2014-08-15T09:13:38-05:00 2013-09-30 ERNST & YOUNG US LLP 1101 NEW YORK AVENUE NW WASHINGTON DC 20005 990 2012-10-01 900893457 WAKEMED % MICHAEL DEVAUGHN WAKE 9193500522 3000 NEW BERN AVENUE Suite RALEIGH NC 27610 MICHAEL D DEVAUGHN 2014-08-15 2023277097 2012 2015-11-30 17:44:51Z DONALD GINTZIG 3000 NEW BERN AVENUE RALEIGH NC 27610 97399371 true true 5881 X WWW.WAKEMED.ORG X TO PROVIDE OUTSTANDING AND COMPASSIONATE CARE TO THE COMMUNITIES WE SERVE. 41 41 0 230 0 9212751 3593051 56373820 62900821 2218882 1952899 -460697 -140506 67344756 68306265 0 17500 0 0 476895 1199251 0 0 47256 13087953 18350637 13564848 19567388 53779908 48738877 123314913 136095506 13321037 17465716 109993876 118629790 X TO MAINTAIN AND OPERATE PROPERTIES, AID AND PROMOTE THE IMPROVEMENT AND DEVELOPMENT OF WAKEMED'S EDUCATIONAL AND SCIENTIFIC PROGRAMS AND TO TRANSFORM HEALTHCARE THROUGH PHILANTHROPY BY RAISING FRIENDS, FUNDS, AND FUTURE LEADERS FOR WAKEMED. false false 15880745 0 12262565 PROPERTY MANAGEMENT - PURCHASES, LEASES AND MAINTAINS PROPERTIES IN WAKE, JOHNSTON AND HARNETT COUNTIES FOR THE PURPOSE OF LEASING OR SUBLEASING SPACE TO WAKEMED AND OTHER MEDICAL PROVIDERS TO EXPAND THE ACCESSIBILITY OF MEDICAL SERVICES IN THE VICINITY. CURRENTLY OWNS AND MAINTAINS TWENTY-THREE PROPERTIES (INCLUDING LAND FOR FUTURE DEVELOPMENT), THIRTY-ONE LEASED PROPERTIES AND MANAGES TWO PROPERTIES OWNED BY WAKEMED. MULTIPLE WAKEMED DEPARTMENTS AND PHYSICIAN PRACTICES OCCUPY THE OWNED AND LEASED SPACE INCLUDING FOUR FREE STANDING EMERGENCY DEPARTMENTS IN PREVIOUSLY UNDER-SERVED AREAS, THREE MOBILE CRITICAL CARE AMBULANCE DEPARTMENTS, SIX OUTPATIENT IMAGING DEPARTMENTS AND THREE OUTPATIENT REHABILITATION DEPARTMENTS THROUGHOUT WAKE AND SURROUNDING COUNTIES. THERE ARE FIFTY-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 SERVICE TO ENHANCE ACCESS TO CARE FOR ALL THE RESIDENTS OF THE COMMUNITIES SERVED. IN MOST INSTANCES, THE LOCATIONS LEASED OR MAINTAINED ARE IN THOSE AREAS OF THE MARKET EXPERIENCING RAPID GROWTH BUT WITH LIMITED OPTIONS FOR MEDICAL CARE INCLUDING PRIMARY CARE AND SPECIALISTS. 3261869 3456155 0 FUND-RAISING - A CHARITABLE RESOURCE FOR WAKEMED, SUPPORTING THE HEALTH SYSTEM IN ITS COMMITMENT TO PROVIDING QUALITY HEALTHCARE TO ALL CITIZENS OF THE COMMUNITY. WAKEMED IS MORE THAN TECHNOLOGY AND EXPERTISE, IT IS A HAVEN WHOSE DOORS ARE OPEN TO EVERYONE IN NEED. FUND-RAISING ACTIVITIES SUPPORT WAKEMED THROUGH FRIEND RAISING 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, WE HAVE HELPED FURTHER WAKEMED'S MISSION IN THE COMMUNITY. 