2025-08-14T16:46:07+00:00 2024-09-30 346565596 ERNST & YOUNG US LLP 55 IVAN ALLEN JR BOULEVARD ATLANTA GA 30308 990 2023-10-01 900893457 WAKEMED GROUP RETURN WAKE 9193500522 3000 NEW BERN AVENUE RALEIGH NC 27610 STEPHANIE T SESSOMS EXECUTIVE VICE PRESIDENT, CFO 2025-08-14 true Aerrial M Orr P01598400 4048748300 2025-08-14 2023 2025-03-06 01:10:19Z SEE SCHEDULE O DONALD GINTZIG 3000 NEW BERN AVENUE RALEIGH NC 27610 53959449 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. 36 33 0 118 0 0 1880822 10902049 28682959 31357580 1826147 2065450 91469 269825 32481397 44594904 839475 451803 0 1733514 2200974 7000 929480 38298956 49294352 40871945 51954129 -8390548 -7359225 408937900 481033732 127039834 224040015 281898066 256993717 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 43907501 0 31861763 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-one (purchase of 200 ashville avenue) properties (including land that is under development), and leases fifty-two properties (fy23 was 51). multiple wakemed departments and physician practices occupy the owned and leased space including four free-standing emergency departments, two ambulatory surgery centers, six outpatient imaging centers, five outpatient rehabilitation departments and a mobile critical care ambulance department. currently, there are one hundred and twenty-three 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 services 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. 5822887 451803 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. 49730388 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 true false false false false true false false false true 60 0 true 0 false false false false false false false false false false false false X 36 33 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 Executive Vice President CFO 9193500522 3000 NEW BERN AVENUE RALEIGH NC 27610 Aba Forson BOD, WakeMed Foundation (until 12/31/23) 0.5 0 X 0 0 0 Anna Goodmon MD BOD, WakeMed Foundation 0.5 0 X 0 0 0 Blount Williams BOD, WakeMed Property Services 2.1 2.1 X 0 0 0 Brian Reid BOD, WakeMed Foundation 0.5 0 X 0 0 0 Chris Wrench BOD, WakeMed Foundation 0.5 0 X 0 0 0 Christina A Shanahan BOD, WakeMed Property Services 1.8 1.8 X 0 0 0 Creighton Blackwell BOD, WakeMed Foundation (until 12/31/25) 0.5 0 X 0 0 0 Dan Blue III BOD, WakeMed Property Services 2.1 2.1 X 0 0 0 Dana Green BOD, WakeMed Foundation 0.5 0 X 0 0 0 Denny Fingers BOD, WakeMed Foundation (until 12/31/23) 0.5 0 X 0 0 0 Elizabeth Williamson BOD, WakeMed Foundation 0.5 0 X 0 0 0 Gavin Shaw Secretary, BOD, WakeMed Foundation 0.5 0 X 0 0 0 Gloria Becker Vice Chair, BOD, WakeMed Foundation 0.5 0 X 0 0 0 Greg McNamara BOD, WakeMed Foundation 0.5 0 X 0 0 0 Henry L Darnell BOD, WakeMed Property Services (Until 5/25/24) 2.3 2.3 X 0 0 0 James Anthony Penry BOD, WakeMed Property Services 1.8 1.8 X 0 0 0 Jane D Evans BOD, WakeMed Foundation (Until 12/31/23), Chair 0.5 0 X 0 0 0 Jeff Edwards BOD, WakeMed Foundation 0.5 0 X 0 0 0 Jenneth Mitchell Treasurer, BOD, WakeMed Foundation 0.5 0 X 0 0 0 Jenny Winston BOD, WakeMed Foundation 0.5 0 X 0 0 0 John Matthews Secretary