Liabilities / Assets
100th percentile
Higher debt load relative to assets than 100% of similar nonprofits.
Wake Forest Innovation Quarter Management Co
990 • Fiscal year 2020 • EIN 06-1818498
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
40.53x
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on this filing.
Net Margin
Score unavailable
Net margin requires both revenue and expenses on this filing.
Top Officer Pay
100th percentile
Higher top officer pay than 100% of similar nonprofits.
Asset Growth
95th percentile
Faster asset growth than 95% of similar nonprofits.
Revenue Growth
2nd percentile
Faster revenue growth than 2% of similar nonprofits.
Balance Sheet
Assets
Up$361,624
Up $254,733 (+238%) from 2019
Net Assets
Down-$14,294,148
Down $1,678,229 (-13%) from 2019
Liabilities
Up$14,655,772
Up $1,932,962 (+15%) from 2019
Revenue And Expenses
Revenue
Down$0
Down $1,000 (-100%) from 2019
Expenses
Up$1,678,229
Up $360,008 (+27%) from 2019
Net Income
Down-$1,678,229
Down $361,008 (-27%) from 2019
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2019 to Jun 30, 2020
- Signed
- Apr 30, 2021
- Return Version
- 2019v5.2
- Gross Receipts
- $0
Mission and Program Overview
Mission
To oversee, as the umbrella organization of the wake forest university health sciences ("wfuhs") affiliated research park entities, all wfuhs activities involving the wake forest innovation quarter (f/k/a piedmont triad research park), including land acquisition, master planning and park development such as infrastructure, recruiting, etc., and to coordinate the efforts of all wfuhs affiliated research park entities including wake forest innovation quarter (f/k/a piedmont research park). It will provide an additional campus for the long-term space needs of wfuhs and undertakes revitalization and redevelopment of the center-city area of winston-salem.
To develop/manage a research park to provide research space and revitalize downtown winston-salem.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Accounts Receivable | $48,951 | $344,957 | ▲ $296,006 |
| Land, Buildings, and Equipment, Net | $41,273 | - | - |
| Prepaid Expenses and Deferred Charges | $16,667 | $16,667 | → $0 |
| Total Assets | $106,891 | $361,624 | ▲ $254,733 |
| Liabilities | |||
| Other Liabilities | $12,722,810 | $14,655,772 | ▲ $1,932,962 |
| Total Liabilities | $12,722,810 | $14,655,772 | ▲ $1,932,962 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $-12,615,919 | $-14,294,148 | ▼ $1,678,229 |
| Total Net Assets Fund Balance | $-12,615,919 | $-14,294,148 | ▼ $1,678,229 |
| Total Liabilities and Net Assets / Fund Balance | $106,891 | $361,624 | ▲ $254,733 |
Compensation and Service Providers
Board Members and Trustees
| Name | Title |
|---|---|
| Terry L Hales Jr | Director & President |
| Nathan O Hatch Phd | Director |
| J Reid Morgan | Director & Secretary |
| J Mclain Wallace Jr | Director & Treasurer |
| Eric Tomlinson Dsc Phd | Former Director/officer (3-1-18) |
| Anita M Conrad | Asst Secretary |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $0
- Program Service Revenue
- $0
- Investment Income
- $0
- Other Revenue
- $0
- Change in Net Assets
- $-1,678,229
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $1,436,595 |
| Salaries, Compensation, and Employee Benefits | $209,634 |
| Grants and Similar Amounts Paid | $32,000 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Fees for Services Management | $529,870 | $79,176 | - | $609,046 |
| Occupancy | $539,855 | - | - | $539,855 |
| Other Salaries and Wages | $206,884 | - | - | $206,884 |
| Fees for Services Other | $183,614 | - | - | $183,614 |
| Advertising | $63,348 | - | - | $63,348 |
| Grants to Domestic Orgs | $32,000 | - | - | $32,000 |
| Fees for Services Legal | $14,588 | - | - | $14,588 |
| Other Expenses | $13,250 | - | - | $13,250 |
| Information Technology | $11,002 | - | - | $11,002 |
| Other Employee Benefits | $2,750 | - | - | $2,750 |
| Office Expenses | $407 | $1,203 | - | $1,610 |
| Conferences and Meetings | $282 | - | - | $282 |
| Total Functional Expenses | $1,597,850 | $80,379 | $0 | $1,678,229 |
International Activity
Grant and Assistance Recipients
| Recipient | Location | Category | Purpose | Amount |
|---|---|---|---|---|
| Venture Cafe of Winston-salem Inc | Winstonsalem, NC | 501(c)(3) | Support Program to Broaden and Connect Innovation Community | - |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
Political and Lobbying Activity
- Political campaign activity
- No
- Lobbying activity
- No
- Subject to proxy tax
- No
Debt and Bond Financing
Other Reported Liabilities
