Civic Intelligence

Wake Forest University Foundation

990 • Fiscal year 2016 • EIN 56-2038193

Jul 01, 2015 to Jun 30, 2016 • Filed on May 12, 2017

Organization ProfileN/A
PO Box 7201WinstonSalem, NC 27109

(336) 758-3760

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

47th percentile

0.28x

Higher debt load relative to assets than 47% of similar nonprofits.

2016 filings • NTEE B • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

100th percentile

147.32x

Higher debt load relative to revenue than 100% of similar nonprofits.

2016 filings • NTEE B • $10M-$25M nonprofits • Source year 2016

Net Margin

1st percentile

-1807%

Higher net margin than 1% of similar nonprofits.

2016 filings • NTEE B • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

100th percentile

$4,229,027

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 19983.1% of source-year revenue.

2016 filings • NTEE B • $10M-$25M nonprofits • Source year 2016

Asset Growth

34th percentile

-0.9%

Faster asset growth than 34% of similar nonprofits.

2016 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

17th percentile

-13%

Faster revenue growth than 17% of similar nonprofits.

2016 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets47th percentile

Assets

Down

$11,035,532

Down $104,215 (-0.9%) from 2015

Net Assets

Down

$7,917,829

Down $288,425 (-3.5%) from 2015

Liabilities

Up

$3,117,703

Up $184,210 (+6.3%) from 2015

Revenue And Expenses
Liabilities / Revenue100th percentileNet Margin1st percentile

Revenue

Down

$21,163

Down $3,154 (-13%) from 2015

Expenses

Up

$403,670

Up $79,291 (+24%) from 2015

Net Income

Down

-$382,507

Down $82,445 (-27%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth34th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2010: $14,876,580Liabilities 2010: $825,017Net Assets 2010: $14,051,5632010Assets 2011: $11,680,835Liabilities 2011: $2,082,798Net Assets 2011: $9,598,0372011Assets 2012: $11,530,955Liabilities 2012: $2,314,107Net Assets 2012: $9,216,8482012Assets 2013: $11,347,440Liabilities 2013: $2,529,145Net Assets 2013: $8,818,2952013Assets 2014: $11,249,055Liabilities 2014: $2,745,979Net Assets 2014: $8,503,0762014Assets 2015: $11,139,747Liabilities 2015: $2,933,493Net Assets 2015: $8,206,2542015Assets 2016: $11,035,532Liabilities 2016: $3,117,703Net Assets 2016: $7,917,8292016Assets 2017: $10,937,973Liabilities 2017: $3,305,379Net Assets 2017: $7,632,5942017Assets 2018: $10,806,166Liabilities 2018: $3,489,215Net Assets 2018: $7,316,9512018Assets 2019: $10,674,918Liabilities 2019: $3,686,718Net Assets 2019: $6,988,2002019Assets 2020: $9,248,798Liabilities 2020: $3,868,963Net Assets 2020: $5,379,8352020Assets 2021: $9,025,553Liabilities 2021: $4,088,182Net Assets 2021: $4,937,3712021Assets 2022: $7,089,565Liabilities 2022: $2,311,199Net Assets 2022: $4,778,3662022Assets 2023: $7,526,237Liabilities 2023: $2,479,913Net Assets 2023: $5,046,3242023Assets 2024: $5,869,353Liabilities 2024: $73,859Net Assets 2024: $5,795,4942024

Highlighted filing

2016

Assets$11,035,532
Liabilities$3,117,703
Net Assets$7,917,829
Open 2016 Filing

Operations Trend

Revenue Growth17th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $1,422,6052010Expenses 2011: $4,538,6502011Expenses 2012: $441,7602012Expenses 2013: $438,9882013Revenue 2014: $32,744Expenses 2014: $351,704Net Income 2014: -$318,9602014Revenue 2015: $24,317Expenses 2015: $324,379Net Income 2015: -$300,0622015Revenue 2016: $21,163Expenses 2016: $403,670Net Income 2016: -$382,5072016Revenue 2017: $23,522Expenses 2017: $413,275Net Income 2017: -$389,7532017Revenue 2018: $37,694Expenses 2018: $353,337Net Income 2018: -$315,6432018Revenue 2019: $13,664Expenses 2019: $339,782Net Income 2019: -$326,1182019Revenue 2020: $15,255Expenses 2020: $313,534Net Income 2020: -$298,2792020Revenue 2021: $25,782Expenses 2021: $265,063Net Income 2021: -$239,2812021Revenue 2022: $32,660Expenses 2022: $201,138Net Income 2022: -$168,4782022Revenue 2023: $165,184Expenses 2023: $259,187Net Income 2023: -$94,0032023Revenue 2024: $156,092Expenses 2024: $284,826Net Income 2024: -$128,7342024