0 136894 50601652 PATIENT CARE - A MULTI-SPECIALTY PHYSICIAN PRACTICE WITH OFFICES AT SEVERAL LOCATIONS. THE PHYSICIANS AND OTHER PROVIDERS IN THOSE PRACTICES ARE DEDICATED TO PROVIDING STATE-OF-THE-ART TECHNOLOGY AND CARE TO PATIENTS IN WAKE COUNTY AND SURROUNDING REGIONS. WE ENCOMPASS TWENTY-THREE SPECIALTY AREAS OF CARE AND SERVE OVER 200,000 THOUSAND OUTPATIENTS A YEAR. IN ADDITION, HOSPITALISTS AND INTENSIVISTS PROVIDE INPATIENT BASED SERVICES TO THOUSANDS OF PATIENTS ANNUALLY MANY OF WHICH DO NOT HAVE A PHYSICIAN HOME. OTHER SPECIALISTS SUPPORT THE SIGNATURE PROGRAMS OF THE HEALTH SYSTEM SUCH AS HEART AND VASCULAR SERVICES, TRAUMA, NEONATAL INTENSIVE CARE AND CHILDREN'S SERVICES. OUR PHYSICIAN PRACTICES PROVIDE TRAINING FOR RESIDENTS, MEDICAL STUDENTS, PA'S AND NP'S FROM UNC CHAPEL HILL SCHOOL OF MEDICINE, CAMPBELL UNIVERSITY, EAST CAROLINA UNIVERSITY AND ALSO THE NC AREA EDUCATIONAL CENTER (AHEC) IN THEIR MISSION OF EDUCATION AND RESEARCH. WE PROVIDE OPPORTUNITIES TO 200 RESIDENTS A YEAR AS PART OF THE ORGANIZATIONS MISSION TO IMPROVE DISTRIBUTION AND RETENTION OF PHYSICIANS IN NORTH CAROLINA. PHYSICIANS PARTICIPATE IN RESEARCH ACTIVITIES TO HELP PROMOTE THE ENHANCEMENT OF THE QUALITY OF CARE AND ADDRESS THE HEALTHCARE NEEDS OF THE UNDER-SERVED COMMUNITIES AND POPULATIONS. 19142614 true true false false false false false false false true true false false false true false false true false false false false false false true false false false true true false false false false false true true false true false false false false true false false false true 0 0 0 false false false false false false false false X 41 41 false false false false false true true true true false false true true true true true true false false false X MICHAEL DEVAUGHN 9193500522 3000 NEW BERN AVENUE RALEIGH NC 27610 X WILLIAM MCBRIDE 3.25 0.0 X 0 0 BRENDA GIBSON 2.5 0.0 X 0 0 JERRY BERNSTEIN MD 2.5 0.0 X 0 0 RICHARD BAKER 2.75 0.0 X 0 0 LARRY D BARBOUR 2.5 0.0 X 0 0 ROBERT CERWIN MD 2.25 0.0 X 0 0 A BLANTON GODFREY PHD 2.0 0.0 X 0 0 DAB HUGHES 1.25 0.0 X 0 0 WILLIAM R MCNEIL 2.5 0.0 X 0 0 LESLIE MERRITT JR 2.25 0.0 X 0 0 DON MUNFORD 1.75 0.0 X 0 0 JACK NICHOLS 2.5 0.0 X 0 0 CHRISTINA ALVARDO SHANAHAN 2.5 0.0 X 0 0 LORRAINE M WRIGHT PHD 2.5 0.0 X 0 0 SHELDON FOX CPA 4.0 0.0 X 0 0 BLOUNT WILLIAMS 4.0 0.0 X 0 0 VIRGINIA ANTHONY 4.0 0.0 X 0 0 PETER SCOTT III 4.0 0.0 X 0 0 MICHAEL ANDERSON 4.0 0.0 X 0 0 AUDIE BAREFOOT JR 4.0 0.0 X 0 0 HOLLY BURGE MD 4.0 0.0 X 0 0 GREG CARR 4.0 0.0 X 0 0 TIM CARROLL 4.0 0.0 X 0 0 MIKE CONDREY 4.0 0.0 X 0 0 HENRY DARNELL 4.0 0.0 X 0 0 BILL DAWKINS 4.0 0.0 