| Liability | Amount |
|---|---|
| Advance From Related Party | $14,655,772 |
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- No
- Annual disclosure for covered persons
- Yes
- Audit committee
- Yes
- Business relationship with 35% controlled entity
- No
- Business relationship with family members
- No
- Business relationship with organization members
- No
- Material changes to governing documents
- No
- Compensation from other sources disclosed
- No
- CEO compensation reviewed
- No
- Other officer compensation reviewed
- No
- Conflict-of-interest policy
- Yes
- Audited financial statements prepared
- Yes
- Key decisions subject to board approval
- Yes
- Management duties delegated
- No
Governance Explanations
Form 990, Part VI, Section A, Line 6
“The sole member of the filing organization is wake forest university health sciences.”
Form 990, Part VI, Section A, Line 7A
“The members of the board of directors of the organization are appointed by the governing body of wake forest university health sciences or by a member of the governing body or by an officer of wake forest university health sciences acting in his/her official capacity, in accordance with procedures prescribed by the board of directors of wake forest university health sciences.”
Form 990, Part VI, Section A, Line 7B
“Decisions of the organization's governing body which require approval by the parent organization, wake forest university health sciences, include amendments to the organization's governance documents (articles of incorporation and bylaws), and the election and removal of directors (although per an amendment to the parent organization's bylaws in 2010, the ceo of the parent organization may act for the parent's board in such matters).”
Form 990, Part VI, Section B, Line 11B
“The filing organization's board of directors receives a copy of the form 990 with sufficient time to permit review, comment, and questions prior to its filing. If modifications are required following such review and comment, the revised form 990 is redistributed 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 its officers and directors to disclose conflicts of interest annually, and as they arise. Any items disclosed are reviewed and managed in accordance with the organization's policy on conflicts of interest.”
Form 990, Part VI, Section B, Line 15
“The organization pays no compensation to officers or directors; as the organization has no employees, all compensation paid to officers and directors was paid by a related organization. The related organization's executive committee or compensation committee of its board of directors, or the governance & compensation committee of the wake forest university baptist medical center board (through authority delegated to it by wake forest university health sciences - the parent of the filing organization) is responsible for reviewing and approving most officers and directors' compensation. The committee utilizes independent compensation consultants, compensation surveys and studies to determine the appropriateness of each such officer's compensation.”
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. The conflict of interest policy and financial statements are available to the public on request.”
Part VII, Section A, Column B, Hours
“J. Reid morgan filing org 0.5 related org 33.5 unrelated org 6.0 nathan o. Hatch, phd filing org 0.2 related org 34.0 unrelated org 5.8 terry l. Hales, jr. Filing org 2.0 related org 38.0 anita m. Conrad filing org 1.0 related org 36.0 unrelated org 3.0 j. Mclain wallace, jr. Filing org 0.5 related org 3.3 unrelated org 36.2 north carolina baptist hospital ("ncbh") and wake forest university baptist medical center ("wfubmc") are unrelated organizations to the filing organization. Pursuant to the terms of the "medical center integration agreement" (an agreement entered into in 2010 among four parties: wake forest university, wake forest university health sciences (both related organizations of the filing organization), wake forest university baptist medical center and north carolina baptist hospital (both unrelated to the filing organization), under which agreement the operation of wfuhs and ncbh, and all of the respective subsidiaries of each, was delegated to wfubmc), the corporate officers of wfubmc generally serve also as the corporate officers of wfuhs and ncbh. Thus, certain officers of the filing organization also devote hours to the related organizations, as well as to the unrelated organizations (wfubmc and ncbh), as shown in the breakdown of hours above.”
