Institute For Nursing Inc
- Assets
- $980.5k
- Revenue
- $792.0k
- Investments
- $0.0
- Employees
- 6
- Location
- Trenton, NJ
- Founding
- 09/1986
- Data as of
- 05/2024
- EIN
- 22-2259791
Organization Overview
Institute For Nursing Inc is located in Trenton, NJ. The organization was established in 1986. As of 05/2024, Institute For Nursing Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Institute For Nursing 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 05/2024, Institute For Nursing Inc generated $792.0k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $840.9k during the year ending 05/2024. As we would expect to see with falling revenues, expenses have declined by (1.2%) per year over the past 9 years. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE PROFESSION OF NURSING, ADVANCE THE PRACTICE OF NURSING AND ADVOCATE FOR NURSES. THE MISSION IS ACHIEVED THROUGH THE ACTIVITIES OF ITS MEMBERS IN EDUCATION, POLICY DEVELOPMENT, LEADERSHIP, PROFESSIONAL REPRESENTATION, AND WORKPLACE ADVOCACY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE RECOVERY AND MONITORING PROGRAM (RAMP) WAS ESTABLISHED IN 2003 AS AN ALTERNATIVE TO DISCIPLINE PROGRAM, MANAGED BY THE INSTITUTE FOR NURSING FOR THE NEW JERSEY BOARD OF NURSING. RAMP IS A CONFIDENTIAL, VOLUNTARY PROGRAM THAT WORKS WITH THE BOARD OF NURSING, EMPLOYERS AND NURSES TO ENSURE PUBLIC SAFETY, SAFE PRACTICE AND HEALTH. IT IS DESIGNED TO ENCOURAGE HEALTH PROFESSIONALS TO SEEK A RECOVERY PROGRAM BEFORE THEIR IMPAIRMENT HARMS A PATIENT OR DAMAGES THEIR CAREERS THROUGH A DISCIPLINARY ACTION. THE NEW JERSEY STATE BOARD OF NURSING REFERS NURSES WHO QUALIFY TO RAMP FOR MONITORING AS AN ALTERNATIVE TO DISCIPLINARY ACTION. RAMP PARTICIPATION IS ALSO PART OF THE REINSTATEMENT PROCESS FOR NURSES WITH A LICENSING ACTION. THE INSTITUTE IS DEDICATED TO PROLIFERATION OF HIGH QUALITY CONTINUING NURSING EDUCATION AND PROFESSIONAL DEVELOPMENT. THE MISSION OF NJSNA IS TO PROMOTE THE PROFESSION OF NURSING, ADVANCE THE PRACTICE OF NURSING AND ADVOCATE FOR NURSES NJSNA ACHIEVES ITS MISSION THROUGH EDUCATION, POLICY DEVELOPMENT, LEADERSHIP,PROFESSIONAL REPRESENTATION, AND WORKPLACE ADVOCACY REPRESENTATION, AND WORKPLACE ADVOCACY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Judt Schmidt CEO | OfficerTrustee | 17 | $0 |
Margaret Daingerfield Chair | OfficerTrustee | 0.5 | $0 |
Dely Go Vice Chair | OfficerTrustee | 0.5 | $0 |
Dan Misa Treasurer | OfficerTrustee | 0.5 | $0 |
Edward Allison Trustee | Trustee | 0.5 | $0 |
Kate Gillespie Trustee | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $25,135 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $32,070 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $57,205 |
| Total Program Service Revenue | $585,701 |
| Investment income | $12,346 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $91,725 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $17,511 |
| Net Income from Gaming Activities | $11,612 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $791,973 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $23,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $41,951 |
| Compensation of current officers, directors, key employees. | $4,195 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $499,472 |
| Pension plan accruals and contributions | $14,915 |
| Other employee benefits | $17,333 |
| Payroll taxes | $44,307 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,538 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $75,098 |
| Advertising and promotion | $12,210 |
| Office expenses | $3,124 |
| Information technology | $8,343 |
| Royalties | $0 |
| Occupancy | $35,465 |
| Travel | $181 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,567 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,627 |
| Insurance | $6,104 |
| All other expenses | $0 |
| Total functional expenses | $840,927 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,196 |
| Savings and temporary cash investments | $84,924 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $58,960 |
| 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 | $0 |
| Net Land, buildings, and equipment | $340,370 |
| Investments—publicly traded securities | $483,049 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $980,499 |
| Accounts payable and accrued expenses | $40,031 |
| 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 | $112,152 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,053,939 |
| Total liabilities | $1,206,122 |
| Net assets without donor restrictions | -$545,081 |
| Net assets with donor restrictions | $319,458 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $980,499 |