Civic Intelligence

Wake Forest University Foundation

990 • Fiscal year 2018 • EIN 56-2038193

Jul 01, 2017 to Jun 30, 2018 • Filed on May 10, 2019

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

49th percentile

0.32x

Higher debt load relative to assets than 49% of similar nonprofits.

2018 filings • NTEE B • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

100th percentile

92.57x

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

2018 filings • NTEE B • $10M-$25M nonprofits • Source year 2018

Net Margin

1st percentile

-837%

Higher net margin than 1% of similar nonprofits.

2018 filings • NTEE B • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

99th percentile

$1,885,529

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 5002.2% of source-year revenue.

2018 filings • NTEE B • $10M-$25M nonprofits • Source year 2018

Asset Growth

31st percentile

-1.2%

Faster asset growth than 31% of similar nonprofits.

2018 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

91st percentile

60%

Faster revenue growth than 91% of similar nonprofits.

2018 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets49th percentile

Assets

Down

$10,806,166

Down $131,807 (-1.2%) from 2017

Net Assets

Down

$7,316,951

Down $315,643 (-4.1%) from 2017

Liabilities

Up

$3,489,215

Up $183,836 (+5.6%) from 2017

Revenue And Expenses
Liabilities / Revenue100th percentileNet Margin1st percentile

Revenue

Up

$37,694

Up $14,172 (+60%) from 2017

Expenses

Down

$353,337

Down $59,938 (-15%) from 2017

Net Income

Up

-$315,643

Up $74,110 (+19%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth31st 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

2018

Assets$10,806,166
Liabilities$3,489,215
Net Assets$7,316,951
Open 2018 Filing

Operations Trend

Revenue Growth91st 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

2018

Revenue$37,694
Expenses$353,337
Net Income-$315,643
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 10, 2019
Return Version
2017v2.2
Gross Receipts
$180,521
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$10,823,578$10,673,047▼ $150,531
Cash and Non-Interest-Bearing Accounts$108,279$125,999▲ $17,720
Accounts Receivable$5,685$6,159▲ $474
Inventories for Sale or Use$431$961▲ $530
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$10,937,973$10,806,166▼ $131,807
Other Assets Total-$0-
Liabilities
Other Liabilities$3,295,804$3,481,159▲ $185,355
Accounts Payable and Accrued Expenses$9,575$8,056▼ $1,519
Total Liabilities$3,305,379$3,489,215▲ $183,836
Net Assets / Fund Balance
Unrestricted Net Assets$7,632,594$7,316,951▼ $315,643
Total Net Assets Fund Balance$7,632,594$7,316,951▼ $315,643
Total Liabilities and Net Assets / Fund Balance$10,937,973$10,806,166▼ $131,807

Asset Categories

AssetBook ValueDepreciationBasis
Land$8,023,222-$8,023,222
Buildings$2,649,825$1,240,198$3,890,023
Equipment-$22,961$22,961
Other Land Buildings-$9,300$9,300
Compensation and Service Providers
Top Officer Pay99th percentile

Board Members and Trustees

NameTitle
Frank B Holding JrChair
Nathan O Hatch PhDPresident
Harold O RosserVice Chair
Diana M AdamsTrustee
H Lawrence Culp JrTrustee
John I Bitove JrTrustee
John K Medica dec 101317Trustee
John R LowdenTrustee
Mitesh B ShahTrustee
Ogden Phipps IITrustee
Shannan Spence TownsendTrustee
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
$33,311
Investment Income
$0
Other Revenue
$4,383
Change in Net Assets
$-315,643

Audited Revenue Reconciliation

Revenue per Audited Statements
$37,394
Revenue Not Reported on Financial Statements
$300
Revenue Not Reported on Form 990
$215,869
Other Revenue Adjustments
$300
Total Revenue per Audited Statements
$253,263
Total Revenue per Form 990
$37,694
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$353,337
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$101,076--$101,076
Other Expenses$6,742--$6,742
Insurance$4,211--$4,211
Fees for Services Other$2,580--$2,580
Fees for Services Management$2,370--$2,370
Office Expenses$2,170--$2,170
All Other Expenses$442--$442
Total Functional Expenses$353,337$0$0$353,337

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$568,906
Total Expenses per Form 990$353,337
Expenses per Audited Statements$353,037
Expenses Not Reported on Form 990$215,869
Expenses Not Reported on Financial Statements$300
Other Expense Adjustments$300
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$3,471,383
Asset Retirement Obligation$6,378
Deferred Revenue$3,398
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
No
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 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 Affiliated Organizations:J. Reid MorganFiling Organization: 0.2 hoursRelated Organizations: 38.7 hoursAffiliated Orgs: 1.1 hoursNathan O. Hatch, Ph.D.Filing Organization: 0.2 hoursRelated Organizations: 39.8 hoursB. Hofler MilamFiling Organization: 0.2 hours Related Organizations: 39.8 hoursAnita ConradFiling Organization: 0.4 hoursRelated Organizations: 39.6 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
2019-05-10

Organization Details

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

Additional Explanations

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

“The filing organization is included within 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. The footnote for income taxes from the consolidated financial statements of its parent, Wake Forest University, is as follows:The University is a tax-exempt organization as described in Section 501(c)(3) of the Internal Revenue Code (the Code) and is generally exempt from federal income taxes on related income pursuant to Section 501(a) of the Code. Accordingly, no provision for income taxes is made in the consolidated financial statements. If applicable, unrelated business income is reported by all member and subsidiary organizations on IRS Form 990-T. Fiscal years ending on or after June 30, 2015 remain subject to examination by federal and state tax authorities. The University has evaluated uncertain tax positions for the years ended June 30, 2018 and 2017, including a quantification of tax risks in areas such as unrelated business income and taxation of its for-profit subsidiaries. This evaluation did not identify any material items that affect the consolidated financial statements for the years ended June 30, 2018 and 2017.”

