Patty Hanks Shelton School Of Nursing is located in Abilene, TX. The organization was established in 2006. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 05/2024, Patty Hanks Shelton School Of Nursing employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Patty Hanks Shelton School Of Nursing 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, Patty Hanks Shelton School Of Nursing generated $1.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.3%) each year. All expenses for the organization totaled $2.3m during the year ending 05/2024. As we would expect to see with falling revenues, expenses have declined by (3.5%) per year over the past 8 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 EDUCATE BACCALAUREATE AND ADVANCED PRACTICE NURSES FOR CHRISTIAN SERVICE AND LEADERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PATTY HANKS SHELTON SCHOOL OF NURSING (PHSSN), A CONSORTIUM OF HARDIN-SIMMONS UNIVERSITY AND MCMURRY UNIVERSITY, IS COMMITTED TO PREPARING NURSING STUDENTS FOR CHRISTIAN LEADERSHIP AND SERVICE THROUGHOUT TEXAS, THE NATION AND THE WORLD. PHSSN PROVIDES STUDENTS WITH 2 PATHWAYS TOWARDS COMPLETING A BSN DEGREE: A TRADITIONAL 4 YEAR BSN AND AN ONLINE RN-TO-BSN ARTICULATION PROGRAM DESIGNED FOR ALREADY LICENSED NURSES TO ADVANCE THEIR NURSING TO THE BSN LEVEL. PHSSN OFFERS 2 OPTIONS FOR AN MSN - ONE TRACK FOR FAMILY NURSE PRACTITIONER AND ONE TRACK FOR MSN-EDUCATION. THROUGH FAITH, COMMITMENT, PERSEVERANCE AND INTERDISCIPLINARY COLLABORATION, STUDENTS ARE PROVIDED THE OPPORTUNITY TO EXPAND THEIR UNDERSTANDING OF HEALTH, ENVIRONMENT, PERSON, AND NURSING.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Name Not Listed Chairwoman | OfficerTrustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $13,688 |
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 | $13,688 |
Total Program Service Revenue | $1,772,591 |
Investment income | $85,524 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,892,415 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $2,000 |
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 | $1,328,224 |
Pension plan accruals and contributions | $35,597 |
Other employee benefits | $153,959 |
Payroll taxes | $98,594 |
Fees for services: Management | $116,609 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $31,345 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $27,257 |
Office expenses | $307,319 |
Information technology | $54,816 |
Royalties | $0 |
Occupancy | $92,873 |
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 | $46,012 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $2,294,605 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $88,942 |
Savings and temporary cash investments | $364,330 |
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 | $49,100 |
Net Land, buildings, and equipment | $207,981 |
Investments—publicly traded securities | $0 |
Investments—other securities | $1,826,872 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $22,707 |
Total assets | $2,559,932 |
Accounts payable and accrued expenses | $310,615 |
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 | $29,507 |
Total liabilities | $340,122 |
Net assets without donor restrictions | $2,219,810 |
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 | $2,559,932 |
Over the last fiscal year, Patty Hanks Shelton School Of Nursing has awarded $2,000,000 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
HARDIN-SIMMONS UNIVERSITY PURPOSE: Education | $1,000,000 |
MCMURRY UNIVERSITY PURPOSE: Education | $1,000,000 |