2024-03-06T08:23:22-06:00 2023-04-30 351178661 BLUE & CO LLC 250 WEST MAIN STREET SUITE 2900 LEXINGTON KY 40507 990 2022-05-01 611124266 FRONTIER NURSING SERVICE INCORPORATED FRON 8592514700 2050 LEXINGTON ROAD VERSAILLES KY 40383 EMILY FANGUE CHIEF FINANCIAL OFFICER 8592514700 2024-03-05 1 EMILY FANGUE 999009999 0 RICHARD C SHIELDS P00852717 8592531100 2024-02-27 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z PETER COFFIN 2050 LEXINGTON ROAD VERSAILLES KY 40383 91440356 0 X WWW.FRONTIERNURSING.ORG X 1984 KY SEE SCHEDULE O.THE MISSION OF FRONTIER NURSING SERVICE, INCORPORATED IS TO RAISE, INVEST, AND DISTRIBUTE FUNDS TO SUPPORT FRONTIER NURSING UNIVERSITY. FUNDS SUPPORT STUDENT SCHOLARSHIPS, CAMPUS AND FACILITY NEEDS, FACULTY DEVELOPMENT, SPECIAL PROJECTS, AND GENERAL OPERATIONS. 4 4 0 4 0 0 224762 317743 0 0 5557626 1459616 0 0 5782388 1777359 0 0 0 0 0 0 0 0 3018 577987 474267 577987 474267 5204401 1303092 66798964 71437067 42386779 47550067 24412185 23887000 THE MISSION OF FRONTIER NURSING SERVICE, INCORPORATED IS TO RAISE, INVEST, AND DISTRIBUTE FUNDS TO SUPPORT FRONTIER NURSING UNIVERSITY. FUNDS SUPPORT STUDENT SCHOLARSHIPS, CAMPUS AND FACILITY NEEDS, FACULTY DEVELOPMENT, SPECIAL PROJECTS, AND GENERAL OPERATIONS. 0 0 FUNDS PROVIDED TO FRONTIER NURSING UNIVERSITY FOR THE PROMOTION OF EDUCATION, HEALTH, AND SOCIAL WELFARE. 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 4 0 0 0 0 1 0 0 1 0 0 0 1 1 1 1 1 1 0 0 0 AK AL CA FL GA HI IL KS KY MD MA MI MN MS NH NJ NM NY NC OR PA RI SC TN UT VA WI X THE ORGANIZATION 8592514700 2050 LEXINGTON ROAD VERSAILLES KY 40383 PETER COFFIN CHAIR AND BOARD MEMBER 1.00 X X 0 0 0 DEREK BONIFER BOARD MEMBER 1.00 X 0 0 0 DR PETER SCHWARTZ BOARD MEMBER 1.00 1.00 X 0 0 0 EMILY FANGUE CHIEF FINANCIAL OFFICER, PARTIAL YEAR 1.00 40.00 X 0 45402 10853 CONSTANCE BROTHERTON BOARD MEMBER 1.00 X 0 0 0 DR SUSAN STONE CHIEF EXECUTIVE OFFICER 1.00 40.00 X 0 479039 57644 MICHAEL STEINMETZ CHIEF FINANCIAL OFFICER, PARTIAL YEAR 1.00 40.00 X 0 166163 20438 0 690604 88935 0 0 1 0 BLACKROCK PRIVATE INVESTORS 300 WEST VINE STREET LEXINGTON KY 40507 INVESTMENT MANAGEMENT SERVICES 155189 1 317743 98110 317743 992883 992883 90129730 89662997 466733 466733 466733 1777359 0 0 1459616 259920 259920 CORPORATE COSTS 209261 209261 CHARITABLE REGISTRATION 3018 3018 MISCELLANOUE EXPENSES 1222 1222 BANK FEES 846 846 474267 0 471249 3018 409301 115504 63186376 68294619 3203287 3026944 66798964 71437067 66759 42386779 47483308 42386779 47550067 X 13683636 12982775 10728549 10904225 24412185 23887000 66798964 71437067 X 1303092 220846 -2049123 X X 0 1 X 0 0 X 635185 525795 253658 224762 317743 1957143 635185 525795 253658 224762 317743 1957143 238029 1719114 1106092 1117267 1030056 1110402 