2023-08-16T01:30:24+00:00 2022-09-30 346565596 ERNST & YOUNG US LLP 55 IVAN ALLEN JR BOULEVARD ATLANTA GA 30308 990 2021-10-01 900893457 WAKEMED GROUP RETURN WAKE 9193500522 3000 NEW BERN AVENUE RALEIGH NC 27610 STEPHANIE T SESSOMS SENIOR VP AND INTERIM CFO 2023-08-16 true STEPHANIE SESSOMS 999009999 Aerrial M Orr P01598400 4048748300 2023-08-15 2021 2023-04-26 12:10:37Z SEE SCHEDULE O DONALD GINTZIG 3000 NEW BERN AVENUE RALEIGH NC 27610 44909256 true true 5881 X WWW.WAKEMED.ORG X NC TO IMPROVE THE HEALTH AND WELL-BEING OF OUR COMMUNITY WITH OUTSTANDING AND COMPASSIONATE CARE TO ALL. 38 36 0 155 0 0 2436742 2256831 24304640 27293689 3088973 2696907 295261 -152768 30125616 32094659 359952 427966 0 0 1709651 1892499 0 0 592719 29624483 37320698 31694086 39641163 -1568470 -7546504 319222964 412467377 14167687 123621319 305055277 288846058 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. false false 34937576 0 27178732 WakeMed Property Services purchases, leases, and maintains properties in Wake and Johnston 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-two properties (including land for future development), and leases forty-two 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, a mobile critical care ambulance department, and an outpatient physical therapy department. Currently, there are one hundred and twelve 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. 3020885 427966 0 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. 37958461 true true false false false false false false true true false false false true false false true false false false false false false true false false true true true false false false false false false false false false false false false false true false false false true 51 0 true 0 false false false false false false false false false false false false X 38 36 false false false false false true true true true false false true true true true true true false false true true NC X STEPHANIE T SESSOMS SR VP & INTERIM CFO 9193500522 3000 NEW BERN AVENUE RALEIGH NC 27610 A Blanton Godfrey PHD (Until 52522) BOD, WAKEMED PROPERTY SERVICES 2.5 0.0 X 0 0 0 Anna Goodman MD BOD, WAKEMED FDN 0.5 0 X 0 0 0 Avery Knight (Until 123121) BOD, WakeMed FDN 0.5 0 X 0 0 0 Blount Williams BOD, WAKEMED PROPERTY SERVICES 2.3 0.0 X 0 0 0 Brenda Gibson BOD, WAKEMED FDN 0.5 0 X 0 0 0 Brian Reid BOD, WAKEMED FDN 0.5 0 X 0 0 0 Carson Henline (Until 123121) BOD, WakeMed FDN 0.5 0 X 0 0 0 Christina Alvarado Shanahan (Until 71022) CHAIR, BOD, WAKEMED PROP SVCS 1.5 0.0 X 0 0 0 Creighton Blackwell BOD, WAKEMED FDN 0.5 0 X 0 0 0 Dan Blue III BOD, WAKEMED PROPERTY SERVICES 2.8 0.0 X 0 0 0 Dana Green BOD, WAKEMED FDN 0.5 0 X 0 0 0 Dean Gooden TREASURER, BOD, WAKEMED FDN 0.5 0 X 0 0 0 Gavin Shaw BOD, WAKEMED FDN 0.5 0 X 0 0 0 Gloria Becker BOD, WAKEMED FDN 0.5 0 X 0 0 0 Henry L Darnell BOD, WAKEMED PROPERTY SERVICES 2.3 0.0 X 0 0 0 James Anthony Penry BOD, WAKEMED PROPERTY SERVICES 2.0 0.0 X 0 0 0 Jane Doggett Evans CHAIR, BOD, WAKEMED FDN 0.5 0 X 0 0 0 Jeff Edwards BOD, WAKEMED FDN 0.5 0 X 0 0 0 Jenneth Mitchell BOD, WAKEMED FDN 0.5 0 X 0 0 0 Jenny Winston BOD, WAKEMED FDN 0.5 0 X 0 0 0 John Matthews SECRETARY, BOD, WAKEMED FDN 0.5 0 X 0 0 0 Joy Sloan BOD, WAKEMED FDN 0.5 0 X 0 0 0 Jun Park BOD, WAKEMED FDN 0.5 0 X 0 0 0 Kevin McLaughlin BOD, WAKEMED