Skip to content
Nonprofiteer
← WAKE FOREST UNIVERSITY HEALTH SCIENCES GROUP RETURN

Form 990 for tax year 2023

Filed by WAKE FOREST UNIVERSITY HEALTH SCIENCES GROUP RETURN.

Totals

Total revenue
$103,242,222
Total expenses
$87,062,249
Contributions and grants received
$0
Grants paid
$1,094,139
Program service revenue
$103,242,222
Investment income
$0
Other revenue
$0
Total assets, end of year
$327,748,648
Total liabilities, end of year
$7,735,494
Net assets or fund balances, end of year
$320,013,154
Program services expenses (Part IX)
$77,228,698
Management and general expenses
$9,833,551
Fundraising expenses
$0
Program service expenses (Part III)
$77,228,698

Program services were 88.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: PATIENT SERVICE REVENUE

    total $103,242,222 · related or exempt $103,242,222

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,094,139 · program services $1,094,139

  • 11a · Fees: management

    total $8,560,829 · management and general $8,560,829

  • 11b · Fees: legal

    total $72 · program services $72

  • 11f · Fees: investment management

    total $32,404 · program services $21,545 · management and general $10,859

  • 11g · Fees: other

    total $44,091,949 · program services $44,030,557 · management and general $61,392

  • 12 · Advertising and promotion

    total $490 · program services $490

  • 13 · Office expenses

    total $513,506 · program services $413,188 · management and general $100,318

  • 14 · Information technology

    total $904,061 · program services $727,444 · management and general $176,617

  • 16 · Occupancy

    total $3,919,746 · program services $3,153,986 · management and general $765,760

  • 17 · Travel

    total $214,278 · program services $172,417 · management and general $41,861

  • 19 · Conferences, conventions and meetings

    total $85,522 · program services $68,814 · management and general $16,708

  • 23 · Insurance

    total $491,806 · program services $430,376 · management and general $61,430

  • 24a · Other expenses: MEDICAL SUPPLIES

    total $21,805,105 · program services $21,805,105

  • 24b · Other expenses: BAD DEBT

    total $5,154,969 · program services $5,154,969

  • 24c · Other expenses: OTHER SUPPLIES

    total $193,373 · program services $155,596 · management and general $37,777

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $4,647,781 · end of year $7,389,281

  • 4 · Accounts receivable

    beginning of year $10,626,691 · end of year $12,853,486

  • 8 · Inventories for sale or use

    beginning of year $2,428,546 · end of year $2,361,767

  • 9 · Prepaid expenses and deferred charges

    beginning of year $38,898 · end of year $15,045

  • 15 · Other assets

    beginning of year $294,156,631 · end of year $305,129,069

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,065,366 · end of year $7,735,494

  • 27 · Net assets without donor restrictions

    beginning of year $303,833,181 · end of year $320,013,154

Mission and programs · 2023

Mission

OUTPATIENT MEDICAL CLINICS FOR THE PROMOTION OF HEALTH FOR THE BENEFIT OF THE COMMUNITY AND AS A SUPPORTING ORGANIZATION EXCLUSIVELY FOR THE BENEFIT OF WAKE FOREST UNIVERSITY AND WAKE FOREST UNIVERSITY HEALTH SCIENCES.

Activities or mission (Part I)

OUTPATIENT MEDICAL CLINICS FOR THE PROMOTION OF HEALTH FOR THE BENEFIT OF THE COMMUNITY.

  • HEMODIALYSIS: THE CLINICS SERVE THE TEACHING AND RESEARCH PROGRAMS OF WAKE FOREST UNIVERSITY HEALTH SCIENCES AND WAKE FOREST UNIVERSITY BY PROVIDING DIALYSIS TREATMENTS TO END STAGE RENAL DISEASE PATIENTS (1,737 IN-CENTER AND 292 HOME DIALYSIS PATIENTS), OR BY TRAINING PATIENTS IN SELF-ADMINISTRATION OF AT-HOME DIALYSIS TREATMENTS.

    Expenses $77,228,698 · Grants $1,094,139 · Revenue $103,242,222

As filed on the 2023 return.

