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Nonprofiteer
← WAKEMED

Form 990 for tax year 2022

Filed by WAKEMED.

Totals

Total revenue
$32,481,397
Total expenses
$40,871,945
Contributions and grants received
$1,880,822
Grants paid
$839,475
Program service revenue
$28,682,959
Investment income
$1,826,147
Other revenue
$91,469
Total assets, end of year
$408,937,900
Total liabilities, end of year
$127,039,834
Net assets or fund balances, end of year
$281,898,066
Program services expenses (Part IX)
$39,274,351
Management and general expenses
$1,008,367
Fundraising expenses
$589,227
Program service expenses (Part III)
$39,274,351

Program services were 96.1% 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.

  • 1c · Fundraising events

    $855,013

  • 1f · All other contributions, gifts and grants

    $1,025,809

  • 1g · Noncash contributions included above

    $123,167

  • 2a · Program service revenue: RELATED RENTAL INCOME

    total $28,682,959 · related or exempt $28,682,959

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $1,578,442 · excluded $1,578,442

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $3,660,541 · other assets $108,960

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

    securities $3,521,796 · other assets $0

  • 7c · Gain or loss

    securities $138,745 · other assets $108,960

  • 7d · Net gain or loss

    total $247,705 · excluded $247,705

  • 8a · Fundraising events: gross income

    $16,775

  • 8a · Fundraising events: contributions included on line 1c

    $855,013

  • 8b · Fundraising events: direct expenses

    $56,673

  • 8c · Net income from fundraising events

    total -$39,898 · excluded -$39,898

  • 11a · Other revenue: INTEREST INCOME - GASB

    total $78,075 · related or exempt $78,075

  • 11b · Other revenue: GAIN/LOSS IN QTS

    total $52,136 · related or exempt $52,136

  • 11c · Other revenue: PURCHASE DISCOUNTS

    total $1,156 · related or exempt $1,156

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $131,367

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $724,398 · program services $724,398

  • 2 · Grants to domestic individuals

    total $115,077 · program services $115,077

  • 7 · Other salaries and wages

    total $1,540,414 · program services $849,175 · management and general $253,093 · fundraising $438,146

  • 8 · Pension plan contributions

    total $48,329 · program services $8,124 · management and general $14,721 · fundraising $25,484

  • 9 · Other employee benefits

    total $82,414 · program services $12,891 · management and general $25,455 · fundraising $44,068

  • 10 · Payroll taxes

    total $62,357 · program services $11,587 · management and general $18,589 · fundraising $32,181

  • 11c · Fees: accounting

    total $19,300 · management and general $19,300

  • 11f · Fees: investment management

    total $99,999 · management and general $99,999

  • 11g · Fees: other

    total $3,408,879 · program services $3,275,156 · management and general $133,723 · fundraising $0

  • 12 · Advertising and promotion

    total $26,894 · fundraising $26,894

  • 13 · Office expenses

    total $321,556 · program services $11,635 · management and general $309,921

  • 14 · Information technology

    total $124,820 · management and general $124,820

  • 16 · Occupancy

    total $7,608,297 · program services $7,608,297

  • 17 · Travel

    total $4,520 · management and general $3,452 · fundraising $1,068

  • 19 · Conferences, conventions and meetings

    total $1,698 · management and general $1,698

  • 20 · Interest

    total $4,914,751 · program services $4,914,751

  • 21 · Payments to affiliates

    total $1,667,168 · program services $1,667,168

  • 22 · Depreciation, depletion and amortization

    total $16,874,147 · program services $16,874,147

  • 23 · Insurance

    total $259,771 · program services $259,771

  • 24a · Other expenses: WPS-REPAIRS & MAINTENANCE

    total $2,813,256 · program services $2,813,256

  • 24b · Other expenses: Bad Debt

    total $31,128 · program services $31,128

  • 24c · Other expenses: FND & WPS - MINOR EQUIPMENT

    total $13,471 · program services $9,875 · management and general $3,596

  • 24d · Other expenses: WPS - OTHER EXP

    total $37,654 · program services $37,654

  • 24e · All other expenses

    total $71,647 · program services $50,261 · management and general $0 · fundraising $21,386

