2012-05-14T07:50:09-07:00 2011-06-30 990 2010-07-01 560532138 WAKE FOREST UNIVERSITY WAKE 3367585233 PO BOX 7201 WINSTONSALEM NC 27109 B Hofler Milam 2012-05-14 2010 2016-02-24 21:20:13Z Nathan O Hatch PhD 632359872 false false 3743 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. 44 41 5479 1570 792451 -3312775 48508165 118321877 283221184 296020503 17954608 38006414 10048678 7135244 359732635 459484038 69420845 74729447 0 173867840 190473838 723710 1017650 17267204 109598174 115431335 353610569 381652270 6122066 77831768 1076404288 1213005269 321010163 325447085 755394125 887558184 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 156504993 61747329 236972506 Instruction of approximately 6,768 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 40 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. 60.8% of the graduate and undergraduate student population received financial aid awards. Approximately 4,113 students received scholarships from the institution during the year. 85867394 11679144 67021275 Wake Forest maintains campus bookstores, housing and dining facilities, mail services and other program services, including Athletics. Athletic scholarships provided funding for 285 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. 49150953 600507 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. 21850973 1133664 10257543 313374313 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 false true true true true false false false true true true true false false true 8730 0 true 5479 true true true true UK false false false false false true true true 2 false false false true false false false false false false false X 44 41 false false true false false false false true true false false false true true true true true true true true false false WA VT SC RI PA OK OH NY NH ME MD MA IN DC CO AR AK X X Brandon E Gilliland 3367585233 PO BOX 7201 WINSTONSALEM NC 27109 William C GordonPhD 40.00 X 205677 0 41981 W Louis Bissette Jr 4.00 X 0 0 0 Thomas W Bunn 4.00 X 0 0 0 Thomas A Dingledine 3.00 X 0 0 0 Steven S Reinemund 40.00 X 400250 0 40162 Ronald D Wellman 40.00 X 2397321 0 45269 Richard H Moore 5.00 X 0 0 0 Nathan O Hatch PhD 25.00 X 1342373 0 116126 Nancy Suttenfield to 11810 39.00 X 402704 0 30763 Mitesh B Shah 3.00 X 0 0 0 Michael G Queen 3.00 X 0 0 0 Matthew S Cullinan PhD 40.00 X 294826 0 30871 Matthew A King 4.00 X 0 0 0 Mark A Petersen 40.00 X 394620 0 37598 Louis R Morrell 20.00 X 264536 0 35833 Lisbeth C Evans 4.00 X 0 0 0 Lelia B Farr 3.00 X 0 0 0 L Steven Nelson 3.00 X 0 0 0 Kyle A Young MD 4.00 X 0 0 0 Kenneth D Miller 3.00 X 0 0 0 Katherine B Wright 3.00 X 0 0 0 John P Anderson PhD 40.00 X 139393 0 29598 John M McAvoy 3.00 X 0 0 0 John K Medica 3.00 X 0 0 0 John I Bitove Jr 5.00 X 0 0 0 Jocelyn Burton 3.00 X 0 0 0 Jim B Grobe 40.00 X 2214556 0 40242 Jill M Tiefenthaler PhD 40.00 X 395756 0 44858 Jerry H Baker 3.00 X 0 0 0 Jeffrey Bzdelik 40.00 X 936824 0 27536 Jeanne Whitman Bobbitt 3.00 X 0 0 0 James W Judson Jr deceased 0.10 X 0 0 0 James T Williams Jr 20.00 X 0 0 0 James R Helvey III 5.00 X 0 0 0 James J Dunn 40.00 X 754574 0 16311 Jacquelyn S Fetrow PhD 40.00 X 254113 0 25537 J Lanny Wadkins Jr 3.00 X 0 0 0 J Reid Morgan 20.00 X 365229 0 49026 Gerald F Roach 3.00 X 0 0 0 Frederick W Eubank II 5.00 X 0 0 0 Dr Lloyd P Tate Jr 3.00 X 0 0 0 Donna A Boswell PhD 3.00 X 0 0 0 Donald E Flow 3.00 X 0 0 0 Donald D Leonard 3.00 X 0 0 0 Dino J Gaudio 40.00 X 1146102 0 12180 Diana M Adams 5.00 X 0 0 0 Deborah K Rubin 3.00 X 0 0 0 Deborah D Lambert 3.00 X 0 0 0 David W Dupree 8.00 X 0 0 0 David I Wahrhaftig 3.00 X 0 0 0 Craig O Thomas 40.00 X 196035 0 31664 Charles Jeffrey Young 3.00 X 0 0 0 Celeste Mason Pittman 3.00 X 0 0 0 Cathy Wall Thomas MD 3.00 X 0 0 0 Candy M Ergen 3.00 X 0 0 0 Bobby R Burchfield 3.00 X 0 0 0 Blake D Morant 40.00 X 354358 0 44055 Benjamin C Sutton Jr 4.00 X 0 0 0 B Hofler Milamfrm 12610 39.00 X 113447 0 3847 Ashley E Gedraitis 3.00 X 0 0 0 Anita M Conrad 20.00 X 147521 0 29206 