WAKEMED: Form 990, tax year 2009
View the entire original 990 at ProPublica ↗
- Organization
- WAKEMED (EIN 56-1133894)
- Tax period
- 2009-10-01 to 2010-09-30
- Filed
- 2011-08-12
- IRS object ID
- 201112249349301306
- Schema version
- 2009v1.7
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-08-12T09:31:24-05:00 | Timestamp |
| Tax Period End Date | 2010-09-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LarsonAllen LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 101 N Tryon Street Suite 1000 | AddressLine1 |
| City | Charlotte | City |
| State | NC | State |
| ZIP Code | 28246 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2009-10-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 561133894 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WAKEMED PROPERTY SERVICES | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | WAKE | NameControl |
| Phone | 9193508000 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3000 NEW BERN AVEnue | AddressLine1 |
| City | RALEIGH | City |
| State | NC | State |
| ZIP Code | 27610 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Michael D DeVaughn | Name |
| Title | CFO | Title |
| Phone | 9193508000 | Phone |
| Date Signed | 2011-08-11 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 7049985200 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2009 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
Doing Business As DoingBusinessAs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | see schedule O | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | william k atkinson II p | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3000 NEW BERN AVEnue | AddressLine1 |
| City | RALEIGH | City |
| State | NC | State |
| ZIP Code | 27610 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 8335454 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | WWW.WAKEMED.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1984 | YearFormation |
| State Legal Domicile | NC | StateLegalDomicile |
| Activity Or Mission Description | WAKEMED PROPERTY SERVICES MAINTAINS AND LEASES SPACE TO WAKEMED, PHYSICIAN GROUPS, AND OTHER MEDICAL RELATED ENTITIES DURING THE YEAR FOR THE PURPOSE OF PROVIDING MEDICAL SERVICES IN A CONVENIENT AND EFFICIENT MANNER TO THE CITIZENS LIVING IN THE VICINTY OF THESE PROPERTIES. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 14 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 14 | NbrIndependentVotingMembers |
| Total Nbr Employees | 0 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 8256368 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 7874518 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 66489 | InvestmentIncomePriorYear |
| Investment Income Current Year | 60179 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 14155 | OtherRevenuePriorYear |
| Other Revenue Current Year | 80561 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 8337012 | TotalRevenuePriorYear |
| Total Revenue Current Year | 8015258 | TotalRevenueCurrentYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 496842 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 449727 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 8619897 | OtherExpensePriorYear |
| Other Expenses Current Year | 10567269 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 9116739 | TotalExpensesPriorYear |
| Total Expenses Current Year | 11016996 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -779727 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -3001738 | RevenuesLessExpensesCY |
| Total Assets BOY | 67978423 | TotalAssetsBOY |
| Total Assets EOY | 67806603 | TotalAssetsEOY |
| Total Liabilities BOY | 259285 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 831321 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 67719138 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 66975282 | NetAssetsOrFundBalancesEOY |
| Mission Description | wakemed property services provides, maintains and operates properties for the purpose of providing medical services and improved quality of life for all citizens living in the vicinity of the properties. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 10999372 | Expense |
| Revenue | 7900271 | Revenue |
| Description | wakemed property services continues to lease or purchase and maintain property in wake and johnston counties to lease or sublease to wakemed and other medical practitioners to expand the availability of medical services in the vicinity. wakemed property services owns and maintains fourteen properties (including land for future development), thirteen leased properties and manages two properties owned by wakemed. multiple wakemed departments and physician practices occupy the owned and leased space; including two freestanding emergency departments, three mobile critical care ambulance departments, four radiology departments and rehabilitation departments throughout wake and surrounding counties. there are currently 22 non-wakemed affiliated physician practices located in buildings owned or leased by wakemed property services. | Description |
