2023-11-07T16:13:43-05:00 2022-12-31 561743537 LANGDON & COMPANY LLP 223 US HIGHWAY 70 EAST SUITE 100 GARNER NC 275294051 990 2022-01-01 566088142 NORTH CAROLINA MEDICAL SOCIETY FOUNDATION INC NORT 9198333836 PO BOX 27167 RALEIGH NC 27611 HURSHELL E BAGGETT JR CEO 9198333836 2023-11-07 true HURSHELL BAGGETT 999009999 true JESSICA DUPREE P02000926 9196621001 2023-11-07 2022 2023-04-26 12:10:37Z HURSHELL E BAGGETT JR PO BOX 27167 RALEIGH NC 27611 2530013 false X WWW.NCMSFOUNDATION.ORG X 1966 NC TO IMPROVE ACCESS TO QUALITY HEALTHCARE FOR ALL NORTH CAROLINIANS. 15 15 0 3271 2271 478693 514827 197718 140668 1692421 690314 0 2368832 1345809 570115 240555 0 452608 632827 0 80853 436002 457967 1458725 1331349 910107 14460 25149476 21133016 1408329 1463940 23741147 19669076 X TO IMPROVE ACCESS TO QUALITY HEALTHCARE FOR ALL NORTH CAROLINIANS. false false 577054 240555 THE WORKFORCE RECRUITMENT AND RETENTION PROGRAM INCLUDES THE COMMUNITY PRACTITIONER PROGRAM (CPP. THE MAIN PURPOSE IS TO IMPROVE ACCESS TO CARE FOR PATIENTS LIVING IN RURAL AND/OR UNDER-SERVED AREAS OF NORTH CAROLINA. THE CPP RECRUITS AND RETAINS PRIMARY CARE PROVIDERS AS WELL AS GENERAL SURGEONS AND PSYCHIATRISTS THROUGH THE PROVISION OF EDUCATIONAL LOAN REPAYMENT AS WELL AS PRACTICE MANAGEMENT AND CLINICAL QUALITY SERVICES. CPP WORKS IN CONCERT WITH ADDITIONAL WORKFORCE EFFORTS THROUGHOUT THE STATE TO ASSESS HEALTH CARE WORKFORCE NEEDS AND PLAN STRATEGICALLY IN ORDER TO ASSURE A QUALITY PHYSICIAN WORKFORCE FOR UNDER-SERVED PATIENTS AND COMMUNITIES. 335619 140668 LEADERSHIP DEVELOPMENT INITIATIVES FALL UNDER THE UMBRELLA OF THE KANOF INSTITUTE FOR PHYSICIAN LEADERSHIP (KIPL). KIPL'S MAIN PURPOSE IS TO PREPARE PHYSICIANS TO LEAD IN AN EVOLVING HEALTH CARE SYSTEM. KIPL OPERATES 2 EDUCATION PROGRAMS INCLUDING THE NCMS LEADERSHIP COLLEGE AND HEALTH CARE LEADERSHIP AND MANAGEMENT AND CUSTOMIZED TRAINING FOR PRACTICES SEEKING MORE INDIVIDUALIZED LEARNING. 138910 OUR COMMUNITY HEALTH INITIATIVE ENDEAVORS TO FORM A COALITION THAT FOSTERS SINGLE SOURCE COLLABORATION BETWEEN COMMUNITY BASED ORGANIZATIONS (CBO'S) CURRENTLY PROVIDING SERVICES THAT IMPROVE HEALTH, WITH LOCAL HEALTHCARE PROVIDERS AND SOCIAL SUPPORT NETWORKS. 178901 OTHER PROGRAMS INCLUDE PROJECT OFFICE BASED OPIOID TREATMENT, PHYSICIAN WELLNESS, DISASTER RELIEF, AND RURAL ACCOUNTABLE CARE ORGANIZATION INITIATIVE. 178901 1230484 true true false false false false false false false true true false false false false true true false false false false false false false false false false false true true false false false false false true false false false false false false false false false false false true X 12 0 true 0 true true false false false false false false false false false false false false false false X 15 15 false false false false false false false true true false false true true true true true