2013-05-13T12:40:51-07:00 2012-06-30 990 2011-07-01 560532138 WAKE FOREST UNIVERSITY WAKE 3367585233 PO BOX 7201 WINSTONSALEM NC 27109 B Hofler Milam 2013-05-10 2011 2016-02-24 21:20:13Z Nathan O Hatch PhD PO Box 7226 WinstonSalem NC 27109 886400821 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. 43 40 5631 2150 3415376 -1327892 118321877 63600963 296020503 322090629 38006414 28835303 7135244 8363364 459484038 422890259 74729447 81883378 0 190473838 197560825 1017650 956384 19185092 115431335 120001530 381652270 400402117 77831768 22488142 1213005269 1221139374 325447085 341216280 887558184 879923094 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 173351762 67655306 253561295 Instruction of approximately 6,750 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 55 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. 60.6% of the graduate and undergraduate student population received financial aid awards. Approximately 4,093 students received scholarships or grants from the institution during the year. 89367673 12211760 77570497 Wake Forest maintains campus bookstores, housing and dining facilities, mail services and other program services, including Athletics. Athletic scholarships provided funding for 280 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. 46436421 593361 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. 24663678 753138 8911937 333819534 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 false false false true true true true false false true 8675 0 true 5631 true true true true OC false false false false false true true true 2 false false false true false false false false false false false X 43 40 true false true false false false false true true false false false true true true true true true true true false false WA SC RI PA OK OH NH MI ME MD IN DC CO AZ AK X X Brandon E Gilliland 3367585233 PO BOX 7201 WINSTONSALEM NC 27109 X David W Dupree 5.00 X 0 0 0 Charles Jeffrey Young 3.00 X 0 0 0 Katherine B Wright 3.00 X 0 0 0 James T Williams Jr 20.00 X 0 0 0 David I Wahrhaftig 3.00 X 0 0 0 Cathy Wall Thomas MD 3.00 X 0 0 0 Benjamin C Sutton Jr 3.00 X 0 0 0 Janice K Story 3.00 X 0 0 0 Adelaide A Sink 5.00 X 0 0 0 Matthew A Simari 3.00 X 0 0 0 Mitesh B Shah 5.00 X 0 0 0 Andrew J Schindler 3.00 X 0 0 0 Deborah K Rubin 3.00 X 0 0 0 Harold O Rosser 3.00 X 0 0 0 Gerald F Roach 4.00 X 0 0 0 Michael G Queen 3.00 X 0 0 0 Celeste M Pittman 3.00 X 0 0 0 L Steven Nelson 3.00 X 0 0 0 Richard H Moore 3.00 X 0 0 0 Kenneth D Miller 3.00 X 0 0 0 John K Medica 3.00 X 0 0 0 John M McAvoy 3.00 X 0 0 0 James J Marino 3.00 X 0 0 0 John R Lowden 3.00 X 0 0 0 Donald D Leonard 4.00 X 0 0 0 Deborah D Lambert 5.00 X 0 0 0 Alice Kirby Horton 3.00 X 0 0 0 Lawrence D Hopkins MD 3.00 X 0 274458 42204 James R Helvey III 4.00 X 0 0 0 Donald E Flow 4.00 X 0 0 0 Michael AJ Farrell 3.00 X 0 0 0 Frederick W Eubank II 3.00 X 0 0 0 Candy M Ergen 3.00 X 0 0 0 Thomas A Dingledine 5.00 X 0 0 0 Graham W Denton Jr 5.00 X 0 0 0 Bobby R Burchfield 4.00 X 0 0 0 Thomas W Bunn 3.00 X 0 0 0 Peter C Brockway 3.00 X 0 0 0 Donna A Boswell PhD 6.00 X 0 0 0 Jeanne Whitman Bobbitt 4.00 X 0 0 0 Shelmer D Blackburn Jr 3.00 X 0 0 0 Ranlet S Bell 5.00 X 0 0 0 Diana M Adams 3.00 X 0 0 0 John D McConnell MD 2.00 X 0 1406492 638363 Mark E Welker PhD 40.00 X 283359 0 41830 Anita M Conrad 20.00 X 153877 0 29260 James J Dunn 40.00 X 772258 0 28806 J Reid Morgan 20.00 X 421023 0 110325 B Hofler Milam 39.00 X 425526 0 125101 Nathan O Hatch PhD 29.00 X 957446 0 342888 Mark A Petersen 40.00 X 434525 0 36670 Steven S Reinemund 40.00 X 400037 0 40480 Ronald D Wellman 40.00 X 681700 0 255514 Jacquelyn S Fetrow PhD 40.00 X 263450 0 26099 Jim B Grobe 40.00 X 2211260 0 40375 Andrew Chan 40.00 X 296632 0 34010 Jeffrey Bzdelik 40.00 X 1350686 0 37186 Blake D Morant 40.00 X 361787 0 44858 Ajay Patel PhD 40.00 X 357554 0 45880 