2011-05-16T06:27:39-07:00 2010-06-30 990 2009-07-01 560532138 WAKE FOREST UNIVERSITY WAKE 3367585233 PO BOX 7201 WINSTONSALEM NC 27109 B Hofler Milam 2011-05-16 2009 2016-02-24 21:20:13Z Nathan O Hatch PhD P O Box 7226 WinstonSalem NC 27109 493693779 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 5333 1590 -89951 -4452984 45000972 48508165 264873220 283221184 -21087371 17954608 6077283 10048678 294864104 359732635 62076629 69420845 0 160355105 173867840 723710 13808038 117022962 109598174 339454696 353610569 -44590592 6122066 1019532526 1076404288 312122187 321010163 707410339 755394125 Wake Forest University, an institution of higher education, was organized exclusively for religious, charitable, scientific, literary, and educational purposes within the meaning of 501(c)(3) of the Internal Revenue Code of 1986, as amended, and 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 st false false 158318946 55724603 224744281 Instruction of approximately 7,760 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. 54.5% of the graduate and undergraduate student population received financial aid awards. Approximately 4,237 students received scholarships from the institution during the year. 75118455 11191476 67324788 Wake Forest maintains campus bookstores, housing and dining facilities, mail services and other program services, including Athletics. Athletic scholarships provided funding for 298 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. 45362015 1596635 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. 22464873 1279048 8228896 301264289 true true false true false false false true true true true false true true true true true true true true false false true true true true false false false false false true false false true true true true false false true true true false false true 8555 1 true 5333 true true true true AU false false false false false true true true 2 false false false true false false false false 44 41 true false true false false false false true true false false false true true true true true true true true false false X X Brandon E Gilliland 3367585233 PO BOX 7201 WINSTONSALEM NC 27109 William C GordonPhD 0. X 204934 0 40705 W Louis Bissette Jr 10.00 X 0 0 0 Thomas W Bunn 5.00 X 0 0 0 Thomas A Dingledine 5.00 X 0 0 0 Susan M Ivey 5.00 X 0 0 0 Steven S Reinemund 40.00 X 420238 0 32448 Steve H Nickles 0. X 362330 0 37734 Simpson O Brown Jr 5.00 X 0 0 0 Ronald D Wellman 40.00 X 648523 0 46427 Richard H Moore 5.00 X 0 0 0 Ranlet S Bell 7.00 X 0 0 0 Nathan O Hatch PhD 25.00 X 594502 0 271255 Nancy D Suttenfield 39.00 X 396516 0 39392 Matthew S Cullinan PhD 40.00 X 254801 0 28218 Matthew A King 7.00 X 0 0 0 Mark A Petersen 40.00 X 443565 0 52943 Lisbeth C Evans 7.00 X 0 0 0 Lelia B Farr 5.00 X 0 0 0 Lawrence D Hopkins MD 5.00 X 0 209520 41650 L Morrell-former Treas 20.00 X 426455 0 48955 Kyle A Young MD 5.00 X 0 0 0 Kenneth D Miller 5.00 X 0 0 0 Katherine B Wright 5.00 X 0 0 0 K Wayne Smith PhD 5.00 X 0 0 0 John R Lowden 5.00 X 0 0 0 John P Anderson PhD 0. X 139391 0 30000 John K Medica 5.00 X 0 0 0 John I Bitove Jr 5.00 X 0 0 0 Jocelyn Burton 7.00 X 0 0 0 Jim B Grobe 40.00 X 2235082 0 40463 Jill M Tiefenthaler PhD 40.00 X 368126 0 43241 Jerry H Baker 5.00 X 0 0 0 Jermyn M Davis 5.00 X 0 0 0 Jeanne P Whitman 5.00 X 0 0 0 Janice K Story 5.00 X 0 0 0 James W Johnston 7.00 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 20.00 X 355101 0 32330 Jacquelyn S Fetrow PhD 40.00 X 248787 0 25419 J Reid Morgan 20.00 X 293567 0 48746 J Lanny Wadkins Jr 5.00 X 0 0 0 Harold O Rosser 5.00 X 0 0 0 Graham W Denton Jr 10.00 X 0 0 0 Frederick W Eubank III 5.00 X 0 0 0 Dr Lloyd P Tate Jr 5.00 X 0 0 0 Donna A Boswell PhD 5.00 X 0 0 0 Donald D Leonard 5.00 X 0 0 0 Dino J Gaudio 40.00 X 812374 0 36399 Diana M Adams 5.00 X 0 0 0 Deborah D Lambert 7.00 X 0 0 0 Craig O