Nonprofit · EIN 56-2096193
NORTH CAROLINA MEDICAL SOCIETY EMPLOYEE BENEFIT TRUST
Tax-exempt · RALEIGH, NC 27609
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $45,996,137 | $55,147,724 | -$9,151,587 | $13,704,276 | $5,128,742 | $8,575,534 |
| December 31, 2024 | 990 | $47,837,781 | $52,613,797 | -$4,776,016 | $24,111,332 | $5,837,527 | $18,273,805 |
| December 31, 2023 | 990 | $45,166,434 | $49,222,917 | -$4,056,483 | $29,038,709 | $4,335,285 | $24,703,424 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $45,013,421
- Investment income
- $982,716
- Net gain from sales of assets
- $419,130
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $50,000
- Benefits paid to members
- $48,591,594
- Compensation of officers, directors and key employees
- $9,000
- Salaries, compensation and benefits (total)
- $9,000
- Professional fundraising fees
- $0
- Legal fees
- $69,477
- Accounting fees
- $58,633
Balance sheet and other
- Total assets, start of year
- $24,111,332
- Total assets, end of year
- $13,704,276
- Total liabilities, end of year
- $5,128,742
- Net assets, end of year
- $8,575,534
- Publicly traded securities
- $2,747,725
- Gross receipts
- $77,375,428
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1998
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KENNETH A HOLT MD | CHAIR Trustee or director, Officer | 2 | $5,000 |
| WILLIAM INGRAM III MD | TRUSTEE Trustee or director | 1 | $2,000 |
| MARY ANN CONTAGIANNIS MD | TRUSTEE Trustee or director | 1 | $1,500 |
| SANDY COHEN MD | TRUSTEE (OUTGOING 2025) Trustee or director | 1 | $500 |
990 for the year ended December 31, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KENNETH A HOLT MD | CHAIR Trustee or director, Officer | 2 | $3,000 |
| SANDY COHEN MD | TRUSTEE Trustee or director | 1 | $500 |
| WILLIAM INGRAM III MD | TRUSTEE Trustee or director | 1 | $500 |
| MARY ANN CONTAGIANNIS MD | TRUSTEE Trustee or director | 1 | $500 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KENNETH A HOLT MD | CHAIR Trustee or director, Officer | 2 | $4,000 |
| SANDY COHEN MD | TRUSTEE Trustee or director | 1 | $1,500 |
| WILLIAM INGRAM III MD | TRUSTEE Trustee or director | 1 | $1,500 |
| MARY ANN CONTAGIANNIS MD | TRUSTEE Trustee or director | 1 | $1,000 |
Address and contacts
- Address (IRS master file)
- 700 SPRING FOREST RD STE 400, RALEIGH, NC 27609-9124
- In care of
- % STEVEN W SAWYER
- Principal officer (990 for 2025)
- DR KENNETH A HOLT MD, 700 SPRING FOREST ROAD 400, RALEIGH, NC 27609
- Signed the 990
- DR KENNETH A HOLT MD, CHAIRMAN
- Phone
- (919) 878-7502
- Website
- WWW.NCMSPLAN.COM
- Return prepared by
- JOHNSON LAMBERT LLP
Mission
THE NORTH CAROLINA MEDICAL SOCIETY EMPLOYEE BENEFIT PLAN PROVIDES NORTH CAROLINA PHYSICIANS WITH A VALUE-ADDED PLAN THAT IS STRAIGHTFORWARD AND SPECIFICALLY CUSTOMIZED TO MEET THEIR PRACTICE AND EMPLOYEES' NEEDS. AS THE ONLY STATEWIDE HEALTH BENEFITS PLAN DESIGNED EXCLUSIVELY FOR NORTH CAROLINA PHYSICIANS, THE NCMS PLAN OFFERS CHOICES THAT ARE UNIQUE TO THE MARKET.
Program accomplishments
- THE TRUST PROVIDES HEALTH, DENTAL, AND LIFE INSURANCE BENEFITS TO ELIGIBLE MEMBERS OF THE NORTH CAROLINA MEDICAL SOCIETY AND THEIR EMPLOYEES.
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 | 990 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
- 56-2096193
- Tax-exempt status
- 501(c)(9): Voluntary employees' beneficiary association
- Donations deductible
- No
- Exempt since
- 2001
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E80)
- Assets (IRS master file)
- $13,704,276
- Income (IRS master file)
- $77,375,428
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $45,996,137 | $55,147,724 | $13,704,276 | XML |
| 990 | December 2024 | $47,837,781 | $52,613,797 | $24,111,332 | XML |
| 990 | December 2023 | $45,166,434 | $49,222,917 | $29,038,709 | XML |
| 990 | December 2022 | $49,002,886 | $51,354,376 | $33,134,903 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 56-2096193).
Questions about NORTH CAROLINA MEDICAL SOCIETY EMPLOYEE BENEFIT TRUST
- What is the EIN of NORTH CAROLINA MEDICAL SOCIETY EMPLOYEE BENEFIT TRUST?
- The employer identification number (EIN) of NORTH CAROLINA MEDICAL SOCIETY EMPLOYEE BENEFIT TRUST is 56-2096193.
- Is NORTH CAROLINA MEDICAL SOCIETY EMPLOYEE BENEFIT TRUST tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 2001.
- Are donations to NORTH CAROLINA MEDICAL SOCIETY EMPLOYEE BENEFIT TRUST tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does NORTH CAROLINA MEDICAL SOCIETY EMPLOYEE BENEFIT TRUST 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 EMPLOYEE BENEFIT TRUST due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NORTH CAROLINA MEDICAL SOCIETY EMPLOYEE BENEFIT TRUST last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of NORTH CAROLINA MEDICAL SOCIETY EMPLOYEE BENEFIT TRUST?
- The 990 for the year ended December 31, 2025 names DR KENNETH A HOLT MD.
- Who are the officers and directors of NORTH CAROLINA MEDICAL SOCIETY EMPLOYEE BENEFIT TRUST?
- The 990 for the year ended December 31, 2025 lists 4 people; 4 received compensation from the organization, the highest $5,000 (KENNETH A HOLT MD, CHAIR).
- How much revenue does NORTH CAROLINA MEDICAL SOCIETY EMPLOYEE BENEFIT TRUST have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $45,996,137, expenses of $55,147,724 and total assets of $13,704,276 at year end.
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