glance
- EIN
- 542018263
- IRS 990 coverage
- 2013–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Charlottesville, VA, USA
- Phone
- 4349233600
- Rating
- 79
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Adult, Continuing Education
Reported finances
- Revenue
- $504,171
- Expenses
- $462,159
- Assets
- $4,358,441
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
19 people listed
Executive titles in this filing
- GAYE WILSON (PRESIDENT)
- MARY VEE CONNELL (VICE PRESIDENT)
Highest reported compensation
- TAY STRAUSS (DIR. OF PROGRAMMING): $82,500 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Aware that an active mind is as necessary as social relationships and physical exercise to a full life, the osher lifelong learning institute at the university of Virginia offers educational opportunities and intellectual enrichment to adults in the community. Olli draws upon its members, as well as other academic and community resources, to organize courses and other educational activities. In this stimulating environment, members may acquire knowledge, explore ideas, exercise creativity, and share interests and expertise with others.
What it reported doing in 2024
Provide courses, trips and lectures for seniors.
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 100% 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.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Fundraising costs are high for each dollar raised and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 62
- Transparency & Controls: 92
- Accountability: 90
- Sustainability: 67
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 65.6%; rating input score 66
- Program expense ratio: 68.4%; rating input score 68
- Fundraising efficiency: $6.27 raised per $1 spent on fundraising; rating input score 23; 23rd percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 6 of 8 controls in place; rating input score 75
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 8.3%; rating input score 58; 58th percentile among comparable filings
- Total-asset coverage ratio: 9.43; rating input score 91; 91st percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 91; 91st percentile among comparable filings
- Officer compensation ratio: 17.9%; rating input score 18; 18th percentile among comparable filings
Growth
- Program expense growth: 2.5% per year; rating input score 100; 29th percentile among comparable filings
- Revenue growth: 3.9% per year; rating input score 100; 36th percentile among comparable filings
- Asset growth: 4.1% per year; rating input score 100; 35th percentile among comparable filings
Details
- Where the money goes: 65.6% of revenue deployed · 68.4% of spending went to programs
- Governance: 18 of 18 board members independent · 6 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $316K in reported program spending
- Leadership: top reported pay $82K · 19 people listed
- Consistency: 23 of 23 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Filing history: 12 filing years from 2013 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Fundraising efficiency scored 23/100.
- Review — Accountability: Governance controls: 2 of 8 not reported.
- Review — Sustainability: Operating margin scored 58/100.
- High — Sustainability: Officer compensation ratio scored 18/100.