2012-05-14T14:20:24-05:00 2011-06-30 990 2010-07-01 223849199 WAKE FOREST UNIVERSITY HEALTH SCIENCES WAKE 3367164445 MEDICAL CENTER BLVD WINSTONSALEM NC 27157 JOHN D MCCONNELL MD 3367164445 2012-05-14 2010 2016-02-24 21:20:13Z JOHN D MCCONNELL MD MEDICAL CENTER BLVD WINSTON SALEM NC 27157 790822539 0 X WAKEHEALTH.EDU X 2001 NC IMPROVING THE HEALTH OF OUR REGION, STATE, AND NATION. 18 10 5411 0 4282 2954 212511688 237283114 425536731 426496897 30640683 55417506 89696869 69275712 758385971 788473229 32722499 35900212 0 0 445260062 444943001 455156 370978 5137532 267584991 258160099 746022708 739374290 12363263 49098939 982135270 1084323226 534554145 545355496 447581125 538967730 X WAKE FOREST UNIVERSITY BAPTIST MEDICAL CENTER'S MISSION IS TO IMPROVE THE HEALTH OF OUR REGION, STATE AND NATION BY: GENERATING AND TRANSLATING KNOWLEDGE TO PREVENT, DIAGNOSE AND TREAT DISEASE; TRAINING LEADERS IN HEALTH CARE AND BIOMEDICAL SCIENCE; SERVING AS THE PREMIER HEALTH SYSTEM IN OUR REGION, WITH SPECIFIC CENTERS OF EXCELLENCE RECOGNIZED AS NATIONAL AND INTERNATIONAL CARE DESTINATIONS. 0 0 188731882 193891249 MEDICAL RESEARCH, GENERAL/OTHER: RESEARCH COMPRISED OF BASIC SCIENCE CLINICAL RESEARCH AND POPULATION BASED STUDIES AND IS CENTERED ON THE ACQUISITION AND ADVANCEMENT OF SCIENTIFIC KNOWLEDGE AND NEW TECHNOLOGY AND THEIR TRANSFER TO INDUSTRY AND THE PATIENT IN ORDER TO PREVENT AND TREAT DISEASE AND PROMOTE HEALTH (2001 GRANTS). 394638677 395679723 PATIENT CARE, GENERAL/OTHER:MEDICAL EXPENSES IN PROVIDING SERVICES TO 721,397 PATIENT ENCOUNTERS. 97483732 19038469 PROFESSIONAL EDUCATION: INSTRUCTION OF APPROX. 972 MEDICAL, GRADUATE, AND PHYSICIAN ASSISTANT STUDENTS. SCHOLARSHIPS PROVIDED TO 599 STUDENTS. PROFESSIONAL EDUCATION: INSTRUCTION OF APPROX. 912 MEDICAL, GRADUATE, AND PHYSICIAN ASSISTANT STUDENTS. SCHOLARSHIPS PROVIDED TO 599 STUDENTS. 680854291 1 1 0 1 0 0 0 0 1 1 1 1 1 1 1 1 1 1 0 0 1 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 1 952 0 1 5411 1 1 1 0 0 0 1 1 1 1 0 0 0 0 X 18 10 1 1 1 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 1 1 NC X DOUGLAS E LISCHKE CONTROLLER 3367164445 MEDICAL CENTER BLVD WINSTON SALEM NC 27157 X DONALD E FLOW 6.00 X 0 0 0 DONNA A BOSWELL PHD 4.00 X 0 0 0 JAMES R HELVEY III 4.00 X 0 0 0 ANDREW J SCHINDLER 4.00 X 0 0 0 MITESH BHARAT SHAH 4.00 X 0 0 0 JAMES T WILLIAMS JR 4.00 X 0 0 0 KYLE A YOUNG MD 4.00 X 0 0 0 GRAHAM F BENNETT 4.00 X 0 0 0 RICHARD A BRENNER 4.00 X 0 0 0 GRAHAM W DENTON JR 4.00 X 0 0 0 DENISE JAMES GATLING 4.00 X 0 0 0 ROBERT E GREENE 4.00 X 0 0 0 J ANDREWS HANCOCK III 4.00 X 0 0 0 ANN S HANES 4.00 X 0 0 0 JAMES DENMAN SHELTON 4.00 X 0 0 0 STEPHEN T WILLIAMS 4.00 X 0 0 0 NATHAN O HATCH PHD 3.00 X X 0 1342373 116126 JOHN D MCCONNELL MD 11.00 X X 1875612 0 624197 WILLIAM B APPLEGATE MD 30.00 X 643438 0 100103 DOUGLAS L EDGETON 15.00 X 613769 0 41279 J REID MORGAN 5.00 X 0 365229 49026 ANITA M CONRAD 8.00 X 0 147521 29206 EDWARD G CHADWICK 14.00 X 730805 0 243782 TERRY L HALES JR 24.60 X 441097 0 59536 THOMAS E SIBERT MD 8.00 X 740478 0 254655 RUSSELL M HOWERTON MD 15.00 X 580706 0 51108 LISA M WYATT 9.00 X 334084 0 30629 CHERYL E H LOCKE 9.00 X 710536 0 34116 SHEILA M SANDERS 9.00 X 381555 0 45230 NORMAN D POTTER JR 9.00 X 222258 0 37771 KAREN H HUEY 9.00 X 229431 0 59613 JOANNE C RUHLAND 9.00 X 210942 0 35556 NEAL KON MD 40.00 X 1047191 0 41940 ROSS UNGERLEIDER MD 40.00 X 1006974 0 162958 EDWARD KINCAID MD 40.00 X 790382 0 45651 MALCOLM MARKS MD 40.00 X 735850 0 41942 CHARLES BRANCH JR MD 40.00 X 710740 0 41804 LAWRENCE D HOPKINS MD 40.00 X 163860 0 34661 RAYMOND C ROY MD 40.00 X 265137 0 38562 12434845 1855123 2219451 978 1 1 1 NORTH CAROLINA BAPTIST HOSPITAL MEDICAL CENTER BLVD WINSTON SALEM NC 27157 PURCHASED SERVICES 9954487 SHELCO INCORPORATED PO BOX 25747 WINSTON SALEM NC 271145745 PURCHASED SERVICES 7014060 DANN DORFMAN HERRELL & SKILLMAN 1601 MARKET ST SUITE 2400 PHILADELPHIA PA 191032307 PURCHASED SERVICES 2607738 THE BUDD GROUP 1000 AMBLE DRIVE CHARLOTTE NC 28206 PURCHASED SERVICES 2524343 MEDCOST BENEFIT SERVICES 165 KIMEL PARK DRIVE WINSTON SALEM NC 27103 PURCHASED SERVICES 2221320 63 6266434 298628 193981249 36736803 1072549 237283114 PAYMENTS FOR MEDICAL S 621110 407458428 407454146 4282 TUITION AND FEES 611710 19038469 19038469 426496897 10640906 10640906 67401957 67401957 3842933 1670318 2172615 2172615 2172615 44776600 44776600 44776600 44776600 75252 298628 370978 -295726 -295726 304880 308014 -3134 -3134 788473229 504532344 4282 46653489 35900212 35900212 9469735 2998939 5930634 540162 364976043 359346585 3829071 1800387 13198734 12572097 543217 83420 37398319 35796086 1350490 251743 19900170 19040471 725793 133906 1932510 1776873 155637 5180907 2428142 2729945 22820 282989 63046 219943 770103 770103 370978 370978 53176323 45059672 7047108 1069543 1623123 839239 782354 1530 93609845 89699608 3335332 574905 6055082 5598769 453629 2684 35144227 12936811 22144636 62780 8555122 7910063 474840 170219 5089467 4720043 327124 42300 8402282 7767282 635000 26331852 24655365 1676487 11979058 10947676 