Andrew J Schindler 3.00 X 0 0 0 Alice Kirby Horton 3.00 X 0 0 0 Albert R Hunt 3.00 X 0 0 0 Ajay PatelPhD 40.00 X 358158 0 46615 Adelaide A Sink 3.00 X 0 0 0 13078373 779278 343 true true false Landmark Builders of the Triad 3520 Triad Court WinstonSalem NC 27107 Construction 4828497 John S Clark Company LLC 11 Brookstone Avenue WinstonSalem NC 27101 Construction 2229194 IL Long Construction CO Inc 4117 Indiana Ave WinstonSalem NC 27105 Construction 2825816 Frank L Blum Construction Company 830 25th St NE WinstonSalem NC 27105 Construction 11387168 Aramark Campus Services 1101 Market St 12th Fl Philadelphia PA 19107 Food Service 12305164 107 448044 60464 11764747 106048622 47763588 118321877 Tuition and Fees 611310 236972506 236972506 Student Housing & Dining 721310 28700407 28700407 Student Health Services 621400 2639208 2639208 Organized Activities 515100 3635407 3087026 548381 Athletic Programs 711210 20927390 19681185 1246205 3145585 3145585 296020503 14295548 -2600909 16896457 345732 345732 1238176 1238176 7574734 8117278 -542544 -542544 -542544 181566311 158047124 154053 23519187 -154053 23365134 23365134 236717 448044 532207 -295490 -295490 0 12567540 6025172 6542368 3200626 3341742 Tennis Club 713940 159142 159142 Athletic Advertising 541800 33592 33592 192734 459484038 294225917 792451 46143793 1174716 1174716 73123824 73123824 430907 430907 0 6349373 1147339 3325471 1876563 0 146386167 121045079 17897246 7443842 12329053 9826431 1738933 763689 15250987 11511478 2877046 862463 10158258 8096988 1432262 629008 0 660513 140576 519937 193490 8000 185490 0 1017650 1017650 4387944 3061562 1324342 2040 12318962 7332639 4718372 267951 5369311 4444395 -550682 1475598 19804153 11163085 7270935 1370133 6618923 5365613 993737 259573 0 11384237 8925563 2344882 113792 9706280 8801041 84842 820397 0 2550028 2054221 406016 89791 6922665 6868977 53688 0 20186929 17160127 2987758 39044 1781995 783094 998277 624 Non Capital Equip & Furnishing 4227383 2364649 1783498 79236 Miscellaneous 190078 19281 70711 100086 Library, Books & Subscriptions 6080409 5575671 449949 54789 Bad debt expense 618383 520585 97798 Auxiliary Enterprises 2429652 2428472 245 935 0 381652270 313374313 51010753 17267204 0 170725663 119405446 38460180 55418810 7118774 9484468 621510 470265 0 24446271 24415555 1761209 1230981 728282 665390 597946453 257960041 316528753 339986412 147649595 283823960 366691090 375303931 0 0 1672961 2800051 1076404288 1213005269 24873807 30433698 10249193 10102501 15981152 15426184 169720000 165150000 363399 26552608 29445842 73633403 74525461 321010163 325447085 X 365366687 433078694 205378451 248915455 184648987 205564035 755394125 887558184 1076404288 1213005269 X 77831768 54332291 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 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. 1 73572 150000 149610 true true X X X false true 403661131 102048699 25502664 480207166 true 531560575 37795637 70599050 10874429 17390859 2372676 609317298 504636725 4856562 53342647 17524560 11167739 2583060 531560575 643133092 18055306 -125720361 11066538 18055931 1708843 504636725 0.39000 0.30000 0.31000 false false false 265501 13379781 13645282 50390583 303571061 119154469 234807175 129049190 85060475 43988715 62405487 52532677 9872810 38884850 1212420 37672430 339986412 375303931 Postretirement benefits 13331648 Other liabilities and deferral 37443514 Due from WFU Affiliate - Health Sciences -357969 Bond premium 2438044 Annuities payable 21670224 74525461 459484038 381652270 77831768 52334106 1998185 54332291 132164059 442396758 52334106 14674657 67008763 375387995 4399974 79696069 84096043 459484038 310232699 14674657 14674657 295558042 4399974 81694254 86094228 381652270 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 $68620018 Transactons with related parties $2269207 Pledge allowance adjustment $4103622 Actuarial obligation adjustment $263525 Internal department allocations $6437882 Part XIII, Line 2d Part XIII, Line 2d: Other