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← NORTH CAROLINA ACADEMY OF FAMILY PHYSICIANS FOUNDATION

Form 990 for tax year 2023

Filed by NORTH CAROLINA ACADEMY OF FAMILY PHYSICIANS FOUNDATION.

Totals

Total revenue
$1,070,113
Total expenses
$666,200
Contributions and grants received
$931,221
Grants paid
$265,000
Program service revenue
$0
Investment income
$138,892
Other revenue
$0
Total assets, end of year
$3,435,794
Total liabilities, end of year
$23,212
Net assets or fund balances, end of year
$3,412,582
Program services expenses (Part IX)
$449,251
Management and general expenses
$87,463
Fundraising expenses
$129,486
Program service expenses (Part III)
$449,251

Program services were 67.4% 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.

  • 1c · Fundraising events

    $23,000

  • 1d · Related organizations

    $36,350

  • 1f · All other contributions, gifts and grants

    $871,871

  • 3 · Investment income

    total $107,359 · excluded $107,359

  • 7a · Gross sales of assets other than inventory

    securities $294,296

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

    securities $262,763

  • 7c · Gain or loss

    securities $31,533

  • 7d · Net gain or loss

    total $31,533 · excluded $31,533

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $23,000

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $250,000 · program services $250,000

  • 2 · Grants to domestic individuals

    total $15,000 · program services $15,000

  • 7 · Other salaries and wages

    total $206,453 · program services $126,260 · management and general $54,915 · fundraising $25,278

  • 11a · Fees: management

    total $2,466 · management and general $2,466

  • 11c · Fees: accounting

    total $5,500 · management and general $5,500

  • 11e · Fees: professional fundraising services

    total $103,977 · fundraising $103,977

  • 11f · Fees: investment management

    total $17,020 · management and general $17,020

  • 11g · Fees: other

    total $1,414 · management and general $1,414

  • 13 · Office expenses

    total $1,117 · program services $178 · management and general $804 · fundraising $135

  • 17 · Travel

    total $12,584 · program services $9,279 · management and general $3,209 · fundraising $96

  • 19 · Conferences, conventions and meetings

    total $31,815 · program services $31,815

  • 23 · Insurance

    total $2,045 · management and general $2,045

  • 24a · Other expenses: LEADERSHIP

    total $16,217 · program services $16,217

  • 24b · Other expenses: MISCELLANEOUS

    total $592 · program services $502 · management and general $90

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $355,267 · end of year $51,554

  • 2 · Savings and temporary cash investments

    beginning of year $590,686 · end of year $732,343

  • 3 · Pledges and grants receivable

    end of year $234,267

  • 4 · Accounts receivable

    beginning of year $30,620 · end of year $4,639

  • 11 · Investments: publicly traded securities

    beginning of year $1,938,541 · end of year $2,412,991

  • 17 · Accounts payable and accrued expenses

    beginning of year $44,569 · end of year $23,212

  • 27 · Net assets without donor restrictions

    beginning of year $2,545,136 · end of year $3,177,554

  • 28 · Net assets with donor restrictions

    beginning of year $325,409 · end of year $235,028

Mission and programs · 2023

Mission

TO SUPPORT THE ADVANCEMENT OF FAMILY MEDICINE IN NORTH CAROLINA BY FOSTERING STUDENT INTEREST IN FAMILY MEDICINE, ENHANCING THE HEALTH OF THE CITIZENS OF OUR STATE, AND ENCOURAGING PHYSICIAN WELL-BEING.

  • THE NCAFP AND NCAFP FOUNDATION COOPERATED TO HOST ITS ANNUAL WINTER FAMILY PHYSICIANS WEEKEND MEETING, WHERE MEDICAL STUDENTS HAD OPPORTUNITIES TO MEET WITH RESIDENCY PROGRAMS AND LEARN ABOUT FAMILY MEDICINE AS A SPECIALTY WHILE ALSO BEING EXPOSED TO EDUCATIONAL AND HANDS-ON OPPORTUNITIES. THE FOUNDATION PROVIDED MEDICAL STUDENTS TRAVEL ASSISTANCE TO ATTEND THIS CONFERENCE. THE NCAFP FOUNDATION GRANTED MULTIPLE SCHOLARSHIPS TO NORTH CAROLINA MEDICAL STUDENTS CONSIDERING CAREERS AS FAMILY PHYSICIANS. THE FOUNDATION ORGANIZED TWO SUMMER PROGRAMS TO PROVIDE MEDICAL STUDENTS TWO WORK WEEK CLINICAL EXPERIENCES ACROSS THE STATE. THE SUMMER PROGRAM PAID STIPENDS TO STUDENTS AND PRECEPTORS AS WELL AS COVERED DIRECT PROGRAM COSTS.