true true true false NC X SHAWN SCOTT 9198333836 222 N PERSON ST RALEIGH NC 27601 HURSHELL E BAGGETT JR CEO 52.00 X 0 300841 48588 KRISTINA NATT OCH DAG VP OF EDUCAT 40.00 X 163927 0 19991 FRANKLIN WALKER VP OF SOLUTI 40.00 X 156832 0 19675 ARTHUR E APOLINARIO TRUSTEE 1.00 X 0 0 0 MARC R CARRUTH TRUSTEE 1.00 X 0 0 0 PALMER EDWARDS TRUSTEE 1.00 X 0 0 0 CYNTHIA GARY TRUSTEE 1.00 X 0 0 0 ROY STROWD III TRUSTEE 1.00 X 0 0 0 LYNDON K JORDAN TRUSTEE 1.00 X 0 0 0 RACHEL D KEEVER TRUSTEE 1.00 X 0 0 0 ANDREW S LAMB PRESIDENT 1.00 X 0 0 0 KATIE LOWRY TRUSTEE 1.00 X 0 0 0 CONNETTE MCMAHON TRUSTEE 1.00 X 0 0 0 JASON NEWTON TRUSTEE 1.00 X 0 0 0 KELLY A PRING TRUSTEE 1.00 X 0 0 0 TIMOTHY REEDER TRUSTEE 1.00 X 0 0 0 OSI UDEKWU TRUSTEE 1.00 X 0 0 0 MICHAEL UTECHT TRUSTEE 1.00 X 0 0 0 320759 300841 88254 2 false true false NORTH CAROLINA MEDICAL SOCIETY PO BOX 27167 RALEIGH NC 27611 MNGMT SERVICES 784017 1 1800 513027 514827 CONTRACT REVENUE 107650 107650 TUITION 28671 28671 SERVICE FEE INCOME 561000 3271 3271 OTHER PSA REVENUE 1076 1076 140668 712431 712431 1162087 1184204 -22117 -22117 -22117 1345809 115280 3271 712431 240555 240555 360425 334148 4065 22212 184701 171235 2083 11383 54542 50566 615 3361 33159 30741 375 2043 165613 165613 16143 11070 2445 2628 16274 13116 2836 322 51971 28000 23971 28000 28000 22854 19647 103 3104 1907 1907 17405 17405 PROGRAM EDUCATIONAL EXP 119894 110600 407 8887 ADMIN SERVICES NCMS 4800 4800 DUES AND SUBSCRIPTIONS 4681 4144 537 TELEPHONE 3560 3029 531 4865 2615 376 1874 1331349 1230484 20012 80853 3857302 4414442 28000 30000 9000 11365 30400 25850 6457 4550 21248717 16672659 25149476 21133016 369065 532526 1027264 921214 12000 10200 1408329 1463940 X 385425 408416 23355722 19260660 23741147 19669076 25149476 21133016 14460 -4041981 -44550 X false true X true false X X 1 NORTH CAROLINA MEDICAL SOCIETY NC MEDICAL SOCIETY 560320130 10 true 784017 0 1 784017 0 true false true true false false false false false false false false false false false false false false PART IV, SECTION A, LINE 3B DURING PREPARATION OF THE FORM 990, IT WAS DETERMINED THAT THE SUPPORTED SOCIETY SATISFIED THE PUBLIC SUPPORT REQUIREMENTS UNDER SECTION 509 (A) (2). PART IV, SECTION C, LINE 1 BOTH ORGANIZATIONS SHARE A PLURALITY OF COMMON DIRECTORS AS WELL AS THEIR HIGHEST RANKED MANAGEMENT OFFICIAL. IN ADDITION THE BY-LAWS OF THE ORGANIZATION WILL ENGAGE IN CHARITABLE, EDUCATIONAL AND SCIENTIFIC ACTIVITIES ON BEHALF OF THE SUPPORTED ORGANIZATION. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 21252175 2300 -3351667 -672072 -44550 17186176 20239774 1650 2049643 -987333 -51559 21252175 18926724 2050 2227636 -871914 -44723 20239773 16826897 2650 2873213 -740802 -35235 18926724 19871166 11375 -935367 -2120277 16826897 0.88490 0.11510 false false 30400 25850 4550 4550 X -2281597 -4041981 459125 -3582856 1301259 44550 44550 1345809 1790474 459125 459125 1331349 1331349 SCHEDULE D, PAGE 2, PART V, LINE 4 ENDOWMENT EARNINGS ARE SPENT BASED ON BOARD APPROVED BUDGETS DEVELOPED TO MEET THE NEED OF VARIOUS PROGRAMS SUPPORTED BY THE FOUNDATION'S ENDOWMENTS. SCHEDULE D, PAGE 3, PART X THE FOUNDATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS CLASSIFIED AS A PUBLICLY SUPPORTED ORGANIZATION. DURING THE YEAR ENDED DECEMBER 31, 2022, THE FOUNDATION HAD A MINIMAL AMOUNT OF INCOME SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. THE FOUNDATION EVALUATES ANY UNCERTAIN TAX POSITIONS. ACCORDINGLY, THE FOUNDATIONS POLICY IS TO RECORD A LIABILITY FOR ANY TAX POSITION TAKEN THAT IS BENEFICIAL TO THE FOUNDATION, INCLUDING ANY RELATED INTEREST AND PENALTIES, WHEN IT IS MORE LIKELY THAN NOT THE POSITION OF MANAGEMENT WITH RESPECT TO A TRANSACTION OR CLASS OF TRANSACTIONS WILL BE OVERTURNED BY A TAXING AUTHORITY UPON EXAMINATION. MANAGEMENT DOES NOT BELIEVE ANY SIGNIFICANT INCOME TAX UNCERTAINTIES EXIST AS OF DECEMBER 31, 2022. true 45 WORKFORCE RECRUITMENT 45 240555 FMV SCHEDULE I, PAGE 1, PART I, LINE 2 ELEGIBILITY CRITERIA ARE ESTABLISHED FOR EACH GRANT PROGRAM. AMONG OTHER FACTORS, CRITERIA INCLUDE FINANCIAL NEED AS EVIDENCE BY A REVIEW OF FINANCIAL STATEMENTS. FOR WORKFORCE RECRUITEMENT AND RETENTION GRANTS, GIVEN THROUGH THE COMMUNITY PRACTITIONER PROGRAM, AN ADDITIONAL CRITERIA OF PRACTICE LOCATION IN AN UNDERSERVED COMMUNITY IS ALSO A FACTOR. WHILE GRANTS ARE MADE ON BEHALF OF INDIVIDUALS, PAYMENTS ARE MADE DIRECTLY TO THE LEADING INSTITUTION FOR THE COMMUNITY PRACTITIONER PROGRAM.LOAN STATEMENTS ARE REVIEWED REGULARLY AND TREATMENT PROVIDERS REQUIRED TO VERIFY THAT FUNDS ARE EXPENDED ON ELIGIBLE PARTICIPANTS AND TO RETURN ANY UNSPENT FUNDS. X X false false false false false false false false false HURSHELL E BAGGETT JR CEO 300000 841 12080 36508 349429 KRISTINA NATT OCH DAG VP OF EDUCATION 163927 6560 13431 183918 FRANKLIN WALKER VP OF SOLUTIONS 156000 832 6240 13435 176507 ANDREW LAMB TRUSTEE 2300 CONTRIBUTION false ARTHUR APOLINARIO TRUSTEE 1500 CONTRIBUTION false HURSHELL E BAGGETT JR TRUSTEE 2700 CONTRIBUTION false JASON NEWTON TRUSTEE 500 CONTRIBUTION false KELLY PRING TRUSTEE 100 CONTRIBUTION false KRISTINA NATT OCH DAG KEY EMPLOYEE 210 CONTRIBUTION false LYNDON K JORDAN III TRUSTEE 5010 CONTRIBUTION false MARC CARRUTH TRUSTEE 4925 CONTRIBUTION false PALMER EDWARDS TRUSTEE 250 CONTRIBUTION false ROY E STROWD TRUSTEE 1030 CONTRIBUTION false SCHEDULE L, PART V THE ACCOUNTING RECORDS OF THE FOUNDATION ARE MAINTIANED BY THE SOCIETY PERSONEL WHO ALSO PROVIDE LEGAL REPRESENTATION AND PROMOTIONAL SERVICES. THE FOUNDATION PAID THE SOCIETY 4,800 FOR THESE SERVICES. THE SOCIETY MADE IN-KIND SERVICE DONATIONS TO THE FOUNDATION TOTALING 459,125. THE FOUNDATION TRUSTEES, SOCIETY EMPLOYEES, AND THEIR RELATIVES CONTRIBUTED AND PLEDGED 29,702 