expenses and losses per audited F/S Rental expenses $8117278 Cost of Goods Sold $6025172 Fundraising event expenses $532207 Subsidiaries filing separate 990s $0 Part XII, Line 4b Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S Tuition scholarship discounts $68620018 Receipts from supporting org, WFUDF $60464 Internal revenue allocations $0 Pledge allowance adjustment $4103622 Actuarial obligation adjustment $474083 Internal department allocations $6437882 Part XII, Line 2d Part XII, Line 2d: Other revenue amounts included in F/S but not included on form 990 Rental Expenses $8117278 Cost of Goods Sold $6025172 Fundraising event expenses $532207 Subsidiaries filing separate 990s $0 Part XI, Line 8 Part XI, Line 8: Other Changes in Net Assets or Fund Balances Income of subsidiaries filing separate 990's $2058649 Transfers from supp org, WFUDF $ -60464 Part V, Line 4 Part V, Line 4: Intended uses of the endowment fund. Approximately 40% of the expendable endowment funds provided scholarships for Wake Forest University students during the fiscal year. 22% was distributed for department chair and faculty positions, including funds for research professorships. 12% supported educational programs generally, the libraries and general university operations. 26% 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 Sub-Saharan Africa 0 0 Investments 13819000 South Asia 0 0 Investments 9676000 South America 0 0 Investments 22903000 Russia & Ind Sts 0 0 Investments 7528000 North America 0 0 Investments 19078000 Mid East & N Africa 0 0 Investments 6499000 East Asia & Pacfic 0 0 Investments 82138000 Europe & North Atlantic 0 0 Investments 60420000 Ctr America & Caribbean 0 0 Investments 693000 North America 0 0 Program Services Services 23908 Russia & Ind Sts 0 0 Program Service Research 2000 North America 0 0 Program Service Recruiting 423 Europe & North Atlantic 0 0 Program Service Fundraising 1410 East Asia & Pacific 0 0 Program Service Fundraising 2791 East Asia & Pacific 0 0 Program Service Recruiting 9634 Sub-Saharan Africa 0 0 Program Service Study Abroad 9533 Sub-Saharan Africa 0 3 Program Service Research 38081 Sub-Saharan Africa 0 0 Program Service Conference 2740 South Asia 0 0 Program Service Study Abroad 5021 South Asia 0 0 Program Service Research 8486 South America 0 0 Program Service Study Abroad 165432 South America 0 0 Program Service Research 92373 South America 0 0 Program Service Conference 5208 North America 0 0 Program Service Study Abroad 19388 North America 0 0 Program Service Research 12398 North America 0 0 Program Service Conference 50046 Mid East & N Africa 0 0 Program Service Study Abroad 46627 Mid East & N Africa 0 0 Program Service Research 6105 Mid East & N Africa 0 0 Program Service Conference 10366 Europe & North Atlantic 0 0 Program Service Research 129283 Europe & North Atlantic 0 0 Program Service Conference 79018 Europe & North Atlantic 5 33 Program Service Study Abroad 2695330 East Asia & Pacific 0 0 Program Service Study Abroad 84164 East Asia & Pacific 0 0 Program Service Research 24218 East Asia & Pacific 0 0 Program Service Conference 21070 Ctr America & Caribbean 0 0 Program Service Conference 3469 Ctr America & Caribbean 0 0 Program Service Research 7029 Ctr America & Caribbean 1 9 Program Service Study Abroad 851607 6 42 3 6 45 4137699 223023459 227161158 SubSaharan Afr Support 3600 Check Eur North Atl Stu Programs 384850 Check & wire E Asia Pacific Stu Programs 29103 Check & wire Cen Am Carib Support 1300 Check 4 Student research grant South America 2 2177 Check/wire Student research grant Russia & Ind Sts 1 500 Check/wire Student research grant North America 3 2387 Check/wire Student research grant Europe & N Atlant 3 1965 Check/wire Student research grant Ctr America & Caribb 8 5025 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 false ScreamerVision 27 W 35th St New Nork NY 10001 Produce DVDs false 5847 Julia Emlen 350 Prospect St Seekonk MA 02771 Consultant false 15013 Julie