Nursing Practice Corporation
- Assets
- $5.9m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 59
- Location
- Detroit, MI
- Founding
- 11/2000
- Data as of
- 09/2023
- EIN
- 38-2486995
Organization Overview
Nursing Practice Corporation is located in Detroit, MI. The organization was established in 2000. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 09/2023, Nursing Practice Corporation employed 59 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nursing Practice Corporation 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 09/2023, Nursing Practice Corporation generated $2.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $2.8m during the year ending 09/2023. While expenses have increased by 4.9% 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
NURSING PRACTICE CORPORATION (NPC) IS A NONPROFIT CORPORATION ESTABLISHED TO PROVIDE HEALTH CARE SERVICES TO THE SICK AND INJURED, WITHOUT REGARD TO RACE, COLOR, CREED, SEX, AGE, OR ABILITY TO PAY FOR SERVICES. SPECIFICALLY, NPC OPERATES THE CAMPUS HEALTH CENTER ON WAYNE STATE UNIVERSITY (WSU) CAMPUS, PROVIDING HEALTH CARE SERVICES TO THE WSU COMMUNITY. NPC ALSO PROVIDES EDUCATIONAL AND TRAINING OPPORTUNITIES TO UNDERGRADUATE AND GRADUATE NURSING STUDENTS AT WSU COLLEGE OF NURSING, AS WELL AS OTHER WSU DEGREE STUDENTS REQUIRING INTERNSHIP EXPERIENCES. FINALLY, NPC ASSISTS THE WSU COLLEGE OF NURSING IN MEETING THE COLLEGE'S PRIMARY GOALS OF IMPROVED EDUCATION, RESEARCH AND RELATED PATIENT CARE BY SUPPORTING, FINANCIALLY AND OTHERWISE, PROGRAMS AT THE COLLEGE OF NURSING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NURSING PRACTICE CORPORATION IS A NON-PROFIT NURSE-MANAGED FACILITY. THE PURPOSE OF THE CORPORATION IS TO PROVIDE NURSING SERVICES TO WAYNE STATE UNIVERSITY ("WSU") STUDENTS, EDUCATIONAL AND TRAINING OPPORTUNITIES TO NURSING STUDENTS AT WSU COLLEGE OF NURSING, AND OPPORTUNITIES TO CONDUCT SCIENTIFIC INVESTIGATIONS AND RESEARCH SO THAT THIS KNOWLEDGE MAYBE DISSEMINATED THROUGH PUBLIC AND PROFESSIONAL CHANNELS. THESE AMOUNTS REPRESENT THE EXPENDITURES OF SALARIES, MEDICAL AND OTHER SUPPLIES, AND OVERHEAD EXPENSES INCURRED IN RUNNING THE CAMPUS HEALTH CENTER AT WAYNE STATE UNIVERSITY. THIS PROGRAM IS THE LARGEST PROGRAM OPERATED BY NPC, AND CONSISTS OF IN-CLINIC MEDICAL VISITS, OFF-LOCATION SPECIALTY CLINICS (FLU CLINICS, TB TESTING CLINICS, ETC.), AND SPECIAL PROGRAMS AIMED AT FURTHERING THE HEALTHCARE OF WAYNE STATE UNIVERSITY STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laurie Lauzon-Clabo President | OfficerTrustee | 2 | $0 |
Dr Ramona A Benkert Vice President | OfficerTrustee | 2 | $0 |
Dr Katherine Balint Treasurer | OfficerTrustee | 2 | $0 |
Dr Nancy Hauff Secretary | OfficerTrustee | 2 | $0 |
Dr Nancy M George Director | Trustee | 1 | $0 |
Dr Stefan Smolenski Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,962,844 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $387,566 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,350,410 |
| Total Program Service Revenue | $413,345 |
| Investment income | $94,813 |
| 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 | $2,858,568 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $330,998 |
| Compensation of current officers, directors, key employees. | $91,773 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,248,617 |
| Pension plan accruals and contributions | $38,724 |
| Other employee benefits | $145,158 |
| Payroll taxes | $128,666 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $20,123 |
| Fees for services: Other | $39,595 |
| Advertising and promotion | $21,807 |
| Office expenses | $20,085 |
| Information technology | $53,218 |
| Royalties | $0 |
| Occupancy | $262,303 |
| 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 | $99,041 |
| Insurance | $40,704 |
| All other expenses | $0 |
| Total functional expenses | $2,780,928 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,937,658 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $471,346 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $72,734 |
| Prepaid expenses and deferred charges | $57,139 |
| Net Land, buildings, and equipment | $1,210,975 |
| Investments—publicly traded securities | $2,141,282 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,891,134 |
| Accounts payable and accrued expenses | $131,838 |
| Grants payable | $22,600 |
| 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 | $732,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $886,438 |
| Net assets without donor restrictions | $5,004,696 |
| 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 | $5,891,134 |