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Colorado · Nonprofit

Friends of Nursing

Friends of Nursing (Colorado) receives grants from 5 organizations whose IRS filings report $221,909 to it, the largest being The Patten-Davis Foundation ($195,000). 2 of them have funded it in more than one year.

Revenue FY2025
$281k
Funders on record
5
Grants received
$222k
Net assets
$734k
2/5 repeat funderspeak grant-dependency 26%
01What it does

What Friends of Nursing does

Mission

Advance professional nursing by providing scholarships for quality education in baccalaureate and higher degree programs in Colorado schools of nursing.

As stated on its FY2025 Form 990.

Program

  1. Awarded scholarships to individuals enrolled in baccalaureate or higher degree programs in Colorado schools of nursing.

    $170,025 spentof which $170,025 as grants
    100% of program spending

The program described on its FY2024 Form 990. Program spending in total: $170,025.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($81k) Expenses 100 ($64k) Net assets 100 ($380k)2018 Revenue 50 ($41k) Expenses 106 ($68k) Net assets 95 ($362k)2019 Revenue 77 ($63k) Expenses 74 ($47k) Net assets 95 ($361k)2020 Revenue 98 ($80k) Expenses 126 ($81k) Net assets 91 ($348k)2021 Revenue 136 ($111k) Expenses 92 ($59k) Net assets 121 ($459k)2022 Revenue 217 ($176k) Expenses 124 ($79k) Net assets 146 ($556k)2023 Revenue 144 ($117k) Expenses 163 ($104k) Net assets 150 ($569k)2024 Revenue 225 ($182k) Expenses 185 ($118k) Net assets 166 ($633k)2025 Revenue 346 ($281k) Expenses 281 ($180k) Net assets 193 ($734k)
'17'18'19'20'21'22'23'24'25
Revenue (346)Expenses (281)Net assets (193)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2020 to 2021, from $348k to $459k (+32%).

$380k
$362k
$361k
$348k
$459k
$556k
$569k
$633k
$735k
'17'18'19'20'21'22'23'24'25
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

70% of Friends of Nursing’s revenue is contributions — about as donation-reliant as the typical peer (82% for the typical peer).

This organization
Typical peer · 14,893 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 9 reported years ran a deficit.

$17k
’17
−$27k
’18
$15k
’19
−$958
’20
$52k
’21
$97k
’22
$13k
’23
$64k
’24
$101k
’25
3.2
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

20172022202320242025
Listed1015151213
Joined··+3+2+3
No longer listed··352
03Who funds it

Who funds it, year by year

2021 → 2023: the base broadened from 2 funders to 3 funders, grant income rose $11k → $31k.

2 of 5 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 12% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of Friends of Nursing’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

Friends of Nursing leans on a few funders — its largest provides 88% of grant income and the top three 100%; half comes from just 1 funder.

the vertical line marks half of all grant income — 1 funder to its left

88%
largest funder
100%
top three
~1
effective funders

Largest funder’s share by year: 2021 95% · 2022 64% · 2023 82% — diversifying over time.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

100% of Friends of Nursing's grant income comes from Colorado funders.

MN
CO

In-state vs out-of-state, by year

’21
’22
’23
Colorado out of state home

Funder states come from each funder’s own filing. $26k arriving through sponsors registered in 2 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

Friends of Nursing runs a healthier operating margin than three-quarters of the 7,883 health nonprofits its size.

Operating margin36% · top quartile
Months of reserve3.2mo · below the median
Revenue growth (annualized)17% · above the median

this organization peer median middle 50% of peers· 7,883 health nonprofits $100k–$1M, FY2025

Organizations like Friends of Nursing

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Colorado

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

95% of spending goes to programs.

Program 95%Management 5%Fundraising 0%

Governance

13
board members
100%
independent
✓Conflict-of-interest policy–Whistleblower policy✓Document retention✓Board reviewed the 990–Audited financials

Public support

85%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Screen this organization

A dated, signed PDF of the compliance screen for Friends of Nursing: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds Friends of Nursing?
Friends of Nursing (Colorado) receives grants from 5 organizations whose IRS filings report $221,909 to it, the largest being The Patten-Davis Foundation ($195,000). 2 of them have funded it in more than one year.
How many funders does Friends of Nursing have?
IRS filings report 5 organizations giving $221,909 in grants to Friends of Nursing, 2 of which have funded it in more than one year.
Who is the largest funder of Friends of Nursing?
The Patten-Davis Foundation is the largest funder on record, with $195,000 in grants. The full list of funders is on this page.
How can an organization like Friends of Nursing find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Colorado. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Friends of Nursing →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 5 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing