2023-11-15T14:02:18-06:00 2022-12-31 561031342 WILLIAMS OVERMAN PIERCE LLP 2501 ATRIUM DRIVE SUITE 500 RALEIGH NC 27607 990 2022-01-01 560320130 NORTH CAROLINA MEDICAL SOCIETY NORT 9198333836 PO BOX 27617 RALEIGH NC 27611 HURSHELL E BAGGETT JR EXECUTIVE VP & CEO 9198333836 2023-11-13 1 HURSHELL BAGGETT JR 999009999 0 BRIAN SCHEPPERLEY CPA P01332750 9197823444 2023-11-13 X 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z HURSHELL E BAGGETT JR PO BOX 27617 RALEIGH NC 27611 5632655 0 X WWW.NCMEDSOC.ORG X 1859 NC TO ORGANIZE MEMBERS OF THE MEDICAL PROFESSION TO ADVANCE MEDICAL SCIENCE. 14 14 39 17 0 0 548656 975460 3092347 3631975 566387 273278 -238970 -246010 3968420 4634703 39943 967960 0 0 3480532 3439680 0 0 0 1043108 1547005 4563583 5954645 -595163 -1319942 15904542 13387854 1560152 1985375 14344390 11402479 TO ORGANIZE MEMBERS OF THE MEDICAL PROFESSION TO ADVANCE MEDICAL SCIENCE. 0 0 THE OLDEST PROFESSIONAL ORGANIZATION WITHIN THE STATE. THE NORTH CAROLINA MEDICAL SOCIETY (NCMS) BEGAN IN 1849 WHEN 25 PHYSICIANS UNITED TO ADVANCE MEDICAL SCIENCE AND TO RAISE THE STANDARDS FOR THEIR PROFESSION. TODAY, WE ARE MORE THAN 10,000 STRONG AND CHAMPION THE SAME GOALS AND IDEALS WHILE REPRESENTING THE INTERESTS OF PHYSICIANS AND PROTECTING THE QUALITY OF PATIENT CARE. THE NORTH CAROLINA MEDICAL SOCIETY EMPLOYEE BENEFIT PLAN (NCMS PLAN) IS THE ONLY STATEWIDE EMPLOYEE BENEFITS PLAN DESIGNED SPECIFICALLY FOR NORTH CAROLINA PHYSICIANS AS A BENEFIT OF SOCIETY MEMBERSHIP. WE RECEIVED FUNDING FROM THE NORTH CAROLINA DEPARTMENT OF HEALTH AND HUMAN SERVICES( NCDHHS) TO PROVIDE FOR A GRANT TO THE NEUROIMMUNE FOUNDATION ( FOUNDATION FOR CHILDREN WITH NEUROIMMUNE DISORDERS) ON JUNE 29, 2022 THE NCMS RECEIVED FUNDING OF $1,500,000. FUNDS IN THE AMOUNT OF $951,527 WERE DISBURSED TO THE NEUROIMMUNE FOUNDATION IN CALENDAR YEAR 2022. THE NORTH CAROLINA MEDICAL SOCIETY (NCMS) IS MONITORING EXPENDITURES ACCORDING TO THE GRANT CONTRACT AND BUDGET ON A QUARTERLY BASIS. IN DECEMBER OF 2022, THE NCMS COMPLETED A CONTRACT WITH STANFORD AND DISBURSED $508,762 IN FUNDS TO STANFORD UNIVERSITY THE FIRST WEEK OF JANUARY 2023. NCMS EXPENSES RELATED TO THIS GRANT WERE $39,711. 0 1 1 1 0 0 0 0 0 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 1 0 0 0 0 0 1 1 0 0 1 19 0 1 39 1 0 0 0 0 1 1 0 0 0 X 14 14 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X LARRY L CRAWFORD CPA 9198333836 222 N PERSON STREET RALEIGH NC 27601 ARTHUR E APOLOLINARIO MD PRESIDENT 0.50 X X 0 0 0 CLAUDE JARRETT MD MEMBER 0.50 X 0 0 0 PHILIP M BROWN JR MD MEMBER 0.50 X 0 0 0 RACHEL D KEEVER MD MEMBER 0.50 X 0 0 0 DANIELLE MAHAFFEY