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Nonprofiteer
← NORTH CAROLINA FOUNDATION FOR NURSING INC

Form 990 for tax year 2023

Filed by NORTH CAROLINA FOUNDATION FOR NURSING INC.

Totals

Total revenue
$126,328
Total expenses
$121,136
Contributions and grants received
$65,265
Grants paid
$37,000
Program service revenue
$45,475
Investment income
$15,588
Other revenue
$0
Total assets, end of year
$572,459
Total liabilities, end of year
$15,350
Net assets or fund balances, end of year
$557,109
Program services expenses (Part IX)
$104,919
Management and general expenses
$13,143
Fundraising expenses
$3,074
Program service expenses (Part III)
$104,919

Program services were 86.6% 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.

  • 1f · All other contributions, gifts and grants

    $65,265

  • 2a · Program service revenue: LEADERSHIP ACADEMY REG

    total $45,475 · related or exempt $45,475

  • 3 · Investment income

    total $22,032 · excluded $22,032

  • 7a · Gross sales of assets other than inventory

    securities $31,911

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

    securities $38,355

  • 7c · Gain or loss

    securities -$6,444

  • 7d · Net gain or loss

    total -$6,444 · excluded -$6,444

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $37,000 · program services $37,000

  • 11f · Fees: investment management

    total $4,372 · program services $2,525 · management and general $1,847

  • 11g · Fees: other

    total $6,506 · management and general $6,506

  • 24a · Other expenses: MEETINGS, FACILITIES, A

    total $40,964 · program services $40,964

  • 24b · Other expenses: OUTSIDE STAFFING COSTS

    total $18,989 · program services $12,845 · management and general $4,570 · fundraising $1,574

  • 24c · Other expenses: TRAINING, WORKSHOPS, AN

    total $9,235 · program services $9,235

  • 24d · Other expenses: TECHNOLOGY AND WEBSITE

    total $2,350 · program services $2,350

  • 24e · All other expenses

    total $1,720 · management and general $220 · fundraising $1,500

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $90,576 · end of year $75,911

  • 3 · Pledges and grants receivable

    beginning of year $11,563 · end of year $14,256

  • 4 · Accounts receivable

    end of year $1,500

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,500 · end of year $5,957

  • 11 · Investments: publicly traded securities

    beginning of year $421,401 · end of year $474,835

  • 17 · Accounts payable and accrued expenses

    beginning of year $16,498 · end of year $13,500

  • 19 · Deferred revenue

    end of year $1,850

  • 27 · Net assets without donor restrictions

    beginning of year $119,350 · end of year $134,426

  • 28 · Net assets with donor restrictions

    beginning of year $390,192 · end of year $422,683

Mission and programs · 2023

Mission

THE PURPOSE AND GOALS OF THE FOUNDATION ARE TO SECURE AND ADMINISTER FUNDS DIRECTED TOWARD (1) EDUCATION THAT ASSURES THAT REGISTERED NURSES ARE PREPARED TO MEET THE CURRENT AND CHANGING HEALTH CARE NEEDS OF NORTH CAROLINA CITIZENS; (2) RESEARCH (CONTINUED ON SCHEDULE O) THAT IDENTIFIES THE VALUE OF REGISTERED NURSES IN HEALTH CARE DELIVERY; AND (3) ACTIVITIES THAT PUBLICIZE THE VALUE OF REGISTERED NURSES IN HEALTH CARE DELIVERY.

Activities or mission (Part I)

THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO RECEIVE AND ADMINISTER FUNDS FOR CHARITABLE, SCIENTIFIC, AND EDUCATIONAL PURPOSES RELATED TO NURSING.

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $44,220 · Grants $37,000

  • THE LEADERSHIP ACADEMY IS A LEADERSHIP DEVELOPMENT PROGRAM FOR NURSES TO PREPARE THEM FOR POSITIONS OF STRATEGY AND INFLUENCE. THE PROGRAM EMPHASIZES EDUCATION AND MENTORING OF NURSES TO REPRESENT THEIR PROFESSION THROUGH ACTIVE LEADERSHIP IN A VARIETY OF POSITIONS AT THE STATE AND LOCAL LEVEL. FOURTEEN NURSES PARTICIPATED IN THE LEADERSHIP ACADEMY PROGRAM IN 2023.

    Expenses $60,699 · Revenue $45,475

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Deryck Wilson

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • Sharon Nelson

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    0

  • Susan Lane

    PRESIDENT ELECT

    Total calculated
    $0
    Hours/week
    0

  • Tina Okonkwo

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Gail Shue

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Joshua Barrett

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Gloria McNeil

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Tina C Gordon

    EXECUTIVE DIRECTOR

    Total calculated
    $351,773
    From this org
    $0
    From related orgs
    $317,971
    Other
    $33,802
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $277,497 related
    Bonus
    $0 + $40,474 related
    Other
    $0
    Deferred
    $0 + $23,414 related
    Nontaxable benefits
    $0 + $10,388 related
    Filer's total
    $0 + $351,773 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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE RELATED ORGANIZATION'S COMPENSATION COMMITTEE UTILIZES COMPENSATION SURVEYS/STUDIES, AND THE BOARD APPROVES THE ANNUAL COMPENSATION.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

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
2023
Filed
10 May 2024
IRS schema version
2023v5.0
Source object
202421359349308512

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