X 0 0 SHARON FOSTER MD 4.0 0.0 X 0 0 MIKE GRAY 4.0 0.0 X 0 0 RICK GUIRLINGER 4.0 0.0 X 0 0 LAURA HELTON 4.0 0.0 X 0 0 EILEEN M HENDREN 4.0 0.0 X 0 0 HOWIE JUNG 4.0 0.0 X 0 0 MICHAEL PAINTER 4.0 0.0 X 0 0 SHRIN RAJAGOPALAN MD PHD 4.0 0.0 X 0 0 KRISTIN REPLOGE 4.0 0.0 X 0 0 MARY NASH RUSHER 4.0 0.0 X 0 0 DON STEPHENSON 4.0 0.0 X 0 0 KAEL STOLZ 4.0 0.0 X 0 0 JEFF STOCKS 4.0 0.0 X 0 0 EDWARD STORY 4.0 0.0 X 0 0 TISH TURNER 4.0 0.0 X 0 0 WILLIAM K ATKINSON II 70.0 0.0 X 1176987 82501 MICHAEL D DEVAUGHN 65.0 0.0 X 595774 36767 THOMAS GETTINGER 70.0 0.0 X 586536 62937 ROYLYN JOHNSON 50.0 0.0 X 108102 15945 KATHLEEN K GORMLEY 65.0 0.0 X 632089 50543 DAVID C COULTER 65.0 0.0 X 450127 48324 JEANENE R MARTIN 65.0 0.0 X 342404 42709 E DENTON ARLEDGE 60.0 0.0 X 337918 47973 THOMAS G CAVENDER 50.0 0.0 X 303036 46475 CAROLYN KNAUP 65.0 0.0 X 294620 44090 BETSY GASKINS-MCCLAINE 70.0 0.0 X 275753 38930 CYNTHIA ALNESS-BOILY 60.0 0.0 X 416168 34211 VICKI BLOCK 54.0 0.0 X 338061 22840 DUDLEY HARRINGTON 60.0 0.0 X 329951 35991 GEORGIA C SUMIEL 50.0 0.0 X 237432 34895 GURVINDER S DEOL 65.0 0.0 X 954274 77433 JONATHAN D CHAPPELL 65.0 0.0 X 776842 53790 TIMOTHY E HARRIS 65.0 0.0 X 733480 65554 MARK L WOOD 65.0 0.0 X 703902 64402 BRIAN M GO 70.0 0.0 X 695100 60838 THOMAS FETZER 0.0 0.0 X 120000 0 0 10408556 967148 0 true true false JANI-KING 801 JONES FRANKLIN RD 230 RALEIGH NC 27606 JANITORIAL SERVICES 783283 GREENE SOLUTIONS GROUP PO BOX 21 SANDY SPRINGS SC 29677 JANITORIAL SERVICES 104526 2 645974 136896 2810181 2522960 3593051 OUTPATIENT SERVICES 621500 50601652 50601652 RENTAL INCOME 531120 12299169 12299169 62900821 737710 737710 0 0 36861 49154 -12293 0 -12293 -12293 29887787 28672598 1215189 1215189 1215189 279745 645974 371354 -91609 -91609 0 0 LOSS IN QTS (LAUNDRY) 900003 -36604 -36604 -36604 68306265 62864217 1848997 0 17500 17500 0 0 0 0 1083454 1083454 26569 26569 51435 51435 37793 37793 1886 1886 8927 7993 934 13755 13755 0 0 106708 106708 304482 236116 68366 13722 13722 130460 107594 22866 0 0 9817000 9817000 4119 1587 2532 0 22314 22314 0 2618946 2618946 3272538 3272538 224071 224071 JANITORIAL & CLEANING 1120274 1120274 REPAIRS & MAINT. 661101 616592 44509 ALL OTHER EXPENSES 30334 18949 165 11220 19567388 19142614 377518 47256 -382244 -129099 2802996 4519485 6978822 6552601 3680388 5033775 0 0 0 0 1030312 3085540 0 0 790737 906554 107908555 19960089 81620011 87948466 24258625 25597956 0 0 2328733 2291129 0 0 206533 289099 123314913 136095506 540265 480850 0 0 28646 66823 0 0 0 0 0 0 12391947 16051471 0 0 360179 866572 13321037 17465716 X 77077926 