FDN 0.5 0 X 0 0 0 Larry Barbour BOD, WAKEMED PROPERTY SERVICES 2.0 0.0 X 0 0 0 Laura Helton MD (From 6722) BOD, WAKEMED PROPERTY SERVICES 1.3 0.0 X 0 0 0 Margaret Bratton BOD, WPS AND WAKEMED FDN 2.0 0.0 X 0 0 0 Mary Nash Rusher BOD, WAKEMED PROPERTY SERVICES 2.0 0.0 X 0 0 0 Michael Ferguson MD BOD, WAKEMED FDN 0.5 0 X 0 0 0 Michael Painter (From 9622) BOD, WAKEMED FDN 0.5 0.0 X 0 0 0 R Michael Gray BOD, WAKEMED FDN 0.5 0 X 0 0 0 Rasheeda Monroe BOD, WM FDN, MED DIR, PEDS PC 0.0 40.0 X 0 291817 17400 Robert Ange (Until 123121) BOD, WakeMed FDN 0.5 0 X 0 0 0 Robert C Rice JR SECRETARY, BOD, WAKEMED PROP SVCS 2.0 0.0 X 0 0 0 Satish Garimella (From 71122) BOD, WAKEMED PROPERTY SERVICES 2.0 0.0 X 0 0 0 Satish Mathan MD VICE CHAIR, BOD, WAKEMED FND 0.5 0 X 0 0 0 Scott Bacon BOD, WAKEMED FDN 0.5 0 X 0 0 0 Seth Brody SVP, Physician Services 0.0 60.0 X 0 667725 17400 Sonia Barnes BOD, WAKEMED PROPERTY SERVICES 2.3 0.0 X 0 0 0 Stephen Leinenweber (Until 123121) BOD, WakeMed FDN 0.5 0 X 0 0 0 Thad L Mcdonald MD BOD, WAKEMED PROPERTY SERVICES 2.8 0.0 X 0 0 0 Thomas Fritsch BOD, WAKEMED FDN 0.5 0 X 0 0 0 Vern Davenport (Until 123121) BOD, WAKEMED PROPERTY SERVICES 2.3 0.0 X 0 0 0 Will Barfield BOD, WAKEMED FDN 0.5 0 X 0 0 0 Willy E Stewart VC BOD, WAKEMED PROP SVCS 3.0 0.0 X 0 0 0 Donald Gintzig President & CEO 0.0 80.0 X 0 1998303 39822 Rick Carrico EVP & Chief Financial Officer 0.0 70.0 X 0 813329 47084 Roylyn Johnson Officer - Secretary 0.0 50.0 X 0 126908 18097 Theodore Lotchin VP & Chief Compliance & Privacy Officer 0.0 60.0 X 0 386650 42161 Thomas Gough EVP & Chief Operating Officer 0.0 60.0 X 0 739860 19281 Brad Davis Executive Director, Foundation 0.0 45.0 X 0 216570 39875 Carolyn Knaup SVS - Strategic Ventures & Ambulatory Operations 0.0 65.0 X 0 450572 37268 Charles Harr Chief Medical Officer, Raleigh 0.0 60.0 X 0 499894 20436 Christine Craig VP, Governmental Affairs 0.0 55.0 X 0 341387 33624 Christopher DeRienzo SVP & Chief Quality Officer & CMO 0.0 60.0 X 0 693818 41441 Cynthia Alness-Boily SVP - Operations & CNO 0.0 60.0 X 0 496137 39148 Debra Laughery VP, Marketing & Communications 0.0 65.0 X 0 347509 18135 Gayla Harvey VP, Payor Strategy & Managed Care Contracting 0.0 50.0 X 0 362053 23359 Harold Lawson (until 8312022) VP, Revenue Cycle 0.0 60.0 X 0 379159 43490 John Perry VP, Medical Information 0.0 55.0 X 0 442479 44494 Karen Bash Chief Medical Officer, North 0.0 55.0 X 0 389355 33773 Peter Marks VP & Chief Information Officer 0.0 60.0 X 0 462609 21921 Rebecca Andrews SVP & Administrator Raleigh 0.0 68.0 X 0 591031 28598 Rick Shrum VP & Chief Strategy Officer 0.0 55.0 X 0 419176 38942 Shondra Brink VP, Wake Physician Practices 0.0 60.0 X 0 331940 25998 Stephanie Sessoms VP, Finance 0.0 65.0 X 0 317837 34840 Susan James VP & Chief Legal Officer 0.0 65.0 X 0 484173 41441 Thomas Cavender VP, Facilities & Construction 0.0 50.0 X 0 397701 28423 Thomas Hughes Vice President of Operations, Community Hospitals 0.0 57.0 X 0 370596 18414 Valerie Barlow VP, Clinical & Support Services 0.0 55.0 X 0 396797 44678 Ashish Patel Physician 0.0 60.0 X 0 1294676 17400 Bryon Boulton Physician 0.0 62.0 X 0 1332706 41744 Gurvinder Deol Physician 0.0 60.0 X 0 1334259 47084 Jonathan Chappell Physician 0.0 60.0 X 0 1035604 34244 Judson Williams Physician 0.0 72.0 X 0 1229575 44121 