Skip to content
Nonprofiteer
← NORTH CAROLINA MEDICAL SOCIETY EMPLOYEE BENEFIT TRUST

Form 990 for tax year 2022

Filed by NORTH CAROLINA MEDICAL SOCIETY EMPLOYEE BENEFIT TRUST.

Totals

Total revenue
$49,002,886
Total expenses
$51,354,376
Contributions and grants received
$0
Grants paid
$141,000
Program service revenue
$48,262,826
Investment income
$740,060
Other revenue
$0
Total assets, end of year
$33,134,903
Total liabilities, end of year
$4,798,700
Net assets or fund balances, end of year
$28,336,203
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: MEMBER PREMIUM PAYMENTS

    total $48,262,826 · related or exempt $48,262,826

  • 3 · Investment income

    total $650,831 · unrelated business $650,831

  • 7a · Gross sales of assets other than inventory

    securities $26,452,587

  • 7b · Less cost or other basis and sales expenses

    securities $26,363,358

  • 7c · Gain or loss

    securities $89,229

  • 7d · Net gain or loss

    total $89,229 · unrelated business $89,229

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $141,000

  • 4 · Benefits paid to or for members

    total $44,501,377

  • 5 · Compensation of officers, directors and key employees

    total $10,000

  • 11a · Fees: management

    total $3,951,507

  • 11b · Fees: legal

    total $1,050

  • 11c · Fees: accounting

    total $43,315

  • 11f · Fees: investment management

    total $33,010

  • 11g · Fees: other

    total $2,606,939

  • 13 · Office expenses

    total $3,765

  • 14 · Information technology

    total $8,977

  • 17 · Travel

    total $1,940

  • 23 · Insurance

    total $16,125

  • 24a · Other expenses: PCORI FEE

    total $33,612

  • 24b · Other expenses: TAXES & LICENSES

    total $1,759

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $12,340,354 · end of year $5,078,520

  • 4 · Accounts receivable

    beginning of year $2,777,788 · end of year $968,108

  • 11 · Investments: publicly traded securities

    beginning of year $21,919,558 · end of year $27,088,275

  • 17 · Accounts payable and accrued expenses

    beginning of year $276,524 · end of year $618,786

  • 19 · Deferred revenue

    beginning of year $1,466,743 · end of year $301,638

  • 25 · Other liabilities

    beginning of year $3,961,473 · end of year $3,878,276

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $31,332,960 · end of year $28,336,203

Mission and programs · 2022

Mission

THE NORTH CAROLINA MEDICAL SOCIETY EMPLOYEE BENEFIT PLAN PROVIDES NORTH CAROLINA PHYSICIANS WITH A VALUE-ADDED PLAN THAT IS STRAIGHTFORWARD AND SPECIFICALLY CUSTOMIZED TO MEET THEIR PRACTICE AND EMPLOYEES' NEEDS. AS THE ONLY STATEWIDE HEALTH BENEFITS PLAN DESIGNED EXCLUSIVELY FOR NORTH CAROLINA PHYSICIANS, THE NCMS PLAN OFFERS CHOICES THAT ARE UNIQUE TO THE MARKET.

Activities or mission (Part I)

THE TRUST IS A FUNDING MECHANISM FOR A MULTIPLE EMPLOYER WELFARE ARRANGEMENT. MEMBERS OF THE NORTH CAROLINA MEDICAL SOCIETY, THEIR EMPLOYEES, AND DEPEDENTS ARE ELIGIBLE TO ENROLL FOR THE HEALTH, DENTAL, AND LIFE BENEFITS OFFERED.

  • THE TRUST PROVIDES HEALTH, DENTAL, AND LIFE INSURANCE BENEFITS TO ELIGIBLE MEMBERS OF THE NORTH CAROLINA MEDICAL SOCIETY AND THEIR EMPLOYEES.

