Totals
- Total revenue
- $344,940,076
- Total expenses
- $307,047,297
- Contributions and grants received
- $8,060,314
- Grants paid
- $61,108
- Program service revenue
- $320,898,862
- Investment income
- $3,927,188
- Other revenue
- $12,053,712
- Total assets, end of year
- $229,991,445
- Total liabilities, end of year
- $164,321,320
- Net assets or fund balances, end of year
- $65,670,125
- Program services expenses (Part IX)
- $285,418,543
- Management and general expenses
- $20,891,065
- Fundraising expenses
- $737,689
- Program service expenses (Part III)
- $285,418,543
Program services were 93.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1a · Federated campaigns
$0
-
1b · Membership dues
$0
-
1c · Fundraising events
$0
-
1d · Related organizations
$0
-
1e · Government grants (contributions)
$5,032,297
-
1f · All other contributions, gifts and grants
$3,028,017
-
1g · Noncash contributions included above
$22,152
-
2a · Program service revenue: International program revenue
total $149,943,610 · related or exempt $149,943,610 · unrelated business $0 · excluded $0
-
2b · Program service revenue: US/Canada program revenue
total $120,747,054 · related or exempt $120,747,054 · unrelated business $0 · excluded $0
-
2c · Program service revenue: Adventures afloat program revenue
total $50,208,198 · related or exempt $50,208,198 · unrelated business $0 · excluded $0
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $4,031,924 · related or exempt $0 · unrelated business $0 · excluded $4,031,924
-
4 · Income from investment of tax-exempt bond proceeds
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
5 · Royalties
total $3,340,303 · related or exempt $0 · unrelated business $0 · excluded $3,340,303
-
6a · Gross rents
real property $179,206 · personal property $0
-
6b · Less rental expenses
real property $0 · personal property $0
-
6c · Rental income or loss
real property $179,206 · personal property $0
-
6d · Net rental income or loss
total $179,206 · related or exempt $0 · unrelated business $0 · excluded $179,206
-
7a · Gross sales of assets other than inventory
securities $29,196,432 · other assets $0
-
7b · Less cost or other basis and sales expenses
securities $29,301,168 · other assets $0
-
7c · Gain or loss
securities -$104,736 · other assets $0
-
7d · Net gain or loss
total -$104,736 · related or exempt $0 · unrelated business $0 · excluded -$104,736
-
8a · Fundraising events: gross income
$0
-
8a · Fundraising events: contributions included on line 1c
$0
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $0 · unrelated business $0 · excluded $0
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
10a · Gross sales of inventory
$0
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11a · Other revenue: Trip protection fees/premium
total $7,432,604 · related or exempt $0 · unrelated business $7,432,604 · excluded $0
-
11b · Other revenue: Marketing support
total $388,061 · related or exempt $0 · unrelated business $388,061 · excluded $0
-
11c · Other revenue: Retail store commission
total $232,941 · related or exempt $0 · unrelated business $232,941 · excluded $0
-
11d · All other revenue
total $480,597 · related or exempt $480,597 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$8,534,203
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0 · program services $0
-
2 · Grants to domestic individuals
total $61,108 · program services $61,108
-
3 · Grants to foreign organizations and individuals
total $0 · program services $0
-
4 · Benefits paid to or for members
total $0 · program services $0
-
5 · Compensation of officers, directors and key employees
total $3,377,855 · program services $211,425 · management and general $3,154,944 · fundraising $11,486
-
6 · Compensation of disqualified persons
total $297,687 · program services $0 · management and general $297,687 · fundraising $0
-
7 · Other salaries and wages
total $26,485,402 · program services $19,804,873 · management and general $6,379,194 · fundraising $301,335
-
8 · Pension plan contributions
total $1,828,207 · program services $1,246,266 · management and general $551,128 · fundraising $30,813
-
9 · Other employee benefits
total $3,031,641 · program services $2,132,622 · management and general $858,276 · fundraising $40,743
-
10 · Payroll taxes
total $1,921,988 · program services $1,221,911 · management and general $677,374 · fundraising $22,703
-
11a · Fees: management
total $0 · program services $0 · management and general $0 · fundraising $0
-
11b · Fees: legal
total $63,768 · program services $0 · management and general $63,768 · fundraising $0
-
11c · Fees: accounting
total $118,102 · program services $0 · management and general $118,102 · fundraising $0
-
11d · Fees: lobbying
total $22,500 · program services $0 · management and general $22,500 · fundraising $0
-
11e · Fees: professional fundraising services
total $0 · fundraising $0
-
11f · Fees: investment management
