Civic Intelligence

Wake Forest University Development

EIN 56-2038194 • 501(c)3 • Winstonsalem, NC

Profile

The organization operates as a supporting organization exclusively for the benefit of Wake Forest University ("WFU"), Wake Forest University Health Sciences ("WFUHS"), and Reynolda House, Inc. ("RH"), each of which supported organizations are 501 (c)(3) organizations. The organization's purposes include: (1) serving as the recipient of properties contributed to the supported organizations to be held temporarily; (2) managing short-term contributed properties; (3) determining whether and when prospective contributions of real or personal property should be accepted, retained, liquidated or transferred; (4) obtaining, acquiring, receiving, constructing, erecting or improving properties to which the organization holds title; holding, retaining, leasing, managing, selling, disposing of, or assigning the income from and/or rights in or to real and personal property; and (5) establishing subsidiary organizations or entities.

1834 Wake Forest Road Box 7201Winstonsalem, NC 27109

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

95th percentile

1.35x

Higher debt load relative to assets than 95% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2024

Net Margin

100th percentile

1013%

Higher net margin than 100% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

14th percentile

-64%

Faster asset growth than 14% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2023 to 2024

Assets

Down

$77,144

Down $138,567 (-64%) from 2023

Liabilities

Down

$104,063

Down $410 (-0.4%) from 2023

Net Assets

Down

-$26,919

Down $138,157 (-124%) from 2023

Revenue

Down

-$13,634

Down $13,634 from 2023

Expenses

Up

$124,523

Up $116,081 (+1375%) from 2023

Net Income

Down

-$138,157

Down $129,715 (-1537%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0-$2.0MAssets 2010: $3,247,097Liabilities 2010: $40,025Net Assets 2010: $3,207,0722010Assets 2011: $3,018,253Liabilities 2011: $71,620Net Assets 2011: $2,946,6332011Assets 2012: $2,825,289Liabilities 2012: $87,084Net Assets 2012: $2,738,2052012Assets 2013: $4,305,537Liabilities 2013: $204,747Net Assets 2013: $4,100,7902013Assets 2014: $2,136,258Liabilities 2014: $171,641Net Assets 2014: $1,964,6172014Assets 2015: $2,379,233Liabilities 2015: $96,257Net Assets 2015: $2,282,9762015Assets 2016: $844,856Liabilities 2016: $100,906Net Assets 2016: $743,9502016Assets 2017: $555,804Liabilities 2017: $99,924Net Assets 2017: $455,8802017Assets 2018: $705,527Liabilities 2018: $124,989Net Assets 2018: $580,5382018Assets 2019: $386,472Liabilities 2019: $126,587Net Assets 2019: $259,8852019Assets 2020: $310,327Liabilities 2020: $128,963Net Assets 2020: $181,3642020Assets 2021: $246,438Liabilities 2021: $131,345Net Assets 2021: $115,0932021Assets 2022: $223,333Liabilities 2022: $103,652Net Assets 2022: $119,6812022Assets 2023: $215,711Liabilities 2023: $104,473Net Assets 2023: $111,2382023Assets 2024: $77,144Liabilities 2024: $104,063Net Assets 2024: -$26,9192024

Highlighted filing

2024

Assets$77,144
Liabilities$104,063
Net Assets-$26,919

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$0-$2.0M-$4.0MExpenses 2010: $7,1782010Expenses 2011: $94,0452011Expenses 2012: $386,5642012Expenses 2013: $89,3362013Revenue 2014: -$740,807Expenses 2014: $1,002,575Net Income 2014: -$1,743,3822014Revenue 2015: $684,775Expenses 2015: $266,416Net Income 2015: $418,3592015Revenue 2016: -$1,878,790Expenses 2016: $1,712,548Net Income 2016: -$3,591,3382016Revenue 2017: $267,759Expenses 2017: $634,545Net Income 2017: -$366,7862017Revenue 2018: $262,511Expenses 2018: $154,929Net Income 2018: $107,5822018Revenue 2019: $9,421Expenses 2019: $366,658Net Income 2019: -$357,2372019Revenue 2020: -$73,169Expenses 2020: $17,692Net Income 2020: -$90,8612020Revenue 2021: -$10,305Expenses 2021: $63,035Net Income 2021: -$73,3402021Revenue 2022: -$337,944Expenses 2022: $177,688Net Income 2022: -$515,6322022Revenue 2023: $0Expenses 2023: $8,442Net Income 2023: -$8,4422023Revenue 2024: -$13,634Expenses 2024: $124,523Net Income 2024: -$138,1572024