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Kenneth A Holt MD

    CHAIR (FROM 4/2022)

    Total calculated
    $2,000
    From this org
    $2,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Robert P Gossett MD

    CHAIR (TO 4/2022)

    Total calculated
    $4,000
    From this org
    $4,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Sandy Cohen MD

    TRUSTEE

    Total calculated
    $1,500
    From this org
    $1,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Mary Ann Contagiannis MD

    TRUSTEE

    Total calculated
    $1,500
    From this org
    $1,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • William Ingram III MD

    TRUSTEE

    Total calculated
    $1,500
    From this org
    $1,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

  • HOSPICE OF THE PIEDMONT

    $23,400

    GENERAL SUPPORT

  • CHARLOTTE GASTRO

    $18,000

    GENERAL SUPPORT

  • THE FAMILY HEALTH CENTERS

    $11,550

    GENERAL SUPPORT

  • RALEIGH CAPITOL ENT

    $10,650

    GENERAL SUPPORT

  • THE MENTAL HEALTH FUNDCATAWBA VALLEY

    $10,500

    GENERAL SUPPORT

  • ORTHOPEDIC SPECIALISTS OF NC

    $10,350

    GENERAL SUPPORT

  • MID ATLANTIC EMERGENCY

    $9,900

    GENERAL SUPPORT

  • CAROLINA INTERNAL MEDICINE

    $6,900

    GENERAL SUPPORT

  • BURLINGTON PEDIATRICS

    $6,300

    GENERAL SUPPORT

  • CARY PEDIATRIC CENTER

    $5,550

    GENERAL SUPPORT

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • AAA ALL AMERICAN ASSOCIATES IN FAMILY MEDICINE

  • ALLERGY & ASTHMA CARE OF BLAKENEY

  • AMSK SERVICES PLLC

  • AMY BROOKS DDS MD PLLC

  • ASHEVILLE EYE ASSOCIATES PLLC

  • BLOOM PEDIATRIC PARTNERS PLLC

  • BROOKVIEW HILLS RESEARCH ASSOCIATES

  • BUGLISI EYE CARE PLLC

  • CAROLINA ATTENTION SPECIALISTS-CHARLOTTE PLLC

  • CAROLINA ATTENTION SPECIALISTS-GREENSBORO

  • CAROLINA BREAST & ONCOLOGIC SURGERY PLLC

  • CARTERET MEDICAL SPECIALISTS PLLC

  • CHARLOTTE GASTROENTEROLOGY & HEPATOLOGY PLLC

  • CHESTNUT FAMILY PRACTICE PLLC

  • CHILDREN'S UROLOGY OF THE CAROLINAS PLLC

  • DELANEY RADIOLOGISTS GROUP PLLC

  • DOCTOR'S ADVICE PLLC

  • FOOTHILLS FAMILY DERMATOLOGY PLLC

  • FOUR CARE LLC

  • GASTON EYE ASSOCIATES LLP

  • GREENSBORO OPHTHALMOLOGY ASC PLLC

  • HICKORY CHEST PLLC

  • HUGHES AESTHETICS PLLC

  • INTEGRATED PAIN SOLUTIONS PLLC

  • INTEGRATIVE PSYCHIATRY & PSYCHOTHERAPY PLLC

  • LIBERTY ANESTHESIA PLLC

  • LOUISBURG FAMILY PRACTICE & PAIN MANAGEMENT

  • MAHARAJ 1 LLC

  • MANULI INTERNAL MEDICINE

  • MICHAEL GENTRY MD

  • MITCHELL EM PLLC

  • MUSTARD SEED VENTURE PARTNERS LLC

  • NC PEDIATRIC ASSOCIATES

  • NEUROLOGY & PAIN MANAGEMENT CENTER PLLC

  • ORTHOPAEDIC SPECIALISTS OF NC

  • PATRICK A WILSON MD

  • RALEIGH EYE AND FACE PLASTIC SURGERY

  • REGIONAL MEDICAL ASSOCIATES PLLC

  • SEACOAST SKIN SURGERY PLLC

  • SHANAHAN RHEUMATOLOGY & IMMUNOTHERAPY PLLC

  • THE HANSELL CENTER FOR FUNCTIONAL MEDICINE PLLC

  • THE MEDICAL SPA PLLC

  • THOMASVILLE ARCHDALE PEDIATRICS PLLC

  • TOTAL WOMAN CARE LLC

  • TRIAD RADIOLOGY PLLC

  • TRIANGLE NEUROPSYCHIATRY PLLC

  • VITALITY MEDICAL WELLNESS INSTITUTE PLLC

  • WAKE RADIOLOGY CONSULTANTS

  • WAKE RADIOLOGY SERVICES LLC

  • WEST CARY FAMILY PHYSICIANS PLLC

  • WESTERN CARTERET MEDICAL CENTER PLLC

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • ADULT INTERNAL MEDICINE PA

