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Nonprofiteer
← WATTS COLLEGE OF NURSING INC

Form 990 for tax year 2023

Filed by WATTS COLLEGE OF NURSING INC.

Totals

Total revenue
$2,807,251
Total expenses
$4,029,609
Contributions and grants received
$6,240
Grants paid
$0
Program service revenue
$2,801,011
Investment income
$0
Other revenue
$0
Total assets, end of year
$20,083
Total liabilities, end of year
$474,675
Net assets or fund balances, end of year
-$454,592
Program services expenses (Part IX)
$2,490,548
Management and general expenses
$1,537,249
Fundraising expenses
$1,812
Program service expenses (Part III)
$2,490,548

Program services were 61.8% 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.

  • 1f · All other contributions, gifts and grants

    $6,240

  • 2a · Program service revenue: UNDERGRADUATE TUITION

    total $2,579,766 · related or exempt $2,579,766

  • 2b · Program service revenue: EDUCATION RELATED FEES

    total $221,245 · related or exempt $221,245

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $145,055 · program services $13,055 · management and general $130,549 · fundraising $1,451

  • 9 · Other employee benefits

    total $36,119 · program services $3,251 · management and general $32,507 · fundraising $361

  • 11g · Fees: other

    total $350,968 · program services $31,659 · management and general $319,309

  • 12 · Advertising and promotion

    total $6,484 · management and general $6,484

  • 13 · Office expenses

    total $63,854 · program services $52,849 · management and general $11,005

  • 14 · Information technology

    total $372,113 · program services $113,681 · management and general $258,432

  • 16 · Occupancy

    total $583,299 · program services $422,533 · management and general $160,766

  • 17 · Travel

    total $3,917 · program services $473 · management and general $3,444

  • 19 · Conferences, conventions and meetings

    total $8,310 · program services $4,925 · management and general $3,385

  • 23 · Insurance

    total $12,500 · management and general $12,500

  • 24a · Other expenses: ASSIGNED EMPLOYEE EXP.

    total $2,412,482 · program services $1,833,624 · management and general $578,858

  • 24b · Other expenses: ASSOCIATION DUES

    total $17,249 · program services $1,034 · management and general $16,215

  • 24c · Other expenses: EQUIPMENT RENTAL & MAIN

    total $9,490 · program services $6,008 · management and general $3,482

  • 24d · Other expenses: MISCELLANEOUS

    total $7,769 · program services $7,456 · management and general $313

Balance sheet

Part X, book values.

  • 4 · Accounts receivable

    beginning of year $246,654 · end of year $20,083

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,500 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $220,581 · end of year $290,379

  • 19 · Deferred revenue

    beginning of year $4,837 · end of year $8,737

  • 25 · Other liabilities

    beginning of year $164,278 · end of year $175,559

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year -$136,542 · end of year -$454,592

Mission and programs · 2023

Mission

WATTS COLLEGE OF NURSING, INC. SUPPORTS DUKE UNIVERSITY HEALTH SYSTEM, INC. BY PROVIDING A SUPERIOR EDUCATION THAT MEETS THE CHANGING NEEDS OF STUDENTS, HEALTH CARE CONSUMERS, AND THE NURSING PROFESSION.

  • WATTS COLLEGE OF NURSING, INC. PROVIDES A SUPERIOR EDUCATION THAT MEETS THE CHANGING NEEDS OF STUDENTS, HEALTH CARE CONSUMERS, AND THE NURSING PROFESSION.

    Expenses $2,490,548 · Revenue $2,801,011

As filed on the 2023 return.

Listed in Part VII

  • Rhonda Brandon

    DIRECTOR

    Total calculated
    $952,865
    From this org
    $0
    From related orgs
    $883,099
    Other
    $69,766
    Hours/week
    0.1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $571,880 related
    Bonus
    $0 + $288,719 related
    Other
    $0 + $22,500 related
    Deferred
    $0 + $40,376 related
    Nontaxable benefits
    $0 + $31,204 related
    Filer's total
    $0 + $954,679 related

  • Yolanda Neal

    DIRECTOR/PRESIDENT

    Total calculated
    $170,327
    From this org
    $139,737
    From related orgs
    $0
    Other
    $30,590
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $137,832
    Bonus
    $0
    Other
    $1,905
    Deferred
    $15,744
    Nontaxable benefits
    $15,281
    Filer's total
    $170,762

