2012-11-13T13:12:38-06:00 2011-12-31 131517563 LOEB & TROPER LLP 655 THIRD AVENUE 12TH FLOOR NEW YORK NY 10017 990 2011-01-01 753032867 NLN FOUNDATION FOR NURSING EDUCATION NLNF 2123635555 61 BROADWAY 33RD FLOOR NEW YORK NY 10006 STEPHEN CERAME 2123635555 2012-10-03 1 FREDERICK H ROTHMAN P01275277 2128674000 2011 2016-02-24 21:20:13Z DR BEVERLY MALONE 61 BROADWAY 33RD FLOOR NEW YORK NY 10006 532457 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. 10 9 7 15 0 0 833512 524428 0 0 3018 -1964 5952 2226 842482 524690 26375 79474 0 0 91386 106602 0 0 20328 297826 450452 415587 636528 426895 -111838 1282046 1174359 138518 144479 1143528 1029880 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 504235 79474 NLN FOUNDATION FOR NURSING EDUCATION WAS ESTABLISHED IN 2002 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. 504235 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 0 1 42 0 7 1 0 0 0 0 0 0 0 0 0 0 X 10 9 0 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 AK AR AZ CA CO CT IL KY ME MA MN NH NM NY NC ND OR PA SC TN UT VA WI NJ OH WA FL AL GA HI KS MI MS MO OK RI WV X STEPHEN CERAME CPA 2123635555 61 BROADWAY 33RD FLOOR NEW YORK NY 10006 X NANCY LANGSTON 2.00 X X 0 0 0 DON K SHUCK 2.00 X X 0 0 0 CHARLOTTE FERRETTI 2.00 X X 0 0 0 BETTYE DAVIS-LEWIS 2.00 X 0 0 0 JEAN MARSHALL 2.00 X 0 0 0 PAT HINTON WALKER 2.00 X 0 0 0 MICHAEL NEWSOME 2.00 X 0 0 0 DOROTHY OTTO 2.00 X 0 0 0 JUDITH A HALSTEAD 2.00 X 0 0 0 BEVERLY MALONE 2.00 X X 0 473051 19958 STEPHEN CERAME 2.00 X 0 170367 23746 LINDA CHRISTENSEN 2.00 X 0 176804 15644 ANDREW LEARY 2.00 X 0 43575 5595 KAREN KLESTZICK 2.00 X 0 168096 19157 0 1031893 84100 0 0 1 0 0 9062 515366 524428 1403 1403 4400 7767 -3367 -3367 -3367 OTHER INCOME 900099 2226 2226 2226 524690 0 0 262 79474 79474 91297 58887 29215 3195 3612 2330 1156 126 5309 3552 1529 228 6384 4118 2043 223 6000 6000 150 150 243843 216393 27450 15125 5515 9610 135239 128640 6237 362 OVERHEAD CHARGES 26921 26921 FOOD,FACILITY AND ENTER 21153 4959 16194 2021 367 1654 636528 504235 111965 20328 311856 365742 279217 218247 687905 539768 50602 3068 0 1282046 1174359 15331 21937 123187 122542 138518 144479 X 28966 39566 926423 775181 188139 215133 1143528 1029880 1282046 1174359 X -111838 -1810 X X 0 1 1 X 0 X 581081 289893 598926 833512 524428 2827840 581081 289893 598926 833512 524428 2827840 1602368 1225472 12689 17797 6452 4309 1403 42650 3088 3122 6210 3220 1737 5952 2226 13135 2889835 0.42410 0.46320 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 288139 26994 25435 340568 279951 8188 288139 371151 8800 100000 279951 318651 52500 371151 0.31730 0.68270 0 0 0 DUE TO RELATED ORGANIZATION 122542 122542 524690 636528 -111838 -1810 -1810 -113648 522730 -1810 -1810 524540 150 150 524690 636378 0 636378 150 150 636528 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: 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, 2008 AND SUBSEQUENT REMAIN SUBJECT TO EXAMINATION BY APPLICABLE TAXING AUTHORITIES. 