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Nonprofiteer
← CAROLINA MEDICORP ENTERPRISES INC

Form 990 for tax year 2022

Filed by CAROLINA MEDICORP ENTERPRISES INC.

What the amendment changed

Compared with the return it replaced , filed 14 November 2023. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$42,072,647 changed to $4,224,741
Total expenses
$50,344,323 changed to $4,588,651
Program service revenue
$42,062,705 changed to $4,207,052
Investment income
$7,510 changed to $17,689
Other revenue
$2,432 changed to $0
Total assets, end of year
$7,419,758 changed to $0
Total liabilities, end of year
$53,943,848 changed to $0
Net assets or fund balances, end of year
-$46,524,090 changed to $0
Program services expenses
$14,326,189 changed to $1,587,742
Management and general expenses
$36,018,134 changed to $3,000,909
Program service expenses (Part III)
$14,326,189 changed to $1,587,742

Listed only on the earlier return

  • Eric Eskioglu MD
  • Fred Hargett
  • Geoffrey Gardner
  • Guangbin Zeng
  • John Holland
  • John Howard
  • Marty Lambeth
  • Mohammad Kasaji
  • William Jennings
  • William Masius

Listed under a different title

  • Douglas Young PhD: TRUSTEE then SECRETARY/TREASURER
  • Pamela Oliver MD: EVP & PRES PHYS NETWORK/TRUSTEE then PRESIDENT
  • Robert Barr MD: SECRETARY/TREASURER then TRUSTEE

Totals

Total revenue
$4,224,741
Total expenses
$4,588,651
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$4,207,052
Investment income
$17,689
Other revenue
$0
Total assets, end of year
$0
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$1,587,742
Management and general expenses
$3,000,909
Fundraising expenses
$0
Program service expenses (Part III)
$1,587,742

Program services were 34.6% 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.

  • 2a · Program service revenue: NET PATIENT REVENUE

    total $4,207,052 · related or exempt $4,207,052

  • 3 · Investment income

    total $17,689 · excluded $17,689

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $1,286,190 · program services $1,286,190

  • 8 · Pension plan contributions

    total $66,155 · program services $66,155

  • 9 · Other employee benefits

    total $87,875 · program services $87,875

  • 10 · Payroll taxes

    total $101,373 · program services $101,373

  • 11a · Fees: management

    total $3,000,000 · management and general $3,000,000

  • 11g · Fees: other

    total $808 · program services $808

  • 13 · Office expenses

    total $1,340 · program services $1,179 · management and general $161

  • 16 · Occupancy

    total $2,687 · program services $2,687

  • 17 · Travel

    total $4,596 · program services $4,596

  • 19 · Conferences, conventions and meetings

    total $2,189 · program services $2,189

  • 22 · Depreciation, depletion and amortization

    total $973 · program services $973

  • 23 · Insurance

    total $10,886 · program services $10,138 · management and general $748

  • 24a · Other expenses: CONTRACT LABOR

    total $16,401 · program services $16,401

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $5,893 · program services $5,893

  • 24c · Other expenses: TRAINING & EDUCATION

    total $1,185 · program services $1,185

  • 24d · Other expenses: MISCELLANEOUS

    total $100 · program services $100

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,846,278 · end of year $0

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $3,472,343 · end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    end of year $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $101,137 · end of year $0

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $927,085

  • 25 · Other liabilities

    beginning of year $53,016,763 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year -$46,524,090 · end of year $0

Mission and programs · 2022

Mission

SEE SCHEDULE O

  • CAROLINA MEDICORP ENTERPRISES, INC. (CME) IS MADE UP OF QUALITY PHYSICIANS IN A VARIETY OF PRIMARY AND SPECIALTY AREAS PROVIDING GENERAL MEDICAL AND OCCUPATIONAL MEDICINE SERVICES. CME EXISTS TO ADVANCE AND SUPPORT THE PROMOTION OF THE HEALTH OF THE INHABITANTS OF FORSYTH COUNTY, NC AND SURROUNDING AREAS THROUGH THE OPERATION OF URGENT AND OCCUPATIONAL CARE CENTERS AND THE OPERATION OF PRIMARY AND SPECIALTY PHYSICIAN PRACTICES. IN JANUARY 2023, THE ORGANIZATION CONVERTED TO A LIMITED LIABILITY COMPANY WHOLLY OWNED BY NOVANT HEALTH, INC, A TAX-EXEMPT HEALTHCARE ORGANIZATION, AND ALL CONTINUING OPERATIONS ARE REPORTED ON THE NOVANT HEALTH, INC.'S FORM 990.

    Expenses $1,587,742 · Revenue $4,207,052

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

Listed in Part VII

  • Robert Barr MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.2 + 0.2 related

  • Joseph Ely

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.2 + 0.2 related

  • Daniel Murphy MD

    CHAIR

    Total calculated
    $0
    Hours/week
    0.2 + 0.2 related

  • Pamela Oliver MD

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.2 + 0.2 related

  • Danielle Squires

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.2 + 0.2 related

  • Douglas Young PhD

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    0.2 + 0.2 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.

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

The filer's explanations (Part III)

PART I, LINE 3
IN JANUARY 2023, THE ORGANIZATION CONVERTED TO A LIMITED LIABILITY COMPANY WHOLLY OWNED BY NOVANT HEALTH, INC, A TAX-EXEMPT HEALTHCARE ORGANIZATION, AND ALL CONTINUING OPERATIONS ARE REPORTED ON THE NOVANT HEALTH, INC.'S FORM 990. SINCE THIS IS A SHORT YEAR RETURN IN WHICH THERE IS NO CALENDAR YEAR THAT ENDS WITH OR WITHIN THE SHORT YEAR, WE ARE NOT REPORTING COMPENSATION FOR ANYONE LISTED IN PART VII.

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

No itemized grants to organizations on this return.

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 corporations and trusts

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

  • ADEPT HEALTH INC

    C · ADMIN SERVICES · NC

  • CHOICEHEALTH INC

    C · MANAGED CARE · NC

  • COMMUNICARE INC

    C · RENTAL REAL ESTATE · NC

  • KERNERSVILLE MEDICAL CENTER PARK OWNERS' ASSOCIATION

    C · RENTAL REAL ESTATE · NC

  • MEDQUEST INC & SUBSIDIARIES

    C · DIAGNOSTIC IMAGING · DE

  • SALEM DIAGNOSTICS INC

    C · HEALTH RELATED · NC

  • SALEM HEALTH SERVICES INC

    C · HEALTH RELATED · NC

  • THE PARK AT MONROE PROPERTY OWNERS ASSOCIATION INC

    C · RENTAL REAL ESTATE · NC

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

Provenance

Return type
form_990
Tax year
2022
Filed
14 December 2023
IRS schema version
2022v5.0
Source object
202323489349300722

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