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Nonprofiteer
← WAKE FOREST INNOVATION QUARTER CDC

Form 990 for tax year 2022

Filed by WAKE FOREST INNOVATION QUARTER CDC.

Totals

Total revenue
$75,036
Total expenses
$358
Contributions and grants received
$0
Grants paid
$0
Program services expenses (Part IX)
$358
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$358

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • ALLEN JOINES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • C DOUGLAS MAYNARD MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • J MCLAIN WALLACE JR

    DIRECTOR, VP & TREASURER

    Total calculated
    $1,143,860
    From this org
    $984,139
    From related orgs
    $0
    Other
    $159,721
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $590,200
    Bonus
    $252,513
    Other
    $141,426
    Deferred
    $144,251
    Nontaxable benefits
    $15,470
    Filer's total
    $1,143,860

  • SUSAN R WENTE PHD

    DIRECTOR, CHAIR

    Total calculated
    $1,712,240
    From this org
    $0
    From related orgs
    $1,398,169
    Other
    $314,071
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $988,512 related
    Bonus
    $0 + $280,000 related
    Other
    $0 + $129,657 related
    Deferred
    $0 + $240,250 related
    Nontaxable benefits
    $0 + $73,821 related
    Filer's total
    $0 + $1,712,240 related

  • TERRY L HALES JR

    DIRECTOR, PRESIDENT

    Total calculated
    $965,665
    From this org
    $0
    From related orgs
    $819,018
    Other
    $146,647
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $493,678 related
    Bonus
    $0 + $222,723 related
    Other
    $0 + $102,617 related
    Deferred
    $0 + $115,923 related
    Nontaxable benefits
    $0 + $30,724 related
    Filer's total
    $0 + $965,665 related

  • ANITA M CONRAD

    ASST SECRETARY

    Total calculated
    $244,717
    From this org
    $0
    From related orgs
    $201,322
    Other
    $43,395
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $200,926 related
    Bonus
    $0
    Other
    $0 + $396 related
    Deferred
    $0 + $21,108 related
    Nontaxable benefits
    $0 + $22,287 related
    Filer's total
    $0 + $244,717 related

  • J REID MORGAN

    SECRETARY

    Total calculated
    $789,953
    From this org
    $0
    From related orgs
    $647,740
    Other
    $142,213
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $551,895 related
    Bonus
    $0 + $75,000 related
    Other
    $0 + $20,845 related
    Deferred
    $0 + $105,500 related
    Nontaxable benefits
    $0 + $36,713 related
    Filer's total
    $0 + $789,953 related

  • NATHAN O HATCH PHD

    FORMER OFFICER (6/30/21)

    Total calculated
    $1,025,302
    From this org
    $0
    From related orgs
    $965,961
    Other
    $59,341
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $936,358 related
    Bonus
    $0
    Other
    $0 + $29,603 related
    Deferred
    $0 + $30,500 related
    Nontaxable benefits
    $0 + $28,841 related
    Filer's total
    $0 + $1,025,302 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4B
CERTAIN DIRECTORS AND OFFICERS OF THE FILING ORGANIZATION PARTICIPATED IN AND/OR RECEIVED PAYMENTS FROM A NON-QUALIFIED DEFERRED COMPENSATION PLAN (RESTORATION OR SERP). THE DETERMINATION OF THE PAYMENT AMOUNT FROM THE NON-QUALIFIED DEFERRED COMPENSATION PLANS FOLLOWED THE EMPLOYMENT ORGANIZATION'S COMPENSATION PROCEDURES. THE FOLLOWING DIRECTORS AND OFFICERS RECEIVED PAYMENTS FROM NON-QUALIFIED DEFERRED COMPENSATION PLANS DURING THE CURRENT TAX YEAR: TERRY L. HALES, JR. $81,185 J. MCLAIN WALLACE, JR. $116,382 SUSAN R. WENTE, PHD $225,000 J. REID MORGAN $75,000
FORM 990, PART VII, LINE 5 - COMPENSATION FROM UNRELATED ORGANIZATIONS
J. MCLAIN WALLACE, JR. WAS COMPENSATED BY WAKE FOREST UNIVERSITY BAPTIST MEDICAL CENTER FOR SERVICES RENDERED TO THE ORGANIZATION. SEE PART VII AND SCHEDULE J, PART II FOR HIS COMPENSATION.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202323189349305837

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