| Total Program Service Expense | 10999372 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 0 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Balance Sheet Amounts Reported | 1 | BalanceSheetAmountsReported |
| Independent Audit Financial Stmt | 0 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 1 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 0 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 0 | NumberOfEmployees |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Nbr Voting Governing Body Members | 14 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 14 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 1 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 0 | CompensationProcessCEO |
| Compensation Process Other | 0 | CompensationProcessOther |
| Investment In Joint Venture | 1 | InvestmentInJointVenture |
| Written Policy Or Procedure | 1 | WrittenPolicyOrProcedure |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | Michael D DeVaughn cfo wakemed he | NamePerson |
| Telephone Number | 9193508000 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3000 New Bern Avenue | AddressLine1 |
| City | Raleigh | City |
| State | NC | State |
| ZIP Code | 27610 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | X | NoListedPersonsCompensated |
Form990 Part VII Section A Form990PartVIISectionA (35 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|
| billie j redmond | ||||||||
| chair - board of directors | 5.00 | X | 0 | 0 | 0 | |||
| larry d barbour | ||||||||
| vice chair - board of directors | 5.00 | X | 0 | 0 | 0 | |||
| thomas b oxholm | ||||||||
| secretary - board of direc | 5.00 | X | 0 | 0 | 0 | |||
| Richard F Baker | ||||||||
| Board member | 4.00 | X | 0 | 0 | 0 | |||
| jerry bernstein md | ||||||||
| board member | 4.00 | X | 0 | 0 | 0 | |||
| dana d copeland md | ||||||||
| board member | 3.50 | X | 0 | 0 | 0 | |||
| ron e doggett | ||||||||
| board member | 6.00 | X | 0 | 0 | 0 | |||
| brenda c gibson | ||||||||
| board member | 4.00 | X | 0 | 0 | 0 | |||
| david w jessen | ||||||||
| board member | 3.00 | X | 0 | 0 | 0 | |||
| william h mcbride | ||||||||
| board member | 5.00 | X | 0 | 0 | 0 | |||
| m jackson nichols | ||||||||
| board member | 4.00 | X | 0 | 0 | 0 | |||
| lorraine m wright phd | ||||||||
| board member | 4.50 | X | 0 | 0 | 0 | |||
| Lloyd M Yates | ||||||||
| Board member | 2.00 | X | 0 | 0 | 0 | |||
| Robert A Cerwin | ||||||||
| Board member | 2.00 | X | 0 | 0 | 0 | |||
| paul coble | ||||||||
| board member | 3.00 | X | 0 | 0 | 0 | |||
| jack o clayton | ||||||||
| board member | 4.00 | X | 0 | 0 | 0 | |||
| william p pinna | ||||||||
| board member | 2.00 | X | 0 | 0 | 0 | |||
| william k atkinson ii | ||||||||
| ceo | 40.00 | 0 | 797522 | 143276 | X | |||
| michael devaughn | ||||||||
| cfo | 40.00 | 0 | 386390 | 19979 | X | |||
| deborah g friberg | ||||||||
| exec vp & coo | 40.00 | 0 | 460619 | 36093 | X | |||
| kathleen k gormley | ||||||||
| executive VP - ambulatory | 40.00 | 0 | 455375 | 30222 | X | |||
| david c coulter | ||||||||
| senior vp & administrator Cary Hosp | 40.00 | 0 | 373103 | 33681 | X | |||
| mary a wilcox | ||||||||
| Senior VP - Op & CNO | 40.00 | 0 | 290680 | 33254 | X | |||
| jeanene r martin | ||||||||
| senior vp - human resources | 40.00 | 0 | 263201 | 34859 | X | |||
| evin d arledge | ||||||||
| vp & cio | 40.00 | 0 | 269187 | 33385 | X | |||
| thomas cavender | ||||||||
| vp facilities & construction | 40.00 | 0 | 248889 | 29190 | X | |||
| carolyn knapp | ||||||||
| vp - ambulatory services | 40.00 | 0 | 206465 | 31445 | X | |||
| BETSY GASKINS-mcclaine | ||||||||
| vp heart & vascular services | 40.00 | 0 | 202577 | 30165 | X | |||
| Georgia c sumiel | ||||||||
| vp - operations & logistics | 40.00 | 0 | 173047 | 22774 | X | |||
| derrick miles | ||||||||
| vp | 40.00 | 0 | 195638 | 23096 | X | |||
| timothy e harris | ||||||||
| md | 40.00 | 0 | 575608 | 31173 | X | |||
| mark l wood | ||||||||
| md | 40.00 | 0 | 559642 | 33728 | X | |||
| johnathan d chappell | ||||||||
| md | 40.00 | 0 | 540584 | 23323 | X | |||
| Gurvinder S Deol | ||||||||
| MD | 40.00 | 0 | 499759 | 25954 | X | |||
| Robert D Matthews | ||||||||
| MD | 40.00 | 0 | 392743 | 32802 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 0 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 6891029 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 648399 | TotalOtherCompensation |
