2024-09-16T10:31:10-04:00 2023-12-31 561743537 LANGDON & COMPANY LLP 223 US HIGHWAY 70 EAST SUITE 100 GARNER NC 275294051 990 2023-01-01 566088142 NORTH CAROLINA MEDICAL SOCIETY FOUNDATION INC NORT 9198333836 PO BOX 27167 RALEIGH NC 27611 HURSHELL E BAGGETT JR CEO 9198333836 2024-09-05 true true SUSAN DEAN P01281194 9196621001 2024-09-16 2023 2024-08-08 14:25:15Z HURSHELL E BAGGETT JR PO BOX 27167 RALEIGH NC 27611 4142950 false X WWW.NCMSFOUNDATION.ORG X 1966 NC TO IMPROVE ACCESS TO QUALITY HEALTHCARE FOR ALL NORTH CAROLINIANS. 16 16 0 4597 3554 514827 2420339 140668 199272 690314 698663 0 1345809 3318274 240555 337063 0 632827 731159 0 107359 457967 405297 1331349 1473519 14460 1844755 21133016 24865225 1463940 1418416 19669076 23446809 X TO IMPROVE ACCESS TO QUALITY HEALTHCARE FOR ALL NORTH CAROLINIANS. false false 742604 327063 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. 316271 199272 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. 24060 THE OFFICE-BASED OPIOID TREATMENT (OBOT) PROJECT ESTABLISHES A COALITION OF ORGANIZATIONS TO FACILITATE THE EXPANSION OF MEDICATION ASSISTED TREATMENT AND A PLATFORM TO COORDINATE THE CARE AND SUPPORT FOR THE RECOVERY OF THOSE WITH OPIOID USE DISORDER. 197471 10000 OTHER PROGRAMS INCLUDE PHYSICIAN WELLNESS AND OUR COMMUNITY HEALTH INITIATIVE. 197471 10000 1280406 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 15 0 true 0 true true false false false false false false false false false false false false false false X 16 16 false false false false false false false true true false false true true true true true true true true false NC X LARRY CRAWFORD 9198333836 222 N PERSON ST RALEIGH NC 27601 HURSHELL E BAGGETT JR CEO 52.00 X 0 333945 38807 ASHLEY RODRIGUEZ CLO 40.00 X 0 185612 21591 MICHELLE LAWS DIRECTOR 40.00 X 0 187461 18827 SHAWN SCOTT COO 40.00 X 0 181966 21952 KRISTINA NATT OCH DAG VP TRAINING 40.00 X 166673 0 19881 FRANKLIN WALKER VP FOUNDATIO 40.00 X 161452 0 20488 ASHLEY NEWTON VP MEMBERSHI 40.00 X 0 150645 20053 ALLAN SKIPPER VP LIASON 40.00 X 0 146066 20003 PAMELA HIGHSMITH VP DEVELOPME 40.00 X 0 123638 18756 RANDY ALRIDGE VP COMMUNICA 40.00 X 0 107063 18199 RIAZ MULLICK VP FINANCE 40.00 X 0 100132 13178 LARRY CRAWFORD VP FINANCE 40.00 X 0 103712 5566 ARTHUR E APOLINARIO TRUSTEE 1.00 X 0 0 0 MARC R CARRUTH TRUSTEE 1.00 X 0 0 0 EMILY COLE TRUSTEE 1.00 X 0 0 0 SHIRISH DEVASTHALI TRUSTEE 1.00 X 0 0 0 PALMER EDWARDS TRUSTEE 1.00 X 0 0 0 LELAND GARRETT TRUSTEE 1.00 X 0 0 0 CYNTHIA GARY TRUSTEE 1.00 X 0 0 0 LACY HOBGOOD 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 ANDREW S LAMB PRESIDENT 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 TREASURER 1.00 X 0 0 0 328125 1620240 237301 2 false true false NORTH CAROLINA MEDICAL SOCIETY PO BOX 27167 RALEIGH NC 27611 MNGMT SERVICES 906645 1 26575 1800 2391964 2420339 CONTRACT REVENUE 149400 149400 TUITION 41000 41000 SERVICE FEE INCOME 561000 4597 4597 OTHER PSA REVENUE 4275 4275 199272 608188 608188 915151 824676 90475 90475 90475 3318274 285150 4597 608188 337063 337063 368494 337644 434 30416 257963 236367 304 21292 66254 60707 78 5469 38448 35229 45 3174 39520 39520 23705 