BBB Wise Giving Report for
Elderhostel

BBB Wise Giving Report issued March 2012
BBB Wise Giving Report expires November 2013


This BBB Accredited charity meets all 20 Standards for Charity Accountability. Find out more...


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Charity Contact Information

Name: Elderhostel
Address: 11 Avenue de Lafayette
  Boston, MA 02111
Phone: 800-454-5768
Web Address: www.elderhostel.org
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BBB Wise Giving Alliance Comments

Year, State Incorporated: 1975, Massachusetts
Affiliates: None
Stated Purpose: "to sponsor, arrange or conduct educational programs primarily for adults age 55 and older."

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Evaluation Conclusions

               

Elderhostel (Elderhostel) meets the 20 Standards for Charity Accountability.
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Programs

               

Elderhostel aims to inspire adults to learn, discover and travel. The organization reports that it provides experiences for nearly 100,000 adults each year. Each year, participants in the Road Scholar program visit every state and 150 countries on more than 7,000 educational adventures, including intergenerational learning experiences, service-oriented programs, and active outdoor adventure programs. Road Scholar programs strive to bring together participants and instructors to foster engaging discussions. In addition, each year, the organization awards nearly $300,000 in scholarships to adults who might otherwise not be able to attend a program.

For the fiscal year ended September 30, 2010, Elderhostel's program expenses were:

  
U.S./Canada programs 66,718,493
International programs 63,070,149
Marketing and catalogs 7,413,452
Registration services 5,780,823
Program development and administration 5,250,622
Total Program Expenses: $148,233,539
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Governance

               

Chief Executive : James Moses, President and CEO
Compensation*:
 $333,178

Chair of the Board: Jeffrey G. Davis
Chair's Profession / Business Affiliation: Managing Director, Global Head of Equities Marketing

Board Size: 13

Paid Staff Size: 210

*October 1, 2009 - September 30, 2010 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
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Fund Raising

               

Method(s) Used:

Direct mail, special events, grant proposals, Internet appeals, and planned giving.
Fund raising costs were 17% of related contributions. (Related contributions, which totaled $5,478,032, are donations received as a result of fund raising activities.)
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Tax Status

               

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
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Financial

               

The following information is based on Elderhostel's audited financial statements for the fiscal year ended September 30, 2010.

Source of Funds  
Program revenue 149,534,006
Investment income 2,840,910
Other revenue 2,474,711
Contributions 2,027,578
Planned giving 609,544
Total Income $157,486,749


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Uses of Funds as a % of Total Expenses

Programs: 95%  Fund Raising: 1%  Administrative: 4% 

Total income   $157,486,749
  Program expenses $148,233,539
  Fund raising expenses 916,944
  Administrative expenses 7,033,755
 
Total expenses   $156,184,238
Income in Excess of Expenses   1,302,511
Beginning net assets   33,942,439
Other Changes in Net Assets (589,094)
Ending net assets   34,655,856
Total liabilities   44,981,466
Total assets   $79,637,322

Note: In the above finacial section, the -$589,094 for "other changes in net assets" represents a change in actuarial liability of split-interest agreements and a change in fair value of forward currency contracts.

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An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the BBB Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fund raising or promotional purposes.

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