Filing and Contact Details
Filer
- Filer Name
- Wake Forest Innovation Quarter
- EIN
- 06-1818498
- Phone
- 3367164445
- Address
- MEDICAL CENTER BOULEVARD, WINSTONSALEM, NC 27157
Signing Officer
- Name
- Terry L Hales Jr
- Title
- President
- Phone
- 3367164445
- Signed
- 2021-04-30
Organization Details
- Principal Officer
- Terry L Hales Jr
- Formed
- 2007
- Legal Domicile
- Nc
- Voting Board Members
- 4
- Independent Board Members
- 0
- Employees
- 0
- Volunteers
- 4
Supplemental Narrative
Additional Explanations
Form 990, Part IX, Line 11G
“Consultants: program service expenses 183,614. Management and general expenses 0. Fundraising expenses 0. Total expenses 183,614.”
Financial Statement Notes
PART X, LINE 2:
“The organization has evaluated uncertain tax positions for its fiscal year ended june 30, 2020 and 2019, including a quantification of tax risk in areas such as unrelated business taxable income and the taxation of its joint ventures. This evaluation did not have a material effect on the organization's financial statements for the years ended june 30, 2020 and 2019.”
Raw XML AppendixShowing 400 of 610 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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| IRS990/Desc | 0 | TO SERVE AS THE UMBRELLA ORGANIZATION OF THE WAKE FOREST UNIVERSITY HEALTH SCIENCES ("WFUHS") AFFILIATED RESEARCH PARK ENTITIES, OVERSEEING ALL WFUHS ACTIVITIES INVOLVING THE WAKE FOREST INNOVATION QUARTER, INCLUDING LAND ACQUISITION, MASTER PLANNING AND PARK DEVELOPMENT SUCH AS INFRASTRUCTURE, RECRUITING, ETC., AND TO COORDINATE THE EFFORTS OF ALL WFUHS AFFILIATED RESEARCH PARK ENTITIES INCLUDING WAKE FOREST INNOVATION QUARTER CDC. THE ORGANIZATION WILL PROVIDE AN ADDITIONAL CAMPUS FOR THE LONG-TERM RESEARCH SPACE NEEDS OF WFUHS AND UNDERTAKE REVITALIZATION AND REDEVELOPMENT EFFORTS OF THE CENTER-CITY AREA OF WINSTON-SALEM.THE ORGANIZATION MAINTAINS THE LONG BRANCH TRAIL, A 1.7 MILE NETWORK OF GREENWAY TRAILS FOR WALKING, RUNNING AND BIKING THAT RUNS THROUGH INNOVATION QUARTER. THE TRAIL WAS BUILT THROUGH COLLABORATION AMONG THE FILING ORGANIZATION, ITS AFFILIATES, THE CITY OF WINSTON SALEM, THE NORTH CAROLINA DEPARTMENT OF TRANSPORTATION AND THE NORTH CAROLINA DEPARTMENT OF TRANSPORTATION - RAIL DIVISION. DURING FY20, THE ORGANIZATION PROVIDED FREE COMMUNITY PROGRAMS HOSTED AT BAILEY PARK, WHICH OFFERS A STAGE, LAWN AND FOOD TRUCK COURT TO ACCOMMODATE LARGE GATHERINGS:- INNOVATION & CINEMA (COMMUNITY FILM SERIES);- BAILEY, BLUES & BLUEGRASS FESTIVAL (COMMUNITY MUSIC FESTIVAL); - YOGA IN BAILEY PARK (COMMUNITY YOGA SERIES); AND- FOOD TRUCK FESTIVAL (MONTHLY MAY THROUGH NOVEMBER).THE PROGRAMS REFERENCED ABOVE WERE ALL PRESENTED IN THE PERIOD FROM JULY 1, 2019 THROUGH MID-MARCH OF 2020, PRIOR TO THE ONSET OF THE COVID-19 PANDEMIC, BUT WERE SUSPENDED FOR THE BALANCE OF THE ORGANIZATION'S FISCAL YEAR ENDED JUNE 30, 2020. |
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| IRS990/MissionDesc | 0 | TO SERVE AS THE UMBRELLA ORGANIZATION OF THE WAKE FOREST UNIVERSITY HEALTH SCIENCES ("WFUHS") AFFILIATED RESEARCH PARK ENTITIES, OVERSEEING ALL WFUHS ACTIVITIES INVOLVING THE WAKE FOREST INNOVATION QUARTER, INCLUDING LAND ACQUISITION, MASTER PLANNING AND PARK DEVELOPMENT. |
