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Nonprofiteer
← WAKE FOREST UNIVERSITY DEVELOPMENT FOUNDATION

Form 990 for tax year 2022

Filed by WAKE FOREST UNIVERSITY DEVELOPMENT FOUNDATION.

Totals

Total revenue
$0
Total expenses
$8,442
Contributions and grants received
$0
Grants paid
$0
Program services expenses (Part IX)
$8,442
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$8,442

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
    0.3 + 8.7 related

  • Robert J McCreary

    Vice Chair

    Total calculated
    $0
    Hours/week
    0.3 + 3.4 related

  • Diana Adams

    Trustee

    Total calculated
    $0
    Hours/week
    0.3 + 4.3 related

  • Cantey M Ergen

    Trustee

    Total calculated
    $0
    Hours/week
    0.3 + 6.3 related

  • Peter C Brockway

    Trustee

    Total calculated
    $0
    Hours/week
    0.3 + 5.3 related

  • Frank B Holding Jr

    Trustee

    Total calculated
    $0
    Hours/week
    0.3 + 5.3 related

  • Mary Torbet Hays

    Trustee

    Total calculated
    $0
    Hours/week
    0.3 + 7.3 related

  • Aubrey L Martin

    Trustee

    Total calculated
    $0
    Hours/week
    0.3 + 3.3 related

  • John M McAvoy

    Trustee

    Total calculated
    $0
    Hours/week
    0.3 + 3.3 related

  • James M O'Connell

    Trustee

    Total calculated
    $0
    Hours/week
    0.3 + 5.3 related

  • Ogden Phipps II

    Trustee

    Total calculated
    $0
    Hours/week
    0.3 + 3.3 related

  • Michael C Smith

    Trustee

    Total calculated
    $0
    Hours/week
    0.3 + 4.3 related

  • Susan R Wente PhD

    President

    Total calculated
    $1,712,240
    From this org
    $0
    From related orgs
    $1,398,169
    Other
    $314,071
    Hours/week
    0.3 + 34.2 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

  • B Hofler Milam

    Vice President & Treasurer

    Total calculated
    $996,092
    From this org
    $0
    From related orgs
    $734,338
    Other
    $261,754
    Hours/week
    0.3 + 39.7 related

    Schedule J breakdown matched by us

    Base
    $0 + $673,494 related
    Bonus
    $0 + $40,000 related
    Other
    $0 + $20,844 related
    Deferred
    $0 + $230,500 related
    Nontaxable benefits
    $0 + $31,254 related
    Filer's total
    $0 + $996,092 related

  • J Reid Morgan

    Secretary

    Total calculated
    $789,953
    From this org
    $0
    From related orgs
    $647,740
    Other
    $142,213
    Hours/week
    0.3 + 33.7 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

  • Anita M Conrad

    Assistant Secretary

    Total calculated
    $244,717
    From this org
    $0
    From related orgs
    $201,322
    Other
    $43,395
    Hours/week
    0.5 + 36.5 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

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
Line 4b payments: The compensation of Dr. Susan R. Wente, President, includes $225,000 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 B. Hofler Milam, VP & Treasurer, includes $200,000 shown in Schedule J, Part II, Column C, from his participation in a deferred compensation arrangement. Mr. Milam 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 $75,000 shown in Schedule J, Part II, Column C, from his participation in a deferred compensation arrangement. Mr. Morgan is the Senior Vice President 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. Related party hours worked are due to a trustee's presence on the Board of Wake Forest University or the Board of another related entity. The following officers were compensated directly by the organization's supported organization, Wake Forest University, for services performed for the filing organization, Wake Forest University, and other organizations related to Wake Forest University: Susan R. Wente, PhD (President) B. Hofler Milam (Vice President and Treasurer) J. Reid Morgan (Secretary) Anita M. Conrad (Assistant Secretary)

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
13 May 2024
IRS schema version
2022v5.0
Source object
202421349349303652

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