Nonprofit · EIN 56-0320130
NORTH CAROLINA MEDICAL SOCIETY 203
Tax-exempt · RALEIGH, NC 27611
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $11,310,691 | $5,125,516 | $6,185,175 | $22,868,865 | $5,410,357 | $17,458,508 |
| December 31, 2023 | 990 | $4,885,420 | $5,971,747 | -$1,086,327 | $12,696,953 | $1,563,922 | $11,133,031 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $10,000
- Program service revenue
- $5,137,909
- Investment income
- $6,185,735
- Net rental income
- -$22,953
- Net gain from sales of assets
- $5,839,268
- Other revenue
- -$22,953
Expenses
- Grants and similar amounts paid
- $13,000
- Compensation of officers, directors and key employees
- $1,018,040
- Other salaries and wages
- $1,850,345
- Salaries, compensation and benefits (total)
- $3,516,577
- Professional fundraising fees
- $0
- Legal fees
- $60,045
- Travel
- $62,977
- Depreciation
- $241,902
Balance sheet and other
- Total assets, start of year
- $12,696,953
- Total assets, end of year
- $22,868,865
- Total liabilities, end of year
- $5,410,357
- Net assets, end of year
- $17,458,508
- Land, buildings and equipment
- $756
- Publicly traded securities
- $5,568,795
- Net assets without donor restrictions
- $17,458,508
- Gross receipts
- $17,408,533
- Employees
- 33
- Volunteers
- 0
- Year formed
- 1859
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| HURSCHELL E BAGGETT JR | CHIEF EXECUTIVE OFFICER Officer | 50 | $346,171 | $49,695 |
| JOHN THOMPSON | VICE PRESIDENT EXTERNAL AFFAIRS Highest-paid employee | 40 | $179,728 | $21,798 |
| ASHLEY H RODRIGUEZ | CHIEF LEGAL OFFICER Officer | 40 | $170,206 | $21,790 |
| SHAWN SCOTT | IMMEDIATE PAST CEO Officer | 40 | $161,575 | $22,448 |
| ASHLEY D NEWTON | VP, SOCIETIES MANAGEMENT Highest-paid employee | 40 | $153,032 | $20,489 |
| ALLAN SKIPPER | VICE PRESIDENT LIAISON Highest-paid employee | 40 | $151,133 | $19,865 |
| FRANKLIN T WALKER | VICE PRESIDENT PRACTICE SOLUTIONS Highest-paid employee | 40 | $141,170 | $20,664 |
| LARRY CRAWFORD | VICE PRESIDENT OF FINANCE Highest-paid employee | 40 | $151,087 | $7,442 |
| MICHELLE LAWS | CHIEF KNOWLEDGE OFFICER Officer | 40 | $113,333 | $0 |
| EVAN SIMMONS | CHIEF OF STAFF Officer | 40 | $99,988 | $6,081 |
| EILEEN RAYNOR | MD, PRESIDENT Trustee or director, Officer | 0.5 | $0 | $0 |
| JOHN J MEIER IV MD | MD, PRESIDENT-ELECT Trustee or director, Officer | 0.5 | $0 | $0 |
| TRACY ESKRA MD | MD, SECRETARY TREASURER Trustee or director, Officer | 0.5 | $0 | $0 |
| CLAUDE JARRETT | MD, REGION 1 Trustee or director | 0.5 | $0 | $0 |
| CHARUL HAUGAN | MD, REGION 2 Trustee or director | 0.5 | $0 | $0 |
7 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KAREN SMITH | MD, REGION 3 Trustee or director | 0.5 | $0 |
| MARTIN PALMERI | MD, REGION 4 Trustee or director | 0.5 | $0 |
| WILLIAM FERRELL | MD, AT-LARGE Trustee or director | 0.5 | $0 |
| JUGTA KAHAI | MD, AT-LARGE Trustee or director | 0.5 | $0 |
| BRYANT MURPHY | MD, AT-LARGE Trustee or director | 0.5 | $0 |
| CARL WESTCOTT | MD, AT-LARGE Trustee or director | 0.5 | $0 |
| RONALD B LANEY JR | MD, AT-LARGE Trustee or director | 0.5 | $0 |
990 for the year ended December 31, 2023: 23 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| HURSCHELL E BAGGETT JR | EXECUTIVE VICE PRESIDENT & CEO Officer | 50 | $350,611 | $33,902 |
| SHAWN SCOTT | CHIEF OPERATING OFFICER Officer | 50 | $201,966 | $14,084 |
| MICHELLE LAWS | CHIEF EXPERIENCE OFFICER Highest-paid employee | 40 | $187,461 | $13,553 |
| ASHLEY H RODRIGUEZ | CHIEF LEGAL OFFICER Officer | 40 | $185,612 | $13,582 |
| KRISTINA NATT OCH DAG | VP, LEADERSHIP DEVELOPMENT Highest-paid employee | 40 | $166,673 | $14,478 |
| FRANKLIN T WALKER | VP, RURAL HEALTH SYSTEMS INNOVATION Highest-paid employee | 40 | $161,452 | $13,292 |
| ASHLEY D NEWTON | VP, ASSOCIATION MANAGEMENT Highest-paid employee | 40 | $150,645 | $13,383 |
| WILLIAM A SKIPPER | VP, EXTERNAL AFFAIRS Highest-paid employee | 40 | $146,066 | $13,092 |
