2026-09-14T14:46:11-04:00 2025-12-31 561743537 LANGDON & COMPANY LLP 223 US HIGHWAY 70 EAST SUITE 100 GARNER NC 275294051 990 2025-01-01 566088142 NORTH CAROLINA MEDICAL SOCIETY FOUNDATION INC NORT 9198333836 222 N PERSON STREET RALEIGH NC 27601 STEPHEN W KEENE EVP/CEO 9198333836 2026-09-09 true SUSAN DEAN P01281194 9196621001 2026-09-14 2025 X STEPHEN W KEENE 222 N PERSON STREET RALEIGH NC 27601 9737843 false X WWW.NCMSFOUNDATION.ORG X 1966 NC TO IMPROVE ACCESS TO QUALITY HEALTHCARE FOR ALL NORTH CAROLINIANS. 15 14 0 713 871014 1646733 81759 101886 1658480 1832188 0 2611253 3580807 876222 658505 0 732245 703215 0 54287 599898 816172 2208365 2177892 402888 1402915 25449057 27568457 1449035 1538540 24000022 26029917 X TO IMPROVE ACCESS TO QUALITY HEALTHCARE FOR ALL NORTH CAROLINIANS. false false 1242789 518480 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. 337263 101886 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. 226945 125025 THE PHYSICIAN WELLNESS PROGRAM DEVOTES RESOURCES TO PHYSICIANS' WELL-BEING TO HELP REDISCOVER THE JOY OF PRACTICING MEDICINE AND THE BEAUTY OF RECONNECTING WITH PATIENTS. EFFORTS ARE FOCUSED ON CHANGING THE CULTURE AROUND SEEKING HELP, GATHERING, AND DISSEMINATING BEST PRACTICES, EDUCATION AND BUILDING FINANCIAL RESOURCES. 102636 15000 OTHER PROGRAMS INCLUDE OFFICE-BASED OPIOD TREATMENT AND OUR COMMUNITY HEALTH INITIATIVE. 102636 15000 1909633 true true false false false false false false false true false false false false false true true false false false false false false false false false false true true true false false false false false true false false false false false false false false false false false true X 15 0 true 0 false false false false false false false false false false false false false false false X 15 14 false false false false false false false true true false false true true true true true true true true false NC X LARRY CRAWFORD 9198333836 222 N PERSON ST RALEIGH NC 27601 X HURSHELL E BAGGETT JR CEO 52.00 X 0 328475 40550 ASHLEY RODRIGUEZ CLO 40.00 X 0 251980 21610 JOHN THOMPSON VP EXTERNAL 40.00 X 0 227894 21033 STEPHEN W KEENE EVP/CEO 52.00 X X 0 240000 0 FRANKLIN WALKER VP PRACTICE 40.00 X 0 199888 20911 LARRY CRAWFORD VP FINANCE 40.00 X 0 210621 9328 ALLAN SKIPPER VP LIASON 40.00 X 0 184377 16867 ASHLEY NEWTON VP SOC MGMT 40.00 X 0 168592 18662 EVAN SIMMONS CHIEF OF STA 40.00 X 0 175227 4162 PAMELA HIGHSMITH VP MMEBERSHI 40.00 X 0 148414 18407 MONECIA THOMAS VP PROF GROW 40.00 X 0 131338 17171 KELLY WILSON DIRECTOR OPE 40.00 X 0 127359 17290 KATHERINE CROOM DIRECTOR FIN 40.00 X 0 121913 16432 KRISTEN SHIPHERD DIRECTOR MAR 40.00 X 0 115166 16669 FRANK SNYDER DIRECTOR MEM 40.00 X 0 112901 17185 MARC R CARRUTH TRUSTEE 1.00 X 0 0 0 EMILY COLE TRUSTEE 1.00 X 