Helsabeck 420 Lawndale Dr Winston NC 27104 Design Services false 25430 Marts & Lundy 1200 Wall St Lyndhurst NJ 07071 Consulting false 70160 Lawson Drinkard PO Box 1645 Big Timber MT 59011 Consulting false 97754 Seftel Prod 347 W 36th St New York NY 10018 Campaign Video false 115000 Sterner-Sedeno 7228 Brennans P Dallas TX 75214 Consulting false 149400 478604 DC WY WI WV WA VT VA UT TX TN SD SC RI PA OR OK OH NY ND 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 AZ AR AK AL WFDD Events 445440 437443 7997 7997 1129 42457 Alumni Events 205628 205628 6025 142484 99792 195464 2 33693 10601 23092 2073 8234 3251 3963 19338 684761 448044 236717 10070 14259 146864 103755 257259 532207 -295490 true WPDA INC 1001 West Fourth Street WinstonSalem NC 27101 453814914 501(c)(3) 150000 0 Program Charitable Contributn Winthrop University 701 Oakland Ave Rock Hill SC 29733 576001204 501(c)(3) 16915 0 Research Sub- contract Western Carolina University HFR Admin Bldg Rm 317 Cullowhee NC 28723 566001440 115(a)(2) 12363 0 DHS Sub- contract Wake Forest College Birthplace Society PO Box 494 Wake Forest NC 27588 566072013 501(c)(3) 150000 0 Operations Support Univ of Oklahoma Fndn 100 Timberdell Rd Norman OK 73019 736091755 501(c)(3) 7000 0 Program Contributn United Way of Forsyth County 301 North Main Street WinstonSalem NC 27101 237357234 501(c)(3) 25196 0 Charitable Contrib UNC School of the Arts 1533 S Main Street WinstonSalem NC 27127 566065273 115(a)(2) 30922 0 Sponsored Sub- contract UNC Chapel Hill 208 West Franklin Street Chapel Hill NC 27599 699091994 115(a)(2) 7500 0 ACC Int'l Conf Schol'ship UNC Chapel Hill 208 West Franklin Street Chapel Hill NC 27599 699091994 115(a)(2) 10982 0 Research Sub- contract Texas A&M - AgriLife Research 2147 TAMU College Station TX 77843 746000531 115(a)(2) 10750 0 Research Sub- contract Smithsonian Inst 1000 Jefferson Dr SW Washington DC 20560 530206027 501(c)(3) 12500 0 Charitable Contrib 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) 10000 0 Charitable Contrib NJ Institute of Technology 323 Martin Luther King Jr Blvd Newark NJ 07102 226000910 115(a)(2) 23806 0 Research Subcontract New England Baptist Hospital 125 Parker Hill Avenue Boston MA 02120 042103612 501(c)(3) 32913 0 Research Subcontract Medical College of Wisconsin 8701 Watertown Plank Road Milwaukee WI 53226 390806261 501(c)(3) 14234 0 Research Subcontract La Salle University 1900 West Olney Ave Philadelphia PA 19141 231352654 501(c)(3) 27577 0 Research Subcontract Kids Childhood Cancer 930 Biloxi Avenue Kernersville NC 27284 270304893 501(c)(3) 20808 0 Charitable Contrib Forte Foundation 6628 Tasajillo Trail Austin TX 78739 611457145 501(c)(3) 12500 0 Charitable Contrib Eastern Michigan Univ 1000 College Place Ypsilanti MI 48197 386005986 115(a)(2) 13517 0 Research Subcontract Duke University 324 Blackwell Street Durham NC 27701 560532129 501(c)(3) 84800 0 ACC Int'l Conf Scholarships 21 0 State Provided Scholarships 1144 2141036 ROTC Scholarships 35 283371 Grants for Student Travel 319 209210 General Tuition Scholarships 3188 59030076 Univ. charges Tuition discounts Federal Aid Scholarships 687 1536136 Departmental Scholarships 647 748006 Athletic Tuition Awards 285 9175989 Univ. charges Tuition discounts 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 GordonPhD 205281 396 17755 24226 247658 Steven S Reinemund 394245 6005 24500 15662 440412 Ronald D Wellman 630015 1767306 24500 20769 2442590 Nathan O Hatch PhD 624297 50000 668076 55078 61048 1458499 Nancy Suttenfield to 11810 341629 45000 16075 20927 9836 433467 Matthew S Cullinan PhD 262279 25000 7547 18375 12496 325697 Mark A Petersen 353062 25000 16558 24500 13098 432218 Louis R Morrell 205273 29867 29396 23787 12046 300369 John P Anderson PhD 138281 1112 14516 15082 168991 Jim B Grobe 2168777 26940 18839 24500 15742 2254798 Jill M Tiefenthaler PhD 351962 25000 18794 24500 20358 440614 Jeffrey Bzdelik 930238 100 6486 12250 15286 964360 James J Dunn 502995 250000 1579 