Nurses Educational Funds INC FY2022 filing

Tax-deductible

Brooklyn, NY501(c)(3)Since 1956Health CareEIN 13-6122744Revenue $397K in FY2022

On file with the IRS[email protected]137 Montague St Ste 144, 11201-3548 · Brooklyn, NYTax-exempt since Oct 1954Publicly supported charity — 170(b)(1)(A)(vi)

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Provide funds for nursing education

501(c)(3) charity; gifts are tax-deductible.
74¢ of each $1 spent went to programs.
$86K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $429K a year · 52% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
74%
of spending
Fine: 74% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$86K
to officers and key staff · 24% of spending
Worth a look: pay to officers and key staff is 24% of spending; over 20%.
Pt VII · Sec A
Cash reserves
14 mo
of spending, in cash
Looks good: 14.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $51K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$18K
0.5% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
19
of 19 voting members
Looks good: 19 of 19 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$397K
+4% vs prior year
Spent
$352K
To programs
74%
Net assets
$3.9M
By yearFY2021–FY2025
Revenue
$397K
FY2022▲ +4%
Tap a bar for its year
Revenue by fiscal year
FY2021$381K
FY2022$397K
FY2023$385K
FY2024$541K
FY2025$2.5M
Expenses
$352K
FY2022▲ +18%
Tap a bar for its year
Expenses by fiscal year
FY2021$298K
FY2022$352K
FY2023$408K
FY2024$453K
FY2025$507K
Net assets
$3.9M
FY2022▼ -7%
Tap a bar for its year
Net assets by fiscal year
FY2021$4.2M
FY2022$3.9M
FY2023$3.7M
FY2024$4.1M
FY2025$4.3M

From the FY2022 Form 990 (year ending August 2022) · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1954.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

74 cents of each dollar spent went to programs.

Program services 74% · $261K Management & general 16% · $58K Fundraising 9% · $33K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

20 people listed on the 990; $86K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Exec. Administrator
$86,061Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Jerelyn Weiss’s $86K as Executive Director is at the 71st percentile of top reported officer pay among 1979 $100K–1M health care nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Jerelyn Weiss$86,061$86,061$86,061$86,061$63,817

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Funds nursing education to support future healthcare professionals.

Questions for Nurses Educational Funds INC

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Provided by the organization

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1 program · $261K · in their own filed words · FY2021
01

Scholarships are given for advanced nursing degrees

$261Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 3 funders →
Grants paid · 4 grants · $900K · 2020–2023
Unitemized GrantFY2023$300,000
Unitemized GrantFY2022$251,000
Unitemized GrantFY2021$200,000
Unitemized GrantFY2020$149,000