1021227 10155 MISCELLANEOUS 27209 27209 739374290 680854291 53382467 5137532 0 51950303 71287537 26381778 26437171 68478608 65536248 0 0 5029686 4688255 260104 262233 801876 445490 594678266 306251291 267662349 288426975 81134617 54478882 378819377 450236482 40200462 64434466 2000000 61416110 56089487 982135270 1084323226 71163990 108200989 119720 47049 45385290 79566579 186195000 182305000 53310113 54502248 178380032 120733631 534554145 545355496 X 279875658 355951437 46119973 54300221 121585494 128716072 447581125 538967730 982135270 1084323226 X 49098939 42287666 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 664465 0 0 664465 0 PART IV, SUPPLEMENTAL INFORMATION: THE ORGANIZATION'S OFFICE OF GOVERNMENT RELATIONS WAS ACTIVELY INVOLVED WITH SEVERAL FEDERAL AND STATE ISSUES. THE OFFICE ASSISTED IN DEVELOPING POLITICAL ADVOCACY STRATEGIES REGARDING IMPLEMENTATION OF THE PATIENT PROTECTION AND AFFORDABLE CARE ACT (P.L. 111-148) WHICH INCLUDED REVIEWS OF THE DEPARTMENT OF HEALTH AND HUMAN SERVICES (HHS) GUIDANCE ON ESSENTIAL HEALTH BENEFITS; NOTICE OF PROPOSED RULEMAKING (NPR) ON ACCOUNTABLE CARE ORGANIZATIONS (ACO'S); NPR ON VALUE-BASED PURCHASING; MEDICARE AND MEDICAID DISPROPORTIONATE SHARE HOSPITAL (DSH) PAYMENT CHANGES; PENALTIES FOR HOSPITAL ACQUIRED CONDITIONS AND READMISSION PENALTIES; FUNDING FOR THE INDEPENDENT PAYMENT ADVISORY BOARD (IPAB) AND GEOGRAPHIC VARIATION IN MEDICARE SPENDING AND ACCURACY OF MEDICARE'S GEOGRAPHIC ADJUSTMENTS; ESTABLISHMENT OF THE CENTER FOR MEDICARE AND MEDICAID INNOVATION (CMMI); HEALTH CARE INNOVATION CHALLENGE GRANTS; INDEPENDENCE AT HOME DEMONSTRATION GRANTS; AND BUNDLED PAYMENT MODELS. STAFF WORKED ON THE FY2012 BUDGET; THE FY 2012 MEDICARE INPATIENT PROSPECTIVE PAYMENT SYSTEM NPR; LEGISLATION TO HELP REDUCE AND PREVENT DRUG SHORTAGES; MEDICARE PAYMENT ADVISORY COMMISSION'S DGME AND IME RECOMMENDATIONS; LEGISLATION TO INCREASE RESIDENCY SLOTS; AND MEDICARE PHYSICIAN PAYMENTS (SGR ADJUSTMENTS). STAFF ALSO WORKED ON MANY OF THE FY 2012 APPROPRIATIONS BILLS AND PROPOSED LEGISLATION AND REGULATIONS THAT WERE INTRODUCED, INCLUDING THE DEPARTMENT OF TRANSPORTATION; DEPARTMENT OF COMMERCE; STATE; JUSTICE; DEPARTMENT OF DEFENSE; DEPARTMENT OF HEALTH AND HUMAN SERVICES; AND VETERANS AFFAIRS (VA) RESEARCH AND MEDICAL CARE FUNDING. THE OFFICE ASSISTED WITH THE FOLLOWING (1) FAA REAUTHORIZATION BILL AMENDMENTS FOR AIR AMBULANCES; (2) IRS PROPERTY-TAX EXEMPTIONS FOR NONPROFITS GUIDELINES AND COMMUNITY BENEFITS ANALYSIS; (3) TAX BILL FOR EMPLOYEE PENSIONS, CHARITABLE DONATIONS; (4) NIH APPROPRIATIONS AND FUNDING FOR HEALTH PROFESSIONS AND AHEC (5) CHANGES PROPOSED BY HHS REGARDING CONFLICT OF INTEREST RULES; (6) FALSE CLAIMS ACT AMENDMENTS; AND (7) PATENTS AND INTELLECTUAL PROPERTY ISSUES. AT THE STATE LEVEL, EFFORTS WERE CONCENTRATED ON: THE FY 2011-12 MEDICAID BUDGET INCLUDING MODIFYING FMAP REDUCTIONS; HOSPITAL MEDICAID ASSESSMENT/PAYMENT PROGRAM; MEDICAID PROVIDER REQUIREMENTS REGARDING FRAUD AND ABUSE; TORT REFORM FOR CITIZENS AND BUSINESSES; WORKERS COMPENSATION REFORM; MEDICAL MALPRACTICE; LEGISLATION TO PREVENT THE REPEAL OF AC3 EXEMPTIONS TO THE CERTIFICATE-OF-NEED LAWS, ESTABLISHMENT OF A NC HEALTH CARE EXCHANGE; BUSINESS INCENTIVE TAX LAWS, INCLUDING THE MILL TAX CREDIT FOR THE PIEDMONT TRIAD RESEARCH PARK (PTRP); AND APPROPRIATIONS FOR THE WAKE FOREST INSTITUTE FOR REGENERATIVE MEDICINE (WFIRM). 355828276 6176824 49922940 19477546 0 0 392450494 331914802 5930071 33747985 15764582 0 0 355828276 431674776 6480757 -82590445 23650286 0 0 331914802 0.62370 0.37630 0.00000 0 1 1 56928422 56928422 393795304 206368343 187426961 141713928 97865719 43848209 2240612 2017229 223383 288426975 WFU POOL INVESTMENTS 449589059 F INV IN PARTNERSHIPS 647423 F 450236482 MEDICAL CENTER PLI 64434466 F 64434466 BOND ISSUANCE COSTS 2154154 INVESTMENT IN ANNUITIES & LIFE INSURANCE 3302999 INVESTMENT IN SUBS 11311152 BENEFICIAL INTEREST IN PERPETUAL TRUSTS 21485034 475B INVESTMENTS 17836148 56089487 POST RETIREMENT BENEFITS 20553791 EMPLOYEE RETIREMENT PLAN 17837172 BOND SWAP VALUATION 23444462 OTHER LIABILITIES & DEFERRALS 48008381 ANNUITIES PAYABLE 4547288 AGENCY FUNDS 6342537 120733631 788473229 739374290 49098939 42287666 42287666 91386605 911386844 42287666 76460819 118748485 792638359 -4165130 -4165130 788473229 799992393 54213337 54213337 745779056 -6404766 -6404766 739374290 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE ORGANIZATION'S ENDOWMENT FUNDS ARE TO SUPPORT SCHOLARSHIPS, INSTRUCTION, RESEARCH, LIBRARIES, ACADEMIC SUPPORT, OPERATIONAL AND OTHER GENERAL SUPPORT. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: WAKE FOREST UNIVERSITY HEALTH SCIENCES IS A TAX EXEMPT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("THE CODE") AND IS GENERALLY EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS MADE IN THE CONSOLIDATED FINANCIAL STATEMENTS. UNRELATED BUSINESS INCOME OF WAKE FOREST UNIVERSITY HEALTH SCIENCES IS REPORTED ON FORM 990-T. WAKE FOREST UNIVERSITY HEALTH SCIENCES RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. SCHEDULE D, PART XI, LINE 8 - SUBSIDIARIES FILING SEPARATE 990'S. SCHEDULE D, PART XII, LINE 2D - SUBSIDIARIES FILING SEPARATE 990'S SCHEDULE D, PART XII, LINE 4B - RECLASS OF BOOKSTORE, PROPERTY, AND FUNDRAISING EXPENSES SCHEDULE D, PART XIII, LINE 2D - SUBSIDIARIES FILING SEPARATE 990'S SCHEDULE D, PART XIII, LINE 4B - RECLASS OF BOOKSTORE, PROPERTY AND FUNDRAISING EXPENSES 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 WFUHS PUBLISHES ITS NONDISCRIMINATION POLICY ON THE WAKEHEALTH.EDU WEBSITE, IN ADMISSION BROCHURES, AND OTHER MEDIA MATERIALS. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 WFUHS RECEIVES FEDERAL FINANCIAL AID THROUGH THE U.S. DEPARTMENT OF EDUCATION'S FEDERAL FAMILY EDUCATION LOAN PROGRAM. WFUHS DISTRIBUTED THE FEDERAL LOANS TO APPROXIMATELY 599 STUDENTS IN FISCAL YEAR 2011. 0 0 0 0 0 0 0 0 0 X 0 0 0 0 0 0 X X 1 HARRIS COMMUNICATIONS GROUP HOLDINGS 1511 RT 22 SUITE C25 BREWSTER NY 10509 PHONE/MAIL SOLICITATION 0 333800 912093 333800 GRIZZARD COMMUNICATIONS GROUP INC 229 PEACHTREE ST ATLANTA GA 30303 DONOR ACQUISITION 0 14119 23466 14119 WILDELW ROBBINS 201 SUMMER ST HOLLISTEN MA 01746 DONOR ACQUISITION 0 6541 51672 6541 354460 987231 354460 AK AL AR AZ CA CT DC DE FL GA HI IA ID IL IN KS KY LA MA MD ME MI MN MO MS MT NC ND NE NH NJ NM NV NY OH OK OR PA RI SC SD TN TX UT VA VT WA WI WV WY WINTERLARK 214350 172680 41670 0 0 72014 35255 1100 42229 BCH CHEERS 57880 45520 12360 0 0 2500 1798 0 58476 3 101650 80428 21222 0 0 24103 3958 129545 373880 298628 75252 98617 41011 1100 230250 370978 -295726 1 ARTS COUNCIL WINSTON SALEM FORSYTH COUNTY 305 W FOURTH ST SUITE 1C WINSTONSALEM NC 27101 560526856 501(C)(3) 50000 TO HELP PROVIDE CULTURAL OPPORTUNITIES IN THE COMMUNITY ARTS FOR LIFE PO BOX 5132 WINSTONSALEM NC 27113 562250962 501(C)(3) 36000 TO HELP PROVIDE CULTURAL OPPORTUNITIES IN THE COMMUNITY FORSYTH TECHNICAL COMMUNITY COLLEGE 2100 SILAS CREEK PARKWAY WINSTONSALEM NC 27103 561070364 GOV'T ENTITY 10000 TO SPONSOR LOCAL COMMUNITY COLLEGE FOUNDATION & FOUNDATION FUNDRAISING EVENT; COLLEGE TRAINS STUDENTS IN BIOTECH FIELDS. HOSPICE & PALLIATIVE CARE CENTER 101 HOSPICE LANE WINSTONSALEM NC 27103 581343313 501(C)(3) 50000 SUPPORT NEW FACILITY NEEDED IN COMMUNITY JUVENILE DIABETES RESEARCH FOUNDATION INTERNATIONAL 312 N EUGENE ST STE D GREENSBORO NC 27401 231907729 501(C)(3) 50000 SPONSOR FUNDRAISING EVENT FOR DIABETES RESEARCH & PREVENTION PIEDMONT TRIAD PARTNERSHIP 416 GALLIMORE DAIRY RD SUITE M GREENSBORO NC 27409 561750279 501(C)(3) 67500 SUPPORT FOR REGIONAL ECONOMIC DEVELOPMENT GROUP SCIWORKS 400 WEST HANES MILL RD WINSTONSALEM NC 27105 560815746 501(C)(3) 15000 TO HELP PROVIDE CULTURAL OPPORTUNITIE IN THE COMMUNITY THE ALBERT SCHWEITZER FELLOWSHIP 330 BROOKLINE AVE BOSTON MA 02215 131982786 501(C)(3) 40000 PROGRAM SUPPORT FOR MEDICAL RESEARCHERS WINSTON-SALEM ALLIANCE 100 NORTH MAIN ST WINSTONSALEM NC 27101 311726654 501(C)(6) 25000 SUPPORT FOR LOCAL ECONOMIC DEVELOPMENT 8 1 SCHOLARSHIPS AND FELLOWSHIPS 599 12470101 0 SCHEDULE I, PART 1, LINE 2 WFUHS MONITORS THE ACADEMIC PROGRESS AND OTHER ACHIEVEMENTS OF STUDENTS RECEIVING SCHOLARSHIPS/FELLOWSHIPS FUNDS TO ENSURE THAT ADEQUATE PROGRESS IS MAINTAINED BY THE STUDENT. X X X 1 1 X X X X X X 0 1 0 0 0 0 0 0 0 NATHAN O HATCH PHD 0 624297 0 50000 0 668076 0 55078 0 61048 0 1458499 0 0 JOHN D MCCONNELL MD 878909 0 500000 0 496703 0 606145 0 18052 0 2499809 0 0 0 WILLIAM B APPLEGATE MD 518231 0 99900 0 25307 0 76394 0 23709 0 743541 0 0 0 DOUGLAS L EDGETON 484360 0 111700 0 17709 0 18602 0 22677 0 655048 0 0 0 J REID MORGAN 0 303894 0 50000 0 11335 0 24500 0 24526 0 414255 0 0 ANITA M CONRAD 0 144833 0 2500 0 188 0 15074 0 14132 0 176727 0 0 EDWARD G CHADWICK 503663 0 200000 0 27142 0 219578 0 24204 0 974587 0 0 0 TERRY L HALES JR 347002 0 83000 0 11095 0 38602 0 20934 0 500633 0 0 0 THOMAS E SIBERT MD 545517 0 166027 0 28934 0 231282 0 23373 0 995133 0 0 0 RUSSELL M HOWERTON MD 136091 0 427701 0 16914 0 26009 0 25099 0 631814 0 0 0 LISA M WYATT 265711 0 38300 0 30073 0 21246 0 9383 0 364713 0 0 0 CHERYL E H LOCKE 340146 0 83700 0 286690 0 18848 0 15268 0 744652 0 0 0 SHEILA M SANDERS 313768 0 55100 0 12687 0 27014 0 18216 0 426785 0 0 0 NORMAN D POTTER JR 192124 0 27500 0 2634 0 16752 0 21019 0 260029 0 0 0 KAREN H HUEY 185780 0 40206 0 3445 0 43498 0 16115 0 289044 0 0 0 JOANNE C RUHLAND 152682 0 40500 0 17760 0 17507 0 18049 0 246498 0 0 0 NEAL KON MD 200657 0 828314 0 18220 0 18786 0 23154 0 1089131 0 0 0 ROSS UNGERLEIDER MD 398426 0 596635 0 11913 0 151312 0 11646 0 1169932 0 0 0 EDWARD KINCAID MD 128162 0 645540 0 16680 0 25122 0 20529 0 836033 0 0 0 MALCOLM MARKS MD 216971 0 516239 0 2640 0 18602 0 23340 0 777792 0 0 0 CHARLES BRANCH JR MD 217109 0 491911 0 1720 0 18602 0 23202 0 752544 0 0 0 LAWRENCE D HOPKINS MD 163860 0 0 0 0 0 34661 0 0 0 198521 0 0 0 RAYMOND C ROY MD 178102 0 84749 0 2286 0 19765 0 18797 0 303699 0 0 0 SUPPLEMENTAL INFORMATION PART III SCHEDULE J, PART III DURING THE TAX PERIOD, THE FILING ORGANIZATION, NORTH CAROLINA BAPTIST HOSPITAL ("NCBH") (AND WAKE FOREST UNIVERSITY ("WFU")) WERE OPERATING UNDER AN AGREEMENT THAT PROVIDED FOR THE OPERATION OF THE FILING ORGANIZATION AND WFUBMC. NCBH, WFUBMC, AND THE FILING ORGANIZATION ARE ENTITIES WHICH TOGETHER HAVE COMBINED OPERATING REVENUES FOR THE TAX PERIOD OF $1.9 BILLION. IN GENERAL, EXECUTIVES PERFORMING KEY MANAGEMENT FUNCTIONS WERE SOUGHT AND HIRED AFTER NATIONAL SEARCHES IN A HIGHLY COMPETITIVE ENVIRONMENT, AND ONLY INDIVIDUALS AT THE HIGHEST LEVELS OF ABILITY WERE SOUGHT, GIVEN THE TASK OF INITIATING AND IMPLEMENTING THE NEW MANAGEMENT STRUCTURE DESIGNED TO OPTIMIZE THE EFFECTIVENESS OF BOTH ORGANIZATIONS (NCBH AND WFUHS) IN THEIR TAX-EXEMPT MISSIONS, AS PARTICIPANTS IN A FULLY-INTEGRATED ACADEMIC MEDICAL CENTER. CERTAIN EXECUTIVES OF THE FILING ORGANIZATION (WHO EACH HOLD THE IDENTICAL OFFICES/TITLES IN NCBH, WFUBMC AND THE FILING ORGANIZATION) ARE ELIGIBLE TO RECEIVE INCENTIVE COMPENSATION AT THE END OF EACH FISCAL YEAR. THE INCENTIVE STRUCTURE IS BASED UPON GOALS ESTABLISHED BY THE EXECUTIVE COMMITTEE OF THE FILING ORGANIZATION'S BOARD AT THE BEGINNING OF THE YEAR, INCLUDING MEASURES OF CLINICAL QUALITY, PATIENT SATISFACTION, AND FINANCIAL OPERATING PERFORMANCE. THE DETERMINATION OF THE AMOUNT OF INCENTIVE COMPENSATION IS SUBJECT TO THE FILING ORGANIZATION'S COMPENSATION PROCEDURES AS OUTLINED IN PART VI, SECTION B, LINE 15 OF THE 990. SUPPLEMENTAL INFORMATION PART III SCHEDULE J. PART I. LINE 1A - CERTAIN EXECUTIVES RECEIVE, AS PART OF THEIR APPROVED COMPENSATION PACKAGE, TAX INDEMNIFICATION AND GROSS-UP PAYMENTS, RELOCATION ASSISTANCE INCLUDING A HOUSING ALLOWANCE AND HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES. SUPPLEMENTAL INFORMATION PART III SCHEDULE J. PART I, LINE 3 - THE EXECUTIVE COMMITTEE OF THE WAKE FOREST UNIVERSITY BAPTIST MEDICAL CENTER ("WFUBMC") BOARD OF DIRECTORS IS RESPONSIBLE FOR REVIEWING AND APPROVING ALL OFFICER COMPENSATION. THE COMMITTEE UTILIZED INDEPENDENT COMPENSATION CONSULTANTS, COMPENSATION SURVEYS, AND STUDIES TO DETERMINE THE APPROPRIATENESS OF EACH OFFICER'S COMPENSATION. AN EXTERNAL COMPENSATION CONSULTANT EXPERIENCED IN HEALTH CARE AND HIGHER EDUCATION COMPENSATION PRESENTS TOTAL COMPENSATION COMPARABILITY DATA FOR THE POSITIONS FOR WHICH CONPENSATION IS BEING DETERMINED. THE DATA IS REVIEWED BY THE EXECUTIVE COMMITTEE OF WFUBMC'S GOVERNING BOARD AT ITS MEETING; NONE OF THE MEMBERS OF THAT COMMITTEE ARE EMPLOYEES OF THE FILING ORGANIZATION. MINUTES OF THE DELIBERATIONS OF THE COMMITTEE ARE CONTEMPORANEOUSLY RECORDED. IN THE EVENT THAT ANY MEMBER OF THE EXECUTIVE COMMITTEE HAS A CONFLICT OF INTEREST, THAT COMMITTEE MEMBER DOES NOT PARTICIPATE IN THE DELIBERATION OR APPROVAL PROCESS, AND THEIR ABSTENTION FROM THE PROCESS IS REFLECTED IN THE MINUTES. SUPPLEMENTAL INFORMATION PART III SCHEDULE J. PART I, LINE 4 - CERTAIN EXECUTIVES PARTICIPATE IN OR RECEIVE PAYMENTS FROM SUPPLEMENTAL NON QUALIFIED RETIREMENT PLANS. THE DETERMINATION OF THE AMOUNT OF THE NON QUALIFIED RETIREMENT PLANS FOLLOWED THE FILING ORGANIZATION'S COMPENSATION PROCEDURES AS OUTLINED IN PART VI, SECTION B, LINE 15 OF THE 990. NORTH CAROLINA MEDICAL CARE COMMISSION 521309402 65821DB00 2008-10-16 188640000 REFINANCING OF 2002 SERIES BOND ISSUE 0 0 0 188640000 1738793 668624 2008 1 0 1 1 0 1 1 BANK OF AMERICA NA 27.300000000000 0 0 0 0 1 BRANCH BANKING AND TRUST COMPANY DIRECTOR OF ORG, ROBERT E. GREENE, IS AN OFFICER OF INTERESTED PERSON 1300566 TOTAL PAID BY ORGANIZATION TO INTERESTED PERSON FOR LOAN INTEREST 0 BLUE CROSS AND BLUE SHIELD OF NC DIRECTOR OF THE ORG, JAMES T. WILLIAMS, JR., IS ALSO A DIR OF INT PERS 65497908 TOTAL PAID BY INTERESTED PERSON TO ORGANIZATION FOR MEDICAL CLAIMS FOR SERVICES RENDERED TO PATIENTS OF ORGANIZATION HAVING BENEFITS UNDER PLANS OFFERED BY INTERESTED PERSON 0 BRANCH BANKING AND TRUST COMPANY DIRECTOR OF ORG, STEPHEN T. WILLIAMS, IS ALSO A DIR OF INTERESTED PERSON 1300566 TOTAL PAID BY ORGANIZATION TO INTERESTED PERSON FOR LOAN INTEREST 0 MEDCOST LLC OFFICER OF ORG, EDWARD CHADWICK, IS ALSO BOARD MEMBER OF INTERESTED PERSON 2247029 TOTAL PAID BY ORGANIZATION TO INTERESTED PERSON FOR ADMINISTRATION OF HEALTH AND DENTAL CLAIMS 0 FRANK L BLUM CONSTRUCTION COMPANY DIRECTOR OF ORG, J. ANDREWS HANCOCK, III, IS AN OFFICER OF INTERESTED PERSO 9548091 TOTAL PAID BY ORGANIZATION TO INTERESTED PERSON FOR SERVICES PERFORMED. 