MD MEMBER 0.50 X 0 0 0 JOHN J MEIER IV MD SECRETARY-TREASURER 0.50 X X 0 0 0 EILEEN M RAYNOR MD PRESIDENT-ELECT 0.50 X X 0 0 0 MERRITT J SESHUL MD MEMBER 0.50 X 0 0 0 MICHAEL J UTECHT MD MEMBER 0.50 X 0 0 0 CARL J WESTCOTT MD MEMBER 0.50 X 0 0 0 EDWARD WHITESIDES MD MEMBER 0.50 X 0 0 0 KAREN L SMITH MEMBER 0.50 X 0 0 0 BRYANT A MURPHY MEMBER 0.50 X 0 0 0 RACHEL KEEVER MD MEMBER 0.50 X 0 0 0 FATIMA SYED MEMBER 0.50 X 0 0 0 JUDTTA KAHAI MD MEMBER 0.50 X 0 0 0 SHAWN SCOTT COO 50.00 X 182051 0 34532 HURSHELL E BAGGETT JR EXECUTIVE VP & CEO 50.00 X 300841 0 52907 ASHLEY H RODRIGUEZ CHIEF LEGAL OFFICER 50.00 X 175828 0 14040 FRANKLIN T WALKER VP - RURAL HEALTH SYSTEMS 50.00 X 156832 0 13920 KRISTINA NATT OCH DAG VP - LEADERSHIP DEVELOPMEN 50.00 X 163927 0 13692 ASHLEY D NEWTON VP - MEMBERSHIP DEVELOPMEN 50.00 X 146137 0 13848 WILLIAM A SKIPPER VP - SPECIALTY SOCIETY MAN 50.00 X 141428 0 12947 MICHELLE LAWS CHIEF EXPERIENCE OFFICER 50.00 X 169549 0 13552 1436593 0 169438 9 0 1 0 SMITH ANDERSON BLOUNT DORSETT MITCHE PO BOX 2611 RALEIGH NC 27602 LEGAL SERVICES 200000 1 967460 8000 975460 MEMBERSHIP DUES 900099 2277015 2277015 SPECIALTY & COUNTY SOCIETY SERVIC 900099 508050 508050 PRODUCT SERVICES REVENUE 900099 465798 390798 75000 SERVICE FEE REVENUE 900099 193146 193146 MEETING REVENUE 900099 161135 161135 26831 26831 3631975 305647 305647 255532 501542 -246010 -246010 -246010 464041 496410 -32369 -32369 -32369 4634703 3556975 0 102268 967960 981961 1874152 356402 227165 90 245799 18797 157995 35986 138954 78001 271741 159385 44072 MEMBERSHIP DEVELOPMENT 151102 TELEPHONE 48855 DELEGATES TO AMA 48024 REPAIRS & MAINTENANCE 39781 108423 5954645 1544632 1647764 885706 643146 764335 510206 33880 39671 9003700 5323770 3899743 3679930 5634915 3623092 3141331 3244045 15904542 13387854 370662 486279 1146156 1419095 43334 80001 1560152 1985375 X 14344390 11402479 14344390 11402479 15904542 13387854 -1319942 -1621969 0 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED NC MEDICAL SOCIETY FEDERAL POL ED & ACTION COMMITTEE PO BOX 25834 RALEIGH NC 27611 561290608 9349 NC MEDICAL SOCIETY STATE POL ED & ACTION COMMITTEE PO BOX 25834 RALEIGH NC 27611 561099029 92801 0 0 1 2277015 356415 29497 385912 356415 29497 PART I-A, LINE 1: ADMINISTRATIVE EXPENSES INCURRED ON BEHALF OF LISTED POLITICAL ACTION COMMITTEES. 