2025-10-07T14:33:02-04:00 2024-12-31 561743537 LANGDON & COMPANY LLP 223 US HIGHWAY 70 EAST SUITE 100 GARNER NC 275294051 990 2024-01-01 566088142 NORTH CAROLINA MEDICAL SOCIETY FOUNDATION INC NORT 9198333836 PO BOX 27167 RALEIGH NC 27611 STEPHEN W KEENE CEO 9198333836 2025-10-07 true true JESSICA DUPREE P02000926 9196621001 2025-10-07 2024 2025-03-06 01:10:19Z STEPHEN W KEENE PO BOX 27167 RALEIGH NC 27611 7404429 false X WWW.NCMSFOUNDATION.ORG X 1966 NC TO IMPROVE ACCESS TO QUALITY HEALTHCARE FOR ALL NORTH CAROLINIANS. 15 15 0 1090 90 2420339 871014 199272 81759 698663 1658480 0 3318274 2611253 337063 876222 0 731159 732245 0 209684 405297 599898 1473519 2208365 1844755 402888 24865225 25449057 1418416 1449035 23446809 24000022 X TO IMPROVE ACCESS TO QUALITY HEALTHCARE FOR ALL NORTH CAROLINIANS. false false 1074405 513222 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. 331879 81759 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. 230147 150000 THE PHYSICIAN WELLNESS PROGRAM DEVOTES RESOURCES TO PHYSICIANS' WELL-BEING TO HELP REDISCOVER THE JOY OF PRACTICING MEDICINE AND THE BEAUTY OF RECONNECTING WITH PATIENTS. EFFORTS ARE FOCUSED ON CHANGING THE CULTURE AROUND SEEKING HELP, GATHERING, AND DISSEMINATING BEST PRACTICES, EDUCATION AND BUILDING FINANCIAL RESOURCES. 237584 213000 OTHER PROGRAMS INCLUDE OFFICE-BASED OPIOD TREATMENT AND OUR COMMUNITY HEALTH INITIATIVE. 237584 213000 1874015 true true false false false false false false false true false false false false false true true false false false false false false false false false false true true true false false false false false true false false false false false false false false false false false true X 10 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 LARRY CRAWFORD 9198333836 222 N PERSON ST RALEIGH NC 27601 X HURSHELL E BAGGETT JR CEO 52.00 X 0 346171 49695 SHAWN SCOTT COO 40.00 X 0 189980 22448 JOHN THOMPSON VP EXTERNAL 40.00 X 0 190615 21798 ASHLEY RODRIGUEZ CLO 40.00 X 0 189965 21790 FRANKLIN WALKER VP PRACTICE 40.00 X 0 171670 20664 ASHLEY NEWTON VP SOC MGMT 40.00 X 0 159214 20489 ALLAN SKIPPER VP LIASON 40.00 X 0 151133 19865 LARRY CRAWFORD VP FINANCE 40.00 X 0 151087 7442 PAMELA HIGHSMITH VP MMEBERSHI 40.00 X 0 130740 19185 RANDY ALRIDGE VP COMMUNICA 40.00 X 0 115249 18515 KELLY WILSON DIRECTOR OPE 40.00 X 0 105694 17319 EVAN SIMMONS CHIEF OF STA 40.00 X 0 112106 6081 KATHERINE CROOM DIRECTOR FIN 40.00 X 0 101140 17031 MICHELLE LAWS FORMER DIREC 40.00 X 0 113333 0 FRANK SNYDER DIRECTOR MEM 40.00 X 0 95790 16915 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 PRESIDENT 1.00 X 0 0 0 CHRIS GRUBB 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 MICHELLE JONES TRUSTEE 1.00 X 0 0 0 VENKAT PRASAD TRUSTEE 1.00 X 0 0 0 TIMOTHY REEDER TRUSTEE 1.00 X 0 0 0 VINAY SARANGA TRUSTEE 1.00 X 0 0 0 OSI UDEKWU TREASURER 1.00 X 0 0 0 2323887 279237 true true false NORTH CAROLINA MEDICAL SOCIETY PO BOX 27167 RALEIGH NC 27611 MNGMT SERVICES 1013582 1 1800 869214 871014 CONTRACT REVENUE 75000 75000 TUITION 4900 4900 SERVICE FEE INCOME 561000 1090 1090 OTHER PSA REVENUE 769 769 81759 813119 813119 5638537 4793176 845361 845361 845361 