| ARTHUR E APOLOLINARIO MD | PAST PRESIDENT Trustee or director | 0.5 | $0 | $0 |
| MICHEAL UTECHT MD | MEMBER Trustee or director | 0.5 | $0 | $0 |
| CLAUDIUS JARRETT MD | MEMBER Trustee or director | 0.5 | $0 | $0 |
| CHARUL HAUGAN MD | MEMBER Trustee or director | 0.5 | $0 | $0 |
| RACHEL KEEVER MD | MEMBER Trustee or director | 0.5 | $0 | $0 |
| JOHN J MEIER IV MD | PRESIDENT-ELECT Trustee or director, Officer | 0.5 | $0 | $0 |
| EILEEN M RAYNOR MD | PRESIDENT Trustee or director, Officer | 0.5 | $0 | $0 |
| TRACY ESKRA MD MBA | SECRETARY-TREASURER Trustee or director, Officer | 0.5 | $0 | $0 |
| CARL J WESTCOTT MD | MEMBER Trustee or director | 0.5 | $0 | $0 |
| KAREN L SMITH | MEMBER Trustee or director | 0.5 | $0 | $0 |
| BRYANT A MURPHY | MEMBER Trustee or director | 0.5 | $0 | $0 |
| MARTIN PALMERI MD | MEMBER Trustee or director | 0.5 | $0 | $0 |
| JUDTTA KAHAI MD | MEMBER Trustee or director | 0.5 | $0 | $0 |
| WILLIAM G FERRELL MD | MEMBER Trustee or director | 0.5 | $0 | $0 |
| RONNIE LANEY JR MD | MEMBER Trustee or director | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 27167, RALEIGH, NC 27611-7167
- Principal officer (990 for 2024)
- STEPHEN W KEENE, PO BOX 27617, RALEIGH, NC 27611
- Signed the 990
- STEPHEN W KEENE, EXECUTIVE VP & CEO
- Phone
- (919) 833-3836
- Website
- WWW.NCMEDSOC.ORG
- Return prepared by
- WILLIAMS OVERMAN PIERCE LLP
Mission
TO ORGANIZE MEMBERS OF THE MEDICAL PROFESSION TO ADVANCE MEDICAL SCIENCE.
Program accomplishments
- 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.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 56-0320130
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1944
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $22,868,865
- Income (IRS master file)
- $17,408,533
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $11,310,691 | $5,125,516 | $22,868,865 | IRS |
| 990 | December 2023 | $4,885,420 | $5,971,747 | $12,696,953 | XML |
| 990 | December 2022 | $4,634,703 | $5,954,645 | $13,387,854 | IRS |
| 990 | December 2021 | $3,968,420 | $4,563,583 | $15,904,542 | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 56-0320130).
Questions about NORTH CAROLINA MEDICAL SOCIETY 203
- What is the EIN of NORTH CAROLINA MEDICAL SOCIETY 203?
- The employer identification number (EIN) of NORTH CAROLINA MEDICAL SOCIETY 203 is 56-0320130.
- Is NORTH CAROLINA MEDICAL SOCIETY 203 tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1944.
- Are donations to NORTH CAROLINA MEDICAL SOCIETY 203 tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does NORTH CAROLINA MEDICAL SOCIETY 203 file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NORTH CAROLINA MEDICAL SOCIETY 203 due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NORTH CAROLINA MEDICAL SOCIETY 203 last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of NORTH CAROLINA MEDICAL SOCIETY 203?
- The 990 for the year ended December 31, 2024 names STEPHEN W KEENE.
- Who are the officers and directors of NORTH CAROLINA MEDICAL SOCIETY 203?
- The 990 for the year ended December 31, 2024 lists 22 people; 10 received compensation from the organization, the highest $346,171 (HURSCHELL E BAGGETT JR, CHIEF EXECUTIVE OFFICER).
- How much revenue does NORTH CAROLINA MEDICAL SOCIETY 203 have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $11,310,691, expenses of $5,125,516 and total assets of $22,868,865 at year end.
Other nonprofits in RALEIGH
- STATE CHARTERED CREDIT UNIONS INC EIN 56-0475645 · last filed 990 for 2025
- WAKEMED EIN 56-6017737 · last filed 990 for 2025
- REX HOSPITAL INC EIN 56-1509260 · last filed 990 for 2025
- NORTH CAROLINA ELECTRIC MEMBERSHIP CORPORATION EIN 56-0995910 · last filed 990 for 2025
- NORTH CAROLINA INSURANCE EIN 23-7102759 · last filed 990 for 2025
- NC STATE INVESTMENT FUND INC EIN 31-1607634 · last filed 990 for 2025
- NORTH CAROLINA JOINT UNDERWRITING ASSOCIATION EIN 56-1222676 · last filed 990 for 2025
- FOOD BANK OF CENTRAL & EASTERN NORTH CAROLINA INC EIN 56-1283426 · last filed 990 for 2025