Betsy Gaskins-McClaine FORMER VP, HEART & VASCULAR 0.0 65.0 X 0 262208 23317 Denise Warren (until 123120) FORMER EVP & COO 0.0 0.0 X 0 698329 1418 Jeanene Martin (until 920) Former SVP, Human Resources 0.0 0.0 X 0 196670 15578 0 20799412 1084449 0 true true false Jani-King 801 Jones Franklin Rd Raleigh NC 27606 Janitorial Services 1428558 Marlamar Inc dba City Wide Maintenance 7080 NC Hwy 751 Durham NC 27707 Janitorial Services 518396 Greenscape PO Box 745103 Atlanta GA 303745103 Landscaping Services 341595 MG Capital Maintenance PO Box 1370 Morrisville NC 27560 Janitorial Services 164985 4 794182 1462649 20754 2256831 RENTAL INCOME 531112 27293689 27293689 0 0 0 0 27293689 1304427 1304427 0 0 14150735 12758255 1392480 0 1392480 1392480 18531 794182 56342 -37811 -37811 PROPERTY EASEMENT PAYMENT CITY OF RALEIGH 9078 9078 Purchase Discounts 779 779 LOSS IN QTS LAUNDRY -125033 -125033 219 219 0 0 -114957 32094659 27178732 0 2659096 352139 352139 75827 75827 0 0 1707057 938267 302859 465931 46955 7873 13896 25186 81217 14152 23845 43220 57270 10278 16708 30284 18874 18874 109235 109235 3211549 3090761 120788 0 26899 26899 222781 9247 213534 114428 6305 108123 6880285 6880285 4340 3141 1199 1101 1101 4812605 4812605 2410996 2410996 16533583 16533583 236887 236887 FDN and WPS Repairs & Maintenance 2266767 2266767 Bad Debt 319298 158278 161020 WPS Other exp 39815 39815 FND and WPS Minor Equipment 35928 35928 75327 75327 0 0 39641163 37958461 1089983 592719 2095622 4038654 921776 922977 5819509 4965699 39505229 41175036 0 0 0 0 325609 2361850 1415755 1209520 407655978 86252370 227131540 321403608 38070900 31937946 0 3708662 4233629 228362 218458 319222964 412467377 1168988 9384620 362329 244614 0 0 12636370 113992085 14167687 123621319 X 272763883 256124365 32291394 32721693 0 0 305055277 288846058 319222964 412467377 X -7546504 -6866980 -1795735 X false true X true false X X 1 WAKEMED 566017737 3 true 0 0 1 0 0 1954198 1495799 5847870 2436742 2256831 13991440 0 0 1954198 1495799 5847870 2436742 2256831 13991440 338857 13652583 1313615 1219446 1117281 1104508 1304427 6059277 0 1 0 0 0 0 1 20050718 0 0.6809 0.6293 X true false false false false false false false false false false false false false false true Schedule A, Part I PUBLIC CHARITY STATUS OF GROUP RETURN AFFILIATES WAKE FACULTY PRACTICE PLAN PUBLIC CHARITY STATUS: 509(A)(3) - BOX 12B WAKE PROPERTY SERVICES PUBLIC CHARITY STATUS: 509(A)(3) - BOX 12B WAKEMED FOUNDATION PUBLIC CHARITY STATUS: 509(A)(1) AND 170(B)(1)(A)(VI) - BOX 7 Schedule A, Part II, Line 10 Other Income DESCRIPTION - OTHER INCOME, COLUMN A - 1.0, COLUMN B - , COLUMN C - , COLUMN D - , COLUMN E - , COLUMN F - 1.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4758605 69525 -303842 80216 4444072 4384089 49637 381557 56678 4758605 2415426 1924338 132158 87833 4384089 2386885 15274 90035 76768 2415426 2343091 27194 100748 84148 2386885 0.02 0.98 0.0 false false 48390320 48390320 214916663 60025528 154891135 21129268 2926797 18202471 5206090 2388148 2817942 118013637 20911897 97101740 321403608 DEFERRED LANDLORD INCENTIVES 367044 CHARITABLE GIFT ANNUITY 26503 Long Term Capital Lease Payable 111376944 Deferred Lease Inflow 2221594 113992085 Schedule D, Part V, Line 4 Intended uses of endowment funds ONE FUND IS INTENDED TO BENEFIT THE PEDIATRICS AND