0 0 0 SHIRISH DEVASTHALI TRUSTEE 1.00 X 0 0 0 PALMER EDWARDS PRESIDENT EL 1.00 X 0 0 0 LELAND GARRETT TRUSTEE 1.00 X 0 0 0 CYNTHIA GARY PRESIDENT 1.00 X 0 0 0 CHRIS GRUBB TRUSTEE 1.00 X 0 0 0 LACY HOBGOOD TRUSTEE 1.00 X 0 0 0 ROY STROWD III TRUSTEE 1.00 X 0 0 0 MICHELLE JONES TRUSTEE 1.00 X 0 0 0 VENKAT PRASAD TRUSTEE 1.00 X 0 0 0 TIMOTHY REEDER TRUSTEE 1.00 X 0 0 0 VINAY SARANGA TRUSTEE 1.00 X 0 0 0 OSI UDEKWU TREASURER 1.00 X 0 0 0 2744145 256277 false true false NORTH CAROLINA MEDICAL SOCIETY PO BOX 27167 RALEIGH NC 27611 MNGMT SERVICES 1148849 ANGEL OAK CREATIVE LLC 702 N BLOUNT ST RALEIGH NC 27604 MARKETING 110977 2 1800 1644933 1646733 TUITION 69250 69250 CONTRACT REVENUE 31250 31250 SERVICE FEE INCOME 561000 713 713 OTHER PSA REVENUE 673 673 101886 891236 891236 7097988 6157036 940952 940952 940952 3580807 1042125 713 891236 202694 202694 455811 455811 220799 185413 18438 16948 390291 327741 32593 29957 53409 44850 4460 4099 38716 32511 3233 2972 191168 172068 19100 33825 17506 16319 48878 48878 65640 59544 5869 227 18712 2977 15651 84 62847 62847 77366 75180 2186 14898 14898 8995 8995 ADMIN SERVICES NCMS 214680 175466 39214 PROGRAM EDUCATIONAL EXP 67615 67615 BANK FEES 8493 675 7818 DUES AND SUBSCRIPTIONS 2055 2055 1000 787 213 2177892 1909633 213972 54287 4550474 6815794 753250 17857 46087 20145333 20688719 25449057 27568457 532244 527891 878941 1005849 37850 4800 1449035 1538540 X 270827 1571066 23729195 24458851 24000022 26029917 25449057 27568457 1402915 626980 X false true X true false X X 1 NORTH CAROLINA MEDICAL SOCIETY NC MEDICAL SOCIETY 560320130 10 true 1148849 0 1 1148849 0 true false true true false false false false false false false false false false false false false false PART IV, SECTION A, LINE 3B DURING PREPARATION OF THE FORM 990, IT WAS DETERMINED THAT THE SUPPORTED SOCIETY SATISFIED THE PUBLIC SUPPORT REQUIREMENTS UNDER SECTION 509 (A) (2). PART IV, SECTION C, LINE 1 BOTH ORGANIZATIONS SHARE A PLURALITY OF COMMON DIRECTORS AS WELL AS THEIR HIGHEST RANKED MANAGEMENT OFFICIAL. IN ADDITION THE BY-LAWS OF THE ORGANIZATION WILL ENGAGE IN CHARITABLE, EDUCATIONAL AND SCIENTIFIC ACTIVITIES ON BEHALF OF THE SUPPORTED ORGANIZATION. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 20390452 300 2318463 -1604047 -48878 21056290 19152555 300 1807342 -520615 -49130 20390452 17186176 750 2631026 -620649 -44748 19152555 21252175 2300 -3351667 -672072 -44550 17186176 20239774 1650 2049643 -987333 -51559 21252175 0.72340 0.27660 false false X 4158909 626980 626980 3531929 48878 48878 3580807 2129014 2129014 48878 48878 2177892 SCHEDULE D, PAGE 2, PART V, LINE 4 ENDOWMENT EARNINGS ARE SPENT BASED ON BOARD APPROVED BUDGETS DEVELOPED TO MEET THE NEED OF VARIOUS PROGRAMS SUPPORTED BY THE FOUNDATION'S ENDOWMENTS. SCHEDULE