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Nonprofiteer
← PATTY HANKS SHELTON SCHOOL OF NURSING

Form 990 for tax year 2022

Filed by PATTY HANKS SHELTON SCHOOL OF NURSING.

Totals

Total revenue
$2,300,845
Total expenses
$2,582,810
Contributions and grants received
$129,401
Grants paid
$67,076
Program service revenue
$2,038,186
Investment income
$133,258
Other revenue
$0
Total assets, end of year
$3,155,074
Total liabilities, end of year
$644,590
Net assets or fund balances, end of year
$2,510,484
Program services expenses (Part IX)
$2,032,880
Management and general expenses
$549,930
Fundraising expenses
$0
Program service expenses (Part III)
$2,032,880

Program services were 78.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $120,891

  • 1e · Government grants (contributions)

    $8,510

  • 2a · Program service revenue: Tuition and Fees

    total $2,038,186 · related or exempt $2,038,186

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $133,258 · excluded $133,258

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $67,076 · program services $67,076

  • 7 · Other salaries and wages

    total $1,458,059 · program services $1,280,387 · management and general $177,672

  • 8 · Pension plan contributions

    total $31,210 · program services $25,856 · management and general $5,354

  • 9 · Other employee benefits

    total $105,115 · program services $97,901 · management and general $7,214

  • 10 · Payroll taxes

    total $92,570 · program services $79,166 · management and general $13,404

  • 11a · Fees: management

    total $116,609 · management and general $116,609

  • 11c · Fees: accounting

    total $27,500 · management and general $27,500

  • 11f · Fees: investment management

    total $15,711 · management and general $15,711

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $59,658 · program services $59,658

  • 13 · Office expenses

    total $337,622 · program services $188,854 · management and general $148,768

  • 14 · Information technology

    total $90,642 · program services $90,642

  • 16 · Occupancy

    total $117,280 · program services $94,650 · management and general $22,630

  • 22 · Depreciation, depletion and amortization

    total $63,758 · program services $48,690 · management and general $15,068

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $201,976

  • 2 · Savings and temporary cash investments

    beginning of year $1,286,448 · end of year $775,000

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $5,398 · end of year $54,309

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0

  • 8 · Inventories for sale or use

    beginning of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $74,068 · end of year $62,709

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

    $1,716,214

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

    $1,462,221

  • 10c · Land, buildings and equipment, net

    beginning of year $228,787 · end of year $253,993

  • 12 · Investments: other securities

    beginning of year $1,833,355 · end of year $1,717,131

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $89,956

  • 17 · Accounts payable and accrued expenses

    beginning of year $519,742 · end of year $498,915

  • 19 · Deferred revenue

    end of year $32,519

  • 22 · Loans and payables to officers and key people

    end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $113,156

  • 27 · Net assets without donor restrictions

    beginning of year $2,624,158 · end of year $2,510,409

  • 28 · Net assets with donor restrictions

    beginning of year $284,156 · end of year $75

Mission and programs · 2022

Mission

To educate baccalaureate and advanced practice nurses for lives of Christian service and leadership to meet the ever changing health care needs of a global society.

Activities or mission (Part I)

To educate baccalaureate and advanced practice nurses for Christian service and leadership.

  • Patty Hanks Shelton School of Nursing (PHSSN), a consortium of Hardin-Simmons University and McMurry University, is committed to preparing nursing students for Christian leadership and service throughout Texas, the nation and the world. PHSSN provides students with 2 pathways towards completing a BSN degree: a traditional 4 year BSN and an online RN-to-BSN articulation program designed for already licensed nurses to advance their nursing to the BSN level. Through faith, commitment, perseverance and interdisciplinary collaboration, students are provided the opportunity to expand their understanding of health, environment, person, and nursing.

    Expenses $2,032,880 · Grants $67,076 · Revenue $2,038,186

As filed on the 2022 return.

Listed in Part VII

  • Sandra Harper

    Chairwoman

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Brad Holland

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Eric Bruntmyer

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
15 April 2024
IRS schema version
2022v5.0
Source object
202431069349300613

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