Ret 122023 BOD, WakeMed Foundation 0.5 0 X 0 0 0 John Sinden MD BOD, WakeMed Foundation 0.5 0 X 0 0 0 Joy Sloan BOD, WakeMed Foundation 0.5 0 X 0 0 0 Jun Park BOD, WakeMed Foundation 0.5 0 X 0 0 0 Karen Chilton MD BOD, WM Fnd (From 1/24) SVP & Chief Quality Officer 0.5 50.5 X 0 405466 19800 Katie McKenzie BOD, WakeMed Foundation (From 1/1/24) 0.5 0 X 0 0 0 Keemia Shaw BOD, WakeMed Property Services 1.4 1.4 X 0 0 0 Kevin McLaughlin BOD, WakeMed Foundation (Until 12/31/23) 0.5 0 X 0 0 0 Larry Barbour BOD, WakeMed Property Services (until 5/25/24) 2.5 2.5 X 0 0 0 Larry Long Jr BOD, WakeMed Foundation 0.5 0 X 0 0 0 Laura Helton MD BOD, WakeMed Property Services 1.8 1.8 X 0 0 0 Margaret Bratton BOD, WM Fnd (until 12/23) BOD, WPS 2.1 2.1 X 0 0 0 Mary Nash Rusher BOD, WakeMed Property Srvcs & Secretary 2.1 2.1 X 0 0 0 Michael Ferguson MD BOD, WakeMed Foundation 0.5 0.0 X 0 806450 45591 Michael Painter BOD, WakeMed Property Services & BOD, WakeMed Foundation 1.8 1.8 X 0 0 0 Peter M Scott III BOD, WakeMed Property Services 1.4 1.4 X 0 0 0 R Michael Gray BOD, WakeMed Foundation 0.5 0 X 0 0 0 Rasheeda Monroe MD BOD, WakeMed Foundation 0.5 0.0 X 0 354602 19800 Robert Ange BOD, WakeMed Foundation 0.5 0 X 0 0 0 Robert C Rice Jr BOD, WakeMed Property Services 2.1 2.1 X 0 0 0 Satish Garimella BOD, WakeMed Property Services 1.6 1.6 X 0 0 0 Satish Mathan MD Chair, BOD, WakeMed Foundation 0.5 0 X 0 0 0 Seth Brody BOD, WakeMed Fdn (Until 12/31/23), EVP, Physician Srvcs 0.5 60.0 X 0 643534 19800 Sonia Barnes BOD, WakeMed Property Services 1.8 1.8 X 0 0 0 Thad L McDonald MD BOD, WakeMed Property Services & Chair 3.2 3.2 X 0 0 0 David Nussman VP, Compliance and Privacy - Interim (Start 12/3/23) 0.0 55.0 X 0 135983 34107 Dionne Whitaker Officer - Secretary 0.0 50.0 X 0 84763 7994 Donald Gintzig President & CEO 0.0 80.0 X 0 1881664 23518 Stephanie Sessoms EVP & Chief Financial Officer 0.0 65.0 X 0 354686 36636 Theodore Lotchin VP & Chief Compliance & Privacy Officer (Until 2/24) 0.0 60.0 X 0 352999 45991 Thomas Gough EVP & Chief Operating Officer 0.0 60.0 X 0 665364 20100 Carolyn Knaup SVP - Strategic Ventures & Ambulatory Operations 0.0 55.0 X 0 404239 39580 Charles Harr Chief Medical Officer, Raleigh 0.0 60.0 X 0 452133 22865 Christine Craig VP, Governmental Affairs 0.0 60.0 X 0 312198 47999 Cynthia Alness-Boily SVP - Operations & CNO 0.0 60.0 X 0 434516 42430 Debra Laughery VP, Marketing and Communications 0.0 60.0 X 0 341675 20649 Doug Trocinski CMO, Cary Administration 0.0 60.0 X 0 307730 12990 Gayla Harvey VP, Payor Strategy & Managed Care Contracting 0.0 48.0 X 0 325256 30045 Jeff Neisen VP, Revenue Cycle 0.0 70.0 X 0 329110 36955 Jeronica Goodwin SVP, Human Resources 0.0 60.0 X 0 348755 28654 John Perry VP, Medical Information 0.0 60.0 X 0 393549 48441 Karen Bash Chief Medical Officer, North 0.0 55.0 X 0 382508 29759 Micah Krempasky Chief Medical Officer, Mental Health & Well-Being 0.0 60.0 X 0 354244 47911 Peter Marks VP & Chief Information Officer 0.0 55.0 X 0 427229 24425 Rebecca Andrews SVP & Administrator Raleigh 0.0 70.0 X 0 516310 33508 Rick Shrum VP & Chief Strategy Officer 0.0 55.0 X 0 388475 43462 Susan James VP & Chief Legal Officer (Until 12/1/23) 0.0 65.0 X 0 429287 47666 Thomas Cavender VP, Facilities & Construction 0.0 60.0 X 0 370225 31508 Thomas Hughes SVP & Administrator Cary 0.0 57.0 X 0 333070 22620 Valerie Barlow SVP & Administrator North 0.0 60.0 X 0 357180 48712 Waquiah Ellis VP, Nursing 0.0 52.0 X 0 274417 35256 ashish Patel Physician 0.0 60.0 X 0 1538517 48121 bryon boulton Physician 0.0 62.0 X 0 1449918 45591 gurvinder deol Physician 0.0 60.0 X 0 1313264 50931 judson williams Physician 0.0 80.0 X 0 1301145 48150 mark graham Physician 0.0 60.0 X 0 1352763 20301 Roylyn Johnson Former Secretary (Until 2/7/23) 0 0.0 X 0 121785 16722 Shondra Brink Former VP, WakeMed Physician Practices (until 6/3/23) 0 0.0 X 0 155426 14667 0 20400435 1213255 3 true true false JANI-KING 801 JONES FRANKLIN RD RALEIGH NC 27606 JANITORIAL SERVICES 1286326 MARLAMAR INC DBA CITY WIDE MAINTENANCE 7080 NC HWY 751 DURHAM NC 27707 JANITORIAL SERVICES 617600 GREENSCAPE PO BOX 9614 CHARLOTTE NC 282960104 LANDSCAPING SERVICES 484060 MG CAPITAL MAINTENANCE PO BOX 1370 MORRISVILLE NC 27560 JANITORIAL SERVICES 303024 INTERSTATE CONTRACTING CLEANING SERVICES INC 509 BLAIRHILL RD CHARLOTTE NC 28217 JANITORIAL SERVICES 196119 5 0 0 164250 0 0 10737799 691923 10902049 RELATED RENTAL INCOME 531112 31357580 31357580 0 0 0 0 31357580 1687492 1687492 0 0 8638085 699365 8167398 792094 470687 -92729 377958 0 377958 170695 164250 405053 -234358 -234358 INTEREST INCOME - GASB 94056 94056 GAIN/LOSS IN QTS 409831 409831 PURCHASE DISCOUNTS 296 296 0 0 0 0 504183 44594904 31861763 0 1831092 333360 333360 118443 118443 0 0 0 0 0 0 0 0 0 0 0 0 1965847 1012850 390108 562889 61075 8560 21497 31018 96120 13142 33967 49011 77932 12203 26906 38823 37275 37275 0 0 7500 0 7500 0 19900 0 19900 0 0 0 0 0 7000 7000 109324 0 109324 0 3979888 3857707 34974 87207 122786 0 0 122786 486349 0 455603 30746 111435 0 111435 0 0 0 0 0 8809129 8809129 0 0 9320 0 9320 0 0 0 0 0 8274 0 8274 0 6428488 6428488 0 0 2326719 2326719 0 0 19925870 19925870 0 0 387611 387611 0 0 WPS-REPAIRS & MAINTENANCE 3195867 3195867 0 0 Bad Debt 2946962 2946962 FND & WPS - MINOR EQUIPMENT 3531 3531 WPS - OTHER EXP 312671 312671 65453 0 65453 0 51954129 49730388 1294261 929480 2537843 3287149 824905 1133911 4714900 7619258 42298577 9392430 0 0 0 0 1918293 2558927 0 0 686089 1147181 532738562 124271685 316539090 408466877 34799892 42484677 0 4285765 4695596 332546 247726 408937900 481033732 9547104 15080172 152572 44923 0 0 117340158 208914920 127039834 224040015 X 248859996 202097256 33038070 54896461 281898066 256993717 408937900 481033732 X -7359225 4358376 0 0 0 -21903500 X false true X true false X X 1 WAKEMED 566017737 3 true 0 0 1 0 0 5847870 2436742 2256831 1880822 10902049 23324314 0 0 5847870 2436742 2256831 1880822 10902049 23324314 702241 22622073 1117281 1104508 1304427 1578442 1687492 6792150 0 0 0 0 0 0 0 30116464 0 0.7512 0.6739 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 WAKEMED FACULTY PRACTICE PLAN PUBLIC CHARITY STATUS: 509(A)(3) - BOX 12B WAKEMED 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 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4543070 0 317647 0 21943 0 4838774 4444072 1000 196911 0 98913 0 4543070 4758605 69525 -303842 0 80216 0 4444072 4384089 49637 381557 0 56678 0 4758605 2415426 1924338 132158 0 87833 0 4384089 0.03 0.97 0.0 false false 48268559 48268559 218472664 73116926 145355738 32260928 5904000 26356928 7223306 3550120 3673186 226513105 41700639 184812466 408466877 CHARITABLE GIFT ANNUITY 20614 LONG TERM CAPITAL LEASE PAYABLE 205856872 DEFERRED LEASE INFLOW 3025218 DEFERRED RENT EXPENSE 12216 DEFERRED LANDLORD INCENTIVES 208914920 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. Gala 313375 164250 149125 0 0 0 116844 219515 54726 Kick it 4 Kids 21570 0 21570 0 0 0 0 0 13968 0 0 0 0 0 0 0 0 0 0 334945 164250 170695 0 0 0 116844 219515 68694 405053 -234358 true SAFE CHILD 864 WEST MORGAN ST RALEIGH NC 27603 561817816 501c3 50000 385 CHILDREN'S MEDICAL EVALUATIONS WAKE EMERGENCY PHYSICIANS PA 570 NEW WAVERLY PL STE 210 CARY NC 27518 561763695 12960 WEPPA FELLOWSHIP WAKEMED 3000 NEW BERN AVE RALEIGH NC 276101215 566017737 501c3 270400 GENERAL SUPPORT - EMPLOYEE ASSISTANCE 2 1 EDUCATIONAL SCHOLARSHIPS 15 118443 Schedule I, Part III EDUCATIONAL SCHOLARSHIPS THERE ARE CURRENTLY TWO SCHOLARSHIP PROGRAMS. THE HELTON ENDOWMENT SCHOLARSHIP FUND IS FOR EMPLOYEES. THE MEGAN CHAMP MORGAN SCHOLARSHIP FUND IS FOR DEPENDENTS, UP TO AGE 26, OF EMPLOYEES. 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 APPLICABLE SCHOLARSHIP COMMITTEE. ALL UNSPENT FUNDS ARE RETURNED TO THE APPROPRIATE SCHOLARSHIP FUND AT THE WAKEMED FOUNDATION. THE RECIPIENT OF A HELTON SCHOLARSHIP 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 WAKEMED EMPLOYED PARENT OF A RECIPIENT OF A MEGAN CHAMP MORGAN SCHOLARSHIP MUST REMAIN EMPLOYED FOR TWO YEARS AFTER THE AWARD. THE STUDENT MUST MAINTAIN A 2.5 GPA. THE RECIPIENT MUST SUBMIT PROOF OF STUDY COMPLETION (TRANSCRIPTS, FINAL GRADES, ETC.) TO THE APPLICABLE 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 BOD, WakeMed Fdn (Until 12/31/23), EVP, Physician Srvcs 0 640483 0 0 0 3051 0 19800 0 0 0 663334 0 0 Karen Chilton MD BOD, WM Fnd (From 1/24) SVP & Chief Quality Officer 0 404855 0 0 0 611 0 19800 0 0 0 425266 0 0 Michael Ferguson MD BOD, WakeMed Foundation 0 622239 0 182624 0 1587 0 19800 0 25791 0 852041 0 0 Rasheeda Monroe MD BOD, WakeMed Foundation 0 343021 0 11195 0 386 0 19800 0 0 0 374402 0 0 Donald Gintzig President & CEO 0 1298722 0 515468 0 67474 0 19800 0 3718 0 1905182 0 0 Thomas Gough EVP & Chief Operating Officer 0 646916 0 0 0 18448 0 19800 0 300 0 685464 0 0 Theodore Lotchin VP & Chief Compliance & Privacy Officer (Until 2/24) 0 351020 0 0 0 1979 0 19800 0 26191 0 398990 0 0 David Nussman VP, Compliance and Privacy - Interim (Start 12/3/23) 0 135882 0 0 0 101 0 8636 0 25471 0 170090 0 0 Stephanie Sessoms EVP & Chief Financial Officer 0 352285 0 0 0 2401 0 17063 0 19573 0 391322 0 0 Cynthia Alness-Boily SVP - Operations & CNO 0 407597 0 0 0 26919 0 19800 0 22630 0 476946 0 0 Rebecca Andrews SVP & Administrator Raleigh 0 489488 0 0 0 26822 0 19800 0 13708 0 549818 0 0 Valerie Barlow SVP & Administrator North 0 354283 0 0 0 2897 0 19800 0 28912 0 405892 0 0 Karen Bash Chief Medical Officer, North 0 377655 0 0 0 4853 0 19800 0 9959 0 412267 0 0 Thomas Cavender VP, Facilities & Construction 0 335205 0 0 0 35020 0 19800 0 11708 0 401733 0 0 Christine Craig VP, Governmental Affairs 0 296368 0 0 0 15830 0 19358 0 28641 0 360197 0 0 Waquiah Ellis VP, Nursing 0 271339 0 0 0 3078 0 16809 0 18447 0 309673 0 0 Jeronica Goodwin SVP, Human Resources 0 348214 0 0 0 541 0 19586 0 9068 0 377409 0 0 Charles Harr Chief Medical Officer, Raleigh 0 446130 0 0 0 6003 0 19800 0 3065 0 474998 0 0 Gayla Harvey VP, Payor Strategy & Managed Care Contracting 0 318010 0 0 0 7246 0 19279 0 10766 0 355301 0 0 Thomas Hughes SVP & Administrator Cary 0 331601 0 0 0 1469 0 19800 0 2820 0 355690 0 0 Susan James VP & Chief Legal Officer (Until 12/1/23) 0 427194 0 0 0 2093 0 19800 0 27866 0 476953 0 0 Carolyn Knaup SVP - Strategic Ventures & Ambulatory Operations 0 385586 0 0 0 18653 0 19800 0 19780 0 443819 0 0 Micah Krempasky Chief Medical Officer, Mental Health & Well-Being 0 343017 0 8897 0 2330 0 19800 0 28111 0 402155 0 0 Debra Laughery VP, Marketing and Communications 0 319035 0 0 0 22640 0 19800 0 849 0 362324 0 0 Peter Marks VP & Chief Information Officer 0 404853 0 0 0 22376 0 19800 0 4625 0 451654 0 0 Jeff Neisen VP, Revenue Cycle 0 265055 0 0 0 64055 0 18271 0 18684 0 366065 0 0 John Perry VP, Medical Information 0 390757 0 0 0 2792 0 19800 0 28641 0 441990 0 0 Rick Shrum VP & Chief Strategy Officer 0 382637 0 0 0 5838 0 19800 0 23662 0 431937 0 0 Doug Trocinski CMO, Cary Administration 0 301332 0 0 0 6398 0 9148 0 3842 0 320720 0 0 ashish Patel Physician 0 640470 0 883853 0 14194 0 19800 0 28321 0 1586638 0 0 bryon boulton Physician 0 1082680 0 363487 0 3751 0 19800 0 25791 0 1495509 0 0 mark graham Physician 0 507004 0 818842 0 26917 0 9900 0 10401 0 1373064 0 0 gurvinder deol Physician 0 931780 0 371900 0 9584 0 19800 0 31131 0 1364195 0 0 judson williams Physician 0 990480 0 285246 0 25419 0 19800 0 28350 0 1349295 0 0 Shondra Brink Former VP, WakeMed Physician Practices (until 6/3/23) 0 152425 0 0 0 3001 0 9247 0 5420 0 170093 0 0 Roylyn Johnson Former Secretary (Until 2/7/23) 0 120674 0 0 0 1111 0 7351 0 9371 0 138507 0 0 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. X 7 691923 Market value false true false Schedule M, Part I, Line 9 Supplemental Information Part1, Column (b) The amount in column (b) represents the number of contributions. 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 sign that they have no knowledge of any Conflicts of Interest. Form 990, Part VII, Section A, Line 1a, 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 XI, Line 9 Other changes in net assets or fund balances Transfers Between Affiliate - -73585884; Transfer of Fixed Assets - 51682384; 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 409831 4965596 0.5 false false true false false false false false false false true true false false false false false true false true WAKEMED B 2326719 FMV WAKEMED J 11003998 FMV WAKEMED K 1135211 FMV WAKEMED R 48481978 FMV WAKEMED B 270440 FMV WAKEMED S 43660374 FMV