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| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | SCITECH INSTITUTE, A COMMUNITY ENRICHMENT SCIENCE, TECHNOLOGY, ENGINEERING AND MATH (STEM) PROGRAM FOR UPPER ELEMENTARY AND MIDDLE SCHOOL STUDENTS. ON AN ANNUAL BASIS FOR TWO DAYS IN THE SPRING AND TWO WEEKS IN THE SUMMER, STUDENTS ARE IN AN IMMERSIVE LEARNING ENVIRONMENT TO EXPOSE THEM TO CAREERS IN SCIENCE, TECHNOLOGY, ENGINEERING AND MATH THROUGH A SERIES OF FIELD TRIPS, LABS AND OTHER ACTIVITIES. STUDENTS NOT ONLY GET DEMONSTRATIONS OF AVAILABLE STEM CAREERS, BUT ALSO THE TECHNOLOGY THAT MAKES THESE CAREERS POSSIBLE. AS A RESULT, STUDENTS LEARN TO NOT JUST THINK OF STEM CAREERS IN TERMS OF END USERS, BUT ALSO AS THE INNOVATORS WHO MOVE TECHNOLOGY FORWARD.SCITECH WAS TEMPORARILY SUSPENDED FOR SPRING/SUMMER 2020 DUE TO COVID-19 RESTRICTIONS, BUT IS SET TO RESUME ONCE RESTRICTIONS ARE LIFTED. |
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| IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt | 0 | THE ORGANIZATION FOLLOWS THE POLICY USED BY WAKE FOREST UNIVERSITY BAPTIST MEDICAL CENTER (TO WHICH ENTITY THE OPERATION OF THE SUBSIDIARIES OF ITS TWO MEMBERS, WAKE FOREST UNIVERSITY HEALTH SCIENCES AND NORTH CAROLINA BAPTIST HOSPITAL, - INCLUDING THE FILING ORGANIZATION - HAS BEEN DELEGATED) IN REVIEWING ELIGIBILITY AND SELECTION OF GRANTEES RECEIVING CERTAIN EXEMPT PURPOSE FUNDS. THE ORGANIZATION MAINTAINS DOCUMENTATION OF THE ELIGIBILITY AND SELECTION CRITERIA AND RECORDS OF AMOUNTS DISBURSED. |
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| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 0 | NATHAN O HATCH PHD |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 1 | J REID MORGAN |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 2 | TERRY L HALES JR |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 3 | ERIC TOMLINSON DSC PHD |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 4 | ANITA M CONRAD |
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| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt | 3 | FORMER DIRECTOR/OFFICER (3-1-18) |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt | 4 | ASST SECRETARY |
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| IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt | 0 | CERTAIN OFFICERS AND DIRECTORS OF THE FILING ORGANIZATION RECEIVED SEVERANCE PAYMENTS AND/OR PARTICIPATED IN SUPPLEMENTAL NONQUALIFIED RETIREMENT PLANS (SERP) AND EXECUTIVE INCENTIVE COMPENSATION PLANS (ALL OF WHICH WAS PAID BY RELATED ORGANIZATIONS, WAKE FOREST UNIVERSITY HEALTH SCIENCES OR WAKE FOREST UNIVERSITY, AS PART OF THE INDIVIDUALS' COMPENSATION FROM THE RELATED ORGANIZATIONS). THE FOLLOWING CURRENT AND FORMER DIRECTORS AND OFFICERS RECEIVED SERP PAYMENTS IN THEIR CALENDAR YEAR 2019 COMPENSATION: TERRY L. HALES, JR. $69,183 J. REID MORGAN $82,743 THE FOLLOWING FORMER DIRECTOR AND OFFICER RECEIVED A SEVERANCE PAYMENT FROM A RELATED ORGANIZATION, WAKE FOREST UNIVERSITY HEALTH SCIENCES, IN CALENDAR YEAR 2019: ERIC TOMLINSON, DSC, PHD $439,108 THE COMPENSATION OF DR. NATHAN