Matthew S Cullinan 40.00 X 246837 0 29679 Nancy D Suttenfield 40.00 X 376474 0 33763 Craig O Thomas 40.00 X 265954 0 34162 William C Gordon PhD 40.00 X 211620 0 48876 Jill M Tiefenthaler 40.00 X 213624 0 27270 10685629 1680950 2093599 345 true true false Rodgers Builders Inc 5701 North Sharon Amity Road Charlotte NC 28215 Construction 4157076 Robert AM Stern Architects LLP 460 W 34th Street New York NY 10001 Architecture 2964875 Landmark Builders of the Triad Inc 3520 Triad Court WinstonSalem NC 27107 Construction 2838252 Frank L Blum Construction Company 830 25th St NE WinstonSalem NC 27105 Construction 13083524 Aramark Campus Services 1101 Market St 12th Fl Philadelphia PA 19107 Food Service 13739727 149 524838 1246169 10201739 51628217 3916239 63600963 Tuition and Fees 611310 253561295 253561295 Telecom & Other Services 611710 3284497 3284497 Student Housing & Dining 721310 31140764 31140764 Organized Activities 515100 3915835 3320982 594853 Athletic Programs 711210 26236080 24964915 1271165 3952158 3326678 625480 322090629 16262084 -1102562 17364646 30553 30553 1731498 1731498 7239155 8037726 -798571 -798571 -798571 461294000 379531 449130865 12163135 379531 12542666 12542666 347647 524838 632630 -284983 -284983 0 12807168 5709341 7097827 3274865 3822962 World Cup Tennis 711210 397699 397699 Tennis Club 713940 186302 186302 Athletic Advertising 541800 33592 33592 617593 422890259 319599131 3415376 36274789 791034 791034 80640094 80640094 452250 452250 0 5465355 982704 3030971 1451680 0 154616193 127053497 18445537 9117159 13015071 10295740 1853077 866254 13328824 11172981 1061996 1093847 11135382 8808788 1585448 741146 0 364885 25709 339176 199110 8250 190860 0 956384 956384 5359335 3433591 1924425 1319 14648382 9590048 4325921 732413 6762728 5229273 136123 1397332 19583432 11231656 7026367 1325409 6314944 5601546 522303 191095 0 11797456 6879563 4718347 199546 10196968 9167043 229822 800103 0 2271419 1910853 284549 76017 6533651 6533651 0 21771348 21771348 1802076 760153 1041796 127 Miscellaneous 135349 319801 -202187 17735 Auxiliary Enterprises 2894612 2892283 199 2130 Non Capital Equip & Furnishing 3602795 2563761 869203 169831 Library, Books & Subscriptions 5763040 5703917 13558 45565 0 400402117 333819534 47397491 19185092 0 119405446 47619524 55418810 56594517 9484468 10206013 470265 164325 0 24415555 23563755 1230981 1254872 665390 1560635 641719380 278795397 339986412 362923983 283823960 311518273 375303931 402728658 0 0 2800051 3004819 1213005269 1221139374 30433698 28742019 10102501 9944581 15426184 15622907 165150000 160425000 363399 433145 29445842 32287282 74525461 93761346 325447085 341216280 X 433078694 426583122 248915455 244847287 205564035 208492685 887558184 879923094 1213005269 1221139374 X 22488142 -30123232 X false true true X 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 contacts 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.The office assisted in developing political advocacy strategies including the review of the June, 2012 U.S. Supreme Court ruling regarding the individual mandate and revisions to the Medicaid expansion provisions of the Patient Protection and Affordable Care Act (P.L. 111-148) (a/k/a the health care reform bill), and implementation of the provisions regarding the community health needs assessment, value based purchasing, essential health benefits for state health exchanges, residency slot reallocation, hospital readmissions, hospital acquired infections and the medical device tax. Staff worked on the various debt ceiling and deficit reduction legislation, including the Budget Control Act of 2011, and the Joint Select Committee on Deficit Reduction (a/k/a the Super Committee).Because of the preponderance of current Health Care legislation, the Government Relations Office of the filing organization's subsidiary spent little time in the current year on purely educational issues that would benefit the University. 