992883 5356700 20384 16979 4097 41460 7355303 0.23370 0.23310 X FRONTIER NURSING SERVICE INCORPORATED IS A CHARITABLE ORGANIZATION THAT HAS BEEN IN EXISTENCE MORE THAN 35 YEARS WHICH IS FOCUSED ON RAISING, INVESTING, AND DISTRIBUTING FUNDS TO SUPPORT FRONTIER NURSING UNIVERSITY. THESE FUNDS SUPPORT STUDENT SCHOLARSHIPS, CAMPUS AND FACILITY NEEDS, FACULTY DEVELOPMENT, SPECIAL PROJECTS, AND GENERAL OPERATIONS. FRONTIER NURSING SERVICE, INCORPORATED MEETS THE 10% FACTS AND CIRCUMSTANCES TEST AND QUALIFIES AS A PUBLICLY SUPPORTED ORGANIZATION. TREAS. REG. SECTION 1.170A-9(F)(3) PROVIDES THAT IN ORDER TO MEET THE "FACTS AND CIRCUMSTANCES" TEST, AN ORGANIZATION MUST NORMALLY RECEIVE SUBSTANTIAL SUPPORT (MORE THAN 10%) FROM CONTRIBUTIONS FROM GOVERNMENTAL UNITS, THE GENERAL PUBLIC, OR A COMBINATION OF THESE SOURCES. THE FOLLOWING FACTORS ESTABLISH THE PUBLICLY SUPPORTED NATURE OF FRONTIER NURSING SERVICE, INCORPORATED UNDER THE FACTS-AND-CIRCUMSTANCES TEST: FRONTIER NURSING SERVICE INCORPORATED RECEIVES SUBSTANTIAL PUBLIC SUPPORT. THE CALCULATED PUBLIC SUPPORT PERCENTAGE OF FRONTIER NURSING SERVICE, INCORPORATED, ACCORDING TO SCHEDULE A, PART II, IS 23%, WHICH IS SUBSTANTIALLY ABOVE THE 10% THRESHOLD. THE PUBLIC SUPPORT PERCENTAGE IS BELOW ONE-THIRD, HOWEVER, DUE TO THE RECEIPT BY THE ORGANIZATION OF A HIGH AMOUNT OF INVESTMENT INCOME ON ITS ENDOWMENT FUNDS. IMPORTANTLY, THESE ENDOWMENT FUNDS WERE ORIGINALLY CONTRIBUTED TO THE ORGANIZATION BY MEMBERS OF THE GENERAL PUBLIC.FRONTIER NURSING SERVICE INCORPORATED MAINTAINS A CONTINUOUS AND BONA FIDE PROGRAM TO ATTRACT NEW PUBLIC AND GOVERNMENTAL SUPPORT.SINCE THE INCEPTION OF FRONTIER NURSING SERVICE LNCORPORATED, THE ORGANIZATION CONTINUES TO ATTRACT AN INCREASINGLY BROAD NUMBER OF CONTRIBUTORS THAT SUPPORT THE MISSION OF FRONTIER NURSING UNIVERSITY AS IT CONTINUES TO PROVIDE HIGH QUALITY EDUCATION TO NURSES SEEKING ADVANCED DEGREES, OFFER DISTANCE EDUCATION PROGRAMS, AND ENCOURAGE NURSES WHO ARE EDUCATED IN THEIR COMMUNITIES TO STAY IN THEIR COMMUNITIES.FRONTIER NURSING SERVICE INCORPORATED CONTINUES TO SEEK ADDITIONAL SOURCES OF FUNDING IN ITS MISSION TO SUPPORT FRONTIER NURSING UNIVERSITY.FRONTIER NURSING SERVICE INCORPORATED CARRIES ON ACTIVITIES DESIGNED TO ATTRACT SUPPORT FROM THE GOVERNMENT OR PUBLIC SOURCES.FRONTIER NURSING SERVICE INCORPORATED CARRIES ON THE TYPE OF ACTIVITIES THAT ARE DESIGNED TO ATTRACT PUBLIC SUPPORT BECAUSE IT SUPPORTS FRONTIER NURSING UNIVERSITY, ONE OF THE LEADING SCHOOLS IN THE UNITED STATES FOR NURSE-MIDWIFERY EDUCATION, GRADUATING OVER ONE-THIRD OF THE NEW NURSE-MIDWIVES ANNUALLY. THE EXPANSION OF NURSE-MIDWIFERY HAS BEEN RECOGNIZED AS A KEY STRATEGY TO IMPROVING ACCESS TO CARE FOR CHILDBEARING FAMILIES ACROSS THE COUNTRY