Civic Intelligence

40 & 8 George B Boland Nurses Training Trust Dtd 11/16/76

EIN 35-6317037 • 501(c)3 • Muncie, IN

Profile

To provide nursing educational scholarships to children of military veterans

200 East JacksonMuncie, IN 47305

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

19th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

20th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

73rd percentile

21%

Higher net margin than 73% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

42nd percentile

$10,831

Higher top officer pay than 42% of similar nonprofits.

Top officer pay equals 14.2% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

43rd percentile

1.3%

Faster asset growth than 43% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

5th percentile

-53%

Faster revenue growth than 5% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$1,264,759

Up $15,811 (+1.3%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$1,264,759

Up $15,811 (+1.3%) from 2023

Revenue

Down

$76,307

Down $85,055 (-53%) from 2023

Expenses

Up

$60,496

Up $19,098 (+46%) from 2023

Net Income

Down

$15,811

Down $104,153 (-87%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5M$1.0M$500K$0Assets 2012: $876,222Liabilities 2012: $0Net Assets 2012: $876,2222012Assets 2013: $840,557Liabilities 2013: $0Net Assets 2013: $840,5572013Assets 2014: $811,216Liabilities 2014: $0Net Assets 2014: $811,2162014Assets 2015: $823,172Liabilities 2015: $0Net Assets 2015: $823,1722015Assets 2016: $823,371Liabilities 2016: $0Net Assets 2016: $823,3712016Assets 2020: $936,022Liabilities 2020: $0Net Assets 2020: $936,0222020Assets 2021: $974,402Liabilities 2021: $0Net Assets 2021: $974,4022021Assets 2022: $1,128,984Liabilities 2022: $0Net Assets 2022: $1,128,9842022Assets 2023: $1,248,948Liabilities 2023: $0Net Assets 2023: $1,248,9482023Assets 2024: $1,264,759Liabilities 2024: $0Net Assets 2024: $1,264,7592024

Highlighted filing

2024

Assets$1,264,759
Liabilities$0
Net Assets$1,264,759

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$200K$100K$0-$100KExpenses 2012: $74,9612012Expenses 2013: $90,2352013Revenue 2014: $57,304Expenses 2014: $86,646Net Income 2014: -$29,3422014Revenue 2015: $73,999Expenses 2015: $62,041Net Income 2015: $11,9582015Revenue 2016: $54,780Expenses 2016: $54,581Net Income 2016: $1992016Revenue 2020: $71,255Expenses 2020: $43,205Net Income 2020: $28,0502020Revenue 2021: $77,964Expenses 2021: $39,584Net Income 2021: $38,3802021Revenue 2022: $196,521Expenses 2022: $41,939Net Income 2022: $154,5822022Revenue 2023: $161,362Expenses 2023: $41,398Net Income 2023: $119,9642023Revenue 2024: $76,307Expenses 2024: $60,496Net Income 2024: $15,8112024

Highlighted filing

2024

Revenue$76,307
Expenses$60,496
Net Income$15,811

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Nov 1, 2023 to Oct 31, 2024
Signed
Sep 11, 2025
Return Version
2023v6.0
Gross Receipts
$322,266
Mission and Program Overview

Mission

Providing nursing scholarships

To provide nursing educational scholarships to children of military veterans

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$1,248,948$1,264,759▲ $15,811
Investments in Publicly Traded Securities$1,219,352$1,243,928▲ $24,576
Cash and Non-Interest-Bearing Accounts$29,596$20,831▼ $8,765
Total Assets$1,248,948$1,264,759▲ $15,811
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,248,948$1,264,759▲ $15,811
Total Liabilities and Net Assets / Fund Balance$1,248,948$1,264,759▲ $15,811
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Frank CampoTrusteePT$10,831$10,831

Board Members and Trustees

NameTitle
-Officer
Don EmleyOfficer
Mark MootsOfficer
Revenue and Support

Revenue Composition

Contributions and Grants
$42,241
Program Service Revenue
$0
Investment Income
$34,066
Other Revenue
$0
All Other Contributions
$42,241
Change in Net Assets
$15,811
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$30,000
Other Expenses$19,665
Salaries, Compensation, and Employee Benefits$10,831
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$30,000--$30,000
Other Expenses$8,650$8,650-$17,300
Current Officers, Directors, Trustees, and Key Employees$5,416$5,415-$10,831
Fees for Services Accounting-$2,365-$2,365
Total Functional Expenses$44,066$16,430$0$60,496
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
13 Scholarship Grants to VariousVarious, VA--$30,000
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
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

After the trustee reviews the tax return, it is available to the individual advisors

Form 990, Page 6, Part VI, Line 12C

The conflicts of interest policy is reviewed regularly by the trustee and and advisors.

Form 990, Page 6, Part VI, Line 19

The trust makes its documents available to the public upon request.

Filing and Contact Details

Filer

Filer Name
40 & 8 George B Boland Nurses
EIN
35-6317037
Phone
7657471551
Address
200 EAST JACKSON, MUNCIE, IN 47305

Signing Officer

Name
First Merchants Private Wealth
Title
Trustee
Phone
7657471551
Signed
2025-09-11
Discuss with paid preparer
Yes

Organization Details

Formed
1976
Legal Domicile
In
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
3

Preparer

Firm
Kelley Hardesty Smith and Co
Address
5240 ELMWOOD AVE STE 100, INDIANAPOLIS, IN 46203
Preparer
Kara V Lauth CPA
Phone
3177881571
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

Oversight of applications for scholarships

Form 990, Page 2, Part III, Line 4D

To provide nursing educational scholarships to children of military veterans.

Raw XML Appendix303 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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IRS990/InvestmentsPubTradedSecGrp/BOYAmt01219352
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt08650
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IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt013 SCHOLARSHIP GRANTS TO VARIOUS
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0SCHOOLS FOR NURSING EDUCA TUITION
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OVERSIGHT OF APPLICATIONS FOR SCHOLARSHIPS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TO PROVIDE NURSING EDUCATIONAL SCHOLARSHIPS TO CHILDREN OF MILITARY VETERANS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AFTER THE TRUSTEE REVIEWS THE TAX RETURN, IT IS AVAILABLE TO THE INDIVIDUAL ADVISORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CONFLICTS OF INTEREST POLICY IS REVIEWED REGULARLY BY THE TRUSTEE AND AND ADVISORS.
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05240 ELMWOOD AVE STE 100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0INDIANAPOLIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd046203
ReturnHeader/PreparerPersonGrp/PhoneNum03177881571
ReturnHeader/PreparerPersonGrp/PreparationDt02025-09-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KARA V LAUTH CPA
ReturnHeader/ReturnTs02025-09-11T16:12:48-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-11-01
ReturnHeader/TaxPeriodEndDt02024-10-31
ReturnHeader/TaxYr02023

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