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Nonprofiteer
← VISITING NURSE FOUNDATION

Form 990 for tax year 2022

Filed by VISITING NURSE FOUNDATION.

Totals

Total revenue
$682,104
Total expenses
$730,230
Contributions and grants received
$300,782
Grants paid
$88,650
Program service revenue
$0
Investment income
$391,956
Other revenue
-$10,634
Total assets, end of year
$19,584,732
Total liabilities, end of year
$17,399,615
Net assets or fund balances, end of year
$2,185,117
Program services expenses (Part IX)
$437,885
Management and general expenses
$88,686
Fundraising expenses
$203,659
Program service expenses (Part III)
$437,885

Program services were 60.0% 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.

  • 1c · Fundraising events

    $115,307

  • 1d · Related organizations

    $86,650

  • 1f · All other contributions, gifts and grants

    $98,825

  • 3 · Investment income

    total $564,928 · excluded $564,928

  • 7a · Gross sales of assets other than inventory

    securities $1,973,577

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

    securities $2,146,549

  • 7c · Gain or loss

    securities -$172,972

  • 7d · Net gain or loss

    total -$172,972 · excluded -$172,972

  • 8a · Fundraising events: gross income

    $51,495

  • 8a · Fundraising events: contributions included on line 1c

    $115,307

  • 8b · Fundraising events: direct expenses

    $62,129

  • 8c · Net income from fundraising events

    total -$10,634 · excluded -$10,634

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $88,650 · program services $88,650

  • 11a · Fees: management

    total $582,058 · program services $349,235 · management and general $87,308 · fundraising $145,515

  • 11f · Fees: investment management

    total $1,378 · management and general $1,378

  • 12 · Advertising and promotion

    total $10,520 · fundraising $10,520

  • 13 · Office expenses

    total $36,366 · fundraising $36,366

  • 16 · Occupancy

    total $1,320 · fundraising $1,320

  • 17 · Travel

    total $3,510 · fundraising $3,510

  • 19 · Conferences, conventions and meetings

    total $5,604 · fundraising $5,604

  • 24a · Other expenses: DUES AND SUBSCRIPTIONS

    total $824 · fundraising $824

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $187,527 · end of year $161,153

  • 2 · Savings and temporary cash investments

    beginning of year $29,994 · end of year $25,409

  • 3 · Pledges and grants receivable

    beginning of year $20,574 · end of year $569

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,555 · end of year $2,000

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

    $3,000

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $3,000 · end of year $3,000

  • 11 · Investments: publicly traded securities

    beginning of year $11,237,860 · end of year $19,392,601

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,474 · end of year $6,000

  • 25 · Other liabilities

    beginning of year $6,070,482 · end of year $17,393,615

  • 27 · Net assets without donor restrictions

    beginning of year $4,697,214 · end of year $1,500,677

  • 28 · Net assets with donor restrictions

    beginning of year $711,340 · end of year $684,440

Mission and programs · 2022

Mission

DELIVERING COMMUNITY-BASED CARE THAT PROVIDES PEACE OF MIND, QUALITY OF LIFE AND INDEPENDENCE.

Activities or mission (Part I)

TO AID VISITING NURSE ASSOCIATION OF THE MIDLANDS AND VISITING NURSE HEALTH SERVICES BY THE SOLICITATION OF GIFTS, GRANTS, DEVICES AND BEQUESTS EXCLUSIVELY FOR THE USE OF THE ORGANIZATIONS OR THEIR PROGRAMS AND SERVICES. THE VISITING NURSE ASSOCIATION OF THE MIDLANDS PROVIDES HEALTHCARE SERVICES ON A NONDISCRIMINATORY BASIS AND IN AN ENVIRONMENT WHICH IS RESPONSIVE TO THE UNIQUE NEEDS OF ITS PATIENTS. VISITING NURSE HEALTH SERVICES PROVIDES SERVICES IN THE FOLLOWING AREAS ON A NONDISCRIMINATORY BASIS: PUBLIC HEALTH NURSING, COMMUNITY CLINICS AND SCHOOL HEALTH. THE MISSION OF THESE ORGANIZATIONS IS TO DELIVER COMMUNITY-BASED CARE THAT PROVIDES PEACE OF MIND, QUALITY OF LIFE AND INDEPENDENCE.

  • PROVIDE SUPPORT FOR VISITING NURSE HEALTH SERVICES VIA CONTRIBUTION, GIFTS, ETC.

    Expenses $371,626 · Grants $86,650

  • PROVIDE SUPPORT FOR VISITING NURSE ASSOCIATION OF POTTAWATTAMIE CITY, IA VIA CONTRIBUTIONS, GIFTS, ETC.

    Expenses $66,259 · Grants $2,000

As filed on the 2022 return.

Listed in Part VII

  • James Summerfelt

    PRESIDENT & CEO

    Total calculated
    $353,035
    From this org
    $0
    From related orgs
    $322,046
    Other
    $30,989
    Hours/week
    5 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $281,386 related
    Bonus
    $0 + $39,115 related
    Other
    $0 + $1,545 related
    Deferred
    $0 + $7,371 related
    Nontaxable benefits
    $0 + $23,618 related
    Filer's total
    $0 + $353,035 related

  • David Vanlandingham

    VP FINANCE/CFO

    Total calculated
    $183,463
    From this org
    $0
    From related orgs
    $165,941
    Other
    $17,522
    Hours/week
    5 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $164,555 related
    Bonus
    $0
    Other
    $0 + $1,386 related
    Deferred
    $0 + $5,122 related
    Nontaxable benefits
    $0 + $12,400 related
    Filer's total
    $0 + $183,463 related

  • Jason Hansen

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Elizabeth Murphy

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Sean Winekauf

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Richard Secor

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 5 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

The filer's explanations (Part III)

PART I, LINE 3
THE VISITING NURSE FOUNDATION (VNF) DOES NOT PAY COMPENSATION TO A CEO OR EXECUTIVE DIRECTOR. VISITING NURSE ASSOCIATION OF THE MIDLANDS (VNAM) PAYS THE COMPENSATION OF JAMES SUMMERFELT WHO SERVES AS THE TOP MANAGEMENT OFFICIAL OF VISITING NURSE FOUNDATION. VNAM UTILIZED THE FOLLOWING FOR DETERMINING HIS COMPENSATION: FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION SURVEY AND APPROVAL BY THE BOARD.

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
2022
Filed
24 October 2023
IRS schema version
2022v5.0
Source object
202342999349301264

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