Nurses Educational Funds Inc
- Assets
- $3.7m
- Revenue
- $384.5k
- Investments
- $0.0
- Employees
- 1
- Location
- Brooklyn, NY
- Founding
- 10/1954
- Data as of
- 08/2023
- 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 08/2023, Nurses Educational Funds Inc generated $384.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $407.7k during the year ending 08/2023. While expenses have increased by 7.2% per year over the past 8 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
2023
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 |
|---|---|---|---|
Allison Adams Director | Trustee | 1 | $0 |
Joan Arnold Director | Trustee | 1 | $0 |
Judith Ann Vessey Director | Trustee | 1 | $0 |
Natalia Cineas Director | Trustee | 1 | $0 |
Michele Crespo-Fierro Director | Trustee | 1 | $0 |
Edwidge Thomas Vice President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | -$8,348 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $205,792 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $197,444 |
| Total Program Service Revenue | $0 |
| Investment income | $116,868 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $70,189 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $384,501 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $251,000 |
| 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 | $7,031 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,680 |
| Fees for services: Accounting | $23,423 |
| 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 | $3,277 |
| Information technology | $24,015 |
| Royalties | $0 |
| Occupancy | $1,287 |
| 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 | $6,243 |
| Insurance | $2,333 |
| All other expenses | $0 |
| Total functional expenses | $407,733 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $144,000 |
| 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 | $3,773 |
| Net Land, buildings, and equipment | $5,281 |
| Investments—publicly traded securities | $3,589,492 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1 |
| Other assets | $0 |
| Total assets | $3,742,547 |
| Accounts payable and accrued expenses | $34,177 |
| 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 | $34,177 |
| 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 | $3,708,370 |
| Total liabilities and net assets/fund balances | $3,742,547 |