Old North State Medical Society Inc
- Assets
- $598.6k
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 93
- Location
- Greensboro, NC
- Founding
- 06/1985
- Data as of
- 12/2021
- EIN
- 56-6060861
Organization Overview
Old North State Medical Society Inc is located in Greensboro, NC. The organization was established in 1985. According to its NTEE Classification (G03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 12/2021, Old North State Medical Society Inc employed 93 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Old North State Medical Society 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 12/2021, Old North State Medical Society Inc generated $3.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 74.3% each year . All expenses for the organization totaled $3.6m during the year ending 12/2021. While expenses have increased by 77.6% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
HEALTH EDUCATION AND ENHANCEMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Schooler MD Secretary | OfficerTrustee | 1 | $8,464 |
Charlene Green MD President | OfficerTrustee | 1 | $0 |
George Kilpatrick MD President-Elect | OfficerTrustee | 1 | $0 |
Arthur V Stringer MD 1st Vice Pres | OfficerTrustee | 1 | $0 |
Steven Ferguson MD 2nd Vice Pres | OfficerTrustee | 1 | $0 |
Michaux Kilpatrick MD Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,931 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,198,993 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,526 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,206,450 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,206,450 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $8,464 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $803,749 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $71,584 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $83,366 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,169,527 |
| Office expenses | $37,087 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $47,197 |
| Travel | $35,351 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $57,108 |
| Insurance | $29,598 |
| All other expenses | $80,801 |
| Total functional expenses | $3,557,488 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $398,710 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $199,878 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $598,588 |
| Accounts payable and accrued expenses | $64,925 |
| Grants payable | $0 |
| Deferred revenue | $121,263 |
| 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 | $186,188 |
| Net assets without donor restrictions | $25,466 |
| Net assets with donor restrictions | $386,934 |
| 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 | $598,588 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Old North State Medical Society Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Truist Foundation Inc Orlando, FL PURPOSE: GENERAL OPERATING | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Board Of Orthopaedic Surgery Inc Chapel Hill, NC | $61,303,977 | $12,251,504 |
American Roentgen Ray Society Leesburg, VA | $36,171,953 | $9,848,662 |
Public Health Accreditation Board Alexandria, VA | $6,402,113 | $3,985,968 |
Old North State Medical Society Inc Greensboro, NC | $598,588 | $3,206,450 |
Society Of General Internal Medicine Alexandria, VA | $9,837,369 | $3,557,166 |
American College Of Toxicology Reston, VA | $7,238,636 | $2,341,711 |
Georgia Chapter Of The American College Of Cardiology Inc Buford, GA | $518,512 | $583,446 |
Assoc For Education & Rehbltatn Of The Blind & Visually Impaired Alexandria, VA | $580,258 | $662,248 |
American College Of Apothecaries Memphis, TN | $243,245 | $473,616 |
Society For Pediatric Sedation Inc Richmond, VA | $611,464 | $400,646 |
American College Of Emergency Physicians Wake Forest, NC | $367,588 | $340,531 |
North Carolina Chapter Of The American College Of Cardiology Raleigh, NC | $1,264,197 | $356,120 |