Frontier Nursing University Inc
- Assets
- $114.2m
- Revenue
- $41.6m
- Investments
- $0.0
- Employees
- 278
- Location
- Versailles, KY
- Founding
- 11/1988
- Data as of
- 04/2023
- EIN
- 61-1124267
Organization Overview
Frontier Nursing University Inc is located in Versailles, KY. The organization was established in 1988. As of 04/2023, Frontier Nursing University Inc employed 278 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Frontier Nursing University 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 04/2023, Frontier Nursing University Inc generated $41.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $40.4m during the year ending 04/2023. While expenses have increased by 8.2% 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
GRADUATE SCHOOL OF NURSING OFFERING COMMUNITY-BASED, DISTANCE EDUCATION PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FRONTIER NURSING UNIVERSITY (FNU) HAS BEEN PROVIDING QUALITY EDUCATION TO NURSES SEEKING ADVANCED DEGREES SINCE 1939. FNU OFFERS A HIGH-QUALITY EDUCATION THAT PREPARES NURSES TO BECOME COMPETENT, ENTREPRENEURIAL, ETHICAL AND COMPASSIONATE NURSE-MIDWIVES AND NURSE PRACTITIONERS WHO WILL PROVIDE PRIMARY CARE FOR WOMEN AND FAMILIES RESIDING IN ALL AREAS, WITH A FOCUS ON RURAL AND MEDICALLY UNDERSERVED POPULATIONS. FNU FULFILLS OUR MISSION BY OPERATING ACCREDITED DISTANCE EDUCATION PROGRAMS, WHICH ALLOW NURSES FROM ACROSS THE NATION TO ACHIEVE THEIR HIGHER EDUCATION DREAMS WITHOUT LEAVING THEIR WORK OR HOME. THE PRIMARY TENET IS HEALTHCARE PROFESSIONALS WHO ARE EDUCATED IN THEIR COMMUNITIES WILL REMAIN TO SERVE THEIR HOME COMMUNITIES.(CONTINUED ON SCHEDULE O)FNU CURRENTLY OFFERS THE FOLLOWING PROGRAMS: - A POST-MASTERS DOCTOR OF NURSING PRACTICE (DNP) DEGREE FOR NURSE PRACTITIONERS AND NURSE-MIDWIVES. - A MASTER OF SCIENCE IN NURSING (MSN) + COMPANION DNP PROGRAM WITH FOUR TRACKS AS OPTIONS: NURSE-MIDWIFE, FAMILY NURSE PRACTITIONER, WOMEN'S HEALTH CARE NURSE PRACTITIONER, AND PSYCHIATRIC MENTAL HEALTH NURSE PRACTITIONER.SINCE ACHIEVING INSTITUTIONAL ACCREDITATION IN 2004, TOTAL ENROLLMENT HAS GROWN FROM 200 STUDENTS TO MORE THAN 2,400 STUDENTS. FRONTIER NURSING UNIVERSITY CONTINUES TO BE THE LEADING SCHOOL IN THE UNITED STATES FOR NURSE- MIDWIFERY EDUCATION, GRADUATING OVER ONE-THIRD OF NEW NURSE-MIDWIVES ANNUALLY. OUR OTHER PROGRAMS CONTINUE TO GROW AND WE HAVE A CADRE OF OVER 8,000 ALUMNI WHO ARE MAKING A DIFFERENCE AS PRIMARY CARE PROVIDERS DAILY IN THE LIVES OF COMMUNITIES NATIONWIDE, PARTICULARLY THOSE IN RURAL AND UNDERSERVED COMMUNITIES. FNU GRADUATES ARE PROVIDING PRIMARY HEALTHCARE TO RURAL AND UNDERSERVED FAMILIES IN EVERY STATE IN THE UNITED STATES AS WELL AS SEVERAL FOREIGN COUNTRIES. THE QUALITY AND ACADEMIC RIGOR OF A FRONTIER NURSING UNIVERSITY EDUCATION ARE EVIDENT IN THE CERTIFICATION PASS RATES OF OUR GRADUATES. CERTIFICATION RESULTS FROM 2021 REVEALED THAT PASS RATES OF THE GRADUATES OF THE FRONTIER FAMILY NURSE PRACTITIONER PROGRAM, NURSE-MIDWIFERY PROGRAM, WOMEN'S HEALTH CARE NURSE PRACTITIONER PROGRAM, AND PSYCHIATRIC-MENTAL HEALTH NURSE PRACTITIONER PROGRAM ALL EXCEEDED NATIONAL AVERAGES. IN ADDITION TO FNU'S FOCUS ON RURAL AND UNDERSERVED POPULATIONS, THE UNIVERSITY HAS MADE A COMMITMENT TO DIVERSITY AND INCLUSION IN NURSE-MIDWIFERY AND NURSE PRACTITIONER EDUCATION. THE GOAL IS TO DIVERSIFY THE HEALTH CARE WORKFORCE WHICH HAS BEEN SHOWN TO IMPROVE HEALTH CARE OUTCOMES. IN 10 YEARS, FNU'S STUDENT OF COLOR POPULATION HAS INCREASED FROM 9% TO 27.8%.FNU HAS ALSO HELD ANNUAL THREE-DAY DIVERSITY IMPACT STUDENT CONFERENCES SINCE THE PRIDE INITIATIVE BEGAN. THE PURPOSE OF THE DIVERSITY IMPACT CONFERENCE IS TO ENSURE THAT NURSE PRACTITIONERS AND NURSE-MIDWIVES UNDERSTAND THE CHALLENGES AND OPPORTUNITIES OFFERED BY DIVERSITY IN RURAL AND UNDERSERVED HEALTHCARE SYSTEMS. MOREOVER, DIVERSITY IMPACT ADVANCES SOLUTIONS TO THE DISPARITIES IN HEALTH CARE OUTCOMES. TO FURTHER DEMONSTRATE ITS ONGOING COMMITMENT TO DIVERSITY AND INCLUSION, FNU CREATED THE POSITION OF CHIEF DIVERSITY AND INCLUSION OFFICER (CDIO) IN 2017. THIS POSITION IS A MEMBER OF THE PRESIDENT'S CABINET AND IS LEADING NOT ONLY EFFORTS TO RECRUIT A DIVERSE STUDENT BODY, BUT ALSO TO ENSURE THAT THE INSTITUTION MAKES PROGRESS TOWARD THE GOAL OF BECOMING AN ANTI-RACIST UNIVERSITY INCLUDING CLIMATE SURVEYS, EDUCATION, AND POLICY INITIATIVES.