  • AGHA ARTHRITIS ASSOCIATES PA

  • ALBEMARLE ALLERGY & ASTHMA PC

  • ALEXANDRA N POWELL MD PA

  • ALLAN D HUFFMAN MD

  • ALLERGY ASTHMA & SINUS CENTER PA

  • ANNEMARIE I RUSSELL MD

  • ASHEBORO DERMATOLOGY & SKIN

  • ASHEVILLE ARTHRITIS & OSTEOPOROSIS CENTER PA

  • ASHEVILLE PULMONARY & CRITICAL CARE ASSOCIATES PA

  • AVANCE HEALTH SYSTEM INC

  • BALDWIN WOODS GYN PA

  • BEACHCARE URGENT AND FAMILY MEDICAL CENTER PLLC

  • BETH ELISA SUSI

  • BLAND CLINIC PA

  • BLUE RIDGE CARDIOLOGY & INTERNAL MEDICINE

  • BLUE RIDGE PATHOLOGY ASSOCIATES

  • BOONE DERMATOLOGY CLINIC PA

  • BOTROS & POLLOCK PA

  • BOYD GASQUE JR MD

  • BURLINGTON PEDIATRICS PA

  • BYRON C ABELS JR MD

  • CABARRUS PATHOLOGY ASSOCIATES PA

  • CALDWELL FAMILY PHYSICIANS & URGENT CARE INC

  • CAPE FEAR CENTER FOR DIGESTIVE DISEASES PA

  • CAPE FEAR FAMILY MEDICAL CARE PA

  • CAPITAL NEUROLOGY & HEADACHE CENTER PA

  • CAROLINA COASTAL PLASTIC SURGERY

  • CAROLINA DERMATOLOGY & ENDOCRINOLOGY PA

  • CAROLINA EYE ASSOCIATES PA

  • CAROLINA INTERNAL MEDICINE ASSOCIATES PA

  • CAROLINA KIDNEY CARE PA

  • CAROLINA MOUNTAIN INTERNAL MEDICINE

  • CAROLINA SKIN SURGERY CENTER PA

  • CAROLINA WEST RADIOLOGY PA

  • CAROLINAS EAR NOSE AND THROAT CENTER PA

  • CAROLINAS PAIN INSTITUTE PA

  • CARY CARDIOLOGY PA

  • CARY PEDIATRIC CENTER PA

  • CARYMED PRIMARY CARE PA

  • CATAWBA RADIOLOGICAL ASSOCIATES INC

  • CENTRALINA ORTHOPAEDICS & SPORTS MEDICINE

  • CHAD TURNER

  • CHARLES W JONES MD PA

  • CHERYL H YANUCK MD PC

  • CHRISTOPHER E LORD MD

  • CHRISTOPHER PAUL GARWACKI MD PA

  • CHRISTOPHER T COUGHLIN MD

  • COASTAL ARTHRITIS & RHEUMATISM

  • COASTAL CAROLINA NEUROPSYCHIATRIC CENTER PA

  • COASTAL DERMATOLOGY & SURGERY CENTER PA

  • COASTAL EYE CLINIC PA

  • COASTAL PATHOLOGY ASSOCIATES PA

  • COASTAL SURGICAL SPECIALISTS PA

  • COLEY COSMETIC & HAND SURGERY CENTER PA

  • CRAIG H STEFFEE MD

  • CROSSROADS FAMILY MEDICAL CARE PA

  • CRYSTAL COAST FAMILY PRACTICE PA

  • CUMMINGS PLASTIC SURGERY

  • DANIEL M RICCI MD PA

  • DAVID M SUSCO MD

  • DAVID S THOMAS MD PA

  • DAVIDSON SURGICAL ASSOCIATES

  • DDB MEDICAL CONSULTANTS INC

  • DELANEY RADIOLOGISTS PA

  • DERMATOLOGY ASSOCIATES

  • DERMATOLOGY CENTER OF SHELBY

  • DINO A GRAZIANO MD

  • DOCTOR G FAMILY MEDICAL SERVICES PC

  • DOLLINGER & TOVE FAMILY MEDICINE ASSOCIATES PA

