Form 990 for tax year 2023
Filed by PATTY HANKS SHELTON SCHOOL OF NURSING.
Totals
- Total revenue
- $1,892,415
- Total expenses
- $2,294,605
- Contributions and grants received
- $13,688
- Grants paid
- $2,000
- Program service revenue
- $1,772,591
- Investment income
- $85,524
- Other revenue
- $20,612
- Total assets, end of year
- $2,559,932
- Total liabilities, end of year
- $340,122
- Net assets or fund balances, end of year
- $2,219,810
- Program services expenses (Part IX)
- $1,807,701
- Management and general expenses
- $486,904
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,807,701
Program services were 78.8% 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.
-
1e · Government grants (contributions)
$13,688
-
2a · Program service revenue: Tuition and Fees
total $1,772,591 · related or exempt $1,772,591
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $85,524 · excluded $85,524
-
6c · Rental income or loss
real property $0 · personal property $0
-
7a · Gross sales of assets other than inventory
securities $1,775
-
7b · Less cost or other basis and sales expenses
securities $1,775
-
7c · Gain or loss
securities $0 · other assets $0
-
7d · Net gain or loss
total $0 · excluded $0
-
11a · Other revenue: Other Income
total $20,612 · excluded $20,612
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$20,612
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $2,000 · program services $2,000
-
7 · Other salaries and wages
total $1,328,224 · program services $1,154,679 · management and general $173,545
-
8 · Pension plan contributions
total $35,597 · program services $32,393 · management and general $3,204
-
9 · Other employee benefits
total $153,959 · program services $149,275 · management and general $4,684
-
10 · Payroll taxes
total $98,594 · program services $84,142 · management and general $14,452
-
11a · Fees: management
total $116,609 · management and general $116,609
-
11c · Fees: accounting
total $31,345 · management and general $31,345
-
11g · Fees: other
total $0 · program services $0 · management and general $0 · fundraising $0
-
12 · Advertising and promotion
total $27,257 · program services $27,257
-
13 · Office expenses
total $307,319 · program services $195,567 · management and general $111,752
-
14 · Information technology
total $54,816 · program services $54,816
-
16 · Occupancy
total $92,873 · program services $71,933 · management and general $20,940
-
22 · Depreciation, depletion and amortization
total $46,012 · program services $35,639 · management and general $10,373
-
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 $201,976 · end of year $88,942
-
2 · Savings and temporary cash investments
beginning of year $775,000 · end of year $364,330
-
3 · Pledges and grants receivable
beginning of year $0
-
4 · Accounts receivable
beginning 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
-
9 · Prepaid expenses and deferred charges
beginning of year $62,709 · end of year $49,100
-
10a · Land, buildings and equipment: cost or other basis
$1,716,214
-
10b · Land, buildings and equipment: accumulated depreciation
$1,508,233
-
10c · Land, buildings and equipment, net
beginning of year $253,993 · end of year $207,981
-
12 · Investments: other securities
beginning of year $1,717,131 · end of year $1,826,872
-
13 · Investments: program-related
beginning of year $0
-
15 · Other assets
beginning of year $89,956 · end of year $22,707
-
17 · Accounts payable and accrued expenses
beginning of year $498,915 · end of year $310,615
-
19 · Deferred revenue
beginning of year $32,519
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $113,156 · end of year $29,507
-
27 · Net assets without donor restrictions
beginning of year $2,510,409 · end of year $2,219,810
-
28 · Net assets with donor restrictions
beginning of year $75
Mission and programs · 2023
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. PHSSN offers 2 options for an MSN - one track for Family Nurse Practitioner and one track for MSN-Education. Through faith, commitment, perseverance and interdisciplinary collaboration, students are provided the opportunity to expand their understanding of health, environment, person, and nursing.
Expenses $1,807,701 · Grants $2,000 · Revenue $1,772,591
As filed on the 2023 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.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 4 December 2024
- IRS schema version
- 2023v5.1
- Source object
- 202443399349301604
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