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,038,654 · end of year $2,537,843

  • 2 · Savings and temporary cash investments

    beginning of year $922,977 · end of year $824,905

  • 3 · Pledges and grants receivable

    beginning of year $4,965,699 · end of year $4,714,900

  • 4 · Accounts receivable

    beginning of year $41,175,036 · end of year $42,298,577

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $2,361,850 · end of year $1,918,293

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,209,520 · end of year $686,089

  • 10a · Land, buildings and equipment: cost or other basis

    $419,823,638

  • 10b · Land, buildings and equipment: accumulated depreciation

    $103,284,548

  • 10c · Land, buildings and equipment, net

    beginning of year $321,403,608 · end of year $316,539,090

  • 11 · Investments: publicly traded securities

    beginning of year $31,937,946 · end of year $34,799,892

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $4,233,629 · end of year $4,285,765

  • 15 · Other assets

    beginning of year $218,458 · end of year $332,546

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,384,620 · end of year $9,547,104

  • 19 · Deferred revenue

    beginning of year $244,614 · end of year $152,572

  • 22 · Loans and payables to officers and key people

    end of year $0

  • 25 · Other liabilities

    beginning of year $113,992,085 · end of year $117,340,158

  • 27 · Net assets without donor restrictions

    beginning of year $256,124,365 · end of year $248,859,996

  • 28 · Net assets with donor restrictions

    beginning of year $32,721,693 · end of year $33,038,070

Mission and programs · 2022

Mission

TO MAINTAIN AND OPERATE PROPERTIES, AID AND PROMOTE THE IMPROVEMENT AND DEVELOPMENT OF WAKEMED'S EDUCATION AND SCIENTIFIC PROGRAMS, AND TO TRANSFORM HEALTHCARE THROUGH PHILANTHROPY BY RAISING FRIENDS, FUNDS, AND FUTURE LEADERS FOR WAKEMED.

Activities or mission (Part I)

TO IMPROVE THE HEALTH AND WELL-BEING OF OUR COMMUNITY WITH OUTSTANDING AND COMPASSIONATE CARE TO ALL.

  • WAKEMED PROPERTY SERVICES PURCHASES, LEASES, AND MAINTAINS PROPERTIES IN WAKE, JOHNSTON AND DURHAM COUNTIES FOR THE PURPOSES OF LEASING OR SUBLEASING SPACE TO WAKEMED AND OTHER MEDICAL PROVIDERS TO EXPAND THE ACCESSIBILITY OF MEDICAL SERVICES IN THE VICINITY. PROPERTY SERVICES CURRENTLY OWNS AND MAINTAINS THIRTY PROPERTIES (INCLUDING LAND THAT IS UNDER DEVELOPMENT), AND LEASES FIFTY-ONE PROPERTIES. MULTIPLE WAKEMED DEPARTMENTS AND PHYSICIAN PRACTICES OCCUPY THE OWNED AND LEASED SPACE INCLUDING THREE FREE-STANDING EMERGENCY DEPARTMENTS, FIVE OUTPATIENT IMAGING CENTERS, FOUR OUTPATIENT REHABILITATION DEPARTMENTS AND A MOBILE CRITICAL CARE AMBULANCE DEPARTMENT. CURRENTLY, THERE ARE ONE HUNDRED AND NINETEEN PHYSICIAN PRACTICES LOCATED IN THESE BUILDINGS. A WIDE VARIETY OF CARE OPTIONS ARE OFFERED AT EACH OF THESE FACILITIES AND ARE DESIGNED BY LOCATION AND SERVICE TO ENHANCE CARE FOR ALL RESIDENTS OF THE COMMUNITY SERVED. MOST LOCATIONS ARE LEASED IN AREAS EXPERIENCING RAPID GROWTH WITH LIMITED OPTIONS FOR MEDICAL CARE INCLUDING PRIMARY CARE AND SPECIALISTS.

