2015-11-06T08:04:07-06:00 2014-12-31 131517563 LOEB & TROPER LLP 655 THIRD AVENUE 12TH FLOOR NEW YORK NY 10017 990 2014-01-01 753032867 NLN FOUNDATION FOR NURSING EDUCATION NLNF 2029092500 2600 VIRGINIA AVENUE NW WASHINGTON DC 20037 STEPHEN CERAME CFO 2029092500 2015-11-05 1 AARON SHAPIRO P01333816 2128674000 2014 2016-03-07 17:11:31Z DR BEVERLY MALONE 2600 VIRGINIA AVENUE NW WASHINGTON DC 20037 209955 0 X WWW.NLNFOUNDATION.ORG X 2002 NY THE MISSION OF THE NLN FOUNDATION FOR NURSING EDUCATION IS TO RAISE, SAFEGUARD AND DISTRIBUTE FUNDS THAT PROMOTE EXCELLENCE IN NURSING EDUCATION TO BUILD A STRONG AND DIVERSE NURSING WORKFORCE. TO SUPPORT THE MISSION OF ITS PARENT, NATIONAL LEAGUE FOR NURSING, INC., THROUGH THE FUNDING OF ENDOWMENTS AND THE DEVELOPMENT OF INITIATIVES THAT BENEFIT NLN'S MEMBERSHIP, INCREASE MEMBER ACCESSIBILITY TO EDUCATION PROGRAMS, AND FUND NEW INNOVATIVE RESEARCH. 4 3 3 15 0 0 310481 164002 0 40000 7572 5953 4375 0 322428 209955 53000 46000 0 0 57486 14927 0 0 7290 369124 193008 479610 253935 -157182 -43980 764853 688611 170174 141298 594679 547313 X THE MISSION OF THE NLN FOUNDATION FOR NURSING EDUCATION IS TO RAISE, SAFEGUARD AND DISTRIBUTE FUNDS THAT PROMOTE EXCELLENCE IN NURSING EDUCATION TO BUILD A STRONG AND DIVERSE NURSING WORKFORCE. TO SUPPORT THE MISSION OF ITS PARENT, NATIONAL LEAGUE FOR NURSING, INC., THROUGH THE FUNDING OF ENDOWMENTS AND THE DEVELOPMENT OF INITIATIVES THAT BENEFIT NLN'S MEMBERSHIP, INCREASE MEMBER ACCESSIBILITY TO EDUCATION PROGRAMS, AND FUND NEW INNOVATIVE RESEARCH. 0 0 218717 46000 40000 TO SUPPORT THE MISSION OF ITS PARENT NATIONAL LEAGUE FOR NURSING, INC., THROUGH THE FUNDING OF ENDOWMENTS AND THE DEVELOPMENT OF INITIATIVES THAT BENEFIT NLN'S MEMBERSHIP, INCREASE MEMBER ACCESSIBILITY TO EDUCATIONAL PROGRAMS, AND FUND NEW INNOVATIVE RESEARCH. 218717 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 19 0 3 1 0 0 0 0 0 0 0 0 0 0 X 4 3 0 0 1 0 1 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 AK AR AZ CA CO CT IL KY ME MA MN NH NM NY NC ND DC PA SC TN UT VA WI NJ OH WA FL AL GA HI KS MI MS MO OK RI WV X STEPHEN CERAME CPA 2029092500 2600 VIRGINIA AVENUE NW WASHINGTON DC 20037 NANCY LANGSTON CHAIRPERSON 4.00 X X 0 0 0 MICHAEL NEWSOME TREASURER 2.00 4.00 X X 0 0 0 MARSHA ADAMS TRUSTEE 2.00 X 0 0 0 DR BEVERLY MALONE CHIEF EXECUTIVE OFFICER 2.00 48.00 X X 0 532603 19951 STEPHEN CERAME CHIEF FINANCIAL OFFICER 2.00 48.00 X 0 182615 37348 0 715218 57299 0 0 1 0 0 40443 123559 164002 CONSULTING GRANT 611710 40000 40000 40000 5953 5953 209955 40000 0 5953 X 46000 46000 13727 6864 6863 266 133 133 934 467 467 11287 11287 150 150 121217 114761 6456 524 524 46927 46655 272 12903 3837 1776 7290 253935 