WAKE FOREST UNIVERSITY BAPTIST MEDICAL CENTER: Form 990, tax year 2009
View the entire original 990 at ProPublica ↗
- Organization
- WAKE FOREST UNIVERSITY BAPTIST MEDICAL CENTER (EIN 51-0190238)
- Tax period
- 2009-07-01 to 2010-06-30
- Filed
- 2011-05-12
- IRS object ID
- 201131329349301648
- Schema version
- 2009v1.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-05-12T10:52:48-07:00 | Timestamp |
| Tax Period End Date | 2010-06-30 | TaxPeriodEndDate |
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2009-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 510190238 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WAKE FOREST UNIVERSITY BAPTIST MEDICAL CENTER | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | WAKE | NameControl |
| Phone | 3367164445 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | Medical Center Blvd | AddressLine1 |
| City | Winston Salem | City |
| State | NC | State |
| ZIP Code | 27157 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Douglas Nelson | Name |
| Title | Treasurer | Title |
| Phone | 3367164445 | Phone |
| Date Signed | 2011-05-12 | DateSigned |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2009 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | John D McConnell MD | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | Medical Center Blvd | AddressLine1 |
| City | Winston Salem | City |
| State | NC | State |
| ZIP Code | 27157 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 205380 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | wfubmc.edu | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1975 | YearFormation |
| State Legal Domicile | NC | StateLegalDomicile |
| Activity Or Mission Description | Wake Forest University Baptist Medical Center (WFUBMC) was established exclusively as a supporting organization for the benefit of Wake Forest University Health Sciences (WFUHS) and North Carolina Baptist Hospital (NCBH). WFUBMC coordinates and supports the fund-raising, planning, budgeting activities of supported organizations. In addition to coordinating major construction projects and leasing related activities for jointly owned properties, WFUBMC acts as the paying agent for contractor payments and functions as a real estate manager coordinating the collection of rental income, payment of rental expenses and distribution of rental income for the supported organizations. As a result, WFUBMC does not record the associated revenue or expenses or have title to the respective assets. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 12 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 11 | NbrIndependentVotingMembers |
| Total Nbr Employees | 0 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 749782 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 10000 | ContributionsGrantsCurrentYear |
| Program Service Revenue CY | 0 | ProgramServiceRevenueCY |
| Investment Income Current Year | 195380 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | -578474 | OtherRevenuePriorYear |
| Other Revenue Current Year | 0 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 171308 | TotalRevenuePriorYear |
| Total Revenue Current Year | 205380 | TotalRevenueCurrentYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Current Year | 0 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 186298 | OtherExpensePriorYear |
| Other Expenses Current Year | 25582 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 186298 | TotalExpensesPriorYear |
| Total Expenses Current Year | 25582 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -14990 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 179798 | RevenuesLessExpensesCY |
| Total Assets BOY | 1843407 | TotalAssetsBOY |
| Total Assets EOY | 2018545 | TotalAssetsEOY |
| Total Liabilities BOY | 14355 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 2018545 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 1829052 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 0 | NetAssetsOrFundBalancesEOY |