FOR THE PURPOSE OF INCREASING THEIR HEALTH CARE OPTIONS AND IMPROVING BIRTH OUTCOMES.FRONTIER NURSING SERVICE INCORPORATED HAS A GOVERNING BODY THAT REPRESENTS THE BROAD INTERESTS OF THE PUBLIC. FROM INCEPTION, THE BOARD OF DIRECTORS OF THE ORGANIZATION HAS INCLUDED THE CEO , CFO, AND OTHER BOARD MEMBERS WHO ALSO SERVE ON THE BOARD OF DIRECTORS OF FRONTIER NURSING UNIVERSITY. THIS CLOSE RELATIONSHIP WITH FRONTIER NURSING UNIVERSITY ENSURES THAT THE BROAD INTERESTS OF THE PUBLIC ARE REPRESENTED BECAUSE, AMONG OTHER THINGS, IT MEANS THAT PERSONS HAVING SPECIAL KNOWLEDGE OR EXPERTISE IN HEALTHCARE MATTERS GENERALLY AND NURSE-MIDWIFERY SPECIFICALLY, ARE INCLUDED IN THE GOVERNANCE OF FRONTIER NURSING SERVICE INCORPORATED. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10728549 107522 1251700 871550 311996 10904225 11647197 37699 -81284 570196 304867 10728549 9501792 68377 3027879 557869 392982 11647197 10264834 220090 -246201 411360 325571 9501792 9503008 190298 1191531 80800 539203 10264834 0.58094 0.41906 0 0 0 FUNDS HELD FOR OTHERS 47483308 47483308 X PART V, LINE 4: TEMPORARILY RESTRICTED NET ASSETS ARE THOSE WHOSE USE BY THE FOUNDATION HAS BEEN LIMITED BY DONORS TO A SPECIFIC TIME PERIOD OR PURPOSE. PERMANENTLY RESTRICTED NET ASSETS HAVE BEEN RESTRICTED BY DONORS TO BE MAINTAINED BY THE FOUNDATION IN PERPETUITY. PART X, LINE 2: THE UNIVERSITY AND THE FOUNDATION ARE EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE). HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE UNIVERSITY'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. IN ADDITION, THE UNIVERSITY HAS BEEN DETERMINED BY THE INTERNAL REVENUE SERVICE NOT TO BE A PRIVATE FOUNDATION WITHIN THE CONTEXT OF SECTION 509(A) OF THE CODE. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE UNIVERSITY AND RECOGNIZE A TAX LIABILITY IF THE UNIVERSITY HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY VARIOUS FEDERAL AND STATE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE UNIVERSITY, AND HAS CONCLUDED THAT AS OF APRIL 30, 2023 AND 2022, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE UNIVERSITY IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE UNIVERSITY HAS FILED ITS FEDERAL INCOME TAX RETURNS FOR PERIODS THROUGH APRIL 30, 2022. THESE INCOME TAX RETURNS ARE GENERALLY OPEN TO EXAMINATION BY THE RELEVANT TAXING AUTHORITIES FOR A PERIOD OF THREE YEARS FROM THE LATER OF THE DATE THE RETURN WAS FILED OR ITS DUE DATE (INCLUDING APPROVED EXTENSIONS). 