1 28240 125000 48482 true true X X X false true 480207166 7248137 24869295 462586008 true 609317298 4406986 5771784 10553138 21222672 1401660 586318598 531560575 37795637 70599050 10874429 17390859 2372676 609317298 504636725 4856562 53342647 17524560 11167739 2583060 531560575 0.38000 0.29000 0.33000 false false false 192362 12669023 12861385 54016699 309005914 127802371 235220242 153477724 93321977 60155747 73190258 56411125 16779133 39167400 1259924 37907476 362923983 402728658 Postretirement benefits 14699535 Other liabilities and deferral 52411761 Bond premium 2350971 Annuities payable 24299079 93761346 422890259 400402117 22488142 -30123232 -30123232 -7635090 319691949 -30123232 14379697 -15743535 335435484 5372429 82082346 87454775 422890259 327327039 14379697 14379697 312947342 5372429 82082346 87454775 400402117 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 XIII, Line 4b Part XIII, Line 4b: Other revenue amounts included on 990 but not included in F/S Tuition scholarship discounts $80554021 Transactons with related parties $1246169 Actuarial obligation adjustment $282446 Internal department allocations $-290 Part XIII, Line 2d Part XIII, Line 2d: Other expenses and losses per audited F/S Rental expenses $8037726 Cost of Goods Sold $5709341 Fundraising event expenses $632630 Part XII, Line 4b Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S Tuition scholarship discounts $80554021 Receipts from supporting orgs $1246169 Actuarial obligation adjustment $282446 Internal department allocations $-290 Part XII, Line 2d Part XII, Line 2d: Other revenue amounts included in F/S but not included on form 990 Rental Expenses $8037726 Cost of Goods Sold $5709341 Fundraising event expenses $632630 Part XI, Line 8 Part XI, Line 8: Other Changes in Net Assets or Fund Balances Transfers from supp org, WFUDF $ -0 Part V, Line 4 Part V, Line 4: Intended uses of the endowment fund. Approximately 36% of the expendable endowment funds provided scholarships for Wake Forest University students during the fiscal year. 26% was distributed for department chair and faculty positions, including funds for research professorships. 17% supported educational programs generally, the libraries and general university operations. 21% 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 South Asia 0 0 Program Service Research 232 Sub-Saharan Africa 0 0 Investment Book Value 12552000 South Asia 0 0 Investment Book Value -603000 South America 0 0 Investment Book Value 22066000 Russia & Ind Sts 0 0 Investment Book Value 3952000 North America 0 0 Investment Book Value 5638000 Mid East & N Africa 0 0 Investment Book Value 2864000 East Asia & Pacfic 0 0 Investment Book Value 13762000 Europe & North Atlantic 0 0 Investment Book Value 86093000 Ctr America & Caribbean 0 0 Investment Book Value 2319000 North America 0 0 Program Service Recruiting 400 Europe & North Atlantic 0 0 Program Service Services 1558 South Asia 0 0 Program Service Recruiting 625 East Asia & Pacific 0 0 Program Service Recruiting 15020 Europe & North Atlantic 0 0 Program Service Recruiting 55028 Sub-Saharan Africa 0 3 Program Service Research 33627 Sub-Saharan Africa 0 0 Program Service Conference 2238 South Asia 0 0 Program Service Study Abroad 54247 South Asia 0 0 Program Service Conference 4545 South America 0 0 Program Service Study Abroad 208698 South America 0 0 Program Service Research 129194 Ctr America & Caribbean 0 0 Program Service Fundraising 762 North America 0 0 Program Service Study Abroad 119 North America 0 0 Program Service Research 1243 North America 0 0 Program Service Conference 8077 Mid East & N Africa 0 0 Program Service Study Abroad 23166 Mid East & N Africa 0 0 Program Service Research 2560 Mid East & N Africa 0 0 Program Service Conference 