| Mission Description | Wake Forest University Baptist Medical Center (WFUBMC) was established exclusively as a supporting organization for the benefit of Wake Forest University Health Sciences (WFUHS) and North Carolina Baptist Hospital (NCBH). WFUBMC coordinates and supports the fund-raising, planning, budgeting activities of supported organizations. In addition to coordinating major construction projects and leasing related activities for jointly owned properties, WFUBMC acts as the paying agent for contractor payments and functions as a real estate manager coordinating the collection of rental income, payment of rental expenses and distribution of rental income for the supported organizations. As a result, WFUBMC does not record the associated revenue or expenses or have title to the respective assets. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 25582 | Expense |
| Grants | 0 | Grants |
| Revenue | 205380 | Revenue |
| Description | Wake Forest University Baptist Medical Center is northwest North Carolina's sole academic medical center, bringing to the region the resources of one of America's top 50 ranked hospitals and a premier medical school. Wake Forest University Baptist Medical Center is a corporation one-half controlled by Wake Forest University and one-half controlled by North Carolina Baptist Hospital. The Medical Center operates the Wake Forest University School of Medicine, Wake Forest University Health Sciences (including its faculty physician practice of more than 600 doctors); a hospital system with 1,004 licensed acute care and rehabilitation beds across the system, which encompasses North Carolina Baptist Hospital (885 beds), Brenner Children's Hospital (160 beds, included in NCBH total); Lexington Memorial Hospital (94 beds, and its related physician practice of 32 LexMed doctors); and Davie County Hospital (25 beds). Wake Forest Baptist serves a primary 26-county region in northwestern North Carolina and southwestern Virginia and draws patients from across the state and nation for select services. Wake Forest Baptist is nationally recognized for clinical excellence and internationally known for pioneering research and clinical innovation. It has been ranked as one of "America's Best Hospitals" by U.S. News & World Report since 1993, holds the Gold Seal of Approval from the Joint Commission, the nation's esteemed standards-setting and accrediting body for health care quality, and is ranked 27th in the nation by America's Top Doctors for the number of its physicians who are considered best by their peers. The Best Doctors in America 2011-2012 listing includes 293 Wake Forest Baptist physicians, an increase of 37 percent over the previous year; 92 percent of the doctors listed for Forsyth County are Wake Forest doctors. The Medical Center was first in the Carolinas to earn Magnet Designation for Nursing Excellence from the American Nurses Credentialing Center, a distinction held since 1999. It also holds the distinction of being the most preferred hospital of area residents according to independent research from the National Research Corporation. Wake Forest Baptist offers expertise in more than 100 areas of medicine, encompassing comprehensive preventive and highly specialized care for all ages. It includes 21 subsidiary or affiliate hospitals, and operates more than 120 outreach activities, including satellite specialty clinics across northwest North Carolina that extend the benefit of Wake Forest Baptist subspecialty expertise throughout the region. As part of a busy tertiary care center, N.C. Baptist Hospital recorded 34,854 inpatient admissions in FY 2010, and a total of 818,089 outpatient encounters (ED, Downtown Health Plaza, Day Hospital, ambulatory visits). Total patient encounters numbered 852,943. In addition to its clinical leadership, Wake Forest Baptist is a major research center with more than 2,500 research studies under way. In the arena of cancer research alone, there are more than 475 studies being conducted. The Medical Center operates a Translational Science Institute committed to multi-disciplinary research that will speed findings from the laboratory to the bedside to benefit patients. One of the Medical Center's most innovative and growing programs is the Wake Forest Institute for Regenerative Medicine, where scientists are actively advancing knowledge about building organs and vessels from patients' own tissue -- advancing the horizons of medical possibility. | Description |
| Total Of Other Program Service Exp | 0 | TotalOfOtherProgramServiceExp |
| Total Of Other Program Service Grnt | 0 | TotalOfOtherProgramServiceGrnt |
| Total Of Other Program Service Rev | 0 | TotalOfOtherProgramServiceRev |