Thomas 0. X 193518 0 31844 Charles Jeffrey Young 5.00 X 0 0 0 Celeste Mason Pittman 5.00 X 0 0 0 Candy M Ergen 5.00 X 0 0 0 Bobby R Burchfield 7.00 X 0 0 0 Blake D Morant 40.00 X 397085 0 46771 Benjamin C Sutton Jr 5.00 X 0 0 0 Anita M Conrad 20.00 X 143377 0 26384 Andrew J Schindler 5.00 X 0 0 0 Alice Kirby Horton 5.00 X 0 0 0 Albert R Hunt 5.00 X 0 0 0 Adelaide A Sink 5.00 X 0 0 0 8938272 209520 1001324 341 true true false IL Long Construction CO Inc 4117 Indiana Ave WinstonSalem NC 27105 Construction 4083772 Hanbury-Evans-Wright-Vlattas and Co PO Box 3518 Norfolk VA 23514 Architecture 2776903 Frank L Blum Construction Company 830 25th St NE WinstonSalem NC 27105 Construction 10211543 DH Griffin Construction Company 431 Raleigh View Road Raleigh NC 27610 Construction 2572639 Aramark Campus Services 1101 Market St 12th Fl Philadelphia PA 19107 Food Service 11051628 135 296522 1386920 9735286 37089437 3285002 48508165 Tuition and Fees 611310 224744281 224744281 Telecom & Other Services 611710 6894990 1450289 5444701 Student Housing & Dining 721310 23332692 23332692 Organized Activities 515100 3778338 3180683 597655 Athletic Programs 711210 21320427 20155978 1164449 3150456 3150456 283221184 10437566 -4373428 14810994 689327 689327 995054 995054 7536874 7305794 231080 231080 231080 127980305 121152590 6827715 6827715 6827715 17010 296522 42351 -25341 -33883 8542 0 14100181 5460409 8639772 4075364 4564408 Tennis Club 713940 174521 174521 Athletic Advertising 541800 33592 33592 208113 359732635 275980496 -89951 35333925 1020943 1020943 67810698 67810698 589204 589204 0 6699419 2344226 2611364 1743829 0 133376083 111592487 16624714 5158882 11643742 9379243 1689137 575362 12759962 10354365 1653151 752446 9388634 7565602 1359838 463194 0 368932 102436 266496 219538 7000 212538 0 723710 723710 4249199 2938003 1309177 2019 9820462 5301753 3863193 655516 4616670 2441722 227855 1947093 21537158 18362242 2237816 937100 5034290 1452184 3466569 115537 0 7964524 7849099 54204 61221 8669146 8093197 96340 479609 0 2205000 1810378 372006 22616 5191670 5191670 717629 717629 21388716 20560699 828017 1687201 953268 722450 11483 Non Capital Equip & Furnishing 3184967 2158876 878363 147728 Library, Books & Subscriptions 5190191 5138402 43166 8623 Bad debt expense 337434 322957 14477 Auxiliary Enterprises 3051029 3051029 Actuarial Adjustment 4089193 4089193 75225 65784 7371 2070 353610569 301264289 38538242 13808038 0 145015404 170725663 36135413 38460180 6343398 7118774 500000 621510 0 23371764 24446271 2618821 1761209 867094 728282 560471708 243942955 293762785 316528753 243163883 147649595 266155693 366691090 0 0 1598271 1672961 1019532526 1076404288 21739456 24873807 10375593 10249193 12403408 15981152 174140000 169720000 26640532 26552608 66823198 73633403 312122187 321010163 X 337147292 365366687 188269418 205378451 181993629 184648987 707410339 755394125 1019532526 1076404288 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. X X X false true 349441021 79829632 25609521 403661132 false 504636725 4856562 53342647 17524560 11167739 2583060 531560575 643133092 18055306 -125720361 11066538 18055931 1708843 504636725 0.37000 0.33000 0.30000 false false false 434250 10934043 11368293 50256524 272817825 111208922 211865427 118774350 77179524 41594826 62701453 54389592 8311861 44553263 1164917 43388346 316528753 366691090 Postretirement benefits 12537887 Other liabilities and deferral 37077604 Due from WFU Affiliate - Health Sciences -179856 Bond discount 2525117 Annuities payable 21672651 73633403 359732635 353610569 6122066 43248641 -624181 42624460 48746526 339796528 43248641 17504520 60753161 279043367 4261104 76428164 80689268 359732635 291050002 16741781 16741781 274308221 4261104 75041244 79302348 353610569 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 $67623771 Internal revenue allocations $2863933 Post retirement benefits $464347 Actuarial obligation changes $4089193 Part XIII, Line 2d Part XIII, Line 2d: Other expenses and losses per audited F/S Rental expenses $7305794 Cost of Goods Sold $5460409 Fundraising event expenses $42351 Subsidiaries filing separate 990s $3933227 Part XII, Line 4b Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S Tuition scholarship discounts $67623771 Receipts from supporting org, WFUF $1386920 Internal revenue allocations $2863933 Post retirement benefits $464347 Actuarial obligation changes $4089193 Part XII, Line 2d Part XII, Line 2d: Other revenue amounts included in F/S but not included on form 990 Rental Expenses $7305794 Cost of Goods Sold $5460409 Fundraising event expenses $42351 Subsidiaries filing separate 990s $4695966 Part XI, Line 8 Part XI, Line 8: Other Changes in Net Assets or Fund Balances Income of subsidiaries filing separate 990s $762739 Transfers from supp org, WFUF $ -1386920 Part V, Line 4 Part V, Line 4: Intended uses of the endowment fund. Approximately 61% of the expendable endowment funds provided scholarships for Wake Forest University students during the fiscal year. 23% was distributed for department chair and faculty positions, including funds for research professorships. 7% supported educational programs generally, the libraries and general university operations. 9% 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 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, approximately $2 million, was immaterial to the financial statements as a whole. true true true 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 true true true true false false false false false false false false true false 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. true true Sub-Saharan Africa 0 3 Program Service Research 51758 Sub-Saharan Africa 0 0 Program Service Study Abroad 14059 Sub-Saharan Africa 0 0 Program Service Conference 4089 South Asia 0 0 Program Service Study Abroad 11720 South Asia 0 0 Program Service Research 10873 South Asia 0 0 Program Service Recruiting 1921 South Asia 0 0 Program Service Conference 3626 South America 0 0 Program Service Study Tour 43837 South America 0 0 Program Service Study Abroad 33852 South America 0 0 Program Service Research 49112 South America 0 0 Program Service Conference 9482 North America 0 0 Program Service Study Abroad 13547 North America 0 0 Program Service Research 17719 North America 0 0 Program Service Conference 46953 Mid East & N Africa 0 0 Program Service Study Abroad 40421 Mid East & N Africa 0 0 Program Service Research 9095 Mid East & N Africa 0 0 Program Service Conference 9010 Europe & North Atlantic 5 45 Program Service Study Abroad 2236998 Europe & North Atlantic 0 0 Program Service Research 68719 Europe & North Atlantic 0 0 Program Service Recruiting 5086 Europe & North Atlantic 0 0 Program Service Conference 113810 East Asia & Pacific 0 0 Program Service Study Abroad 151817 East Asia & Pacific 0 0 Program Service Research 21061 East Asia & Pacific 0 0 Program Service Conference 16538 Ctr America & Caribbean 1 7 Program Service Conference 3896 Ctr America & Caribbean 0 0 Program Service Study Abroad 141057 Ctr America & Caribbean 0 0 Program Service Research 16037 6 55 3146093 South Asia Internship 4000 Check South America Forestry 19000 Wire N Amer Medical 539 Med supplies cost Europe Tuitn Exch 57773 Wires Europe Tuitn Exch 21000 Wires Europe Tuitn Exch 16637 Wires Europe Tuitn Exch 166043 Wires Europe Tuitn Exch 133500 Checks Europe Subcontrct 32469 Checks East Asia Tuitn Exch 59631 Checks Cen Am Carib Support 3000 p-card 11 Student research grants Sub-Saharan Africa 4 13738 Check Student research grant South America 1 2800 Check Student research grant Russia & Ind Sts 1 5500 Check Student research grant North America 1 4500 Check Student research