CHILDREN OF THE TRIANGLE COMMUNITY AND THE REGION SERVED BY WAKEMED. THE ENDOWMENT ENCOURAGES AND FOSTERS DIALOGUE BETWEEN PHYSICIANS AND EXPERTS IN THE FIELD OF INFECTIOUS DISEASES OF CHILDREN. THE ENDOWMENT WILL SUPPORT EDUCATIONAL SEMINARS WITH NATIONALLY RECOGNIZED SPEAKERS DISCUSSING CURRENT ISSUES OF CLINICAL IMPORTANCE TO THE PRACTITIONER. THE EARNINGS OF THE SECOND FUND WILL BE USED TO SUPPORT THE ADVANCEMENT OF KNOWLEDGE AND CLINICAL SKILLS BY NURSES AND OTHER CERTIFIED HEALTHCARE WORKERS AT WAKEMED THROUGH ENROLLMENT IN UNDERGRADUATE OR GRADUATE DEGREE PROGRAMS OR QUALIFIED CEU SEMINARS AND TRAINING EVENTS. WMG & Other Events 794182 794182 0 29524 1100 3174 Cheers 4 Children 18531 18531 11220 11324 0 812713 794182 18531 40744 1100 14498 56342 -37811 true Safe Child 864 West Morgan Street Raleigh NC 27603 561817816 501(C)(3) 50000 Children's Medical Evaluations MeFine Foundation 5100 US HWY 70 E Princeton NC 27569 201819368 501(C)(3) 15000 Support of Patient Families Wake Emergency Physicians PA 570 New Waverly Place Cary NC 27518 561763695 10229 Well-Being Initiatives WakeMed 3000 New Bern Ave Raleigh NC 276101215 566017737 501(C)(3) 277090 General Support 3 1 Educational Scholarships 11 75827 Schedule I, Part III EDUCATIONAL SCHOLARSHIPS THE EDUCATIONAL SCHOLARSHIPS ARE ADMINISTERED DIRECTLY TO THE UNIVERSITY OR COLLEGE IN THE RECIPIENT'S NAME. THE RECIPIENT MUST SUBMIT A COMPLETED APPLICATION, TWO PAGE LETTER TO WAKEMED FOUNDATION, TRANSCRIPT(S), AND THREE LETTERS OF REFERENCE. THE RECIPIENT MUST ALSO BE AVAILABLE FOR AN INTERVIEW WITH THE HELTON ENDOWMENT SCHOLARSHIP COMMITTEE. ALL UNSPENT FUNDS ARE RETURNED TO THE HELTON FUND AT THE WAKEMED FOUNDATION. THE RECIPIENT MUST REMAIN EMPLOYED AT WAKEMED FOR TWO YEARS AFTER THE AWARD; OTHERWISE, THE STUDENT MUST RETURN THE FUNDS RECEIVED TO THE HELTON FUND AT THE WAKEMED FOUNDATION. THE STUDENT MUST MAINTAIN A 2.5 GPA. THE RECIPIENT MUST SUBMIT PROOF OF STUDY COMPLETION (TRANSCRIPTS, FINAL GRADES, ETC.) TO THE HELTON ENDOWMENT SCHOLARSHIP COMMITTEE WITHIN 90 DAYS OF COMPLETION. Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. GRANTS ARE MADE TO ELIGIBLE 501(C) ORGANIZATIONS. GRANT RECIPIENTS MUST SUBMIT IMPACT/PROGRESS UPDATES. false false false false false false false true false Seth Brody SVP, Physician Services 0 498321 0 167106 0 2298 0 17400 0 0 0 685125 0 0 Rasheeda Monroe BOD, WM FDN, MED DIR, PEDS PC 0 270691 0 16674 0 4452 0 17400 0 0 0 309217 0 0 Rick Carrico EVP & Chief Financial Officer 0 586370 0 199326 0 27633 0 17400 0 29684 0 860413 0 0 Donald Gintzig President & CEO 0 1172452 0 765064 0 60787 0 17400 0 22422 0 2038125 0 0 Thomas Gough EVP & Chief Operating Officer 0 587286 0 134452 0 18122 0 17400 0 1881 0 759141 0 0 Theodore Lotchin VP & Chief Compliance & Privacy Officer 0 325279 0 60858 0 513 0 17400 0 24761 0 428811 0 0 Cynthia Alness-Boily SVP - Operations & CNO 0 379310 0 90377 0 26450 0 17400 0 21748 0 535285 0 0 Rebecca Andrews SVP & Administrator Raleigh 0 450367 0 114174 0 26490 0 17400 0 11198 0 619629 0 0 Valerie Barlow VP, Clinical & Support Services 0 323577 0 71509 0 1711 0 17400 0 27278 0 441475 0 0 Karen Bash Chief Medical Officer, North 0 342124 0 45009 0 2222 0 17400 0 16373 0 423128 0 0 Shondra Brink VP, Wake Physician Practices 0 265537 0 62560 0 3843 0 16733 0 9265 0 