Foundation of National Student Nurses' Association Inc

Nonprofit profile at a glance

EIN
133123125
IRS 990 coverage
2019–2024
Forms available
Form 990 2024
Location
Queens Village, NY, USA
Phone
7182100705
Rating
72
Verdict
SUPPORTED
Rating confidence
Standard
Sector
Fund Raising and/or Fund Distribution

Official website

Reported finances

Revenue
$2,056,020
Expenses
$1,108,338
Assets
$5,620,568
Liabilities
$79,108

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

17 people listed

Executive titles in this filing

  • Dr Larry Z Slater (President)
  • Dr Shirley Quarles (Vice President)
  • Sandra Gomberg (Vice President - Term Ended)
  • Dr Kenya Williams (Ex-Officio - CEO)
  • Ethan Slocum (Ex-Officio - NSNA President (Through 4/1/25))
  • Ryan Barrett (Ex-Officio - NSNA President (From 4/1/25))

Highest reported compensation

  • Dr Kenya Williams (Ex-Officio - CEO): $243,602 total reported compensation
  • Dev Persaud (CFO): $144,761 total reported compensation
  • Jasmine Melendez (Scholarship and Grants Admin): $125,636 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of the foundation is to support nursing education and promote the nursing profession. The foundation encourages nursing students to participate in educational activities that improve the quality of healthcare. Funding for nursing education, programs to enhance opportunities for community involvement, and leadership development activities help to prepare today's nursing students to face the healthcare delivery challenges of tomorrow.

What it reported doing in 2024

During fiscal 2025 FNSNA Provided grants to 246 recipients. FNSNA provides funding opportunities to a diverse student population, including students from underrepresented populations within the nursing profession. Grants provided by the FNSNA support the educational endeavors of nursing students across the country to produce outstanding registered nurses. Funding for nursing education and special projects allows nursing students to focus their attention on gaining critical leadership experience to ultimately provide high quality patient care and to excel in all areas of nursing. FNSNA funding priorities provide the means for nursing students to discover their talents and create a vision for their careers, achieving a sense of confidence and self-worth. This endeavor enables nursing students to complete their education and enter the workforce as exceptional registered nurses who promote quality healthcare for all.

Operating model

Revenue model
Donor-supported. 86% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 63
  • Transparency & Controls: 75
  • Accountability: 86
  • Sustainability: 79
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 64.7%; rating input score 65
  • Program expense ratio: 52.5%; rating input score 53
  • Fundraising efficiency: $101.26 raised per $1 spent on fundraising; rating input score 87; 87th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 6 of 9 controls in place; rating input score 67
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 46.1%; rating input score 91; 91st percentile among comparable filings
  • Total-asset coverage ratio: 5.07; rating input score 84; 84th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 83; 83rd percentile among comparable filings
  • Officer compensation ratio: 15.9%; rating input score 17; 17th percentile among comparable filings

Growth

  • Program expense growth: -1.5% per year; rating input score 0; 10th percentile among comparable filings
  • Revenue growth: 13.5% per year; rating input score 100; 78th percentile among comparable filings
  • Asset growth: 1.6% per year; rating input score 100; 18th percentile among comparable filings

Details

  • Where the money goes: 64.7% of revenue deployed · 52.5% of spending went to programs
  • Governance: 11 of 11 board members independent · 6 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $582K in reported program spending
  • Leadership: top reported pay $244K · 17 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 44 of 44 current checks pass
  • Schedules: 7 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 5 filing years from 2019 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Review — Financial Efficiency: Program expense ratio scored 53/100.
  • Review — Accountability: Governance controls: 3 of 9 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 17/100.