Wake Forest University Health Sciences Group Return

“The sole member of all organizations included in this group return is wake forest university health sciences.”

“The members of the board of directors of the organizations included in this group return 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 their official capacity, in accordance with procedures prescribed by the board of directors of wake forest university health sciences.”

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

“The boards of directors of all organizations represented on this group return receive 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.”

“All organizations included in this group return require officers and directors to disclose conflicts of interest annually, and as they arise. Any items disclosed are reviewed and managed in accordance with the organizations' policy on conflicts of interest.”

“No organizations included in this group return pay compensation to officers or directors. All compensation paid to officers and directors and former officers or directors is paid by related organizations. The governance & compensation committee of the wake forest university baptist medical center board is 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 articles of incorporation of each of the separate dialysis center organizations included in this group exemption return are available to the public on request and are available on the website of the north carolina secretary of state. Such organizations' bylaws are not published, but provisions from their bylaws are included as necessary in such organizations' policies, and are attached to the forms 1023 filed for the organization with the irs, which is publicly available. The conflict of interest policy and financial statements of such organizations are available to the public on request.”

“John d. Mcconnell, md filing org 0.0 related org 0.1 unrelated org 39.9 julie a. Freischlag, md filing org 0.5 related org 18.3 unrelated org 21.2 barry i. Freedman, md filing org 0.5 related org 39.5 terry l. Hales, jr. Filing org 0.5 related org 39.5 terry g. Williams filing org 0.5 related org 4.0 unrelated org 35.5 kevin p. High, md filing org 0.5 related org 6.7 unrelated org 32.8 j. Reid morgan filing org 0.5 related org 33.5 unrelated org 6.0 bradley a. Clark filing org 0.5 related org 7.1 unrelated org 32.4 north carolina baptist hospital ("ncbh") and wake forest university baptist medical center ("wfubmc") are unrelated organizations to the separate dialysis center organizations included in this group return. 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 and north carolina baptist hospital (both 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 organizations included in this group return also devote hours to the related organizations, as well as to the unrelated organizations (wfubmc and ncbh), as shown in the breakdown of hours above.”

“Contracted services & medical director: program service expenses 30,964,378. Management and general expenses 0. Fundraising expenses 0. Total expenses 30,964,378. Professional fees: program service expenses 2,227,102. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,227,102.”

“This process has not changed since the prior year.”