11813 Europe & North Atlantic 0 0 Program Service Research 380516 Europe & North Atlantic 0 0 Program Service Conference 66859 Europe & North Atlantic 5 35 Program Service Study Abroad 2166947 East Asia & Pacific 0 0 Program Service Study Abroad 76817 East Asia & Pacific 0 0 Program Service Research 8831 East Asia & Pacific 0 0 Program Service Conference 6437 Ctr America & Caribbean 0 0 Program Service Conference 1351 Ctr America & Caribbean 0 0 Program Service Research 4445 Ctr America & Caribbean 1 5 Program Service Study Abroad 163998 6 40 3 6 43 3053135 149019218 152072353 MidEast & N Afr Support 1000 Check Eur N Atlantic Student Prgm 416251 Check & Wire E Asia & Pacif Student Prgm 36000 Check & Wire 3 Student research grant Russia & Ind Sts 1 500 Check/wire Student research grant Europe & N Atlant 4 9065 Check/wire Student research grant Ctr America & Caribb 1 559 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 Limelight Films 3127 Penneywell Katy TX 77494 Campaign Video false 19995 Pentera Inc 8650 Comerce Indianapol IN 46268 Consultant false 22040 Julie Helsabeck 420 Lawndale Dr Winston NC 27104 Design Services false 28855 Joel W Bowers 1920 Pacific Av San Fran CA 94109 Campaign Video false 30000 Anne R Powell 61 Trowbridge Belmont MA 02478 Consultant false 39321 Mark I McNutt PO Box 115 Spinnersto PA 18968 Consultant false 46312 Marts & Lundy 1200 Wall St Lyndhurst NJ 07071 Consulting false 49000 Lawson Drinkard PO Box 1645 Big Timber MT 59011 Consulting false 93447 Spotlight Media 1469 Beaverton Winston NC 27103 Campaign Video false 97214 Sales Factory 1301 Carolina Greensboro NC 27401 Consultant false 345816 772000 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 488856 488856 5901 321 18530 Alumni Events 343124 343124 5149 27967 125860 49267 383195 1 40505 35982 4523 1126 6711 7709 894 872485 524838 347647 12176 34678 133890 49267 402619 632630 -284983 true W-S Wesley Foundation PO Box 7433 WinstonSalem NC 27109 561560763 501(c)(3) 5500 0 Campus Ministries Contribution W-S Chamber of Commerce 411 W Fourth St Ste 211 WinstonSalem NC 27101 560459820 501(c)(6) 10000 0 General Support & Membership Wake Forest College Birthplace Society PO Box 494 Wake Forest NC 27588 566072013 501(c)(3) 125000 0 Operations Support Victory Junction Gang Camp 4500 Adams Way Randleman NC 27317 562215292 501(c)(3) 17665 0 SGA Contrib Children's Camp United Way of Forsyth County 301 North Main Street WinstonSalem NC 27101 237357234 501(c)(3) 9860 0 Charitable Contribution Reynolda House Inc PO Box 7287 WinstonSalem NC 27109 560810676 501(c)(3) 450000 0 Operations Support Old Hickory Council BSA 6600 Silas Creek Parkway WinstonSalem NC 27106 560529985 501(c)(3) 9526 0 Charitable Contribution Medical College of Wisconsin 8701 Watertown Plank Road Milwaukee WI 53226 390806261 501(c)(3) 8932 0 Research Subcontract Leadership Winston-Salem 501 N Cleveland Ave Suite 3 WinstonSalem NC 27101 581574887 501(c)(3) 6375 0 Sponsorship General Support La Salle University 1900 West Olney Ave Philadelphia PA 19141 231352654 501(c)(3) 15537 0 Research Subcontract Habitat For Humanity 339 Witt Street WinstonSalem NC 27103 561448955 501(c)(3) 30000 0 Habitat House Sponsor Georgia Southern University 1332 Southern Drive Statesboro GA 30458 586002059 115(2) 82849 0 Research Subcontract Forte Foundation 6628 Tasajillo Trail Austin TX 78739 611457145 501(c)(3) 12500 0 Contrib for Scholarship Opportunity East Carolina University 1001 East 5th Street Greenville NC 27858 566000403 115(2) 6511 0 Research Subcontract Campus Crusade for Christ C/O Joe Hanes 4380 Bolsom Rd Pfafftown NC 27040 956006173 501(c)(3) 6800 0 Campus Ministry Contribution Bookmarks Book Festival PO Box 11867 WinstonSalem NC 27116 542152610 501(c)(3) 7500 0 Sponsor Book Event 15 1 ROTC Scholarships 37 246034 Institutional Scholarships 390 2546940 