Nurses Educational Funds Inc
- Assets
- $3.9m
- Revenue
- $397.4k
- Investments
- $0.0
- Employees
- 1
- Location
- Brooklyn, NY
- Founding
- 10/1954
- Data as of
- 08/2022
- EIN
- 13-6122744
Organization Overview
Nurses Educational Funds Inc is located in Brooklyn, NY. The organization was established in 1954. According to its NTEE Classification (E90) the organization is classified as: Nursing, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nurses Educational Funds Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 08/2022, Nurses Educational Funds Inc generated $397.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $352.0k during the year ending 08/2022. While expenses have increased by 6.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE FUNDS FOR NURSING EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS ARE GIVEN FOR ADVANCED NURSING DEGREES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerelyn Weiss Exec. Administrator | 20 | $86,061 | |
Joan Arnold Treasurer | OfficerTrustee | 1 | $0 |
Rebecca Eddy Secretary | OfficerTrustee | 1 | $0 |
Joan Marren President | OfficerTrustee | 1 | $0 |
Cynthia Sculco Vice President | OfficerTrustee | 1 | $0 |
Judith Ann Vessey Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $19,621 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $206,203 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $225,824 |
| Total Program Service Revenue | $0 |
| Investment income | $86,914 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $84,640 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $397,378 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $200,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $86,061 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,087 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,543 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5,443 |
| Information technology | $18,597 |
| Royalties | $0 |
| Occupancy | $1,290 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,869 |
| Insurance | $2,103 |
| All other expenses | $0 |
| Total functional expenses | $352,046 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $419,299 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,003 |
| Net Land, buildings, and equipment | $9,375 |
| Investments—publicly traded securities | $3,435,956 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1 |
| Other assets | $0 |
| Total assets | $3,870,634 |
| Accounts payable and accrued expenses | $17,937 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $17,937 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $3,852,697 |
| Total liabilities and net assets/fund balances | $3,870,634 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Nurses Educational Funds Inc has recieved totaling $30,144.
| Awarding Organization | Amount |
|---|---|
Denver Foundation Denver, CO PURPOSE: GENERAL OPERATING SUPPORT | $30,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $144 |
Endowment Analysis
| Beg. Balance | $71,224 |
| Earnings | $233 |
| Grants | $7,000 |
| Ending Balance | $64,457 |
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|---|---|---|
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Cohen Veterans Bioscience Inc New York, NY | $15,587,351 | $18,082,398 |
Visiting Nurse Association Of Northern New Jersey Inc Morristown, NJ | $36,257,268 | $17,785,984 |
Syracuse Home Association Baldwinsville, NY | $19,266,611 | $17,910,362 |