Methodist University Cape Fear Valley Health School of Medicine I
Public records show a registered, tax-exempt organization in good standing.
What it says it does
The organization was formed to support the development and operation of the Methodist University Cape Fear Valley Health School of Medicine, a collaboration between Methodist University and Cape Fear Valley Health System to address regional physician shortages and improve access to care in southeastern North Carolina. During the fiscal year, the organization transitioned from planning to active implementation, making significant progress toward full accreditation. Key accomplishments included advancing LCME accreditation efforts, expanding administrative, academic, and operational infrastructure, hiring faculty and staff, developing the curriculum with integrated clinical partnerships, investing in facilities and technology, and strengthening governance and compliance systems. These efforts position the School of Medicine for inaugural student matriculation and long-term sustainability.
- Income
- $6.1 million
- Spending
- $5.8 million
- Spent on programs
- 78%
- Reserves
- 0.5 months of spending
- Largest source of income
- donations and private grants, 100%
- Employees
- 0
- Volunteers
- 10
- Highest pay
- $1.8 million, board member (cfvhs)
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Fair: 51 out of 100. Higher than 31% of charities in its peer group (education, $1m to $10m).
Reserves
4 of 35Spendable reserves would cover 0.5 months of spending.
Debt
2 of 20It owes 80% of what it owns.
Living within its means
15 of 15Income exceeded spending by 4% of income.
Income trend
15 of 15Income rose 177% on the year before.
Spending floor
15 of 1578% of spending went to programs and raising each dollar of donations cost 0 cents.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Good: 85 out of 100. Higher than 47% of charities in its peer group (education, $1m to $10m).
Independent board
25 of 256 of 9 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
0 of 8Reports no written whistleblower policy.
Record keeping policy
0 of 7Reports no written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- $4.5 million spent. The primary program service of the organization is the planning, development, and implementation of a community-based medical school in partnership with Methodist University and Cape Fear Valley Health System. During the fiscal year, the organization incurred program service expenses related to: Faculty and staff recruitment and compensation Curriculum design and academic program development Accreditation preparation and compliance activities Information technology, simulation, and educational infrastructure Administrative and operational support functions. These activities are directly aligned with the organization's exempt purpose of advancing medical education and improving healthcare access in the region.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending June 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since April 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.