16311 770885 Jacquelyn S Fetrow PhD 226272 20000 7841 17213 8324 279650 J Reid Morgan 303894 50000 11335 24500 24526 414255 Dino J Gaudio 248362 30100 867640 6253 5927 1158282 Craig O Thomas 195975 60 15188 16476 227699 Blake D Morant 324305 15000 15053 24500 19555 398413 Anita M Conrad 144833 2500 188 15074 14132 176727 Ajay PatelPhD 322687 35000 471 24500 22115 404773 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 for the purchase of life insurance, creating taxable compensation in the amount of $621,510 (included in the amount shown in column B (iii) of Part II, Schedule J for Dr. Hatch).Ronald D. Wellman received $1,737,619 (included in column B (iii) of Part II, Schedule J) from the payout of his deferred compensation arrangement which accrued from 1995 through 2010 and vested during the 2010 W-2 year reported herein.John P. Anderson, PhD, the former VP Finance and Administration, was employed as a faculty member of the University during the year and is compensated solely in that capacity. Dr. Anderson retired in May, 2011.Louis R. Morrell, former Treasurer, was not compensated during the tax year. His retirement occurred 6/30/10, therefore he was not an Officer or employee in this year. However, his reported salary is based on calendar year 2010, during which he was an employee for six months. 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 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: Spousal travel is allowed when pursuant to a bona fide business purpose and/or approved by the President or Cabinet. 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 V false false false NC Capital Facs Fin Agcy 561592154 65818PEC9 2004-12-21 36605000 See Sch K, Part V false false false NC Capital Facs Fin Agcy 561592154 65818PHB8 2009-05-28 112612190 See Sch K, Part V false false false 7065000 30760000 30490000 270000 2001 false true true true 5150000 36605000 36304839 300161 1999 true false true true 113479528 5884070 38662147 1108136 48100681 5891698 13832796 true false false true false true true false true 0.00000 0.00000 0.00000 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 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. Proceeds from this issue have not been fully expended and the year of substantial completion of the bond projects is not yet known.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 tax exempt bond issues and a line of credit. Tax Exempt Bond issues refunded were dated 12/02/2000 and 12/17/1997. The 2004A bond also refunded the line of credit, dated 11/1/2004, which had refunded the 11/1/04 maturing principal due on the 12/17/1997 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. B Hofler Milam Relocation bridge loan X 250000 250499 false true true Nathan O Hatch PhD Loan re: Life insurance X 274707 219766 false true true 470265 Julia Hatch See Part V 25000 Employee Wages false BB&T Corp See Part V 741140 Corporate Sponsorship false Blue CrossBlue Shield NC See Part V 1600601 Health Plan Administrator false BB&T Corp See Part V 1057999 Rental income false Brian A Kell See Part V 48436 Employee Wages false Dr Kevin N Rask See Part V 123828 Employee Wages false Flow Automotive Companies See Part V 103046 Purchase vehicles, repair false Internatl Sports Properties Inc See Part V 98194 Sports Marketing svcs false Internatl Sports Properties Inc See Part V 2116908 Licensing Royalties false Muriel Hopkins See Part V 39278 Employee wages false BB&T Corp See Part V 141630 Bank Fees & Loan Interest false Part IIB. Hofler Milam paid his the bridge loan in full on July 13, 2011.Part IVBB&T Corp: A former trustee of the organization, Robert E. Greene, is an officer of BB&T Corp. Muriel Hopkins: Family member of organization's former trustee, Lawrence D. Hopkins, M.D.International Sports Properties, Inc. (ISP): Organization trustee, Benjamin C. Sutton, Jr., is an officer and owner of ISP. Flow Automotive Companies: Organization trustee, Donald E. Flow, is the president and majority