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← NLN FOUNDATION FOR NURSING EDUCATION

Form 990 for tax year 2023

Filed by NLN FOUNDATION FOR NURSING EDUCATION.

Totals

Total revenue
$409,067
Total expenses
$369,195
Contributions and grants received
$394,265
Grants paid
$213,227
Program service revenue
$0
Investment income
$9,137
Other revenue
$5,665
Total assets, end of year
$1,101,430
Total liabilities, end of year
$61,441
Net assets or fund balances, end of year
$1,039,989
Program services expenses (Part IX)
$247,979
Management and general expenses
$71,857
Fundraising expenses
$49,359
Program service expenses (Part III)
$247,979

Program services were 67.2% 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

    $394,265

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $9,137 · excluded $9,137

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11a · Other revenue: MISCELLANEOUS

    total $5,665 · excluded $5,665

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $5,665

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $120,427 · program services $120,427

  • 2 · Grants to domestic individuals

    total $92,800 · program services $92,800

  • 7 · Other salaries and wages

    total $79,011 · program services $26,337 · management and general $26,337 · fundraising $26,337

  • 8 · Pension plan contributions

    total $738 · program services $246 · management and general $246 · fundraising $246

  • 9 · Other employee benefits

    total $6,975 · program services $2,325 · management and general $2,325 · fundraising $2,325

  • 10 · Payroll taxes

    total $6,093 · program services $2,031 · management and general $2,031 · fundraising $2,031

  • 11f · Fees: investment management

    total $7,294 · management and general $7,294

  • 11g · Fees: other

    total $11,162 · program services $0 · management and general $11,162 · fundraising $0

  • 13 · Office expenses

    total $19,129 · management and general $19,129

  • 17 · Travel

    total $15,566 · program services $480 · fundraising $15,086

  • 24a · Other expenses: Overhead Costs

    total $10,000 · program services $3,333 · management and general $3,333 · fundraising $3,334

  • 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 $204,941 · end of year $287,976

  • 3 · Pledges and grants receivable

    end of year $5,000

  • 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 $5,000

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $553,399 · end of year $808,454

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $64,444 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,222 · end of year $21,627

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $39,814

  • 27 · Net assets without donor restrictions

    beginning of year $248,735 · end of year $421,589

  • 28 · Net assets with donor restrictions

    beginning of year $576,827 · end of year $618,400

Mission and programs · 2023

Mission

See Schedule O

  • TO SUPPORT THE MISSION OF ITS PARENT, NATIONAL LEAGUE FOR NURSING, INC., THROUGH THE FUNDING OF ENDOWMENTS, THE DEVELOPMENT OF INITIATIVES THAT BENEFIT NLN'S MEMBERSHIP, INCREASE MEMBER ACCESSIBILITY TO EDUCATIONAL PROGRAMS, AND FUND NEW INNOVATIVE RESEARCH.

    Expenses $247,979 · Grants $213,227

As filed on the 2023 return.

Listed in Part VII

  • Edmund J Y Pajarillo

    SECRETARY

    Total calculated
    $0
    Hours/week
    4

  • F Patrick Robinson

    Chair

    Total calculated
    $0
    Hours/week
    4

  • Michael Newsome

    Treasurer

    Total calculated
    $0
    Hours/week
    4 + 2 related

  • Anne Krouse

    Trustee (Through 9/2023)

    Total calculated
    $0
    Hours/week
    4 + 2 related

  • Kathleen Poindexter

    Trustee (Through 9/2023)

    Total calculated
    $0
    Hours/week
    4 + 2 related

  • Mark C Hand

    Trustee

    Total calculated
    $0
    Hours/week
    4 + 2 related

  • Patricia A Sharpnack

    Trustee

    Total calculated
    $0
    Hours/week
    4 + 2 related

  • Beverly Malone

    President / CEO

    Total calculated
    $702,339
    From this org
    $0
    From related orgs
    $688,761
    Other
    $13,578
    Hours/week
    4 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $603,155 related
    Bonus
    $0 + $85,419 related
    Other
    $0 + $187 related
    Deferred
    $0 + $8,700 related
    Nontaxable benefits
    $0 + $4,878 related
    Filer's total
    $0 + $702,339 related

  • Michael Karkowsky

    Deputy CFO

    Total calculated
    $81,731
    From this org
    $0
    From related orgs
    $76,599
    Other
    $5,132
    Hours/week
    4 + 35 related

  • Stephen Cerame

    CFO (Through 9/2023)

    Total calculated
    $223,033
    From this org
    $0
    From related orgs
    $213,299
    Other
    $9,734
    Hours/week
    4 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $211,551 related
    Bonus
    $0 + $1,219 related
    Other
    $0 + $529 related
    Deferred
    $0 + $6,481 related
    Nontaxable benefits
    $0 + $3,253 related
    Filer's total
    $0 + $223,033 related

  • Elizabeth Reyna

    Director of Membership

    Total calculated
    $134,534
    From this org
    $0
    From related orgs
    $113,674
    Other
    $20,860
    Hours/week
    8 + 35 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

None.

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

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
15 November 2024
IRS schema version
2023v5.1
Source object
202413209349310666

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