0 X 50 3891690 AVG PRICE DATE OF GIFT X MEDICAL EQUIPMENT 8 763648 VALUED AT COST 0 0 1 0 METHOD FOR DETERMINING NUMBER OF CONTRIBUTORS: PART I, COLUMN (B): WFUHS DETERMINES THE NUMBER OF CONTRIBUTIONS BY USING THE TOTAL NUMBER OF NON-CASH ITEMS RECEIVED PER DONOR PER OCCURANCE. SCHEDULE M, PART I, LINES 25-28 - WFUHS DETERMINES THE VALUE OF DONATED NON-CASH ITEMS BY THE SELLING PRICE, COST VALUE OR OPINIONS OF EXPERTS FOR ITEMS UNDER $5,000 AND APPRAISAL FOR THE ITEMS OVER $5,000 FORM 990, PART VI, SECTION A, LINE 2 MR. ROBERT E. GREENE, A DIRECTOR OF THE ORGANIZATION, SERVES AS AN OFFICER OF BB&T CORPORATION. MR. STEPHEN T. WILLIAMS, A DIRECTOR OF THE ORGANIZATION, SERVES AS A DIRECTOR OF BB&T CORPORATION. BB&T CORPORATION HAD A TRANSACTION WITH THE FILING ORGANIZATION AS REPORTED ON SCHEDULE L. FORM 990, PART VI, SECTION A, LINE 3 HIGHLIGHTS OF REVISED GOVERNANCE DOCUMENTS OF WAKE FOREST UNIVERSITY HEALTH SCIENCES EFFECTIVE JULY 1, 2010, THE GOVERNING BOARDS OF FOUR NORTH CAROLINA NONPROFIT CORPORATIONS (WAKE FOREST UNIVERSITY, NORTH CAROLINA BAPTIST HOSPITAL, WAKE FOREST UNIVERSITY HEALTH SCIENCES, AND WAKE FOREST UNIVERSITY BAPTIST MEDICAL CENTER) ENTERED INTO AN AGREEMENT (THE MEDICAL CENTER INTEGRATION AGREEMENT" OR "MCIA") UNDER WHICH THE OPERATION OF EACH OF NORTH CAROLINA BAPTIST HOSPITAL ("NCBH") AND WAKE FOREST UNIVERSITY HEALTH SCIENCES ("WFUHS") WAS DELEGATED TO WAKE FOREST UNIVERSITY BAPTIST MEDICAL CENTER ("WFUBMC"). WFUHS IS A WHOLLY-CONTROLLED SUBSIDIARY ENTITY OF WAKE FOREST UNIVERSITY ("WFU"). WFUBMC IS NOW A MEMBERSHIP NONPROFIT CORPORATION WHOSE TWO EQUAL MEMBERS ARE NCBH (WHICH ENTITY IS UNRELATED TO WFU) AND WFU. THIS CONSOLIDATION OF MANAGEMENT IN WFUBMC OF THE VARIOUS ACADEMIC MEDICAL CENTER OPERATIONS, SUBJECT TO SUBSTANTIAL RESERVED POWERS IN EACH OF THE CONSTITUENT MEMBERS' (OR IN WFUHS') BOARDS, MANDATED CHANGES IN THE GOVERNANCE DOCUMENTS OF EACH ORGANIZATION. BELOW IS A SUMMARY OF THE SIGNIFICANT CHANGES TO THE GOVERNANCE DOCUMENTS OF WAKE FOREST UNIVERSITY HEALTH SCIENCES ADOPTED SINCE THE FILING OF THE PRIOR YEAR'S FORM 990: ARTICLES OF INCORPORATION ADDS AS A PURPOSE THAT WFUHS WILL CONDUCT ITS OPERATIONS AS A PART OF THE INTEGRATED HEALTH SYSTEM OF WAKE FOREST UNIVERSITY BAPTIST MEDICAL CENTER. AS REQUIRED BY THE STATE NONPROFIT CORPORATION ACT, INCLUDES PROVISION ON THE DELEGATION TO WFUBMC OF CERTAIN POWERS TO OPERATE WFUHS; IT IS ALSO NOTED THAT POWERS NOT SO DELEGATED ARE RETAINED BY THE WFUHS BOARD OR BY WFU. SPECIFIES THAT DIRECTORS ARE ELECTED BY WFU OR SERVE EX OFFICIO - THE LATTER BEING A REFERENCE TO TWO OF THE "HS DIRECTORS" (THE WFU PRESIDENT AND THE MEDICAL CENTER CEO) WHO HOLD THEIR SEATS ON THE WFUHS BOARD BY VIRTUE OF THOSE POSITIONS. BYLAWS NEW SECTION 4, "RELATIONSHIP WITH WAKE FOREST UNIVERSITY BAPTIST MEDICAL CENTER": STATES THAT WFU AND NCBH ARE THE TWO MEMBERS, EQUAL IN ALL RESPECTS, OF THE MEDICAL CENTER CORPORATION, AND EACH ELECT ONE-HALF OF ITS VOTING BOARD MEMBERS. REFERENCES AND CHARACTERIZES THE MCIA, AND STATES THAT ALL OPERATIONS OF WFUHS AND OF NCBH (INCLUDING ALL SUBSIDIARIES OF BOTH) ARE UNDER THE AUTHORITY OF THE MEDICAL CENTER. THE BYLAWS COMMITTEES RECOMMENDED THE INSERTION HERE OF THE LAST STATEMENT (IN SECTION 4.2) INDICATING THAT, WHILE THE INTENT THAT THE WFUHS BYLAWS BE IN NO WAY INCONSISTENT WITH THE MCIA IS EXPRESSED, IT ALSO DOES NOT IMPLY ANY RESTRICTION OR LIMITATION OF AUTHORITY OR POWER HELD BY EITHER WFU OR WFUHS UNDER THE MCIA. THE DELEGATION TO THE MEDICAL CENTER OF CERTAIN POWERS TO OPERATE WFUHS IS STATED, AND THAT ALL CORPORATE POWERS NOT SO DELEGATED ARE RETAINED BY THE WFUHS BOARD OR BY WFU. THE ELECTION OF DIRECTORS SECTION (5.2) CLARIFIES THAT TWO DIRECTORS ARE SELECTED NOT BY THE WFU BOARD BUT EX OFFICIO - THE WFU PRESIDENT AND THE MEDICAL CENTER CEO. THAT THOSE TWO PERSONS ARE NOT SUBJECT TO REMOVAL BY WFU WITH OR WITHOUT CAUSE AT ANY TIME IS ALSO NOTED (SECTION 5.4). SECTION 6.1 "OFFICERS" ALSO HAS SUBSTANTIAL REVISION. THE ROLE OF "THE PRESIDENT OF WAKE FOREST UNIVERSITY" IN WFUHS, AS ALTERED BY THE MCIA, IS IN 6.1.1. THE MCIA'S PROVISIONS ON MEDICAL CENTER LEADERSHIP NOW CONTROL, AND SO THE PRIOR LANGUAGE REGARDING THE WFU PRESIDENT'S RIGHT TO APPOINT THE WFUHS CHIEF EXECUTIVE HAS BEEN DELETED, BUT THE RESPONSIBILITY OF THE WFU PRESIDENT TO ENSURE THAT WFUHS "CONTINUES TO BE AN INTEGRAL PART OF THE WAKE FOREST UNIVERSITY SYSTEM", REMAINS. THE FORMER SECTION REGARDING THE WFUHS PRESIDENT IS REPLACED WITH A NEW SECTION (6.1.2) ON THE WFUHS CEO. THE MEDICAL CENTER CEO HOLDS THIS OFFICE IN WFUHS (AND IN NCBH) AS WELL, BUT ALSO SERVES AS CHIEF ACADEMIC OFFICER OF THE MEDICAL CENTER AND IN THAT ROLE, WITH THE WFU PRESIDENT'S CONCURRENCE, APPOINTS THE DEAN OF THE MEDICAL SCHOOL. THE CEO'S REPORTING RELATIONSHIP TO THE WFU PRESIDENT WITH RESPECT TO THE ACADEMIC MISSION, AS EXECUTIVE VP FOR HEALTH AFFAIRS, A WFU CORPORATE OFFICE, IS ALSO NOTED (IN ADDITION TO THE MEDICAL CENTER CEO'S REPORTING RELATIONSHIP TO THE WFUBMC BOARD). (6.1.2.1) A NEW SECTION 6.1.2.2 IS ADDED GRANTING THE CEO AUTHORITY TO ACT FOR WFUHS AND ITS BOARD ON MATTERS RELATING TO WFUHS SUBSIDIARY CORPORATIONS, IN ACCORDANCE WITH BUDGETARY AUTHORITY AND UNLESS OTHERWISE LIMITED BY THE BOARD. THIS IS TO ENABLE OPERATIONAL EFFICIENCY WITH ROUTINE SUBSIDIARY MATTERS. A PROVISION NOTING THAT THE MEDICAL CENTER CEO'S TERMINATION WILL RESULT IN HIS OR HER AUTOMATIC CONCURRENT TERMINATION FROM ALL OFFICES AND POSITIONS IN ALL WFUHS-CONTROLLED AFFILIATES, IS ADDED AT SECTION 6.1.2.3. THE SECTION ON OTHER CORPORATE OFFICERS (6.1.6) ADOPTS THE MCIA'S LANGUAGE THAT IN GENERAL, THE CORPORATE OFFICERS OF WFUBMC WILL SERVE AS THE CORPORATE OFFICERS OF WFUHS. A SEPARATE SECTION ON THE WFUHS PRESIDENT WAS