NORTH CAROLINA ACADEMY OF FAMILY PHYSICIANS FOUNDATION

EIN: 561686052 501(c)(3) Health Care

RALEIGH, NC

Total Revenue
$1,705,574
Total Expenses
$392,471
Total Assets
$4,770,540
Net Assets
$4,754,389
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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
NC
Principal Officer
GREGORY GRIGGS
Phone
9198332110
Tax Period
2024-01-01 to 2024-12-31

NORTH CAROLINA ACADEMY OF FAMILY PHYSICIANS FOUNDATION, founded in 1990, is a community nonprofit in the Health Care sector that reported $1.7M in total revenue in fiscal year 2024. Revenue surged 59% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.3M, a strong 77% operating margin.

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.

Program Service Accomplishments

Program 1
Expenses: $166,081

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...

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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.

Program 2
Expenses: $50,000

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...

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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.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,464,699
Program Service Revenue $0
Investment Income $240,875
Other Revenue $0
TOTAL REVENUE $1,705,574

Expense Breakdown

Grants Paid $66,000
Salaries & Benefits $193,810
Fundraising Expenses $70,434
Program Expenses $216,081
Other Expenses $102,647
TOTAL EXPENSES $392,471

Year-over-Year Comparison

2024 2023 Change
Revenue $1,705,574 $1,070,113 +0.6%
Expenses $392,471 $666,200 -0.4%
Net Income $1,313,103 $403,913 +2.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
18
Independent Members
18
Employees
N/A
Volunteers
21

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$520,660
Total Directors
21
$7,500
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MAUREEN E MURPHY MD FAAFP PRESIDENT 1.00
Officer Director
$0 $0 $0
EUGENIE M KOMIVES MD FAAFP VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
KYLE MELVIN MD SECRETARY-TREASURER 1.00
Officer Director
$0 $0 $0
CHRISTOPHER P DANFORD MD PHYSICIAN TRUSTEE 0.25
Director
$0 $0 $0
VICKIE A FOWLER MD PHYSICIAN TRUSTEE 0.25
Director
$0 $0 $0
MICHAEL J HARRIS MD PHYSICIAN TRUSTEE 0.25
Director
$0 $0 $0
KENNETH HERRING MD PHYSICIAN TRUSTEE 0.25
Director
$0 $0 $0
AMIR H BARZIN DO PHYSICIAN TRUSTEE 0.25
Director
$0 $0 $0
FRANKLIN NIBLOCK MD PHYSICIAN TRUSTEE 0.25
Director
$0 $0 $0
CECILE ROBES DO PHYSICIAN TRUSTEE 0.25
Director
$0 $0 $0
GARETT R FRANKLIN MD ACADEMY PRESIDENT 1.00
Director
$0 $0 $5,000
MARK MCNEILL ACADEMY PRESIDENT-ELECT 1.00
Director
$0 $0 $2,500
STEVE PARKER CORPORATE TRUSTEE 0.25
Director
$0 $0 $0
TOM WROTH MD CORPORATE TRUSTEE 0.25
Director
$0 $0 $0
SOFIA GKOULGKOUNTINA DO RESIDENT TRUSTEE 0.25
Director
$0 $0 $0
CALEB SMITH MD RESIDENT TRUSTEE 0.25
Director
$0 $0 $0
CLAIRE NAMBOODRI MD RESIDENT TRUSTEE 0.25
Director
$0 $0 $0
ANDREA AUGUSTINE MPH STUDENT TRUSTEE 0.25
Director
$0 $0 $0
MABELLE MATHEW STUDENT TRUSTEE 0.25
Director
$0 $0 $0
JULIA WOOD STUDENT TRUSTEE 0.25
Director
$0 $0 $0
SHLIA ROMANICK STUDENT TRUSTEE 0.25
Director
$0 $0 $0
GREGORY GRIGGS MPA CAE EXECUTIVE VP AND CEO 5.00
Officer
$0 $58,390 $303,190
SHAWN PARKER GENERAL COUNSEL AND CHIEF 5.00
Officer
$0 $27,170 $217,470
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $1,705,574 $392,471 $4,770,540 $1,313,103
2023 $1,070,113 $666,200 $3,435,794 $403,913
2022 $502,168 $244,849 $2,915,114 $257,319
2021 $185,573 $174,794 $2,938,633 $10,779
2020 $167,318 $183,347 $2,810,420 $-16,029
2019 $897,628 $267,397 $2,724,013 $630,231
2018 $219,480 $242,893 $2,027,169 $-23,413
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