Florida Nurses Foundation INC EIN 59-2395148 Form 990 (PDF) Claim this org

Florida Nurses Foundation INC

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Supports studies, conferences, scholarships, and grants to advance public knowledge of health-related sciences and arts. For fiscal year 2024 it reported $207K in revenue, $86K in expenses, and $1.6M in net assets.Pt I

Type
Public charity (501(c)(3)) · Nonprofit
Location
Orlando, FL
Filings
5 on file (2020–2024)
Revenue
$207KFY2024
Expenses
$86K
Net assets
$1.6M
People
10
Filings
5
Updates
0
More identity details & actions ⌄
EIN  59-2395148 Public charity (501(c)(3)) Orlando, FL
Form 990 (PDF)
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Size
$100K–1M
What they do
Supports studies, conferences, scholarships, and grants to advance public knowledge of health-related sciences and arts.
Leadership
William Pierce · Trustee
Money in and out
$207K revenue, $86K expenses
Bottom line
44% program efficiency
Where the money goes · FY2024
Total revenue
$207K
Pt VIII · Ln 12
Total expenses
$86K
Pt IX · Ln 25
Net assets
$1.6M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $121K
Where spending went · Part IX cols B–D
Program services $0.44 Management & general $0.56
Program efficiency
44%
of spending reaches programs▲ +32% vs prior filing year
Operating runway
221.5mo
months of highly liquid reserves at operating expense rate▼ -16% vs prior filing year
Surplus margin
+58%
revenue over expenses, this year▼ -22% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$207K
FY2024▼ -23%
Expenses
$86K
FY2024▲ +30%
Total assets
$1.6M
FY2024▲ +9%
Total liabilities
$6K
FY2024▲ +10%
Total revenue
$207K
Pt VIII · Ln 12
Total expenses
$86K
Pt IX · Ln 25
Net assets
$1.6M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$121K
Total assetsPt X · Ln 16$1.6M
Program-expense ratioPt IX · col B44%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFlorida Nurses Foundation INC
EINHdr · item D59-2395148
Principal addressHdr · item COrlando, FL
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MFL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFJul 1984

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b10
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Fna Bod Liaison
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $38K of program spending, described in the organization's own filed words · FY2024.
01

Increase the public knowledge and understanding of nursing by engaging in studies, surveys, research, providing grants,scholarships and educational conferences and seminars.

$38Kprogram expense

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Statement of Revenue

Part VIII
Investment income$113K · 54%
Contributions & grants$95K · 46%
Investment income54%$113K
Contributions & grants46%$95K
Total revenueLn 12$207K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.44 Management & general $0.56
Program services44%$38K
Management & general56%$48K
Total functional expensesLn 25$86K

Balance Sheet

Part X · end of year
CashLn 1$1.6M
Total assetsLn 16$1.6M
Total liabilitiesLn 26$6K
Total net assetsLn 32$1.6M
Months of cash on handcomputed221.5

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.6M · Operating expenses/yr $86K
221.5 months
Where the money goes
Program services
Program services $38K · Total expenses $86K
44%
Management & General
Management & general $48K · Total expenses $86K
56%
Fundraising
Fundraising $0 · Total expenses $86K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $121K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $95K · Total revenue $207K
46%
Government reliance
Government grants — · Total revenue $207K
Earned-income share
Program service revenue $0 · Total revenue $207K
0%
Investment reliance
Investment income $113K · Total revenue $207K
+54%
Program self-sufficiency
Program service revenue $0 · Total expenses $86K
0%
Growth & trend
Revenue growth (YoY)
This year $207K · Prior year $269K
-23%
Revenue CAGR
FY2020 $77K · FY2024 $207K
+28%
Net-asset trend (YoY)
End of year $1.6M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $207K · Expenses $86K
+58%
Liabilities-to-Assets
Total liabilities — · Total assets $1.6M
Net-asset ratio
Net assets $1.6M · Total assets $1.6M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $1.6M
0%
People & payroll
Highest Reported Total Compensation
Individual William Pierce · Reported title Trustee · Highest reported compensation $0 · Total expenses $86K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $86K
0%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 44%
Overhead ratio 56%
Fundraising cost ratio 0%
Revenue growth -23%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 7%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2022
Total grants receivedfrom 1 funder$200K
Grants paid · 5 grants · $148K · 2020–2024
Unitemized GrantFY2024$38,150
Unitemized GrantFY2023$22,250
Unitemized GrantFY2022$32,500
Unitemized GrantFY2021$23,850
Unitemized GrantFY2020$31,725

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$207K revenue · viewing · ⤓ 990 PDF
FY2023$269K revenue · ⤓ 990 PDF
FY2022$100K revenue · ⤓ 990 PDF
FY2021$97K revenue · ⤓ 990 PDF
FY2020$77K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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