D, PAGE 3, PART X THE FOUNDATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS CLASSIFIED AS A PUBLICLY SUPPORTED ORGANIZATION. DURING THE YEAR ENDED DECEMBER 31, 2025 AND 2024, THE FOUNDATION HAD A MINIMAL AMOUNT OF INCOME SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. THE FOUNDATION EVALUATES ANY UNCERTAIN TAX POSITIONS. ACCORDINGLY, THE FOUNDATIONS POLICY IS TO RECORD A LIABILITY FOR ANY TAX POSITION TAKEN THAT IS BENEFICIAL TO THE FOUNDATION, INCLUDING ANY RELATED INTEREST AND PENALTIES, WHEN IT IS MORE LIKELY THAN NOT THE POSITION OF MANAGEMENT WITH RESPECT TO A TRANSACTION OR CLASS OF TRANSACTIONS WILL BE OVERTURNED BY A TAXING AUTHORITY UPON EXAMINATION. MANAGEMENT DOES NOT BELIEVE ANY SIGNIFICANT INCOME TAX UNCERTAINTIES EXIST AS OF DECEMBER 31, 2025 AND 2024 . true DR LORNA BREEN HEROES' FOUNDATION 1867 WINSTON ROAD CHARLOTTESVILLE VA 22903 851509081 501C3 113275 PROGRAM SUPPORT OCRACOKE HEALTH CENTER INC PO BOX 543 OCRACOKE NC 27960 561273237 501C3 12669 PROGRAM SUPPORT TIDES INC 410 HARNETT ST 3 WILMINGTON NC 28401 823107911 501C3 50000 HURRICANE RELIEF NC PROFESSIONALS HEALTH PROGRAM INC 220 HORIZON DR 201 RALEIGH NC 27615 561846599 501C3 15000 SUICIDE AWARENESS COALITION FOR PHYSICIANS WELL BEING INC 900 HOPE WAY ALTAMONTE SPRINGS FL 32714 463477012 501C3 11750 PROGRAM SUPPORT 5 WORKFORCE RECRUITMENT 9 455811 FMV SCHEDULE I, PAGE 1, PART I, LINE 2 ELEGIBILITY CRITERIA ARE ESTABLISHED FOR EACH GRANT PROGRAM. AMONG OTHER FACTORS, CRITERIA INCLUDE FINANCIAL NEED AS EVIDENCE BY A REVIEW OF FINANCIAL STATEMENTS. FOR WORKFORCE RECRUITEMENT AND RETENTION GRANTS, GIVEN THROUGH THE COMMUNITY PRACTITIONER PROGRAM, AN ADDITIONAL CRITERIA OF PRACTICE LOCATION IN AN UNDERSERVED COMMUNITY IS ALSO A FACTOR. WHILE GRANTS ARE MADE ON BEHALF OF INDIVIDUALS, PAYMENTS ARE MADE DIRECTLY TO THE LEADING INSTITUTION FOR THE COMMUNITY PRACTITIONER PROGRAM.LOAN STATEMENTS ARE REVIEWED REGULARLY AND TREATMENT PROVIDERS REQUIRED TO VERIFY THAT FUNDS ARE EXPENDED ON ELIGIBLE PARTICIPANTS AND TO RETURN ANY UNSPENT FUNDS. X X false false false false false false false false false HURSHELL E BAGGETT JR CEO 328475 6570 33980 369025 ASHLEY RODRIGUEZ CLO 236980 15000 10079 11531 273590 JOHN THOMPSON VP EXTERNAL AFFAIRS 206394 21500 9116 11917 248927 STEPHEN W KEENE EVP/CEO 240000 240000 FRANKLIN WALKER VP PRACTICE SOL 199888 7996 12915 220799 LARRY CRAWFORD VP FINANCE 190621 20000 8425 903 219949 ALLAN SKIPPER VP LIASON 178377 6000 7375 9492 201244 ASHLEY NEWTON VP SOC MGMT 168592 6744 11918 187254 EVAN SIMMONS CHIEF OF STAFF 160227 15000 3505 657 179389 PAMELA HIGHSMITH VP MMEBERSHIP 142414 6000 5937 12470 166821 TRACY ESKRA TRUSTEE 100 CONTRIBUTION false CYNTHIA GARY TRUSTEE 300 CONTRIBUTION false LELAND GARRETT TRUSTEE 