Civic Intelligence

Nurses Educational Funds Inc.

990 • Fiscal year 2014 • EIN 13-6122744

Sep 01, 2013 to Aug 31, 2014 • Filed on Oct 22, 2014

304 Park Avenue South10010-5339

(212) 590-2443

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

41st percentile

0.08x

Higher debt load relative to assets than 41% of similar nonprofits.

2014 filings • NTEE E • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

78th percentile

0.62x

Higher debt load relative to revenue than 78% of similar nonprofits.

2014 filings • NTEE E • $1M-$5M nonprofits • Source year 2014

Net Margin

14th percentile

-25%

Higher net margin than 14% of similar nonprofits.

2014 filings • NTEE E • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

36th percentile

$38,235

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 22.9% of source-year revenue.

2014 filings • NTEE E • $1M-$5M nonprofits • Source year 2014

Asset Growth

31st percentile

-2.6%

Faster asset growth than 31% of similar nonprofits.

2014 filings • NTEE E • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

11th percentile

-26%

Faster revenue growth than 11% of similar nonprofits.

2014 filings • NTEE E • $1M-$5M nonprofits • Annualized from 2013 to 2014

Assets

Down

$1,225,148

Down $32,552 (-2.6%) from 2013

Net Assets

Down

$1,121,398

Down $42,502 (-3.7%) from 2013

Liabilities

Up

$103,750

Up $9,950 (+11%) from 2013

Revenue

Down

$167,326

Down $58,832 (-26%) from 2013

Expenses

Down

$209,825

Down $5,767 (-2.7%) from 2013

Net Income

Down

-$42,499

Down $53,065 (-502%) from 2013

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2011: $1,296,051Liabilities 2011: $78,811Net Assets 2011: $1,217,2402011Assets 2012: $1,227,333Liabilities 2012: $74,000Net Assets 2012: $1,153,3332012Assets 2013: $1,257,700Liabilities 2013: $93,800Net Assets 2013: $1,163,9002013Assets 2014: $1,225,148Liabilities 2014: $103,750Net Assets 2014: $1,121,3982014Assets 2015: $1,335,010Liabilities 2015: $104,750Net Assets 2015: $1,230,2602015Assets 2016: $3,189,320Liabilities 2016: $0Net Assets 2016: $3,189,3202016Assets 2017: $3,196,976Liabilities 2017: $6,000Net Assets 2017: $3,190,9762017Assets 2018: $3,515,184Liabilities 2018: $0Net Assets 2018: $3,515,1842018Assets 2019: $3,522,846Liabilities 2019: $5,015Net Assets 2019: $3,517,8312019Assets 2020: $3,450,398Liabilities 2020: $16,550Net Assets 2020: $3,433,8482020Assets 2021: $4,187,260Liabilities 2021: $23,325Net Assets 2021: $4,163,9352021Assets 2022: $3,870,634Liabilities 2022: $17,937Net Assets 2022: $3,852,6972022Assets 2023: $3,742,547Liabilities 2023: $34,177Net Assets 2023: $3,708,3702023Assets 2024: $4,160,569Liabilities 2024: $64,525Net Assets 2024: $4,096,0442024

Highlighted filing

2014

Assets$1,225,148
Liabilities$103,750
Net Assets$1,121,398

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$800K$600K$400K$200K$0-$200KRevenue 2011: $247,652Expenses 2011: $162,189Net Income 2011: $85,4632011Revenue 2012: $107,330Expenses 2012: $171,235Net Income 2012: -$63,9052012Revenue 2013: $226,158Expenses 2013: $215,592Net Income 2013: $10,5662013Revenue 2014: $167,326Expenses 2014: $209,825Net Income 2014: -$42,4992014Revenue 2015: $326,780Expenses 2015: $217,918Net Income 2015: $108,8622015Revenue 2016: $238,342Expenses 2016: $233,616Net Income 2016: $4,7262016Revenue 2017: $153,215Expenses 2017: $231,870Net Income 2017: -$78,6552017Revenue 2018: $390,223Expenses 2018: $237,537Net Income 2018: $152,6862018Revenue 2019: $672,122Expenses 2019: $251,795Net Income 2019: $420,3272019Revenue 2020: $488,578Expenses 2020: $282,364Net Income 2020: $206,2142020Revenue 2021: $381,032Expenses 2021: $297,714Net Income 2021: $83,3182021Revenue 2022: $397,378Expenses 2022: $352,046Net Income 2022: $45,3322022Revenue 2023: $384,501Expenses 2023: $407,733Net Income 2023: -$23,2322023Revenue 2024: $540,516Expenses 2024: $453,222Net Income 2024: $87,2942024