218717 27928 7290 351594 341532 87315 17635 124597 56000 201347 273444 764853 688611 46415 47340 123759 93958 170174 141298 X 23203 79638 355293 251092 216183 216583 594679 547313 764853 688611 -43980 -3386 0 X X 0 1 X 1 0 X 833512 524428 299003 310481 164002 2131426 833512 524428 299003 310481 164002 2131426 1232457 898969 4309 1403 8952 8776 5953 29393 5952 2226 889 4375 13442 2174261 40000 0.41350 0.42070 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2010 AMOUNT: $ 5,952. 2011 AMOUNT: $ 2,226. 2012 AMOUNT: $ 889. 2013 AMOUNT: $ 4,375. 2014 AMOUNT: $ 0. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 330481 400 2567 150 333298 348898 950 5863 25210 330481 340568 100 17330 9100 348898 288139 26994 25435 340568 279951 8188 288139 0.25250 0.64990 0.09760 0 0 0 DUE TO RELATED ORGANIZATION 93958 93958 X 206419 0 206419 150 3386 3536 209955 253785 0 253785 150 150 253935 PART X, LINE 2: THE FOUNDATION HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PERIODS ENDING DECEMBER 31, 2011 AND SUBSEQUENT REMAIN SUBJECT TO EXAMINATION BY APPLICABLE TAXING AUTHORITIES. PART XI, LINE 4B - OTHER ADJUSTMENTS: UNREALIZED LOSS ON INVESTMENTS 3,386. 1 SCHOLARSHIPS FOR STUDENTS ENROLLED IN NURSING PROGRAMS 10 46000 FORM 990, SCHEUDLE I, PART 1, LINE 1 THE NLN FOUNDATION FOR NURSING EDUCATION ADMINISTERS SEVERAL PROGRAMS AND PROJECTS LED BY INDEPENDENT PROJECT DIRECTORS. PROJECT DIRECTORS ARE REQUIRED TO SUBMIT A MINIMUM OF TWO REPORTS, INCLUDING A FINAL REPORT, EXPLAINING PROGRESS IN DETAIL. IF APPROPRIATE, THE PROJECT DIRECTOR IS REQUIRED TO SUBMIT BUDGET PERFORMANCE DATA IN ADDITION TO PROGRAM NARRATIVE. PROJECT OUTCOME STATISTICS AND STATEMENTS ARE REQUIRED IF RELEVANT TO THE PROGRAM. 0 0 0 0 0 0 0 0 0 DR BEVERLY MALONE CHIEF EXECUTIVE OFFICER 0 465372 0 67045 0 186 0 7800 0 12151 0 552554 0 0 STEPHEN CERAME CHIEF FINANCIAL OFFICER 0 181960 0 0 0 655 0 5790 0 31558 0 219963 0 0 PART I, LINE 3 THE SALARIES FOR THE EXECUTIVES ARE DETERMINED BY THE PARENT COMPANY, NATIONAL LEAGUE FOR NURSING, INC. THE METHODS UTILIZED INCLUDE AN INDEPENDENT COMPENSATION CONSULTANTS, WHO PERFORM INDEPENDENT COMPENSATION STUDIES, AND APPROVAL OF THE RECOMMENDATIONS OF THE BOARD OF GOVERNORS. FORM 990, PART VI, SECTION A, LINE 4 THE BYLAWS WERE CHANGED AS TO THE COMPOSITIONS OF THE BOARD OF TRUSTEES. THE BOARD OF TRUSTEES WILL NOW CONSIST OF FIVE MEMBERS INCLUSIVE THE NLN BOARD OF GOVERNORS' PRESIDENT AND THE NLN CHIEF EXECUTIVE OFFICER. IN ADDITION, THERE WILL BE THREE TRUSTEES WHO MAY OR MAY NOT BE MEMBERS OF THE NLN BOARD OF GOVERNORS; ONE OF THESE POSITIONS WILL BE DESIGNATED AS THE TREASURER FOR THE FOUNDATION. AN ADVISORY COUNCIL HAS BEEN ADDED. FORM 990, PART