2500 CONTRIBUTION false CARL WESTCOTT TRUSTEE 1000 CONTRIBUTION false LACY HOBGOOD TRUSTEE 1200 CONTRIBUTION false ASHLEY RODRIGUEZ OFFICER 1200 CONTRIBUTION false JUGTA KAHAI TRUSTEE 800 CONTRIBUTION false PASCAL UDEKWU TRUSTEE 2000 CONTRIBUTION false EILEEN RAYNOR TRUSTEE 600 CONTRIBUTION false TIMOTHY REEDER TRUSTEE 2400 CONTRIBUTION false STEVE KEENE OFFICER/TRUSTEE 500 CONTRIBUTION false PALMER EDWARDS TRUSTEE 200 CONTRIBUTION false C LABRON CHAMBERS JR TRUSTEE 150 CONTRIBUTION false CHRIS GRUBB TRUSTEE 1000 CONTRIBUTION false MICHELLE JONES TRUSTEE 1100 CONTRIBUTION false VENKAT PRASAD TRUSTEE 750 CONTRIBUTION false VINAY SARANGA TRUSTEE 500 CONTRIBUTION false KAREN SMITH TRUSTEE 50 CONTRIBUTION false LARRY CRAWFORD KEY EMPLOYEE 600 CONTRIBUTION false MEGAN EBERLE EMPLOYEE 25 CONTRIBUTION false PAMELA HIGHSMITH KEY EMPLOYEE 1020 CONTRIBUTION false LYDIE KY EMPLOYEE 10 CONTRIBUTION false LISA MWAIKAMBO EMPLOYEE 25 CONTRIBUTION false ASHLEY NEWTON KEY EMPLOYEE 600 CONTRIBUTION false ROKITA PITTS EMPLOYEE 5 CONTRIBUTION false ELIZABETH REMHOF EMPLOYEE 120 CONTRIBUTION false KRISTEN SHIPHERD EMPLOYEE 40 CONTRIBUTION false FRANK SNYDER EMPLOYEE 150 CONTRIBUTION false KRISTEN SPADUZZI EMPLOYEE 100 CONTRIBUTION false MONECIA THOMAS EMPLOYEE 775 CONTRIBUTION false FRANKLIN WALKER KEY EMPLOYEE 400 CONTRIBUTION false KELLY WILSON EMPLOYEE 75 CONTRIBUTION false SCHEDULE L, PART IV STEVE KEENE 500 OFFICER/TRUSTEE CONTRIBUTION PALMER EDWARDS 200 TRUSTEE CONTRIBUTION C. LABRON CHAMBERS, JR 150 TRUSTEE CONTRIBUTION CHRIS GRUBB 1,000 TRUSTEE CONTRIBUTION MICHELLE JONES 1,100 TRUSTEE CONTRIBUTION VENKAT PRASAD 750 TRUSTEE CONTRIBUTION VINAY SARANGA 500 TRUSTEE CONTRIBUTION KAREN SMITH 50 TRUSTEE CONTRIBUTION LARRY CRAWFORD 600 KEY EMPLOYEE CONTRIBUTION MEGAN EBERLE 25 EMPLOYEE CONTRIBUTION PAMELA HIGHSMITH 1,020 KEY EMPLOYEE CONTRIBUTION LYDIE KY 10 EMPLOYEE CONTRIBUTION LISA MWAIKAMBO 25 EMPLOYEE CONTRIBUTION ASHLEY NEWTON 600 KEY EMPLOYEE CONTRIBUTION ROKITA PITTS 5 EMPLOYEE CONTRIBUTION ELIZABETH REMHOF 120 EMPLOYEE CONTRIBUTION KRISTEN SHIPHERD 40 EMPLOYEE CONTRIBUTION FRANK SNYDER 150 EMPLOYEE CONTRIBUTION KRISTEN SPADUZZI 100 EMPLOYEE CONTRIBUTION MONECIA THOMAS 775 EMPLOYEE CONTRIBUTION FRANKLIN WALKER 400 KEY EMPLOYEE CONTRIBUTION KELLY WILSON 75 EMPLOYEE CONTRIBUTION SCHEDULE L, PART V THE ACCOUNTING RECORDS OF THE FOUNDATION ARE MAINTIANED BY THE SOCIETY PERSONEL WHO ALSO PROVIDE LEGAL REPRESENTATION AND PROMOTIONAL SERVICES. THE FOUNDATION PAID THE SOCIETY 214,680 FOR THESE SERVICES. THE FOUNDATION TRUSTEES, SOCIETY EMPLOYEES, AND THEIR RELATIVES CONTRIBUTED AND PLEDGED 20,295 TO THE FOUNDATION IN 2025. THERE WERE NO PLEDGES RECEIVABLE OUSTANDING FROM FOUNDATION TRUSTEES OR SOCIETY EMPLOYEES AT DECEMBER 31, 2025. FORM 990 