Civic Intelligence

Institute for Education in Retirement Inc

EIN 83-2772468 • 501(c)3 • New York, NY

Profile

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.

PO Box 1779New York, NY 10156-1779

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

22nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

NTEE B • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

22nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

NTEE B • $1M-$5M nonprofits • Source year 2025

Net Margin

87th percentile

43%

Higher net margin than 87% of similar nonprofits.

NTEE B • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

NTEE B • $1M-$5M nonprofits • Source year 2025

Asset Growth

67th percentile

12%

Faster asset growth than 67% of similar nonprofits.

NTEE B • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

27th percentile

-5.0%

Faster revenue growth than 27% of similar nonprofits.

NTEE B • $1M-$5M nonprofits • Annualized from 2024 to 2025

Assets

Up

$1,316,170

Up $141,927 (+12%) from 2024

Liabilities

Flat

$0

Flat from 2024

Net Assets

Up

$1,316,170

Up $141,927 (+12%) from 2024

Revenue

Down

$121,396

Down $6,326 (-5.0%) from 2024

Expenses

Down

$69,542

Down $4,786 (-6.4%) from 2024

Net Income

Down

$51,854

Down $1,540 (-2.9%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5M$1.0M$500K$0Assets 2020: $984,961Liabilities 2020: $0Net Assets 2020: $984,9612020Assets 2022: $898,825Liabilities 2022: $0Net Assets 2022: $898,8252022Assets 2023: $1,042,346Liabilities 2023: $0Net Assets 2023: $1,042,3462023Assets 2024: $1,174,243Liabilities 2024: $0Net Assets 2024: $1,174,2432024Assets 2025: $1,316,170Liabilities 2025: $0Net Assets 2025: $1,316,1702025

Highlighted filing

2025

Assets$1,316,170
Liabilities$0
Net Assets$1,316,170

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$200K$150K$100K$50K$0Revenue 2020: $73,133Expenses 2020: $15,102Net Income 2020: $58,0312020Revenue 2022: $82,348Expenses 2022: $36,969Net Income 2022: $45,3792022Revenue 2023: $167,422Expenses 2023: $96,067Net Income 2023: $71,3552023Revenue 2024: $127,722Expenses 2024: $74,328Net Income 2024: $53,3942024Revenue 2025: $121,396Expenses 2025: $69,542Net Income 2025: $51,8542025

Highlighted filing

2025

Revenue$121,396
Expenses$69,542
Net Income$51,854

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Sep 24, 2025
Return Version
2024v5.2
Gross Receipts
$121,396
Mission and Program Overview

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 interactive online classes for homebound older adults.

The Institute for Education in Retirement is dedicated to supporting intellectually challenging peer learning and community engagement opportunities to post-career New Yorkers.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,084,072$1,207,920▲ $123,848
Cash and Non-Interest-Bearing Accounts$90,171$108,250▲ $18,079
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$1,174,243$1,316,170▲ $141,927
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$712,633$807,141▲ $94,508
Net Assets With Donor Restrictions$461,610$509,029▲ $47,419
Total Net Assets Fund Balance$1,174,243$1,316,170▲ $141,927
Total Liabilities and Net Assets / Fund Balance$1,174,243$1,316,170▲ $141,927

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$434,715-▲ $51,896$0$461,611
2023$414,550-▲ $33,433$0$434,714
2022$479,700-▼ $50,788$0$414,550
2021$480,831-▲ $62,257,317$0$62,729,700
Compensation and Service Providers

Board Members and Trustees

NameTitle
Ruth MackamanPresident
Patrick SiconolfiVice President and Treasurer
Carolyn PreissBoard Member
Edward BrillBoard Member
Elizabeth DaltonBoard Member
Jay AdlerBoard Member
Judith SiegelBoard Member
Leslie HerrmannBoard Member
Robert CohnBoard Member
Susan HermanBoard Member
Linda AnstendigExec Comm Member at Large
Lynn BrennerSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$92,310
Program Service Revenue
$0
Investment Income
$29,086
Other Revenue
$0
All Other Contributions
$92,310
Change in Net Assets
$51,854
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$58,884
Grants and Similar Amounts Paid$10,658
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Information Technology$22,649--$22,649
Grants to Domestic Individuals$10,658--$10,658
Office Expenses-$5,389-$5,389
Insurance-$3,090-$3,090
Fees for Services Accounting-$3,037-$3,037
Other Expenses$872$6,469-$872
All Other Expenses-$675-$675
Total Functional Expenses$41,279$28,263$0$69,542
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI, section B, Line 11B

The full 990 is provided to the board before submission for their review.

Part VI, Section B, line 12C

the organization has a conflict of interest policy. the organization has implemented a requirement for annual completion of a conflict of interest form from all board members.

Part VI, Section C, line 19

the governing documents, conflict of interest policy and form 990 are available upon request.

Filing and Contact Details

Filer

Filer Name
Institute for Education in Retirement Inc
EIN
83-2772468
In Care Of
% PATRICK SICONOLFI
Phone
2122185549
Address
PO Box 1779, New York, NY 10156-1779

Signing Officer

Name
ruth Mackaman
Title
President
Phone
2122185549
Signed
2025-09-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
ruth Mackaman
Formed
2018
Legal Domicile
Ny
Voting Board Members
12
Independent Board Members
12
Employees
0

Preparer

Firm
WithumSmithBrown PC
Address
ONE TOWER CENTER BLVD 14TH FL, EAST BRUNSWICK, NJ 08816
Preparer
Catherine Bendall
Phone
7328281614
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IRS990/Desc0The 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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IRS990/MissionDesc0THE 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.
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