Highlighted filing

2016

Revenue$21,163
Expenses$403,670
Net Income-$382,507
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
May 12, 2017
Return Version
2015v3.0
Gross Receipts
$163,843
Mission and Program Overview

Mission

The organization operates as a supporting organization exclusively for the benefit of Wake Forest University ("WFU"). Its objectives include: (1) serving as a holding and management company for long-term properties and endowments; (2) managing planned-giving properties and programs; (3) assisting in WFU development; (4) obtaining, acquiring, receiving, constructing, erecting or otherwise providing real and personal property; improving properties to which the organization holds title; and holding, retaining, leasing, licensing, renting, managing, investing, reinvesting, selling, or otherwise disposing of or assigning the income from and/or rights in or to real and personal property; and (5) establishing subsidiary organizations or entities.

The organization operates as a supporting organization of Wake Forest University. It holds, improves, leases and manages long-term properties and endowments and supports WFU through such activities conducted both by itself and through subsidiary organizations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$11,025,145$10,906,347▼ $118,798
Cash and Non-Interest-Bearing Accounts$105,880$114,041▲ $8,161
Accounts Receivable$8,055$14,694▲ $6,639
Inventories for Sale or Use$667$450▼ $217
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$11,139,747$11,035,532▼ $104,215
Other Assets Total-$0-
Liabilities
Other Liabilities$2,920,328$3,111,962▲ $191,634
Accounts Payable and Accrued Expenses$13,165$5,741▼ $7,424
Total Liabilities$2,933,493$3,117,703▲ $184,210
Net Assets / Fund Balance
Unrestricted Net Assets$8,206,254$7,917,829▼ $288,425
Total Net Assets Fund Balance$8,206,254$7,917,829▼ $288,425
Total Liabilities and Net Assets / Fund Balance$11,139,747$11,035,532▼ $104,215

Asset Categories

AssetBook ValueDepreciationBasis
Land$8,023,222-$8,023,222
Buildings$2,881,265$1,008,758$3,890,023
Equipment-$22,961$22,961
Other Land Buildings$1,860$7,440$9,300
Compensation and Service Providers
Top Officer Pay100th percentile

Board Members and Trustees

NameTitle
Eric W Eubank IIChair
Nathan O Hatch PhDPresident
Thomas W BunnVice Chair
Andrew J SchindlerTrustee
Curtis C FarmerTrustee
Diana M AdamsTrustee
Frank B Holding JrTrustee
H Lawrence Culp JrTrustee
James R Helvey IIITrustee
John K MedicaTrustee
Mitesh B ShahTrustee
Anita M ConradAsst. Secretary
J Reid MorganSecretary
B Hofler MilamVP & Treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
None---
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$19,847
Investment Income
$0
Other Revenue
$1,316
Change in Net Assets
$-382,507
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$403,670
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$107,075--$107,075
Fees for Services Management$77,619--$77,619
Advertising$28,959--$28,959
Insurance$3,845--$3,845
Office Expenses$2,828--$2,828
Fees for Services Other$1,797--$1,797
Other Expenses$191--$191
Total Functional Expenses$403,670$0$0$403,670
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Wake Forest University$3,100,633
Asset Retirement Obligation$6,378
Deferred Revenue$4,867
General Deposits$84
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

“Winston-Salem is a relatively small city, and some of the officers, key employees, and trustees of the filing organization (the "specified group") have routine business dealings with each other. These include the following: a University Trustee is a Director of Blue Cross Blue Shield of North Carolina, which company provides health insurance plans/services to the filing organization and possibly others in the specified group and their businesses; some trustees are members or employees of law firms that provide legal services to some of the specified group or to businesses owned or operated by members of the specified group and to the filing organization; some members of the specified group do business with a car dealership owned by a trustee; and some members of the specified group have banking relationships with banks in which trustees are executives; members of the specified group may also have common investments. As noted in the response to Part VI, Question 12, however, the filing organization has a written conflict of interest policy designed to ensure that none of these transactions adversely affect the filing organization.”

Form 990, Part VI, Line 4: Description of Significant Changes to Organizational Documents

“By action without meeting effective July 1, 2015, the filing organizations board amended its bylaws:to provide that its governing board, which board is appointed or elected by the governing board of its supported organization, Wake Forest University, will consist of the members of the Investment Committee of the governing board of Wake Forest University, and that the Chair and Vice Chair of the filing organizations board will be the same persons as hold the Chair and Vice Chair positions on the Wake Forest University Boards Investment Committee; andto permit the same certified public accountant which audits the books of the supported organization, Wake Forest University, to perform an annual audit or other sufficient review, as approved by the Board, of the filing organizations books of account.By further action, the filing organizations board approved the performance of an annual examination of the filing Organizations books of account, applying standard audit procedures, as a component of the annual audit of the supported organization, Wake Forest University (but without a standalone annual audit report for the filing Organization), as such sufficient review.”