    Expenses $36,634,946 · Revenue $28,814,326

  • THE WAKEMED FOUNDATION IS A CHARITABLE RESOURCE FOR WAKEMED, SUPPORTING THE HEALTH SYSTEM IN ITS COMMITMENT TO PROVIDING QUALITY HEALTHCARE TO ALL CITIZENS OF THE COMMUNITY. FUNDRAISING ACTIVITIES SUPPORT WAKEMED THROUGH FUNDRAISING AND EDUCATIONAL AWARENESS OF QUALITY HEALTHCARE PROGRAMS AND SERVICES AVAILABLE AT WAKEMED FOR THE CITIZENS OF THE COMMUNITY WITH THE PURPOSE OF PROVIDING PHILANTHROPIC SUPPORT FOR NUMEROUS WAKEMED PROGRAMS AND SERVICES. THE FOUNDATION HAS HELPED FURTHER WAKEMED'S MISSION TO THE COMMUNITY.

    Expenses $2,639,405 · Grants $839,475

As filed on the 2022 return.

Listed in Part VII

  • Aba Forson

    BOD, WAKEMED FOUNDATION

    Total calculated
    $0
    Hours/week
    0.5
  • Anna Goodmon MD

    BOD, WAKEMED FOUNDATION

    Total calculated
    $0
    Hours/week
    0.5
  • Blount Williams

    BOD, WAKEMED PROPERTY SERVICES

    Total calculated
    $0
    Hours/week
    2.5 + 2.5 related
  • Brenda C Gibson

    BOD, WAKEMED FOUNDATION

    Total calculated
    $0
    Hours/week
    0.5
  • Brian Reid

    BOD, WAKEMED FOUNDATION

    Total calculated
    $0
    Hours/week
    0.5
  • Creighton Blackwell

    BOD, WAKEMED FOUNDATION

    Total calculated
    $0
    Hours/week
    0.5
  • Dan Blue III

    BOD, WAKEMED PROPERTY SERVICES

    Total calculated
    $0
    Hours/week
    2 + 2 related
  • Dana Green

    BOD, WAKEMED FOUNDATION

    Total calculated
    $0
    Hours/week
    0.5
  • Dean Gooden

    TREASURER, BOD, WAKEMED FOUNDATION

    Total calculated
    $0
    Hours/week
    0.5
  • Denny Fingers

    BOD, WAKEMED FOUNDATION

    Total calculated
    $0
    Hours/week
    0.5
  • Gavin Shaw

    BOD, WAKEMED FOUNDATION

    Total calculated
    $0
    Hours/week
    0.5
  • Gloria Becker

    BOD, WAKEMED FOUNDATION

    Total calculated
    $0
    Hours/week
    0.5
  • Greg McNamara

    BOD, WAKEMED FOUNDATION

    Total calculated
    $0
    Hours/week
    0.5
  • Henry L Darnell

    BOD, WAKEMED PROPERTY SERVICES

    Total calculated
    $0
    Hours/week
    2 + 2 related
  • James Anthony Penry

    BOD, WAKEMED PROPERTY SERVICES

    Total calculated
    $0
    Hours/week
    2 + 2 related
  • Jane Doggett Evans

    CHAIR, BOD, WAKEMED FOUNDATION

    Total calculated
    $0
    Hours/week
    0.5
  • Jeff Edwards

    BOD, WAKEMED FOUNDATION

    Total calculated
    $0
    Hours/week
    0.5
  • Jenneth Mitchell

    TREASURER, BOD, WAKEMED FOUNDATION

    Total calculated
    $0
    Hours/week
    0.5
  • Jenny Winston

    BOD, WAKEMED FOUNDATION

    Total calculated
    $0
    Hours/week
    0.5
  • John Matthews

    SECRETARY, BOD, WAKEMED FOUNDATION

    Total calculated
    $0
    Hours/week
    0.5
  • Joy Sloan

    BOD, WAKEMED FOUNDATION

    Total calculated
    $0
    Hours/week
    0.5
  • Jun Park

    BOD, WAKEMED FOUNDATION

    Total calculated
    $0
    Hours/week
    0.5
  • Keemia Shaw

    BOD, WAKEMED PROPERTY SERVICES (FROM 6/5/2023)