NOT RETAINED, AS THAT OFFICE DID NOT CONTINUE AFTER JUNE 30, 2011, AND AS THE WFUHS CHIEF EXECUTIVE DUTIES HAVE BEEN ASSUMED BY THE CEO. SECTION 7 OF THE BYLAWS, "BUSINESS OF THE CORPORATION", AGAIN IMPORTS HEAVILY THE LANGUAGE OF THE MCIA CONCERNING VARIOUS OPERATIONS. UNDER "EMPLOYEES" (7.1), IT IS CLARIFIED THAT NON-FACULTY EMPLOYEES MAY BE EMPLOYED BY THE MEDICAL CENTER ENTITY (WFUHS OR NCBH) THAT THE MEDICAL CENTER DEEMS MOST APPROPRIATE, WHILE FOR FACULTY EMPLOYEES, WFU RETAINS AUTHORITY OVER ANY MEDICAL CENTER DECISION TO CHANGE THE LOCUS OF A FACULTY MEMBER'S EMPLOYMENT. SECTION 7.2 ON FINANCE INCLUDES IN ITS PROVISIONS NEW LANGUAGE ON FUNDS, BUDGETS, DEBT, FINANCIAL REPORTING, AND PROPERTY INCORPORATING MANY SPECIFIC PROVISIONS AND RESERVED POWERS FROM THE MCIA, ALL OF WHICH EMPHASIZE THE MCIA'S FOCUS ON A "SINGLE BOTTOM LINE" FOR THE MEDICAL CENTER, WHILE RECOGNIZING THE SEPARATE ASSETS OF THE NCBH AND WFUHS SEPARATE CORPORATE ENTITIES, AND WFU'S CONTINUING INTEREST IN CONSOLIDATION OF ITS FINANCIAL STATEMENTS WITH THOSE OF WFUHS. FURTHER RESERVED POWERS (RESERVED TO THE WFUHS PARENT, WFU) APPLICABLE TO ACADEMIC AND ADMISSION POLICIES; ACADEMIC STANDARDS AND CURRICULUM; AFFILIATIONS; AND FACULTY APPOINTMENT, PROMOTION, AND TENURE, ARE INCLUDED IN SECTION 8 OF THE BYLAWS. THE WFU BOARD'S REVIEW OF THE OPERATIONS OF WFUHS IS, IN SECTION 9, EXPANDED TO INCLUDE REVIEW OF THE OPERATIONS OF THE MEDICAL CENTER. SECTION 10, "LIMITATIONS", INCLUDES RESERVED POWERS AS TO ANY PROPOSED CHANGE TO THE WFUBMC NAME, THE PUBLIC USE OF THE NAME, OR TO THE NAMES OF WFU, WFU SCHOOL OF MEDICINE, OR WFUHS. (10.1) FORM 990, PART VI, SECTION A, LINE 4 SEE PART VI, SECTION A, LINE 3 FORM 990, PART VI, SECTION A, LINE 6 WAKE FOREST UNIVERSITY IS THE SOLE MEMBER OF WAKE FOREST UNIVERSITY HEALTH SCIENCES. FORM 990, PART VI, SECTION A, LINE 7A THE DIRECTORS OF WAKE FOREST UNIVERSITY HEALTH SCIENCES ARE ELECTED BY THE BOARD OF TRUSTEES OF ITS SOLE MEMBER, WAKE FOREST UNIVERSITY. FORM 990, PART VI, SECTION A, LINE 7B DECISIONS OF THE ORGANIZATION'S GOVERNING BODY WHICH REQUIRE APPROVAL BY THE ORGANIZATION'S SOLE MEMBER, WAKE FOREST UNIVERSITY, INCLUDE AMENDMENTS TO CERTAIN FUNDAMENTAL DOCUMENTS (ARTICLES OF INCORPORATION AND BYLAWS); THE CONVEYANCE OR ENCUMBRANCE OF THE ORGANIZATION'S REAL ESTATE; ACADEMIC APPOINTMENT OF FACULTY, GRANT OF TENURE AND DISMISSAL; AND DISSOLUTION. FORM 990, PART VI, SECTION B, LINE 11 THE FILING ORGANIZATION'S BOARD OF DIRECTORS RECEIVES COPIES OF THE FORM 990 WITH SUFFICIENT TIME TO PERMIT REVIEW, COMMENT, AND QUESTIONS PRIOR TO ITS FILING. THE AUDIT AND COMPLIANCE COMMITTEES OF THE GOVERNING BOARD OF THE FILING ORGANIZATION REVIEWS IN ADDITIONAL DETAIL THE FILING ORGANIZATION'S FORM 990 WITH THE ORGANIZATION'S CHIEF FINANCIAL OFFICER OR HIS DESIGNEE, WHO ANSWERS QUESTIONS AND ADDRESSES CONCERNS RAISED BY SUCH COMMITTEE MEMBERS OR OTHER FILING ORGANIZATION DIRECTORS. IF MODIFICATIONS ARE REQUIRED FOLLOWING SUCH REVIEW AND COMMENT, THE REVISED FORM 990 IS REDISTRIBUTED TO ALL DIRECTORS PRIOR TO ITS FILING WITH THE IRS, ALONG WITH A REPORT NOTING THE MODIFICATIONS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRES OFFICERS AND KEY EMPLOYEES TO ANNUALLY REVIEW THE CONFLICT OF INTEREST POLICY AND DETERMINE ANY POTENTIAL CONFLICTS OF INTEREST. ANY POTENTIAL CONFLICTS NOTED IN THE QUESTIONNAIRE ARE REVIEWED BY A STANDING COMMITTEE FOR APPROPRIATE RESOLUTION. ALL MEMBERS OF THE BOARD OF DIRECTORS ARE REQUIRED TO DETERMINE AND REPORT ANNUALLY, AND AS THEY ARISE, ANY POTENTIAL CONFLICTS OF INTEREST TO THE SECRETARY OF THE BOARD OF DIRECTORS. THE RESOLUTION OF POTENTIAL AND ACTUAL CONFLICTS IS SUBJECT TO THE APPROVAL OF THE CHAIR OF THE BOARD AND IS REPORTED TO THE CHAIR OF THE AUDIT & COMPLIANCE COMMITTEE OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15 THE FILING ORGANIZATION'S EXECUTIVE COMMITTEE OF ITS BOARD OF DIRECTORS FUNCTIONS AS THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS AND PURSUANT TO A DELEGATION BY SUCH OTHER ENTITIES, REVIEWS AND APPROVES THE APPOINTMENT AND COMPENSATION OF THE SENIOR EXECUTIVES OF THE FILING ORGANIZATION. NO MEMBER OF THE FILING ORGANIZATION'S EXECUTIVE COMMITTEE IS AN EMPLOYEE OF THE MEDICAL CENTER. THE EXECUTIVE COMMITTEE RELIES UPON AN EXTERNAL, INDEPENDENT COMPENSATION CONSULTANT EXPERIENCED IN HEALTHCARE TO PROVIDE THE COMMITTEE WITH COMPENSATION COMPARABILITY DATA FOR NEW EXECUTIVE POSITION APPOINTMENTS AND FOR COMPENSATION REVIEWS FOR EXISTING EXECUTIVES. THE CONSULTANT, WHICH IS RETAINED DIRECTLY BY THE EXECUTIVE COMMITTEE, PROVIDES THIRD-PARTY INFORMATION AND EVALUATES THE COMPETITIVENESS AND REASONABLENESS OF EXECUTIVE COMPENSATION AND BENEFITS PROGRAMS IN RELATION TO MARKET PRACTICES FOR SIMILARLY-SITUATED NONPROFIT HEALTHCARE ORGANIZATIONS. THE COMMITTEE MAKES ITS DECISIONS WITH RESPECT TO EXECUTIVE COMPENSATION IN ACCORDANCE WITH THE FILING ORGANIZATION'S POLICIES, IRS REGULATIONS, AND STANDARD CORPORATE GOVERNANCE PRACTICES. SUCH POLICIES INCLUDE ADHERENCE TO: BOARD-ESTABLISHED EXECUTIVE