| Total Program Service Expense | 25582 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Balance Sheet Amounts Reported | 1 | BalanceSheetAmountsReported |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 0 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 0 | NumberOfEmployees |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Nbr Voting Governing Body Members | 12 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 11 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | NC | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | Doug Lischke | NamePerson |
| Telephone Number | 3367164445 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | Medical Center Blvd | AddressLine1 |
| City | Winston Salem | City |
| State | NC | State |
| ZIP Code | 27157 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | X | NoListedPersonsCompensated |
Form990 Part VII Section A Form990PartVIISectionA (21 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Key EmployeeKeyEmployee | FormerFormer |
|---|---|---|---|---|---|---|---|---|
| Roger Cothran | ||||||||
| Director | 1 | X | 0 | 0 | 0 | |||
| Ernest L Evans | ||||||||
| Director | 1 | X | 0 | 0 | 0 | |||
| Arthur A Gibel | ||||||||
| Director | 1 | X | 0 | 0 | 0 | |||
| Joesph R Overby Jr MD | ||||||||
| Director | 1 | X | 0 | 0 | 0 | |||
| Stephen L Robertson | ||||||||
| Director | 1 | X | 0 | 0 | 0 | |||
| William C Warden Jr | ||||||||
| Vice Chair | 1 | X | 0 | 0 | 0 | X | ||
| Graham W Denton Jr | ||||||||
| Chair | 1 | X | 0 | 0 | 0 | X | ||
| Donald E Flow | ||||||||
| Director | 1 | X | 0 | 0 | 0 | |||
| Murray C Greason Jr | ||||||||
| Director | 1 | X | 0 | 0 | 0 | |||
| Robert E Greene | ||||||||
| Director | 1 | X | 0 | 0 | 0 | |||
| Nathan O Hatch PhD | ||||||||
| Director | 1 | X | 0 | 0 | 0 | |||
| Donna A Boswell | ||||||||
| Director | 1 | X | 0 | 0 | 0 | |||
| Allison Brashear MD | ||||||||
| Director | 1 | X | 0 | 0 | 0 | |||
| Neal D Kon MD | ||||||||
| Director | 1 | X | 0 | 0 | 0 | |||
| Frank M Torti MD | ||||||||
| Director | 1 | X | 0 | 0 | 0 | |||
| John D McConnell MD | ||||||||
| Chief Executive Officer | 1 | 0 | 1213616 | 468064 | X | |||
| J McLain Wallace Jr | ||||||||
| Secretary | 1 | 0 | 260936 | 25328 | X | |||
| Edward G Chadwick | ||||||||
| Treasurer | 1 | 0 | 690281 | 44001 | X | |||
| J Reid Morgan | ||||||||
| Assistant Secretary | 1 | 0 | 293567 | 48746 | X | |||
| Thomas E Sibert MD | ||||||||
| Chief Medical Officer | 1 | 0 | 929044 | 45144 | X | |||
| Douglas Nelson | ||||||||
| Former Treasurer and Secretary | 40 | 0 | 154954 | 27697 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 0 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 3542398 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 658980 | TotalOtherCompensation |
| Number Individuals GT100 K | 0 | NumberIndividualsGT100K |
| Formers Listed | 1 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| Frank Blum Construction | |||||
| PO Box 4153 | Winston Salem | NC | 27115 | Construction | 6112416 |
| Carolina Business Interiors | |||||
| 4020 Yancy Road | Charlotte | NC | 28217 | Construction | 706128 |
| HKS Inc | |||||
| PO Box 731121 | Dallas | TX | 75373 | Architect | 2744801 |
| Bovis Lend Lease | |||||
| PO Box 32755 | Charlotte | NC | 28232 | Construction | 1887246 |
| David Roberts & Assoc PA | |||||
| 500 East Morehead Suite 212 | Charlotte | NC | 28203 | Architect | 601033 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Federated Campaigns | 0 | FederatedCampaigns |
| Membership Dues | 0 | MembershipDues |
| Fundraising Events | 0 | FundraisingEvents |
| Related Organizations | 0 | RelatedOrganizations |
| Government Grants | 0 | GovernmentGrants |
| All Other Contributions | 10000 | AllOtherContributions |
| Noncash Contributions | 0 | NoncashContributions |
| Total Contributions | 10000 | TotalContributions |
| Total Program Service Revenue | 0 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 195380 | TotalRevenueColumn |
| Related Or Exempt Function Income | 195380 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 0 | Real |
| Personal | 0 | Personal |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 0 | Securities |
| Other | 0 | Other |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrbtns Rprtd Fundraising Events | 0 | CntrbtnsRprtdFundraisingEvents |
| Total Other Revenue | 0 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 205380 | TotalRevenueColumn |
| Related Or Exempt Function Income | 195380 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