0 0 0 0 0 0 0 0 0 DR SUSAN STONE CHIEF EXECUTIVE OFFICER 0 472089 0 848 0 6102 0 46500 0 11144 0 536683 0 0 MICHAEL STEINMETZ CHIEF FINANCIAL OFFICER, PARTIAL YEA 0 163786 0 0 0 2377 0 13242 0 7196 0 186601 0 0 PART I, LINE 3 FRONTIER NURSING UNIVERSITY (RELATED ORGANIZATION, PARENT) USES THE FOLLOWING TO ESTABLISH THE COMPENSATION OF ITS CEO/EXECUTIVE DIRECTOR. - COMPENSATION COMMITTEE - INDEPENDENT COMPENSATION CONSULTANT - COMPENSATION SURVEY OR STUDY X 3 98110 FAIR MARKET VALUE 0 1 0 FORM 990, PART VI, SECTION A, LINE 6 FRONTIER NURSING UNIVERSITY, INC. IS THE SOLE MEMBER OF FRONTIER NURSING SERVICE INCORPORATED. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION HAS NO OTHER COMMITTEES SO THIS QUESTION HAS BEEN INTENTIONALLY ANSWERED "NO". FORM 990, PART VI, SECTION B, LINE 11B ORGANIZATION MANAGEMENT REVIEWS THE FORM 990 FOR ACCURACY, THEN DISTRIBUTES A FINAL COPY TO THE BOARD OF DIRECTORS PRIOR TO SUBMISSION TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EACH BOARD MEMBER IS REQUIRED TO READ AND SIGN A CONFLICT OF INTEREST POLICY ANNUALLY. WHEN ANY DIRECTOR, PRINCIPAL OFFICER, OR BOARD MEMBER WHO HAS A DIRECT OR INDIRECT FINANCIAL INTEREST IN ANY MATTER COMING BEFORE THE BOARD OF DIRECTORS, THE INTERESTED PERSON SHALL A FULLY DISCLOSE THE NATURE OF THE INTEREST AND B.) SHALL WITHDRAW FROM THE DISCUSSION WHILE THE DETERMINATION OF CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. ANY TRANSACTION OR VOTE INVOLVING A POTENTIAL CONFLICT OF INTEREST SHALL BE APPROVED ONLY WHEN A MAJORITY OF DISINTERESTED DIRECTORS DETERMINE THAT IT IS IN THE BEST INTEREST OF THE UNIVERSITY TO DO SO. THE MINUTES OF THE MEETINGS AT WHICH SUCH VOTES ARE TAKEN SHALL RECORD SUCH DISCLOSURE, ABSTENTION AND RATIONALE FOR APPROVAL. FORM 990, PART VI, SECTION B, LINE 15 BECAUSE COMPENSATION IS DETERMINED BY A RELATED ENTITY, THIS QUESTION IS ANSWERED "NO" IN ACCORDANCE WITH FORM 990 INSTRUCTIONS. FORM 990, PART VI, SECTION C, LINE 18 AVAILABLE UPON REQUEST. ALSO, PUBLICLY AVAILABLE AT HTTPS://APPS.IRS.GOV/APP/EOS/. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICIES ARE NOT REQUIRED DISCLOSURES PURSUANT TO IRC SECTION 6104. THESE DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC AT THIS TIME. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF ASSETS HELD BY FRONTIER NURSING UNIVERSITY (PARENT) -968,903. INTERCOMPANY TRANSFER TO FRONTIER NURSING UNIVERSITY -1,080,220. FORM 990, PART XII, LINE 2B THE METHOD DID NOT CHANGE FROM THE PRIOR YEAR. FRONTIER NURSING UNIVERSITY INC 2050 LEXINGTON ROAD VERSAILLES KY 40383 611124267 EDUCATIONAL SERVICES KY 501(C)(3) LINE 2 0 PERPETUAL TRUST (1) 2050 LEXINGTON ROAD VERSAILLES KY 40383 PERPETUAL TRUST NY T 0 PERPETUAL TRUST (1) 2050 LEXINGTON ROAD VERSAILLES KY 40383 PERPETUAL TRUST FL T 0 PERPETUAL TRUSTS (2) 2050 LEXINGTON ROAD VERSAILLES KY 40383 PERPETUAL TRUST KY T 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 1 0 1 0 FRONTIER NURSING UNIVERSITY INC P 209261 CASH FRONTIER NURSING UNIVERSITY INC R 1080220 CASH