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← WAKE FOREST UNIVERSITY FOUNDATION

Form 990 for tax year 2023

Filed by WAKE FOREST UNIVERSITY FOUNDATION.

Totals

Total revenue
$156,092
Total expenses
$284,826
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$156,092
Investment income
$0
Other revenue
$0
Total assets, end of year
$5,869,353
Total liabilities, end of year
$73,859
Net assets or fund balances, end of year
$5,795,494
Program services expenses (Part IX)
$284,826
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$284,826

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

  • Mit B Shah

    Chair

    Total calculated
    $0
    Hours/week
    0.2 + 5.8 related

  • Robert J McCreary

    Vice Chair

    Total calculated
    $0
    Hours/week
    0.2 + 4.5 related

  • Lynn C Baranski

    Trustee

    Total calculated
    $0
    Hours/week
    0.2 + 4.4 related

  • Frederick W Eubank II

    Trustee

    Total calculated
    $0
    Hours/week
    0.2 + 6.4 related

  • Peter C Brockway

    Trustee

    Total calculated
    $0
    Hours/week
    0.2 + 6.4 related

  • Frank B Holding

    Trustee

    Total calculated
    $0
    Hours/week
    0.2 + 5.4 related

  • Marybeth Torbet Hays

    Trustee

    Total calculated
    $0
    Hours/week
    0.2 + 3.4 related

  • Aubrey L Martin

    Trustee

    Total calculated
    $0
    Hours/week
    0.2 + 3.4 related

  • John M McAvoy

    Trustee

    Total calculated
    $0
    Hours/week
    0.2 + 3.4 related

  • James M O'Connell

    Trustee

    Total calculated
    $0
    Hours/week
    0.2 + 3.4 related

  • Ogden Phipps II

    Trustee

    Total calculated
    $0
    Hours/week
    0.2 + 3.4 related

  • Michael C Smith

    Trustee

    Total calculated
    $0
    Hours/week
    0.2 + 7.4 related

  • David I Wahrhaftig

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • Jacqueline A Travisano EdD

    VP & Treasurer

    Total calculated
    $794,105
    From this org
    $0
    From related orgs
    $664,838
    Other
    $129,267
    Hours/week
    0.2 + 39.8 related

    Schedule J breakdown matched by us

    Base
    $0 + $385,182 related
    Bonus
    $0 + $273,411 related
    Other
    $0 + $6,245 related
    Deferred
    $0 + $116,500 related
    Nontaxable benefits
    $0 + $12,767 related
    Filer's total
    $0 + $794,105 related

  • J Reid Morgan

    Secretary

    Total calculated
    $799,445
    From this org
    $0
    From related orgs
    $690,571
    Other
    $108,874
    Hours/week
    0.2 + 33.8 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

  • Susan R Wente PhD

    President

    Total calculated
    $1,799,376
    From this org
    $0
    From related orgs
    $1,473,696
    Other
    $325,680
    Hours/week
    0.2 + 34.3 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,041,165 related
    Bonus
    $0 + $358,750 related
    Other
    $0 + $73,781 related
    Deferred
    $0 + $250,725 related
    Nontaxable benefits
    $0 + $74,955 related
    Filer's total
    $0 + $1,799,376 related

  • Anita M Conrad

    Assistant Secretary through 10/31/23

    Total calculated
    $261,900
    From this org
    $0
    From related orgs
    $218,902
    Other
    $42,998
    Hours/week
    0.4 + 36.6 related

