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Nonprofiteer
← MASSACHUSETTS NURSES FOUNDATION INC

Form 990 for tax year 2023

Filed by MASSACHUSETTS NURSES FOUNDATION INC.

Totals

Total revenue
$33,926
Total expenses
$77,824
Contributions and grants received
$11,712
Grants paid
$56,500
Program service revenue
$0
Investment income
$3,242
Other revenue
$18,972
Total assets, end of year
$403,863
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$403,863
Program services expenses (Part IX)
$56,500
Management and general expenses
$21,324
Fundraising expenses
$0
Program service expenses (Part III)
$56,500

Program services were 72.6% 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

    $11,712

  • 3 · Investment income

    total $3,242 · excluded $3,242

  • 8a · Fundraising events: gross income

    $43,162

  • 8b · Fundraising events: direct expenses

    $24,190

  • 8c · Net income from fundraising events

    total $18,972 · excluded $18,972

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $56,500 · program services $56,500

  • 11c · Fees: accounting

    total $12,100 · management and general $12,100

  • 13 · Office expenses

    total $313 · management and general $313

  • 23 · Insurance

    total $865 · management and general $865

  • 24a · Other expenses: ADMINISTRATIVE SERVICES

    total $7,034 · management and general $7,034

  • 24b · Other expenses: FEES

    total $671 · management and general $671

  • 24c · Other expenses: MISC. EXPENSES

    total $341 · management and general $341

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $294,822 · end of year $252,045

  • 11 · Investments: publicly traded securities

    beginning of year $138,814 · end of year $151,818

  • 27 · Net assets without donor restrictions

    beginning of year $301,806 · end of year $322,920

  • 28 · Net assets with donor restrictions

    beginning of year $131,830 · end of year $80,943

Mission and programs · 2023

Mission

THE MASSACHUSETTS NURSES FOUNDATION, INC. (THE "FOUNDATION") IS A NON-PROFIT CORPORATION ESTABLISHED TO 1) PROVIDE SCHOLARSHIPS, GRANTS AND LOANS TO NURSES AND STUDENTS OF NURSING, 2) MAINTAIN A FUND TO ASSIST MEMBERS THROUGH EDUCATION, TRAINING, AND PRACTICE DEVELOPMENT, 3) SUPPORT RESEARCH WHICH IS SIGNIFICANT TO THE PROFESSION OF NURSING AND OF PUBLIC INTEREST, 4) SUPPORT THE PUBLICATION OF REPORTS, TREATISES AND OTHER LITERARY WORKS ON NURSING SUBJECTS, 5) ESTABLISH A CENTER FOR NURSING WHERE THE GOALS OF THE FOUNDATION CAN BE ACHIEVED AND 6) ADMINISTER SCHOLARSHIP FUNDS FOR ALUMNI ASSOCIATIONS AND SCHOOLS OF NURSING.

Activities or mission (Part I)

SEE PART III, LINE 1

  • SCHOLARSHIPS AND GRANTS WERE PROVIDED TO SEVERAL INDIVIDUALS

    Expenses $56,500 · Grants $56,500

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • TINA RUSSELL

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • BETH AMSLER

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • KATHY BELBIN

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • DONNA DUDIK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KAREN DUFFY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOE-ANN FERGUS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BETTY SPARKS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SHIRLEY THOMPSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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
2023
Filed
24 February 2025
IRS schema version
2023v6.0
Source object
202520559349300967

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