2025-04-30T15:14:42-05:00 2024-06-30 BDO USA 421 Fayetteville Street Suite 300 Raleigh NC 27601 990 2024-03-28 993705462 METHODIST UNIVERSITY CAPE FEAR VALLEY HEALTH SCHOOL OF MEDICINE INC % JOHN WORTH METH 9106154314 5400 RAMSEY STREET FAYETTEVILLE NC 28311 JOHN WORTH SECRETARY-TREASURER 9106154314 2025-04-30 true true SANDRA L FEINSMITH P01064157 9192781936 2025-04-30 2023 2025-03-06 01:10:19Z X X HERSHEY BELL MD 5400 RAMSEY STREET FAYETTEVILLE NC 28311 2189825 false X N/A X 2024 NC SEE SCHEDULE O 9 9 0 9 0 0 0 2189825 0 0 0 0 0 0 0 2189825 0 0 0 0 0 0 0 0 0 0 2189825 0 2189825 0 0 0 0 0 0 0 0 X The Methodist University Cape Fear Valley Health School of Medicine, Inc. (the Corporation) is a North Carolina nonprofit corporation created to operate as a supporting organization of The Methodist University, Inc. (MU or the University), within the meaning of Section 509(a)(3) of the Internal Revenue Code of 1986, as amended (the Code). MU (Tax ID No. 56-0657294), a Section 501(c)(3) organization classified as a section 170(b)(1)(A)(ii) nonprofit school, operates Methodist University, a private university located in Fayetteville, North Carolina. The Corporation is a wholly owned subsidiary of MU, and MU is the Corporation's sole member. As further discussed below, the Corporation's particular purpose is to provide financial support and financial management services to MU, primarily in connection with MU's establishment and operation of a new school of medicine in partnership with Cumberland County Hospital System, Inc. d/b/a Cape Fear Valley Health System (CFVHS). Pursuant to an Affi false false 2189825 0 0 Support the planning of the application to start the Methodist University Cape Fear Valley Health School of Medicine. The application has been submitted to the Liaison Committee for Medical Education (LCME) of the AAMC and the LCME has granted the school "candidate" status. The next step in the accreditation process is an on-site visit by the LCME scheduled for May 2025. If successfully accredited the school will admit its first class of 64 medical students in July 2026. 2189825 true true false false false false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false false false false false false false false false true false false false true 0 0 0 false false false false false false false false false false false false X 9 9 false false false false false true true true true false false true true true true false false true true false X JOHN WORTH 9106154314 5400 RAMSEY STREET FAYETTEVILLE NC 28311 Franklin Clark BOARD MEMBER (MU) 1.0 0.0 X 0 0 0 Alicia Flowers BOARD MEMBER (CFVHS) 1.0 0.0 X 0 0 0 Bret Johnson BOARD MEMBER (CFVHS) 1.0 40.0 X 0 0 0 Lucy Jones BOARD MEMBER (MU) 1.0 0.0 X 0 0 0 Michael Nagowski BOARD MEMBER (CFVHS) 1.0 40.0 X 0 0 0 Dan McNeill BOARD MEMBER (MU) 1.0 0.0 X 0 0 0 Tammy Thurman BOARD MEMBER (CFVHS) 1.0 0.0 X 0 0 0 Walter Tippet BOARD MEMBER (MU) 1.0 0.0 X 0 0 0 Stanley Wearden BOARD MEMBER (MU) 1.0 40.0 X 0 0 0 Hershey Bell PRESIDENT/DEAN, SCHOOL OF MED 32.0 8.0 X 0 0 0 John Worth SECRETARY-TREASURER 16.0 24.0 X 0 0 0 0 0 0 0 false false false 0 2189825 2189825 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2189825 0 0 0 0 0 0 0 0 0 0 2063577 2063577 0 0 0 0 0 102134 102134 0 2340 2340 6780 6780 0 0 14994 14994 0 0 0 0 0 0 2189825 2189825 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 0 0 0 0 0 0 0 0 0 X X false true X true false X X 1 METHODIST UNIVERSITY 560657294 2 true 0 0 1 0 0 true false false false false false false false false false false false false false false true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED FORM 990, PART I, LINE 1: THE CORPORATION EXISTS FOR THE PURPOSE OF SERVING METHODIST UNIVERSITY (MU), AS ITS SOLE MEMBER AND SUPPORTED ORGANIZATION, AND CAPE FEAR VALLEY HEALTH SYSTEM (CFVHS), IN THEIR JOINT SPONSORSHIP OF THE SCHOOL OF MEDICINE (SOM), AND, IN THAT SENSE, THE CORPORATION'S PROVISION OF GOODS, SERVICES, AND FUNDS IS LIMITED THERETO. ITS ACTIVITIES AS A SUPPORTING ORGANIZATION, HOWEVER, SERVE THE GREATER CUMBERLAND COUNTY POPULATION AND THE SOUTHEASTERN NC COMMUNITY IN THEIR ACCESS TO QUALITY EDUCATIONAL AND HEALTHCARE SERVICES. FORM 990, PART VI, SECTION A, LINE 7A: METHODIST UNIVERSITY - 5 MEMBERS; CAPE FEAR VALLEY HEALTH SYSTEM - 4 MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B: AFTER REVIEW AND APPROVAL BY THE METHODIST UNIVERSITY CAPE FEAR VALLEY HEALTH SCHOOL OF MEDICINE, INC. BOARD, GOVERNANCE DECISIONS ARE ALSO THEN SUBJECT TO APPROVAL BY THE METHODIST UNIVERSITY BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11B: REVIEWED AND APPROVED BY THE METHODIST UNIVERSITY CAPE FEAR VALLEY HEALTH SCHOOL OF MEDICINE, INC. BOARD OF TRUSTEES PRIOR TO FILING THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C: EACH BOARD MEMBER, OFFICER AND KEY EMPLOYEE WILL SIGN A CONFLICT OF INTEREST POLICY AT LEAST ONCE ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15A & 15B: RECOMMENDATIONS ARE MADE TO METHODIST UNIVERSITY LEADERSHIP BASED ON REVIEW OF NATIONAL DATA (PUBLISHED BY THE AAMC AMERICAN ASSOCIATION OF MEDICAL COLLEGES). FORM 990, PART VI, SECTION C, LINE 19: THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST AT THIS TIME. Form 990, PART XII, LINE 2C: THIS IS THE FIRST YEAR (SHORT YEAR) OF OPERATIONS OF THE ORGANIZATION. THE FINANCIAL STATEMENT WAS CONSOLIDATED INTO THE METHODIST UNIVERSITY AUDITED FINANCIAL STATEMENTS. Methodist University 5400 Ramsey StREET Fayetteville NC 28311 560657294 University NC 501(C)(3) LINE 2 NA false CUMBERLAND COUNTY HOSPITAL SYSTEM INC 1608 Owen DrIVE Fayetteville NC 28702 560845796 Hospital NC 501(C)(3) LINE 3 NA false false false true false false false false false false false false false false true true false false false false SCHEDULE R, PART II, IDENTIFICATION OF RELATED TAX-EXEMPT ORGANIZATIONS: NAME: CUMBERLAND COUNTY HOSPITAL SYSTEM, INC. D/B/A CAPE FEAR VALLEY HEALTH SYSTEM EIN: 56-0845796