Highlighted filing

2024

Revenue-$13,634
Expenses$124,523
Net Income-$138,157

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.08$0.10$0.03$0.01$0.12$0.14
2023Detailed filing. Detailed filing data is available for this year.$0.22$0.10$0.11$0.00$0.01$0.01
2022Detailed filing. Detailed filing data is available for this year.$0.22$0.10$0.12$0.34$0.18$0.52
2021Detailed filing. Detailed filing data is available for this year.$0.25$0.13$0.12$0.01$0.06$0.07
2020Detailed filing. Detailed filing data is available for this year.$0.31$0.13$0.18$0.07$0.02$0.09
2019Detailed filing. Detailed filing data is available for this year.$0.39$0.13$0.26$0.01$0.37$0.36
2018Detailed filing. Detailed filing data is available for this year.$0.71$0.12$0.58$0.26$0.15$0.11
2017Detailed filing. Detailed filing data is available for this year.$0.56$0.10$0.46$0.27$0.63$0.37
2016Detailed filing. Detailed filing data is available for this year.$0.84$0.10$0.74$1.88$1.71$3.59
2015Detailed filing. Detailed filing data is available for this year.$2.38$0.10$2.28$0.68$0.27$0.42
2014Detailed filing. Detailed filing data is available for this year.$2.14$0.17$1.96$0.74$1.00$1.74
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.31$0.20$4.10$0.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.83$0.09$2.74$0.39
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.02$0.07$2.95$0.09
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.25$0.04$3.21$0.01
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 12, 2025
Return Version
2023v6.0
Gross Receipts
$124,523
Mission and Program Overview

Mission

The organization operates as a supporting organization exclusively for the benefitof Wake Forest University ("WFU") and its wholly-controlled supporting organization,Wake Forest University Foundation ("WFUF"), each of which supported organizationsare 501 (c)(3) organizations. The organization's purposes include: (1) serving asthe recipient of properties contributed to the supported organizations (or theiraffiliate, Wake Forest University Health Sciences), to be held temporarily; (2)managing short-term contributed properties; (3) determining whether and whenprospective contributions of real or personal property should be accepted, retained,liquidated or transferred; (4) obtaining, acquiring, receiving, constructing,erecting or improving properties to which the organization holds title; holding,retaining, leasing, managing, selling, disposing of, or assigning the income fromand/or rights in or to real and personal property; and (5) establishing subsidiaryorganizations or entities.

The organization operates as a supporting organization exclusively for the benefit of Wake Forest University, Wake Forest University Health Sciences, and Reynolda House, Inc., by holding, maintaining and selling real and personal property that has been donated for the benefit of one or more of the supported entities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$144,000--
Cash and Non-Interest-Bearing Accounts$71,711$77,144▲ $5,433
Total Assets$215,711$77,144▼ $138,567
Liabilities
Other Liabilities$104,064$104,063▼ $1
Accounts Payable and Accrued Expenses$409$0▼ $409
Total Liabilities$104,473$104,063▼ $410
Net Assets / Fund Balance
Net Assets With Donor Restrictions$134,887$0▼ $134,887
Net Assets Without Donor Restrictions$-23,649$-26,919▼ $3,270
Total Net Assets Fund Balance$111,238$-26,919▼ $138,157
Total Liabilities and Net Assets / Fund Balance$215,711$77,144▼ $138,567
Compensation and Service Providers

Employees

NameTitleOtherTotal
Anita M ConradAssistant Secretary-retired 10/31/23)$261,900$261,900

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$-13,634
Other Revenue
$0
Change in Net Assets
$-138,157

Audited Revenue Reconciliation

Revenue per Audited Statements
$-13,634
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$20,891
Total Revenue per Audited Statements
$7,257
Total Revenue per Form 990
$-13,634
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$124,523
Other Expenses$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$124,523--$124,523
Total Functional Expenses$124,523$0$0$124,523

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$145,414
Expenses per Audited Statements$124,523
Total Expenses per Form 990$124,523
Expenses Not Reported on Form 990$20,891
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Wake Forest UniversityWinstonSalem, NC501(c)(3)To benefit teaching and learning at Wake Forest University$124,523
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Wake Forest University$104,063
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
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, Section A, line 7A

Line 7a explanation - The filing organization's governing body is elected by the governing body of the filing organization's "parent," Wake Forest University.

Form 990, Part VI, Section B, line 11B

Line 11b Explanation - 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, Section B, line 12C

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, Section B, line 15

The filing organization has no employees, but officers and key employees who receive compensation for full-time employment from the related organization, Wake Forest University, have review and approval performed in that entity. 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, Section C, line 19

The organization's Restated 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 upon request. The organization is included in the consolidated financial statements of Wake Forest University, one of the organizations that it supports; these consolidated statements are available to the public on the University's website.

Form 990 Part VII

Hours Allocated to This and Other Related and Affiliated Organizations: J. Reid Morgan Filing Organization: 0.3 hours Related Organizations: 33.7 hours Affiliated Orgs: 6.0 hours Susan R. Wente, Ph.D. Filing Organization: 0.3 hours Related Organizations: 34.2 hours Affiliated Orgs: 5.5 hours Jacqueline A. Travisano, Ed.D. Filing Organization: 0.3 hours Related Organizations: 39.7 hours Affiliated Orgs: 0.0 hours Anita Conrad Filing Organization: 0.5 hours Related Organizations: 36.5 hours Affiliated Orgs: 3.0 hours

Filing and Contact Details

Filer

Filer Name
Wake Forest University Development
EIN
56-2038194
Phone
3367585233
Address
1834 WAKE FOREST ROAD BOX 7201, WINSTONSALEM, NC 27109

Signing Officer

Name
Jacqueline A Travisano EdD
Title
CFO/evp/treasurer
Phone
3367585233
Signed
2025-05-12
Discuss with paid preparer
No

Organization Details

Principal Officer
Susan R Wente PhD
Formed
1996
Legal Domicile
Nc
Voting Board Members
13
Independent Board Members
13
Employees
0
Volunteers
13
Supplemental Narrative

Financial Statement Notes

Part X, Line 2:

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. 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, 2021 remain subject to examination by federal and state tax authorities. The University has evaluated uncertain tax positions for the year ended June 30, 2024, 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 year ended June 30, 2024.