    Total calculated
    $0
    Hours/week
    1.8 + 1.8 related
  • Kevin Mlaughlin

    BOD, WAKEMED FOUNDATION

    Total calculated
    $0
    Hours/week
    0.5
  • Larry Barbour

    BOD, WAKEMED PROPERTY SERVICES

    Total calculated
    $0
    Hours/week
    2.3 + 2.3 related
  • Larry Long Jr

    BOD, WAKEMED FOUNDATION

    Total calculated
    $0
    Hours/week
    0.5
  • Laura Helton MD

    BOD, WAKEMED PROPERTY SERVICES

    Total calculated
    $0
    Hours/week
    1.8 + 1.8 related
  • Margaret Bratton

    BOD, WAKEMED FOUNDATION & WPS

    Total calculated
    $0
    Hours/week
    0.5 + 2.5 related
  • Mary Nash Rusher

    BOD, WAKEMED PROPERTY SERVICES

    Total calculated
    $0
    Hours/week
    2 + 2 related
  • Michael Ferguson

    BOD, WAKEMED FOUNDATION

    Total calculated
    $803,570
    From this org
    $0
    From related orgs
    $760,926
    Other
    $42,644
    Hours/week
    0.5

    Schedule J breakdown matched by us

    Base
    $0 + $589,836 related
    Bonus
    $0 + $169,597 related
    Other
    $0 + $1,493 related
    Deferred
    $0 + $18,300 related
    Nontaxable benefits
    $0 + $24,344 related
    Filer's total
    $0 + $803,570 related
  • Michael Painter

    BOD, WAKEMED PROPERTY SERVICES & BOD, WAKEMED FOUNDATION

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related
  • R Michael Gray

    BOD, WAKEMED FOUNDATION

    Total calculated
    $0
    Hours/week
    0.5
  • Rasheeda Monroe MD

    BOD, WAKEMED FOUNDATION

    Total calculated
    $346,956
    From this org
    $0
    From related orgs
    $328,656
    Other
    $18,300
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $300,744 related
    Bonus
    $0 + $27,053 related
    Other
    $0 + $859 related
    Deferred
    $0 + $18,300 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $346,956 related
  • Robert C Rice Jr

    SECRETARY, BOD, WAKEMED PROPERTY SERVICES

    Total calculated
    $0
    Hours/week
    2.5 + 2.5 related
  • Satish Garimella

    BOD, WAKEMED PROPERTY SERVICES

    Total calculated
    $0
    Hours/week
    1.8 + 1.8 related
  • Satish Mathan MD

    VICE CHAIR, BOD, WAKEMED FOUNDATION

    Total calculated
    $0
    Hours/week
    0.5
  • Scott Bacon

    BOD, WAKEMED FOUNDATION

    Total calculated
    $0
    Hours/week
    0.5
  • Seth Brody

    EVP, CHIEF PHYSICIAN EXECUTIVE & BOD FOUNDATION

    Total calculated
    $623,140
    From this org
    $0
    From related orgs
    $604,840
    Other
    $18,300
    Hours/week
    0.5 + 60.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $602,071 related
    Bonus
    $0
    Other
    $0 + $2,769 related
    Deferred
    $0 + $18,300 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $623,140 related
  • Sonia Barnes

    BOD, WAKEMED PROPERTY SERVICES

    Total calculated
    $0
    Hours/week
    2 + 2 related
  • Thad L McDonald MD

    BOARD MEMBER, CHAIR (BEGIN 05/2023)

    Total calculated
    $0
    Hours/week
    2.5 + 2.5 related
  • Thomas Fritsch

    BOD, WAKEMED FOUNDATION

    Total calculated
    $0
    Hours/week
    0.5
  • Will Barfield

    BOD, WAKEMED FOUNDATION

    Total calculated
    $0
    Hours/week
    0.5
  • Willy E Stewart

    VC, BOD, WAKEMED PROPERTY SERVICES (UNTIL 5/25/2023)

    Total calculated
    $0
    Hours/week
    2.3 + 2.3 related
  • Dionne Whitaker

    OFFICER - SECRETARY (FROM 2/7/2023)

    Total calculated
    $78,158
    From this org
    $0
    From related orgs
    $70,988
    Other
    $7,170
    Hours/week
    0 + 50 related
  • Donald Gintzig

