Civic Intelligence

Wake Forest University Development Foundation

990 • Fiscal year 2019 • EIN 56-2038194

Jul 01, 2018 to Jun 30, 2019 • Filed on Jul 14, 2020

Pobox 7201WinstonSalem, NC 27109

(336) 758-5233

Siviq Scores

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

Liabilities / Assets

89th percentile

0.33x

Higher debt load relative to assets than 89% of similar nonprofits.

2019 filings • NTEE B • <$500k nonprofits • Source year 2019

Liabilities / Revenue

99th percentile

13.44x

Higher debt load relative to revenue than 99% of similar nonprofits.

2019 filings • NTEE B • <$500k nonprofits • Source year 2019

Net Margin

1st percentile

-3792%

Higher net margin than 1% of similar nonprofits.

2019 filings • NTEE B • <$500k nonprofits • Source year 2019

Top Officer Pay

100th percentile

$2,375,695

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 25217.0% of source-year revenue.

2019 filings • NTEE B • <$500k nonprofits • Source year 2019

Asset Growth

8th percentile

-45%

Faster asset growth than 8% of similar nonprofits.

2019 filings • NTEE B • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

2nd percentile

-96%

Faster revenue growth than 2% of similar nonprofits.

2019 filings • NTEE B • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Down

$386,472

Down $319,055 (-45%) from 2018

Net Assets

Down

$259,885

Down $320,653 (-55%) from 2018

Liabilities

Up

$126,587

Up $1,598 (+1.3%) from 2018

Revenue

Down

$9,421

Down $253,090 (-96%) from 2018

Expenses

Up

$366,658

Up $211,729 (+137%) from 2018

Net Income

Down

-$357,237

Down $464,819 (-432%) from 2018

Historical Trend

Balance Sheet Trend

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

$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

2019

Assets$386,472
Liabilities$126,587
Net Assets$259,885

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2019

Revenue$9,421
Expenses$366,658
Net Income-$357,237
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jul 14, 2020
Return Version
2018v3.1
Gross Receipts
$450,200
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$682,471$371,880▼ $310,591
Cash and Non-Interest-Bearing Accounts$23,056$13,009▼ $10,047
Accounts Receivable-$1,583-
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 in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$705,527$386,472▼ $319,055
Other Assets Total-$0-
Liabilities
Other Liabilities$124,989$126,587▲ $1,598
Total Liabilities$124,989$126,587▲ $1,598
Net Assets / Fund Balance
Temporarily Rstr Net Assets$174,642$238,272▲ $63,630
Permanently Rstr Net Assets$464,253$85,780▼ $378,473
Unrestricted Net Assets$-58,357$-64,167▼ $5,810
Total Net Assets Fund Balance$580,538$259,885▼ $320,653
Total Liabilities and Net Assets / Fund Balance$705,527$386,472▼ $319,055
Compensation and Service Providers

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
None---
Revenue and Support

Revenue Composition

Contributions and Grants
$70,700
Program Service Revenue
$0
Investment Income
$-61,279
Other Revenue
$0
All Other Contributions
$70,700
Change in Net Assets
$-357,237

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
Yes

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Real Estate Residential1$70,700Appraisal
Total Noncash Contributions1$70,700-

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,421
Revenue Not Reported on Form 990
$75,565
Total Revenue per Audited Statements
$84,986
Total Revenue per Form 990
$9,421
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$352,383
Other Expenses$14,275
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$352,383--$352,383
Fees for Services Management$4,871--$4,871
Other Expenses$1,470--$1,470
All Other Expenses$163--$163
Total Functional Expenses$366,658$0$0$366,658

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$405,639
Total Expenses per Form 990$366,658
Expenses per Audited Statements$354,061
Expenses Not Reported on Form 990$51,578
Expenses Not Reported on Financial Statements$12,597
Other Expense Adjustments$12,597
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Wake Forest UniversityWinstonSalem, NC501(c)(3)Scholarships and Program Support$352,383
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$103,653
Due to WFU Health Sciences$22,384
Accounts Payable$550
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 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.