Grants for Student Travel 417 344382 General Tuition Scholarships 3164 63932146 Univ. charges Tuition discounts Departmental Scholarships 531 930749 Athletic Tuition Awards 279 9383663 Univ. charges Tuition discounts Athletic Room & Board 197 2197667 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 William C Gordon PhD 210858 762 21706 27170 260496 Steven S Reinemund 394037 6000 24500 15980 440517 Ronald D Wellman 654754 26946 240872 14642 937214 Nathan O Hatch PhD 740425 75000 142021 286012 56876 1300334 Nancy D Suttenfield 358613 17861 23105 10658 410237 Matthew S Cullinan 219360 20000 7477 16665 13014 276516 Mark E Welker PhD 268646 10000 4713 24500 17330 325189 Mark A Petersen 367851 50000 16674 23125 13545 471195 Lawrence D Hopkins MD 123977 143293 7188 21968 20236 316662 John D McConnell MD 983777 384203 38512 619002 19361 2044855 Jim B Grobe 2167628 23400 20232 24500 15875 2251635 Jill M Tiefenthaler 178743 25000 9881 16841 10429 240894 Jeffrey Bzdelik 1264679 5000 81007 12250 24936 1387872 James J Dunn 516712 250000 5546 12250 16556 801064 Jacquelyn S Fetrow PhD 235541 20000 7909 17901 8198 289549 J Reid Morgan 358673 50000 12350 24500 85825 531348 Craig O Thomas 195894 70000 60 15375 18787 300116 Blake D Morant 331800 15000 14987 24500 20358 406645 B Hofler Milam 396215 25000 4311 105750 19351 550627 Anita M Conrad 148739 5000 138 15462 13798 183137 Andrew Chan 222571 70195 3866 16913 17097 330642 Ajay Patel PhD 331416 26000 138 24500 21380 403434 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 the amount shown in column B (iii) of Part II, Schedule J for Dr. Hatch).J. Reid Morgan, Sr. VP and General Counsel of the filing organization, has $60,020 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.William C. Gordon, PhD, Former Provost, has $10,350 included in Schedule J, column D (Nontaxable benefits) for tuition provided to a family member under the Wake Forest University Tuition Concession Plan for Dependent Children, available to all employees.Jill M. Tiefenthaler, PhD, the organization's former Provost, was not employed at all during the organization's fiscal year, but is reported on Schedule J showing salary received during the 2011 W-2 calendar year through June 30, 2011, her last day of employment.Mark E. Welker, PhD was the Interim Provost during the entire fiscal year, but his Schedule J W-2 income shows compensation for the first six months of 2011 as a Professor and the last six months as Interim Provost. 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.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.Personal services, such as housekeeping, landscaping and maintenance, are provided for the President's University-owned residence. 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. NC Capital Facs Fin Agcy 561592154 65818PEB1 2004-12-21 30760000 See Sch K, Part VI false false false NC Capital Facs Fin Agcy 561592154 65818PEC9 2004-12-21 36605000 See Sch K, Part VI false false false NC Capital Facs Fin Agcy 561592154 65818PHB8 2009-05-28 112612190 See Sch K, Part VI false false false 10120000 30760000 270000 30490000 1999 false true true true 6820000 36605000 300161 36304839 2001 true false true true 113510081 5884070 1108136 52216400 48903823 5397651 true false false true false true true true false 0.00000 0.00357 0.00357 true false true true See Part V 8.5000 false true false false false false true false false false true false false false false false false X B Hofler Milam Relocation bridge loan X 250000 false true true Nathan O Hatch PhD Loan re: Life insurance X 274707 164824 false true true 164824 children of employees 70370 Tuition Concession Plan Muriel Hopkins See Part V 44700 Employee Wages false Julia Hatch See Part V 58033 Employee Compensation false Blue CrossBlue Shield NC See Part V 2484426 Health Plan Administrator false Brian A Kell See Part V 48823 Employee Wages false Dr Kevin N Rask See Part V 10319 Employee Wages false IMG College See Part V 93920 Athl supplies,services false IMG College See Part V 2186560 Licensing Royalties false Part IIB. Hofler Milam paid the bridge loan in full on July 13, 2011.