North Carolina Academy Of Family Physicians Foundation
- Assets
- $3.4m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- 10/1990
- Data as of
- 12/2023
- EIN
- 56-1686052
Organization Overview
North Carolina Academy Of Family Physicians Foundation is located in Raleigh, NC. The organization was established in 1990. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Carolina Academy Of Family Physicians Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, North Carolina Academy Of Family Physicians Foundation generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 12.6% each year . All expenses for the organization totaled $666.2k during the year ending 12/2023. While expenses have increased by 10.1% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT THE ADVANCEMENT OF FAMILY MEDICINE IN NORTH CAROLINA BY FOSTERING STUDENT INTEREST IN FAMILY MEDICINE, ENHANCING THE HEALTH OF THE CITIZENS OF OUR STATE, AND ENCOURAGING PHYSICIAN WELL-BEING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NCAFP AND NCAFP FOUNDATION COOPERATED TO HOST ITS ANNUAL WINTER FAMILY PHYSICIANS WEEKEND MEETING, WHERE MEDICAL STUDENTS HAD OPPORTUNITIES TO MEET WITH RESIDENCY PROGRAMS AND LEARN ABOUT FAMILY MEDICINE AS A SPECIALTY WHILE ALSO BEING EXPOSED TO EDUCATIONAL AND HANDS-ON OPPORTUNITIES. THE FOUNDATION PROVIDED MEDICAL STUDENTS TRAVEL ASSISTANCE TO ATTEND THIS CONFERENCE. THE NCAFP FOUNDATION GRANTED MULTIPLE SCHOLARSHIPS TO NORTH CAROLINA MEDICAL STUDENTS CONSIDERING CAREERS AS FAMILY PHYSICIANS. THE FOUNDATION ORGANIZED TWO SUMMER PROGRAMS TO PROVIDE MEDICAL STUDENTS TWO WORK WEEK CLINICAL EXPERIENCES ACROSS THE STATE. THE SUMMER PROGRAM PAID STIPENDS TO STUDENTS AND PRECEPTORS AS WELL AS COVERED DIRECT PROGRAM COSTS.
THE FOUNDATION, WITH FUNDS PROVIDED BY UNITED HEALTHCARE, ESTABLISHED THE FAMILY MEDICINE PRACTICE TELEMEDICINE AND MEDICAL SCRIBE PILOT PROGRAM TO SUPPORT SMALL MEDICAL PRACTICES WHICH ARE CONTINUING TO IMPLEMENT TELEHEALTH. THE PROGRAM WILL PROVIDE FUNDING OF $100,000 TO THREE PARTICIPATING PRACTICES. THE PROGRAM FUNDS ARE TO BE USED TO HIRE NEW SCRIBES OR MEDICAL ASSISTANTS FOR A YEAR-LONG PROJECT TO BETTER INTEGRATE IN-PERSON AND VIRTUAL VISITS INTO THE PRACTICES' CLINICAL WORKFLOWS. BY INCREASING THE EFFICIENCY OF THESE VISITS, THE PARTICIPATING PRACTICES CAN INCREASE ACCESS TO MEDICAL CARE IN OUR STATE'S RURAL AND UNDERSERVED AREAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maureen E Murphy MD Faafp President | OfficerTrustee | 1 | $0 |
Eugenie M Komives MD Faafp Vice President | OfficerTrustee | 1 | $0 |
Kyle Melvin MD Secretary-Treasurer | OfficerTrustee | 1 | $0 |
Christopher P Danford MD Physician Trustee | Trustee | 0.25 | $0 |
Vickie A Fowler MD Physician Trustee | Trustee | 0.25 | $0 |
Michael J Harris MD Physician Trustee | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $23,000 |
| Related organizations | $36,350 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $871,871 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $931,221 |
| Total Program Service Revenue | $0 |
| Investment income | $107,359 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $31,533 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,070,113 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $250,000 |
| Grants and other assistance to domestic individuals. | $15,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $206,453 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $2,466 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $103,977 |
| Fees for services: Investment Management | $17,020 |
| Fees for services: Other | $1,414 |
| Advertising and promotion | $0 |
| Office expenses | $1,117 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $12,584 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $31,815 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,045 |
| All other expenses | $0 |
| Total functional expenses | $666,200 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $51,554 |
| Savings and temporary cash investments | $732,343 |
| Pledges and grants receivable | $234,267 |
| Accounts receivable, net | $4,639 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,412,991 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,435,794 |
| Accounts payable and accrued expenses | $23,212 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $23,212 |
| Net assets without donor restrictions | $3,177,554 |
| Net assets with donor restrictions | $235,028 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,435,794 |
Grants Awarded
Over the last fiscal year, North Carolina Academy Of Family Physicians Foundation has awarded $250,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
HODGES FAMILY PRACTICE PURPOSE: Practice Stipend | $100,000 |
CLINTON MEDICAL CLINIC PURPOSE: Practice Stipend | $50,000 |
MEDNORTH HEALTH CENTER PURPOSE: Practice Stipend | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Health Quality Innovators Richmond, VA | $20,410,732 | $16,386,582 |
North Carolina Academy Of Family Physicians Foundation Raleigh, NC | $3,435,794 | $1,070,113 |
Tift General Hospital Foundation Inc Tifton, GA | $10,232,832 | $826,755 |
Progressive Healthcare Providers Inc Collierville, TN | $287,085 | $260,986 |
Asheville Medical Research Corporation Asheville, NC | $155,622 | $98,949 |
South Carolina Medical Association Alliance Columbia, SC | $222,911 | $0 |
Grand Strand Auxiliary Inc Myrtle Beach, SC | $42,839 | $0 |