Form 990, Part VI, Line 11B: Form 990 Review Process

“The organization sends a draft of the Form 990 to its Board of Trustees prior to its filing, allowing adequate time for follow-up questions and comments. The organization provides a copy of the Form 990 as finalized to all members of the Board of Trustees prior to filing it with the IRS.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“The organization requires officers and trustees to annually review the organization's Conflicts of Interest Policy and to disclose annually (and as they arise) any potential conflicts of interest. The policy provides a process for the determination of conflicts of interest and the resolution of potential and actual conflicts by the remaining independent Board members (or an independent third party appointed by the Chair, when appropriate).”

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

“The President(CEO)receives compensation for full-time employment with the related organization, Wake Forest University. Compensation review and approval are performed in that entity.”

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

“The filing organization has no employees, but officers receive compensation for employment with the related organization, Wake Forest University. Compensation review and approval are performed in that entity.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“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. The organization's conflicts of interest policy is available to the public on request. The organization is included in the consolidated financial statements of related organization, Wake Forest University, which are available to the public on the University's website: www.wfu.edu.”

Form 990 Part VII

“Hours Allocated to This and Other Related and Unrelated Organizations:Nathan O. Hatch, Ph.D.Filing Organization: 0.1 hoursRelated Organizations: 32.2 hoursUnrelated Organizations: 7.7 hoursJ. Reid MorganFiling Organization: 0.2 hoursRelated Organizations: 29.3 hoursUnrelated Organizations: 10.5 hoursB. Hofler MilamFiling Organization: 0.2 hours Related Organizations: 37.8 hoursUnrelated Organizations: 2.0 hours Anita ConradFiling Organization: 0.4 hoursRelated Organizations: 30.6 hours Unrelated Organizations: 9.0 hours”

Filing and Contact Details

Filer

Filer Name
Wake Forest University Foundation
EIN
56-2038193
Phone
3367583760
Address
PO Box 7201, WinstonSalem, NC 27109

Signing Officer

Name
B Hofler Milam
Title
VP & Treasurer
Signed
2017-05-12

Organization Details

Principal Officer
Nathan O Hatch PhD
Formed
1996
Legal Domicile
Nc
Voting Board Members
10
Independent Board Members
9
Employees
0
Volunteers
10
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Increases

“Allocated tax and financial services = $6928”

Other Changes In Net Assets Or Fund Balances - Other Increases

“Book/Tax differences-depreciation = $3850”

Form 990, Part XII, Line 2: Change of Oversight or Selection Process

“The filing organization is included with in the consolidated audit of the parent organization, Wake Forest University, and information concerning the filing organization is subject to review by the Audit and Compliance Committee of the Wake Forest University Board of Trustees.”

Financial Statement Notes

Part X : FIN48 Footnote

“The filing organization is not required to provide a FIN 48 Statement separate from its parent, Wake Forest University, with which it prepares a consolidated financial statement. There are no known FIN 48 disclosure items in the Foundation, and the footnote for income taxes is as follows:The Foundation is a tax exempt organization as described in Section 501(c)(3) of the Internal Revenue 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 accompanying financial statements.”

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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/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt103941320
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt11510246
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt12491537
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt13168791
IRS990/Form990PartVIISectionAGrp/TitleTxt0Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt1Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt2Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt3Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt4Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt5Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt6Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt7Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt8Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt9Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt10President
IRS990/Form990PartVIISectionAGrp/TitleTxt11Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt12VP & Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt13Asst. Secretary
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/Form990TFiledInd0true
IRS990/FormationYr01996
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt010
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0163843
IRS990/GrossRentsGrp/RealAmt0143996
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ProgramServicesAmt03845
IRS990/InsuranceGrp/TotalAmt03845
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/BOYAmt0667
IRS990/InventoriesForSaleOrUseGrp/EOYAmt0450
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt00
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt02
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01039159
IRS990/LandBldgEquipBasisNetGrp/BOYAmt011025145
IRS990/LandBldgEquipBasisNetGrp/EOYAmt010906347
IRS990/LandBldgEquipCostOrOtherBssAmt011945506
IRS990/LegalDomicileStateCd0NC
IRS990/LessRentalExpensesGrp/RealAmt0142680
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0The organization operates as a supporting organization exclusively for the benefit of Wake Forest University ("WFU"). Its objectives include: (1) serving as a holding and management company for long-term properties and endowments; (2) managing planned-giving properties and programs; (3) assisting in WFU development; (4) obtaining, acquiring, receiving, constructing, erecting or otherwise providing real and personal property; improving properties to which the organization holds title; and holding, retaining, leasing, licensing, renting, managing, investing, reinvesting, selling, or otherwise disposing of or assigning the income from and/or rights in or to real and personal property; and (5) establishing subsidiary organizations or entities.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt08206254
IRS990/NetAssetsOrFundBalancesEOYAmt07917829
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt01316
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt01316
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/ProgramServicesAmt02828
IRS990/OfficeExpensesGrp/TotalAmt02828
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt010778
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Property Taxes
IRS990/OtherExpensesGrp/Desc1Utilities
IRS990/OtherExpensesGrp/Desc2Repairs & Maintenance
IRS990/OtherExpensesGrp/Desc3Security camera charge
IRS990/OtherExpensesGrp/ProgramServicesAmt0120999
IRS990/OtherExpensesGrp/ProgramServicesAmt137036
IRS990/OtherExpensesGrp/ProgramServicesAmt223321
IRS990/OtherExpensesGrp/ProgramServicesAmt3191
IRS990/OtherExpensesGrp/TotalAmt0120999
IRS990/OtherExpensesGrp/TotalAmt137036
IRS990/OtherExpensesGrp/TotalAmt223321
IRS990/OtherExpensesGrp/TotalAmt3191
IRS990/OtherLiabilitiesGrp/BOYAmt02920328
IRS990/OtherLiabilitiesGrp/EOYAmt03111962
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Nathan O Hatch PhD
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531310
IRS990/ProgramServiceRevenueGrp/Desc0Property management
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt019847
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt019847
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0324379
IRS990/PYOtherRevenueAmt0-11117
IRS990/PYProgramServiceRevenueAmt035434
IRS990/PYRevenuesLessExpensesAmt0-300062
IRS990/PYTotalExpensesAmt0324379
IRS990/PYTotalRevenueAmt024317
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-382507
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt01316
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt021163
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd0true
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0560532138
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0true
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0Wake Forest University
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt02881265
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01008758
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03890023
IRS990ScheduleD/EquipmentGrp/DepreciationAmt022961
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt022961
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt08023222
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt08023222
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01860
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt07440
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt09300
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt06378
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt14867
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt23100633
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt384
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Asset Retirement Obligation
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Deferred Revenue
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Due to Wake Forest University
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3General Deposits
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The filing organization is not required to provide a FIN 48 Statement separate from its parent, Wake Forest University, with which it prepares a consolidated financial statement. There are no known FIN 48 disclosure items in the Foundation, and the footnote for income taxes is as follows:The Foundation is a tax exempt organization as described in Section 501(c)(3) of the Internal Revenue 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 accompanying financial statements.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt010906347
IRS990ScheduleD/TotalLiabilityAmt03111962
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$11,035,532
Liabilities
$3,117,703
Net assets
$7,917,829
Revenue
$21,163
Expenses
$403,670
Net income
-$382,507
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.87$0.07$5.80$0.16$0.28$0.13
2023Detailed filing. Detailed filing data is available for this year.$7.53$2.48$5.05$0.17$0.26$0.09
2022Detailed filing. Detailed filing data is available for this year.$7.09$2.31$4.78$0.03$0.20$0.17
2021Detailed filing. Detailed filing data is available for this year.$9.03$4.09$4.94$0.03$0.27$0.24
2020Detailed filing. Detailed filing data is available for this year.$9.25$3.87$5.38$0.02$0.31$0.30
2019Detailed filing. Detailed filing data is available for this year.$10.7$3.69$6.99$0.01$0.34$0.33
2018Detailed filing. Detailed filing data is available for this year.$10.8$3.49$7.32$0.04$0.35$0.32
2017Detailed filing. Detailed filing data is available for this year.$10.9$3.31$7.63$0.02$0.41$0.39
2016Detailed filing. Detailed filing data is available for this year.$11.0$3.12$7.92$0.02$0.40$0.38
2015Detailed filing. Detailed filing data is available for this year.$11.1$2.93$8.21$0.02$0.32$0.30
2014Detailed filing. Detailed filing data is available for this year.$11.2$2.75$8.50$0.03$0.35$0.32
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.3$2.53$8.82$0.44
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.5$2.31$9.22$0.44
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.7$2.08$9.60$4.54
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.9$0.83$14.1$1.42