2025-04-08T14:08:23-05:00 2024-06-30 990 2023-07-01 542018263 OSHER LIFELONG LEARNING INSTITUTE AT THE UNIVERSITY OF VIRGINIA OSHE 4349233600 1 MORTON DRIVE SUITE 100TL CHARLOTTESVILLE VA 22903 PHILLIP SHIFLETT TREASURER 4349233600 2025-04-08 0 2023 2025-03-06 01:10:19Z GARY NIMAX 1 MORTON DRIVE SUITE 100TL CHARLOTTESVILLE VA 22903 524869 0 X WWW.OLLIUVA.ORG X 2000 VA PROVIDE HIGH QUALITY EDUCATIONAL OPPORTUNITIES FOR ACTIVE ADULTS. THE FOUNDATION OFFERS OVER 150 COURSES ANNUALLY AT MINIMAL COST TO ITS APPROXIMATELY 1,000 MEMBERS IN THE CENTRAL VA AREA. THE FOUNDATION UTILIZES A 250+ VOLUNTEER BASE TO TEACH AND SUPPORT THESE OFFERINGS. THE FOUNDATION ALSO OFFERS EVENTS AND COURSES THAT ARE OPEN TO THE GENERAL PUBLIC. 16 16 5 250 3600 0 401532 351124 244692 153576 5111 20169 0 0 651335 524869 0 0 0 0 285915 270596 0 0 47510 276349 196296 562264 466892 89071 57977 4036034 4093149 0 0 4036034 4093149 X 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. 0 0 328244 149976 PROVIDE COURSES, TRIPS AND LECTURES FOR SENIORS. 328244 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 5 0 1 1 0 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 0 0 VA X THE ORGANIZATION 4349233600 1 MORTON DRIVE SUITE 100TL CHARLOTTESVILLE VA 22903 GARY NIMAX PRESIDENT 4.00 X X 0 0 0 MIKE KELLEY DIRECTOR 1.50 X 0 0 0 ED PIPER VICE PRESIDENT 3.00 X X 0 0 0 CAROL BINGAMAN SECRETARY 3.00 X X 0 0 0 PHILLIP SHIFLETT TREASURER 3.00 X X 0 0 0 MARY VEE CONNELL DIRECTOR 1.50 X 0 0 0 P J ROONEY DIRECTOR 1.50 X 0 0 0 GAYE WILSON DIRECTOR 1.50 X 0 0 0 WILLIAM ADAMS DIRECTOR 1.50 X 0 0 0 MILDRED BEST DIRECTOR 1.50 X 0 0 0 ALTHEA BROOKS DIRECTOR 1.50 X 0 0 0 CHARLES HAMILTON DIRECTOR 1.50 X 0 0 0 KRISTEN MYNES DIRECTOR 1.50 X 0 0 0 MIKE STAHL DIRECTOR 1.50 X 0 0 0 ROBERT BOND DIRECTOR 1.50 X 0 0 0 HORACE SCRUGGS DIRECTOR 1.50 X 0 0 0 TAY STRAUSS DIR. OF PROGRAMMING 40.00 X 68475 0 0 GENEVIEVE BAER DIR. OF OPERATIONS AND MEM 40.00 X 68475 0 0 136950 0 0 0 0 0 0 0 78633 272491 351124 EDUC. PROGRAM FEES 900099 149976 149976 ADVERTISING REVENUE 541800 3600 3600 153576 20169 20169 524869 149976 3600 20169 101404 55772 30421 15211 109363 76554 16404 16405 12492 8744 1874 1874 25871 18110 3880 3881 21466 15026 3220 3220 18272 15490 2011 771 11333 11333 3334 2609 592 133 80798 61104 16880 2814 2200 1980 220 7550 7550 MISCELLANEOUS 30996 23249 7747 CATALOGS AND NEWSLETTER 16966 15269 1697 OLLI OUTING PROGRAM DIR 10745 10745 CREDIT CARD AND BANK FE 9064 8611 453 5038 3648 339 1051 466892 328244 91138 47510 724773 781904 3311261 3311245 4036034 4093149 0 0 X 714457 773210 3321577 3319939 4036034 4093149 4036034 4093149 X 57977 -862 X X 0 1 X 0 0 X 204988 215048 312414 401532 351124 1485106 214282 155724 184659 237493 149976 942134 419270 370772 497073 639025 501100 2427240 6547 5177 7997 7561 5575 32857 0 6547 5177 7997 7561 5575 32857 2394383 2802 1138 1656 5111 20169 30876 2802 1138 1656 5111 20169 30876 21098 3949 25047 443170 375859 498729 644136 521269 2483163 0.96420 0.96040 0.01240 0.00770 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X PART X, LINE 2: OLLI HAS REVIEWED AND EVALUATED THE RELEVANT TECHNICAL MERITS OF EACH OF ITS TAX POSITIONS IN ACCORDANCE WITH GUIDANCE ESTABLISHED BY THE FINANCIAL ACCOUNTING STANDARDS BOARD AND DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT WOULD HAVE A MATERIAL IMPACT ON THE FINANCIAL STATEMENTS OF THE INSTITUTE. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PREPARED BY A BOARD MEMBER USING THE FINANCIAL STATEMENTS AUDITED BY OUR ORGANIZATION'S CPA FIRM. PRIOR TO FILING, FORM 990 IS PRESENTED TO AND REVIEWED BY THE FINANCE COMMITTEE. THE FORM 990 IS MADE AVAILABLE TO THE ENTIRE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C OUR BYLAWS CONTAIN A CONFLICT OF INTEREST POLICY. ANNUALLY, EACH BOARD MEMBER SIGNS AND SUBMITS A CONFLICT OF INTEREST DISCLOSURE STATEMENT. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION PROGRAM AT OSHER LIFELONG LEARNING INSTITUTE AT UVA (OLLI) IS DESIGNED TO ALIGN THE INTERESTS OF TOP MANAGEMENT WITH THEIR PERFORMANCE. THIS PROGRAM IS BASED ON A PHILOSOPHY THAT THE TOTAL COMPENSATION PACKAGE MUST BE COMPETITIVE WITH SIMILAR POSITIONS IN THE INDUSTRY IN ORDER TO ATTRACT AND RETAIN SUITABLE TALENT. THE CHAIR OF THE BOARD OF DIRECTORS IS RESPONSIBLE FOR OVERSIGHT AND ADMINISTRATION OF THE EXECUTIVE DIRECTOR'S COMPENSATION. FROM TIME-TO-TIME, AND AT THE BOARD'S DISCRETION, OUTSIDE COMPENSATION EXPERTS/CONSULTANTS MAY BE ENGAGED TO ASSIST IN EVALUATING AND DETERMINING APPROPRIATE COMPENSATION LEVELS FOR MANAGEMENT PERSONNEL. BASE SALARIES ARE BENCHMARKED AGAINST SALARIES PAID TO OFFICERS IN COMPARABLE POSITIONS WITH COMPARABLE RESPONSIBILITIES. SALARY ADJUSTMENTS CREATE A DIRECT LINK BETWEEN PAY AND PERFORMANCE AND OTHER FACTORS SUCH AS BUDGET, AND COST OF LIVING. THE REST OF THE INSTITUTE'S OFFICERS AND TOP MANAGEMENT IS MADE UP OF VOLUNTEER BOARD MEMBERS. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION'S FORM 1023 AND FORM 990 ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: NET DECREASE - GIFT RECEIVABLE- UNREALIZED GAIN AND DISTRIBUTION -862. FORM 990, PART XII, LINE 1: ACCOUNTING METHOD USED TO PREPARE FORM 990: FOR OUR NORMAL, DAY TO DAY OPERATIONS, WE KEEP OUR BOOKS AND PREPARE OUR FINANCIAL STATEMENTS ON THE CASH BASIS OF ACCOUNTING; OUR RESULTS OF OPERATIONS, MEASURED ON THE CASH BASIS, WOULD NOT DIFFER SIGNIFICANTLY FROM RESULTS MEASURED ON A FULL ACCRUAL BASIS. HOWEVER, ON JUNE 30, 2009, THE BERNARD OSHER FOUNDATION MADE A GIFT TO THE UNIVERSITY OF VIRGINIA TO ESTABLISH THE "OSHER LIFELONG LEARNING FUND," THE PURPOSE OF WHICH IS TO SUPPORT AND GROW THE OSHER LIFELONG LEARNING INSTITUTE PROGRAM AT THE UNIVERSITY OF VIRGINIA. UNDER OUR AGREEMENT WITH THE UNIVERSITY, WE MAY WITHDRAW A MINIMUM OF (5%) OF THE TOTAL VALUE OF THAT FUND IN ANY GIVEN YEAR. IN ACCORDANCE WITH SFAS 136, WE DECIDED TO RECORD THAT GIFT AS AN ACCOUNT RECEIVABLE, SO AS TO REFLECT THE LONG-TERM BENEFIT THAT GIFT WAS INTENDED TO PROVIDE. FOR 990 REPORTING PURPOSES THE DISTRIBUTIONS ARE TREATED AS GIFTS FROM THE UNIVERSITY OF VIRGINIA AND ANY INCREASE OR DECREASE IN VALUE OF THE FUND IS NOT RECOGNIZED.. THIS CREATES THE NET BOOK TAX DIFFERENCE THAT IS DISCLOSED IN THE RECONCILIATION INCLUDED PART XI. THE UNIVERSITY REPORTS THE STATUS OF THE ACCOUNT RECEIVABLE IT IS MANAGING FOR US AT ITS CURRENT MARKET VALUE. IN JUNE OF 2013, THE BERNARD OSHER FOUNDATION MADE A SECOND GIFT TO THE UNIVERSITY OF VIRGINIA TO SUPPORT AND GROW THE OSHER LIFELONG LEARNING INSTITUTE AT THE UNIVERSITY OF VIRGINIA. THIS GIFT IS BEING RECORDED IN THE SAME MANNER AS THE ORIGINAL GIFT TO THE UNIVERSITY OF VIRGINIA. FORM 990, PART XII, LINE 1: FINANCIAL STATEMENT REVIEW PROCESS: THE INSTITUTE'S FINANCE COMMITTEE IS RESPONSIBLE FOR OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM PRIOR YEARS. FORM 990, PART VI, SECTION B, LINE 14 DOCUMENT RETENTION POLICY: WE FOLLOW NORMAL RECORD RETENTION PRACTICES AND ARE IN THE PROCESS OF FORMALIZING THOSE PRACTICES INTO A WRITTEN POLICY.