COMPENSATION PHILOSOPHY AND REVIEW PROCESSES; PROCESSES ENSURING EXECUTIVE COMMITTEE MEMBER AND COMPENSATION CONSULTANT INDEPENDENCE; USE OF VALID MARKET COMPARISONS OF DATA FROM PEER ACADEMIC MEDICAL CENTERS OF SIMILAR ORGANIZATIONAL STRUCTURE, SIZE, AND COMPLEXITY; CAREFUL DOCUMENTATION OF ALL COMPENSATION DECISIONS; AND ESTABLISHMENT OF THE REBUTTABLE PRESUMPTION OF REASONABLENESS, PER IRS GUIDELINES. MINUTES OF THE DELIBERATIONS OF THE EXECUTIVE COMMITTEE ARE CONTEMPORANEOUSLY MAINTAINED AND THAT COMPARABILITY DATA IS MAINTAINED IN THE MEDICAL CENTER'S OFFICE OF EXECUTIVE COMPENSATION SERVICES. IN THE EVENT THAT A MEMBER OF THE EXECUTIVE COMMITTEE HAS A CONFLICT OF INTEREST RELATED TO EXECUTIVE APPOINTMENT OR COMPENSATION, THAT MEMBER DOES NOT PARTICIPATE IN THE DELIBERATION OR APPROVAL OF APPOINTMENT OR COMPENSATION AND SUCH ABSTENTION IS NOTED IN THE COMMITTEE'S MEETING MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S ARTICLES OF INCORPORATION ARE AVAILABLE TO THE PUBLIC ON REQUEST AND ARE AVAILABLE ON THE WEBSITE OF THE NORTH CAROLINA SECRETARY OF STATE. THE ORGANIZATION'S BYLAWS ARE NOT PUBLISHED, BUT PROVISIONS FROM THE BYLAWS ARE INCLUDED AS NECESSARY IN THE ORGANIZATION'S POLICIES, AND ARE ATTACHED TO THE FORM 1023 FILED FOR THE ORGANIZATION WITH THE IRS, WHICH IS PUBLICLY AVAILABLE. FORM 990, PART VII, SECTION A: THE FOLLOWING PERSONS WERE COMPENSATED DIRECTLY BY WAKE FOREST UNIVERSITY HEALTH SCIENCES, THE FILING ORGANIZATION, WAKE FOREST UNIVERSITY, A RELATED (SUPPORTED) ORGANIZATION OF THE FILING ORGANIZATION, OTHER ORGANIZATIONS RELATED TO WAKE FOREST UNIVERSITY, OR NORTH CAROLINA BAPTIST HOSPITAL, AN UNRELATED ORGANIZATION, FOR SERVICES PERFORMED FOR THE FILING ORGANIZATION. EACH PERSON'S POSITION IN EACH ORGANIZATION, AND THE AVERAGE HOURS PER WEEK THAT THEY DEVOTE TO EACH ENTITY, ARE SHOWN BELOW. NATHAN O. HATCH, PH.D. OFFICER, DIRECTOR, FILING ORGANIZATION _3_ HOURS PER WEEK PRESIDENT, WAKE FOREST UNIVERSITY _25_ HOURS PER WEEK PRESIDENT, WFU FOUNDATION _.2 _ HOURS PER WEEK PRESIDENT, WFU DEVELOPMENT FOUNDATION _.3 _ HOURS PER WEEK OFFICER, REYNOLDA HOUSE, INC. _.5 _ HOURS PER WEEK DIRECTOR, WAKE FOREST UNIV BAPTIST MEDICAL CENTER _8_ HOURS PER WEEK DIRECTOR/BOARD CHAIR, PIEDMONT TRIAD RESEARCH PARK _2_ HOURS PER WEEK DIRECTOR, PTRP DEVELOPMENT CORPORATION _1_ HOUR PER WEEK J. REID MORGAN SECR AND GENERAL COUNSEL, FILING ORGANIZATION _5_ HOURS PER WEEK SECR AND GENERAL COUNSEL, WAKE FOREST UNIVERSITY _20_ HOURS PER WEEK SECRETARY, WFU FOUNDATION _.2 _ HOURS PER WEEK SECRETARY, WFU DEVELOPMENT FOUNDATION _.3 _ HOURS PER WEEK ASSISTANT SECRETARY, WFU BAPTIST MEDICAL CENTER _6_ HOURS PER WEEK DIRECTOR, SECRETARY, PIEDMONT TRIAD RESEARCH PARK _7_ HOURS PER WEEK DIRECTOR, SECRETARY, PTRP DEVELOPMENT CORPORATION _.6 _ HOURS PER WEEK SECRETARY, IDEALLIANCE _.2_ HOURS PER WEEK SECRETARY, IDEALLIANCE FOUNDATION _.2 _ HOURS PER WEEK SECRETARY, DIALYSIS CENTERS (GROUP RETURN) _.5_ HOURS PER WEEK ANITA M. CONRAD ASSISTANT SECRETARY, FILING ORGANIZATION _8_ HOURS PER WEEK ASSISTANT SECRETARY, WAKE FOREST UNIVERSITY _20_ HOURS PER WEEK ASSISTANT SECRETARY, WFU FOUNDATION _1_ HOUR PER WEEK ASSISTANT SECRETARY, WFU DEVELOPMENT FOUNDATION _1_ HOUR PER WEEK ASSISTANT SECRETARY, PIEDMONT TRIAD RESEARCH PARK _8_ HOURS PER WEEK ASSISTANT SECRETARY, PTRP DEVELOPMENT CORPORATION _2_ HOURS PER WEEK WILLIAM B. APPLEGATE, M.D. PRESIDENT, FILING ORGANIZATION _30_ HOURS PER WEEK OFFICER, PIEDMONT TRIAD RESEARCH PARK _3_ HOURS PER WEEK DIRECTOR AND OFFICER, PTRP DEVELOPMENT CORPORATION _1_ HOUR PER WEEK OFFICER, IDEALLIANCE _.2_ HOURS PER WEEK OFFICER, IDEALLIANCE FOUNDATION _.2 _ HOURS PER WEEK TRUSTEE, THE MEDICAL FOUNDATION _.1 _ HOURS PER WEEK PRES, DIALYSIS ACCESS GP OF WAKE FOREST UNIV, LLC _1_ HOURS PER WEEK DIRECTOR/CHAIR, PRES, DIALYSIS CTRS (GP RETURN) _4.5_ HOURS PER WEEK DOUGLAS L. EDGETON EXECUTIVE VICE PRESIDENT, FILING ORGANIZATION _15_ HOURS PER WEEK DIRECTOR, PRESIDENT, PTRP _10_ HOURS PER WEEK DIRECTOR, PRESIDENT, PTRP DEVELOPMENT CORPORATION _5_ HOURS PER WEEK DIRECTOR, PRESIDENT, IDEALLIANCE _.2 _ HOURS PER WEEK DIRECTOR, PRESIDENT, IDEALLIANCE FOUNDATION _.2_ HOURS PER WEEK TRUSTEE, SECRETARY, TREASURER, THE MEDICAL FDTN _.1_ HOURS PER WEEK VICE PRESIDENT/TREASURER, DIALYSIS ACCESS GP OF WAKE FOREST UNIV, LLC _1_ HOUR PER WEEK DIRECTOR, VP/TREASURER, DIALYSIS CTRS (GP RET) _3.5_ HOURS PER WEEK EXECUTIVE VICE PRESIDENT, WFU BAPTIST MEDICAL CTR _5_ HOURS PER WEEK EXECUTIVE VICE PRESIDENT, NCBH _1_ HOUR PER WEEK TERRY L. HALES, JR. ASSISTANT TREASURER, FILING ORGANIZATION _24.6_ HOURS PER WEEK VICE PRESIDENT, TREAS, PIEDMONT TRIAD RESEARCH PK _4__ HOURS PER WEEK TREASURER, PTRP DEVELOPMENT CORPORATION _2 _ HOURS PER WEEK DIRECTOR, TREASURER, IDEALLIANCE _.2_ HOURS PER WEEK DIRECTOR, TREASURER, IDEALLIANCE FOUNDATION _.2_ HOURS PER WEEK ASSIST TREASURER, DIALYSIS ACCESS GP OF WAKE FOREST UNIV, LLC _1_ HOUR PER WEEK DIRECTOR/ASSIST TREAS, DIALYSIS CTRS (GROUP RETURN) _2_ HOURS PER WEEK DIRECTOR, DAVIDSON HEALTHCARE INC. _3_ HOURS PER WEEK