Wake Forest Innovation Quarter CDC

“The filing organization's bylaws were amended effective july 1, 2021 to change the filing organization's fiscal year from one ending june 30 to one ending december 31.”

“Wake forest university health sciences is the sole member of the filing organization.”

“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 their official capacity, in accordance with procedures prescribed by the board of directors of wake forest university health sciences.”

“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.”

“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.”

“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.”

“The organization pays no compensation to officers or directors; as the organization has no employees, it does not pay any compensation to any key employees. All compensation paid to filing organization officers was paid by related organizations as employees of such related organizations. The senior executive compensation committee of the wake forest university baptist medical center ("wfubmc") board (acting, pursuant to a delegation, on behalf of related organization wake forest university health sciences ("wfuhs"), the sole member of the filing organization with respect to the current filing organization officer employed by wfuhs) is responsible for reviewing and approving such current filing organization officer's compensation as a wfuhs employee. The other filing organization officers/director are compensated by related organization wake forest university (the parent of wfuhs); the compensation of most of those individuals is reviewed and approved in accordance with that related organization's similar procedures calling for compensation committee review and approval of certain wfu executives. Both committees use independent compensation consultants, compensation surveys, and studies to determine the appropriateness of each such individual's compensation.”

“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.”

“J. Reid morgan filing org 2.0 related org 29.0 unrelated org 9.0 terry l. Hales, jr. Filing org 2.0 related org 38.0 anita m. Conrad filing org 2.0 related org 34.0 unrelated org 4.0 j. Mclain wallace, jr. Filing org 2.0 related org 7.7 unrelated org 30.3 allen joines filing org 1.0 c. Douglas maynard, md filing org 1.0 related org 39.0 susan r. Wente, phd filing org 1.0 related org 32.5 unrelated org 6.5 a medical center integration agreement ("mcia") was originally entered into in 2010 among four parties: wake forest university ("wfu"), wake forest university health sciences ("wfuhs"), wake forest university baptist medical center ("wfubmc"), and north carolina baptist hospital ("ncbh"). Pursuant to the terms of the original mcia, the operation of wfuhs and ncbh, and all of the respective subsidiaries of each, is delegated to wfubmc. Additionally, the corporate officers of wfubmc generally serve as the corporate officers of wfuhs and ncbh. The mcia was revised and restated in 2020 to delegate oversight and management authority over wfubmc to atrium health, inc. ("ahi"). Certain directors and/or corporate officers of wfuhs, ncbh, & wfubmc also serve as directors or corporate officers of ahi. Wfu and wfuhs are organizations related to the filing organization. Ncbh, wfubmc, and ahi are organizations unrelated to the filing organization. Thus, certain directors and officers of the filing organization devote hours to related organizations (wfu & wfuhs) and unrelated organizations (wfubmc, ncbh, and ahi) as shown in the breakdown of hours above.”