total $216,688 · program services $0 · management and general $216,688 · fundraising $0
-
11g · Fees: other
total $3,120,235 · program services $2,413,952 · management and general $664,283 · fundraising $42,000
-
12 · Advertising and promotion
total $5,400,993 · program services $5,400,993 · management and general $0 · fundraising $0
-
13 · Office expenses
total $643,551 · program services $217,430 · management and general $394,963 · fundraising $31,158
-
14 · Information technology
total $4,403,988 · program services $913,026 · management and general $3,477,112 · fundraising $13,850
-
15 · Royalties
total $0 · program services $0 · management and general $0 · fundraising $0
-
16 · Occupancy
total $1,154,463 · program services $945,534 · management and general $195,976 · fundraising $12,953
-
17 · Travel
total $358,910 · program services $303,479 · management and general $45,637 · fundraising $9,794
-
18 · Travel or entertainment for public officials
total $0 · program services $0 · management and general $0 · fundraising $0
-
19 · Conferences, conventions and meetings
total $0 · program services $0 · management and general $0 · fundraising $0
-
20 · Interest
total $32,991 · program services $0 · management and general $32,991 · fundraising $0
-
21 · Payments to affiliates
total $0 · program services $0 · management and general $0 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $1,060,925 · program services $388,010 · management and general $664,949 · fundraising $7,966
-
23 · Insurance
total $1,953,022 · program services $1,581,606 · management and general $371,416 · fundraising $0
-
24a · Other expenses: Payments to program providers and vendors
total $223,897,746 · program services $223,897,746 · management and general $0 · fundraising $0
-
24b · Other expenses: Printing, postage and mailing
total $8,487,866 · program services $8,306,184 · management and general $30,702 · fundraising $150,980
-
24c · Other expenses: Credit card and bank fees
total $7,594,258 · program services $7,330,991 · management and general $228,962 · fundraising $34,305
-
24d · Other expenses: Unrelated business income taxes
total $1,989,407 · program services $0 · management and general $1,989,407 · fundraising $0
-
24e · All other expenses
total $9,523,996 · program services $9,041,387 · management and general $455,006 · fundraising $27,603
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,841,394 · end of year $2,752,414
-
2 · Savings and temporary cash investments
beginning of year $79,848,575 · end of year $78,915,957
-
3 · Pledges and grants receivable
beginning of year $0 · end of year $0
-
4 · Accounts receivable
beginning of year $9,668,771 · end of year $5,870,650
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $23,308,380 · end of year $22,889,581
-
10a · Land, buildings and equipment: cost or other basis
$25,013,483
-
10b · Land, buildings and equipment: accumulated depreciation
$21,642,518
-
10c · Land, buildings and equipment, net
beginning of year $2,359,717 · end of year $3,370,965
-
11 · Investments: publicly traded securities
beginning of year $88,548,636 · end of year $112,895,993
-
12 · Investments: other securities
beginning of year $2,788,175 · end of year $3,295,885
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $0 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $15,043,360 · end of year $15,137,389
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $165,276,919 · end of year $146,149,820
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $4,887,586 · end of year $0
-
25 · Other liabilities
beginning of year $7,406,589 · end of year $3,034,111
-
27 · Net assets without donor restrictions
beginning of year $12,225,808 · end of year $61,462,208
-
28 · Net assets with donor restrictions
beginning of year $3,523,386 · end of year $4,207,917
Mission and programs · 2022
Mission
Elderhostel, Inc., which operates under the name Road Scholar, is a not-for-profit organization founded in 1975 and incorporated in 1977 for the purpose of sponsoring, arranging or conducting educational programs primarily for adults age 55 and older. Its mission is to inspire adults to learn, discover and travel. Road Scholar's learning adventures engage expert instructors, (Continued on Schedule O)
Activities or mission (Part I)
Elderhostel Inc., doing business as Road Scholar, sponsors, arranges or conducts educational programs around the world primarily for adults age 55 and older.
-
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 environment of their locations. They are designed to further cross-cultural understanding by forging direct connections between participants and local residents, experts and lecturers. Community service and multi-generational programs are also offered. Room, board and in most cases airfare are included in the cost of on-site programs. In fiscal year 2023, 27,621 enrollees participated in on-site programs, and 1,533 enrollees participated in virtual, web-based programs and lectures.