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.Dr. Kevin N. Rask: Family member of the organization's former officer, Dr. Jill M. Tiefenthaler, was paid wages by the filing organization during his employment with the filing organization as a faculty member.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. X 2 9500 Appraisal X 69 74450 Sale proceeds X 233 2905278 Market Value X 2 398227 FMV /Actuarial X 1 8100 Land lot X 18 136410 Retail X Ethnoartifacts 12 239483 Appraisal X SoftwareLicense 1 17970 FMV X Bldg supplies 1 19129 FMV X Land fencing 2 14200 FMV X Furniture 2 33390 FMV X Computer Equip 56 60102 FMV 9 false true true Part I, Line 33, Revenues Not Reported Wake Forest University received contributed services from donors valued at $340,130, 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. Trustee Services Provided to Multiple Related Organizations, cont. Mitesh B. ShahTrustee, Filing Organization 5 hours per weekTrustee, WFU Foundation 0.5 hours per weekTrustee, WFU Development Foundation 0.5 hours per weekDirector, WFU Health Sciences 4 hours per weekAdelaide A. SinkTrustee, Filing Organization 5 hours per weekTrustee, WFU Foundation 0.5 hours per weekTrustee, WFU Development Foundation 0.5 hours per weekJames T. Williams, Jr.Trustee, Filing Organization 20 hours per weekDirector, WFU Health Sciences 4 hours per week Trustee Services Provided to Multiple Related Organizations Peter C. BrockwayTrustee, Filing Organization 3 hours per weekTrustee, WFU Foundation 0.5 hours per weekTrustee, WFU Development Foundation 0.5 hours per weekDonna A. Boswell, Ph.D.Trustee, Filing Organization 6 hours per weekDirector, WFU Health Sciences 4 hours per weekDirector, WFU Baptist Medical Center 2 hours per weekThomas A. DingledineTrustee, Filing Organization 5 hours per weekTrustee, WFU Foundation 0.5 hours per weekTrustee, WFU Development Foundation 0.5 hours per weekGraham W. Denton, Jr.Trustee, Filing Organization 5 hours per weekDirector, WFU Health Sciences 4 hours per weekDirector, WFU Baptist Medical Center 4 hours per weekCandy M. ErgenTrustee, Filing Organization 3 hours per weekTrustee, WFU Foundation 0.5 hours per weekTrustee, WFU Development Foundation 0.5 hours per weekFrederick W. Eubank, IITrustee, Filing Organization 3 hours per weekTrustee, WFU Foundation 0.5 hours per weekTrustee, WFU Development Foundation 0.5 hours per weekMichael A. J. FarrellTrustee, Filing Organization 3 hours per weekTrustee, WFU Foundation 0.5 hours per weekTrustee, WFU Development Foundation 0.5 hours per weekDonald E. FlowTrustee, Filing Organization 4 hours per weekDirector, WFU Health Sciences 4 hours per weekDirector, WFU Baptist Medical Center 2 hours per weekJames R. Helvey, IIITrustee, Filing Organization 4 hours per weekDirector, WFU Health Sciences 4 hours per weekDeborah D. LambertTrustee, Filing Organization 5 hours per weekTrustee, WFU Foundation 1 hours per weekTrustee, WFU Development Foundation 1 hours per weekDonald D. LeonardTrustee, Filing Organization 4 hours per weekTrustee, WFU Foundation 0.5 hours per weekTrustee, WFU Development Foundation 0.5 hours per weekJohn R. LowdenTrustee, Filing Organization 3 hours per weekTrustee, WFU Foundation 0.5 hours per weekTrustee, WFU Development Foundation 0.5 hours per weekJohn K. MedicaTrustee, Filing Organization 3 hours per weekTrustee, WFU Foundation 0.5 hours per weekTrustee, WFU Development Foundation 0.5 hours per weekJames J. MarinoTrustee, Filing Organization 5 hours per weekDirector, WFU Health Sciences 4 hours per weekKenneth D. MillerTrustee, Filing