Listed in Part VII

  • Julie A Freischlag MD

    CHAIR & PRESIDENT

    Total calculated
    $5,244,157
    From this org
    $0
    From related orgs
    $5,194,069
    Other
    $50,088
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $2,522,156 related
    Bonus
    $0 + $1,971,675 related
    Other
    $0 + $700,238 related
    Deferred
    $0 + $18,294 related
    Nontaxable benefits
    $0 + $31,794 related
    Filer's total
    $0 + $5,244,157 related

  • Kevin P High MD

    CHAIR (TO 8/31/23)

    Total calculated
    $2,321,984
    From this org
    $0
    From related orgs
    $2,269,909
    Other
    $52,075
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $788,427 related
    Bonus
    $0 + $400,022 related
    Other
    $0 + $1,081,460 related
    Deferred
    $0 + $22,651 related
    Nontaxable benefits
    $0 + $29,424 related
    Filer's total
    $0 + $2,321,984 related

  • Bradley A Clark

    FORMER OFFICER

    Total calculated
    $1,577,771
    From this org
    $1,431,976
    From related orgs
    $0
    Other
    $145,795
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $991,783
    Bonus
    $356,324
    Other
    $83,869
    Deferred
    $109,999
    Nontaxable benefits
    $35,796
    Filer's total
    $1,577,771

  • Russell M Howerton MD

    DIRECTOR (TO 12/20/23)

    Total calculated
    $1,052,764
    From this org
    $0
    From related orgs
    $988,864
    Other
    $63,900
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $610,874 related
    Bonus
    $0 + $214,812 related
    Other
    $0 + $163,178 related
    Deferred
    $0 + $23,423 related
    Nontaxable benefits
    $0 + $40,477 related
    Filer's total
    $0 + $1,052,764 related

  • Terry L Hales Jr

    DIRECTOR & ASST TREASURY

    Total calculated
    $923,316
    From this org
    $0
    From related orgs
    $867,249
    Other
    $56,067
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $569,946 related
    Bonus
    $0 + $193,050 related
    Other
    $0 + $104,253 related
    Deferred
    $0 + $22,632 related
    Nontaxable benefits
    $0 + $33,435 related
    Filer's total
    $0 + $923,316 related

  • J Reid Morgan

    DIRECTOR & SECRETARY (TO 6/30/23)

    Total calculated
    $799,445
    From this org
    $0
    From related orgs
    $690,571
    Other
    $108,874
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $462,733 related
    Bonus
    $0 + $48,000 related
    Other
    $0 + $179,838 related
    Deferred
    $0 + $73,575 related
    Nontaxable benefits
    $0 + $35,299 related
    Filer's total
    $0 + $799,445 related

  • Stephan L Lillie

    TREASURER

    Total calculated
    $606,226
    From this org
    $572,269
    From related orgs
    $0
    Other
    $33,957
    Hours/week
    5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $430,988
    Bonus
    $140,400
    Other
    $881
    Deferred
    $23,265
    Nontaxable benefits
    $10,692
    Filer's total
    $606,226

  • David W Zaas MD

    DIRECTOR

    Total calculated
    $536,758
    From this org
    $0
    From related orgs
    $530,164
    Other
    $6,594
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $333,787 related
    Bonus
    $0 + $180,000 related
    Other
    $0 + $16,377 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $6,594 related
    Filer's total
    $0 + $536,758 related

  • Terry G Williams

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 39.9 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, and on a Form 990-PF Part VIII's — 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 ORGANIZATIONS INCLUDED IN THIS GROUP RETURN 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: JULIE A. FREISCHLAG, M.D. 624,800 KEVIN P. HIGH, M.D. 1,052,872 RUSSELL M. HOWERTON, M.D. 126,200 TERRY L. HALES, JR. 79,381 BRADLEY A. CLARK 80,393 J. REID MORGAN 112,500
FORM 990, PART VII, LINE 5 - COMPENSATION FROM UNRELATED ORGANIZATIONS
STEPHAN LILLIE WAS COMPENSATED BY WAKE FOREST UNIVERSITY BAPTIST MEDICAL CENTER, AN AFFILIATED BUT UNRELATED ORGANIZATION, FOR SERVICES RENDERED TO THE ORGANIZATIONS INCLUDED IN THIS GROUP RETURN. SEE PART VII AND SCHEDULE J, PART II FOR COMPENSATION. BRADLEY A. CLARK WAS COMPENSATED BY THE CHARLOTTE-MECKLENBURG HOSPITAL AUTHORITY (CMHA, DOING BUSINESS AS ATRIUM HEALTH), AN AFFILIATED BUT UNRELATED ORGANIZATION, FOR SERVICES RENDERED TO THE ORGANIZATION. SEE PART VII AND SCHEDULE J FOR 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

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • VERGER FUND II LLC

    INVESTMENT · NC

  • WAKE FOREST TECHNOLOGY DEVELOPMENT PROGRAM LP

    INVESTMENT · NC

  • WAKE FOREST AMBULATORY VENTURES LLC

    HEALTHCARE · NC

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • NORTH DISTRICT OWNERS ASSOCIATION

    C · PROPERTY OWNERS ASSOCIATION · NC

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202443209349301709

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.