  • Devdutta Sangvai MD

    DIRECTOR/VICE PRESIDENT

    Total calculated
    $721,571
    From this org
    $0
    From related orgs
    $590,341
    Other
    $131,230
    Hours/week
    0.2 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $482,548 related
    Bonus
    $0 + $107,793 related
    Other
    $0
    Deferred
    $0 + $40,376 related
    Nontaxable benefits
    $0 + $92,370 related
    Filer's total
    $0 + $723,087 related

  • Leigh Bleecker

    DIRECTOR/TREASURER

    Total calculated
    $539,349
    From this org
    $0
    From related orgs
    $485,406
    Other
    $53,943
    Hours/week
    0.1 + 65.1 related

    Schedule J breakdown matched by us

    Base
    $0 + $309,318 related
    Bonus
    $0 + $176,088 related
    Other
    $0
    Deferred
    $0 + $40,376 related
    Nontaxable benefits
    $0 + $14,509 related
    Filer's total
    $0 + $540,291 related

  • Terry McDonnell

    DIRECTOR

    Total calculated
    $276,660
    From this org
    $0
    From related orgs
    $235,170
    Other
    $41,490
    Hours/week
    0.1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $172,430 related
    Bonus
    $0 + $62,740 related
    Other
    $0
    Deferred
    $0 + $30,320 related
    Nontaxable benefits
    $0 + $11,732 related
    Filer's total
    $0 + $277,222 related

  • Priscilla Ramseur

    DIRECTOR

    Total calculated
    $425,672
    From this org
    $0
    From related orgs
    $375,853
    Other
    $49,819
    Hours/week
    0.1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $255,853 related
    Bonus
    $0 + $120,000 related
    Other
    $0
    Deferred
    $0 + $40,376 related
    Nontaxable benefits
    $0 + $10,223 related
    Filer's total
    $0 + $426,452 related

  • Carla Neal

    PART YEAR SECRETARY

    Total calculated
    $119,189
    From this org
    $0
    From related orgs
    $90,183
    Other
    $29,006
    Hours/week
    0.1 + 40 related

  • Candace Gentry

    PART YEAR SECRETARY

    Total calculated
    $172,568
    From this org
    $0
    From related orgs
    $137,732
    Other
    $34,836
    Hours/week
    0.1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $137,462 related
    Bonus
    $0 + $270 related
    Other
    $0
    Deferred
    $0 + $16,065 related
    Nontaxable benefits
    $0 + $19,201 related
    Filer's total
    $0 + $172,998 related

  • Mary Ann Fuchs

    FORMER OFFICER

    Total calculated
    $1,123,691
    From this org
    $0
    From related orgs
    $1,083,315
    Other
    $40,376
    Hours/week
    0 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $456,109 related
    Bonus
    $0 + $627,206 related
    Other
    $0
    Deferred
    $0 + $40,376 related
    Nontaxable benefits
    $0 + $1,429 related
    Filer's total
    $0 + $1,125,120 related

  • Jonathan Hoy

    FORMER OFFICER

    Total calculated
    $595,384
    From this org
    $0
    From related orgs
    $546,533
    Other
    $48,851
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $136,325 related
    Bonus
    $0 + $106,776 related
    Other
    $0 + $303,432 related
    Deferred
    $0 + $37,217 related
    Nontaxable benefits
    $0 + $12,034 related
    Filer's total
    $0 + $595,784 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

  • 4a · Severance or change-of-control payment

Answered no

  • 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)

SCHEDULE J, PART I, LINE 4A
JONATHAN HOY RECEIVED A SEVERANCE PAYMENT OF $259,728, WHICH IS INCLUDED IN THE AMOUNT REPORTED ON SCHEDULE J, COLUMN B (III).

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • BLACKWELL PARTNERS LLC - SERIES A - 20-8075455