    Expenses $199,251 · Grants $15,000

  • THE FOUNDATION, WITH FUNDS PROVIDED BY UNITED HEALTHCARE, ESTABLISHED THE FAMILY MEDICINE PRACTICE TELEMEDICINE AND MEDICAL SCRIBE PILOT PROGRAM TO SUPPORT SMALL MEDICAL PRACTICES WHICH ARE CONTINUING TO IMPLEMENT TELEHEALTH. THE PROGRAM WILL PROVIDE FUNDING OF $100,000 TO THREE PARTICIPATING PRACTICES. THE PROGRAM FUNDS ARE TO BE USED TO HIRE NEW SCRIBES OR MEDICAL ASSISTANTS FOR A YEAR-LONG PROJECT TO BETTER INTEGRATE IN-PERSON AND VIRTUAL VISITS INTO THE PRACTICES' CLINICAL WORKFLOWS. BY INCREASING THE EFFICIENCY OF THESE VISITS, THE PARTICIPATING PRACTICES CAN INCREASE ACCESS TO MEDICAL CARE IN OUR STATE'S RURAL AND UNDERSERVED AREAS.

    Expenses $250,000 · Grants $250,000

As filed on the 2023 return.

Listed in Part VII

  • MAUREEN E MURPHY MD FAAFP

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • EUGENIE M KOMIVES MD FAAFP

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • KYLE MELVIN MD

    SECRETARY-TREASURER

    Total calculated
    $0
    Hours/week
    1

  • CHRISTOPHER P DANFORD MD

    PHYSICIAN TRUSTEE

    Total calculated
    $0
    Hours/week
    0.25

  • VICKIE A FOWLER MD

    PHYSICIAN TRUSTEE

    Total calculated
    $0
    Hours/week
    0.25

  • MICHAEL J HARRIS MD

    PHYSICIAN TRUSTEE

    Total calculated
    $0
    Hours/week
    0.25

  • AMY E MARIETTA MD MPH

    PHYSICIAN TRUSTEE

    Total calculated
    $0
    Hours/week
    0.25

  • AMIR H BARZIN DO

    PHYSICIAN TRUSTEE

    Total calculated
    $0
    Hours/week
    0.25

  • FRANKLIN NIBLOCK MD

    PHYSICIAN TRUSTEE

    Total calculated
    $0
    Hours/week
    0.25

  • GARETT R FRANKLIN MD

    ACADEMY PRESIDENT-ELECT

    Total calculated
    $2,500
    From this org
    $0
    From related orgs
    $2,500
    Other
    $0
    Hours/week
    1 + 1 related

  • SHAUNA L GUTHRIE MD MPH

    ACADEMY PRESIDENT

    Total calculated
    $5,000
    From this org
    $0
    From related orgs
    $5,000
    Other
    $0
    Hours/week
    1 + 5 related

  • STEVE PARKER

    CORPORATE TRUSTEE

    Total calculated
    $0
    Hours/week
    0.25

  • JOHN SMITH MD

    CORPORATE TRUSTEE

    Total calculated
    $0
    Hours/week
    0.25

  • TOM WROTH MD

    CORPORATE TRUSTEE

    Total calculated
    $0
    Hours/week
    0.25

  • WESLEY T ROTEN MD

    RESIDENT TRUSTEE

    Total calculated
    $0
    Hours/week
    0.25

  • JAMES T MULLER DO

    RESIDENT TRUSTEE

    Total calculated
    $0
    Hours/week
    0.25

  • CY FOGELMAN

    STUDENT TRUSTEE

    Total calculated
    $0
    Hours/week
    0.25

  • COLLEEN YANG

    STUDENT TRUSTEE

    Total calculated
    $0
    Hours/week
    0.25

  • GREGORY GRIGGS MPA CAE

    EXECUTIVE VP AND CEO

    Total calculated
    $258,462
    From this org
    $0
    From related orgs
    $215,754
    Other
    $42,708
    Hours/week
    5 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $193,140 related
    Bonus
    $0 + $19,314 related
    Other
    $0 + $3,300 related
    Deferred
    $0 + $19,311 related
    Nontaxable benefits
    $0 + $23,397 related
    Filer's total
    $0 + $258,462 related

  • SHAWN PARKER

    GENERAL COUNSEL AND CHIEF

    Total calculated
    $199,942
    From this org
    $0
    From related orgs
    $175,849
    Other
    $24,093
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $159,863 related
    Bonus
    $0 + $15,986 related
    Other
    $0
    Deferred
    $0 + $15,983 related
    Nontaxable benefits
    $0 + $8,110 related
    Filer's total
    $0 + $199,942 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • Hodges Family Practice

    $100,000

    Practice Stipend

  • MedNorth Health Center

    $100,000

    Practice Stipend

  • Clinton Medical Clinic

    $50,000

    Practice Stipend

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.

Provenance

Return type
form_990
Tax year
2023
Filed
12 July 2024
IRS schema version
2023v5.1
Source object
202421949349301107

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