Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: INTEREST FROM STUDENT LOANS

  total $21,382 · related or exempt $21,382

• 3 · Investment income

  total $179,319 · excluded $179,319

• 7a · Gross sales of assets other than inventory

  securities $3,616,810

• 7b · Less cost or other basis and sales expenses

  securities $3,221,572

• 7c · Gain or loss

  securities $395,238

• 7d · Net gain or loss

  total $395,238 · excluded $395,238

• 11a · Other revenue: MISCELLANEOUS

  total $10,133 · excluded $10,133

• 11b · Other revenue: PROVISION FOR UNCOLLECTIBLE L

  total -$393 · excluded -$393

• 11e · Other revenue, total

  $9,740

Functional expenses

Part IX, the statement of functional expenses.

• 11c · Fees: accounting

  total $10,900 · management and general $10,900

• 24a · Other expenses: COLLECTION FEES

  total $5,445 · program services $5,445

• 24b · Other expenses: MISCELLANEOUS

  total $245 · management and general $245

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,573,311 · end of year $5,464,622

• 4 · Accounts receivable

  beginning of year $278 · end of year $24

• 7 · Other notes and loans receivable

  beginning of year $592,516 · end of year $452,893

• 11 · Investments: publicly traded securities

  beginning of year $3,160,106

• 17 · Accounts payable and accrued expenses

  beginning of year $600 · end of year $2,839

• 27 · Net assets without donor restrictions

  beginning of year $5,325,611 · end of year $5,914,700

The filer's explanations (Part III)

SCHEDULE J, PART III

PART I, LINE 4B: J. REID MORGAN SERVES AS SENIOR VICE PRESIDENT AND GENERAL COUNSEL OF WAKE FOREST UNIVERSITY, A RELATED ORGANIZATION. HIS COMPENSATION FROM WAKE FOREST UNIVERSITY INCLUDES A DEFERRED COMPENSATION PAYOUT OF 153,075 WHICH IS INCLUDED IN HIS 2023 FORM W-2 AND SCHEDULE J, PART II, COLUMN BIII. 112,500 OF THAT PAYMENT IS SHOWN IN SCHEDULE J, PART II, COLUMN F AND HAS BEEN PREVIOUSLY REPORTED ON A PRIOR YEAR FORM 990. HIS COMPENSATION ALSO INCLUDES 40,575 SHOWN IN SCHEDULE J, PART II, COLUMN C, FROM HIS PARTICIPATION IN A DEFERRED COMPENSATION ARRANGEMENT. B. HOFLER MILAM SERVED AS THE EXECUTIVE VICE PRESIDENT, CFO. AND TREASURER OF WAKE FOREST UNIVERSITY, A RELATED ORGANIZATION, THROUGH JUNE 30, 2023. HIS COMPENSATION FROM WAKE FOREST UNIVERSITY INCLUDES A DEFERRED COMPENSATION PAYOUT OF 408,200 WHICH IS INCLUDED IN HIS 2023 FORM W-2 AND SCHEDULE J, PART II, COLUMN BIII. 300,000 OF THAT PAYMENT IS SHOWN IN SCHEDULE J, PART II, COLUMN F AND HAS BEEN PREVIOUSLY REPORTED ON A PRIOR YEAR FORM 990. HIS COMPENSATION ALSO INCLUDES 108,200 SHOWN IN SCHEDULE J, PART II, COLUMN C, FROM HIS PARTICIPATION IN A DEFERRED COMPENSATION ARRANGEMENT. PART III - OTHER ADDITIONAL INFORMATION THE FILING ORGANIZATION HAS NO EMPLOYEES, AND NONE OF ITS OFFICERS OR DIRECTORS IS COMPENSATED FOR THEIR SERVICE TO THE FILING ORGANIZATION.