Wake Forest University Health Sciences Group Return

“Wake forest university health sciences is the parent organization.”

“The members of the board of directors of the organization are appointed by the governing body of wake forest university health sciences or by a member of the governing body or by an officer of wake forest university health sciences acting in his official capacity, in accordance with procedures prescribed by the board of directors of wake forest university health sciences.”

“Decisions of the organization's governing body which require approval by the parent organization, wake forest university health sciences, include amendments to the organization's governance documents (articles of incorporation and bylaws), and the election and removal of directors.”

“The filing organization's board of directors receives a copy of the form 990 with sufficient time to permit review, comment, and questions prior to its filing. If modifications are required following such review, the revised form 990 is redistributed prior to its filing with the irs, along with a summary of the modifications.”

“The organization requires its officers and directors to disclose conflicts of interest annually, and as they arise. Any items disclosed are reviewed and managed in accordance with the organization's policy on conflicts of interest.”

“The organization pays no compensation to officers or directors; as the organization has no employees, it does not pay any compensation to any key employees. All compensation paid to officers and directors and former officers or directors was paid by related organizations. The executive committee of the wake forest university baptist medical center board is (through authority delegated to it by wake forest university health sciences - the parent of the filing organization) responsible for reviewing and approving most officers' compensation. The committee utilizes independent compensation consultants, compensation surveys and studies to determine the appropriateness of each such officers'compensation.”

“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, and are attached to the form 1023 filed for the organization with the irs, which is publicly available. The conflict of interest policy and financial statements are not available to the public.”

“John d mcconnell md filing org .5 related org 19.2 unrelated org 20.3 barry i freedman md filing org 1.0 related org 39.0 terry l hales jr filing org 2.0 related org 19.0 unrelated org 19.0 terry g williams filing org 1.0 related org 6.3 unrelated org 32.7 chad eckes filing org 0.5 related org 10.6 unrelated org 28.9 kevin p high, md filing org 0.5 related org 11.5 unrelated org 28.0 j reid morgan filing org .3 related org 39.7 north carolina baptist hospital is an unrelated organization to the filing organization. Pursuant to the terms of the "medical center integration agreement" (an agreement entered into in 2010 among four parties: wake forest university, wake forest university health sciences - both related organizations of the filing organization - wake forest university baptist medical center (a related organization of both wake forest university and wake forest university health sciences) and north carolina baptist hospital (unrelated to the filing organization), under which agreement the operation of wfuhs and ncbh, and all of the respective subsidiaries of each, was delegated to wfubmc), the corporate officers of wfubmc generally serve also as the corporate officers of wfuhs and ncbh. Thus, certain officers of the filing organization also devote hours to the related organizations, as well as to the unrelated organization (ncbh), as shown in the breakdown of hours above.”

“Contracted services & medical director: program service expenses 25,235,294. Management and general expenses 0. Fundraising expenses 0. Total expenses 25,235,294. Professional fees: program service expenses 169,055. Management and general expenses 71,604. Fundraising expenses 0. Total expenses 240,659.”