North Carolina Medical Society Foundation Inc

Organization Overview

North Carolina Medical Society Foundation Inc is located in Raleigh, NC. The organization was established in 1967. According to its NTEE Classification (H99) the organization is classified as: Medical Research N.E.C., under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Carolina Medical Society 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 12/2020, North Carolina Medical Society Foundation Inc generated $25.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 51.2% each year . All expenses for the organization totaled $26.2m during the year ending 12/2020. While expenses have increased by 58.0% per year over the past 6 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.

Since 2018, North Carolina Medical Society Foundation Inc has awarded 37 individual grants totaling $25,649,917. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

TO IMPROVE ACCESS TO QUALITY HEALTHCARE FOR ALL NORTH CAROLINIANS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE WORKFORCE RECRUITMENT AND RETENTION PROGRAM INCLUDES THE COMMUNITY PRACTITIONER PROGRAM (CPP. THE MAIN PURPOSE IS TO IMPROVE ACCESS TO CARE FOR PATIENTS LIVING IN RURAL AND/OR UNDER-SERVED AREAS OF NORTH CAROLINA. THE CPP RECRUITS AND RETAINS PRIMARY CARE PROVIDERS AS WELL AS GENERAL SURGEONS AND PSYCHIATRISTS THROUGH THE PROVISION OF EDUCATIONAL LOAN REPAYMENT AS WELL AS PRACTICE MANAGEMENT AND CLINICAL QUALITY SERVICES. CPP WORKS IN CONCERT WITH ADDITIONAL WORKFORCE EFFORTS THROUGHOUT THE STATE TO ASSESS HEALTH CARE WORKFORCE NEEDS AND PLAN STRATEGICALLY IN ORDER TO ASSURE A QUALITY PHYSICIAN WORKFORCE FOR UNDER-SERVED PATIENTS AND COMMUNITIES.


LEADERSHIP DEVELOPMENT INITIATIVES FALL UNDER THE UMBRELLA OF THE KANOF INSTITUTE FOR PHYSICIAN LEADERSHIP (KIPL). KIPL'S MAIN PURPOSE IS TO PREPARE PHYSICIANS TO LEAD IN AN EVOLVING HEALTH CARE SYSTEM. KIPL OPERATES 2 EDUCATION PROGRAMS INCLUDING THE NCMS LEADERSHIP COLLEGE AND HEALTH CARE LEADERSHIP AND MANAGEMENT AND CUSTOMIZED TRAINING FOR PRACTICES SEEKING MORE INDIVIDUALIZED LEARNING.


THE FINANCIAL RECOVERY PLAN WAS CREATED TO HELP MEDICAL PRACTICES ADVERSELY AFFECTED BY COVID BY REIMBURSING THEM FOR THE ADDITIONAL EXPENSES NECESSARY TO MAINTAIN THEIR SOCIAL DISTANCING, PURCHASING PROTECTIVE AND OTHER EQUIPMENT. THIS PLAN WAS FUNDED BY THE CORONAVIRUS RELIEF FUND.


OTHER PROGRAMS INCLUDE PROJECT OFFICE BASED OPIOID TREATMENT, PHYSICIAN WELLNESS, DISASTER RELIEF, RURAL ACCOUNTABLE CARE ORGANIZATION INITIATIVE AND OUR COMMUNITY HEALTH INITIATIVE.


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Board, Officers & Key Employees

Name (title)Compensation
Franklin Walker
Vice-Preside
$152,242
Hurshell E Baggett Jr
CEO
$0
Arthur E Apolinario
Trustee
$0
Marc R Carruth
Trustee
$0
Palmer Edwards
Trustee
$0
Cynthia Gary
Trustee
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $25,225,550
All other contributions, gifts, grants, and similar amounts not included above$110,370
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$25,335,920
Total Program Service Revenue$212,329
Investment income $612,144
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$234,219
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $25,927,674

Grants Awarded

Over the last fiscal year, North Carolina Medical Society Foundation Inc has awarded $24,765,037 in support to 3 organizations.

Grant RecipientAmount

SEE ATTACHED - COVID RELIEF GRANT

PURPOSE: CORONAVIRUS RELIEF

$24,551,162

NORTH CAROLINA MEDICAL SOCIETY

Org PageRecipient Profile

Raleigh, NC

PURPOSE: VALUE BASED EDUCATIO

$180,081

OTHER GRANTS 5K

PURPOSE: DISASTER RECOVERY

$33,794
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that North Carolina Medical Society Foundation Inc has recieved totaling $150,000.

Awarding OrganizationAmount
The Physicians Foundation Inc

Austin, TX

PURPOSE: TO SUPPORT THE THREE MAIN LEADERSHIP DEVELOPMENT PROGRAM OFFERINGS WITHIN THE KANOF INSTITUTE FOR PHYSICIAN LEADERSHIP

$150,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$20,239,774
Earnings$2,049,643
Admin Expense-$51,559
Net Contributions$1,650
Other Expense-$987,333
Ending Balance$21,252,175

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