Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: Nurse Competence

  total $105,502,811 · related or exempt $105,502,811

• 2b · Program service revenue: Nursing Information Services

  total $7,755,904 · related or exempt $7,755,904

• 2c · Program service revenue: Regulatory Outcome

  total $131,648 · related or exempt $131,648

• 2d · Program service revenue: Membership Dues

  total $36,000 · related or exempt $36,000

• 3 · Investment income

  total $6,282,953 · excluded $6,282,953

• 7a · Gross sales of assets other than inventory

  securities $108,796,892

• 7b · Less cost or other basis and sales expenses

  securities $92,456,544

• 7c · Gain or loss

  securities $16,340,348

• 7d · Net gain or loss

  total $16,340,348 · excluded $16,340,348

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $1,150,451 · program services $1,150,451

• 5 · Compensation of officers, directors and key employees

  total $1,337,094 · program services $1,139,202 · management and general $197,892

• 7 · Other salaries and wages

  total $17,465,739 · program services $14,814,162 · management and general $2,651,577

• 8 · Pension plan contributions

  total $1,415,933 · program services $1,246,021 · management and general $169,912

• 9 · Other employee benefits

  total $2,318,112 · program services $2,047,531 · management and general $270,581

• 10 · Payroll taxes

  total $1,303,305 · program services $1,146,908 · management and general $156,397

• 11b · Fees: legal

  total $783,619 · management and general $783,619

• 11c · Fees: accounting

  total $133,433 · management and general $133,433

• 11d · Fees: lobbying

  total $801,592 · program services $801,592

• 11f · Fees: investment management

  total $599,436 · management and general $599,436

• 11g · Fees: other

  total $7,671,621 · program services $7,504,883 · management and general $166,738

• 13 · Office expenses

  total $411,181 · program services $391,298 · management and general $19,883

• 16 · Occupancy

  total $1,784,011 · program services $1,466,376 · management and general $317,635

• 17 · Travel

  total $5,492,719 · program services $4,965,074 · management and general $527,645

• 22 · Depreciation, depletion and amortization

  total $3,849,711 · program services $3,753,911 · management and general $95,800

• 24a · Other expenses: Application & Processin

  total $75,063,060 · program services $75,063,060

• 24b · Other expenses: Equipment & Maintenance

  total $5,458,061 · program services $5,334,841 · management and general $123,220

• 24c · Other expenses: Library & Memberships

  total $176,585 · program services $143,424 · management and general $33,161

• 24e · All other expenses

  total $449,290 · program services $278,782 · management and general $170,508

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $35,890 · end of year $20,595

• 2 · Savings and temporary cash investments

  beginning of year $21,492,284 · end of year $27,057,915

• 4 · Accounts receivable

  beginning of year $712,951 · end of year $875,778

• 9 · Prepaid expenses and deferred charges

  beginning of year $2,157,587 · end of year $1,891,587

• 10a · Land, buildings and equipment: cost or other basis

  $45,626,070

• 10b · Land, buildings and equipment: accumulated depreciation

  $27,472,575

• 10c · Land, buildings and equipment, net

  beginning of year $10,585,291 · end of year $18,153,495

• 11 · Investments: publicly traded securities

  beginning of year $233,427,465 · end of year $251,603,046

• 12 · Investments: other securities

  beginning of year $14,479,570 · end of year $13,130,829

• 15 · Other assets

  beginning of year $5,367,160 · end of year $4,815,162

• 17 · Accounts payable and accrued expenses

  beginning of year $9,341,654 · end of year $9,819,199

• 18 · Grants payable

  beginning of year $614,395 · end of year $375,036

• 19 · Deferred revenue

  beginning of year $22,930,884 · end of year $21,719,008

• 21 · Escrow or custodial account liability

  beginning of year $1,199,340 · end of year $1,429,232

• 25 · Other liabilities

  beginning of year $5,876,543 · end of year $5,086,700

• 27 · Net assets without donor restrictions

  beginning of year $248,295,382 · end of year $279,119,232

The filer's explanations (Part III)

Part I, Line 1a

Per an agreement that has been approved by the Board of Directors, NCSBN shall pay or reimburse the CEO for up to $25,000 annually for housing or hotel expenses related to their time spent working at NCSBN's offices in Chicago. Any reimbursements are included on their form W-2 and reported as taxable income.

Part I, Line 7

As indicated on Schedule J, Part II, the CEO received a bonus. The bonus is approved by the Board of Directors.