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

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 MorganFiling Organization: 0.3 hoursRelated Organizations: 32.7 hoursAffiliated Orgs: 7.0 hoursNathan O. Hatch, Ph.D.Filing Organization: 0.3 hoursRelated Organizations: 33.9 hoursAffiliated Orgs: 5.8 hoursB. Hofler MilamFiling Organization: 0.3 hours Related Organizations: 39.7 hoursAnita ConradFiling Organization: 0.5 hoursRelated Organizations: 36.5 hoursAffiliated Orgs: 3.0 hours

Filing and Contact Details

Filer

Filer Name
Wake Forest University Development Fndtn
EIN
56-2038194
Phone
3367585233
Address
POBOX 7201, WinstonSalem, NC 27109

Signing Officer

Name
B Hofler Milam
Title
VP & Treasurer
Signed
2020-07-14

Organization Details

Principal Officer
Nathan O Hatch PhD
Formed
1996
Legal Domicile
Nc
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
12
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Decreases

Book realized loss - sold properties = -$14225

Other Changes In Net Assets Or Fund Balances - Other Decreases

Book unrealized loss - new properties = -$7070

Other Changes In Net Assets Or Fund Balances - Other Decreases

Book write down F50014 = -$2250

Other Changes In Net Assets Or Fund Balances - Other Decreases

FY19 Expenses not deducted per Book = -$1150

Other Changes In Net Assets Or Fund Balances - Other Increases

Realized tax loss on Properties = $61279

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

This organization does not have any separate committees within its board of trustees that assume responsibility for audit oversight. However, the Audit and Compliance Committee of the Wake Forest University (parent organization of the filing organization) Board of Trustees, assumes such oversight for the filing organization.The Wake Forest University Audit and Compliance Committee chooses the auditor, but the independent audit of the filing organization is reported to both that Committee and to the full board of the filing organization.

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. 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, 2016 remain subject to examination by federal and state tax authorities. The University has evaluated uncertain tax positions for the years ended June 30, 2019 and 2018, 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, 2019 and 2018.

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

Tax loss in excess of book loss $47054 Book allowances for Gift Properties $-7070 Carrying Costs $-13747 Book write down - Uwharrie Point $-2250

