Medical-Surgical Nursing Certification Board Inc
- Assets
- $3.4m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 07/2008
- Data as of
- 12/2023
- EIN
- 20-1448697
Organization Overview
Medical-Surgical Nursing Certification Board Inc is located in Chicago, IL. The organization was established in 2008. According to its NTEE Classification (G03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Medical-Surgical Nursing Certification Board Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Medical-Surgical Nursing Certification Board Inc generated $2.2m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $2.1m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.3%) 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP, ADMINISTER AND EVALUATE A PROGRAM FOR THE CERTIFICATION OF MEDICAL-SURGICAL NURSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MANAGEMENT FOR THE DEVELOPMENT AND ADMINISTRATION OF A PROGRAM TO CERTIFY MEDICAL-SURGICAL NURSES.
FINANCIAL SUPPORT TO THE ACADEMY OF MEDICAL SURGICAL NURSES TO MEET ITS GOAL AND OBJECTIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Westley Foster President | OfficerTrustee | 5 | $0 |
Cynthia Frazer Treasurer | OfficerTrustee | 2 | $0 |
Kim Lipsey Public Member | Trustee | 2 | $0 |
Kaitlin Scruggs Emerging Professional | OfficerTrustee | 2 | $0 |
Marisa Streelman Ex-Officio Member | Trustee | 2 | $0 |
Cathryn Kelly Secretary | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aj Jannetti Inc Various Management Related Services | 12/30/23 | $695,333 |
Smithbucklin Various Management Related Services | 12/30/23 | $457,161 |
Prometric Llc Educational Testing Services | 12/30/23 | $435,908 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,099,288 |
| Investment income | $117,597 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$43,467 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,177,511 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $94,992 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $106,304 |
| Fees for services: Legal | $13,604 |
| Fees for services: Accounting | $34,832 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $12,100 |
| Office expenses | $10,310 |
| Information technology | $40,863 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,634 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $59,904 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $45,584 |
| Insurance | $0 |
| All other expenses | $206,489 |
| Total functional expenses | $2,071,716 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $168,946 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $147,313 |
| 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 | $203,439 |
| Net Land, buildings, and equipment | $213,326 |
| Investments—publicly traded securities | $2,708,705 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,441,729 |
| Accounts payable and accrued expenses | $183,403 |
| Grants payable | $0 |
| Deferred revenue | $83,109 |
| 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 | $112,201 |
| Total liabilities | $378,713 |
| Net assets without donor restrictions | $3,063,016 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $3,441,729 |