Overview
What is Elderhostel Inc?
Elderhostel Inc, operating under the name Road Scholar, is a Boston, Massachusetts-based nonprofit organization founded in 1975 and formally incorporated in 1977. With a team of 525 dedicated employees, Road Scholar specializes in providing educational programs for adults aged 55 and older, with operations extending globally. Their programs, available in various lengths, span one day for virtual web-based courses to several weeks for on-site experiences. These stimulating academic adventures introduce participants to various aspects of arts, history, literature, culture, architecture, and natural environments. Cross-cultural understanding is fostered through interactions with local residents, experts, and lecturers. Community service and multi-generational initiatives are also offered, with room, board, and airfare typically included in the cost of on-site programs. In fiscal year 2023, an impressive 28,154 participants took part in Road Scholar's on-site courses and 1,533 individuals engaged in virtual programs and lectures.
Official website here: www.roadscholar.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Star rating)
Elderhostel Inc holds a solid Three-Star rating from Charity Navigator, reflecting a strong commitment to accountability and finance with an impressive score of 93%. The nonprofit demonstrates robust governance practices, including a fully independent board and thorough financial oversight, ensuring transparency and responsible management of resources. The organization excels in its program expense ratio, devoting over 90% of its budget to programs, which signifies a focus on fulfilling its mission.
In terms of culture and community, Elderhostel Inc received a perfect score of 100%. This indicates that the organization actively engages with its stakeholders, effectively collects and utilizes feedback to enhance its operations and programs. The commitment to incorporating community input suggests a responsive approach to meeting the needs of its participants.
While the overall ratings are positive, the breakdown indicates that the majority of the scoring focuses on accountability and finance, with less emphasis on cultural aspects. However, the organization has addressed this by achieving high marks in various governance practices and stakeholder engagement, which bodes well for its continued development and impact in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Elderhostel Inc legitimate?
Elderhostel Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Elderhostel Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $3,377,855
Professional Fundraising Fees: $0
Other Salaries and Wages: $26,485,402
For more financial information, click here
Official website here: www.roadscholar.org
What is the mission statement of Elderhostel Inc?
Elderhostel Inc., operating as Road Scholar, is a not-for-profit organization established in 1975 and legally incorporated in 1977. Its primary focus is on organizing and facilitating educational programs for adults aged 55 and above. The mission of Elderhostel Inc. is to stimulate and motivate older adults to embark on learning journeys. Through Road Scholar's diverse range of educational adventures, expert instructors are engaged to lead and guide participants on their quest for knowledge. The organization's purpose is to inspire and empower older adults to travel and learn, promoting lifelong education and personal growth.
Official website here: www.roadscholar.org
Who is the CEO of Elderhostel Inc?
Lowell Partridge is the President & Ceo of Elderhostel Inc. The CEO's salary of Elderhostel Inc is $1,078,191 and their total compensation is $1,113,262.
Official website here: www.roadscholar.org
What is the revenue of Elderhostel Inc?
Elderhostel Inc's revenue in 2023 was $344,940,076.
Official website here: www.roadscholar.org
Who are the executives of Elderhostel Inc and what are their salaries?
The average compensation at Elderhostel Inc during 2023 was $56,882. There are 525 employees and 150 volunteers at Elderhostel Inc.
Here are 26 key members and their salaries (Elderhostel Inc's CEO's salary is $1,078,191 and their total compensation is $1,113,262):
- Compensation: $1,078,191
- Related: $0
- Other: $35,071
- Compensation: $287,584
- Related: $0
- Other: $240,147
- Compensation: $303,948
- Related: $0
- Other: $34,249
- Compensation: $245,005
- Related: $0
- Other: $48,460
- Compensation: $246,680
- Related: $0
- Other: $45,321
- Compensation: $216,481
- Related: $0
- Other: $40,558
- Compensation: $204,764
- Related: $0
- Other: $45,876
- Compensation: $225,156
- Related: $0
- Other: $23,813
- Compensation: $212,956
- Related: $0
- Other: $23,221
- Compensation: $167,701
- Related: $0
- Other: $40,908
- Compensation: $113,781
- Related: $0
- Other: $11,848
- Compensation: $108,706
- Related: $0
- Other: $11,430
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Official website here: www.roadscholar.org
Where can I find the form 990 for Elderhostel Inc?
Elderhostel Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.roadscholar.org
Learn more at the official website: www.roadscholar.org
Mission Statement of Elderhostel Inc
Elderhostel Inc., also known as Road Scholar, is a not-for-profit organization dedicated to providing educational programs for adults aged 55 and older. Established in 1975 and officially incorporated in 1977, this mission-driven entity aims to inspire its senior participants with opportunities to learn, discover, and travel.
Through Road Scholar's carefully curated programs, older adults embark on engaging adventures around the world. These educational experiences are led by expert instructors, offering a wealth of knowledge and insight into various subjects. Road Scholar's commitment to lifelong learning goes beyond traditional classroom settings, providing unique and immersive experiences for its members.
Elderhostel Inc. has been making dreams a reality for over four decades, enabling older adults to broaden their horizons and enrich their lives through diverse and enlightening learning opportunities. The organization's unwavering dedication to its mission ensures that every program offers a transformative experience, empowering its participants to continue growing and learning, no matter their age.
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Impact
October, 2024
Elderhostel Inc, known as Road Scholar, significantly enriches the lives of adults aged 55 and older through its expansive educational programs. By offering a diverse range of immersive learning experiences worldwide, participants engage deeply with the arts, history, literature, culture, and the natural environment of various locations. This approach not only provides a stimulating academic backdrop, fostering lifelong learning, but also encourages cross-cultural understanding by connecting participants with local residents and experts.
In fiscal year 2023, Road Scholar facilitated the participation of over 27,000 individuals in on-site programs and nearly 1,600 in virtual sessions, showcasing its reach and impact. These programs are designed to be accessible, often including room, board, and airfare, which removes financial barriers to education and travel. Additionally, the organization’s commitment to community service and multi-generational engagement further enhances the learning experience, making it a platform for personal growth, cultural exchange, and social connection among older adults.
Overall, Road Scholar plays a crucial role in promoting intellectual curiosity and social interaction, breaking down age-related stereotypes and proving that education and discovery can foster a vibrant and fulfilling life at any age.
This information is meant to be a general summary of Elderhostel Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $3,927,188
- Program Service Revenue: $320,898,862
- Gross Receipts: $374,241,244
Assets and Liabilities:
- Total Assets: $229,991,445
- Total Liabilities: $164,321,320
- Net Assets: $65,670,125
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
International program revenue
Revenue
$149,943,610
US/Canada program revenue
Revenue
$120,747,054
Adventures afloat program revenue
Revenue
$50,208,198
Organization Details
Founding Year
1975
Phone
(617) 426-7788Principal Officer
Lowell Partridge
Main Address
PO Box 56033, Boston, MA, 022056033
Website
www.roadscholar.orgNTEE Category
Code: N500 - Recreation
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