Other Expenses OtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Miscellaneous | Description |
| Total | 25582 | Total |
| Program Services | 25582 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 25582 | Total |
| Program Services | 25582 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 280237 | BOY |
| EOY | 133681 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1527266 | BOY |
| EOY | 1773315 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Receivables From Disqual Persons ReceivablesFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 0 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 0 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
Intangible Assets IntangibleAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 35904 | BOY |
| EOY | 111549 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1843407 | BOY |
| EOY | 2018545 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 14355 | BOY |
| EOY | 9695 | EOY |
Grants Payable GrantsPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Escrow Account Liability EscrowAccountLiability
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Loans From Officers Directors LoansFromOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 2008850 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 14355 | BOY |
| EOY | 2018545 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1223166 | BOY |
| EOY | 0 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 505886 | BOY |
| EOY | 0 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 100000 | BOY |
| EOY | 0 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1829052 | BOY |
| EOY | 0 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1843407 | BOY |
| EOY | 2018545 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supporting Organization509a3 | X | SupportingOrganization509a3 |
| Supporting Org509a3 Type1 | X | SupportingOrg509a3Type1 |
| Certification Checkbox | X | CertificationCheckbox |
| Contrib By Controlling Individual | 0 | ContribByControllingIndividual |
| Contribution By Related Party | 0 | ContributionByRelatedParty |
| Contrib By35 Controlled Entity | 0 | ContribBy35ControlledEntity |
Supported Org Information SupportedOrgInformation (3 entries)
| EINEIN | Type Of OrganizationTypeOfOrganization | Listed In Governing DocListedInGoverningDoc | Supported Organization NotifiedSupportedOrganizationNotified | Organized In USOrganizedInUS | AmountAmount |
|---|---|---|---|---|---|
| Wake Forest University Health Sciences | |||||
| 223849199 | 2 - School | 1 | 1 | 1 | $0 |
| North Carolina Baptist Hospital | |||||
| 560552787 | 3 - Hospital | 1 | 1 | 1 | $0 |
| Wake Forest University | |||||
| 560532138 | 2 - School | 1 | 1 | 1 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Number Of Supported Orgs | 3 | TotalNumberOfSupportedOrgs |
| Sum Of Amounts | 0 | SumOfAmounts |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 505886 | BeginningOfYearBalance |
| Contributions | 5000 | Contributions |
| Investment Earnings Or Losses | 36622 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 0 | GrantsOrScholarships |
| Other Expenditures | 4980 | OtherExpenditures |
| Administrative Expenses | 0 | AdministrativeExpenses |
| End Of Year Balance | 542528 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 667600 | BeginningOfYearBalance |
| Contributions | 5000 | Contributions |
| Investment Earnings Or Losses | -161714 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 0 | GrantsOrScholarships |
| Other Expenditures | 5000 | OtherExpenditures |
| Administrative Expenses | 0 | AdministrativeExpenses |
| End Of Year Balance | 505886 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.36 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.54 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.1 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 0 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 0 | OtherCostOrOtherBasis |
| Book Value | 0 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 0 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 0 | OtherCostOrOtherBasis |
| Depreciation | 0 | Depreciation |
| Book Value | 0 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 0 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 0 | OtherCostOrOtherBasis |
| Depreciation | 0 | Depreciation |