    PRESIDENT & CEO

    Total calculated
    $1,939,598
    From this org
    $0
    From related orgs
    $1,919,853
    Other
    $19,745
    Hours/week
    0 + 80 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,240,102 related
    Bonus
    $0 + $618,964 related
    Other
    $0 + $60,787 related
    Deferred
    $0 + $16,072 related
    Nontaxable benefits
    $0 + $3,673 related
    Filer's total
    $0 + $1,939,598 related
  • Rick Carrico (Until 1282023)

    CHIEF FINANICAL OFFICER

    Total calculated
    $695,321
    From this org
    $0
    From related orgs
    $647,187
    Other
    $48,134
    Hours/week
    0 + 70 related

    Schedule J breakdown matched by us

    Base
    $0 + $619,333 related
    Bonus
    $0
    Other
    $0 + $27,854 related
    Deferred
    $0 + $18,300 related
    Nontaxable benefits
    $0 + $29,834 related
    Filer's total
    $0 + $695,321 related
  • Roylyn Johnson

    OFFICER - SECRETARY (UNTIL 2/7/2023)

    Total calculated
    $134,276
    From this org
    $0
    From related orgs
    $116,790
    Other
    $17,486
    Hours/week
    0 + 50 related
  • Stephanie Sessoms (From 1282023)

    INTERIM CFO & SVP, FINANCE

    Total calculated
    $431,394
    From this org
    $0
    From related orgs
    $283,530
    Other
    $147,864
    Hours/week
    0 + 65 related

    Schedule J breakdown matched by us

    Base
    $0 + $282,300 related
    Bonus
    $0
    Other
    $0 + $1,230 related
    Deferred
    $0 + $14,392 related
    Nontaxable benefits
    $0 + $133,472 related
    Filer's total
    $0 + $431,394 related
  • Theodore Lotchin

    VP & CHIEF COMPLIANCE & PRIVACY OFFICER

    Total calculated
    $388,712
    From this org
    $0
    From related orgs
    $345,651
    Other
    $43,061
    Hours/week
    0 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $345,110 related
    Bonus
    $0
    Other
    $0 + $541 related
    Deferred
    $0 + $18,300 related
    Nontaxable benefits
    $0 + $24,761 related
    Filer's total
    $0 + $388,712 related
  • Thomas Gough

    EVP & CHIEF OPERATING OFFICER

    Total calculated
    $657,885
    From this org
    $0
    From related orgs
    $638,625
    Other
    $19,260
    Hours/week
    0 + 70 related

    Schedule J breakdown matched by us

    Base
    $0 + $620,340 related
    Bonus
    $0
    Other
    $0 + $18,285 related
    Deferred
    $0 + $18,300 related
    Nontaxable benefits
    $0 + $960 related
    Filer's total
    $0 + $657,885 related
  • Brad Davis

    EXECUTIVE DIRECTOR, FOUNDATION

    Total calculated
    $241,679
    From this org
    $0
    From related orgs
    $203,593
    Other
    $38,086
    Hours/week
    0 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $198,515 related
    Bonus
    $0
    Other
    $0 + $5,078 related
    Deferred
    $0 + $11,559 related
    Nontaxable benefits
    $0 + $26,527 related
    Filer's total
    $0 + $241,679 related
  • Carolyn Knaup

    SVP - STRATEGIC VENTURES & AMBULATORY OPERATIONS

    Total calculated
    $425,637
    From this org
    $0
    From related orgs
    $387,469
    Other
    $38,168
    Hours/week
    0 + 65 related

    Schedule J breakdown matched by us

    Base
    $0 + $370,429 related
    Bonus
    $0
    Other
    $0 + $17,040 related
    Deferred
    $0 + $18,300 related
    Nontaxable benefits
    $0 + $19,868 related
    Filer's total
    $0 + $425,637 related
  • Charles Harr

    CHIEF MEDICAL OFFICER, RALEIGH

    Total calculated
    $456,714
    From this org
    $0
    From related orgs
    $435,378
    Other
    $21,336
    Hours/week
    0 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $429,623 related
    Bonus
    $0
    Other
    $0 + $5,755 related
    Deferred
    $0 + $18,300 related
    Nontaxable benefits
    $0 + $3,036 related
    Filer's total
    $0 + $456,714 related
  • Christine Craig

