JOSIE KING FOUNDATION INC

EIN: 261118580 501(c)(3) Education

TOWSON, MD

Total Revenue
$22,459
Total Expenses
$36,952
Total Assets
$545,658
Net Assets
$500,371
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
MD
Principal Officer
SORREL KING
Phone
4105041866
Tax Period
2021-01-01 to 2021-12-31

JOSIE KING FOUNDATION INC, founded in 2007, is a micro nonprofit in the Education sector that reported $22K in total revenue in fiscal year 2021. Revenue fell 79% from the prior year — a significant decline worth monitoring. Expenses of $37K exceeded revenue, resulting in a 65% operating deficit.

Mission

THE JOSIE KING FOUNDATION PROVIDES PATIENT SAFETY TOOLS TO HOSPITALS, MEDICAL SCHOOLS AND NURSING SCHOOLS AND INDIVIDUALS ACROSS THE COUNTRY.

Program Service Accomplishments

Program 1
Expenses: $7,446 Revenue: $2,310

NURSING JOURNALS -In 2004, JKF created the Nurse's Journal in response to the growing awareness of the challenges in the nursing profession that can lead to stress and burnout. These journals have...

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NURSING JOURNALS -In 2004, JKF created the Nurse's Journal in response to the growing awareness of the challenges in the nursing profession that can lead to stress and burnout. These journals have been distributed to over 20,000 nurses from around the country. The Journal contains exercises that help nurses reflect on, and write about, work-related stress and personal issues that can affect their lives. It also includes before- and after- stress evaluation charts that enable nurses to assess their stress levels and note any changes after completing the journal exercises. This can help raise awareness of stress symptoms so they can be addressed in a timely manner. There are additional journal pages for free writing where nurses can write about whatever is on their minds. In 2011-12, JKF partnered with Medstar Georgetown University Hospital to revise and revamp the Nurse's Journal. The new Nurse's Journal continues to serve as a tool for the hard-working nurses who do so much for all of us; and, who sometimes perhaps forget to take care of themselves. In 2012, 4,212 Nurse's Journals were shipped to nurses across the country benefiting each nurse who has received one. In 2013 approximately 4,073 were shipped and in 2014, 1072 were distributed. In 2015, 2,509 copies were shipped out to nurses across the country. In 2016, 3,761 Nurse's Journals were shipped. In 2017, 1,699 Nurse's Journals were shipped across the country, and in 2018, 2,726 were shipped. In 2019, 770 Nurse's Journals were shipped. In 2021, 1,106 Nurse's Journals were shipped. A portion of Cost of Goods Sold expense of approximately $11,680 is for this program.

Program 2
Expenses: $5,122 Revenue: $3

PUBLIC AWARENESS - PUBLIC AWARENESS INCLUDES EXPENSES RELATED TO TRAVEL FOR EVENTS. SORREL KING, PRESIDENT AND CO-FOUNDER OF THE JOSIE KING FOUNDATION TRAVELS AROUND THE COUNTRY TO RAISE AWARENESS...

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PUBLIC AWARENESS - PUBLIC AWARENESS INCLUDES EXPENSES RELATED TO TRAVEL FOR EVENTS. SORREL KING, PRESIDENT AND CO-FOUNDER OF THE JOSIE KING FOUNDATION TRAVELS AROUND THE COUNTRY TO RAISE AWARENESS AROUND PATIENT safety. Sorrel King has become a nationally renowned patient safety advocate. As a public speaker, she travels the country spreading her message to hospitals, doctors, nurses, CEOS, board members, medical/nursing students and more in hopes that Josie's story will inspire change thus creating a better, safer healthcare industry for us all. Sorrel has spoken to hundreds of organizations reaching thousands of healthcare professionals. Also, a portion of the Foundation Coordinator's pay is also allocated to the Public Awareness category. The Coordinator is in charge of planning all aspects of these raising awareness speaking events. All communications from the Foundation to further promote a culture of safety are generated by the Foundation Coordinator. A portion of Cost of Goods Sold expense of approximately $12 is for this program.

Program 3
Expenses: $629 Revenue: $94

PINS - The Josie King Hero Pins were created for any and all healthcare providers who share their good catch story with the patient safety/quality team at their hospital. The idea is to help provide...

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PINS - The Josie King Hero Pins were created for any and all healthcare providers who share their good catch story with the patient safety/quality team at their hospital. The idea is to help provide a culture where caregivers are recognized and rewarded for finding the near misses, reporting them, and fixing them. The Josie King Hero pins are our way of thanking you for creating a culture of patient safety. A portion of Cost of Goods Sold expense of approximately $952 is for this program.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $7,125
Program Service Revenue $0
Investment Income $2,515
Other Revenue $12,819
TOTAL REVENUE $22,459

Expense Breakdown

Grants Paid $2,500
Salaries & Benefits $19,542
Fundraising Expenses $2,005
Program Expenses $12,989
Other Expenses $14,910
TOTAL EXPENSES $36,952

Year-over-Year Comparison

2021 2020 Change
Revenue $22,459 $105,133 -0.8%
Expenses $36,952 $103,802 -0.6%
Net Income $-14,493 $1,331 -11.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
6
Employees
1
Volunteers
6

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SORREL KING President 20.00
Officer Director
$0 $0 $0
TONY KING Vice President 0.50
Officer Director
$0 $0 $0
PETER PRONOVOST Director 0.25
Director
$0 $0 $0
RICHARD KIDWELL Director 0.25
Director
$0 $0 $0
KAREN FRUSH Director 0.25
Director
$0 $0 $0
PAUL BEKMAN Director 0.25
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2021 $22,459 $36,952 $545,658 $-14,493
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