DIRECTOR, LEXINGTON MEMORIAL HOSPITAL _3_ HOURS PER WEEK JOHN D. MCCONNELL, M.D. DIRECTOR, CEO, FILING ORGANIZATION _11_ HOURS PER WEEK CEO, WFU BAPTIST MEDICAL CENTER _5_ HOURS PER WEEK DIRECTOR/CEO, NC BAPTIST HOSPITAL _16 _ HOURS PER WEEK DIRECTOR, PIEDMONT TRIAD RESEARCH PARK _1_ HOUR PER WEEK DIRECTOR, PTRP DEVELOPMENT CORPORATION _1_ HOUR PER WEEK DIRECTOR, IDEALLIANCE _.2 _ HOURS PER WEEK DIRECTOR, IDEALLIANCE FOUNDATION _.2_ HOURS PER WEEK DIRECTOR/CHAIR, PRES, DIALYSIS CTRS (GP RETURN) _.5_ HOURS PER WEEK PRESIDENT, DIALYSIS ACCESS GP OF WAKE FOREST UNIV, LLC _.5 _ HOURS PER WEEK EDWARD G. CHADWICK TREASURER, CFO, FILING ORGANIZATION _14_ HOURS PER WEEK TREASURER, WFU BAPTIST MEDICAL CENTER _5_ HOURS PER WEEK TREASURER, NC BAPTIST HOSPITAL _21_ HOURS PER WEEK RUSSELL M. HOWERTON, M.D. CHIEF MEDICAL OFFICER, WFU BAPTIST HEALTH SYSTEM, FILING ORGANIZATION _15_ HOURS PER WEEK CHIEF MEDICAL OFFICER, WFU BAPTIST HEALTH SYSTEM, NORTH CAROLINA BAPTIST HOSPITAL _20_ HOURS PER WEEK CHIEF MEDICAL OFFICER, WFU BAPTIST HEALTH SYSTEM, BAPTIST MEDICAL CENTER _5_ HOURS PER WEEK MEMBER, DAVIE COUNTY EMERGENCY HEALTH CORPORATION _1_ HOUR PER WEEK KAREN H. HUEY VP, FACILITIES, FILING ORGANIZATION _9_ HOURS PER WEEK VP, FACILITIES, WFU BAPTIST MEDICAL CENTER _ 5_ HOURS PER WEEK VP, FACILITIES, NC BAPTIST HOSPITAL __26_ HOURS PER WEEK CHERYL E. H. LOCKE VP CHIEF HUMAN RESOURCES OFFICER, FILING ORGANIZATION _9_ HOURS PER WEEK VP, CHIEF HUMAN RESOURCES OFFICER, WFU BAPTIST MEDICAL CTR _ 5_ HOURS PER WEEK VP, CHIEF HUMAN RESOURCES OFFICER, NC BAPTIST HOSP _26_ HOURS PER WEEK NORMAN B. POTTER, JR. VP, DEVELOPMENT AND ALUMNI AFFAIRS, FILING ORGANIZATION _ 9_ HOURS PER WEEK VP, DEVELOPMENT AND ALUMNI AFFAIRS, WFU BAPTIST MED CTR _5_ HOURS PER WEEK VP, DEVELOPMENT AND ALUMNI AFFAIRS, NC BAPTIST HOSP _26_ HOURS PER WEEK JOANNE C. RUHLAND VP, GOVERNMENT AFFAIRS, FILING ORGANIZATION _ 9_ HOURS PER WEEK VP, GOVERNMENT AFFAIRS, WFU BAPTIST MEDICAL CENTER _ 5_ HOURS PER WEEK VP, GOVERNMENT AFFAIRS, NC BAPTIST HOSPITAL _26_ HOURS PER WEEK SHEILA M. SANDERS VP, CHIEF INFORMATION OFFICER, FILING ORGANIZATION _9_ HOURS PER WEEK VP, CHIEF INFORMATION OFFICER, WFU BAPTIST MED CTR _5_ HOURS PER WEEK VP, CHIEF INFORMATION OFFICER, NC BAPTIST HOSPITAL _26_ HOURS PER WEEK THOMAS E. SIBERT, M.D. PRESIDENT AND COO, WFU BAPTIST HEALTH SYSTEM, FILING ORGANIZATION _8_ HOURS PER WEEK PRESIDENT AND COO, WFU BAPTIST HEALTH SYSTEM, WFU BAPTIST MEDICAL CENTER _5_ HOURS PER WEEK PRESIDENT AND COO, WFU BAPTIST HEALTH SYSTEM, NC BAPTIST HOSPITAL _26_ HOURS PER WEEK TRUSTEE, WFUBMC COMMUNITY PHYSICIANS _1_ HOUR PER WEEK LISA M. WYATT VP, CHIEF COMMUNICATIONS/MARKETING OFFICER, FILING ORGANIZATION _9_ HOURS PER WEEK VP, CHIEF COMMUNICATIONS/MARKETING OFFICER, WFU BAPTIST MEDICAL CENTER _5_ HOURS PER WEEK VP, CHIEF COMMUNICATIONS/MARKETING OFFICER, NC BAPTIST HOSPITAL _26_ HOURS PER WEEK GRAHAM F. BENNETT DIRECTOR, FILING ORGANIZATION _4_ HOURS PER WEEK DIRECTOR, WAKE FOREST UNIVERSITY BAPTIST MED CTR _2_ HOURS PER WEEK DONNA A. BOSWELL DIRECTOR, FILING ORGANIZATION _4_ HOURS PER WEEK TRUSTEE, WAKE FOREST UNIVERSITY _3_ HOURS PER WEEK DIRECTOR, WFU BAPTIST MEDICAL CENTER _2_ HOURS PER WEEK RICHARD A. BRENNER DIRECTOR, FILING ORGANIZATION _4_ HOURS PER WEEK GRAHAM W. DENTON, JR. DIRECTOR, FILING ORGANIZATION _4_ HOURS PER WEEK DIRECTOR, WFU BAPTIST MEDICAL CENTER _6_ HOURS PER WEEK DONALD E. FLOW DIRECTOR/BOARD CHAIR, FILING ORGANIZATION _6_ HOURS PER WEEK TRUSTEE, WAKE FOREST UNIVERSITY _3_ HOURS PER WEEK DIRECTOR, WFU BAPTIST MEDICAL CENTER _2_ HOURS PER WEEK DENISE JAMES GATLING DIRECTOR, FILING ORGANIZATION _4_ HOURS PER WEEK ROBERT E. GREENE DIRECTOR, FILING ORGANIZATION _4_ HOURS PER WEEK DIRECTOR, PIEDMONT TRIAD RESEARCH PARK _1_ HOUR PER WEEK TRUSTEE, WFU BAPTIST MEDICAL CENTER _2_ HOURS PER WEEK J. ANDREWS HANCOCK, III DIRECTOR, FILING ORGANIZATION _4_ HOURS PER WEEK ANN S. HANES DIRECTOR, FILING ORGANIZATION _4_ HOURS PER WEEK JAMES R. HELVEY, III DIRECTOR, FILING ORGANIZATION _4_ HOURS PER WEEK TRUSTEE, WAKE FOREST UNIVERSITY _5_ HOURS PER WEEK TRUSTEE, WFU DEVELOPMENT FDTN (UNTIL 7-16-10) _.1 _ HOURS PER WEEK ANDREW J. SCHINDLER DIRECTOR, FILING ORGANIZATION _4_ HOURS PER WEEK TRUSTEE, WAKE FOREST UNIVERSITY _3_ HOURS PER WEEK DIRECTOR, WFU BAPTIST MEDICAL CENTER _2_ HOURS PER WEEK MITESH B. SHAH DIRECTOR, FILING ORGANIZATION _4_ HOURS PER WEEK TRUSTEE, WAKE FOREST UNIVERSITY _3_ HOURS PER WEEK TRUSTEE, WFU DEVELOPMENT FOUNDATION _.5 _ HOURS PER WEEK JAMES DENMAN SHELTON DIRECTOR, FILING ORGANIZATION _4_ HOURS PER WEEK JAMES T. WILLIAMS, JR. DIRECTOR, FILING ORGANIZATION _4_ HOURS PER WEEK TRUSTEE, WAKE FOREST UNIVERSITY _20_ HOURS PER WEEK STEPHEN T. WILLIAMS DIRECTOR, FILING ORGANIZATION _4_ HOURS PER WEEK KYLE A. YOUNG, M.D. DIRECTOR, FILING ORGANIZATION _4_ HOURS PER WEEK TRUSTEE, WAKE FOREST UNIVERSITY _4_ HOURS PER WEEK RAYMOND ROY, M.D. FORMER, FILING ORGANIZATION _40_ HOURS PER WEEK CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 42,287,666. 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