    VP, GOVERNMENTAL AFFAIRS

    Total calculated
    $340,571
    From this org
    $0
    From related orgs
    $303,197
    Other
    $37,374
    Hours/week
    0 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $287,394 related
    Bonus
    $0
    Other
    $0 + $15,803 related
    Deferred
    $0 + $18,300 related
    Nontaxable benefits
    $0 + $19,074 related
    Filer's total
    $0 + $340,571 related
  • Christopher Derienzo

    SVP & CHIEF QUALITY OFFICER & CMO

    Total calculated
    $632,174
    From this org
    $0
    From related orgs
    $589,530
    Other
    $42,644
    Hours/week
    0 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $588,874 related
    Bonus
    $0
    Other
    $0 + $656 related
    Deferred
    $0 + $18,300 related
    Nontaxable benefits
    $0 + $24,344 related
    Filer's total
    $0 + $632,174 related
  • Cynthia Alness-Boily

    SVP - OPERATIONS & CNO

    Total calculated
    $464,344
    From this org
    $0
    From related orgs
    $423,453
    Other
    $40,891
    Hours/week
    0 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $396,446 related
    Bonus
    $0
    Other
    $0 + $27,007 related
    Deferred
    $0 + $18,300 related
    Nontaxable benefits
    $0 + $22,591 related
    Filer's total
    $0 + $464,344 related
  • Debra Laughery

    INTERIM EXEC. DIR. & VP, MARKETING & COMMUNICATIONS

    Total calculated
    $331,559
    From this org
    $0
    From related orgs
    $312,490
    Other
    $19,069
    Hours/week
    0 + 65 related

    Schedule J breakdown matched by us

    Base
    $0 + $292,907 related
    Bonus
    $0
    Other
    $0 + $19,583 related
    Deferred
    $0 + $18,300 related
    Nontaxable benefits
    $0 + $769 related
    Filer's total
    $0 + $331,559 related
  • Doug Trocinski

    CHIEF MEDICAL OFFICER, CARY

    Total calculated
    $318,781
    From this org
    $0
    From related orgs
    $306,884
    Other
    $11,897
    Hours/week
    0 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $302,421 related
    Bonus
    $0
    Other
    $0 + $4,463 related
    Deferred
    $0 + $9,148 related
    Nontaxable benefits
    $0 + $2,749 related
    Filer's total
    $0 + $318,781 related
  • Gayla Harvey

    VP, PAYOR STRATEGY & MANAGED CARE CONTRACTING

    Total calculated
    $341,368
    From this org
    $0
    From related orgs
    $312,878
    Other
    $28,490
    Hours/week
    0 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $305,997 related
    Bonus
    $0
    Other
    $0 + $6,881 related
    Deferred
    $0 + $18,300 related
    Nontaxable benefits
    $0 + $10,190 related
    Filer's total
    $0 + $341,368 related
  • Jeronica Goodwin

    SVP, HUMAN RESOURCES

    Total calculated
    $357,224
    From this org
    $0
    From related orgs
    $330,366
    Other
    $26,858
    Hours/week
    0 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $329,870 related
    Bonus
    $0
    Other
    $0 + $496 related
    Deferred
    $0 + $18,300 related
    Nontaxable benefits
    $0 + $8,558 related
    Filer's total
    $0 + $357,224 related
  • John Perry

    VP, MEDICAL INFORMATION

    Total calculated
    $423,394
    From this org
    $0
    From related orgs
    $377,900
    Other
    $45,494
    Hours/week
    0 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $375,237 related
    Bonus
    $0
    Other
    $0 + $2,663 related
    Deferred
    $0 + $18,300 related
    Nontaxable benefits
    $0 + $27,194 related
    Filer's total
    $0 + $423,394 related
  • Karen Bash

    CHIEF MEDICAL OFFICER, NORTH

    Total calculated
    $380,097
    From this org
    $0
    From related orgs
    $352,342
    Other
    $27,755
    Hours/week
    0 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $343,277 related
    Bonus
    $0 + $6,764 related
    Other
    $0 + $2,301 related
    Deferred
    $0 + $18,300 related
    Nontaxable benefits
    $0 + $9,455 related
    Filer's total
    $0 + $380,097 related
  • Karen Chilton