Expenses $108,270,733 · Revenue $149,943,610
-
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 environment of North America. Some programs provide community service and others are designed to be multi-generational, allowing grandchildren, or adult children and their children, to attend. Room and board are included in the cost. In fiscal year 2023, 44,355 enrollees participated in on-site programs, and 35,796 enrollees participated in virtual, web-based programs and lectures.
Expenses $99,954,536 · Grants $61,108 · Revenue $120,747,054
-
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. Experts and professors provide stimulating educational programs on board, which are enhanced by fieldtrips to experience the culture of local communities through related land components and lectures. Multi-generational programs are offered, and room and board are included in the cost, as is airfare for most programs. In fiscal year 2023, 10,203 enrollees participated in Adventures Afloat programs.
Expenses $36,805,025 · Revenue $50,208,198
-
Nearly 11.2 million publications, including 2.7 million catalogs were produced and mailed to over 1.3 million households on Road Scholar's mailing list. Road Scholar's website, which provides program information, had almost 52 million page views from over 7 million unique visitors. In FY23, Road Scholar garnered millions of media impressions.
Expenses $19,089,558 · Revenue $3,596
-
Over 150 workers in the United States and internationally worked with over 1,000 providers and vendors to develop, operate, oversee, and evaluate approximately 3,875 departure dates of 655 unique programs, and 219 virtual programs and lectures.
Expenses $11,210,262 · Revenue $138,588
-
Our 90-seat Participant Services Centers primarily located in Massachusetts and Oregon with some staff working from home in other states handled over 270,000 inbound telephone calls and made approximately 39,000 outbound telephone calls to inquirers and enrollees that resulted in over 88,000 enrollment, cancellation, transfer and contribution transactions. The centers also responded to over 90,000 emails. In addition, the 36-seat Travel Services Center primarily located in Massachusetts with some staff working from home in other states handled approximately 47,000 inbound telephone calls and made over 8,500 outbound calls to participants who desired assistance in making, changing or cancelling their travel flight arrangements to Road Scholar programs. This team also responded to over 11,000 emails.
Expenses $10,088,429 · Revenue $338,413
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
James Moses
President & CEO
- Total calculated
- $1,113,262
- From this org
- $1,078,191
- From related orgs
- $0
- Other
- $35,071
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $577,697
- Bonus
- $200,000
- Other
- $300,494
- Deferred
- $30,500
- Nontaxable benefits
- $4,571
- Filer's total
- $1,113,262
-
Lowell Partridge
Ass't Treasurer & CFO
- Total calculated
- $527,731
- From this org
- $287,584
- From related orgs
- $0
- Other
- $240,147
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $265,834
- Bonus
- $0
- Other
- $21,751
- Deferred
- $228,805
- Nontaxable benefits
- $11,341
- Filer's total
- $527,731
-
Eric Bird
Chief Operating Officer
- Total calculated
- $338,197
- From this org
- $303,948
- From related orgs
- $0
- Other
- $34,249
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $303,158
- Bonus
- $0
- Other
- $791
- Deferred
- $30,144
- Nontaxable benefits
- $4,105
- Filer's total
- $338,198
-
Maeve Hartney
Chief Programs Officer
- Total calculated
- $293,465
- From this org
- $245,005
- From related orgs
- $0
- Other
- $48,460
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $244,413
- Bonus
- $0
- Other
- $592
- Deferred
- $25,394
- Nontaxable benefits
- $23,067
- Filer's total
- $293,466
-
Mary Marks
Senior VP, Revenue Management
- Total calculated
- $292,001
- From this org
- $246,680
- From related orgs
- $0
- Other
- $45,321
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $244,975
- Bonus
- $0
- Other
- $1,705
- Deferred
- $25,654
- Nontaxable benefits
- $19,666
- Filer's total
- $292,000
-
Stephen August
VP, Marketing
- Total calculated
- $257,039
- From this org
- $216,481
- From related orgs
- $0
- Other
- $40,558
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $215,526
- Bonus
- $0
- Other
- $956
- Deferred
- $22,458
- Nontaxable benefits
- $18,100
- Filer's total
- $257,040
-
Joseph LoDato
VP, Human Resources
- Total calculated