VI, SECTION A, LINE 6 NATIONAL LEAGUE FOR NURSING, INC. IS THE PRINCIPAL MEMBER OF THE FOUNDATION. FORM 990, PART VI, SECTION B, LINE 11 THE DRAFT IS SUBMITTED TO NLN FOUNDATION FOR NURSING EDUCATION'S BOARD OF TRUSTEES FOR THEIR REVIEW AND APPROVAL. THE ENTIRE BOARD OF TRUSTEES REVIEWS THE FORM 990 WITH THE AUDITORS PRIOR TO FILING WITH IRS. FORM 990, PART VI, SECTION B, LINE 12C THE NATIONAL LEAGUE FOR NURSING (RELATED ORGANIZATION) HAS CONFLICT OF INTEREST STATEMENTS THAT ARE SIGNED ONCE A YEAR BY THE BOARD OF GOVERNORS AND EMPLOYEES OF THE ORGANIZATION. THE STATEMENTS ARE GIVEN TO THE CHIEF EXECUTIVE OFFICER'S ASSISTANTS TO REVIEW TO DETERMINE IF THERE IS A CONFLICT. IF THERE IS A CONFLICT, THEY WILL REPORT THE CONFLICT TO THE CHIEF EXECUTIVE OFFICER AND/OR THE EXECUTIVE COMMITTEE TO DETERMINE THE EXTENT OF CONFLICT AND NECESSARY ACTIONS TO BE TAKEN. IF A CONFLICT ARISES WITH THE CEO, THEN THE EXECUTIVE COMMITTEE IS INFORMED AND THE CEO OR ANYBODY ELSE THAT HAS A CONFLICT WILL BE RECUSED. TRUSTEES WERE REQUIRED TO SIGN THE CONFLICT OF INTEREST STATEMENT IN 2014. FORM 990, PART VI, SECTION B, LINE 15A THE NATIONAL LEAGUE FOR NURSING HAS PERFORMED A SALARY STUDY FOR THE CEO IN THE YEAR 2014 BY AN INDEPENDENT CONSULTANT. THE EXECUTIVE COMMITTEE SETS GOALS FOR THE CEO AT THE TIME SHE IS EVALUATED FOR THE PRIOR YEAR AND UPCOMING YEAR. AT THAT TIME THEY WILL SET HER COMPENSATION FOR THE YEAR. WHEN THEY AGREE ON THE COMPENSATION, THEY WILL PRESENT IT TO THE BOARD OF GOVERNORS FOR APPROVAL. THE BONUS IS BASED UPON CEO'S ACHIEVING GOALS SET AT THE BEGINNING OF THE YEAR. THE BONUS IS RECOMMENDED BY THE EXECUTIVE COMMITTEE AND THEN APPROVED BY THE BOARD OF GOVERNORS. FORM 990, PART VI, SECTION C, LINE 19 THE FINANCIAL STATEMENTS ARE GIVEN TO INDIVIDUALS ON REQUEST ALONG WITH ANY OTHER DOCUMENTS REQUESTED. FORM 990, PART IX, LINE 11G RESEARCH FEES: PROGRAM SERVICE EXPENSES 114,761. MANAGEMENT AND GENERAL EXPENSES 6,456. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 121,217. FORM 990, PART XII, LINE 2C THE FINANCIAL STATEMENTS ARE AUDITED ON AN ANNUAL BASIS. THE FOUNDATION STAFF WORKS WITH THE NLN (RELATED ORGANIZATION) AND THE INDEPENDENT ACCOUNTANT (SELECTED BY NLN) AS REQUESTED. INFORMATION IS SHARED WITH THE FOUNDATION FINANCE COMMITTEE. THE REVIEW PROCESS HAS NOT CHANGED FROM PRIOR YEARS. NATIONAL LEAGUE FOR NURSING INC 2600 VIRGINIA AVENUE NW WASHINGTON DC 20037 131896510 NURSING EDUCATION NY 501(C)(3) LINE 9 N/A 0 ACCREDITATION COMMISSION FOR EDUCATION IN NURSING 3343 PEACHTREE ROAD NE SUITE 850 ATLANTA GA 30326 133927791 ACCREDITATION SERVICES FOR NURSING EDUCATION NY 501(C)(3) LINE 9 N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0