  • DRS PEARSON JEFFERSON & CAMP PA

  • DUDLEY'S PLACE IN

  • DURMAN WILLIAM MOOSE JR MD

  • EASTERN CAROLINA PSYCHIATRIC SERVICES

  • EASTERN RADIOLOGISTS INC

  • EDWIN L BELL MD

  • ELITE CARE OF FAYETTEVILLE

  • ER IMAGING INC

  • ERIN HOLLINGSWORTH STUBBS MD

  • ERNESTO JF GRAHAM MD

  • FAYETTEVILLE ANESTHESIA PA

  • FAYETTEVILLE PULMONOLOGY CRITICAL CARE

  • FOUNDATION FOR HEALTH LEADERSHIP & INNOVATION

  • FRANK INGRAM MD PA

  • FRANKLIN FAMILY PRACTICE

  • GASTON RADIOLOGY PA

  • GASTONIA PEDIATRIC ASSOCIATES PA

  • GASTONIA WELLNESS & LONG TERM CARE

  • GASTROENTEROLOGY ASSOCIATES OF THE PIEDMONT

  • GAURANG PALIKH MD PC

  • GRACE HEMATOLOGY & ONCOLOGY

  • GRACE MEDICAL CLINICS PA

  • GREENVILLE EYE CLINIC INC

  • HARVEY KOHN MD FACOG

  • HAYWOOD PEDIATRIC & ADOLESCENT MEDICINE GROUP PA

  • HEART RHYTHM ASSOCIATES

  • HELPING HANDS CLINIC

  • HENDERSONVILLE RADIOLOGICAL CONSULTANTS PA

  • HIGH POINT NEPHROLOGY ASSOCIATES

  • HOPE PHYSICIANS

  • HOSPICE OF RUTHERFORD COUNTY

  • HOSPICE OF THE PIEDMONT INC

  • INTEGRATIVE ARTHRITIS & PAIN CONSULTANTS

  • JAMES S PARSONS MD

  • JOHN A CHRETIEN MD

  • JOHN BURNETT HOLT MD

  • JOHN L GREEN MD PLLC

  • JONATHAN NESTOR MD PA

  • KIDS FIRST PEDIATRICS OF RAEFORD

  • LAKESHORE PEDIATRIC CENTER PA

  • LAUCHWOOD PATHOLOGY ASSOCIATES PA

  • LEGACY HEALTH PA

  • LELAND PEDIATRICS PC

  • LORI BIRDSONG MD

  • LORIN ELAINE GUILLORY JOHNSON MD

  • LYNX RADIOLOGY PC

  • MARK B WILLIAMSON MD PA

  • MECKLENBURG HEART SPECIALISTS PA

  • MECKLENBURG RADIOLOGY ASSOCIATES PA

  • MEDICAL CARE INC

  • METRO INTERNAL MEDICINE PA

  • MID-ATLANTIC EMERGENCY MEDICAL ASSOCIATES PLLC

  • MOUNTAIN EMERGENCY PHYSICIANS

  • MOUNTAIN PATHOLOGY SERVICES PA

  • NANCY C LEHMAN MD

  • NASH OBGYN ASSOCIATES PA

  • NELMS FAMILY & PREVENTIVE MEDICINE PA

  • NORTH CAROLINA WEIGHT & WELLNESS

  • NORTH CHARLOTTE PLASTIC & RECONSTRUCTIVE SURGERY

  • NORTH STATE PATHOLOGY ASSOCIATES PA

  • NORTHEAST DIGESTIVE HEALTH CENTER

  • NORTHLAKE CHILDREN'S ASSOCIATES PA

  • NORTHWEST EAR NOSE & THROAT PA

  • NOVA MEDICAL ASSOCIATES PLLC

  • OBAN ANESTHESIA CONSULTANTS

  • OCEANSIDE PEDIATRICS PA

  • OCRACOKE HEALTH CENTER INC

  • ONCOLOGY SPECIALISTS OF CHARLOTTE

  • ONSLOW OPHTHALMOLOGY PA

  • PATHOLOGY ASSOCIATES OF KINSTON

  • PATHVENTURE PC

  • PAUL E VISER MD