grant Middle East-N Afr 1 5000 Check Student research grant Europe & N Atlant 9 23587 Checks Student research grant East Asia & Pacif 4 16487 Checks Student internship stipend South Asia 1 4000 Check 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 717919 WY WI WV VA UT TX TN SD SC RI PA OR OK OH ND NC NM NJ NH NV NE MT MS MO ME ME LA KS IA IN IL ID HI GA FL DE CT CO CA AR AK AL WFDD Events 287372 285872 1500 7650 627 27106 SGA Auction 26160 10650 15510 6968 313532 296522 17010 7650 6968 627 27106 42351 -25341 true Winthrop University 701 Oakland Ave Rock Hill SC 29733 576001204 501(c)(3) 17052 0 Research Subcontract Western Carolina University HFR Admin Bldg Rm 317 Cullowhee NC 28723 566001440 115 State Agency 44323 0 DHS subcontract Washington Center for Internship 1333 16th Street NW Washington DC 20036 521019820 501(c)(3) 144340 0 Internships University of Florida PO Box 113001 Gainsville FL 32611 596002052 115 State Agency 31302 0 NIH subcontracts United Way of Forsyth County 301 North Main Street WinstonSalem NC 27101 237357234 501(c)(3) 8000 0 Charitable Contribution UNC School of the Arts 1533 S Main Street WinstonSalem NC 27127 566065273 115 State Agency 33607 0 Sponsored NSF subcontract UNC Chapel Hill 208 West Franklin Street Chapel Hill NC 27599 699091994 115 State Agency 9000 0 ACC Int'l Conf scholarships UNC Chapel Hill 208 West Franklin Street Chapel Hill NC 27599 699091994 115 State Agency 6722 0 Research Subcontract The Childrens Home 1001 Reynolda Road WinstonSalem NC 27104 560547495 501(c)(3) 16907 0 Charitable Contributions Texas A&M - AgriLife Research 2147 TAMU College Station TX 77843 746000531 115 State Agency 9583 0 Research Subcontract Reynolda House Museum of Art PO Box 7287 WinstonSalem NC 27109 560810676 501(c)(3) 450000 0 Operational Support Old Hickory Council - BSA 6600 Silas Creek Parkway WinstonSalem NC 27106 560529985 501(c)(3) 10000 0 Contribution North Carolina State University Office-Grants Contracts Box 7214 Raleigh NC 27695 566000756 115 State Agency 5860 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) 31483 0 Research subcontract La Salle University 1900 West Olney Ave Philadelphia PA 19141 231352654 501(c)(3) 17376 0 Research subcontract Habitat For Humanity 339 Witt Street WinstonSalem NC 27103 561448955 501(c)(3) 31500 0 Habitat House Sponsor Florida Institute of Technology 150 W University Blvd Melbourne FL 32901 596046500 501(c)(3) 76330 0 Research subcontract Duke University 324 Blackwell Street Durham NC 27701 560532129 501(c)(3) 10000 0 ACC Int'l Conf scholarships Clemson University Foundation PO Box 1889 Clemson SC 29633 570426335 501(c)(3) 15000 0 ACC Int'l Conf scholarships 20 0 Waddill Awards 4 40000 Grad & Undergrad Tuition Scholarships 3157 62366079 University charges Tuition discounts Departmental scholarships 817 912860 Auxiliary scholarship awards 936 2136631 University charges Tuition, fees, room & board Athletic nontuition scholarships 295 2259866 2010 Marketing Summit awards 38 95262 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 false true X X X X X X false true false false false false false true false false William C GordonPhD 204538 396 15980 24725 245639 Steven S Reinemund 394238 20000 6000 16500 15948 452686 Steve H Nickles 243517 13500 105313 24500 13234 400064 Ronald D Wellman 619058 29465 24500 21927 694950 Nathan O Hatch PhD 524277 34065 36160 209917 61338 865757 Nancy D Suttenfield 338677 45000 12839 29468 9924 435908 Matthew S Cullinan PhD 247128 7673 15625 12593 283019 Mark A Petersen 346466 25000 72099 24500 28443 496508 Lawrence D Hopkins MD 130109 78278 1133 41650 251170 L Morrell-former Treas 410358 16097 24500 24455 475410 John P Anderson PhD 138217 1174 14516 15484 169391 Jim B Grobe 2167766 46190 21126 24500 15963 2275545 Jill M Tiefenthaler PhD 347616 20510 24500 18741 411367 James