owner of Flow Automotive Companies.Dr. Kevin N. Rask: Family member of the organization's officer, Dr. Jill M. Tiefenthaler.Brian A. Kell: Family member of the organization's key employee, Dr. Jacquelyn S. Fetrow.Blue Cross/Blue Shield of North Carolina: The organization's trustee, James T. Williams, Jr., is a director of Blue Cross/Blue Shield of North Carolina (BCBSNC).Julia Hatch: Family member of the organization's president, Nathan O. Hatch. X 1 40000 Appraisal X 91 76315 Sale proceeds X 316 7032235 Market Value X 5 41987436 FMV /Actuarial X 2 8459 CSV life ins X 46 32323 Cost X 252 202525 FMV X Furniture 4 29801 FMV X Equipment 26 101466 FMV 4 false true true Part I, Line 33, Revenues Not Reported Wake Forest University receives contributed services from donors valued at $643,267, 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 3 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 3 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 weekKyle A. Young, MDTrustee, Filing Organization 4 hours per weekDirector, WFU Health Sciences 4 hours per week Trustee Services Provided to Multiple Related Organizations Diana M. AdamsTrustee, Filing Organization 5 hours per weekTrustee, WFU Development Foundation (until 7-16-10) 0.1 hours per weekJohn I. Bitove, Jr.Trustee, Filing Organization 5 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 3 hours per weekDirector, WFU Health Sciences 4 hours per weekDirector, WFU Baptist Medical Center 2 hours per weekThomas A. DingledineTrustee, Filing Organization 3 hours per weekTrustee, WFU Foundation 0.5 hours per weekTrustee, WFU Development Foundation 0.5 hours per weekDavid W. DupreeTrustee, Filing Organization 8 hours per weekTrustee, WFU Development Foundation (until 7-16-10) 0.1 hours per weekFrederick W. Eubank, IITrustee, Filing Organization 5 hours per weekTrustee, WFU Foundation 0.5 hours per weekTrustee, WFU Development Foundation 0.5 hours per weekLisbeth C. EvansTrustee, Filing Organization 4 hours per weekTrustee, WFU Foundation 0.5 hours per weekTrustee, WFU Development Foundation 0.5 hours per weekDonald E. FlowTrustee, Filing Organization 3 hours per weekDirector, WFU Health Sciences 4 hours per weekDirector, WFU Baptist Medical Center 2 hours per weekJames R. Helvey, IIITrustee, Filing Organization 5 hours per weekTrustee, WFU Development Foundation (until 7-16-10) 0.1 hours per weekDirector, WFU Health Sciences 4 hours per weekMatthew A. KingTrustee, Filing Organization 4 hours per weekTrustee, WFU Foundation 0.5 hours per weekTrustee, WFU Development Foundation 0.5 hours per weekDeborah D. LambertTrustee, Filing Organization 3 hours per weekTrustee, WFU Foundation 1 hours per weekTrustee, WFU Development Foundation 1 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 weekRichard H. MooreTrustee, Filing Organization 5 hours per weekTrustee, WFU Development Foundation (until 7-16-10) 0.1 hours per weekDeborah K. RubinTrustee, Filing Organization 3 hours per weekDirector, Reynolda House, Inc. 1 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, cont. Matthew S. Cullinan, Ph.D.Vice President, Filing Organization 40 hours per weekJames J. DunnVice President, Filing Organization 40 hours per week[but duties include investment of endowment f/b/o related organization, WFUHS]Jill M. Tiefenthaler, Ph.D.Provost, Filing Organization 40 hours per weekJohn P. Anderson, Ph.D.Former Vice President, Filing Organization 40 hours per weekFormer Vice President, WFU Foundation 0 hours per weekFormer Vice President, WFU Development Foundation 0 hours per weekFormer Officer, Reynolda House, Inc. 0 hours per week*Dr. Anderson's compensation from the related organization, Wake Forest University was for services as a professor.Louis R. MorrellFormer Treasurer, Filing Organization 20 hours per weekFormer Treasurer, Wake Forest University Foundation 0 hours per weekFormer Treasurer, WFU Development Foundation 0 hours per week*Mr. Morrell's compensation from the filing organization, Wake Forest University, was for services as an investment managerWilliam C. Gordon, Ph.D.Former Provost, Filing Organization 40 hours per week*Dr. Gordon's compensation from the filing organization, WFU, was for services as a professor.Craig O. ThomasFormer Assistant Treasurer, Filing Organization 40 hours per week*Mr. Thomas' compensation from the filing organization, WFU, was for services as Director of Investments. 