American Nurses Foundation Inc
- Assets
- $30.2m
- Revenue
- $5.0m
- Investments
- $0.0
- Employees
- 13
- Location
- Silver Spring, MD
- Founding
- 10/1956
- Data as of
- 12/2023
- EIN
- 13-1893924
Organization Overview
American Nurses Foundation Inc is located in Silver Spring, MD. The organization was established in 1956. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2023, American Nurses Foundation Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American 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 12/2023, American Nurses Foundation Inc generated $5.0m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 11.4% each year . All expenses for the organization totaled $9.9m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, American Nurses Foundation Inc has awarded 154 individual grants totaling $18,775,820. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE GRANTS TO NURSING ORGANIZATIONS & NURSES FOR RESEARCH, EDUCATION, & CLINICAL PRACTICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NURSING GRANTS AND PROGRAM SUPPORT FOR COVID AND DISASTER RELIEF, NURSING WELL-BEING, NURSING INNOVATION AND RESEARCH.
PROGRAM SUPPORT FOR NURSING LEADERSHIP, WELL-BEING, MENTAL HEALTH RECOVERY AND TRANSFORMATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathy Driscoll President | OfficerTrustee | 1 | $0 |
Ena Williams Vice President | OfficerTrustee | 1 | $0 |
Tom Tefft Secretary/treasurer | OfficerTrustee | 1 | $0 |
Paul Abramowitz Trustee | Trustee | 1 | $0 |
Karen Daley Trustee | Trustee | 1 | $0 |
Phyllis Doulaveris Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Orr Group Inc Mgmt Consulting | 12/30/23 | $362,745 |
Commercehouse Lp Advertising Agency | 12/30/23 | $199,925 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $181,117 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,879,060 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,060,177 |
| Total Program Service Revenue | $7,136 |
| Investment income | $928,232 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$35,319 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,960,226 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,205,608 |
| Grants and other assistance to domestic individuals. | $5,214 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $274,280 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $784,923 |
| Pension plan accruals and contributions | $48,232 |
| Other employee benefits | $369,611 |
| Payroll taxes | $67,669 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,800 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $28,304 |
| Fees for services: Other | $1,109,046 |
| Advertising and promotion | $261,081 |
| Office expenses | $66,485 |
| Information technology | $12,543 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $212,073 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $36,615 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $9,915,191 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $367,530 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,935,784 |
| Accounts receivable, net | $3,111 |
| 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 | $9,788 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $23,874,205 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,008,956 |
| Total assets | $30,199,374 |
| Accounts payable and accrued expenses | $268,857 |
| Grants payable | $24,050 |
| Deferred revenue | $832,683 |
| 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 | $1,545,637 |
| Total liabilities | $2,671,227 |
| Net assets without donor restrictions | $3,411,980 |
| Net assets with donor restrictions | $24,116,167 |
| 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 | $30,199,374 |
Grants Awarded
Over the last fiscal year, American Nurses Foundation Inc has awarded $6,195,112 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN ASSOCIATION OF COLLEGES OF NURSING PURPOSE: REIMAGINING NURSING INITIATIVE | $1,004,109 |
AMERICAN NURSES ASSOCIATION PURPOSE: STRYKER INNOVATION AWARD | $620,076 |
BAYCARE HEALTH SYSTEM INC PURPOSE: MENTAL HEALTH-STRESS FIRST AID | $69,338 |
BOSTON COLLEGE PURPOSE: REIMAGINING NURSING INITIATIVE | $392,040 |
CHAMBERLAIN UNIVERSITY LLC PURPOSE: REIMAGINING NURSING INITIATIVE | $360,718 |
CHRISTIANA CARE HEALTH SERVICES INC PURPOSE: REIMAGINING NURSING INITIATIVE | $636,224 |