    Schedule J breakdown matched by us

    Base
    $0 + $218,267 related
    Bonus
    $0
    Other
    $0 + $635 related
    Deferred
    $0 + $22,223 related
    Nontaxable benefits
    $0 + $20,775 related
    Filer's total
    $0 + $261,900 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
Line 4b payments: The compensation of Dr. Susan R. Wente, President, includes $234,225 shown in Schedule J, Part II, Column C, from her participation in a deferred compensation arrangement. All compensation is provided by Wake Forest University, for services provided to Wake Forest University. The compensation of Dr. Jacqueline A. Travisano, Ed.D., VP & Treasurer, includes $100,000 is shown in Schedule J, Part II, Column C, from her participation in a deferred compensation arrangement. Dr. Travisano is the EVP, CFO, and Treasurer of Wake Forest University, a related organization. All compensation is provided by Wake Forest University, for services provided to Wake Forest University. The compensation of J. Reid Morgan, Secretary, includes a deferred compensation payout of $153,075 which is included in his 2023 Form W-2 and in column Biii. $112,000 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 $40,575 shown in Schedule J, Part II, Column C, from his participation in a deferred compensation arrangement. Mr. Morgan is the Senior Vice President , Secretary, and General Counsel of Wake Forest University, a related organization. All compensation is provided by Wake Forest University, for services provided to Wake Forest University.
Part III Additional Information
The filing organization has no employees, and none of its trustees are compensated for their services to the filing organization. The following officers were compensated directly by the filing organization's supported organization, Wake Forest University, for services performed for the filing organization, for Wake Forest University, and for other organizations related to Wake Forest University: Susan R. Wente, PhD (President) Jacqueline A. Travisano, Ed.D. (Vice President and Treasurer) J. Reid Morgan (Secretary) Anita M. Conrad (Assistant Secretary - through 10/31/2023)

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.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • Deacon Blvd Holdings II LLC

    Real estate holding company · NC · income $131,588 · assets $1,341,966

    Directly controlled by Wake Forest University Foundation

  • Deacon Blvd Holdings III LLC

    Real estate holding company · NC · income $0 · assets $0

    Directly controlled by Wake Forest University Foundation

  • Deacon Blvd Holdings IV LLC

    Real estate holding company · NC · income $0 · assets $0

    Directly controlled by Wake Forest University Foundation

  • Deacon Blvd Holdings V LLC

    Real estate holding company · NC · income $0 · assets $0

    Directly controlled by Wake Forest University Foundation

  • Deacon Blvd Holdings VI LLC

    Real estate holding company · NC · income $0 · assets $0

    Directly controlled by Wake Forest University Foundation

  • Deacon Blvd Holdings VII LLC

    Real estate holding company · NC · income $24,504 · assets $1,406,655

    Directly controlled by Wake Forest University Foundation

  • Deacon Blvd Holdings IX LLC

    Real estate holding company · NC · income $0 · assets $0

    Directly controlled by Wake Forest University Foundation

  • Deacon Blvd Holdings X LLC

    Real estate holding company · NC · income $0 · assets $0

    Directly controlled by Wake Forest University Foundation

  • Deacon Blvd Holdings XI LLC

    Real estate holding company · NC · income $0 · assets $0

    Directly controlled by Wake Forest University Foundation

  • Deacon Blvd Holdings XII LLC

    Real estate holding company · NC · income $0 · assets $0

    Directly controlled by Wake Forest University Foundation

  • Deacon Blvd Holdings XIII LLC

    Real estate holding company · NC · income $0 · assets $475,214

    Directly controlled by Wake Forest University Foundation

  • Deacon Blvd Holdings XIV LLC

    Real estate holding company · NC · income $0 · assets $303,552

    Directly controlled by Wake Forest University Foundation

  • Deacon Blvd Holdings XV LLC

    Real estate holding company · NC · income $0 · assets $0

    Directly controlled by Wake Forest University Foundation

  • Deacon Blvd Holdings XVI LLC

    Real estate holding company · NC · income $0 · assets $0

    Directly controlled by Wake Forest University Foundation

  • Deacon Blvd Holdings VIII LLC

    Real estate holding company · NC · income $0 · assets $0

    Directly controlled by Wake Forest University Foundation

Related partnerships

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

Provenance

Return type
form_990
Tax year
2023
Filed
12 May 2025
IRS schema version
2023v6.0
Source object
202501359349300420

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