    SVP & CHIEF QUALITY OFFICER

    Total calculated
    $326,327
    From this org
    $0
    From related orgs
    $310,911
    Other
    $15,416
    Hours/week
    0 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $310,455 related
    Bonus
    $0
    Other
    $0 + $456 related
    Deferred
    $0 + $15,416 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $326,327 related
  • Peter Marks

    VP & CHIEF INFORMATION OFFICER

    Total calculated
    $434,971
    From this org
    $0
    From related orgs
    $412,150
    Other
    $22,821
    Hours/week
    0 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $389,852 related
    Bonus
    $0
    Other
    $0 + $22,298 related
    Deferred
    $0 + $18,300 related
    Nontaxable benefits
    $0 + $4,521 related
    Filer's total
    $0 + $434,971 related
  • Rebecca Andrews

    SVP & ADMINISTRATOR RALEIGH

    Total calculated
    $528,967
    From this org
    $0
    From related orgs
    $496,869
    Other
    $32,098
    Hours/week
    0 + 70 related

    Schedule J breakdown matched by us

    Base
    $0 + $470,196 related
    Bonus
    $0
    Other
    $0 + $26,673 related
    Deferred
    $0 + $18,300 related
    Nontaxable benefits
    $0 + $13,798 related
    Filer's total
    $0 + $528,967 related
  • Rick Shrum

    VP & CHIEF STRATEGY OFFICER

    Total calculated
    $417,274
    From this org
    $0
    From related orgs
    $375,466
    Other
    $41,808
    Hours/week
    0 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $369,948 related
    Bonus
    $0
    Other
    $0 + $5,518 related
    Deferred
    $0 + $18,300 related
    Nontaxable benefits
    $0 + $23,508 related
    Filer's total
    $0 + $417,274 related
  • Susan James

    VP & CHIEF LEGAL OFFICER

    Total calculated
    $473,880
    From this org
    $0
    From related orgs
    $428,689
    Other
    $45,191
    Hours/week
    0 + 65 related

    Schedule J breakdown matched by us

    Base
    $0 + $426,709 related
    Bonus
    $0
    Other
    $0 + $1,980 related
    Deferred
    $0 + $18,300 related
    Nontaxable benefits
    $0 + $26,891 related
    Filer's total
    $0 + $473,880 related
  • Thomas Cavender

    VP, FACILITIES & CONSTRUCTION

    Total calculated
    $387,000
    From this org
    $0
    From related orgs
    $357,502
    Other
    $29,498
    Hours/week
    0 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $322,693 related
    Bonus
    $0
    Other
    $0 + $34,809 related
    Deferred
    $0 + $18,300 related
    Nontaxable benefits
    $0 + $11,198 related
    Filer's total
    $0 + $387,000 related
  • Thomas Hughes

    SVP & ADMINISTRATOR CARY

    Total calculated
    $342,017
    From this org
    $0
    From related orgs
    $320,564
    Other
    $21,453
    Hours/week
    0 + 57 related

    Schedule J breakdown matched by us

    Base
    $0 + $319,152 related
    Bonus
    $0
    Other
    $0 + $1,412 related
    Deferred
    $0 + $18,300 related
    Nontaxable benefits
    $0 + $3,153 related
    Filer's total
    $0 + $342,017 related
  • Valerie Barlow

    SVP & ADMINISTRATOR NORTH

    Total calculated
    $389,341
    From this org
    $0
    From related orgs
    $343,667
    Other
    $45,674
    Hours/week
    0 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $340,884 related
    Bonus
    $0
    Other
    $0 + $2,783 related
    Deferred
    $0 + $18,300 related
    Nontaxable benefits
    $0 + $27,374 related
    Filer's total
    $0 + $389,341 related
  • Ashish Patel

    PHYSICIAN

    Total calculated
    $1,368,881
    From this org
    $0
    From related orgs
    $1,340,564
    Other
    $28,317
    Hours/week
    0 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $584,622 related
    Bonus
    $0 + $754,990 related
    Other
    $0 + $952 related
    Deferred
    $0 + $18,300 related
    Nontaxable benefits
    $0 + $10,017 related
    Filer's total
    $0 + $1,368,881 related
  • Bryon Boulton