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

Carrying costs $13747 Expense not deducted per Book $-1150

Raw XML AppendixShowing 400 of 798 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
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsReceivableGrp/EOYAmt01583
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0The 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.
IRS990/AdvertisingGrp/TotalAmt00
IRS990/AllAffiliatesIncludedInd0false
IRS990/AllOtherContributionsAmt070700
IRS990/AllOtherExpensesGrp/ProgramServicesAmt0163
IRS990/AllOtherExpensesGrp/TotalAmt0163
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0false
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0Marnie S Matthews
IRS990/BooksInCareOfDetail/PhoneNum03367585233
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0POBOX 7201
IRS990/BooksInCareOfDetail/USAddress/CityNm0WinstonSalem
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990/BooksInCareOfDetail/USAddress/ZIPCd027109
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt023056
IRS990/CashNonInterestBearingGrp/EOYAmt013009
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt00
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0true
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0None
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt070700
IRS990/CYGrantsAndSimilarPaidAmt0352383
IRS990/CYInvestmentIncomeAmt0-61279
IRS990/CYOtherExpensesAmt014275
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-357237
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0366658
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt09421
IRS990/DAFExcessBusinessHoldingsInd0false
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0true
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt00
IRS990/Desc0The organization serves as a conduit for holding and disposing of donated real and personal property and supports Wake Forest University and its affiliates with proceeds from sales or dispositions of such properties as designated to the various programs and entities.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DistributionToDonorInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt00
IRS990/EmploymentTaxReturnsFiledInd0false
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/EscrowAccountInd0false
IRS990/ExpenseAmt0366658
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/TotalAmt00
IRS990/FeesForServicesLegalGrp/TotalAmt00
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt04871
IRS990/FeesForServicesManagementGrp/TotalAmt04871
IRS990/FeesForServicesOtherGrp/TotalAmt00
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282FiledCnt02
IRS990/Form8282PropertyDisposedOfInd0true
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt03.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt16.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt23.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt35.70
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt43.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt55.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt66.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt75.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt83.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt94.40
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt107.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt117.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt1233.90
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt1339.70
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt1436.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt1532.70
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt70.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt80.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt90.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt100.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt110.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt120.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt130.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt140.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt150.30
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt12387831
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt13266731
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1439096
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt15187816
IRS990/Form990PartVIISectionAGrp/PersonNm0H Lawrence Culp Jr
IRS990/Form990PartVIISectionAGrp/PersonNm1Lisbeth Clark Evans
IRS990/Form990PartVIISectionAGrp/PersonNm2Ogden Phipps II
IRS990/Form990PartVIISectionAGrp/PersonNm3Frank B Holding Jr
IRS990/Form990PartVIISectionAGrp/PersonNm4John R Lowden
IRS990/Form990PartVIISectionAGrp/PersonNm5Shannon Spence Townsend
IRS990/Form990PartVIISectionAGrp/PersonNm6Mit B Shah
IRS990/Form990PartVIISectionAGrp/PersonNm7Michael F Mahoney
IRS990/Form990PartVIISectionAGrp/PersonNm8Jorge Rodriguez
IRS990/Form990PartVIISectionAGrp/PersonNm9Harold O Rosser
IRS990/Form990PartVIISectionAGrp/PersonNm10John M Vann
IRS990/Form990PartVIISectionAGrp/PersonNm11Curtis C Farmer
IRS990/Form990PartVIISectionAGrp/PersonNm12Nathan O Hatch PhD
IRS990/Form990PartVIISectionAGrp/PersonNm13B Hofler Milam
IRS990/Form990PartVIISectionAGrp/PersonNm14Anita M Conrad
IRS990/Form990PartVIISectionAGrp/PersonNm15J Reid Morgan
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
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/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt121987864
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt13684156
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt14194592
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt15560012
IRS990/Form990PartVIISectionAGrp/TitleTxt0Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt1Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt2Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt3Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt4Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt5Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt6Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt7Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt8Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt9Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt10Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt11Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt12President
IRS990/Form990PartVIISectionAGrp/TitleTxt13VP & Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt14Asst. Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt15Secretary
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/Form990TFiledInd0false
IRS990/FormationYr01996
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/OtherAmt0-61279
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt012
IRS990/GrantAmt0352383
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0352383
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0352383
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/OtherAmt0379500
IRS990/GrossReceiptsAmt0450200
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt012
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/TotalAmt00
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt00
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt0682471
IRS990/InvestmentsProgramRelatedGrp/EOYAmt0371880
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt01
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LegalDomicileStateCd0NC
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt0440779
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 benefitof 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/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0580538
IRS990/NetAssetsOrFundBalancesEOYAmt0259885
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-61279
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-61279
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoncashContributionsAmt070700
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt036584
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Assessments & Dues
IRS990/OtherExpensesGrp/Desc1Property Tax
IRS990/OtherExpensesGrp/Desc2Utilities
IRS990/OtherExpensesGrp/Desc3Repairs & Maintenance
IRS990/OtherExpensesGrp/ProgramServicesAmt02850
IRS990/OtherExpensesGrp/ProgramServicesAmt12644
IRS990/OtherExpensesGrp/ProgramServicesAmt22277
IRS990/OtherExpensesGrp/ProgramServicesAmt31470
IRS990/OtherExpensesGrp/TotalAmt02850
IRS990/OtherExpensesGrp/TotalAmt12644
IRS990/OtherExpensesGrp/TotalAmt22277
IRS990/OtherExpensesGrp/TotalAmt31470
IRS990/OtherLiabilitiesGrp/BOYAmt0124989
IRS990/OtherLiabilitiesGrp/EOYAmt0126587
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0464253
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt085780
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Nathan O Hatch PhD
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0413301
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0145422
IRS990/PYInvestmentIncomeAmt0-150790
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt09507
IRS990/PYRevenuesLessExpensesAmt0107582
IRS990/PYTotalExpensesAmt0154929
IRS990/PYTotalRevenueAmt0262511
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-357237
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0true
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/SupportedOrganizationsCnt03
IRS990ScheduleA/SupportedOrganizationsTotalCnt03
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0560532138
IRS990ScheduleA/SupportedOrgInformationGrp/EIN1560810676
IRS990ScheduleA/SupportedOrgInformationGrp/EIN2223849199
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0true
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd1true
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd2true
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd17
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd22
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt10
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt20
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0352383
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/SupportSumAmt0352383
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true

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.$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