Highlighted filing

2014

Revenue$167,326
Expenses$209,825
Net Income-$42,499
Jump To
Filing Snapshot
Filing Period
Sep 1, 2013 to Aug 31, 2014
Signed
Oct 22, 2014
Return Version
2013v3.1
Gross Receipts
$414,020
Mission and Program Overview

Mission

Provide funds for nursing education

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,163,900$1,121,398▼ $42,502
Investments in Publicly Traded Securities$1,017,406$973,221▼ $44,185
Savings and Temporary Cash Investments$231,085$243,981▲ $12,896
Prepaid Expenses and Deferred Charges$3,854$5,125▲ $1,271
Accounts Receivable$2,820$2,820→ $0
Land, Buildings, and Equipment, Net$2,534--
Intangible Assets$1$1→ $0
Total Assets$1,257,700$1,225,148▼ $32,552
Liabilities
Grants Payable$93,800$99,750▲ $5,950
Deferred Revenue-$4,000-
Total Liabilities$93,800$103,750▲ $9,950
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,163,900$1,121,398▼ $42,502
Total Liabilities and Net Assets / Fund Balance$1,257,700$1,225,148▼ $32,552

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$23,702$23,702

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2013$110,379-▲ $33-$110,412
2012$114,327-▲ $52-$110,379
2011$117,714-▲ $113-$114,327
2010$121,437-▲ $277-$117,714
2009$125,197-▲ $240-$121,437
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Maria TantilloOffice StaffPT$38,235$38,235

Board Members and Trustees

NameTitle
Susan Bowar-ferresPresident
Cynthia SculcoVice President
Rosanne RasoSecretary
Joan ArnoldTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$68,961
Program Service Revenue
$0
Investment Income
$98,365
Other Revenue
$0
All Other Contributions
$68,961
Change in Net Assets
$-42,499
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$101,000
Other Expenses$60,494
Salaries, Compensation, and Employee Benefits$48,331
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$101,000--$101,000
Other Salaries and Wages$0$39,626$0$39,626
Occupancy$0$25,716$0$25,716
Fees for Services Accounting$0$12,393$0$12,393
Pension Plan Contributions$0$4,641$0$4,641
Other Employee Benefits$0$4,064$0$4,064
Other Expenses$0$3,317$0$3,317
All Other Expenses$0$3,235$0$3,235
Office Expenses$0$3,216$0$3,216
Depreciation Depletion$0$2,534$0$2,534
Insurance$0$1,569$0$1,569
Fees for Service Investment Mgmnt Fees$0$150$0$150
Total Functional Expenses$101,000$108,825$0$209,825
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

EIN
13-6122744
Phone
2125902443

Signing Officer

Name
Joan Arnold
Title
Treasurer
Phone
2125902443
Signed
2014-10-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joan Arnold
Formed
1956
Legal Domicile
Ny
Voting Board Members
30
Independent Board Members
30
Employees
1
Volunteers
0

Preparer

Preparer
Martin D Kortjohn
Phone
8455781600
Supplemental Narrative

Additional Explanations

Pt VI, Line 15A

None of the officers or board members receive any

Pt VI, Line 15A

Compensation. The salary of the office secretary

Pt VI, Line 15A

Is approved by the board.

Pt VI, Line 11B

Board members have been notified that the form is available

Pt VI, Line 11B

For their review in the company office, or will be

Pt VI, Line 11B

Sent to them if requested.

Pt VI, Line 19

Interested parties may make written requests to

Pt VI, Line 19

THE COMPANY OFFICE.