O. HATCH INCLUDES A PAYOUT OF $272,728 WHICH WAS INCLUDED IN HIS 2019 FORM W-2 AND IS INCLUDED IN COLUMN BIII OF SCHEDULE J, PART II. THIS AMOUNT IS ALSO SHOWN IN SCHEDULE J, PART II, COLUMN F AS THE AMOUNT PREVIOUSLY REPORTED ON PRIOR YEARS' FORMS 990. DR. HATCH PARTICIPATES IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN (SERP). SCHEDULE J, PART II, COLUMN C INCLUDES THE ACTUARIAL VALUE INCREASE OF $249,477. DR. HATCH'S COMPENSATION IS PAID BY WAKE FOREST UNIVERSITY, A RELATED ORGANIZATION. |
| IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART I, LINES 4A-B |
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| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | THE SOLE MEMBER OF THE FILING ORGANIZATION IS WAKE FOREST UNIVERSITY HEALTH SCIENCES. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | THE MEMBERS OF THE BOARD OF DIRECTORS OF THE ORGANIZATION ARE APPOINTED BY THE GOVERNING BODY OF WAKE FOREST UNIVERSITY HEALTH SCIENCES OR BY A MEMBER OF THE GOVERNING BODY OR BY AN OFFICER OF WAKE FOREST UNIVERSITY HEALTH SCIENCES ACTING IN HIS/HER OFFICIAL CAPACITY, IN ACCORDANCE WITH PROCEDURES PRESCRIBED BY THE BOARD OF DIRECTORS OF WAKE FOREST UNIVERSITY HEALTH SCIENCES. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | DECISIONS OF THE ORGANIZATION'S GOVERNING BODY WHICH REQUIRE APPROVAL BY THE PARENT ORGANIZATION, WAKE FOREST UNIVERSITY HEALTH SCIENCES, INCLUDE AMENDMENTS TO THE ORGANIZATION'S GOVERNANCE DOCUMENTS (ARTICLES OF INCORPORATION AND BYLAWS), AND THE ELECTION AND REMOVAL OF DIRECTORS (ALTHOUGH PER AN AMENDMENT TO THE PARENT ORGANIZATION'S BYLAWS IN 2010, THE CEO OF THE PARENT ORGANIZATION MAY ACT FOR THE PARENT'S BOARD IN SUCH MATTERS). |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | THE FILING ORGANIZATION'S BOARD OF DIRECTORS RECEIVES A COPY OF THE FORM 990 WITH SUFFICIENT TIME TO PERMIT REVIEW, COMMENT, AND QUESTIONS PRIOR TO ITS FILING. IF MODIFICATIONS ARE REQUIRED FOLLOWING SUCH REVIEW AND COMMENT, THE REVISED FORM 990 IS REDISTRIBUTED PRIOR TO ITS FILING WITH THE IRS, ALONG WITH A REPORT NOTING THE MODIFICATIONS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | THE ORGANIZATION REQUIRES ITS OFFICERS AND DIRECTORS TO DISCLOSE CONFLICTS OF INTEREST ANNUALLY, AND AS THEY ARISE. ANY ITEMS DISCLOSED ARE REVIEWED AND MANAGED IN ACCORDANCE WITH THE ORGANIZATION'S POLICY ON CONFLICTS OF INTEREST. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | THE ORGANIZATION PAYS NO COMPENSATION TO OFFICERS OR DIRECTORS; AS THE ORGANIZATION HAS NO EMPLOYEES, ALL COMPENSATION PAID TO OFFICERS AND DIRECTORS WAS PAID BY A RELATED ORGANIZATION. THE RELATED ORGANIZATION'S EXECUTIVE COMMITTEE OR COMPENSATION COMMITTEE OF ITS BOARD OF DIRECTORS, OR THE GOVERNANCE & COMPENSATION COMMITTEE OF THE WAKE FOREST UNIVERSITY BAPTIST MEDICAL CENTER BOARD (THROUGH AUTHORITY DELEGATED TO IT BY WAKE FOREST UNIVERSITY HEALTH SCIENCES - THE PARENT OF THE FILING ORGANIZATION) IS RESPONSIBLE FOR REVIEWING AND APPROVING MOST OFFICERS AND DIRECTORS' COMPENSATION. THE COMMITTEE UTILIZES INDEPENDENT COMPENSATION CONSULTANTS, COMPENSATION SURVEYS AND STUDIES TO DETERMINE THE APPROPRIATENESS OF EACH SUCH OFFICER'S COMPENSATION. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | 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. THE CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC ON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | J. REID MORGAN FILING ORG 0.5 RELATED ORG 33.5 UNRELATED ORG 6.0 NATHAN O. HATCH, PHD FILING ORG 0.2 RELATED ORG 34.0 UNRELATED ORG 5.8 TERRY L. HALES, JR. FILING ORG 2.0 RELATED ORG 38.0 ANITA M. CONRAD FILING ORG 1.0 RELATED ORG 36.0 UNRELATED ORG 3.0 J. MCLAIN WALLACE, JR. FILING ORG 0.5 RELATED ORG 3.3 UNRELATED ORG 36.2 NORTH CAROLINA BAPTIST HOSPITAL ("NCBH") AND WAKE FOREST UNIVERSITY BAPTIST MEDICAL CENTER ("WFUBMC") ARE UNRELATED ORGANIZATIONS TO THE FILING ORGANIZATION. PURSUANT TO THE TERMS OF THE "MEDICAL CENTER INTEGRATION AGREEMENT" (AN AGREEMENT ENTERED INTO IN 2010 AMONG FOUR PARTIES: WAKE FOREST UNIVERSITY, WAKE FOREST UNIVERSITY HEALTH SCIENCES (BOTH RELATED ORGANIZATIONS OF THE FILING ORGANIZATION), WAKE FOREST UNIVERSITY BAPTIST MEDICAL CENTER AND NORTH CAROLINA BAPTIST HOSPITAL (BOTH UNRELATED TO THE FILING ORGANIZATION), UNDER WHICH AGREEMENT THE OPERATION OF WFUHS AND NCBH, AND ALL OF THE RESPECTIVE SUBSIDIARIES OF EACH, WAS DELEGATED TO WFUBMC), THE CORPORATE OFFICERS OF WFUBMC GENERALLY SERVE ALSO AS THE CORPORATE OFFICERS OF WFUHS AND NCBH. THUS, CERTAIN OFFICERS OF THE FILING ORGANIZATION ALSO DEVOTE HOURS TO THE RELATED ORGANIZATIONS, AS WELL AS TO THE UNRELATED ORGANIZATIONS (WFUBMC AND NCBH), AS SHOWN IN THE BREAKDOWN OF HOURS ABOVE. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 8 | CONSULTANTS: PROGRAM SERVICE EXPENSES 183,614. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 183,614. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART VI, SECTION A, LINE 6 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION A, LINE 7A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION A, LINE 7B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART VI, SECTION B, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PART VI, SECTION B, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PART VI, SECTION B, LINE 15 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | PART VII, SECTION A, COLUMN B, HOURS |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 8 | FORM 990, PART IX, LINE 11G |
| IRS990ScheduleR/AssetExchangeInd | 0 | 0 |
| IRS990ScheduleR/AssetPurchaseFromOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/AssetSaleToOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/DivRelatedOrganizationInd | 0 | 0 |
| IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd | 0 | 0 |
| IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd | 0 | 0 |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd | 0 | 0 |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd | 0 | N/A |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN | 0 | 471128865 |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt | 0 | C |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2020 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $361,624
- Liabilities
- $14,655,772
- Net assets
- -$14,294,148
- Revenue
- $0
- Expenses
- $1,678,229
- Net income
- -$1,678,229