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IRS990/Form990PartVIISectionAGrp/PersonNm1Robert J McCreary
IRS990/Form990PartVIISectionAGrp/PersonNm2Lynn C Baranski
IRS990/Form990PartVIISectionAGrp/PersonNm3Frederick W Eubank II
IRS990/Form990PartVIISectionAGrp/PersonNm4Peter C Brockway
IRS990/Form990PartVIISectionAGrp/PersonNm5Frank B Holding Jr
IRS990/Form990PartVIISectionAGrp/PersonNm6Mary Torbet Hays
IRS990/Form990PartVIISectionAGrp/PersonNm7Aubrey L Martin
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IRS990/Form990PartVIISectionAGrp/PersonNm12David I Wahrhaftig
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IRS990/Form990PartVIISectionAGrp/PersonNm14Jacqueline A Travisano EdD
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt131473696
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt14664837
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt15690571
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt16218902
IRS990/Form990PartVIISectionAGrp/TitleTxt0Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt2Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt3Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt4Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt5Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt6Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt7Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt8Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt9Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt10Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt11Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt12Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt13President
IRS990/Form990PartVIISectionAGrp/TitleTxt14Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt15Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt16Assistant Secretary-retired 10/31/23)
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01996
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0-13634
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt013
IRS990/GrantAmt0124523
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0124523
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0124523
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt0124523
IRS990/GrossReceiptsAmt0124523
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt013
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt0144000
IRS990/IRPDocumentCnt02
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0NC
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt0138157
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0The organization operates as a supporting organization exclusively for the benefit of Wake Forest University ("WFU"), Wake Forest University Health Sciences ("WFUHS"), and Reynolda House, Inc. ("RH"), each of which supported organizations are 501 (c)(3) organizations. The organization's purposes include: (1) serving as the recipient of properties contributed to the supported organizations to be held temporarily; (2) managing short-term contributed properties; (3) determining whether and when prospective contributions of real or personal property should be accepted, retained, liquidated or transferred; (4) obtaining, acquiring, receiving, constructing, erecting or improving properties to which the organization holds title; holding, retaining, leasing, managing, selling, 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/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0111238
IRS990/NetAssetsOrFundBalancesEOYAmt0-26919
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-13634
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-13634
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-23649
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-26919
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherLiabilitiesGrp/BOYAmt0104064
IRS990/OtherLiabilitiesGrp/EOYAmt0104063
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0Susan R Wente PhD
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt08442
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-8442
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt08442
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt00
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-138157
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt03
IRS990ScheduleA/SupportedOrganizationsTotalCnt03
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0560532138
IRS990ScheduleA/SupportedOrgInformationGrp/EIN1560810676
IRS990ScheduleA/SupportedOrgInformationGrp/EIN2223849199
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd11
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd21
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd17
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd22
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt10
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt20
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0124523
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt10
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt20
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0Wake Forest University
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt1Reynolda House Inc
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt2WFU Health Sciences
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt0124523
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt020891
IRS990ScheduleD/DonatedServicesUseFcltsAmt020891
IRS990ScheduleD/ExpensesNotReportedAmt020891
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0124523
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0104063
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Due to Wake Forest University
IRS990ScheduleD/RevenueNotReportedAmt020891
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0-13634
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. 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, 2021 remain subject to examination by federal and state tax authorities. The University has evaluated uncertain tax positions for the year ended June 30, 2024, 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 year ended June 30, 2024.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0124523
IRS990ScheduleD/TotalLiabilityAmt0104063
IRS990ScheduleD/TotalRevenuePerForm990Amt0-13634
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt07257
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0145414
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0124523
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0To benefit teaching and learning at Wake Forest University
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Wake Forest University
IRS990ScheduleI/RecipientTable/RecipientEIN0560532138
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0PO Box 7201
IRS990ScheduleI/RecipientTable/USAddress/CityNm0WinstonSalem
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NC
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd027109
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0Wake Forest University Development Foundation provides cash program support to Wake Forest University, WFU Health Sciences, and Reynolda House, its supported organizations. The organization provides funds to the organization designated by the donor. The supported organizations are all institutions with their own sets of policies and procedures for monitoring the use of grant funds. Therefore, Wake Forest University Development Foundation does not subsequently monitor the use of its grants.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt0358750
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt148000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt2273411
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt01041165
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1462733
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt2385181
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt3218267
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt1112500
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10

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