Wake County Medical Society Community Health Foundation Inc
- Assets
- $3.5m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 7
- Location
- Raleigh, NC
- Founding
- 08/2000
- Data as of
- 12/2022
- EIN
- 56-2205175
Organization Overview
Wake County Medical Society Community Health Foundation Inc is located in Raleigh, NC. The organization was established in 2000. According to its NTEE Classification (E01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Health Care and related organizations. As of 12/2022, Wake County Medical Society Community Health Foundation Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wake County Medical Society Community Health Foundation Inc 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 12/2022, Wake County Medical Society Community Health Foundation Inc generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (26.2%) each year. All expenses for the organization totaled $375.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (38.5%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
WCMSCHF'S FLAGSHIP PROGRAM, PROJECT ACCESS OF WAKE COUNTY (PA), HAS BEEN PROVIDING ACCESS TO DONATED SPECIALTY AND DIAGNOSTIC CARE FOR ELIGIBLE UNINSURED RESIDENTS OF WAKE AND FRANKLIN COUNTIES WITH HOUSEHOLD INCOMES BELOW 250% OF THE FEDERAL POVERTY LEVEL FOR 21 YEARS. PA ALSO NAVIGATES UNINSURED PATIENTS WITHOUT A PRIMARY CARE HOME TO AFFORDABLE OR FREE CARE AT ONE OF 12 PARTNERING SAFETY-NET CLINICS. PA STAFF ALSO ENGAGE WITH PROGRAM ENROLLEES TO ASSURE THAT PATIENTS COMPLETE CONNECTIONS WHILE HELPING BUILD AWARENESS AND ABILITY TO SELF-MANAGE THE HEALTHCARE LANDSCAPE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROJECT ACCESS OF WAKE & FRANKLIN COUNTIES (PA) - THE PA PROGRAM IS A COLLABORATIVE ALLOWING PARTNER ORGANIZATIONS TO PROVIDE MEDICAL CARE IN A COORDINATED FASHION FOR THE LOW-INCOME COMMUNITY WHILE FACILITATING ONGOING COMMUNICATION, COORDINATION OF SERVICES, ASSESSMENT OF COMMUNITY HEALTH NEEDS, IDENTIFICATION OF PRIORITIES, AND INITIATION OF WORKING PARTNERSHIPS AMONG PROVIDERS. THE PA PROGRAM IS A PRIVATE, NON-PROFIT PROGRAM THAT CONNECTS ELIGIBLE UNINSURED CLIENTS TO HIGH QUALITY MEDICAL SERVICES DONATED BY PHYSICIANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Er Perry III MD Board Member | Trustee | 1 | $0 |
Kim Mcdonald MD MPH Secretary | OfficerTrustee | 1 | $0 |
Leigh Bleeker Treasurer | OfficerTrustee | 1 | $0 |
H West Lawson MD Board Member | Trustee | 1 | $0 |
Peter J Morris MD MPH Mdiv Chair | OfficerTrustee | 1 | $0 |
Scot Mccray Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,258,139 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,258,139 |
| Total Program Service Revenue | $0 |
| Investment income | $77,661 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $530 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,336,330 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $510 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $91,687 |
| Compensation of current officers, directors, key employees. | $31,174 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $144,489 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $28,353 |
| Payroll taxes | $16,823 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $450 |
| Fees for services: Accounting | $14,305 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,357 |
| Fees for services: Other | $1,226 |
| Advertising and promotion | $0 |
| Office expenses | $12,169 |
| Information technology | $31,244 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,307 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $407 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,007 |
| Insurance | $13,763 |
| All other expenses | $2,384 |
| Total functional expenses | $375,481 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,313 |
| Savings and temporary cash investments | $808,340 |
| Pledges and grants receivable | $1,236,676 |
| Accounts receivable, net | $578 |
| 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 | $9,000 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,454,255 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,526,162 |
| Accounts payable and accrued expenses | $15,695 |
| 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 | $15,695 |
| Net assets without donor restrictions | $2,365,317 |
| Net assets with donor restrictions | $1,145,150 |
| 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 | $3,526,162 |