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$397K
Ln 12
Gifts and grantsLn 1h$226K
Investment incomeLn 3$172K
Money outPt IX
$352K
Ln 25
Programscol B$261K
Managementcol C$58K
Fundraisingcol D$33K
Owns and owesPt X
$3.9M
net assets · Ln 32
Cash and savingsLn 1–2$419K
Total assetsLn 16$3.9M
LiabilitiesLn 26$18K
PeoplePt VI, VII
20
listed · VII A
PaidVII A1
Voting boardVI 1a19
IndependentVI 1b19
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$226K
Fundraising eventsLn 1c$20K
Investment incomeLn 3$172K
Gains on assetsLn 7$85K
Total revenueLn 12$397K
Assets in detailPt X, end of year
SavingsLn 2$419K
Cash and savings togetherLn 1–2$419K
InvestmentsLn 11–13$3.4M
Land, buildings, equipmentLn 10c$9K
Total assetsLn 16$3.9M
LiabilitiesLn 26$18K
Net assetsLn 32$3.9M
OperationsPt I, VI
EmployeesI 51
VolunteersI 60
Fiscal year endsHeaderAugust
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$673K$419K
InvestmentsLn 11–13$3.5M$3.4M
Land, buildings, equipmentLn 10c$7K$9K
Total assetsLn 16$4.2M$3.9M
LiabilitiesLn 26$23K$18K
Net assetsLn 32$4.2M$3.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$200K$200K
Other salaries and wagesLn 7$86K$57K$7K$22K
Payroll taxesLn 10$7K$5K$567$2K
Accounting feesLn 11c$24K$0$24K$0
Office expensesLn 13$5K$0$5K$0
Information technologyLn 14$19K$0$13K$5K
OccupancyLn 16$1K$0$1K$0
Depreciation, depletion and amortizationLn 22$6K$0$4K$2K
InsuranceLn 23$2K$0$2K$0
Other expenses (24a–d)Ln 24$2K$0$758$1K
All other expensesLn 24e$0$0$0$0
Total functional expensesLn 25$352K$261K$58K$33K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $2.5M$507K$2.0M$4.3M 990 PDF
FY2024 $541K$453K$87K$4.1M 990 PDF
FY2023 $385K$408K−$23K$3.7M 990 PDF
FY2022 Viewing $397K$352K$45K$3.9M 990 PDF
FY2021 $381K$298K$83K$4.2M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $397,378 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $190,119$225,824
I-9 Program service revenue$0
I-10 Investment incomePrior year $190,913$171,554
I-11 Other revenue$0
I-12 Total revenuePrior year $381,032$397,378
I-13 Grants and similar amounts paidPrior year $165,000$200,000
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $69,010$93,148
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $63,704$58,898
I-18 Total expensesPrior year $297,714$352,046
I-19 Revenue less expensesPrior year $83,318$45,332
Part VI · Governance 19 of 19 board members independent, no flags
VI-1a Voting members of the governing body19
VI-1b Independent voting members19
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $397,378 across 6 lines filed
VIII-1c Fundraising events$19,621
VIII-1f All other contributions, gifts and grants$206,203
VIII-1h Total contributions, gifts and grants$225,824
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$86,914
VIII-7 Net gain or loss on sales of assetsRelated to mission $84,640 · Unrelated business $0 · Excluded from tax $0$84,640
VIII-12 Total revenueRelated to mission $171,554 · Unrelated business $0 · Excluded from tax $0$397,378
Part IX · Statement of functional expenses $352,046 across 11 lines filed
IX-2 Grants to domestic individualsPrograms $200,000$200,000
IX-7 Other salaries and wagesPrograms $56,800 · Management $6,885 · Fundraising $22,376$86,061
IX-10 Payroll taxesPrograms $4,677 · Management $567 · Fundraising $1,843$7,087
IX-11c Accounting feesPrograms $0 · Management $23,543 · Fundraising $0$23,543
IX-13 Office expensesPrograms $0 · Management $5,443 · Fundraising $0$5,443
IX-14 Information technologyPrograms $0 · Management $13,260 · Fundraising $5,337$18,597
IX-16 OccupancyPrograms $0 · Management $1,290 · Fundraising $0$1,290
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $4,184 · Fundraising $1,685$5,869
IX-23 InsurancePrograms $0 · Management $2,103 · Fundraising $0$2,103
IX-24 Other expenses (24a–d)Programs $0 · Management $758 · Fundraising $1,295$2,053
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $261,477 · Management $58,033 · Fundraising $32,536$352,046
Part X · Balance sheet $3,870,634 assets, 11 lines filed
X-2 Savings and temporary cash investmentsStart of year $673,054$419,299
X-9 Prepaid expenses and deferred chargesStart of year $3,203$6,003
X-10c Land, buildings and equipment, netStart of year $6,944$9,375
X-11 Publicly traded securitiesStart of year $3,504,058$3,435,956
X-14 Intangible assetsStart of year $1$1
X-16 Total assetsStart of year $4,187,260$3,870,634
X-17 Accounts payable and accrued expensesStart of year $12,600$17,937
X-19 Deferred revenueStart of year $10,725$0
X-26 Total liabilitiesStart of year $23,325$17,937
X-32 Total net assets or fund balancesStart of year $4,163,935$3,852,697
X-33 Total liabilities and net assetsStart of year $4,187,260$3,870,634
Part XI · Reconciliation of net assets $3,852,697 net assets at year end
XI-1 Total revenue$397,378
XI-2 Total expenses$352,046
XI-3 Revenue less expenses$45,332
XI-4 Net assets at start of year$4,163,935
XI-5 Net unrealized gains (losses) on investments−$356,570
XI-10 Net assets at end of year$3,852,697

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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