  • PEDIATRIC SURGICAL ASSOCIATES PA

  • PEDIATRIC UROLOGY ASSOCIATES

  • PERFORMANCE ORTHOPAEDIC SURGERY & SPORTS MEDICINE PA

  • PHYSICIANS ELDERCARE PA

  • PIEDMONT ENDOCRINOLOGY

  • PIEDMONT PLASTIC & ORAL SURGERY CENTER

  • PIEDMONT RADIATION ONCOLOGY

  • PIEDMONT TRIAD ANESTHESIA PA

  • PINEHURST NEPHROLOGY ASSOCIATES PC

  • PINEHURST RADIATION ONCOLOGY

  • PRIMARY MEDICAL CARE

  • PRIMECARE PHYSICIANS PA

  • PROFESSIONAL ANESTHESIA SERVICES INC

  • RALEIGH CAPITOL EAR NOSE AND THROAT

  • RALEIGH HAND TO SHOULDER CENTER PA

  • RALEIGH PATHOLOGY LABORATORY ASSOCIATES

  • RALEIGH PEDIATRIC ASSOCIATES PA

  • RALEIGH PSYCHIATRIC ASSOCIATES PA

  • REX PATHOLOGY ASSOCIATES PA

  • RHEMACARE INTERNAL MEDICINE INC

  • RICHARD M LEIGHTON DO

  • RICHMOND INTERNAL MEDICINE

  • RICKY A THOMPSON MD

  • RMZ ANESTHESIA SERVICES PA

  • ROANOKE MEDICAL ASSOCIATES PA

  • ROBERT BUCHANAN MD INC

  • ROBESON PEDIATRICS

  • RONALD L VEREEN MD

  • ROSEDALE HEALTH & WELLNESS

  • SAI UROLOGY PA

  • SALISBURY INTERNAL MEDICINE ASSOCIATES

  • SANDRA LEE MCCORMACK MD

  • SANDYA THIMMAPPA MD

  • SCOTLAND DERMATOLOGY

  • SCOTLAND MEDICAL CENTER PA

  • SCOTT LURIE MD PA

  • SHELBY MEDICAL ASSOCIATES PA

  • SHELBY PATHOLOGY GROUP PA

  • SHUBI SHAHIDA MD PC

  • SINGLETON VISION CENTER

  • SMITHFIELD FAMILY PRACTICE PA

  • SOUTHEAST RADIATION ONCOLOGY GROUP

  • SOUTHEASTERN DERMATOLOGY

  • SPECTRUM MEDICAL GROUP PA

  • STAR MEDICAL CLINIC PLLC

  • SU WOOI TEOH MD PA

  • SURF PEDIATRICS AND MEDICINE PC

  • TEMAS EYE CENTER

  • THE CARE CLINIC INC

  • THE FAMILY HEALTH CENTERS PA

  • THE MENTAL HEALTH FUND

  • THE RENAISSANCE CENTER FOR PLASTIC SURGERY AND WELLNESS

  • THE ZANNIS CENTER FOR PLASTIC SURGERY PA

  • TRIANGLE PRIMARY CARE ASSOCIATES

  • TYRRELL COUNTY RURAL HEALTH ASSOCIATION INC

  • UNIFOUR FAMILY PRACTICE

  • UROLOGY SPECIALISTS OF THE CAROLINAS

  • VANCEBORO INTERNAL MEDICINE

  • WALTON K JOYNER JR MD PA

  • WATAUGA RADIOLOGICAL SERVICES PA

  • WAYNE RADIOLOGISTS

  • WESTERN CAROLINA EYE ASSOCIATES PA

  • WHITEVILLE EYE ASSOCIATES PA

  • WHITEVILLE MEDICAL ASSOCIATES PA

  • WILSON FAMILY MEDICINE PA

  • WOMEN'S SPECIALTY CARE

Provenance

Return type
form_990
Tax year
2022
Filed
24 October 2023
IRS schema version
2022v5.0
Source object
202313059349301831

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.