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Nonprofiteer
← NORTH CAROLINA FOUNDATION FOR NURSING INC

Form 990 for tax year 2022

Filed by NORTH CAROLINA FOUNDATION FOR NURSING INC.

Totals

Total revenue
$121,541
Total expenses
$134,355
Contributions and grants received
$46,351
Grants paid
$50,500
Program service revenue
$48,780
Investment income
$26,410
Other revenue
$0
Total assets, end of year
$526,040
Total liabilities, end of year
$16,498
Net assets or fund balances, end of year
$509,542
Program services expenses (Part IX)
$119,906
Management and general expenses
$12,449
Fundraising expenses
$2,000
Program service expenses (Part III)
$119,906

Program services were 89.2% 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

    $46,351

  • 2a · Program service revenue: LEADERSHIP ACADEMY REG

    total $48,780 · related or exempt $48,780

  • 3 · Investment income

    total $21,230 · excluded $21,230

  • 7a · Gross sales of assets other than inventory

    securities $51,870

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

    securities $46,690

  • 7c · Gain or loss

    securities $5,180

  • 7d · Net gain or loss

    total $5,180 · excluded $5,180

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $50,500 · program services $50,500

  • 11f · Fees: investment management

    total $4,489 · program services $2,599 · management and general $1,890

  • 11g · Fees: other

    total $6,300 · management and general $6,300

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

    total $47,853 · program services $47,853

  • 24b · Other expenses: OUTSIDE STAFFING COSTS

    total $18,085 · program services $12,348 · management and general $4,093 · fundraising $1,644

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

    total $3,288 · program services $3,288

  • 24d · Other expenses: TECHNOLOGY AND WEBSITE

    total $2,000 · program services $2,000

  • 24e · All other expenses

    total $1,840 · program services $1,318 · management and general $166 · fundraising $356

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $128,550 · end of year $90,576

  • 3 · Pledges and grants receivable

    beginning of year $3,600 · end of year $5,728

  • 4 · Accounts receivable

    beginning of year $5,655 · end of year $5,835

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,668 · end of year $2,500

  • 11 · Investments: publicly traded securities

    beginning of year $503,297 · end of year $421,401

  • 17 · Accounts payable and accrued expenses

    beginning of year $13,226 · end of year $16,498

  • 19 · Deferred revenue

    beginning of year $3,500 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $165,177 · end of year $119,350

  • 28 · Net assets with donor restrictions

    beginning of year $460,867 · end of year $390,192

Mission and programs · 2022

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.

  • THE FOUNDATION ADMINISTERS SCHOLARSHIP FUNDS AND AWARDS SCHOLARSHIPS TO STUDENTS THAT ARE SEEKING BACHELOR, MASTERS, AND DOCTORATE-LEVEL DEGREES IN THE FIELD OF NURSING. SCHOLARSHIPS WERE AWARDED TO TWENTY-THREE STUDENTS DURING 2022.

    Expenses $57,477 · Grants $50,500

  • 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. SEVENTEEN NURSES PARTICIPATED IN THE LEADERSHIP ACADEMY PROGRAM IN 2022.

    Expenses $62,429 · Revenue $48,780

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Diamond Staton-Williams

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • Deryck Wilson

    PRESIDENT ELECT

    Total calculated
    $0
    Hours/week
    0

  • Deb Harding

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Mary Blackburn

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Sharon Nelson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Alex Nava Resigned 8-10-2022

    SECY/TREASURER

    Total calculated
    $0
    Hours/week
    0

  • V Soltis-Jarrett Resigned 10-10-22

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Tina C Gordon

    EXECUTIVE DIRECTOR

    Total calculated
    $317,314
    From this org
    $0
    From related orgs
    $286,111
    Other
    $31,203
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $252,270 related
    Bonus
    $0 + $33,841 related
    Other
    $0
    Deferred
    $0 + $21,197 related
    Nontaxable benefits
    $0 + $10,006 related
    Filer's total
    $0 + $317,314 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

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
2022
Filed
27 April 2023
IRS schema version
2022v5.0
Source object
202311189349301211

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