J Dunn 247160 100000 7941 32330 387431 Jacquelyn S Fetrow PhD 221475 20000 7312 16875 8544 274206 J Reid Morgan 281576 11991 24500 24246 342313 Dino J Gaudio 781738 12200 18436 18375 18024 848773 Craig O Thomas 193458 60 15000 16844 225362 Blake D Morant 322437 10000 64648 28750 18021 443856 Anita M Conrad 143239 138 11816 14568 169761 Sch J, Part I, Line 7 Part I, Line 7: Non-Fixed payments not listed above Various Officers and Key Employees have bonus computations contained in their employment agreements. These are often goal-based merit bonuses; the bonus is determined in the evaluation of the employee's performance by his or her supervisor. Others are awarded discretionary bonuses, but within budgetary constraints. Other non-fixed payments may include relocation bonuses that are typically included as a provision in an employment agreement and performance incentive compensation payments that are reflected on the individual's W-2. Sch J, Part I, Line 1b Part I, Line 1b: Reason for not following policy regarding payment provisions for expenses The organization has an IRC Section 62 Accountable Plan, but expense policies did not specifically cover or provide for each of the expense items identified in line 1. In the event an expense or benefit was outside the scope of organization policy, either (a) proper approval was obtained by the Board Chair, President, or designee, or (b) in lieu of a standardized written policy on specific benefits, listed persons had certain benefits included in their employment contract that was approved by the President and/or the Board Compensation Committee. New written Travel and Business Expense Policies covering such payments and reimbursements were adopted during the fiscal year. 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 houskeeping, landscaping and maintenance, are provided for the President's University-owned residence. NC Capital Facs Fin Agcy Ed Facs Ser 2004B 561592154 65818PEB1 2004-12-21 30760000 See Schedule O false false NC Capital Facs Fin Agcy Ed Facs Ser 2004A 561592154 65818PEC9 2004-12-21 36605000 See Schedule O false false NC Capital Facs Fin Agcy Ed Facs Ser 2009 561592154 65818PHB8 2009-05-28 112612190 See Schedule O false false 30760000 30490000 270000 2001 false true true true 36605000 36304839 300161 1999 true false true true 113220869 38662147 37794049 1121250 35643423 true false false true false true true false true 0.00000 0.00000 true false true true See Schedule O 8.5000 false false false false true false false false true false false false false false true Nathan O Hatch PhD Life Ins Loan X 100000 621510 false true true 621510 Blue CrossBlue Shield NC See Schedule O 1149221 Healthcare Administrator false BB&T Corp See Schedule O 347177 Investment income false Brian A Kell See Schedule O 47838 Employee Wages false Dr Kevin N Rask See Schedule O 121400 Employee Wages false Flow Automotive Companies See Schedule O 184169 Purchase vehicles, repair false Internatl Sports Properties Inc See Schedule O 109075 Sports Marketing svcs false Internatl Sports Properties Inc See Schedule O 1832069 Licensing,royalties,sponsr false Muriel Hopkins See Schedule O 16200 Employee wages false BB&T Corp See Schedule O 183762 Bank Fees & Loan Interest false X 1 150 FMV X 113 84945 Sale proceeds X 272 1575578 Market Value X 56 23591 Cost X 7 21974 FMV X Event tickets 1 300 FMV X Equipment 50 191544 FMV 6 false true true Part I, Line 33, Revenues Not Reported Wake Forest University receives contributed services from donors valued at $592,764, 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. 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 See response to line 15a, above. 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 determine any potential conflicts of interest. 