    PHYSICIAN

    Total calculated
    $1,302,702
    From this org
    $0
    From related orgs
    $1,260,058
    Other
    $42,644
    Hours/week
    0 + 62 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,070,371 related
    Bonus
    $0 + $187,977 related
    Other
    $0 + $1,710 related
    Deferred
    $0 + $18,300 related
    Nontaxable benefits
    $0 + $24,344 related
    Filer's total
    $0 + $1,302,702 related
  • Gurvinder Deol

    PHYSICIAN

    Total calculated
    $1,370,051
    From this org
    $0
    From related orgs
    $1,322,067
    Other
    $47,984
    Hours/week
    0 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $916,497 related
    Bonus
    $0 + $400,395 related
    Other
    $0 + $5,175 related
    Deferred
    $0 + $18,300 related
    Nontaxable benefits
    $0 + $29,684 related
    Filer's total
    $0 + $1,370,051 related
  • Jonathan Chappell

    PHYSICIAN

    Total calculated
    $1,119,169
    From this org
    $0
    From related orgs
    $1,074,125
    Other
    $45,044
    Hours/week
    0 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $736,876 related
    Bonus
    $0 + $336,003 related
    Other
    $0 + $1,246 related
    Deferred
    $0 + $18,300 related
    Nontaxable benefits
    $0 + $26,744 related
    Filer's total
    $0 + $1,119,169 related
  • Judson Williams

    PHYSICIAN

    Total calculated
    $1,245,955
    From this org
    $0
    From related orgs
    $1,200,800
    Other
    $45,155
    Hours/week
    0 + 80 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,007,039 related
    Bonus
    $0 + $191,515 related
    Other
    $0 + $2,246 related
    Deferred
    $0 + $18,300 related
    Nontaxable benefits
    $0 + $26,855 related
    Filer's total
    $0 + $1,245,955 related
  • Harold Lawson (Until 8312022)

    VP, REVENUE CYCLE

    Total calculated
    $482,883
    From this org
    $0
    From related orgs
    $448,133
    Other
    $34,750
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $266,167 related
    Bonus
    $0 + $18,759 related
    Other
    $0 + $163,207 related
    Deferred
    $0 + $17,438 related
    Nontaxable benefits
    $0 + $17,312 related
    Filer's total
    $0 + $482,883 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

  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 1a
Tax Identification and Gross-Up payments are paid to some key employees. They are included in taxable income.
Schedule J, Part I, Line 1b
Tax Gross-Ups for key employees are covered by the employee agreement or are approved by the Board of Directors.
Schedule J, Part I, Line 3
ALL COMPENSATION REPORTED ON PART VII OF THE FORM 990 IS PAID BY WAKEMED HOSPITAL, A COMMON PAYMASTER. WAKEMED HOSPITAL'S HUMAN RESOURCE DEPARTMENT REGULARLY REVIEWS THE COMPENSATION FOR THE CEO, OFFICERS, AND KEY EMPLOYEES. THE FACILITY REGULARLY USES AN INDEPENDENT CONSULTING FIRM AS A SOURCE OF COMPENSATION INFORMATION, BENCHMARKING, AND TO REVIEW TO ENSURE CONSISTENT AND FAIR COMPENSATION PRACTICES. THE CEO'S COMPENSATION IS APPROVED BY THE WAKEMED HOSPITAL BOARD.
Schedule J, Part I, Line 7
WakeMed has incentive-based programs that are driven by accomplishing targets associated with Quality of Care for Discharge instructions, Patient Satisfaction and Minimum Operating Benefits.

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.

  • WAKEMED

    501(c)(3) · HOSPITAL · NC

    Directly controlled by NA

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 corporations and trusts

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

  • QUALITY TEXTILE SERVICES

    C Corporation · TEXTILE SERVICES · NC · 50% owned · share of income $107,675 · share of assets $4,927,475

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2022
Filed
15 August 2024
IRS schema version
2022v5.0
Source object
202412289349303211

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