1 SCHOLARSHIPS FOR STUDENTS ENROLLED IN NURSING PROGRAMS 5 79474 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 BEVERLY MALONE 0 415409 0 56844 0 798 0 14700 0 5258 0 493009 0 0 STEPHEN CERAME 0 166492 0 3434 0 441 0 10805 0 12941 0 194113 0 0 LINDA CHRISTENSEN 0 176119 0 0 0 685 0 10580 0 5064 0 192448 0 0 KAREN KLESTZICK 0 167669 0 0 0 427 0 10213 0 8944 0 187253 0 0 FORM 990, PART VI, SECTION A, LINE 7A NLN SHALL BE THE PRINCIPAL MEMBER OF THE CORPORATION (THE "PRINCIPAL MEMBER"). EXCEPT TO THE EXTENT AND ONLY TO SUCH EXTENT THAT THE BOARD OF TRUSTEES, WITH THE CONSENT IN EACH CASE OF THE PRINCIPAL MEMBER, MAKES ANY SPECIFIC GRANT OF VOTING RIGHTS TO ANY OTHER MEMBER OR CLASS OF MEMBERS, THE PRINCIPAL MEMBER SHALL HAVE THE SOLE RIGHT TO VOTE OR CONSENT WITH RESPECT TO ANY ACTION TO WHICH MEMBERS OF A CORPORATION ARE ENTITLED TO VOTE UNDER THE NEW YORK NOT-FOR-PROFIT CORPORATION LAW (THE "NOT-FOR-PROFIT CORPORATION LAW"). FORM 990, PART VI, SECTION A, LINE 7B EXCEPT AS OTHERWISE REQUIRED BY THE NOT-FOR-PROFIT CORPORATION LAW, THE CERTIFICATE OF INCORPORATION OR THESE BYLAWS, THE FOLLOWING ACTIONS ARE SUBJECT TO AND REQUIRE THE APPROVAL AND CONSENT OF THE PRINCIPAL MEMBER: (A) RESTATEMENTS OR AMENDMENTS OF THE CERTIFICATE OF INCORPORATION OR BYLAWS; (B) ADOPTION OR DETERMINATION OF THE SIZE OF THE BOARD OF TRUSTEES OR PROCESS OF ELECTION OF THE MEMBERS OF THE BOARD OF TRUSTEES; (C) ADOPTION OF OVERHEAD OR INTER-COMPANY SERVICE CHARGES, DEBT REPAYMENT AND ROYALTY PAYMENTS; (D)ADOPTION OR IMPLEMENTATION OF SHORT OR LONG-RANGE PLANS THAT ARE OUTSIDE THE MISSION OR PURPOSE OF THE NLN FOUNDATION; CREATION OF A NEW SUBSIDIARY CORPORATION, PARTNERSHIP OR JOINT VENTURE IN WHICH THE NLN FOUNDATION WILL HAVE A VOTING OR OWNERSHIP INTEREST, OR APPROVAL OF THE CERTIFICATE OF INCORPORATION AND BYLAWS OF ANY SUCH CORPORATION; AND (E) DISSOLUTION OF THE NLN FOUNDATION OR THE SALE, LEASE, EXCHANGE, MORTGAGE, PLEDGE OR OTHER DISPOSITION OF ALL OR SUBSTANTIALLY ALL OF THE PROPERTY AND ASSETS OF THE NLN FOUNDATION. FORM 990, PART VI, SECTION B, LINE 11 THE DRAFT IS SUBMITTED TO THE PRESIDENT AND TREASURER FOR ITS REVIEW. ONCE REVIEWED, COPIES OF THE RETURNS ARE PROVIDED TO ALL BOARD MEMBERS. 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 ARE REQUIRED TO SIGN THE CONFLICT OF INTEREST STATEMENT IN 2011. FORM 990, PART VI, SECTION C, LINE 19 THE FINANCIAL STATEMENTS ARE GIVEN TO INDIVIDUALS ON REQUEST ALONG WITH ANY OTHER DOCUMENTS REQUESTED. HOURS WORKED FOR RELATED ORGANIZATION: FORM, PART VII: BEVERLY MALONE- 38 HOURS PER WEEK STEPHEN CERAME- 38 HOURS PER WEEK LINDA CHRISTENSEN- 38 HOURS PER WEEK ANDREW LEARY-38 HOURS PER WEEK KAREN KLESTZICK- 38 HOURS PER WEEK 2 HOURS FOR EACH EMPLOYEE WERE SPENT ON BEHALF OF THE FOUNDATION AND NATIONAL LEAGUE FOR NURSING, INC. COVERED THE COSTS. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -1,810. AUDIT REVIEW 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 61 BROADWAY NEW YORK NY 10003 131896510 NURSING EDUCATION NY 501(C)(3) LINE 9 N/A 0 NATIONAL LEAGUE FOR NURSING ACCREDITING COMMISSION INC 3343 PEACHTREE ROAD NE SUITE 500 ATLANTA GA 30326 133927791 ACCREDITATION SERVICES FOR NURSING EDUCATION NY 501(C)(3) LINE 9 N/A 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0