Organization 3 hours per weekTrustee, WFU Foundation 0.5 hours per weekTrustee, WFU Development Foundation 0.5 hours per weekGerald F. RoachTrustee, Filing Organization 4 hours per weekDirector, WFU Health Sciences 4 hours per weekHarold O. RosserTrustee, Filing Organization 3 hours per weekTrustee, WFU Foundation 0.5 hours per weekTrustee, WFU Development Foundation 0.5 hours per weekAndrew J. SchindlerTrustee, Filing Organization 3 hours per weekDirector, WFU Health Sciences 4 hours per weekDirector, WFU Baptist Medical Center 2 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, Piedmont Triad Research Park 2 hours per weekDirector, PTRP Development Corporation 1 hours 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 5 hours per weekAssistant Secretary, WFU Baptist Medical Center 6 hours per weekDirector, Secretary, Piedmont Triad Research Park 7 hours per weekDirector, Secretary, PTRP Development Corporation 0.6 hours per weekSecretary, Idealliance 0.2 hours per weekSecretary, Idealliance Foundation 0.2 hours per weekSecretary, Dialysis Centers (Group Return) 0.5 hours per weekAnita M. ConradAssistant Secretary, Filing Organization 20 hours per weekAssistant Secretary, Wake Forest University Foundation 1 hours per weekAssistant Secretary, WFU Development Foundation 1 hours per weekAssistant Secretary, WFU Health Sciences 8 hours per weekAssistant Secretary, Piedmont Triad Research Park 8 hours per weekAssistant Secretary, PTRP Development Corporation 2 hours per weekB. Hofler MilamVice President, Filing Organization 39.5 hours per weekVice President, WFU Foundation 0.2 hours per weekVice President, WFU Development Foundation 0.3 hours per weekJames J. DunnVice President, Filing Organization 40 hours per week[but duties include investment of endowment f/b/o related organizations, WFUHS and Reynolda House, Inc.]. Services provided to this and other related organizations 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, Piedmont Triad Research Park 1 hour per weekDirector, PTRP Development Corporation 1 hour per weekDirector, Idealliance 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 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 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 11 Form 990, Part VI, Line 11: 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 4 Form 990, Part VI, Line 4: Description of Significant Changes to Organizational Documents Effective April 20, 2012, the governing board of the filing organization adopted several changes to the organizations governing documents; the two significant changes adopted are as follows: The filing organizations bylaws were amended to reflect the creation of a new category of board member, Young Alumni Trustee. The category permits the election of one or two such trustees, who have full voting authority as board members on an equal basis with the other trustees; the term of a Young Alumni Trustee may be one or two years (as opposed to the regular trustee term of four years). Finally, the qualifications for service as a Young Alumni Trustee are different: they must be an alumnus of the filing organization, be less than 36 years old at the time of their initial election, and may be re-elected to one additional consecutive two-year term. The second significant change clarified the roles of the governing board of the related organization, Wake Forest University Baptist Medical Center (WFUBMC) (of which related organization the filing organization is one of two equal members) and of the WFUBMC CEO, in the operation of the filing organizations School of Medicine, which has since 2002 been operated by Wake Forest University Health Sciences (WFUHS), itself a wholly-controlled subsidiary and supporting organization of the filing organization. These were clarifying changes mandated by the adoption in July 2010 