Massachusetts Nurses Foundation Inc
- Assets
- $469.7k
- Revenue
- $102.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Canton, MA
- Founding
- 01/1982
- Data as of
- 06/2022
- EIN
- 04-2740257
Organization Overview
Massachusetts Nurses Foundation Inc is located in Canton, MA. The organization was established in 1982. 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. Massachusetts Nurses Foundation 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 06/2022, Massachusetts Nurses Foundation Inc generated $102.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.1%) each year. All expenses for the organization totaled $70.5k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (12.5%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE PART III, LINE 1
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS AND GRANTS WERE PROVIDED TO SEVERAL INDIVIDUALS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tina Russell Treasurer | OfficerTrustee | 1 | $0 |
Donna Kelly-Williams President | OfficerTrustee | 1 | $0 |
Beth Amsler Director | Trustee | 1 | $0 |
Kathy Belbin Director | Trustee | 1 | $0 |
Donna Dudik Director | Trustee | 1 | $0 |
Karen Duffy Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $51,606 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $51,606 |
| Total Program Service Revenue | $0 |
| Investment income | $25,934 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $24,549 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $102,089 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $50,500 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,560 |
| 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 | $153 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $37 |
| 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 | $0 |
| Insurance | $863 |
| All other expenses | $0 |
| Total functional expenses | $70,487 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $335,810 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $133,883 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $469,693 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $287,852 |
| Net assets with donor restrictions | $181,841 |
| 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 | $469,693 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Massachusetts Nurses Foundation Inc has recieved totaling $180.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $180 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mount St Rita Health Centre Cumberland, RI | $5,675,483 | $8,504,778 |
Holyoke Visiting Nurse Association Inc Holyoke, MA | $2,945,624 | $6,659,717 |
Penn Yan Manor Nursing Home Inc Penn Yan, NY | $4,647,463 | $3,957,801 |
Middlewoods Of Newington Inc Shelton, CT | $6,037,595 | $3,083,913 |
Infusion Nurses Society Inc Norwood, MA | $5,296,004 | $2,609,799 |
Spectrum Home Health And Hospice Care Inc Longmeadow, MA | $823,258 | $2,491,795 |
Hiram Certified Home Care Company Utica, NY | $2,546,873 | $2,234,075 |
North Road Lhcsa Inc Valhalla, NY | $116,572 | $922,116 |
South Cove Manor Nursing And Rehabilitation Center Qalicb Inc Quincy, MA | $0 | $1,013,112 |
German Old Folks Home Inc Lawrence, MA | $634,828 | $1,123,403 |
New York State Coalition Of Nurse Practitioners Inc Clifton Park, NY | $395,155 | $821,762 |
Organization Of Nurse Leaders Inc Whitinsville, MA | $612,749 | $713,631 |