83499898 31363074 33342185 1552876 1787707 109993876 118629790 123314913 136095506 X 48738877 341319 -40444282 X false true X true false X X X false false false WAKEMED 566017737 03 true true true 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1552877 121826 155712 35354 7354 1787707 881962 566974 124217 20237 39 1552877 58979 757594 65389 881962 55615 3364 58979 64113 -8498 55615 0.04000 0.96000 false false 27603146 27603146 56850731 15934895 40915836 1505262 547878 957384 1624482 961458 663024 20324934 2515858 17809076 87948466 0 DEFERRED RENT EXPENSE 746710 DEFERRED REVENUE 72080 DEFERRED LANDLORD INCENTIVE 32992 CHARITABLE GIFT ANNUITY 14790 866572 SCHEDULE D, PART V, LINE 4 THE FIRST 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 SECOND FUND'S EARNING WILL BE USED TO SUPPORT THE ADVANCEMENT OF KNOWLEDGE AND CLINICAL SKILLS BY NURSES AND OTHER CERTIFIED HEALTH CARE WORKERS AT WAKEMED THROUGH ENROLLMENT IN UNDERGRADUATE DEGREE PROGRAMS OR QUALIFIED CEU SEMINARS AND TRAINING EVENTS. GALA 2013 720149 607649 112500 GALA 2012 129775 16525 113250 16156 128095 48400 156948 6 75795 21800 53995 13022 8733 925719 645974 279745 16156 141117 48400 165681 371354 -91609 true NURSING/ALLIED HEALTH SCHOLARSHIPS 12 17500 NURSING SCHOLARSHIPS SCHEDULE I, PART III THE EDUCATION 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 WILL BE RETURNED TO THE HELTON FUND AT THE WAKEMED FOUNDATION. THE RECIPIENT MUST REMAIN EMPLOYED AT WAKEMED FOR ONE YEAR AFTER THE AWARD OR ELSE RETURN FUNDS RECEIVED TO THE HELTON FUND AT THE WAKEMED FOUNDATION. THE STUDENT MUST MAINTAIN 2.5 GPA. THE RECIPIENT MUST SUBMIT PROOF OF STUDY COMPLETION (TRANSCRIPTS, FINAL GRADE DOCUMENTATION, ETC.) TO THE HELTON ENDOWMENT SCHOLARSHIP COMMITTEE WITHIN 90 DAYS OF COMPLETION. false true false false false false false true false WILLIAM K ATKINSON II 804417 363202 9368 0 62090 0 20411 0 1259488 0 0 MICHAEL D DEVAUGHN 418664 160108 17002 0 29730 0 7037 0 632541 0 0 THOMAS GETTINGER 426593 143074 16869 0 41300 0 21637 0 649473 0 0 KATHLEEN K GORMLEY 444439 169445 18205 0 39641 0 10902 0 682632 0 0 DAVID C COULTER 358618 73681 17828 0 33725 0 14599 0 498451 0 0 JEANENE R MARTIN 263429 63273 15702 0 28269 0 14440 0 385113 0 0 E DENTON ARLEDGE 281017 52569 4332 0 27735 0 20238 0 385891 0 0 THOMAS G CAVENDER 241436 44185 17415 0 26365 0 20110 0 349511 0 0 CAROLYN KNAUP 238846 40327 15447 0 24879 0 19211 0 338710 0 0 BETSY GASKINS-MCCLAINE 237657 37563 533 0 25301 0 13629 0 314683 0 0 CYNTHIA ALNESS-BOILY 297814 75557 42797 0 15000 0 19211 0 450379 0 0 VICKI BLOCK 268308 