2011-11-07T20:06:51-06:00 2010-12-31 LOEB & TROPER LLP 655 THIRD AVENUE 12TH FLOOR NEW YORK NY 10017 990 2010-01-01 753032867 NLN FOUNDATION FOR NURSING EDUCATION NLNF 2123635555 61 BROADWAY 33RD FLOOR NEW YORK NY 10006 STEPHEN CERAME 2123635555 2011-11-04 1 FREDERICK H ROTHMAN 2128674000 2010 2016-03-07 17:11:31Z DR BEVERLY MALONE 61 BROADWAY 33RD FLOOR NEW YORK NY 10006 1109330 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 0 15 0 0 598926 833512 0 0 6452 3018 4859 5952 610237 842482 87168 26375 0 0 36714 91386 0 0 39643 202249 297826 326131 415587 284106 426895 828672 1282046 112039 138518 716633 1143528 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 316055 26375 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. 316055 1 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 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 28 0 1 0 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 X STEPHEN CERAME CPA 2123635555 61 BROADWAY 33RD FLOOR NEW YORK NY 10006 PAT HINTON WALKER 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 TONIA D AIKEN 2.00 X 0 0 0 BETTYE DAVIS-LEWIS 2.00 X 0 0 0 MICHAEL NEWSOME 2.00 X 0 0 0 DOROTHY OTTO 2.00 X 0 0 0 CATHLEEN M SHULTZ 2.00 X 0 0 0 YUPHILLP XU 2.00 X 0 0 0 BEVERLY MALONE 2.00 X X 0 398984 20238 STEPHEN CERAME 2.00 X 0 162677 26115 ANDREW LEARY 2.00 X 0 107329 10142 MARY TAGLIARENI 2.00 X 0 161904 903 0 830894 57398 0 0 1 0 0 833512 833512 4309 4309 265557 266848 -1291 -1291 -1291 OTHER INCOME 900099 5952 5952 5952 842482 0 0 8970 26375 26375 80675 58680 21995 902 656 246 5173 3763 1410 4636 3372 1264 3900 1279 2621 179 179 107807 107807 17273 15219 2054 53273 49953 3320 65112 61054 4058 FOOD,FACILITY AND ENTER 40131 2542 37589 OVERHEAD CHARGES 7655 7655 MISCELLANEOUS 2496 574 1922 415587 316055 59889 39643 170520 311856 267900 279217 388273 687905 1979 3068 828672 1282046 7223 15331 104816 123187 112039 138518 X 10182 28966 526500 926423 179951 188139 716633 1143528 828672 1282046 426895 0 X X 0 1 1 X 0 X 171758 581081 289893 598926 833512 2475170 171758 581081 289893 598926 833512 2475170 1295459 1179711 3819 12689 17797 6452 4309 45066 12585 8217 5952 26754 2546990 0.46320 0.54790 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 279951 8188 288139 371151 8800 100000 279951 318651 52500 371151 0.34700 0.65300 0 0 0 DUE TO RELATED ORGANIZATION 123187 123187 842482 415587 426895 0 426895 842303 0 842303 179 179 842482 415408 0 415408 179 179 415587 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, 2007 AND SUBSEQUESNT REMAIN SUBJECT TO EXAMINATION BY APPLICABLE TAXING AUTHORITIES. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT EXPENSES NETTED AGAINST REVENUE IN THE FINANCIAL STATEMENTS 179. PART XIII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT EXPENSES NETTED AGAINST REVENUE IN THE FINANCIAL STATEMENTS 179. 1 GENERAL SUPPORT 7 26375 OTHER INFORMATION: PART IV: 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 387242 0 11347 0 395 0 14700 0 5538 0 419222 0 0 STEPHEN CERAME 0 162419 0 0 0 258 0 10298 0 15817 0 188792 0 0 MARY TAGLIARENI 0 161539 0 0 0 365 0 0 0 903 0 162807 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 2010. FORM 990, PART VI, SECTION C, LINE 19 THE FINANCIAL STATEMENTS ARE GIVEN TO INDIVIDUALS ON REQUEST ALONG WITH ANY OTHER DOCUMENTS REQUESTED. AUDIT REVIEW FORM 990, PART XI, 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 YEAR. ALLOCATION OF HOURS TO RELATED ORGANIZATION FORM 990, PART VII, SECTION A, LINE 1A BEVERLY MALONE: 38 HOURS PER WEEK, STEPHEN CERAME: 38 HOURS PER WEEK, MARY TAGLIARENI: 38 HOURS PER WEEK, ANDREW LEARY: 38 HOURS PER WEEK, WAS SPENT ON BEHALF OF THE FOUNDATION, AND NLN COVERED THE COSTS. NATIONAL LEAGUE FOR NURSING INC 61 BROADWAY NEW YORK NY 10003 131896510 NURSING EDUCATION NY 501 (C) (3) 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) 9 N/A 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 NATIONAL LEAGUE FOR NURSING INC D 123187 COST NATIONAL LEAGUE FOR NURSING INC M 91386 COST