| Book Value | 0 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 0 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 0 | OtherCostOrOtherBasis |
| Depreciation | 0 | Depreciation |
| Book Value | 0 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 0 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 0 | OtherCostOrOtherBasis |
| Depreciation | 0 | Depreciation |
| Book Value | 0 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 0 | TotalOfBookValueLandBuildings |
Financial Derivatives FinancialDerivatives
| Field | Value | IRS element (for citing) |
|---|---|---|
| Book Value | 0 | BookValue |
| Method Of Valuation | F | MethodOfValuation |
Closely Held Equity Interests CloselyHeldEquityInterests
| Field | Value | IRS element (for citing) |
|---|---|---|
| Book Value | 0 | BookValue |
| Method Of Valuation | F | MethodOfValuation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 0 | TotalOfBookValueSecurities |
Other Assets OtherAssets (3 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| Other Investments & Assets | 74100 |
| Insurance Policies | 36856 |
| Sales tax receivable | 593 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 111549 | TotalBookValueOtherAssets |
| Federal Income Tax Liability | 0 | FederalIncomeTaxLiability |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Beneficial interest held on the behalf of Others | Description |
| Amount | $2,008,850 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 2008850 | TotalOfAmounts |
| Total Revenue | 205380 | TotalRevenue |
| Total Expenses | 25582 | TotalExpenses |
| Excess Or Deficit For Year | 179798 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 0 | NetUnrealizedGLOnInvestments |
| Donated Services And Facilities | 0 | DonatedServicesAndFacilities |
| Investment Expenses | 0 | InvestmentExpenses |
| Prior Period Adjustments | -2008850 | PriorPeriodAdjustments |
| Other | $0 | OtherAmount |
| Total Adjustments | -2008850 | TotalAdjustments |
| Excess Or Deficit Per FS | -1829052 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 202118 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 0 | NetUnrealizedGainsInvestments |
| Donated Srvc And Use Of Facilities | 0 | DonatedSrvcAndUseOfFacilities |
| Recoveries Of Prior Year Grants | 0 | RecoveriesOfPriorYearGrants |
| Other Revenues | 0 | OtherRevenues |
| Revenue Not Rptd F990 | 0 | RevenueNotRptdF990 |
| Revenue Subtotal | 202118 | RevenueSubtotal |
| Investment Expenses Not Included | 0 | InvestmentExpensesNotIncluded |
| Other Revenues Not Included | 3262 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 3262 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 205380 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 25582 | TotExpensesEtcAuditedFinclStmt |
| Donated Services Use Of Facilities | 0 | DonatedServicesUseOfFacilities |
| Prior Year Adjustments | 0 | PriorYearAdjustments |
| Losses Reported | 0 | LossesReported |
| Other Expenses Included | 0 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 25582 | ExpensesSubtotal |
| Investment Expenses Not Included2 | 0 | InvestmentExpensesNotIncluded2 |
| Other Expenses Not Included | 0 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 25582 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (3 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| SchD_P05_S00_L04 | Schedule D, Part V, Line 4 | The fund was established with WFUBMC to be used for the most appropriate and beneficial needs in the healthcare field. |
| SchD_P10_S00_L00 | Schedule D, Part X | Wake Forest University Baptist Medical Center (WFUBMC) is the coordinator for fundraising and all gifts are ultimately distributed to North Carolina Baptist Hospital and Wake Forest University Health Sciences; therefore, all gifts are recorded by WFUBMC as a liability. |
| SchD_P12_S00_L04b | Schedule D, Part XII, Line 4b | Net investment income on temporarily-restricted net assets. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (7 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| John D McConnell MD | |||||||||||||
| 0 | 831288 | 0 | 266667 | 0 | 115661 | 0 | 441589 | 0 | 26475 | 0 | 1681680 | 0 | 0 |
| J McLain Wallace Jr | |||||||||||||
| 0 | 228397 | 0 | 24214 | 0 | 8325 | 0 | 9175 | 0 | 16153 | 0 | 286264 | 0 | 0 |
| Edward G Chadwick | |||||||||||||
| 0 | 294218 | 0 | 350000 | 0 | 46063 | 0 | 16476 | 0 | 27525 | 0 | 734282 | 0 | 0 |
| J Reid Morgan | |||||||||||||
| 0 | 281576 | 0 | 0 | 0 | 11991 | 0 | 24500 | 0 | 24246 | 0 | 342313 | 0 | 0 |