54263 15490 0 15000 0 7840 0 360901 0 0 DUDLEY HARRINGTON 266041 52448 11462 0 15000 0 20991 0 365942 0 0 GEORGIA C SUMIEL 202614 34162 656 0 23380 0 11515 0 272327 0 0 GURVINDER S DEOL 462270 490791 1213 0 55564 0 21869 0 1031707 0 0 JONATHAN D CHAPPELL 518928 257469 445 0 46791 0 6999 0 830632 0 0 TIMOTHY E HARRIS 588129 144696 655 0 46170 0 19384 0 799034 0 0 MARK L WOOD 609890 92635 1377 0 44033 0 20369 0 768304 0 0 BRIAN M GO 410719 282689 1692 0 43713 0 17125 0 755938 0 0 THOMAS FETZER 120000 0 0 0 0 0 120000 0 0 SCHEDULE J, PART I, LINE 1A ALL COMPENSATION PAID TO INDIVIDUALS REPORTED IN SCHEDULE J, PART II IS PAID BY THE COMMON PAYMASTER, WAKEMED HOSPITAL. TAX INDEMNIFICATION, GROSS-UP, TRAVEL FOR COMPANIONS AND HOUSING ALLOWANCE ARE PAID TO SOME KEY EMPLOYEES. GROSS-UP AND HOUSING ALLOWANCE ARE INCLUDED IN TAXABLE COMPENSATION. CEO BENEFITS REQUIRING GROSS-UP ARE COVERED BY HIS EMPLOYMENT AGREEMENT; ANY ADDITIONAL ONES ARE APPROVED BY THE BOARD OF DIRECTORS. CEO TRAVEL FOR SPOUSE IS INCLUDED IN HIS EMPLOYMENT CONTRACT. SCHEDULE J, PART I, LINE 4B WILLIAM K. ATKINSON $46,172; MICHAEL DEVAUGHN $21,797; KATHLEEN GORMLEY $23,759; THOMAS GETTINGER $25,787; DAVID COULTER $17,702; JEANENE MARTIN $13,010; E. DENTON ARLEDGE $12,148; THOMAS CAVENDER $11,143; CAROLYN KNAUP $9,686; BETSY GASKINS-MCCLAINE $10,308; GEORGIA SUMIEL $8,745; GURVINDER DEOL $38,565; JONATHAN CHAPPELL $31,106; TIMOTHY HARRIS $29,620; MARK WOOD $28,484; BRIAN GO $28,124. SCHEDULE J, PART I, LINE 7 THE ORGANIZATION HAS INCENTIVE BASED PROGRAMS THAT ARE DRIVEN BY ACCOMPLISHING TARGETS ASSOCIATED WITH QUALITY OF CARE FOR DISCHARGE INSTRUCTIONS, PATIENT SATISFACTION AND MINIMUM OPERATING MARGIN. WE ALSO HAVE IMPLEMENTED A DEFERRED COMPENSATION PLAN FOR PHYSICIANS AND EXECUTIVES WHICH ARE BASED ON WHETHER CERTAIN FISCAL AND PERSONAL PERFORMANCE GOALS ARE MET. THOMAS FETZER FORMER BOARD MEMBER 120000 CONSULTING false SHELDON FOX SPOUSE OF BOARD MEMBER 113311 EMPLOYEE OF WAKEMED false BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS SCHEDULE L, PART IV, LINE 2 NAME OF PERSON: SHELDON FOX RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: SPOUSE OF BOARD MEMBER IS THE DIRECTOR OF PHYSICIANS RELATIONS AT WAKEMED. DESCRIPTION OF TRANSACTION: EMPLOYEE OF WAKEMED. X 2 25638 FMV X 1 2485000 APPRAISAL X LIFE INS. POLICY 1 12322 INSURANCE CO. STMT false true false DOING BUSINESS AS FORM 990, BOX C CARELINA MEDICAL ASSOCIATES MOSELEY MEDICAL GROUP WAKE COUNTY HOSPITAL SYSTEM MEDICAL EDUCATION FOUNDATION WAKEMED FACULTY PHYSICIANS WAKEMED FACULTY PHYSICIANS - RALEIGH