21205 2500 44748 44748 9385 4050 5175 160 58968 29484 29484 68475 68475 15643 12869 2774 1907 1907 8000 8000 PROGRAM EDUCATIONAL EXP 100418 86817 13459 142 MISC 17545 5200 141 12204 TELEPHONE 6826 2924 3400 502 ADMIN SERVICES NCMS 4800 4800 5357 2852 763 1742 1473519 1280406 85754 107359 4414442 4965636 30000 1532737 11365 10750 30400 27757 4550 2643 16672659 18353459 21133016 24865225 532526 479591 921214 930425 10200 8400 1463940 1418416 X 408416 464902 19260660 22981907 19669076 23446809 21133016 24865225 1844755 1932978 X false true X true false X X 1 NORTH CAROLINA MEDICAL SOCIETY NC MEDICAL SOCIETY 560320130 10 true 906646 0 1 906646 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 17186176 750 2631026 -620649 -44748 19152555 21252175 2300 -3351667 -672072 -44550 17186176 20239774 1650 2049643 -987333 -51559 21252175 18926724 2050 2227636 -871914 -44723 20239773 16826897 2650 2873213 -740802 -35235 18926724 0.80030 0.19970 false false 30400 27757 2643 2643 X 5527481 1932978 320977 2253955 3273526 44748 44748 3318274 1749748 320977 320977 1428771 44748 44748 1473519 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, 2023, 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, 2023. true WORKFORCE RECRUITMENT 42 327063 FMV OTHER PROGRAMS 10000 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 311000 22500 445 12400 26407 372752 ASHLEY RODRIGUEZ CLO 185612 7400 14191 207203 MICHELLE LAWS DIRECTOR 187461 4667 14160 206288 SHAWN SCOTT COO 181966 7240 14712 203918 KRISTINA NATT OCH DAG VP TRAINING 166673 6726 13155 186554 FRANKLIN WALKER VP FOUNDATION 161452 6424 14064 181940 ASHLEY NEWTON VP MEMBERSHIP 150645 6070 13983 170698 ALLAN SKIPPER VP LIASON 146066 6320 13683 166069 ANDREW LAMB TRUSTEE 2550 CONTRIBUTION false ARTHUR APOLINARIO TRUSTEE 3070 CONTRIBUTION false HURSHELL E BAGGETT JR TRUSTEE 2700 CONTRIBUTION false JASON NEWTON TRUSTEE 600 CONTRIBUTION false KELLY PRING TRUSTEE 100 CONTRIBUTION false LYNDON K JORDAN III TRUSTEE 1000 CONTRIBUTION false MARC CARRUTH TRUSTEE 500 CONTRIBUTION false ROY E STROWD TRUSTEE 1000 CONTRIBUTION false SHIRISH DEVASTHALI TRUSTEE 1000 CONTRIBUTION false LACY HOBGOOD TRUSTEE 900 CONTRIBUTION false OSI UDEKWU TRUSTEE 2000 CONTRIBUTION false TIM REEDER TRUSTEE 2000 CONTRIBUTION false CYNTHIA GARY TRUSTEE 275 CONTRIBUTION false EMILY COLE TRUSTEE 1000 CONTRIBUTION false ASHLEY RODRIGUEZ OFFICER 1200 CONTRIBUTION false SHAWN SCOTT OFFICER 1200 CONTRIBUTION false SCHEDULE L, PART IV OSI UDEKWU 2,000 TRUSTEE CONTRIBUTION TIM REEDER 2,000 TRUSTEE CONTRIBUTION CYNTHIA GARY 275 TRUSTEE CONTRIBUTION EMILY COLE 1,000 TRUSTEE CONTRIBUTION ASHLEY RODRIGUEZ 1,200 OFFICER CONTRIBUTION SHAWN SCOTT 1,200 OFFICER CONTRIBUTION 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 320,977. THE FOUNDATION TRUSTEES, SOCIETY EMPLOYEES, AND THEIR RELATIVES CONTRIBUTED AND PLEDGED 28,456 TO THE FOUNDATION IN 2023. THERE WERE NO PLEDGES RECEIVABLE OUSTANDING FROM FOUNDATION TRUSTEES OR SOCIETY EMPLOYEES AT DECEMBER 31, 2023. 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 PHYSICIAN WELLNESS AND OUR COMMUNITY HEALTH 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.