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 25 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 8 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 weekNancy D. Suttenfie1dVice President, Filing Organization (to 11-8-10) 39 hours per weekVice President, WFU Foundation (to 10-5-10) 0.2 hours per weekVice President, WFU Development Foundation (to 10-5-10) 0.5 hours per weekDirector, Piedmont Triad Research Park (to 10-5-10) 0.3 hours per weekB. Hofler MilamVice President, Filing Organization (from 12-1-10) 39.5 hours per weekVice President, WFU Foundation(from 2-17-11) 0.2 hours per weekVice President, WFU Development Foundation (from 2-17-11) 0.3 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 July 1, 2010, the governing boards of four North Carolina nonprofit corporations (Wake Forest University, North Carolina Baptist Hospital, Wake Forest University Health Sciences, and Wake Forest University Baptist Medical Center) entered into an agreement (the "Medical Center Integration Agreement" or "MCIA") under which the operation of each of North Carolina Baptist Hospital ("NCBH") and Wake Forest University Health Sciences ("WFUHS") was delegated to Wake Forest University Baptist Medical Center ("WFUBMC"). WFUHS is a wholly-controlled subsidiary entity of Wake Forest University ("WFU"). WFUBMC is now a membership nonprofit corporation whose two equal members are NCBH (which entity is unrelated to WFU) and WFU. This consolidation of management in WFUBMC of the various academic medical center operations, subject to substantial reserved powers in each of the constituent members' (or in WFUHS') boards, mandated changes in the governance documents of each organization. Below is a summary of the significant changes to the governance documents of Wake Forest University adopted since the filing of the prior year's Form 990: Bylaws* Health Affairs Committee section (4.3.2.3.4) was revised to require the committee to report both on the status of the WFU medical school and of Wake Forest University Baptist Medical Center.* The Executive Vice President for Health Affairs is added as a corporate officer in section 5.1, and rather than being appointed by the WFU President, this person holds the office ex officio, as CEO of the Medical Center, and his or her duties are as set out in the MCIA. (5.2.1)* The MCIA's controlling provisions are referred to in sections 7.2 and 7.3, with respect to the operation of WFUHS and its programs and research activities.* The major changes to the WFU bylaws are reflected in revisions to Appendix B of such bylaws, containing the Policy for the Operation of the School of Medicine. * The MCIA is described, and the role of WFUBMC in operating WFUHS. The intent that the WFU Bylaws and the WFUHS Articles and Bylaws be consistent with the provisions of the MCIA is stated, but it is also noted that no authority or power held by WFU or WFUHS under the MCIA is restricted or limited by such Articles or Bylaws. * Appendix B now also reflects language from the MCIA regarding the WFU Medical School's aspiration to be part of a preeminent, internationally recognized academic medical center with balanced excellence in patient care, research and education. * Administrative changes resulting from the MCIA are also included, such as the process for appointment of the Medical School Dean, but tenure is still granted only by action of the WFU Board of Trustees. * The reserved powers in WFU specified in the MCIA are, unless specifically delegated to the WFUHS board or to the board