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 final 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 Changes to Filing Organization's Bylaws:- A change in the filing organization's "Policy for the Operation of Wake Forest University School of Medicine" was approved, to reflect a new process for the appointment of the president of its related medical school subsidiary organization, Wake Forest University Health Sciences (jointly appointed by the President of the filing organization and by the CEO of Wake Forest University Baptist Medical Center, another related organization).- Changes to the authority of the Finance Committee of the filing organization's governing board, with respect to such committee's service as the board of subsidiary organizations holding real property for special purposes, were adopted.The Filing Organization's Policy Resolutions in Implementation of its Bylaws were also changed:- To mirror the Bylaws changes noted above;- To incorporate changes in the provisions of UPMIFA (North Carolina's Uniform Prudent Management of Institutional Funds Act, which replaced the former Uniform Management of Institutional Funds Act (UMIFA)) into the filing organization's "Policy on Institutional Funds"; and- To realign duties of the governing board's Finance and Investment Policy Committees, and those of the respective administrative officers (CFO and CIO), in each of those areas, to conform to their administrative responsibilities following a division of those duties into two executive positions. Form 990, Part VI, Line 2 Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et Key employee, Ronald D. Wellman, is a Trustee of TriStone Community Bank, where the organization's Trustee, Simpson O. Brown, is an Officer of the bank. 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 Note1 Wake Forest University2009 year ended 6/30/2010Attachment to Form 990-TPART V, LINE 1: INTEREST IN OR AUTHORITY OVER A FOREIGN ACCOUNTNAME OF COUNTRY: United Kingdom, France, Spain, Austria, Italy, Nicaragua Creative Cafe LLC PO Box 7201 WinstonSalem NC 27109 263700428 Restaurant NC NA Deacon Blvd Holdings I LLC PO Box 7201 WinstonSalem NC 27109 262203211 Real Estate Holding - Currently Inactive NA 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 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 Idealliance Foundation Medical Center Blvd WinstonSalem NC 27157 562094000 Educational activities supporting Idealliance NC 501(c)(3) Line 11a WFU Health Sciences PTRP Development Corp Medical Center Blvd WinstonSalem NC 27157 061818498 Research park development oversight NC 501(c)(3) Line 11a WFU Health Sciences Idealliance Medical Center Blvd WinstonSalem NC 27157 562094067 Research Park development NC 501(c)(6) WFU Health Sciences 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 Wake Forest Univ Baptist Medical Center Medical Center Blvd WinstonSalem NC 27157 510190238 Supports WFU Health Sciences & NC Baptist Hospital NC 501(c)(3) Line 11a NA 50 Reynolda House PO Box 7287 WinstonSalem NC 27109 560810676 Museum of American Art NC 501(c)(3) Line 7 NA 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 NA Wake Forest University Health Sciences Medical Center Blvd WinstonSalem NC 27157 223849199 Medical Education, research and patient care NC 501(c)(3) Line 2 NA Wake Forest University Foundation PO Box 7201 WinstonSalem NC 27109 562038193 Real Estate Holding and Management NC 501(c)(3) Line 11a NA false true true true false false false false false false false false false true true true false false Reynolda House b 450000 Wake Forest University Development Fndn n 54145 Wake Forest University Health Sciences p 6638039 Wake Forest University Health Sciences o 3141251 Wake Forest University Foundation n 109257 Wake Forest University Foundation d 536046 Wake Forest University Foundation c 1386920 Wake Forest University Foundation b 717629