357938 0 0 Thomas Cavender VP, Facilities & Construction 0 307491 0 56614 0 33596 0 17400 0 11023 0 426124 0 0 Christine Craig VP, Governmental Affairs 0 274785 0 50822 0 15780 0 17400 0 16224 0 375011 0 0 Brad Davis Executive Director, Foundation 0 187835 0 26144 0 2591 0 13443 0 26432 0 256445 0 0 Christopher DeRienzo SVP & Chief Quality Officer & CMO 0 559305 0 133893 0 620 0 17400 0 24041 0 735259 0 0 Charles Harr Chief Medical Officer, Raleigh 0 420541 0 73653 0 5700 0 17400 0 3036 0 520330 0 0 Gayla Harvey VP, Payor Strategy & Managed Care Contracting 0 282998 0 19655 0 59400 0 15573 0 7786 0 385412 0 0 Thomas Hughes Vice President of Operations, Community Hospitals 0 304569 0 64706 0 1321 0 15411 0 3003 0 389010 0 0 Susan James VP & Chief Legal Officer 0 407655 0 75510 0 1008 0 17400 0 24041 0 525614 0 0 Carolyn Knaup SVS - Strategic Ventures & Ambulatory Operations 0 350686 0 82931 0 16955 0 17400 0 19868 0 487840 0 0 Debra Laughery VP, Marketing & Communications 0 277572 0 50556 0 19381 0 17400 0 735 0 365644 0 0 Harold Lawson (until 8312022) VP, Revenue Cycle 0 311876 0 31093 0 36190 0 17400 0 26090 0 422649 0 0 Peter Marks VP & Chief Information Officer 0 371944 0 68462 0 22203 0 17400 0 4521 0 484530 0 0 John Perry VP, Medical Information 0 355390 0 85457 0 1632 0 17400 0 27094 0 486973 0 0 Stephanie Sessoms VP, Finance 0 266840 0 49842 0 1155 0 15168 0 19672 0 352677 0 0 Rick Shrum VP & Chief Strategy Officer 0 349056 0 64866 0 5254 0 17400 0 21542 0 458118 0 0 Bryon Boulton Physician 0 1064942 0 255952 0 11812 0 17400 0 24344 0 1374450 0 0 Jonathan Chappell Physician 0 623435 0 403153 0 9016 0 8700 0 25544 0 1069848 0 0 Gurvinder Deol Physician 0 862566 0 457551 0 14142 0 17400 0 29684 0 1381343 0 0 Ashish Patel Physician 0 577990 0 698566 0 18120 0 17400 0 0 0 1312076 0 0 Judson Williams Physician 0 931602 0 263039 0 34934 0 17400 0 26721 0 1273696 0 0 Betsy Gaskins-McClaine FORMER VP, HEART & VASCULAR 0 219212 0 30609 0 12387 0 14862 0 8455 0 285525 0 0 Jeanene Martin (until 920) Former SVP, Human Resources 0 119259 0 64500 0 12911 0 8521 0 7057 0 212248 0 0 Denise Warren (until 123120) FORMER EVP & COO 0 22845 0 37725 0 637759 0 1418 0 0 0 699747 0 0 Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation 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 Non-fixed payments THE ORGANIZATION HAS INCENTIVE-BASED PROGRAMS THAT ARE DRIVEN BY ACCOMPLISHING TARGETS ASSOCIATEED WITH QUALITY OF CARE AND FINANCIAL MEASURES. Form 990, Part VI, Line 15 Line 15A & B 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 Governing Board. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body EIGHT MEMBERS OF THE BOARD ARE APPOINTED TO THE BOARD OF DIRECTORS BY WAKE COUNTY. Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders The Wake County Board of Commissioners holds limited approval over some governing body decisions pertaining to articles of incorporation. The transfer agreement with Wake County indicates approval/consent for transactions pertaining to substantial disposition of assets and covenants of liens. Form 990, Part VI, Line 11b Review of form 990 by governing body The 990 and schedules are reviewed by the finance committee of the WakeMed Board of Directors who then recommend approval to the WakeMed Board of Directors. A final copy is