NLN Foundation for Nursing Education
Nonprofit profile at a glance
- EIN
- 753032867
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Washington, DC, USA
- Phone
- 2029092500
- Rating
- 67
- Verdict
- SUPPORTED
- Rating confidence
- Standard
- Sector
- Scholarships, Student Financial Aid Services, Awards
Reported finances
- Revenue
- $464,955
- Expenses
- $394,936
- Assets
- $1,304,004
- Liabilities
- $75,908
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- Beverly Malone (President / CEO)
Highest reported compensation
- Beverly Malone (President / CEO): $661,407 total reported compensation
- Elizabeth Reyna (Director of Membership): $134,677 total reported compensation
- Michael Karkowsky (Deputy CFO): $98,365 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
See Schedule O
What it reported doing in 2024
To support the mission of its parent, national league for nursing, inc., through the funding of endowments, the development of initiatives that benefit nln's membership, increase member accessibility to educational programs, and fund new innovative research.
Operating model
- Revenue model
- Donor-supported. 96% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 86% 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. Fundraising costs are high for each dollar raised and the filing reports few safeguards for money sent abroad.
Rating breakdown
- Financial Efficiency: 60
- Transparency & Controls: 70
- Accountability: 95
- Sustainability: 60
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 65.1%; rating input score 65
- Program expense ratio: 63.4%; rating input score 63
- Fundraising efficiency: $6.39 raised per $1 spent on fundraising; rating input score 28; 28th percentile among comparable filings
Transparency & Controls
- Consistency checks: 92.9%; rating input score 93; 25th percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: 3 of 8 controls in place; rating input score 38
- Claims monitoring procedures: Pass
- Requires narrative reports: Pass
- Conducts field audits: Fail
- May suspend future funding: Fail
- Requires financial reports: Pass
- Conducts site visits: Fail
- Requires grant agreements: Fail
- May require repayment: Fail
- Grant itemization coverage: 98.7%; rating input score 99; 59th 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: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 15.1%; rating input score 68; 68th percentile among comparable filings
- Total-asset coverage ratio: 3.3; rating input score 71; 71st percentile among comparable filings
- Liabilities to assets ratio: 0.06; rating input score 31; 31st percentile among comparable filings
- Officer compensation ratio: 12.1%; rating input score 27; 27th percentile among comparable filings
Growth
- Program expense growth: -3.1% per year; rating input score 0; 21st percentile among comparable filings
- Revenue growth: -2.2% per year; rating input score 0; 16th percentile among comparable filings
- Asset growth: -0.4% per year; rating input score 0; 23rd percentile among comparable filings
Details
- Where the money goes: 65.1% of revenue deployed · 63.4% of spending went to programs
- Governance: 5 of 5 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $250K in reported program spending
- Leadership: top reported pay $661K · 9 people listed · 1 of 6 pay-setting controls reported
- Consistency: 29 of 30 current checks pass · 1 finding to review
- Schedules: 8 filed schedules · includes major donors, foreign activity, grants, and executive pay
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 5 filed money-flow records
- Related organizations: 7 filed related-organization links
- 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 — Financial Efficiency: Fundraising efficiency scored 28/100.
- Moderate — Transparency & Controls: Foreign activity oversight: 5 of 8 not reported.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Growth: Asset growth scored 0/100.
- Review — Accountability: Governance controls: Other executive compensation review process not reported.
- High — Sustainability: Officer compensation ratio scored 27/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 31/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.