    N/A · INVESTMENTS · DE

  • LYRICAL BLUE RL PT 27-2994514

    N/A · INVESTMENTS · DE

  • SBER LUCKY STRIKE 20-3891303

    N/A · REAL ESTATE · NC

  • MANGUM II LLC - 46-5135858

    N/A · INVESTMENTS · NC

  • LS INVESTOR LLC 20-3891381

    N/A · REAL ESTATE · NC

  • DILWEG BLUE PF LP 47-1225569

    N/A · INVESTMENTS · DE

  • LYRICAL BLUE RL PT IV 47-1542108

    N/A · INVESTMENTS · DE

  • STRATUS SCP II INVESTORS - C LP

    N/A · INVESTMENTS · UK

  • ALTOS HYBRID D LLC - 47-3996176

    N/A · INVESTMENTS · DE

  • BLACKWELL PARTNERS LLC - SERIES C - 81-1264533

    N/A · INVESTMENTS · DE

  • BLACKWELL PARTNERS LLC - SERIES B

    N/A · INVESTMENTS · DE

  • BLACKWELL PARTNERS LLC - SERIES D

    N/A · INVESTMENTS · DE

  • BLACKWELL PARTNERS LLC - SERIES E

    N/A · INVESTMENTS · DE

  • ALTOS HYBRID 2D LLC - 81-5176567

    N/A · INVESTMENTS · DE

  • LYRICAL-BLUE 100 KINGSHIGHWAY PARTNERS LP

    N/A · INVESTMENTS · DE

  • WASHINGTON GOTHIC LP

    N/A · INVESTMENTS · DE

  • DUKE TRIANGLE ENDOSCOPY CENTER LLC

    N/A · HEALTHCARE · DE

  • DWELLWORKS CO-INVESTMENT LLC

    N/A · INVESTMENTS · DE

  • BEP LEGACY 1C LLC

    N/A · INVESTMENTS · DE

  • WELLINGTON TRUST CO NA - CTF OPP FIXED INC ALLOC II POR

    N/A · INVESTMENTS · DE

  • ENIAC SPECIAL DELTA LLC

    N/A · INVESTMENTS · DE

  • STRATUS SCP III INVESTORS - GAMMA LP

    N/A · INVESTMENTS · UK

  • STRATUS SCP COINVESTMENT II - FIP-M

    N/A · INVESTMENTS · BR

  • MANGUM LLC

    N/A · INVESTMENTS · NC

  • CPF HEARTBEAT HEALTH INV A LLC

    N/A · INVESTMENTS · DE

  • CPF TRIAS INVESTMENT II LLC

    N/A · INVESTMENTS · DE

  • THRIVE CAPITAL PARTNERS IV SEGMENT LLC

    N/A · INVESTMENTS · DE

  • MANGUM III LLC

    N/A · INVESTMENTS · DE

  • MANGUM III LLC - SERIES A

    N/A · INVESTMENTS · DE

  • RALLYDAY LF CO-INVESTORS LP

    N/A · INVESTMENTS · DE

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • DUKE CE LS INC

    C · REAL ESTATE · NC

  • DUKE CE (SEA) PRIVATE LIMITED

    C · SUPPORT · SN

  • DUKE CORP EDU INDIA PRIVATE

    C · CONSULTING · IN

  • DUKE CORPORATE EDUCATION LIM

    C · EDUCATION CONSULTING · UK

  • DUKE CORPORATE EDUCATION RSA

    C · CONSULTING · SF

  • DUKE GLOBAL CONSULTING (KUNSHAN)

    C · CONSULTING · CH

  • DUKE MEDICAL STRATEGIES INC

    C · HEALTHCARE · NC

  • DURHAM CASUALTY COMPANY LTD

    C · INSURANCE · BD

  • GOTHIC INTERNATIONAL LTD

    C · INVESTMENTS · CJ

  • HEALTH SYSTEM MEDICAL STRATEGIES INC

    C · HEALTH CARE · NC

  • MARATHON BLUE CAYMAN FUND

    C · INVESTMENTS · CJ

  • GHI HOLDINGS MAURITIUS

    C · INVESTMENTS · MP

  • GHI ERP LTD

    C · INVESTMENTS · MP

  • GHI HSP LTD

    C · INVESTMENTS · MP

  • GHI JBD LTD

    C · INVESTMENTS · MP

  • GHI LTP LTD

    C · INVESTMENTS · MP

  • MCP PRIVATE CAPITAL (FEEDER) FUND I LP

    C · INVESTMENTS · LU

  • DUKE INDIA SERVICES PRIVATE LIMITED

    C · MEDICAL RESEARCH · IN

  • DUKE GLOBAL GERMANY GMBH

    C · EDUCATION · GM

  • MEDBLUE INCUBATOR INC

    C · CONSULTING · DE

Provenance

Return type
form_990
Tax year
2023
Filed
6 May 2025
IRS schema version
2023v6.0
Source object
202531319349300008

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