- $250,640
- From this org
- $204,764
- From related orgs
- $0
- Other
- $45,876
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $202,978
- Bonus
- $0
- Other
- $1,786
- Deferred
- $21,537
- Nontaxable benefits
- $24,338
- Filer's total
- $250,639
-
John McCarthy
Chief Information Officer
- Total calculated
- $248,969
- From this org
- $225,156
- From related orgs
- $0
- Other
- $23,813
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $224,692
- Bonus
- $0
- Other
- $464
- Deferred
- $22,833
- Nontaxable benefits
- $980
- Filer's total
- $248,969
-
Stuart Burke
VP, Program Accounting and Former Clerk
- Total calculated
- $236,177
- From this org
- $212,956
- From related orgs
- $0
- Other
- $23,221
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $211,946
- Bonus
- $0
- Other
- $1,010
- Deferred
- $21,289
- Nontaxable benefits
- $1,932
- Filer's total
- $236,177
-
Christopher Heppner
VP, Communications
- Total calculated
- $208,609
- From this org
- $167,701
- From related orgs
- $0
- Other
- $40,908
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $167,186
- Bonus
- $0
- Other
- $516
- Deferred
- $17,731
- Nontaxable benefits
- $23,176
- Filer's total
- $208,609
-
Alexander Toth
Ass't Clerk
- Total calculated
- $125,629
- From this org
- $113,781
- From related orgs
- $0
- Other
- $11,848
- Hours/week
- 40
-
Rachel Louis Hamilton
Clerk
- Total calculated
- $120,136
- From this org
- $108,706
- From related orgs
- $0
- Other
- $11,430
- Hours/week
- 30
-
Judith Allen Ferretti
Chair & Director (eff 06/23)
- Total calculated
- $0
- Hours/week
- 4
-
Ralph Fuccillo
Chair & Director (thru 06/23)
- Total calculated
- $0
- Hours/week
- 4
-
Ward William Dunn Jr
Vice Chair (eff 06/23)/Treasurer (thru 06/23) & Director
- Total calculated
- $0
- Hours/week
- 3
-
George Moose
Vice Chair (eff 06/23) & Director
- Total calculated
- $0
- Hours/week
- 2
-
Sharon M Matthews
Vice Chair & Director (thru 06/23)
- Total calculated
- $0
- Hours/week
- 2
-
Paul Nelson
Vice Chair & Director (thru 02/23)
- Total calculated
- $0
- Hours/week
- 2
-
Sandra Willen
Treasurer (eff 06/23) & Director
- Total calculated
- $0
- Hours/week
- 3
-
Robert E Cowden III
Director (thru 06/23)
- Total calculated
- $0
- Hours/week
- 1
-
Michael Crotty
Director (eff 11/22)
- Total calculated
- $0
- Hours/week
- 1
-
Susan D Page
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jane Reardon
Director (eff 11/22)
- Total calculated
- $0
- Hours/week
- 1
-
David G Ross
Director (thru 11/22)
- Total calculated
- $0
- Hours/week
- 1
-
Kate Walker
Director (thru 02/23)
- Total calculated
- $0
- Hours/week
- 1
-
Morrison DeSoto Webb
Director (eff 02/23)
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Form 990 of other organizations
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 4b · Supplemental nonqualified retirement plan
- 7 · Other non-fixed payments
Answered no
- 4a · Severance or change-of-control payment
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- Schedule J, Part I, Line 4
- For calendar year 2022, the President and the CFO participated in a non-qualified deferred plan under Section 457(f). See Part II note below for additional information.
- Schedule J, Part I, Line 7
- The Board authorized and paid a bonus for the President in CY2022.
- Schedule J, Part II
- In the event of termination of employment other than for cause, Road Scholar will continue to pay the President's base salary for 24 months from date of involuntary termination and conditioned upon signing a release of claims within 21 days. In the event of voluntary termination of employment, Road Scholar will retain his services as a consultant for a period of two years or longer, at the discretion of the Board. In no event will consultation hours exceed 20/week or 40/month. In June 2015 for the President and in July 2022 for the CFO, Road Scholar established a non-qualified deferred compensation plan under Internal Revenue Code Section 457(f). The Plan is subject to certain vesting requirements. During calendar year 2022, Road Scholar paid $200,000 of previously-awarded deferred compensation plus accumulated earnings to the President which are reported as taxable compensation in Column (B) (iii) and in Column (F), and awarded $200,000 to the Plan for the CFO which is reported as deferred compensation in Column (C).
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 13 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202323179349309897
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