of the Medical Center Integration Agreement by the filing organization, WFUBMC, WFUHS, and the affiliated (but unrelated) hospital organization, North Carolina Baptist Hospital. The filing organizations Policy Resolutions in implementation of its Bylaws were amended, in the section entitled Administration, to provide that The Wake Forest University Baptist Medical Center CEO serves as the senior corporate officer of Wake Forest University Health Sciences unless otherwise approved by the WFUBMC Board. The Medical Center CEO also serves as the Chief Academic Officer of the Medical Center and in that role, with the concurrence of the WFU President appoints the Dean of the School of Medicine. As the Chief Academic Officer, the Medical Center CEO also reports to the WFU President, with respect to the academic mission, as the WFU Executive Vice President for Health Affairs. Subject to the power and authority of the Board of Trustees and the University President, exercised consistently with the Medical Center Integration Agreement, the Executive Vice President for Health Affairs is responsible for all the affairs of the School of Medicine. The Executive Vice President of Health Affairs is a member of the faculty of the School of Medicine and is an ex-officio officer of each committee of the faculty or administration of the Medical School. 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 University2011 year ended 6/30/2012Attachment to Form 990-TSTATEMENT 7PART 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 32912 NA Creative Cafe LLC PO Box 7201 WinstonSalem NC 27109 263700428 Restaurant NC 204898 16049 NA Deacon Blvd Holdings I LLC PO Box 7201 WinstonSalem NC 27109 262203211 Real Estate Holding - Currently Inactive NC NA 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 Piedmont Triad Research Park 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 562094000 Educational activities supporting Idealliance NC 501(c)(3) Line 11a, I WFU Health Sciences false PTRP Development Corp Medical Center Blvd WinstonSalem NC 27157 061818498 Research park development oversight NC 501(c)(3) Line 11a, I WFU Health Sciences false Idealliance 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-5 CRAT PO BOX 7201 WINSTONSALEM NC 27109 566537111 Investment NC WFU TTEE Trust 1202239 0.78180 WFU-79 CRAT PO BOX 7201 WINSTONSALEM NC 27109 566555544 Investment NC WFU TTEE Trust 386897 0.63760 WFU-5 CRAT PO BOX 7201 WINSTONSALEM NC 27109 912054143 Investment NC WFU TTEE Trust 56801 0.65520 WFU - 6 CRUT PO Box 7201 WinstonSalem NC 27109 900237204 Investment NC WFU TTEE Trust 186427 0.63240 WFU - 6375 CRUT PO Box 7201 WinstonSalem NC 27109 566459446 Investment NC WFU TTEE Trust 85589 0.53870 WFU - 6 CRUT PO Box WinstonSalem NC 27109 911832851 Investment NC WFU TTEE Trust 350931 0.63240 WFU - 6 CRUT PO Box 7201 WinstonSalem NC 27109 566473036 Investment NC WFU TTEE Trust 153390 0.63240 WFU - 6 CRUT PO Box 7201 WinstonSalem NC 27109 582175582 Investment NC WFU TTEE Trust 32411 0.63230 WFU - 7 CRUT PO Box 7201 WinstonSalem NC 27109 912129902 Investment NC WFU TTEE Trust 385171 0.55620 WFU - 8 CRUT PO Box 7201 WinstonSalem NC 27109 912131579 Investment NC WFU TTEE Trust 61865 0.72190 WFU - 5 CRUT PO Box 7201 WinstonSalem NC 27109 566562122 Investment NC WFU TTEE Trust 48188 0.61790 false true true true false false false false false false false false false true true true false false Reynolda House Inc b 450000 GeneralSupport Wake Forest University Development Fndn n 64789 FMV Wake Forest University Development Fndn c 246169 Cash Transfer Wake Forest University Health Sciences p 10130248 Cash Transfer Wake Forest University Health Sciences o 3739227 Cash Transfer Wake Forest University Foundation n 75286 FMV Wake Forest University Foundation d 231853 Cash 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."