Institute for Education in Retirement Inc

EIN: 832772468 501(c)(3) Education

New York, NY

Total Revenue
$121,396
Total Expenses
$69,542
Total Assets
$1,316,170
Net Assets
$1,316,170
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
NY
Principal Officer
ruth Mackaman
Phone
2122185549
Tax Period
2024-07-01 to 2025-06-30

Institute for Education in Retirement Inc, founded in 2018, is a small nonprofit in the Education sector that reported $121K in total revenue in fiscal year 2024. The organization ran a surplus of $52K, a strong 43% operating margin.

Mission

THE INSTITUTE FOR EDUCATION IN RETIREMENT, INC. (IER) IS A NEW YORK NON-PROFIT, TAX EXEMPT 501(C)(3) CORPORATION DEDICATED TO SUPPORTING INTELLECTUALLY CHALLENGING PEER LEARNING AND COMMUNITY ENGAGEMENT OPPORTUNITIES TO THE POST-CAREER COMMUNITY OF THE NEW YORK METROPOLITAN AREA THROUGH ACTIVITIES SUCH AS ONSITE PEER-TO-PEER STUDY GROUPS, FREE PUBLIC LECTURES, AND FREE ONLINE CLASSES FOR HOMEBOUND OLDER ADULTS.

Program Service Accomplishments

Program 1
Expenses: $41,279

The Institute for Education in Retirement, Inc.'s (IER) major focus since the summer of 2019 has been supporting the Lifelong Peer Learning Program (LP2) at the Graduate Center of the City University...

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The Institute for Education in Retirement, Inc.'s (IER) major focus since the summer of 2019 has been supporting the Lifelong Peer Learning Program (LP2) at the Graduate Center of the City University of New York (CUNY) which serves the New York Metropolitan Area. Founded in 1962 as the Institute for Retired Professionals at the New School for Social Research, LP2 is the oldest Lifelong Peer Learning Group in the nation. It moved to the CUNY Graduate Center in the summer of 2019. LP2 is based on a model of adult continuing education known as peer learning. LP2 members from various backgrounds share the responsibility for designing, teaching, and participating in weekly noncredit study groups that mirror the content and structure of college courses. Learning at LP2 is both an intellectual and social experience, where common interests provide a foundation for new friendships. IER supports a number of programs at LP2, including free public lectures that bring some of the nation's top intellectuals in the arts and sciences to attendees in person or via Zoom, online classes for homebound older adults, and group art shows. These programs serve the growing retired and semi-retired community of the New York Metropolitan Area with the opportunity to keep intellectually engaged and give back to the community. IER also provides scholarships for those LP2 members in need.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $92,310
Program Service Revenue $0
Investment Income $29,086
Other Revenue $0
TOTAL REVENUE $121,396

Expense Breakdown

Grants Paid $10,658
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $41,279
Other Expenses $58,884
TOTAL EXPENSES $69,542

Year-over-Year Comparison

2024 2023 Change
Revenue $121,396 $127,722 0.0%
Expenses $69,542 $74,328 -0.1%
Net Income $51,854 $53,394 0.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
12
Independent Members
12
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ruth Mackaman President 1.0
Officer Director
$0 $0 $0
Patrick Siconolfi Vice President and Treasurer 1.0
Officer Director
$0 $0 $0
Lynn Brenner Secretary 1.0
Officer Director
$0 $0 $0
Linda Anstendig Exec Comm Member at Large 1.0
Officer Director
$0 $0 $0
Jay Adler Board Member 1.0
Director
$0 $0 $0
Edward Brill Board Member 1.0
Director
$0 $0 $0
Robert Cohn Board Member 1.0
Director
$0 $0 $0
Elizabeth Dalton Board Member 1.0
Director
$0 $0 $0
Susan Herman Board Member 1.0
Director
$0 $0 $0
Leslie Herrmann Board Member 1.0
Director
$0 $0 $0
Carolyn Preiss Board Member 1.0
Director
$0 $0 $0
Judith Siegel Board Member 1.0
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $121,396 $69,542 $1,316,170 $51,854
2024 $127,722 $74,328 $1,174,243 $53,394
2023 $167,422 $96,067 $1,042,346 $71,355
2022 $82,348 $36,969 $898,825 $45,379
2020 $73,133 $15,102 $984,961 $58,031
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