2611253 926030 1090 813119 588000 588000 288222 288222 192333 156698 1107 34528 418087 340624 2407 75056 83137 67733 479 14925 38688 31520 223 6945 175936 143591 32345 32529 24507 3909 4113 49130 49130 8502 7491 568 443 31945 11310 18758 1877 83092 83092 15902 15702 200 2643 2643 16000 16000 PROGRAM EDUCATIONAL EXP 112294 46209 1729 64356 ADMIN SERVICES NCMS 52466 42899 4800 4767 MISC 7607 3777 1998 1832 TELEPHONE 5000 5000 6852 1640 4570 642 2208365 1874015 124666 209684 4965636 4550474 1532737 753250 10750 2643 18353459 20145333 24865225 25449057 479591 532244 930425 878941 8400 37850 1418416 1449035 X 464902 270827 22981907 23729195 23446809 24000022 24865225 25449057 402888 150325 X false true X true false X X 1 NORTH CAROLINA MEDICAL SOCIETY NC MEDICAL SOCIETY 560320130 10 true 1013582 0 1 1013582 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 19152555 300 1807342 -520615 -49130 20390452 17186176 750 2631026 -620649 -44748 19152555 21252175 2300 -3351667 -672072 -44550 17186176 20239774 1650 2049643 -987333 -51559 21252175 18926724 2050 2227636 -871914 -44723 20239773 0.75580 0.24420 false false X 3036524 150325 324076 474401 2562123 49130 49130 2611253 2483311 324076 324076 2159235 49130 49130 2208365 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, 2024 AND 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, 2024 AND 2023. true FAITH PRIMARY CARE 431 S MAIN ST STE 5 RUTHERFORDTON NC 28139 854178723 100000 DISASTER RELIEF HENDERSONVILLE PEDIATRICS 600 BEVERLY HANKS CT HENDERSONVILLE NC 28792 561024215 100000 DISASTER RELIEF HOPE HEALTH FAMILY PRACTICE 204 W MAIN ST ROWLAND NC 28383 10000 MEDICAL EQUIPMENT BRIE FOLKNER MD PC 1158 GREENWOOD RD SPRUCE PINE NC 28777 465668836 15000 DISASTER RELIEF ASCEND PEDIATRIC PULMONARY PLLC 49 MCDOWELL ST STE B ASHEVILLE NC 28801 922737392 10000 DISASTER RELIEF ASHE FAMILY HEALTHCARE 952 US HIGHWAY 221 BUS WEST JEFFERSON NC 28694 263922682 10000 DISASTER RELIEF ASHEVILLE ARTHRITIS & OSTEOPOROSIS 4 VANDERBILT PARK DRIVE ASHEVILLE NC 28803 561426545 10000 DISASTER RELIEF ASHEVILLE CHILDREN'S MEDICAL CENTER 7 VANDERBILT PARK DR SUITE 100A ASHEVILLE NC 28803 561803405 10000 DISASTER RELIEF ASHEVILLE EAR NOSE & THROAT PA 1065 HENDERSONVILLE ROAD ASHEVILLE NC 28803 560960842 10000 DISASTER RELIEF ASHEVILLE NEUROLOGY SPECIALISTS PA 731 DOGWOOD ROAD ASHEVILLE NC 28806 200912649 10000 DISASTER RELIEF ASHEVILLE NON-SURGICAL ORTHOPEDICS 675 BILTMORE AVE STE F ASHEVILLE NC 28803 850938481 10000 DISASTER RELIEF ASHEVILLE PEDIATRIC ASSOCIATES 2 MEDICAL PARK DRIVE STE 1000 ASHEVILLE NC 28803 560954228 10000 DISASTER RELIEF ASHEVILLE REGENERATIVE ORTHOPEDICS 1257 HENDERSONVILLE RD STE A ASHEVILLE NC 28803 853015810 10000 DISASTER RELIEF BEACON DERMATOLOGY PLLC 76 PEACHTREE RD STE 120 ASHEVILLE NC 28803 883310770 10000 DISASTER RELIEF BILTMORE DERMATOLOGY ASSOCIATES 80 PEACHTREE RD STE 106 ASHEVILLE NC 28803 562246826 10000 DISASTER RELIEF DOCTOR T MD PLLC 177 BAILEYS BRANCH RD MARSHALL NC 28753 10000 DISASTER RELIEF FORSNIGHT CENTER FOR SEXUAL HEALTH 6 YORKSHIRE ST STE D ASHEVILLE NC 28803 10000 DISASTER RELIEF HENDERSONVILLE DERMATOLOGY PLLC 15 MARKET CENTER DR FLAT