CARDIOLOGY WAKEMED FACULTY PHYSICIANS - CAROLINA CARDIOLOGY WAKEMED FACULTY PHYSICIANS HOSPITALISTS - CARY WAKEMED FACULTY PHYSICIANS - HOSPITALISTS - RALEIGH WAKEMED FACULTY PHYSICIANS - LNTENSIVISTS RALEIGH WAKEMED FACULTY PHYSICIANS - PEDIATRIC HOSPITALISTS/LNTENSIVISTS WAKEMED FACULTY PHYSICIANS INTENSIVISTS - CARY WAKE PROFESSIONAL ASSOCIATES EAST SQUARE MEDICAL PLAZA WAKE MEDICAL CENTER FOUNDATION. MEMBERS, STOCKHOLDERS, OR OTHER PERSONS W/ POWER TO APPOINT GOVERNING BODY FORM 990, PART VI, SECTION A, LINE 7A EIGHT MEMBERS OF THE BOARD ARE APPOINTED TO THE BOARD OF DIRECTORS BY WAKE COUNTY. GOVERNANCE DECISIONS RESERVED TO MEMBERS, STOCKHOLDERS, OR PERSONS OTHER THAN THE GOVERNING BODY FORM 990, PART VI, SECTION A, LINE 7B 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 ON LIENS. DISSEMINATION OF FORM 990 TO ALL MEMBERS OF THE GOVERNING BODY FORM 990, PART VI, SECTION B, LINE 11A THE 990 AND SCHEDULES ARE REVIEWED BY THE FINANCE COMMITTEE OF THE WAKEMED BOARD OF DIRECTORS AND THEN THEY RECOMMEND APPROVAL TO THE WAKEMED BOARD. A FINAL COPY IS PROVIDED TO THE WAKEMED BOARD OF DIRECTORS BEFORE FILING. MONITORING WRITTEN CONFLICT OF INTEREST POLICY FORM 990, PART VI, SECTION B, LINE 12C 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 TO ADDRESS 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 AS 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. PROCESS FOR DETERMINING COMPENSATION OF CEO, EXEC. DIR., OR TOP MGMT OFFICIAL FORM 990, PART VI, SECTION B, LINE 15A ALL COMPENSATION REPORTED ON PART VII OF THE 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 REVIEW TO ENSURE CONSISTENT AND FAIR COMPENSATIONS PRACTICES. THE CEO'S COMPENSATION IS APPROVED BY THE WAKEMED HOSPITAL BOARD. AVAILABILITY OF FINANCIAL STMTS, CONFLICT OF INTEREST, ORGANIZING DOCS FORM 990, PART VI, SECTION C, LINE 19 THE 990 IS AVAILABLE BY REQUEST AND IS PUBLISHED ON GUIDESTAR. FINANCIAL STATEMENTS ARE PUBLICLY AVAILABLE THROUGH THE MEDICAL CARE COMMISSIONERS' 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. OTHER CHANGES IN NET ASSETS FORM 990, PART XI, LINE 9 THE CHANGE IS DUE TO INTERCOMPANY CASH TRANSFERS TO WAKEMED. WAKEMED 3000 NEW BERN AVENUE RALEIGH NC 27610 566017737 HOSPITAL NC 501(C)(3) 3 NA false QUALITY TEXTILE SERVICES 313 SOUTH ROGERS LN RALEIGH NC 27610 561943802 TEXTILES NC NA C CORP -36604 2256485 0.50000 false false false false false false false false false true true false false false false false false true true false WAKEMED Q 54684775 CASH, FMV WAKEMED R 2618946 CASH WAKEMED I 685505 CASH WAKEMED J 7957857 CASH