Overview
What is Old North State Medical Society?
The Old North State Medical Society is a nonprofit organization, headquartered in Greensboro, North Carolina. Led by Michaux Kilpatrick, its primary objective is to foster health education and improvement. By operating as a mutual and benefit organization, the society contributes to this cause. Its activities primarily revolve around promoting health awareness and enhancement, thereby contributing positively to the community.
Official website here: www.onsms.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
The Old North State Medical Society has received a solid rating of 81%, indicating a strong performance in accountability and finance. The rating reflects the organization's commitment to transparency and effective management practices, as evidenced by an independent board and a significant focus on program expenses. The society has effectively ensured that the majority of its board members are independent, contributing to overall governance integrity.
Strengths of the organization include a high program expense ratio of 97.90%, demonstrating a prioritization of funds toward its mission-driven programs rather than administrative costs. The society also has a commendable score for its liabilities to assets ratio, indicating a sound financial position with low risk. Additionally, the absence of material diversions of assets and loans involving officers denotes a strong adherence to ethical standards.
However, the organization does have some limitations, particularly regarding its working capital ratio of 0.36 years, which may suggest challenges in liquidity. While the overall financial management appears stable, potential donors and stakeholders should consider this aspect when evaluating the organization's long-term financial resilience. Overall, the Old North State Medical Society shows a commitment to its mission and responsible financial practices, despite some areas that may require attention.
This AI summary has been generated from information found on Charity Navigator.
Is Old North State Medical Society legitimate?
Old North State Medical Society is a legitimate nonprofit organization registered as a 501(c)(3) entity. Old North State Medical Society submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,078,080
For more financial information, click here
Official website here: www.onsms.org/
What is the mission statement of Old North State Medical Society?
The Old North State Medical Society is committed to promoting health education and enhancement. Acting as a mutual and benefit organization, its mission is to enhance health knowledge and well-being. The society operates with a focus on advancing health-related information and resources. However, specific details about the methods or goals beyond health education and enhancement are not provided in the information.
Official website here: www.onsms.org/
Who is the CEO of Old North State Medical Society?
Michaux Kilpatrick is the President of Old North State Medical Society.
Official website here: www.onsms.org/
What is the revenue of Old North State Medical Society?
Old North State Medical Society's revenue in 2022 was $4,073,681.
Official website here: www.onsms.org/
Who are the executives of Old North State Medical Society and what are their salaries?
The average compensation at Old North State Medical Society during 2022 was $16,845. There are 64 employees at Old North State Medical Society.
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Official website here: www.onsms.org/
Where can I find the form 990 for Old North State Medical Society?
Old North State Medical Society's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.onsms.org/
Learn more at the official website: www.onsms.org/
Mission Statement of Old North State Medical Society
The Old North State Medical Society, a mutual and benefit organization, is dedicated to promoting health education and enhancement. This esteemed institution, skillfully managed by Michaux Kilpatrick, focuses on advancing health knowledge and improvement through its operations. The society's mission is to contribute positively to the health sector by fostering education and enhancement, thereby benefiting the community at large.
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Impact
July, 2024
The Old North State Medical Society has made a significant impact on health education and enhancement in Greensboro, NC. The society, under the management of Michaux Kilpatrick, has been actively promoting health education and well-being as a mutual and benefit organization. By focusing on these key areas, they have been able to positively influence the community's understanding of health-related issues and contribute towards improving overall health outcomes. Their efforts play a crucial role in enriching the lives of individuals and communities in Greensboro, NC, ultimately leading to a healthier and more informed population.
This information is meant to be a general summary of Old North State Medical Society. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Gross Receipts: $4,073,681
Assets and Liabilities:
- Total Assets: $1,153,130
- Total Liabilities: $157,021
- Net Assets: $996,109
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Organization Details
Founding Year
1975
Phone
(336) 254-3760Principal Officer
Michaux Kilpatrick
Main Address
204 Muirs Chapel Road, Greensboro, NC, 27410
Website
www.onsms.org/NTEE Category
Code: Y40 - Mutual benefit
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