ROCK NC 28731 811000278 10000 DISASTER RELIEF KINGS CLINIC AND URGENT CARE PLLC 407 W KING STREET KINGS MOUNTAIN NC 28086 870762669 10000 DISASTER RELIEF LEGACY RECOVERY AND WELLNESS PC 840 FLEMING ST STE 1 HENDERSONVILLE NC 28791 872145903 10000 DISASTER RELIEF MARK L HOCH MC PLLC 18 DEVA GLEN RD ASHEVILLE NC 28804 814922436 10000 DISASTER RELIEF MOUNTAIN MEDICAL ARTS PLLC 2 S MAIN ST BURNSVILLE NC 28714 020710207 10000 DISASTER RELIEF RACHAEL MCLEAN PA-C PLLC 6 FAIR OAKS RD ARDEN NC 28704 863837466 10000 DISASTER RELIEF RIVERROCK CLINIC PLLC 2 WEAVERVILLE RD STE 201 WOODFIN NC 28804 934808404 10000 DISASTER RELIEF SERENITY PSYCHIATRY OF NC PLLC 900 HENDERSONVILLE RD STE 204C ASHEVILLE NC 28803 405110257 10000 DISASTER RELIEF DR LORNA BREEN HEROES' FOUNDATION 1867 WINSTON ROAD CHARLOTTESVILLE VA 22903 851509081 501C3 150000 PROGRAM SUPPORT 1 25 WORKFORCE RECRUITMENT 11 288222 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 315000 31171 13847 35848 395866 SHAWN SCOTT COO 189980 7599 14849 212428 JOHN THOMPSON VP EXTERNAL AFFAIRS 190615 7625 14173 212413 ASHLEY RODRIGUEZ CLO 189965 7599 14191 211755 FRANKLIN WALKER VP PRACTICE SOL 171670 6867 13797 192334 ASHLEY NEWTON VP SOC MGMT 159214 6369 14120 179703 ALLAN SKIPPER VP LIASON 151133 6045 13820 170998 LARRY CRAWFORD VP FINANCE 151087 6043 1399 158529 MICHELLE LAWS FORMER DIRECTOR 113333 113333 TRACY ESKRA TRUSTEE 50 CONTRIBUTION false BELINDA BATTLE-MCKOY TRUSTEE 160 CONTRIBUTION false CYNTHIA GARY TRUSTEE 300 CONTRIBUTION false EVAN SIMMONS OFFICER 300 CONTRIBUTION false MARC CARRUTH TRUSTEE 500 CONTRIBUTION false LELAND GARRETT TRUSTEE 564 CONTRIBUTION false SHAWN SCOTT OFFICER 850 CONTRIBUTION false CARL WESTCOTT TRUSTEE 1000 CONTRIBUTION false LACY HOBGOOD TRUSTEE 1200 CONTRIBUTION false ASHLEY RODRIGUEZ OFFICER 1200 CONTRIBUTION false JUGTA KAHAI TRUSTEE 1200 CONTRIBUTION false JOHN MEIER TRUSTEE 1200 CONTRIBUTION false MARTIN PALMIERI TRUSTEE 1750 CONTRIBUTION false PASCAL UDEKWU TRUSTEE 2000 CONTRIBUTION false EILEEN RAYNOR TRUSTEE 2350 CONTRIBUTION false TIM REEDER TRUSTEE 2400 CONTRIBUTION false HURSHELL E BAGGETT JR TRUSTEE 2700 CONTRIBUTION false ANDREW LAMB TRUSTEE 3750 CONTRIBUTION false SCHEDULE L, PART IV JUGTA KAHAI 1,200 TRUSTEE CONTRIBUTION JOHN MEIER 1,200 TRUSTEE CONTRIBUTION MARTIN PALMIERI 1,750 TRUSTEE CONTRIBUTION PASCAL UDEKWU 2,000 TRUSTEE CONTRIBUTION EILEEN RAYNOR 2,350 TRUSTEE CONTRIBUTION TIM REEDER 2,400 TRUSTEE CONTRIBUTION HURSHELL E. BAGGETT, JR 2,700 TRUSTEE CONTRIBUTION ANDREW LAMB 3,750 TRUSTEE 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 324,076. THE FOUNDATION TRUSTEES, SOCIETY EMPLOYEES, AND THEIR RELATIVES CONTRIBUTED AND PLEDGED 26,258 TO THE FOUNDATION IN 2024. THERE WERE NO PLEDGES RECEIVABLE OUSTANDING FROM FOUNDATION TRUSTEES OR SOCIETY EMPLOYEES AT DECEMBER 31, 2024. 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 OFFICE-BASED OPIOD TREATMENT 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. FORM 990, PART VII EFFECTIVE JULY 1, 2025 STEPHEN W. KEENE REPLACED HURSHELL E. BAGGETT, JR AS CEO OF THE FOUNDATION. MR. KEENE WAS NOT AN OFFICER IN 2024 AND THEREFORE NO COMPENSATION IS REPORTED.