490245 490245 5027982 3011873 2016109 2732154 1650934 1081220 689425 597069 92356 63894 63894 0 3679930 MSSI INVESTMENT 1000 C LOOMIS SALES GROWTH FUND CLASS Y 756252 F THE LONDON COMPANY INCOME EQUITY FUND CLASS R5 884406 F VOYA INTERMEDIATE BOND FUND CLASS I 902712 F TMPIX 699675 F 3244045 DEFERRED COMPENSATION 80001 80001 X PART X, LINE 2: THE ORGANIZATION EVALUATES ALL SIGNIFICANT TAX POSITIONS IN ACCORDANCE WITH THE FINANCIAL ACCOUNTING STANDARDS BOARD'S ("FASB") ACCOUNTING STANDARDS CODIFICATION ("ASC") 740-10, INCOME TAXES. AS OF DECEMBER 31, 2022, THE ORGANIZATION DOES NOT BELIEVE THAT IT HAS TAKEN ANY POSITIONS THAT WOULD REQUIRE THE RECORDING OF ANY ADDITIONAL TAX LIABILITY, NOR DOES IT BELIEVE THAT THERE ARE ANY UNREALIZED TAX BENEFITS THAT WOULD EITHER INCREASE OR DECREASE WITHIN THE NEXT YEAR. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. MANAGEMENT BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR TAX YEARS PRIOR TO 2019. 1 NEUROIMMUNE FOUNDATION PO BOX 25 COLGATE WI 53017 823128162 501(C)(3) 967460 0 TO CREATE A CONTINUING MEDICAL EDUCATION PROGRAM FOR NC PHYSICIANS FOR PEDIATRIC ACUTE ONSET NEUROPSYCHIATRIC SYNDROME (PANS) AND PEDIATRIC AUTOIMMUNE NEUROPSYCHIATRIC DISORDERS ASSOCIATED WITH STREPTOCOCCAL INFECTIONS (PANDAS). 1 PART I, LINE 2: THE GRANT RECIPIENT SUBMITS QUARTERLY REPORTS TO NORTH CAROLINA MEDICAL SOCIETY, WHICH HAVE BEEN REVIEWED BY THEIR CPA, AND AGREES TO THE DETAIL SENT. THE VP OF FINANCE REVIEWS THE REPORT AND SYSTEMATICALLY SPOT CHECKS EXPENSES TO ENSURE THEY ARE ALLOWABLE UNDER THE GRANT AND PROPERLY SUPPORTED. X 1 1 X X X X X 0 0 0 HURSHELL E BAGGETT JR EXECUTIVE VP & CEO 300841 0 0 0 0 0 16667 0 36240 0 353748 0 0 0 SHAWN SCOTT COO 182051 0 0 0 0 0 20000 0 14532 0 216583 0 0 0 ASHLEY H RODRIGUEZ CHIEF LEGAL OFFICER 175828 0 0 0 0 0 0 0 14040 0 189868 0 0 0 MICHELLE LAWS CHIEF EXPERIENCE OFFICER 169549 0 0 0 0 0 0 0 13552 0 183101 0 0 0 KRISTINA NATT OCH DAG VP - LEADERSHIP DEVELOPMEN 163927 0 0 0 0 0 0 0 13692 0 177619 0 0 0 FRANKLIN T WALKER VP - RURAL HEALTH SYSTEMS 156832 0 0 0 0 0 0 0 13920 0 170752 0 0 0 ASHLEY D NEWTON VP - MEMBERSHIP DEVELOPMEN 146137 0 0 0 0 0 0 0 13848 0 159985 0 0 0 WILLIAM A SKIPPER VP - SPECIALTY SOCIETY MAN 141428 0 0 0 0 0 0 0 12947 0 154375 0 0 0 PART I, LINE 1A HEALTH CLUB DUES ARE PROVIDED ON BEHALF OF THE ASSOCIATION EMPLOYEES. THESE DUES ARE NOT CONSIDERED TAXABLE TO THE RECIPIENT. NORTH CAROLINA MEDICAL SOCIETY EMPLOYEE BENEFIT TRUST VEBA SPONSOR 390798 SERVICE FEES 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS. THE MEMBERS ARE SEPARATED INTO THE FOLLOWING CATEGORIES: ACTIVE, NEWLY PRACTICING PHYSICIAN, RESIDENT/FELLOW, STUDENT, RETIRED, SEMI-RETIRED, DISABILITY EXEMPT, ASSOCIATE, LIFE, AFFILIATE, PHYSICIAN ASSISTANT, PHYSICIAN ASSISTANT STUDENT, HONORARY, AND ADMINISTRATIVE MEDICINE. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION'S MEMBERS ELECT INDIVIDUALS TO THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO APPROVAL BY THE MEMBERS OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B THE SOCIETY'S FINANCE COMMITTEE REVIEWS THE FORM 990 PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C IT SHALL BE THE CONTINUING RESPONSIBILITY OF BOARD, OFFICERS, MANAGEMENT, EMPLOYEES AND OTHERS AS MAY BE DESIGNATED BY THE BOARD TO SCRUTINIZE THEIR TRANSACTIONS AND OUTSIDE BUSINESS INTERESTS AND RELATIONSHIPS FOR POTENTIAL CONFLICTS AND TO IMMEDIATELY MAKE SUCH DISCLOSURES. FORM 990, PART VI, SECTION B, LINE 15 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 REGARDING CEO'S SALARIES AND BENEFITS ACROSS THE COUNTRY ARE ALSO TAKEN INTO ACCOUNT. THE EXECUTIVE VICE PRESIDENT'S COMPENSATION WAS LAST REVIEWED IN SEPTEMBER 2020. OTHER THAN THE PRESIDENT, OFFICERS DO NOT RECEIVE COMPENSATION OTHER THAN REIMBURSED EXPENSES. THE PRESIDENT HAS THE OPTION TO RECEIVE A $50,000 ANNUAL STIPEND. THE AMOUNT IS REVIEWED PERIODICALLY BY THE FINANCE COMMITTEE USING SURVEYS OF STIPENDS OF OTHER MEDICAL SOCIETIES ACROSS THE COUNTRY. THE FINANCE COMMITTEE THEN USES THOSE NUMBERS WITH OUR BUDGET LIMITATIONS AND AN AMOUNT IS INCLUDED IN THE ANNUAL BUDGET FOR APPROVAL BY THE FINANCE COMMITTEE AND THE BOARD OF DIRECTORS. EMPLOYEES' SALARIES ARE SET BY THE EXECUTIVE VICE PRESIDENT, CEO UPON HIRE. THE FINANCE COMMITTEE MAY APPROVE A SALARY INCREASE PERCENT IN THE ANNUAL OPERATING BUDGET THAT CONSIDERS FACTORS INCLUDING COST OF LIVING INCREASES, MERIT AND BUDGET FLEXIBILITY. FORM 990, PART VI, SECTION C, LINE 19 N.C. MEDICAL SOCIETY MAKES AVAILABLE TO THE PUBLIC ITS GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS VIA TWO METHODS: IN PERSON OR UPON REQUEST. FORM 990, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. NORTH CAROLINA MEDICAL SOCIETY EMPLOYEE BENEFIT TRUST 700 SPRING FOREST ROAD SUITE 40 RALEIGH NC 27609 562096193 VOLUNTARY EMPLOYEE BENEFIT ASSOCIATION NC 501(C)9 N/A 0 NC MEDICAL SOCIETY FEDERAL POL ED & ACTION COMMITTEE PO BOX 25834 RALEIGH NC 27611 561290608 POLITICAL ACTION COMMITTEE NC 527(F) NORTH CAROLINA MEDICAL SOCIETY 1 NC MEDICAL SOCIETY STATE POL ED & ACTION COMMITTEE PO BOX 25834 RALEIGH NC 27611 561099029 POLITICAL ACTION COMMITTEE NC 527(F) NORTH CAROLINA MEDICAL SOCIETY 1 CITIZENS FOR A HEALTHLY NORTH CAROLINA PO BOX 27617 RALEIGH NC 27611 560320130 POLITICAL FUND NC 527(F) NORTH CAROLINA MEDICAL SOCIETY 1 MEDICAL SOCIETY SERVICES INC PO BOX 27617 RALEIGH NC 27611 561590558 SALES & SERVICES NC C 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 NC MEDICAL SOCIETY STATE POL ED & ACTION COMMITTEE R 92801 CASH RECEIPTS