THE ORGANIZATION CONDUCTS CERTAIN ACTIVITIES ON BEHALF OF AND IN SUPPORT OF THE NORTH CAROLINA MEDICAL SOCIETY, A PUBLIC CHARITABLE ORGANIZATION QUALIFIED UNDER IRC SEC 501(C)(3). SINCE THE ELEMENTS OF CONTROL NECESSARY FOR CONSOLIDATION ARE NOT PRESENT, THE AUDITED FINANCIAL STATEMENTS FOR THE ORGANIZATION ARE REPORTED IN AN INDEPENDENT FORMAT. HOWEVER, ALL APPLICABLE DISCLOSURES AND TRANSACTION AMOUNTS FOR INTER-ORGANIZATION TRANSACTIONS ARE REPORTED ON THE ORGANIZATION'S FORM 990, INCLUDING PART VII, SCHEDULE A, SCHEDULE B, SCHEDULE I, AND SCHEDULE O. FORM 990, PAGE 2, PART III, LINE 4D OTHER PROGRAMS INCLUDE OFFICE-BASED OPIOD TREATMENT AND OUR COMMUNITY HEALTH INITIATIVE. FORM 990, PART V ALL EMPLOYEES OF THE ORGANIZATION ARE PAID DIRECTLY BY THE NC MEDICAL SOCIETY WHOM THE ORGANIZATION IN TURN REIMBURSES FOR LABOR COSTS VIA THE MANAGEMENT FEE (AS LISTED ON PART VII, SEC B.) FORM 990, PAGE 6, PART VI, LINE 11B THE FOUNDATION'S FINANCE COMMITEE REVIEWS THE FORM 990 PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PAGE 6, PART VI, LINE 12C IT SHALL BE THE CONTINUING RESPONSIBILITY OF THE BOARD, OFFICERS, MANAGEMENT, EMPLOYEES, AND OTHERS (AS MAY BE DESIGNATED BY THE BOARD) TO SCRUTINIZE THEIR TRANSACTIONS AND OUTSIDE BUSINESS INTEREST AND RELATIONSHIPS FOR POTENTIAL CONFLICTS AND TO IMMEDIATELY MAKE SUCH DISCLOSURES. FORM 990, PAGE 6, PART VI, LINE 15A THE CHIEF EXECUTIVE OFFICER'S SALARY IS SET BY THE BOARD COMPENSATION COMMITTEE COMPRISED OF BOARD OFFICERS. THE COMMITTEE MEETS EARLY IN THE YEAR AND SET GOALS FOR THE YEAR. THE COMMITTEE WILL MEET LATE IN THE YEAR TO REVIEW THE ATTAINMENT OF SET GOALS AND SET SALARY, BONUSES AND INCENTIVES BASED ON PERFORMANCE OF SUCH. OTHER INFORMATION INCLUDING SURVEYS FROM OTHER MEDICAL SOCIETIES ARE ALSO TAKEN INTO ACCOUNT. THE EXECUTIVE VICE PRESIDENT'S COMPENSATION WAS LAST REVIEWED IN OCTOBER 2020. FORM 990, PAGE 6, PART VI, LINE 15B THE EXECUTIVE VICE PRESIDENT'S SALARY IS SET BY THE BOARD COMPENSATION COMMITTEE COMPRISED OF BOARD OFFICERS. THE COMMITTEE MEETS EARLY IN THE YEAR AND SET GOALS FOR THE YEAR. THE COMMITTEE WILL MEET LATE IN THE YEAR TO REVIEW THE ATTAINMENT OF SET GOALS AND SET SALARY, BONUSES AND INCENTIVES BASED ON PERFORMANCE OF SUCH. OTHER INFORMATION INCLUDING SURVEYS FROM OTHER MEDICAL SOCIETIES ARE ALSO TAKEN INTO ACCOUNT. THE EXECUTIVE VICE PRESIDENT'S COMPENSATION WAS LAST REVIEWED IN OCTOBER 2022. FORM 990, PAGE 6, PART VI, LINE 19 NORTH CAROLINA MEDICAL SOCIETY FOUNDATION, INC MAKES AVAILABLE TO THE PUBLIC ITS GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY AND FINANCIAL STATEMENTS VIA TWO METHODS: IN PERSON OR UPON REQUEST. FORM 990, PART VII EFFECTIVE JULY 1, 2025 STEPHEN W. KEENE REPLACED HURSHELL E. BAGGETT, JR AS CEO OF THE FOUNDATION.