of another WFU-controlled subsidiary, to be exercised by the WFU Board of Trustees. Form 990, Part III, Line 4d Form 990, Part III, Line 4d : Other Program Services Description OTHER PROGRAM SERVICES 4: Grants and internally funded research pursuant to basic science and technology. Wake Forest University manages research projects in Biology, Chemistry, Physics, Mathematics, Computer Science, Health & Exercise Science, Divinity and Business. The Z. Smith Reynolds library and the professional center libraries together hold almost 1.5 million print volumes, as well as access to a multitude of web based resources. The campus libraries provide resources for both student and faculty researchers. Client Note 1 - Wake Forest University2010 year ended 6/30/2011Attachment 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 Ofincina Izquierda Salamanca Salamanca SP 37120 study abroad educ. activities SP 76109 NA Creative Cafe LLC PO Box 7201 WinstonSalem NC 27109 263700428 Restaurant NC 289543 115198 NA Deacon Blvd Holdings I LLC PO Box 7201 WinstonSalem NC 27109 262203211 Real Estate Holding - Currently Inactive NC NA WFU Bapt Med Ctr Com Physicians Medical Center Blvd WinstonSalem NC 27157 561903275 Operates Primary Care Clinics NC 501(c)(3) Line 11a WFU Health Sciences false Dialysis Access Group - Wake Forest Univ Medical Center Blvd WinstonSalem NC 27157 204241942 Vascular access treatment of ESRD patients NC 501(c)(3) Line 11a 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 WFU Health Sciences false Idealliance Foundation Medical Center Blvd WinstonSalem NC 27157 562094000 Educational activities supporting Idealliance NC 501(c)(3) Line 11a WFU Health Sciences false PTRP Development Corp Medical Center Blvd WinstonSalem NC 27157 061818498 Research park development oversight NC 501(c)(3) Line 11a WFU Health Sciences false Idealliance Medical Center Blvd WinstonSalem NC 27157 562094067 Research Park development NC 501(c)(6) 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 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 NA 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 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 Wake Forest University true Third Ave Emrg Mkt Fd LP 622 Third Avenue 32 Floor New York NY 10017 271967789 Investment NY N/A Excluded 935915 10935915 false false 0.5544 WFU - 6 CRUT PO Box 7201 WinstonSalem NC 27109 456729730 Investment NC WFU TTEE Trust 1597443 0.53390 WFU - 6 CRUT PO Box 7201 WinstonSalem NC 27109 900237204 Investment NC WFU TTEE Trust 202793 0.64610 WFU - 6375 CRUT PO Box 7201 WinstonSalem NC 27109 566459446 Investment NC WFU TTEE Trust 90599 0.53350 WFU - 6 CRUT PO Box 7201 WinstonSalem NC 27109 586268101 Investment NC WFU TTEE Trust 133395 0.61100 WFU - 6 CRUT PO Box 7201 WinstonSalem NC 27109 911832851 Investment NC WFU TTEE Trust 371106 0.62810 WFU - 6 CRUT PO Box 7201 WinstonSalem NC 27109 566473036 Investment NC WFU TTEE Trust 162201 0.62810 WFU - 6 CRUT PO Box 7201 WinstonSalem NC 27109 582175582 Investment NC WFU TTEE Trust 34398 0.62900 WFU - 65 CRUT PO Box 7201 WinstonSalem NC 27109 566476872 Investment NC WFU TTEE Trust 123348 0.50230 WFU - 7 CRUT PO Box 7201 WinstonSalem NC 27109 912129902 Investment NC WFU TTEE Trust 389825 0.55100 WFU - 8 CRUT PO Box 7201 WinstonSalem NC 27109 912131579 Investment NC WFU TTEE Trust 65844 0.70580 WFU - 5 CRUT PO Box 7201 WinstonSalem NC 27109 566562122 Investment NC WFU TTEE Trust 51160 0.62110 false true true true false false false false false false false false false true true true false false Third Ave Emrg Mkt Fd LP b 10000000 Cash invested Reynolda House Inc b 450000 GeneralSupport Wake Forest University Development Fndn n 55373 FMV Wake Forest University Development Fndn c 60464 Cash Transfer Wake Forest University Health Sciences p 8938685 Cash Transfer Wake Forest University Health Sciences o 3948971 Cash Transfer Wake Forest University Foundation n 93104 FMV Wake Forest University Foundation d 1261033 Cash Transfer