Civic Intelligence

Wake Forest University Foundation

990T • Fiscal year 2021 • EIN 56-2038193

Jul 01, 2020 to Jun 30, 2021 • Filed on Aug 26, 2022

PO Box 7201WinstonSalem, NC 27109

(336) 758-5233

Siviq Scores

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Balance Sheet

Assets

-

No earlier filing loaded for comparison.

Net Assets

-

No earlier filing loaded for comparison.

Liabilities

-

No earlier filing loaded for comparison.

Revenue And Expenses

Revenue

-

No earlier filing loaded for comparison.

Expenses

-

No earlier filing loaded for comparison.

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

Latest loaded filing

2024

Assets$5,869,353
Liabilities$73,859
Net Assets$5,795,494

Operations Trend

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

Latest loaded filing

2024

Revenue$156,092
Expenses$284,826
Net Income-$128,734
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Aug 26, 2022
Return Version
2020v1.0
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.

Filing and Contact Details

Filer

Filer Name
Wake Forest University Foundation
EIN
56-2038193
Phone
3367585233
Address
PO Box 7201, WinstonSalem, NC 27109

Signing Officer

Name
B Hofler Milam
Title
VP & Treasurer
Signed
2022-08-26
Raw XML Appendix83 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.

Path#Value
IRS4562/BusinessOrActivityTxt0Rental activity - Mini Storage Rental
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IRS4562/TotalDepreciationAmt016059
IRS990T/BooksInCareOfDetail/PersonNm0Marnie S Matthews
IRS990T/BooksInCareOfDetail/PhoneNum03367585233
IRS990T/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO Box 7201
IRS990T/BooksInCareOfDetail/USAddress/CityNm0WinstonSalem
IRS990T/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990T/BooksInCareOfDetail/USAddress/ZIPCd027109
IRS990T/BookValueAssetsEOYAmt09025553
IRS990T/ChangeInMethodOfAccountingInd0false
IRS990T/ForeignAccountsQuestionInd0false
IRS990T/ForeignTrustQuestionInd0false
IRS990T/Form990TScheduleAAttachedCnt01
IRS990T/ItmzdSupplementalInfoGrp/ExplanationTxt0Wake Forest University Foundation received Letter Number: LTR2696C dated June 16, 2022 for the tax period 202106. Our software was unable to e-file the return on May 16, 2022. Therefore, we mailed the return certified receipt to make sure it was timely filed on the extended due date. The paper filed Form 990-T was returned to us with the IRS Notice. The notice indicated that the 990-T needed to be filed electronically. We had to obtain software that could perform this function. We sincerely apologize for the inconvenience and respectfully request abatement of any associated penalties and interest.
IRS990T/ItmzdSupplementalInfoGrp/LineNum0Explanation
IRS990T/ItmzdSupplementalInfoGrp/PartNum0E-Filing
IRS990T/NetOperatingLossDeductionAmt04609
IRS990T/Organization501cCorporationInd0X
IRS990T/Organization501IndicatorGrp/Organization501cTypeTxt0c3
IRS990T/Organization501IndicatorGrp/Organization501Ind0X
IRS990T/OverpaymentSection/AppliedToESTaxAmt01524
IRS990T/OverpaymentSection/OverpaymentAmt01524
IRS990T/ParentCorporationEIN0560532138
IRS990T/ParentCorporationName/BusinessNameLine1Txt0WAKE FOREST UNIVERSITY
IRS990T/PriorYearOverpaymentCreditAmt01760
IRS990T/PrntCorporationNameControlTxt0WAKE
IRS990TScheduleA/NetOperatingLossDeductionAmt019050
IRS990TScheduleA/NetRentIncomeAmt025782
IRS990TScheduleA/PrincipalBusinessActivityCd0493000
IRS990TScheduleA/RentIncomePropertyGrp/DeductionsConnectedRentIncmAmt0134113
IRS990TScheduleA/RentIncomePropertyGrp/RentRealPersonalPropertyAmt0159895
IRS990TScheduleA/RentIncomePropertyGrp/TotalRentsByPropertyAmt0159895
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IRS990TScheduleA/RentIncomePropertyGrp/USAddress/CityNm0WinstonSalem
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IRS990TScheduleA/UBIBeforeNOLDedAmt025782
IRS990TScheduleA/UnrelatedBusinessTaxblIncmAmt06732
IRS990T/SpecificDeductionAmt01000
IRS990T/SubsidiaryCorporationInd0true
IRS990T/TaxableCorporationAmt0236
IRS990T/TaxExemptInterestAmt00
IRS990T/TaxLessCreditsAmt0236
IRS990T/TotalDeductionAmt01000
IRS990T/TotalPaymentsAmt01760
IRS990T/TotalTaxAmt0236
IRS990T/TotalTaxComputationAmt0236
IRS990T/TotalUBTIAmt01123
IRS990T/TotalUBTIBeforeNOLSpecificAmt06732
IRS990T/TotalUBTIBeforeSection199AAmt02123
IRS990T/TotalUBTIComputedAmt06732
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0B Hofler Milam
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VP & Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-08-26
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Wake Forest University Foundation
ReturnHeader/Filer/BusinessNameControlTxt0WAKE
ReturnHeader/Filer/EIN0562038193
ReturnHeader/Filer/PhoneNum03367585233
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 7201
ReturnHeader/Filer/USAddress/CityNm0WinstonSalem
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd027109
ReturnHeader/ReturnTs02022-08-26T08:48:03-07:00
ReturnHeader/ReturnTypeCd0990T
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0B Hofler
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Milam
ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

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
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.
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