Overview
What is The Nursing Economics Foundation Inc?
The Nursing Economics Foundation Inc, based in Pitman, New Jersey, is a nonprofit organization that focuses on supporting the advanced education and research activities of registered nurses. They grant scholarships and funds to nursing schools, associations, and nurse executives, promoting and protecting the public and the nursing profession's interests. These grants are awarded to individuals pursuing degrees, continuing education, or excelling in practice. The foundation's mission is to foster knowledge and innovation within the nursing field, ultimately benefiting both the profession and the public.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 53%, One-Star out of Four Star rating.
The Nursing Economics Foundation Inc received a low score of 53%, indicating significant concerns regarding its accountability and financial practices. Notably, the organization has no independent board members, which raises questions about governance and oversight. While it does not show any material diversion of assets, the lack of essential policies such as a conflict of interest and whistleblower policy is concerning.
On a positive note, the organization has a high program expense ratio of 96.90%, suggesting that most of its funds are directed towards its programs rather than administrative costs. However, the absence of publicly accessible documents like the tax form and missing policies diminish its transparency. Overall, while the foundation is effective in its program spending, its governance structure and lack of transparency are critical areas for improvement.
This AI summary has been generated from information found on Charity Navigator.
Is The Nursing Economics Foundation Inc legitimate?
The Nursing Economics Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Nursing Economics Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of The Nursing Economics Foundation Inc?
The Nursing Economics Foundation Inc's mission is centered around supporting the advanced education and research activities of registered nurses. This is achieved through providing scholarships and grants to nursing schools, associations, and nurse executives. The scholarships are intended for nurses or nursing students pursuing degrees, continuing education, or excellence in practice. The aim is to improve and protect the public's interest and the needs of the nursing profession. The Foundation also awards scholarships to nurse executives pursuing advanced academic degrees with the same objective in mind.
What is the revenue of The Nursing Economics Foundation Inc?
The Nursing Economics Foundation Inc's revenue in 2023 was $48,512.
Who are the executives of The Nursing Economics Foundation Inc and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for The Nursing Economics Foundation Inc?
The Nursing Economics Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of The Nursing Economics Foundation Inc
The Nursing Economics Foundation Inc is committed to supporting the advanced education and research activities of registered nurses. In pursuit of this mission, the foundation awards scholarships and grants to nursing schools, associations, and nurse executives. These funds are intended for nursing students and professionals pursuing degrees, continuing education, or excellence in practice. The aim is to improve and protect the interests of the public and members of the nursing profession. By investing in the education and research of nurses, The Nursing Economics Foundation Inc seeks to contribute to the betterment of healthcare services and patient care, ultimately benefiting society as a whole.
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Impact
August, 2024
The Nursing Economics Foundation Inc has a significant impact on the advancement of education and research activities for registered nurses. By providing scholarships and grants to nursing schools, associations, nurses, and nursing students pursuing degrees or continuing education, the foundation plays a crucial role in enhancing the skills and knowledge of individuals in the nursing profession. Additionally, by supporting nurse executives pursuing advanced academic degrees, the foundation contributes to improving and protecting the interests of the public and members of the nursing profession. Overall, the foundation's initiatives serve to elevate the standards of nursing practice and ensure the continuous improvement of healthcare quality and patient outcomes.
This information is meant to be a general summary of The Nursing Economics Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $32,915
- Gross Receipts: $48,512
Assets and Liabilities:
- Total Assets: $1,047,469
- Total Liabilities: $4,500
- Net Assets: $1,042,969
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Organization Details
Founding Year
1990
Principal Officer
Sister Rosemary Donley
NTEE Category
Code: B82 - Education
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