provided to the WakeMed Board of Directors before filing. Form 990, Part VI, Line 12c Conflict of interest policy The organization enforces the Conflict of Interest Policy in various ways. Each year members of the WakeMed Board, committees with board-delegated power, the CEO, corporate staff, executive staff, directors and managers are required to complete and submit a conflict of interest questionnaire. These individuals are required to provide written documentation of any potential conflict of interest, identifying material financial interest and/or personal conflicts of interest. Remedial measures implemented addressing conflicts include abstention from voting on certain issues as well as recusal from the decision-making process and participation involving the identified issue/area. The code of conduct provides guidance on gifts and travel. Gifts should not be accepted and prior to any travel and lodging paid by a third party, written approval must be obtained from an executive vice-president. Also, employees who own or work in a private business outside of WakeMed are not allowed to recruit or promote their products and services during work hours or through WakeMed printed materials. Form 990, Part VI, Line 19 Required documents available to the public The 990 is available by request and is published on Guidestar and other websites. Financial statements are publicly available online at EMMA, Electronic Municipal Market Access (https://emma.msrb.org) as it relates to tax-exempt debt. The annual audited financial statements and transfer agreement are provided each year to Wake County Commissioners and become public information. Governing documents are available through the Secretary of State's office. The Conflict of Interest Policy is available to employees (but not posted publicly). The Foundation has a Conflict of Interest Policy. Directors sign a statement confirming that they have received, read, and understand the policy which is incorporated in the WakeMed Foundation Bylaws. Further, Directors that they have no knowledge of any Conflicts of Interest. Form 990, Part VII, Section A COLUMN (E) All employees of the subordinate organizations, included those reported on the WakeMed Group Return, are paid by the Parent Organization, WakeMed. Form 990, Part VIII, Line 11d Other Miscellaneous Revenue ALL OTHER REVENUE - Total Revenue: 219, Related or Exempt Function Revenue: 219, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Form 990, Part XI, Line 9 Other changes in net assets or fund balances Transfers Between Affiliate - 325787; Intercompany Cash Transfers - 1110945; Transfer of Fixed Assets - -1177138; Change in Fund Balance - -6341; GASB 87 Adoption - -2048992; Rounding - 4; FORM 990, BOX C Also Doing Business As: Wake County Hospital System Medical Education Foundation Wake Medical Center Foundation WAKEMED 3000 NEW BERN AVENUE RALEIGH NC 27610 566017737 HOSPITAL NC 501(c)(3) 3 NA false QUALITY TEXTILE SERVICES 313 SOUTH ROGERS LANE RALEIGH NC 27610 561943802 TEXTILE SERVICES NC NA C Corporation -125033 4233629 0.5 false false true false false false false false false false true true false false false false true false false true Wakemed B 2410996 FMV Wakemed J 8067569 FMV Wakemed K 1100800 FMV Wakemed P 1374367 FMV Wakemed B 276910 FMV Wakemed S 26078105 FMV