Pt VI, Line 15B

The only employee is the office secretary. Her

Pt VI, Line 15B

Salary is approved by the board

Form 990EZ, Part I, Line 16

SCHEDULE ATTACHED

Form 990EZ, Part II, Line 24

PREPAIDS INVESTMENTS

Form 990EZ, Part II, Line 26

Accounts payable & accrued expenses grants payable

Form 990, Part IX, Line 24F

MISCELLANEOUS

Raw XML AppendixShowing 400 of 416 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt050702
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt034500
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt044025
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0280802
IRS990ScheduleA/TotalSupportAmt0639792
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0110379
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0110412
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt033
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0114327
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0110379
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt04000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt052
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0117714
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0114327
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt03500
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0113
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0121437
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0117714
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt04000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0277
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0125197
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0121437
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt04000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0240
IRS990ScheduleD/EquipmentGrp/DepreciationAmt023702
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt023702
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0101000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIP GRANTS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0NONE
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt035
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0CASH
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0SCHOLARSHIP WINNERS ARE REQUIRED TO PROVIDE TUITION BILLS.
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL SENDS A CERTIFICATION OF ENROLLMENT, AND A COPY OF
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt2THE TRANSCRIPT DIRECTLY TO THE CORPORATION.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt I Line 2
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt I Line 2
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt I Line 2
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NONE OF THE OFFICERS OR BOARD MEMBERS RECEIVE ANY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1COMPENSATION. THE SALARY OF THE OFFICE SECRETARY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2IS APPROVED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOARD MEMBERS HAVE BEEN NOTIFIED THAT THE FORM IS AVAILABLE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FOR THEIR REVIEW IN THE COMPANY OFFICE, OR WILL BE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5SENT TO THEM IF REQUESTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6INTERESTED PARTIES MAY MAKE WRITTEN REQUESTS TO
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE COMPANY OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE ONLY EMPLOYEE IS THE OFFICE SECRETARY. HER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9SALARY IS APPROVED BY THE BOARD
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10SCHEDULE ATTACHED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11PREPAIDS INVESTMENTS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12ACCOUNTS PAYABLE & ACCRUED EXPENSES GRANTS PAYABLE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13MISCELLANEOUS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Form 990EZ, Part II, Line 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Form 990, Part IX, Line 24f
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0true
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01257700
IRS990/TotalAssetsEOYAmt01225148
IRS990/TotalAssetsGrp/BOYAmt01257700
IRS990/TotalAssetsGrp/EOYAmt01225148
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt068961
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0108825
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0101000
IRS990/TotalFunctionalExpensesGrp/TotalAmt0209825
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt093800
IRS990/TotalLiabilitiesEOYAmt0103750
IRS990/TotalLiabilitiesGrp/BOYAmt093800
IRS990/TotalLiabilitiesGrp/EOYAmt0103750
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01163900
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01121398
IRS990/TotalProgramServiceExpensesAmt0101000
IRS990/TotalReportableCompFromOrgAmt038235
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt098365
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0167326
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01257700
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01225148
IRS990/TransactionWithControlEntInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine103 WOODHOLLOW LA
IRS990/USAddress/City0OLD BROOKVILLE
IRS990/USAddress/State0NY
IRS990/USAddress/ZIPCode011545
IRS990/VotingMembersGoverningBodyCnt030
IRS990/VotingMembersIndependentCnt030
IRS990/WebsiteAddressTxt0[email protected]
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JOAN ARNOLD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum02125902443
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-10-22
ReturnHeader/Filer/BusinessName/BusinessNameLine10NURSES' EDUCATIONAL FUNDS INC
ReturnHeader/Filer/BusinessNameControlTxt0NURS
ReturnHeader/Filer/EIN0136122744
ReturnHeader/Filer/PhoneNum02125902443
ReturnHeader/Filer/USAddress/AddressLine10304 PARK AVENUE SOUTH
ReturnHeader/Filer/USAddress/City0NEW YORK

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.16$0.06$4.10$0.54$0.45$0.09
2023Detailed filing. Detailed filing data is available for this year.$3.74$0.03$3.71$0.38$0.41$0.02
2022Detailed filing. Detailed filing data is available for this year.$3.87$0.02$3.85$0.40$0.35$0.05
2021Detailed filing. Detailed filing data is available for this year.$4.19$0.02$4.16$0.38$0.30$0.08
2020Detailed filing. Detailed filing data is available for this year.$3.45$0.02$3.43$0.49$0.28$0.21
2019Detailed filing. Detailed filing data is available for this year.$3.52$0.01$3.52$0.67$0.25$0.42
2018Detailed filing. Detailed filing data is available for this year.$3.52$0.00$3.52$0.39$0.24$0.15
2017Detailed filing. Detailed filing data is available for this year.$3.20$0.01$3.19$0.15$0.23$0.08
2016Detailed filing. Detailed filing data is available for this year.$3.19$0.00$3.19$0.24$0.23$0.00
2015Detailed filing. Detailed filing data is available for this year.$1.34$0.10$1.23$0.33$0.22$0.11
2014Detailed filing. Detailed filing data is available for this year.$1.23$0.10$1.12$0.17$0.21$0.04
2013Summary only. Only limited summary data is available for this year.$1.26$0.09$1.16$0.23$0.22$0.01
2012Summary only. Only limited summary data is available for this year.$1.23$0.07$1.15$0.11$0.17$0.06
2011Summary only. Only limited summary data is available for this year.$1.30$0.08$1.22$0.25$0.16$0.09