| Douglas Nelson | |||||||||||||
| 0 | 139037 | 0 | 15625 | 0 | 292 | 0 | 10480 | 0 | 17217 | 0 | 182651 | 0 | 0 |
| Thomas E Sibert MD | |||||||||||||
| 0 | 266654 | 0 | 550000 | 0 | 112390 | 0 | 16483 | 0 | 28661 | 0 | 974188 | 0 | 0 |
| Nathan O Hatch PhD | |||||||||||||
| 0 | 524277 | 0 | 34065 | 0 | 36160 | 0 | 209917 | 0 | 61338 | 0 | 865757 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII (3 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| SchJ_P01_S00_L00 | Schedule J, Part I | During the tax period, the filing organization and its affiliates, North Carolina Baptist Hospital ("NCBH") and Wake Forest University Health Sciences ("WFUHS") were operating under an agreement that provided for a single executive group to provide for the management of both the filing organization and WFUHS, which entities together have combined operating revenues for the tax period of $1,814 billion. These individuals were sought and hired after national searches in a highly competitive environment, and the medical center sought only individuals at the highest levels of ability, given their task of initiating the new management structure designed to optimize the effectiveness of both organizations in their tax-exempt missions. Three executives (John D. McConnell, M.D., medical center CEO; Thomas E. Sibert, M.D., and Edward G. Chadwick, medical center CFO), received one-time recruitment bonuses that included relocation incentives. Additionally, Dr. McConnell received a deferred compensation arrangement that replaced similar non-vested benefits forfeited from his previous employer. The bonuses were paid by its affiliate, WFUHS, and the determination of the amount of the bonuses followed the filing organization's compensation procedures as outlined in Part VI, Section B, line 15 of the Form 990. The compensation for executives John D. McConnell, M.D., medical center CEO, Thomas E. Sibert, M.D., and Edward G. Chadwick, medical center CFO, is paid to them by a related organization, WFUHS, but 50% of that compensation is reimbursed by North Carolina Baptist Hospital. |
| SchJ_P01_S00_L03 | Schedule J, Part I, Line 3 | See Schedule O information for Form 990, Part VI, Section B, Line 15 relating to the Process for Determining Compensation of the organization's CEO/Executive Director. |
| SchJ_P02_S00_L00 | Schedule J, Part II | The following individuals were compensated by Wake Forest University Health Sciences, a related organization, for services performed for WFUBMC, WFUHS, and NCBH: John D. McConnell, M.D., Thomas E. Sibert, M.D., Edward G. Chadwick, and Douglas Nelson. The following individual was compensated by North Carolina Baptist Hospital, a related organization, for services performed for WFUBMC and NCBH: J. McLain Wallace, Jr. The following individuals were compensated by Wake Forest University, a related organization, for services performed for WFUBMC, WFUHS, and WFU: Nathan O. Hatch, Ph.D. and J. Reid Morgan. |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (5 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| F990_P06_S0B_L11 | Form 990, Part VI, Section B, Line 11 | WFUBMC Financial Services will distribute to the Corporation's Board of Trustees copies of the Form 990 prior to their scheduled meeting. The Board has asked the Audit and Compliance committees of WFUHS and NCBH to review the detail of the Form 990 with the Corporation's Chief Financial Officer or a delegate from Financial Services. Members of the Corporation's management team will answer questions and address any concerns the Committee Members or other Trustees raise. The minutes of the joint Audit and Compliance Committee Meeting will note that the Committee Members and other Trustees and Directors have reviewed and discussed the Form 990 with the Corporation's management. If modifications are required, Financial Services will redistribute the revised Form 990 to all Trustees and Directors, along with a report noting the modifications. |