ACADEMIC SUPPORT: FRONTIER NURSING UNIVERSITY TAKES A MULTI-LAYERED, COLLABORATIVE APPROACH TO ACADEMIC ADVISING. IN ADDITION TO THE FACULTY WHO ARE WITH STUDENTS EVERY STEP OF THE WAY IN THE COURSEWORK, FNU ASSIGNS EACH STUDENT AN ACADEMIC ADVISOR AND A REGIONAL CLINICAL FACULTY MEMBER (RCF) TO PROVIDE SUPPORT AND DIRECTION FROM THE POINT OF ADMISSION UNTIL THE STUDENT FINISHES THEIR DEGREE.FRONTIER HAS A WIDE NETWORK OF STUDENT SUPPORT, BOTH INTERNALLY AND EXTERNALLY, WHICH COORDINATES TO ENSURE STUDENT SUCCESS. WHETHER STUDENTS ARE STILL IRONING OUT THEIR PROFESSIONAL GOALS, NEED ASSISTANCE LOCATING A PRECEPTOR FOR CLINICALS, OR WANT TO TALK TO(CONTINUED ON SCHEDULE O)SOMEONE ABOUT ADAPTING THEIR COURSE SCHEDULE, AN FNU FACULTY OR STAFF MEMBER IS NEVER FAR AWAY!
STUDENT SERVICES AND RECRUITING EXPENSES: INCLUDES REGISTRAR, FINANCIAL AID ADMINISTRATION, AND ADMISSIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Susan Stone Chief Executive Officer | Officer | 40 | $479,039 |
Joan Slager Dean | Officer | 40 | $181,561 |
Shelley Aldridge Chief Operating Officer | 40 | $149,766 | |
Michael Steinmetz Vice President Of Finance And Facilities, Partial | Officer | 40 | $166,163 |
Jess Calohan Chair Of Psychiatric Mental Health | 40 | $127,375 | |
Paula Alexandar Delpech Chief Diversity And Inclusion Officer | 40 | $138,032 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rodgers Floor Covering Contractor Services | 4/29/23 | $684,428 |
Cignex Datamatics Inc It Consulting And Support | 4/29/23 | $295,000 |
Education Dynamics Llc Contract Labor | 4/29/23 | $451,557 |
Impressions Inc Printing Services | 4/29/23 | $171,810 |
Destiny Llc Contract Labor | 4/29/23 | $176,565 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,028,007 |
| All other contributions, gifts, grants, and similar amounts not included above | $986,197 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,014,204 |
| Total Program Service Revenue | $39,182,660 |
| Investment income | $137,987 |
| 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 | $41,554,362 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,396,550 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,003,996 |
| Compensation of current officers, directors, key employees. | $1,003,996 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $19,386,161 |
| Pension plan accruals and contributions | $1,352,680 |
| Other employee benefits | $3,525,596 |
| Payroll taxes | $1,465,740 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $90,954 |
| Fees for services: Accounting | $64,875 |
| Fees for services: Lobbying | $380 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,715,402 |
| Advertising and promotion | $404,049 |
| Office expenses | $293,569 |
| Information technology | $194,795 |
| Royalties | $0 |
| Occupancy | $192,809 |
| Travel | $737,570 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $573,027 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,662,698 |
| Insurance | $542,534 |
| All other expenses | $939,179 |
| Total functional expenses | $40,416,955 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $11,419,857 |
| Pledges and grants receivable | $162,619 |
| Accounts receivable, net | $1,811,279 |
| 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 | $1,262,833 |
| Net Land, buildings, and equipment | $31,800,603 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $67,776,776 |
| Total assets | $114,233,967 |
| Accounts payable and accrued expenses | $2,703,395 |
| Grants payable | $0 |
| Deferred revenue | $6,525,612 |
| 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 | $13,721,627 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,829,721 |
| Total liabilities | $25,780,355 |
| Net assets without donor restrictions | $78,707,618 |
| Net assets with donor restrictions | $9,745,994 |
| 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 | $114,233,967 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Frontier Nursing University Inc Versailles, KY | $114,233,967 | $41,554,362 |
Lakeview College Of Nursing Danville, IL | $24,700,031 | $2,942,787 |
Central School Of Practical Nursing Inc Independence, OH | $1,208,254 | $2,410,533 |
American Medical Student Association Foundation Mc Lean, VA | $880,366 | $885,253 |
Sub Culture Incorporated Mechanicsville, VA | $39,639 | $0 |
Columbia College Of Nursing Inc St Louis, MO | $0 | $0 |
Emerson And Evelyn Evans & Sons Foundation Rio Grande, OH | $465,176 | $0 |