North Carolina Medical Society 203

Organization Overview

North Carolina Medical Society 203 is located in Raleigh, NC. The organization was established in 1944. According to its NTEE Classification (G90) the organization is classified as: Medical Disciplines, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 12/2021, North Carolina Medical Society 203 employed 33 individuals. This organization is an itermediate organization (such as a geographic headquarters) for a national or regional group of organizations. North Carolina Medical Society 203 is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.

For the year ending 12/2021, North Carolina Medical Society 203 generated $4.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $4.6m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, North Carolina Medical Society 203 has awarded 33 individual grants totaling $386,071. 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

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO ORGANIZE MEMBERS OF THE MEDICAL PROFESSION TO ADVANCE MEDICAL SCIENCE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE OLDEST PROFESSIONAL ORGANIZATION WITHIN THE STATE. THE NORTH CAROLINA MEDICAL SOCIETY (NCMS) BEGAN IN 1849 WHEN 25 PHYSICIANS UNITED TO ADVANCE MEDICAL SCIENCE AND TO RAISE THE STANDARDS FOR THEIR PROFESSION. TODAY, WE ARE MORE THAN 10,000 STRONG AND CHAMPION THE SAME GOALS AND IDEALS WHILE REPRESENTING THE INTERESTS OF PHYSICIANS AND PROTECTING THE QUALITY OF PATIENT CARE.


THE NORTH CAROLINA MEDICAL SOCIETY EMPLOYEE BENEFIT PLAN (NCMS PLAN) IS THE ONLY STATEWIDE EMPLOYEE BENEFITS PLAN DESIGNED SPECIFICALLY FOR NORTH CAROLINA PHYSICIANS AS A BENEFIT OF SOCIETY MEMBERSHIP.


NORTH CAROLINA MEDICAL SOCIETY RECEIVED FUNDING FROM THE NORTH CAROLINA PANDEMIC RELIEF OFFICE (NCPRO) DURING 2020 TO DISTRIBUTE PERSONAL PROTECTIVE EQUIPMENT FREE TO ELIGIBLE MEDICAL PRACTICES IN NORTH CAROLINA SO AS TO ALLEVIATE THE SHORTAGE OF PPE THAT EXISTED DURING 2020. DURING 2021, NCMS SPENT AN ADDITIONAL $67,956 OF THE GRANT MONEY AND RETURNED $42,821 OF UNSPENT FUNDS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Smith Anderson Blount Dorsett Mitche
Legal
$248,201
Theo Davis Printing Inc
Printing
$121,860
Grandover Resort & Conference Ctr
Conference Space
$109,068
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $283,556
All other contributions, gifts, grants, and similar amounts not included above$265,100
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$548,656
Total Program Service Revenue$3,092,347
Investment income $288,363
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$241,242
Net Gain/Loss on Asset Sales $278,024
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,968,420

Grants Awarded

Over the last fiscal year, North Carolina Medical Society 203 has awarded $191,071 in support to 23 organizations.

Grant RecipientAmount

WILMINGTON HEALTH PLLC

PURPOSE: TO ALLEVIATE SHORTAGE OF PPE

$34,013

UROLOGY SPECIALISTS OF THE CAROLINAS

PURPOSE: TO ALLEVIATE SHORTAGE OF PPE

$20,971

DERMATOLOGY ASSOC OF COASTAL CAROLINA

PURPOSE: TO ALLEVIATE SHORTAGE OF PPE

$6,990

MID ATLANTIC EMERGENCY MEDICAL ASSOC

PURPOSE: TO ALLEVIATE SHORTAGE OF PPE

$6,990

EASTERN RADIOLOGISTS INC

PURPOSE: TO ALLEVIATE SHORTAGE OF PPE

$6,990

PARAGON SURGICAL SPECIALISTS PA

PURPOSE: TO ALLEVIATE SHORTAGE OF PPE

$6,990
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that North Carolina Medical Society 203 has recieved totaling $110,134.

Awarding OrganizationAmount
American Medical Association

Chicago, IL

PURPOSE: DIABETES PREVENTION RESEARCH GRANT

$60,134
American Medical Association

Chicago, IL

PURPOSE: TYPE 2 DIABETES PREVENTION RESEARCH GRANT

$50,000
View Grant Recipient Profile

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