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← WAKE COUNTY MEDICAL SOCIETY COMMUNITY HEALTH FOUNDATION INC

Form 990 for tax year 2022

Filed by WAKE COUNTY MEDICAL SOCIETY COMMUNITY HEALTH FOUNDATION INC.

Totals

Total revenue
$1,336,330
Total expenses
$375,481
Contributions and grants received
$1,258,139
Grants paid
$510
Program service revenue
$0
Investment income
$78,191
Other revenue
$0
Total assets, end of year
$3,526,162
Total liabilities, end of year
$15,695
Net assets or fund balances, end of year
$3,510,467
Program services expenses (Part IX)
$231,307
Management and general expenses
$144,174
Fundraising expenses
$0
Program service expenses (Part III)
$231,307

Program services were 61.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

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.

  • 1f · All other contributions, gifts and grants

    $1,258,139

  • 3 · Investment income

    total $77,661 · excluded $77,661

  • 7a · Gross sales of assets other than inventory

    securities $64,705

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

    securities $64,175

  • 7c · Gain or loss

    securities $530

  • 7d · Net gain or loss

    total $530 · excluded $530

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $510 · program services $510

  • 5 · Compensation of officers, directors and key employees

    total $91,687 · program services $60,513 · management and general $31,174

  • 7 · Other salaries and wages

    total $144,489 · program services $94,779 · management and general $49,710

  • 9 · Other employee benefits

    total $28,353 · program services $18,600 · management and general $9,753

  • 10 · Payroll taxes

    total $16,823 · program services $11,036 · management and general $5,787

  • 11b · Fees: legal

    total $450 · program services $7 · management and general $443

  • 11c · Fees: accounting

    total $14,305 · program services $229 · management and general $14,076

  • 11f · Fees: investment management

    total $13,357 · management and general $13,357

  • 11g · Fees: other

    total $1,226 · program services $804 · management and general $422

  • 13 · Office expenses

    total $12,169 · program services $6,708 · management and general $5,461

  • 14 · Information technology

    total $31,244 · program services $27,529 · management and general $3,715

  • 17 · Travel

    total $2,307 · program services $2,044 · management and general $263

  • 19 · Conferences, conventions and meetings

    total $407 · program services $205 · management and general $202

  • 22 · Depreciation, depletion and amortization

    total $2,007 · management and general $2,007

  • 23 · Insurance

    total $13,763 · program services $6,139 · management and general $7,624

  • 24a · Other expenses: DUES AND SUBSCRIPTIONS

    total $2,384 · program services $2,204 · management and general $180

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $20,756 · end of year $17,313

  • 2 · Savings and temporary cash investments

    beginning of year $1,036,851 · end of year $808,340

  • 3 · Pledges and grants receivable

    beginning of year $321,933 · end of year $1,236,676

  • 4 · Accounts receivable

    beginning of year $772 · end of year $578

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,253 · end of year $9,000

  • 10a · Land, buildings and equipment: cost or other basis

    $15,672

  • 10b · Land, buildings and equipment: accumulated depreciation

    $15,672

  • 10c · Land, buildings and equipment, net

    beginning of year $2,007 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $1,713,972 · end of year $1,454,255

  • 17 · Accounts payable and accrued expenses

    beginning of year $23,006 · end of year $15,695

  • 27 · Net assets without donor restrictions

    beginning of year $2,757,538 · end of year $2,365,317

  • 28 · Net assets with donor restrictions

    beginning of year $320,000 · end of year $1,145,150

Mission and programs · 2022

Mission

TO IMPROVE THE VALUE OF HEALTH CARE FOR OUR COMMUNITY BY ADVANCING HIGH QUALITY, PATIENT-CENTERED, AND COORDINATED CARE.

Activities or mission (Part I)

WCMSCHF'S FLAGSHIP PROGRAM, PROJECT ACCESS OF WAKE COUNTY (PA), HAS BEEN PROVIDING ACCESS TO DONATED SPECIALTY AND DIAGNOSTIC CARE FOR ELIGIBLE UNINSURED RESIDENTS OF WAKE AND FRANKLIN COUNTIES WITH HOUSEHOLD INCOMES BELOW 250% OF THE FEDERAL POVERTY LEVEL FOR 21 YEARS. PA ALSO NAVIGATES UNINSURED PATIENTS WITHOUT A PRIMARY CARE HOME TO AFFORDABLE OR FREE CARE AT ONE OF 12 PARTNERING SAFETY-NET CLINICS. PA STAFF ALSO ENGAGE WITH PROGRAM ENROLLEES TO ASSURE THAT PATIENTS COMPLETE CONNECTIONS WHILE HELPING BUILD AWARENESS AND ABILITY TO SELF-MANAGE THE HEALTHCARE LANDSCAPE.

  • PROJECT ACCESS OF WAKE & FRANKLIN COUNTIES (PA) - THE PA PROGRAM IS A COLLABORATIVE ALLOWING PARTNER ORGANIZATIONS TO PROVIDE MEDICAL CARE IN A COORDINATED FASHION FOR THE LOW-INCOME COMMUNITY WHILE FACILITATING ONGOING COMMUNICATION, COORDINATION OF SERVICES, ASSESSMENT OF COMMUNITY HEALTH NEEDS, IDENTIFICATION OF PRIORITIES, AND INITIATION OF WORKING PARTNERSHIPS AMONG PROVIDERS. THE PA PROGRAM IS A PRIVATE, NON-PROFIT PROGRAM THAT CONNECTS ELIGIBLE UNINSURED CLIENTS TO HIGH QUALITY MEDICAL SERVICES DONATED BY PHYSICIANS.

    Expenses $231,307 · Grants $510

As filed on the 2022 return.

Listed in Part VII

  • JOHN ER PERRY III MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KIM MCDONALD MD MPH

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • LEIGH BLEEKER

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • H WEST LAWSON MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • PETER J MORRIS MD MPH MDIV

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • SCOT MCCRAY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • PETE TANNENBAUM

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • THERESA AMERSON MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ROBERT L MUNT JR MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • REYNOLDS TAD CLODFELTER PSYD

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • SHERRY HENDERSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JENNIFER BRIGHTON

    EXECUTIVE DIRECTOR

    Total calculated
    $91,687
    From this org
    $80,608
    From related orgs
    $0
    Other
    $11,079
    Hours/week
    40

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
19 September 2023
IRS schema version
2022v5.0
Source object
202322839349301332

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