TO THE FOUNDATION IN 2022. THERE WERE NO PLEDGES RECEIVABLE OUSTANDING FROM FOUNDATION TRUSTEES OR SOCIETY EMPLOYEES AT DECEMBER 31, 2022. FORM 990 THE ORGANIZATION CONDUCTS CERTAIN ACTIVITIES ON BEHALF OF AND IN SUPPORT OF THE NORTH CAROLINA MEDICAL SOCIETY, A PUBLIC CHARITABLE ORGANIZATION QUALIFIED UNDER IRC SEC 501(C)(3). SINCE THE ELEMENTS OF CONTROL NECESSARY FOR CONSOLIDATION ARE NOT PRESENT, THE AUDITED FINANCIAL STATEMENTS FOR THE ORGANIZATION ARE REPORTED IN AN INDEPENDENT FORMAT. HOWEVER, ALL APPLICABLE DISCLOSURES AND TRANSACTION AMOUNTS FOR INTER-ORGANIZATION TRANSACTIONS ARE REPORTED ON THE ORGANIZATION'S FORM 990, INCLUDING PART VII, SCHEDULE A, SCHEDULE B, SCHEDULE I, AND SCHEDULE O. FORM 990, PAGE 2, PART III, LINE 4D OTHER PROGRAMS INCLUDE PROJECT OFFICE BASED OPIOID TREATMENT, PHYSICIAN WELLNESS, DISASTER RELIEF, AND RURAL ACCOUNTABLE CARE ORGANIZATION INITIATIVE. FORM 990, PART V ALL EMPLOYEES OF THE ORGANIZATION ARE PAID DIRECTLY BY THE NC MEDICAL SOCIETY WHOM THE ORGANIZATION IN TURN REIMBURSES FOR LABOR COSTS VIA THE MANAGEMENT FEE (AS LISTED ON PART VII, SEC B.) FORM 990, PAGE 6, PART VI, LINE 11B THE FOUNDATION'S FINANCE COMMITEE REVIEWS THE FORM 990 PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PAGE 6, PART VI, LINE 12C IT SHALL BE THE CONTINUING RESPONSIBILITY OF THE BOARD, OFFICERS, MANAGEMENT, EMPLOYEES, AND OTHERS (AS MAY BE DESIGNATED BY THE BOARD) TO SCRUTINIZE THEIR TRANSACTIONS AND OUTSIDE BUSINESS INTEREST AND RELATIONSHIPS FOR POTENTIAL CONFLICTS AND TO IMMEDIATELY MAKE SUCH DISCLOSURES. FORM 990, PAGE 6, PART VI, LINE 15A THE CHIEF EXECUTIVE OFFICER'S SALARY IS SET BY THE BOARD COMPENSATION COMMITTEE COMPRISED OF BOARD OFFICERS. THE COMMITTEE MEETS EARLY IN THE YEAR AND SET GOALS FOR THE YEAR. THE COMMITTEE WILL MEET LATE IN THE YEAR TO REVIEW THE ATTAINMENT OF SET GOALS AND SET SALARY, BONUSES AND INCENTIVES BASED ON PERFORMANCE OF SUCH. OTHER INFORMATION INCLUDING SURVEYS FROM OTHER MEDICAL SOCIETIES ARE ALSO TAKEN INTO ACCOUNT. THE EXECUTIVE VICE PRESIDENT'S COMPENSATION WAS LAST REVIEWED IN OCTOBER 2020. FORM 990, PAGE 6, PART VI, LINE 15B THE EXECUTIVE VICE PRESIDENT'S SALARY IS SET BY THE BOARD COMPENSATION COMMITTEE COMPRISED OF BOARD OFFICERS. THE COMMITTEE MEETS EARLY IN THE YEAR AND SET GOALS FOR THE YEAR. THE COMMITTEE WILL MEET LATE IN THE YEAR TO REVIEW THE ATTAINMENT OF SET GOALS AND SET SALARY, BONUSES AND INCENTIVES BASED ON PERFORMANCE OF SUCH. OTHER INFORMATION INCLUDING SURVEYS FROM OTHER MEDICAL SOCIETIES ARE ALSO TAKEN INTO ACCOUNT. THE EXECUTIVE VICE PRESIDENT'S COMPENSATION WAS LAST REVIEWED IN OCTOBER 2022. FORM 990, PAGE 6, PART VI, LINE 19 NORTH CAROLINA MEDICAL SOCIETY FOUNDATION, INC MAKES AVAILABLE TO THE PUBLIC ITS GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY AND FINANCIAL STATEMENTS VIA TWO METHODS: IN PERSON OR UPON REQUEST.