| F990_P06_S0B_L12c | Form 990, Part VI, Section B, Line 12c | On an annual basis, all Trustees and Officers that have significant influence over the operations of the organization are asked to complete a questionnaire noting the following: acknowledge receipt of the Conflict of Interest Policy, acknowledge that they have read and understand the policy, acknowledge that they agree to comply with the policy, and describe any potential Conflicts of Interest they may have given their role within the organization. Upon completion of the Conflict of Interest survey, the Internal Audit and Compliance Offices reviews the completed questionnaires. Any significant conflicts identified are communicated to the organization's President and presented to the organization's Board Audit and Compliance Committees. The Audit and Compliance Committee Chairs then presents the Annual Report to the full Boards. Any material Conflicts of Interest are monitored by the Boards and organizational level by the Audit and Compliance Committees and the Internal Audit and Compliance offices, and conflicted individuals are asked to conduct business, as it relates to the identified conflict, in accordance with the Conflict of Interest Policy. Opportunities exist for Trustees, Directors, and Officers that have significant influence over operations of the organization to report conflicts to the Internal Audit and Compliance Offices should a Conflict of Interest arise between annual questionnaires. |
| F990_P06_S0B_L15 | Form 990, Part VI, Section B, Line 15 | It is the policy of WFUBMC to establish Executive Compensation at a level appropriate to attract and retain Executive level personnel in a manner that complies with IRS Guidelines for approval of Executive Management compensation, incorporating practices currently in place from the Compensation Committees responsibilities, Executive compensation philosophy, and the Management Incentive Compensation Plan. The review and approval of compensation will be performed by the Compensation Committees of WFUHS's Board of Directors and NCBH's Board of Trustees, via delegated authority of the Board of Directors and Trustees as follows: the primary purpose of the Compensation Committees is to oversee the Executive Compensation Program to insure that it is administered in a manner which is consistent with the compensation philosophy adopted by the Board of Directors and Trustees. The Compensation Committees shall provide systematic review and evaluation of the CEO's performance and shall oversee the Executive Compensation Program to insure it is administered in a manner that is consistent with any policies and plans adopted by the Board of Directors and Trustees and in compliance with any applicable legal requirements. The Compensation Committees shall initiate and review the Executive Succession Planning Policies and Procedures. The members of the Compensation Committees shall be the Chairs of the Corporations, who shall be the Chairs of the Compensation Committees, the Vice Chairs of the Corporations, the Chairs of the Finance Committees, and the Chairs of the Governance and Nominating Committees and any other Directors and/or Trustees deemed necessary to serve the Committee purpose and elected by the Board of Directors and Trustees. |
| F990_P06_S0C_L19 | Form 990, Part VI, Section C, Line 19 | Photocopies of the organization's governing documents, Conflict of Interest Policy, and financial statements are available upon request at the organization's Administrative Office. |
| F990_P10_S00_L25 | Form 990, Part X, Line 25 | Wake Forest University Baptist Medical Center (WFUBMC) is the coordinator for fundraising and all gifts are ultimately distributed to North Carolina Baptist Hospital and Wake Forest University Health Sciences; therefore, all gifts are recorded by WFUBMC as a liability. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII (3 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Exempt Code SectionExemptCodeSection | Public Charity StatusPublicCharityStatus | Direct Controlling Entity NADirectControllingEntityNA |
|---|---|---|---|---|---|---|---|---|---|
| North Carolina Baptist Hospital | |||||||||
| Medical Center Blvd | Winston Salem | NC | 27157 | 560552787 | Healthcare | NC | 501(c)(3) | Line 3 | N/A |
| Wake Forest University Health Sciences | |||||||||
| Medical Center Blvd | Winston Salem | NC | 27157 | 223849199 | Healthcare Education and Research | NC | 501(c)(3) | Line 2 | N/A |
| Wake Forest University | |||||||||
| PO Box 7201 | Winston Salem | NC | 27109 | 560532138 | University | NC | 501(c)(3) | Line 2 | N/A |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 1 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 0 | SharingOfFacilities |
| Sharing Of Paid Employees | 0 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |