2014-05-13T13:19:53-07:00 2013-06-30 990 2012-07-01 560532138 WAKE FOREST UNIVERSITY WAKE 3367585233 PO BOX 7201 WINSTONSALEM NC 27109 B Hofler Milam 2014-05-13 2012 2015-11-30 17:44:51Z Nathan O Hatch PhD 1186597126 false false X www.wfu.edu X 1834 NC Wake Forest University is an institution of higher education dedicated to the pursuit of excellence in the liberal arts and in graduate and professional education. It operates two undergraduate institutions, a graduate school, and four professional schools. 58 50 5761 2150 1907513 -2251755 63600963 97889217 322090629 334502523 28835303 52527575 8363364 11888226 422890259 496807541 81883378 86754953 0 197560825 204794643 956384 933332 19825849 120001530 122057141 400402117 414540069 22488142 82267472 1221139374 1447663313 341216280 472631456 879923094 975031857 X Wake Forest University, a 501(c)(3) institution of higher education, is dedicated to the pursuit of excellence in the liberal arts and in graduate and professional education.The organization is comprised of seven constituent parts: two undergraduate institutions, Wake Forest College and the Calloway School of Business and Accountancy; the Graduate School; and four professional schools: the School of Law, the School of Medicine, the Babcock Graduate School of Management and the School of Divinity. It seeks to honor the ideals of liberal learning, which entail commitment to transmission of cultural heritages; teaching the modes of learning in the basic disciplines of human knowledge; developing critical appreciation of moral, aesthetic and religious values; advancing the frontiers of knowledge through in-depth study and research; and applying knowledge in the service of humanity. false false 188032777 72091401 264120549 Instruction of approximately 7,038 students in graduate and undergraduate programs. In addition to the U.S. campus, Wake Forest maintains five student learning centers in Europe, and has numerous study abroad programs available. WFU provides opportunities for foreign students to enter degree programs at the U.S. Campus. The Office of International Programs manages the student exchange and study abroad programs, with visiting students from 51 different countries. More than 60% of our U.S. students travel abroad for at least one program. Scholarships are awarded to eligible students based on financial need and academic merit. 59.6% of the graduate and undergraduate student population received financial aid awards. Approximately 4,194 students received scholarships or grants from the institution during the year. 94288941 12500223 80983875 Wake Forest maintains campus bookstores, housing and dining facilities, mail services and other program services, including Athletics. Athletic scholarships provided funding for 278 athletes during the fiscal year. The Wake Forest conference center serves both University and external constituencies. WFDD-FM Radio, the University's Public Broadcasting Station, provides a venue for teaching and learning as well as communication. The station serves the 32-county Winston-Salem, Greensboro, High Point market bringing music and culture, news and information to the public at large. 48670929 687899 Wake Forest University maintains a campus with academic buildings, research laboratories, student dormitories, with space for fraternities and sororities, and recreational facilities. The grounds add to the student experience. The organization also has other auxiliary enterprises designed to enhance and improve the University and the surrounding community. The University supports, with occasional gifts, local exempt organizations, in order to enhance arts and culture in the area. 22213382 1475430 8562638 353206029 true true false true false true false true true true true true false false true true false true true true true true true true true false false true true true true false false false false false true true false true true true true false false true true true true false false true 9129 0 true 5761 true true true OC false false false true true false 0 false false false true false false false false false false X 58 50 true false false false false false false true true false false true true true true true true true true true true CA X X Brandon E Gilliland 3367585233 PO BOX 7201 WINSTONSALEM NC 27109 X Michael AJ Farrell deceased 1.00 0.00 X 0 0 0 Graham W Denton Jr deceased 2.00 6.00 X 0 0 0 John M Vann 0.00 0.00 X 0 0 0 Seth H Waugh 0.00 0.00 X 0 0 0 Benjamin C Sutton Jr 0.00 0.00 X 0 0 0 Adelaide A Sink 0.00 0.00 X 0 0 0 Andrew J Schindler 0.00 6.00 X 0 0 0 Jay G Sehgal 9.00 0.00 X 1789 0 0 Ogden Phipps II 0.00 0.00 X 0 0 0 Wade W Murphy 0.00 0.00 X 0 0 0 Alice Kirby Horton 0.00 0.00 X 0 0 0 James R Helvey III 0.00 4.00 X 0 0 0 Kathleen B French MD 0.00 0.00 X 0 0 0 Curtis C Farmer 0.00 0.00 X 0 0 0 Matthew A King 3.00 2.50 X 0 0 0 Mary R Farrell 3.00 0.00 X 0 0 0 Charles Jeff Young 3.00 0.00 X 0 0 0 Katherine B Wright 3.00 0.00 X 0 0 0 James T Williams Jr 4.00 7.00 X 0 0 0 David I Wahrhaftig 4.00 0.00 X 0 0 0 Cathy Wall Thomas MD 3.00 0.00 X 0 0 0 Lloyd P Tate Jr 3.00 1.00 X 0 0 0 Janice K Story 3.00 0.00 X 0 0 0 Mitesh B Shah 5.00 2.20 X 0 0 0 Frederick W Eubank II 0.00 0.00 X 0 0 0 Deborah K Rubin 4.00 0.00 X 0 0 0 Harold O Rosser 3.00 0.20 X 0 0 0 Gerald F Roach 4.00 2.00 X 0 0 0 Michael G Queen 3.00 0.00 X 0 0 0 Celeste Mason Pittman 5.00 0.00 X 0 0 0 James M O'Connell 3.00 0.00 X 0 0 0 L Steven Nelson 3.00 0.00 X 0 0 0 Kenneth D Miller 3.00 0.20 X 0 0 0 Thomas A Dingledine 0.00 0.00 X 0 0 0 Thomas W Bunn 0.00 0.00 X 0 0 0 Jeanne Whitman Bobbitt 0.00 0.00 X 0 0 0 Richard H Moore 3.00 0.00 X 0 0 0 John K Medica 3.00 0.20 X 0 0 0 John M McAvoy 3.00 0.00 X 0 0 0 James J Marino 3.00 2.00 X 0 0 0 John R Lowden 3.00 0.20 X 0 0 0 Deborah D Lambert 5.00 0.50 X 0 0 0 Albert R Hunt 3.00 0.00 X 0 0 0 Lawrence D Hopkins MD 3.00 37.00 X 0 275849 41582 Frank B Holding Jr 3.00 0.00 X 0 0 0 Donald E Flow 20.00 7.00 X 0 0 0 Lelia J Farr 3.00 0.20 X 0 0 0 Lisbeth Clark Evans 3.00 0.20 X 0 0 0 Candy M Ergen 5.00 0.20 X 0 0 0 David W Dupree 5.00 0.20 X 0 0 0 Daniel M Delen 3.00 0.20 X 0 0 0 John I Bitove Jr 3.00 0.00 X 0 0 0 Jocelyn Burton 3.00 0.00 X 0 0 0 Bobby R Burchfield 6.00 0.00 X 0 0 0 Peter C Brockway 5.00 0.20 X 0 0 0 Donna A Boswell PhD 6.00 10.20 X 0 0 0 Shelmer D Blackburn Jr 3.00 0.00 X 0 0 0 W Louis Bissette Jr 5.00 0.00 X 0 0 0 Ranlet S Bell 5.00 0.00 X 0 0 0 Diana M Adams 3.00 0.00 X 0 0 0 Rogan Kersh 40.00 0.00 X 335132 0 56195 Anita M Conrad 20.00 20.00 X 156235 0 29981 James J Dunn 39.50 0.50 X 646204 0 178256 J Reid Morgan 20.00 20.00 X 477612 0 120218 B Hofler Milam 39.00 1.00 X 478056 0 124488 Nathan O Hatch PhD 29.00 11.00 X 948602 0 332624 John D McConnell MD 2.00 38.00 X 0 1370748 690944 Mark A Petersen 40.00 0.00 X 448833 0 65960 Steven S Reinemund 40.00 0.00 X 399851 0 41453 Ronald D Wellman 40.00 0.00 X 696346 0 274471 Jacquelyn S Fetrow PhD 40.00 0.00 X 271283 0 27920 Jim B Grobe 40.00 0.00 X 2255822 0 45746 Andrew R Chan 40.00 0.00 X 370236 0 67308 Jeffrey Bzdelik 40.00 0.00 X 1342632 0 37319 Blake D Morant 40.00 0.00 X 372404 0 45036 Ajay Patel PhD 40.00 0.00 X 362512 0 45103 Matthew S Cullinan 40.00 0.00 X 160329 0 31152 Nancy D Suttenfield 0.00 0.00 X 198714 0 24384 Craig O Thomas 40.00 0.00 X 208545 0 64397 Mark E Welker PhD 40.00 0.00 X 289791 0 41643 10420928 1646597 2386180 359 true true false IL Long Construction Co Inc PO Box 4186 WinstonSalem NC 27115 Construction 3176555 Hanbury-Evans-Wright-Vlattas and Co PO Box 3518 Norfolk VA 23514 Architechural Svcs 2105984 Frank L Blum Construction Company 830 25th St NE WinstonSalem NC 27105 Construction 32909700 EBSCO Subscription Service 6800 Versar Center Ste 131 Springfield VA 22151 Subscription Service 2361064 Aramark Campus Services 1101 Market St 12th Fl Philadelphia PA 19107 Food Service 12607208 125 566565 1000000 8561558 87761094 11044709 97889217 Tuition and Fees 611310 264120549 264120549 Telecom & Other Services 611710 3180190 3180190 Student Housing & Dining 721310 31613634 31613634 Organized Activities 515100 4649061 4011387 11600 626074 Athletic Programs 711210 26645517 25257348 1388169 4293572 3668092 625480 334502523 21661180 -2783702 24444882 4718 4718 2009355 2009355 9294049 7954348 1339701 1339701 1339701 706368000 684387 675561845 628865 30806155 55522 30861677 -10841 30872518 48270 566565 101646 -53376 -53376 0 13498230 5542881 7955349 3427779 4527570 Winston-Salem Tennis Cup 711210 429649 429649 Tennis Club 713940 173956 173956 Athletic Advertising 541800 33592 33592 637197 496807541 331851200 1907513 65159611 1420790 1420790 84537249 84537249 796914 796914 0 5401257 1020028 3185480 1195749 0 159544202 132533070 17091350 9919782 10937866 8823853 1365475 748538 17541023 13279573 2984641 1276809 11370295 9172704 1419459 778132 0 174661 106158 68503 183950 7800 176150 0 933332 933332 6194167 4270721 1923446 12908531 8067678 4085357 755496 5897681 4518213 285267 1094201 19080519 13388092 3799298 1893129 4940493 4935178 -183296 188611 0 11685571 8830966 2693365 161240 11524380 10604201 214278 705901 0 2271278 1947133 275337 48808 8844707 8844707 0 24376125 24369619 6506 2113112 774677 1339813 -1378 Miscellaneous 413034 331156 41656 40222 Auxiliary Enterprises 2458882 2458095 301 486 Non Capital Equip & Furnishing 3030372 2269726 720125 40521 Library, Books & Subscriptions 5959678 5897728 15680 46270 0 414540069 353206029 41508191 19825849 0 47619524 99519463 56594517 86076804 10206013 12448471 164325 109883 0 23563755 22764662 1254872 616537 1560635 1892199 732410263 303146819 362923983 429263444 311518273 360803167 402728658 430124156 0 0 3004819 4044527 1221139374 1447663313 28742019 41784742 9944581 9827117 15622907 23193502 160425000 155545000 433145 444955 32287282 31604159 125000000 93761346 85231981 341216280 472631456 X 426583122 407222847 244847287 336724317 208492685 231084693 879923094 975031857 1221139374 1447663313 82267472 12841291 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true false false false false Part II-B, Line 1i Part II-B, Line 1i - Other Activities Description The organization's medical school subsidiary organization has a Government Relations office which makes contacts; working in coordination with that government relations office, the filing organization's employees will sometimes make direct contact with legislators, their staffs, government officials, or a legislative body. The Government Relations office was actively involved with several federal and state issues during the year, including developing political advocacy strategies regarding investment tax credits, and regarding many of the FY 2014 appropriations bills, proposed legislation and regulations that were introduced, e.g. IRS property-tax exemptions for nonprofits guidelines and community benefits analysis, patents and intellectual property issues. At the state level, efforts included legislation regarding business incentive tax laws, including the mill tax credit for the Wake Forest Innovation Quarter research park in downtown Winston-Salem, and transparency and reformation of the tax code including sales tax refund protection provisions.Because of the preponderance of current Health Care legislation, the Government Relations Office of the filing organization's subsidiary spent less time during the tax year on purely educational issues of greatest relevance to the filing organization. 16303 64514 true true X X X false true 462586008 40673250 24604658 478654600 true X 586318598 34222614 39951119 12712804 15742738 1456407 630580382 609317298 4406986 5771784 10553138 21222672 1401660 586318598 531560575 37795637 70599050 10874429 17390859 2372676 609317298 504636725 4856562 53342647 17524560 11167739 2583060 531560575 643133092 18055306 -125720361 11066538 18055931 1708843 504636725 0.33000 0.32000 0.35000 false false false 571500 12752157 13323657 54519465 309233992 136502162 227251295 162413591 103251928 59161663 78806828 62084699 16722129 114112730 1308030 112804700 429263444 430124156 Postretirement benefits 13022245 Other liabilities and deferral 46541091 Bond premium 2263898 Annuities payable 23404747 85231981 X 432237716 12841291 13598875 26440166 405797550 6208857 84801134 91009991 496807541 337128953 13598875 13598875 323530078 6208857 84801134 91009991 414540069 Part XII, Line 4b Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S Tuition scholarship discounts $83387596 Actuarial obligation adjustment $-2880484 Internal department allocations $3858144 Pledge bad debt allowance $-1192374 Other adjustments $1628252 Part XII, Line 2d Part XII, Line 2d: Other expenses and losses per audited F/S Rental expenses $7954348 Cost of Goods Sold $5542881 Fundraising event expenses $101646 Part XI, Line 4b Part XI, Line 4b: Other revenue amounts included on 990 but not included in F/S Tuition scholarship discounts $76883528 Tuition discount adjustment $6504068 Actuarial obligation adjustment $-2880484 Internal department allocations $3858144 Pledge bad debt allowance $-1192374 Other adjustments $1628252 Part XI, Line 2d Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990 Rental Expenses $7954348 Cost of Goods Sold $5542881 Fundraising event expenses $101646 Part X Part X : FIN48 Footnote Wake Forest University is a tax-exempt organization as described in Section 501(c)(3) of the Internal Revenue Code and is generally exempt from federal income taxes on related income pursuant to Section 501(a) of the Code. Accordingly, no provision for income taxes is made in the consolidated financial statements. Unrelated business income of the University is reported on Form 990-T. The University recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Part V, Line 4 Part V, Line 4: Intended uses of the endowment fund. Approximately 44.7% of the expendable endowment funds provided scholarships for Wake Forest University students during the fiscal year. 29.6% was distributed for department chair and faculty positions, including funds for research professorships. 15% supported educational programs generally, the libraries and general university operations. 10.7% provided support for other specific university needs. Due to the fluctuations of university and student needs, these percentages may change from year to year. Only a portion of the Endowment is Restricted to a single use. Part IV, Line 2b Part IV, Line 2b: Explanation of escrow account liability Agency accounts are held to provide supervision and banking ability for small student clubs and organizations that are formed by the current student body and may or may not last past the graduation of the members. The University fosters the students' desire to form associations that can function as a social unit on campus. Part IV, Line 1b Part IV, Line 1b: Why is organization an agent, trustee, custodian or other intermediary for contrib The organization's investment office manages the endowment pool for both the organization and several related organizations identified in Schedule R. Such investments are not included on the organization's balance sheet, but are contained in the consolidated financial statements. Part III, Line 4 Part III, Line 4: Description of organization's collections and how it furthers its purpose. The organization has collections of art, rare books, and artifacts within its facilities. These collections enhance the education of its students and provide research materials for its faculty. Artwork is displayed in many buildings on the organization's campus, accessible to students, employees, and visitors. Part III, Line 1a Part III, Line 1a: If organization elected under SFAS 116 to not report are, historical treasures, o The Consolidated Financial Statements do not contain a footnote regarding the University's art or museum collections. The value of the collections is approximately $6.3 million. true true true true true true true false false false false false false false false true false true Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized Wake Forest University publishes its nondiscrimination policy in the undergraduate bulletin, which is distributed to all students annually. Nondiscrimination language appears in employment advertising and in ads for the University's educational programs and is available at www.wfu.edu Schedule E, Line 6 - Explanation of Aid or Assistance from Governmental Agency Wake Forest University participates in government loan and scholarship programs on behalf of its students. Funds are awarded to eligible students as part of the University's educational purpose. Funds are awarded to eligible students on a nondiscriminatory basis. true East Asia & Pacific 0 0 Program Services Services 49 South America 0 0 Program Services Recruiting 2700 South America 0 0 Program Services Conference 650 South Asia 0 0 Program Service Research 9229 Sub-Saharan Africa 0 0 Investment Book Value 18138000 South Asia 0 0 Investment Book Value 0 South America 0 0 Investment Book Value 16519000 Russia & Ind Sts 0 0 Investment Book Value 0 North America 0 0 Investment Book Value 2909000 Mid East & N Africa 0 0 Investment Book Value 1172000 East Asia & Pacfic 0 0 Investment Book Value 15372000 Europe & North Atlantic 0 0 Investment Book Value 95401000 Ctr America & Caribbean 0 0 Investment Book Value 26418000 North America 0 0 Program Service Services 5200 Europe & North Atlantic 0 0 Program Service Services 66989 South Asia 0 0 Program Service Services 1854 East Asia & Pacific 0 0 Program Service Recruiting 28857 Sub-Saharan Africa 0 4 Program Service Research 27439 Sub-Saharan Africa 0 0 Program Service Study Abroad 10150 South Asia 0 0 Program Service Study Abroad 58211 South Asia 0 0 Program Service Conference 200 South America 0 0 Program Service Study Abroad 168571 South America 0 0 Program Service Research 158318 Europe & North Atlantic 0 0 Program Service Recruiting 25575 North America 0 0 Program Service Recruiting 14959 North America 0 0 Program Service Research 9406 North America 0 0 Program Service Conference 5179 Mid East & N Africa 0 0 Program Service Services 3000 Mid East & N Africa 0 0 Program Service Research 489 Mid East & N Africa 0 0 Program Service Conference 1687 Europe & North Atlantic 0 0 Program Service Research 252027 Europe & North Atlantic 0 0 Program Service Conference 8256 Europe & North Atlantic 5 31 Program Service Study Abroad 2389214 East Asia & Pacific 0 0 Program Service Study Abroad 146431 East Asia & Pacific 0 0 Program Service Research 8146 East Asia & Pacific 0 0 Program Service Conference 2732 Ctr America & Caribbean 0 0 Program Service Recruiting 4000 Ctr America & Caribbean 0 0 Program Service Research 7805 Ctr America & Caribbean 1 12 Program Service Study Abroad 172166 6 43 4 6 47 3209390 176309099 179518489 Europe Student Prgm 80000 Check & Wire Europe Student Prgm 57400 Check & Wire Europe Student Prgm 43050 Check & Wire Europe Student Prgm 42700 Check & Wire Europe Student Prgm 237447 Check & Wire Europe Student Prgm 12266 Check & Wire Europe Student Prgm 116150 Check & Wire Europe Student Prgm 111901 Check & Wire E Asia Pacific Student Prgm 96000 Check & Wire 9 Student research grant Sub-Saharan Africa 1 8544 Check/wire Student research grant Europe & N Atlant 1 500 Check/wire true false true true true false Grantmaker's Description of How Grants are Used in Foreign Country The organization provides funding to faculty for research and other projects and to students for research and other projects. Expenses must be substantiated under the Accountable Plan to ensure proper use of funds.The Organization sometimes provides operating funds to collaborative organizations and charitable foreign organizations, which are not monitored beyond the original grant determination process. X X X X X X X true Elephant in the 105 West 4th St Winston NC 27101 Design Services false 6000 Pentera Inc 8650 Commerce Indianapol IN 46268 Consultant false 22790 Joel W Bowers 1920 Pacific Av San Fran CA 94109 Campaign Video false 44000 Anne R Powell 61 Trowbridge Belmont MA 02478 Consultant false 44500 Marts & Lundy 1200 Wall St Lyndhurst NJ 07071 Consulting false 71300 Lawson Drinkard PO Box 1645 Big Timber MT 59011 Consulting false 97683 Bluezoom Inc 230 S Elm St Greensboro NC 27401 Campaign Dev. false 106461 Verified Studio 3400 Croasdaile Durham NC 27705 Design Serv. false 143460 Richards Group 8750 N Central Dallas TX 75231 Consulting false 167559 Silent R Prod 2749 Spring Gar WinstonSa NC 27106 Consultant-Film false 184000 887753 DC WY WI WV WA VA VT UT TX TN SD SC RI PA OR OK OH ND NY NC NM NJ NH NV NE MT MS MO MI MA ME LA KS IA IN IL ID HI GA FL DE CT CO CA AR AZ AK AL WFDD Events 489155 489155 4737 556 24819 Athletics Auction 97745 65925 31820 368 16004 15625 8255 1 27935 11485 16450 921 10526 8442 11393 614835 566565 48270 5658 10894 25002 15625 44467 101646 -53376 true YMCA of Northwest NC 301 N Main St Ste 1900 WinstonSalem NC 27101 560530015 501(c)(3) 14798 0 Research Subcontract W-S Chamber of Commerce 411 W Fourth St Ste 211 WinstonSalem NC 27101 560459820 501(c)(6) 10000 0 General Support & Membership West Virginia University 886 Chestnut Ridge Rd Morgantown WV 26506 550665758 115(2) 8418 0 Sponsored Research Subcontract Washington Center for Internships 1333 16th St MW Washington DC 20036 521019820 501(c)(3) 10000 0 Sponsorship University of Virginia 580 Massie Rd Charlottesville VA 22903 546001796 501(c)(3) 5606 0 Sponsored Research Subcontract University of Vermont Botany Dept Marsh Sci Bldg Burlington VT 05405 030179440 115(2) 6130 0 Sponsored Research Subcontract University of Tennessee 1505 W Cumberland Ave Knoxville TN 37916 626001636 115(2) 75467 0 Sponsored Research Subcontract University of Pittsburgh 5th Ave Bigelow Blvd Pittsburgh PA 15260 250965591 115(2) 11236 0 Sponsored Research Subcontract United Way of Forsyth County 301 North Main Street WinstonSalem NC 27101 237357234 501(c)(3) 8000 0 Charitable Contribution UNC School of the Arts 1533 S Main Street WinstonSalem NC 27127 566065273 115(2) 14800 0 Sponsored Subcontract UNC Greensboro 1500 Walker Rd Greensboro NC 27402 566001468 115(2) 8650 0 Research Subcontract Reynolda House Inc PO Box 7287 WinstonSalem NC 27109 560810676 501(c)(3) 490000 0 Operations Support Old Hickory Council BSA 6600 Silas Creek Parkway WinstonSalem NC 27106 560529985 501(c)(3) 9526 0 Charitable Contribution Northeastern University 400 Huntington Avenue Boston MA 02115 041679980 501(c)(3) 5700 0 Research Subcontract North Carolina A&T University 1601 E Market St Greensboro NC 27411 566000007 115(2) 31921 0 Research Subcontract National MS Society Cent NC 2211 W Meadowview Rd Ste 30 Greensboro NC 27407 135661935 501(c)(3) 10000 0 Charitable Contribution Medical College of Wisconsin 8701 Watertown Plank Road Milwaukee WI 53226 390806261 501(c)(3) 29322 0 Research Subcontract Leadership Winston-Salem 501 N Cleveland Ave Suite 3 WinstonSalem NC 27101 581574887 501(c)(3) 6000 0 Sponsorship General Support Kansas State University 2 Fairchild Hall Manhattan KS 66506 480771751 115(2) 79470 0 Research Subcontract Georgia Southern University 1332 Southern Drive Statesboro GA 30458 586002059 115(2) 88963 0 Research Subcontract Forte Foundation 6628 Tasajillo Trail Austin TX 78739 611457145 501(c)(3) 12500 0 Contrib for Scholarship Opportunity Fidelity Charitable Gift Fund PO Box 770001 Cincinnati OH 45277 110303001 501(c)(3) 37800 0 Chris Paul3 Foundation Contribution Eastern Kentucky University 521 Lancaser Ave Richmond KY 40475 611011211 115(2) 5067 0 Research Subcontract East Carolina University 1001 East 5th Street Greenville NC 27858 566000403 115(2) 10759 0 Research Subcontract Clemson University PO BOx 345714 Clemson SC 29634 576000254 501(c)(3) 5421 0 Research Subcontract Bookmarks Book Festival PO Box 11867 WinstonSalem NC 27116 542152610 501(c)(3) 7500 0 Sponsor Book Event 26 0 Third Party Schlarships 660 3887092 Study Abroad Scholarships 340 2658239 ROTC Scholarships 38 227965 Institutional Scholarships 1228 3974278 Grants for Student Travel 344 194978 General Tuition Scholarships 3168 63828592 Univ. charges Tuition discounts Departmental Scholarships 544 898541 Athletic Tuition Awards 278 9541422 Univ. charges Tuition discounts Athletic Room & Board 205 2421020 Grantmaker's Description of How Grants are Used Wake Forest University carefully selects qualified exempt organizations for its contributions and provides support for worthy projects and events in which the University has an interest.Grants provided to students are monitored either through use -for University tuition and fees- or by requiring substantiation from the students for research projects or scholastic travel grants. X X X X X X X true true X X X X X X true true false false false false false true false false Steven S Reinemund 393851 6000 25000 16453 441304 Ronald D Wellman 666188 30158 258616 15855 970817 Rogan Kersh 222286 106250 6596 48750 7445 391327 Nathan O Hatch PhD 759068 75000 114534 275721 56903 1281226 Nancy D Suttenfield 198714 17682 6702 223098 Matthew S Cullinan 134210 20000 6119 10290 20862 191481 Mark E Welker PhD 278374 11417 20784 20859 331434 Mark A Petersen 380183 50000 18650 51100 14860 514793 Lawrence D Hopkins MD 129761 144900 1188 21697 19885 317431 John D McConnell MD 998061 334267 38420 670368 20576 2061692 Jim B Grobe 2167495 61640 26687 28869 16877 2301568 Jeffrey Bzdelik 1307519 35113 12500 24819 1379951 James J Dunn 526980 110190 9034 161227 17029 824460 Jacquelyn S Fetrow PhD 243324 20000 7959 18522 9398 299203 J Reid Morgan 414012 50000 13600 25000 95218 597830 Craig O Thomas 194818 13667 60 43911 20486 272942 Blake D Morant 341101 15000 16303 25000 20036 417440 B Hofler Milam 404197 50000 23859 105021 19467 602544 Anita M Conrad 153097 3000 138 15875 14106 186216 Andrew R Chan 255057 100000 15179 45644 21664 437544 Ajay Patel PhD 361374 1000 138 25000 20103 407615 Sch J, Part III, Additional Information Part III, Additional Information The filing organization, as part of the compensation arrangement for President Nathan O. Hatch, forgave a loan to Dr. Hatch, creating taxable compensation in the amount of $54,941 (included in Schedule J, Part II, column(B)(iii)).The following individuals have amounts included in Schedule J, column D (nontaxable benefits) for tuition provided to family members under the Wake Forest University Tuition Concession Plan for Dependent Children, available to all employees.J. Reid Morgan: $70,065 Andrew R. Chan: $3,894Matthew S. Cullinan: $7,788Mark E. Welker: $3,505Mark E. Welker, PhD was the Interim Provost during the previous fiscal year. His Schedule J W-2 income shows compensation for the first six months of 2012 as Interim Provost and the last six months as a Professor.The compensation of Rogan T. Kersh, University Provost, includes a relocation and recruitment incentive payment.All compensation provided to John D. McConnell, M.D. was paid by a related organization for his services as an officer of that related organization (and other related organizations comprising the academic medical center of which the filing organizations Medical School is a part) and not for any of his services as an officer of the filing organization.The compensation provided to Lawrence D. Hopkins, MD is paid by a related organization for services as a faculty member and is not connected to his position as trustee of the filing organization. Sch J, Part I, Line 7 Part I, Line 7: Non-Fixed payments not listed above Various Officers and Key Employees have incentive compensation components contained in their employment agreements. These are often goal-based and are determined in the course of evaluation of the employee's performance by his or her supervisor or the compensation committee of the filing organization's board, as applicable. Others are awarded discretionary amounts, but within budgetary constraints. Other non-fixed payments may include sums for relocation that are typically included as a provision in an employment agreement. All such payments are reflected on the individual's W-2. Sch J, Part I, Line 1a Part I, Line 1a: Relevant information in regards to selections on 1a. Charter Travel: Charter travel is sometimes made available for various business and scheduling needs of the officers traveling. Athletics personnel sometimes use charters for team travel. Many of the chartered flights provided during the year were donated to the university. As such travel is for business purposes only, it is not treated as taxable.Travel for companions: Reimbursed spousal travel is allowed per the filing organization's policy when pursuant to a bona fide business purpose. To the extent that there is a business purpose for the travel, it is not treated as taxable.Tax indemnification: Individuals may have certain payments grossed up at the discretion of the President, Board of Trustees, CFO, or as dictated by their employment contract. All such payments are considered taxable.The President is provided lodging for the convenience of the University as a condition of his employment, and as such, pursuant to IRC Section 119, it is not deemed a taxable benefit. Certain personal services, such as cleaning, landscaping and maintenance, are provided as part of the operation of the President's University-owned residence. Social Club dues are provided by the University when membership fulfills a university business purpose. All such dues are monitored for personal use and included in taxable compensation when applicable.The President has a discretionary spending account which is monitored against the University's Accountable Plan. Any expenses deemed personal are treated as taxable compensation. C NC Capital Facs Fin Agcy 561592154 65818PEB1 2004-12-21 30760000 See Sch K, Part VI false false false B NC Capital Facs Fin Agcy 561592154 65818PEC9 2004-12-21 36605000 See Sch K, Part VI false false false A NC Capital Facs Fin Agcy 561592154 65818PHB8 2009-05-28 112612190 See Sch K, Part VI false false false C 13280000 30760000 270000 30490000 1999 false true true true B 8540000 36605000 300161 36304839 2001 true false true true A 113514794 5935159 1108136 59754924 46716575 2013 true false true true A false true true true false 0.00000 0.00365 0.00365 true C false true See Part V 8.5000 false true false false false B false false false false true A false false false false false C true B true A true Supplemental Information Part VI SCHEDULE K, PART IBond A,Col(a) Issuer's Name: North Carolina Capital Facilities Finance AgencyBond A,Col(f) The Educational Facilities Revenue Bonds (Wake Forest University), Series 2009 were used for New Capital Facilities and to refund two lines of credit, dated 2/28/2007 and 11/4/2008. The credit lines originated to begin construction on the facilities which were ultimately financed by the Series 2009 TE Bonds.Bond B,Col(a) Issuer's Name: North Carolina Capital Facilities Finance AgencyBond B,Col(f) The Variable Rate Educational Facilities Revenue Bonds (Wake Forest University), Series 2004A, were used to refund two previous bond issues and a line of credit. Prior Bond issues refunded were dated 12/02/2000 (Exempt bonds) and 12/17/1997 (taxable bonds). The 2004A bond also refunded the line of credit, dated 11/1/2004, which had refunded the maturing principal due on 11/1/04 of the 12/17/1997 tax exempt bond issue. Bond C,Col(a) Issuer's Name: North Carolina Capital Facilities Finance AgencyBond C,Col(f) The Variable Rate Educational Facilities Revenue Bonds (Wake Forest University), Series 2004B were used for refunding the tax exempt bonds issued 12/17/1997. SCHEDULE K, PART IV, COLUMN C, LINE 3bHedge Providers: Bank of America, N.A. and Wachovia Bank, N.A. The Bank of America, N.A. hedge was terminated in 2009. The Wachovia Bank, N.A., now Wells Fargo Bank, N.A., hedge was terminated in 2011. Nathan Hatch Pres Life ins X 274707 109883 false true true 109883 109414 Scholarships Education James G Conrad Jr Spouse of Officer 400 Raffle Prize Fundraising 81358 Tuition Waiv Benefit Plan Flow Performance CenterL See Part V 105126 purchase of vehicles false Muriel Hopkins See Part V 46685 Employee Wages false Julia Hatch See Part V 57869 Employee Compensation false Blue CrossBlue Shield NC See Part V 3536613 Health Plan Administrator false Brian A Kell See Part V 49287 Employee Wages false IMG College See Part V 118079 Athl supplies,services false IMG College See Part V 2246805 Licensing Royalties false Part IIIThe University has an employee dependent tuition remission benefit plan, which is available to all employees and their eligible dependents.The filing organization's Board includes undergraduate student trustees who are financial aid recipients. As noted in Form 990, Part III, almost 60% of our graduate and undergraduate students receive financial aid. In the current year, financial aid was received by student trustees.Part IVIMG College: Organization trustee, Benjamin C. Sutton, Jr., is an officer of IMG College. WFU receives royalties from IMG's marketing of the University's trademarks and sports logo items. The University purchases certain supplies and services from IMG for use in its Athletic Program.Brian A. Kell: Family member of the organization's key employee, Dr. Jacquelyn S. Fetrow, was paid wages for his employment with the filing organization.Blue Cross/Blue Shield of North Carolina: A trustee of the filing organization, L. Steven Nelson, is the Chair of the Blue Cross/Blue Shield of North Carolina (BCBSNC) Board of Directors.Julia Hatch: Family member of the organization's president, Nathan O. Hatch, was paid wages for her employment with the filing organization.Muriel Hopkins: Family member of organization's trustee, Lawrence D. Hopkins, M.D., was paid wages for her employment with the filing organization.Flow Performance Center, LLC: Filing organization's trustee, Donald E. Flow, is an officer of the interested person, which sells vehicles to and services vehicles of the filing organization. X 98 71025 Sale proceeds X 371 8798078 Market Value X 4 1892035 FMV /Actuarial X 1 450000 Appraisal X 183 155294 Retail X 11 31192 Appraisal X Benefit tickets 5 9681 Retail X Auction goods 13 5895 Sale proceeds X Soccer equip 1 1500 FMV X Supplies 14 9670 FMV X Furniture 2 15322 FMV X Computer Equip 42 55016 FMV 4 false true true Part I, Line 33, Revenues Not Reported Wake Forest University received contributed services from donors valued at $418,887, courtesy cars used by employees make up a substantial portion of this. Part I, Line 32, Hire and Use of Third Parties Part I, Line 32b. The organization uses Charitable Auto Resources(CARS) to process and sell vehicle donations to its radio station. CARS acts as an agent for the Organization in this process, retaining a flat percentage fee and forwarding the net proceeds to the University.Various Banks and brokers are used to sell donated securities. Services provided to this and other related organizations, cont. The following person was compensated directly by Wake Forest University Health Sciences, a subsidiary organization of the filing organization for services performed for Wake Forest University and other organizations related to Wake Forest University. The position in each organization, and the average hours per week that is devoted to each entity, are shown below.John D. McConnell, M.D.Exec. VP for Health Affairs, filing organization 2 hours per weekCEO, WFU Baptist Medical Center 5 hours per weekCEO, Director, WFU Health Sciences 9 hours per weekCEO, Director, North Carolina Baptist Hospital 20.6 hours per weekDirector, Wake Forest Innovation Quarter Management Co. 1 hour per weekDirector, Wake Forest Innovation Quarter CDC 1 hour per weekDirector, Wake Forest Innovation Quarter Development Co. 0.2 hours per weekDirector, Idealliance Foundation 0.2 hours per weekDirector/Chair, President, Dialysis Centers [Group Return] 0.5 hours per weekPresident, Dialysis Access Group of WFU, LLC 0.5 hours per week Services Provided to this and other Related Organizations The following persons were compensated directly by Wake Forest University for services performed for Wake Forest University and other organizations related to Wake Forest University. Each person's position in each organization, and the average hours per week that they devote to each entity, are shown below.Nathan O. Hatch, Ph.D.President, Filing Organization 29 hours per weekPresident, Wake Forest University Foundation 0.2 hours per weekPresident, Wake Forest University Development Foundation 0.3 hours per weekDirector and Officer, WFU Health Sciences 3 hours per weekOfficer, Reynolda House, Inc. 0.5 hours per weekDirector, Wake Forest University Baptist Medical Center 4 hours per weekDirector/Board Chair, Wake Forest Innovation Quarter CDC 2 hours per weekDirector, Wake Forest Innovation Quarter Management Co. 1 hour per weekJ. Reid MorganSecretary and General Counsel, Filing Organization 20 hours per weekSecretary, Wake Forest University Foundation 0.2 hours per weekSecretary, Wake Forest University Development Foundation 0.3 hours per weekSecretary and General Counsel, WFU Health Sciences 8 hours per weekAssistant Secretary, WFU Baptist Medical Center 8 hours per weekDirector, Secretary, Wake Forest Innovation Quarter CDC 2 hours per weekDirector, Secretary, WFIQ Management Co. 0.6 hours per weekSecretary, Wake Forest Innovation Quarter Development Co. 0.2 hours per weekSecretary, Idealliance Foundation 0.2 hours per weekSecretary, Dialysis Centers (Group Return) 0.5 hours per weekThe James W. Denmark Loan Fund, Incorporated 0.3 hours per weekAnita M. ConradAssistant Secretary, Filing Organization 20 hours per weekAssistant Secretary, Wake Forest University Foundation 0.2 hours per weekAssistant Secretary, WFU Development Foundation 0.3 hours per weekAssistant Secretary, WFU Health Sciences 10 hours per weekAssistant Secretary, Wake Forest Innovation Quarter CDC 5 hours per weekAssistant Secretary, WF Innovation Quarter Management Co. 1 hours per week Reynolda House 0.5 hours per weekWFU Baptist Medical Center 3 hours per weekB. Hofler MilamVice President, Filing Organization 39.0 hours per weekVice President, WFU Foundation 0.2 hours per weekVice President, WFU Development Foundation 0.3 hours per weekOfficer, Reynolda House 0.5 hours per weekJames J. DunnCheif Investment Officer, Filing Organization 39.5 hours per weekTreasurer, The James W. Denmark Loan Fund, Incorporated 0.5 hours per week[Duties include investment of endowment for the benefit of related organizations, Wake Forest University Health Sciences and Reynolda House, Inc.]Rogan KershProvost, Filing Organization 40.0 hours per week PART V, LINE 4b: Foreign Accounts INTEREST IN OR AUTHORITY OVER A FOREIGN ACCOUNTNAME OF COUNTRY: United Kingdom, France, Spain, Austria, Italy, Canada, Nicaragua, Cayman Islands. Form 990, Part VI, Line 19 Form 990, Part VI, Line 19: Other Organization Documents Publicly Available The organization's Articles of Incorporation are available to the public on request and are available on the website of the North Carolina Secretary of State. The organization's bylaws are not published, but provisions from the bylaws are included as necessary in the organization's policies. The organization's conflicts of interest policy is available to the public on request. The organization's consolidated financial statements are made available to the public on the University's website. Form 990, Part VI, Line 15b Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees An external compensation consultant experienced in higher education compensation presents available total compensation comparability data for the positions for which compensation is being determined. Other sources of data are used as well to supplement this process. The data is reviewed by the Compensation Committee of the organization's governing board at its meeting; none of the members of that committee are employees of the organization. The Compensation Committee of the organization's governing board has been delegated the authority to review and approve compensation. Minutes of the deliberations of the committee are contemporaneously recorded. In the event that any member of the Compensation Committee has a conflict of interest, that committee member does not participate in the deliberation or approval process and their abstention from the process is reflected in the minutes. Form 990, Part VI, Line 15a Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management An external compensation consultant experienced in higher education compensation presents available total compensation comparability data for the positions for which compensation is being determined. Other sources of data are used as well to supplement this process. The data is reviewed by the Compensation Committee of the organization's governing board at its meeting; none of the members of that committee are employees of the organization. The Compensation Committee of the organization's governing board has been delegated the authority to review and approve compensation. Minutes of the deliberations of the committee are contemporaneously recorded. In the event that any member of the Compensation Committee has a conflict of interest, that committee member does not participate in the deliberation or approval process and their abstention from the process is reflected in the minutes. Form 990, Part VI, Line 12c Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts The organization requires officers and key employees to annually review the Conflicts of Interest Policy and describe any potential conflicts on a questionnaire. Any potential conflicts noted in the questionnaire are reviewed by a standing committee for appropriate resolution. All members of the Board of Trustees are required to determine and report annually, and as they arise, any potential conflicts of interest to the Secretary of the Board of Trustees. The resolution of potential and actual conflicts is subject to the approval of the Chair of the Board (or Vice Chair, as to conflicts involving the Chair) and is reported to the Chair of the Audit & Compliance Committee of the Board of Trustees. Form 990, Part VI, Line 11b Form 990, Part VI, Line 11b: Form 990 Review Process The organization sends a draft of the Form 990 to its governing board (Board of Trustees) prior to its filing, allowing adequate time for follow-up questions and comments. The draft form is reviewed in detail with the Audit & Compliance Committee of the organization's Board of Trustees. The organization provides a copy of the Form 990 as finalized to all members of both the Audit & Compliance Committee and the entire Board of Trustees for comments and questions prior to filing the Form 990 with the IRS. Form 990, Part VI, Line 2 Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et Winston-Salem is a relatively small city, and some of the officers, key employees, and trustees of the filing organization (the "specified group") have routine business dealings with each other. These include the following: the University's Key Employee, Steven Reinemund is on the Board of Directors of American Express, which company issues cards used by the University and a number of others in the specified group; another trustee is a Director of Blue Cross Blue Shield of North Carolina, which company provides health insurance plans/services to the filing organization and possibly others in the specified group and their businesses; some trustees are members or employees of law firms that provide legal services to some of the specified group or to businesses owned or operated by members of the specified group and to the filing organization; some members of the specified group do business with a car dealership owned by a trustee; and some members of the specified group have banking relationships with banks in which trustees are executives; members of the specified group may also have common investments. As noted in the response to Part VI, Question 12, however, the filing organization has a written conflict of interest policy designed to ensure that none of these transactions adversely affect the filing organization. Interested party transactions with the filing organization that meet the required thresholds, if any, are disclosed on Schedule L. Form 990, Part III, Line 4d Form 990, Part III, Line 4d: Other Program Services Description OTHER PROGRAM SERVICES 4: Wake Forest University maintains a campus with academic buildings, research laboratories, student dormitories, with space for fraternities and sororities, and recreational facilities. The grounds add to the student experience. The organization also has other auxiliary enterprises designed to enhance and improve the University and the surrounding community. The University supports, with occasional gifts, local exempt organizations, in order to enhance arts and culture in the area. Client Note 1 - Wake Forest University2012 year ended 6/30/2013Attachment to Form 990-TSTATEMENT 6PART V, LINE 1: INTEREST IN OR AUTHORITY OVER A FOREIGN ACCOUNTNAME OF COUNTRY: United Kingdom, France, Spain, Austria, Italy, Nicaragua, Canada, Cayman Islands. Wake Forest University Spain SL C/Toro 84-90 Oficina Izquierda Salamanca Salamanca SP 37120 study abroad educ. activities SP 29721 NA Creative Cafe LLC PO Box 7201 WinstonSalem NC 27109 263700428 Restaurant NC 7595 NA Deacon Blvd Holdings I LLC PO Box 7201 WinstonSalem NC 27109 262203211 Real Estate Holding - Currently Inactive NC NA The James W Denmark Loan Fund Inc PO Box 7354 WinstonSalem NC 27109 560774769 Student Loan Financing NC 501(c)(3) Line 11a, I NA false WFUBMC Community Physicians CP Medical Center Blvd WinstonSalem NC 27157 561903275 Operates Primary Care Clinics NC 501(c)(3) Line 3 WFU Health Sciences false Dialysis Access Group - Wake Forest Univ Medical Center Blvd WinstonSalem NC 27157 204241942 Provide dialysis treatments to patients NC 501(c)(3) Line 9 WFU Health Sciences false Wake Forest Innovation Quarter CDC Medical Center Blvd WinstonSalem NC 27157 200177581 Research Park & community economic development NC 501(c)(3) Line 11a, I WFU Health Sciences false Idealliance Foundation Medical Center Blvd WinstonSalem NC 27157 562094060 Educational activities supporting Idealliance NC 501(c)(3) Line 11a, I WFU Health Sciences false Wake Forest Innovation Quarter Mgmt Co Medical Center Blvd WinstonSalem NC 27157 061818498 Research park development oversight NC 501(c)(3) Line 11a, I WFU Health Sciences false Wake Forest Innovation Quarter Devel Co Medical Center Blvd WinstonSalem NC 27157 562094067 Research Park development NC 501(c)(6) Line 11a, I WFU Health Sciences false Wake Forest Univ Health Sciences Group Medical Center Blvd WinstonSalem NC 27157 900222618 Kidney dialysis treatment centers NC 501(c)(3) Line 11a, I WFU Health Sciences false Wake Forest Univ Baptist Med Center Medical Center Blvd WinstonSalem NC 27157 510190238 Supports WFU, WFU Health Sciences, NC Baptist Hospital NC 501(c)(3) Line 11a, I WFU 50 & NC Baptist Hospital 50 false Reynolda House Inc PO Box 7287 WinstonSalem NC 27109 560810676 Museum of American Art NC 501(c)(3) Line 7 Wake Forest University true Wake Forest University Development Fndn PO Box 7201 WinstonSalem NC 27109 562038194 Management/Sale of charitable real property donations NC 501(c)(3) Line 11a, I Wake Forest University true Wake Forest University Health Sciences Medical Center Blvd WinstonSalem NC 27157 223849199 Medical Education, research and patient care NC 501(c)(3) Line 2 Wake Forest University true Wake Forest University Foundation PO Box 7201 WinstonSalem NC 27109 562038193 Real Estate Holding and Management NC 501(c)(3) Line 11a, I Wake Forest University true WFU - 8 CRUT PO BOX 7201 WINSTONSALEM NC 27109 912131579 Investment NC WFU T 64714 0.74900 false WFU - 5 CRAT PO Box 7201 WinstonSalem NC 27109 566537111 Investment NC WFU T 1302114 0.79420 false WFU - 5 CRUT PO Box 7201 WinstonSalem NC 27109 566554614 Investment NC WFU T 629696 0.68790 false WFU - 5 CRUT PO Box 7201 WinstonSalem NC 27109 466427408 Investment NC WFU T 150571 1.00000 false WFU - 7 CRUT PO Box 7201 WinstonSalem NC 27109 582045283 Investment NC WFU T 215731 0.51600 false WFU - 6 CRUT PO Box 7201 WinstonSalem NC 27019 566476872 Investment NC WFU T 125105 0.53640 false WFU - 79 CRAT PO Box 7201 WinstonSalem NC 27109 566555544 Investment NC WFU T 404385 0.64990 false WFU - 5 CRAT PO Box 7201 WinstonSalem NC 27109 912054143 Investment NC WFU T 57478 0.66780 false WFU - 6 CRUT PO Box 7201 WinstonSalem NC 27109 900237204 Investment NC WFU T 193828 0.64560 false WFU - 6375 CRUT PO Box 7201 WinstonSalem NC 27109 566459446 Investment NC WFU T 93720 0.58030 false WFU - 6 CRUT PO Box 7201 WinstonSalem NC 27109 911832851 Investment NC WFU T 375505 0.66440 false WFU - 6 CRUT PO Box 7201 WinstonSalem NC 27109 566473036 Investment NC WFU T 164125 0.66440 false WFU - 6 CRUT PO Box 7201 WinstonSalem NC 27109 582175582 Investment NC WFU T 34656 0.66420 false WFU - 5 CRUT PO Box 7201 WinstonSalem NC 27109 566562122 Investment NC WFU T 51276 0.64260 false false true true true false false false false false false false false false false true true true false false Reynolda House Inc q 2105526 Cash Transfer Reynolda House Inc b 490000 GeneralSupport Wake Forest University Development Fndn o 67146 FMV Wake Forest University Health Sciences q 9576459 Cash Transfer Wake Forest University Health Sciences p 3379139 Cash Transfer Wake Forest University Health Sciences c 1000000 Cash Transfer Wake Forest University Foundation o 80469 FMV Related Party Disclosures Pursuant to Articles of Amendment filed March 25, 2013 the following related organizations listed in Schedule R changed their names, as follows:"Piedmont Triad Research Park" became "Wake Forest Innovation Quarter CDC""PTRP Development Corporation" became "Wake Forest Innovation Quarter Management Co.""Idealliance" became "Wake Forest Innovation Quarter Development Co."