NORTH CAROLINA MEDICAL SOCIETY FOUNDATION INC Charity Report

Public IRS 990 nonprofit record

NORTH CAROLINA MEDICAL SOCIETY FOUNDATION INC

EIN 56-6088142 · Medical Research N.E.C. (H99)

What they do

to IMPROVE ACCESS to QUALITY HEALTHCARE for ALL NORTH CAROLINIANS.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $84.90 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders29 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

71.77%of revenue went to mission work84.9% of expenses · Program services

8.03%of revenue went to fundraising9.5% of expenses

$84.57spent for every $100 of revenueRevenue covered expenses this year.

4.77%of revenue went to management and office costs5.6% of expenses

$11.52in assets for every $1 spent this yearSome assets cannot be spent right away.

33.4%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $49,695 for HURSHELL E BAGGETT JR (CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$2,611,253

Mission workProgram services$1,874,01571.77% of revenue84.9% of expenses

ManagementOffice and general costs$124,6664.77% of revenue5.6% of expenses

FundraisingAsking for donations$209,6848.03% of revenue9.5% of expenses

Revenue left after expensesReported annual surplus$402,88815.43% of revenueShown in gray on the chart

Total expenses$2,208,36584.57% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 84.9% mission · 5.6% management · 9.5% fundraisingTotal expenses: 84.57% of revenue

2023Expense mix: 86.9% mission · 5.8% management · 7.3% fundraisingTotal expenses: 44.41% of revenue

2022Expense mix: 92.4% mission · 1.5% management · 6.1% fundraisingTotal expenses: 98.93% of revenue

2021Expense mix: 92.8% mission · 1.3% management · 5.9% fundraisingTotal expenses: 61.58% of revenue

2020Expense mix: 99.8% mission · 0.1% management · 0.1% fundraisingTotal expenses: 100.94% of revenue

2019Expense mix: 96.0% mission · 2.6% management · 1.5% fundraisingTotal expenses: 43.13% of revenue

2018Expense mix: 90.8% mission · 3.2% management · 6.0% fundraisingTotal expenses: 46.31% of revenue

2017Expense mix: 94.5% mission · 4.6% management · 0.8% fundraisingTotal expenses: 94.54% of revenue

Money in and money out

Revenue$2,611,253

Expenses$2,208,365

Annual surplus $402,888 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$1,874,015 · 84.9% of expenses

Management and office costs$124,666 · 5.6% of expenses

Fundraising$209,684 · 9.5% of expenses

See all reported dollar amounts

Revenue$2,611,253

Expenses$2,208,365

Assets$25,449,057

Income$7,404,429

Contributions$871,014

Mission work (program services)$1,874,015

Fundraising$209,684

Grants given$26,434,917

Average grant$413,046

Management and general$124,666

Executive compensation (total)$167,482

Stocks and bonds$20,145,333

Accounting fees$32,529

Investing fees$49,130

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

HURSHELL E BAGGETT JRCEO · 52 hrs/week $49,695Base · Other $49,695

SHAWN SCOTTCOO · 40 hrs/week $22,448Base · Other $22,448

JOHN THOMPSONVP EXTERNAL · 40 hrs/week $21,798Base · Other $21,798

ASHLEY RODRIGUEZCLO · 40 hrs/week $21,790Base · Other $21,790

FRANKLIN WALKERVP PRACTICE · 40 hrs/week $20,664Base · Other $20,664

ASHLEY NEWTONVP SOC MGMT · 40 hrs/week $20,489Base · Other $20,489

ALLAN SKIPPERVP LIASON · 40 hrs/week $19,865Base · Other $19,865

PAMELA HIGHSMITHVP MMEBERSHI · 40 hrs/week $19,185Base · Other $19,185

RANDY ALRIDGEVP COMMUNICA · 40 hrs/week $18,515Base · Other $18,515

KELLY WILSONDIRECTOR OPE · 40 hrs/week $17,319Base · Other $17,319

KATHERINE CROOMDIRECTOR FIN · 40 hrs/week $17,031Base · Other $17,031

FRANK SNYDERDIRECTOR MEM · 40 hrs/week $16,915Base · Other $16,915

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (29)

HURSHELL E BAGGETT JRCEO

SHAWN SCOTTCOO

JOHN THOMPSONVP EXTERNAL

ASHLEY RODRIGUEZCLO

FRANKLIN WALKERVP PRACTICE

ASHLEY NEWTONVP SOC MGMT

ALLAN SKIPPERVP LIASON

PAMELA HIGHSMITHVP MMEBERSHI

RANDY ALRIDGEVP COMMUNICA

KELLY WILSONDIRECTOR OPE

KATHERINE CROOMDIRECTOR FIN

FRANK SNYDERDIRECTOR MEM

LARRY CRAWFORDVP FINANCE

EVAN SIMMONSCHIEF OF STA

LACY HOBGOODTRUSTEE

LELAND GARRETTTRUSTEE

MARC R CARRUTHTRUSTEE

MICHELLE JONESTRUSTEE

MICHELLE LAWSFORMER DIREC

OSI UDEKWUTREASURER

PALMER EDWARDSTRUSTEE

EMILY COLETRUSTEE

CYNTHIA GARYPRESIDENT

ROY STROWD IIITRUSTEE

CHRIS GRUBBTRUSTEE

SHIRISH DEVASTHALITRUSTEE

TIMOTHY REEDERTRUSTEE

VENKAT PRASADTRUSTEE

VINAY SARANGATRUSTEE

About this charity

Recognized since: January 1967
Location: PO BOX 27167, RALEIGH, NC 27611-7167
County: Wake
In care of: STEPHEN W KEENE
Primary officer: STEPHEN W KEENE, CEO

How to reach them

WebsiteVisit the charity’s website Emailncms@ncmedsoc.org Phone(919) 833-3836

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: LANGDON & COMPANY LLP
NTEE classification: Medical Research N.E.C. (H99)
IRS tax category: Medical Research N.E.C.
Grant-giving organization: Yes