NonprofitsNorth Carolina Medical Society Employee Benefit Trust

Health Care

North Carolina Medical Society Employee Benefit Trust

RALEIGH, NC

Total revenue

$47.8M

Total expenses

$52.6M

Net assets

$18.3M

Grants received

EIN

562096193

Tax year

2024

Mission

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.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$46.4M
Investment income$1.5M
Other revenue
Total revenue$47.8M

Expenses

Grants paid$108K
Salaries & benefits$5K
Fundraising
Other expenses$6.9M
Total expenses$52.6M
Total assets$24.1M
Net assets$18.3M

People

4 listed

NameRoleCompensation

KENNETH A HOLT MD

CHAIR

Board

$3K

2 hrs/wk

SANDY COHEN MD

TRUSTEE

Board

$500

1 hrs/wk

WILLIAM INGRAM III MD

TRUSTEE

Board

$500

1 hrs/wk

MARY ANN CONTAGIANNIS MD

TRUSTEE

Board

$500

1 hrs/wk

Independent contractors

BLUE CROSS BLUE SHIELD OF NC

CLAIMS ADJUDICATION & ADMINISTRATION

$2.6M

SENTINEL BENEFIT CONSULTING

SALES & MARKETING

$1.9M

MEDICAL MUTUAL INSURANCE CO OF NC

MANAGEMENT & ADMINISTRATION

$1.5M

CRUM & FORSTERNORTH RIVER INSURANCE

STOP LOSS COVERAGE

$879K

NC MEDICAL SOCIETY

PLAN SPONSORSHIP & ADMINISTRATION

$424K

Details

EIN562096193
NTEE codeE80
Subsection09
Ruling date2001-02
Formed1998
Employees0
Volunteers0
NORTH CAROLINA MEDICAL SOCIETY EMPLOYEE BENEFIT TRUST — Mission, Financials & Grants Received | Grantivo