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

“Rental expense reclass $142827”

Part XI, Line 4B: Other revenue amounts included on 990 but not included in F/S

“Rental Income Reclass $300”

Part XII, Line 2D: Other expenses and losses per audited F/S

“Rental expense reclass $142827”

Part XII, Line 4B: Other revenue amounts included on 990 but not included in F/S

“Rental Income Reclass $300 $0 $0”

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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/PersonNm12B Hofler Milam
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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/ReportableCompFromRltdOrgAmt101405146
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt11528855
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt12654358
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt13184521
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
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IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0180521
IRS990/GrossRentsGrp/RealAmt0147210
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
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IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ProgramServicesAmt04211
IRS990/InsuranceGrp/TotalAmt04211
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/BOYAmt0431
IRS990/InventoriesForSaleOrUseGrp/EOYAmt0961
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt00
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01272459
IRS990/LandBldgEquipBasisNetGrp/BOYAmt010823578
IRS990/LandBldgEquipBasisNetGrp/EOYAmt010673047
IRS990/LandBldgEquipCostOrOtherBssAmt011945506
IRS990/LegalDomicileStateCd0NC
IRS990/LessRentalExpensesGrp/RealAmt0142827
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/NetAssetsOrFundBalancesBOYAmt07632594
IRS990/NetAssetsOrFundBalancesEOYAmt07316951
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt04383
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt04383
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/ProgramServicesAmt02170
IRS990/OfficeExpensesGrp/TotalAmt02170
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Property Taxes
IRS990/OtherExpensesGrp/Desc1Repairs & Maintenance
IRS990/OtherExpensesGrp/Desc2Utilities
IRS990/OtherExpensesGrp/Desc3Miscellaneous
IRS990/OtherExpensesGrp/ProgramServicesAmt0129822
IRS990/OtherExpensesGrp/ProgramServicesAmt153940
IRS990/OtherExpensesGrp/ProgramServicesAmt249984
IRS990/OtherExpensesGrp/ProgramServicesAmt36742
IRS990/OtherExpensesGrp/TotalAmt0129822
IRS990/OtherExpensesGrp/TotalAmt153940
IRS990/OtherExpensesGrp/TotalAmt249984
IRS990/OtherExpensesGrp/TotalAmt36742
IRS990/OtherLiabilitiesGrp/BOYAmt03295804
IRS990/OtherLiabilitiesGrp/EOYAmt03481159
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/RelatedOrExemptFuncIncomeAmt033311
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt033311
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0413275
IRS990/PYOtherRevenueAmt0809
IRS990/PYProgramServiceRevenueAmt022713
IRS990/PYRevenuesLessExpensesAmt0-389753
IRS990/PYTotalExpensesAmt0413275
IRS990/PYTotalRevenueAmt023522
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-315643
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt04383
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt033011
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/BookValueAmt02649825
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01240198
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03890023
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt073042
IRS990ScheduleD/DonatedServicesUseFcltsAmt073042
IRS990ScheduleD/EquipmentGrp/DepreciationAmt022961
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt022961
IRS990ScheduleD/ExpensesNotReportedAmt0215869
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0300
IRS990ScheduleD/ExpensesSubtotalAmt0353037
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt08023222
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt08023222
IRS990ScheduleD/OtherExpensesIncludedAmt0142827
IRS990ScheduleD/OtherExpensesNotIncludedAmt0300
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt09300
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt09300
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt06378
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt13398
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt23471383
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Asset Retirement Obligation
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Deferred Revenue
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Due to Wake Forest University
IRS990ScheduleD/OtherRevenueAmt0142827
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0300
IRS990ScheduleD/RevenueNotReportedAmt0215869
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0300
IRS990ScheduleD/RevenueSubtotalAmt037394
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. The footnote for income taxes from the consolidated financial statements of its parent, Wake Forest University, is as follows:The University is a tax-exempt organization as described in Section 501(c)(3) of the Internal Revenue Code (the Code) and is generally exempt from federal income taxes on related income pursuant to Section 501(a) of the Code. Accordingly, no provision for income taxes is made in the consolidated financial statements. If applicable, unrelated business income is reported by all member and subsidiary organizations on IRS Form 990-T. Fiscal years ending on or after June 30, 2015 remain subject to examination by federal and state tax authorities. The University has evaluated uncertain tax positions for the years ended June 30, 2018 and 2017, including a quantification of tax risks in areas such as unrelated business income and taxation of its for-profit subsidiaries. This evaluation did not identify any material items that affect the consolidated financial statements for the years ended June 30, 2018 and 2017.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Rental expense reclass $142827
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Rental Income Reclass $300
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3Rental expense reclass $142827

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$10,806,166
Liabilities
$3,489,215
Net assets
$7,316,951
Revenue
$37,694
Expenses
$353,337
Net income
-$315,643
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