| Number Individuals GT100 K | 0 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| progress energy | |||||
| po box 2041 | raleigh | NC | 27602 | electricity | 1021005 |
| jani-king | |||||
| 801 jones franklin road suite 230 | raleigh | NC | 27606 | janitorial services | 729688 |
| highwoods realty | |||||
| po box 409412 | atlanta | GA | 30384 | property rental | 673812 |
| lauth mgmt svcs brier creek medical part | |||||
| po box 6189 | hicksville | NY | 11801 | property rental | 577245 |
| highwoods boulevard llc co highwoods pr | |||||
| 3100 smoketree ct ste 600 | raleigh | NC | 27604 | property rental | 372383 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 15 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Related Rental Income | Description |
| Business Code | 531120 | BusinessCode |
| Total Revenue Column | 7874518 | TotalRevenueColumn |
| Related Or Exempt Function Income | 7874518 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 7874518 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 60179 | TotalRevenueColumn |
| Exclusion | $60,179 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 375004 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 320196 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 54808 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 54808 | TotalRevenueColumn |
| Exclusion | $54,808 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | gain in subsidiary | Description |
| Business Code | 900003 | BusinessCode |
| Total Revenue Column | 25753 | TotalRevenueColumn |
| Related Or Exempt Function Income | 25753 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 25753 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 8015258 | TotalRevenueColumn |
| Related Or Exempt Function Income | 7900271 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $114,987 | ExclusionAmount |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 449727 | Total |
| Program Services | 449727 | ProgramServices |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 23043 | Total |
| Program Services | 23043 | ProgramServices |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 15984 | Total |
| Program Services | 3815 | ProgramServices |
| Management And General | 12169 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 136618 | Total |
| Program Services | 136618 | ProgramServices |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 64393 | Total |
| Program Services | 59428 | ProgramServices |
| Management And General | 4965 | ManagementAndGeneral |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5447752 | Total |
| Program Services | 5447752 | ProgramServices |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2802 | Total |
| Program Services | 2802 | ProgramServices |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3170833 | Total |
| Program Services | 3170833 | ProgramServices |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 191258 | Total |
| Program Services | 191258 | ProgramServices |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral |
|---|---|---|---|
| janitorial and cleaning | 819782 | 819782 | |
| repairs and maintenance | 628448 | 628448 | |
| minor equipment | 4125 | 4125 | |
| dues and licenses | 3775 | 3775 | |
| Continuing education | 490 | 490 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 57966 | Total |
| Program Services | 57966 | ProgramServices |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 11016996 | Total |
| Program Services | 10999372 | ProgramServices |
| Management And General | 17624 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -294723 | BOY |
| EOY | -309122 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 140399 | BOY |
| EOY | 145571 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1236255 | BOY |
| EOY | 1149329 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 441126 | BOY |
| EOY | 416918 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 81827076 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 17747021 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 64172004 | BOY |
| EOY | 64080055 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2235338 | BOY |
| EOY | 2261091 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 48024 | BOY |
| EOY | 62761 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 67978423 | BOY |
| EOY | 67806603 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 252187 | BOY |
| EOY | 799645 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7098 | BOY |
| EOY | 31676 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 259285 | BOY |
| EOY | 831321 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 67719138 | BOY |
| EOY | 66975282 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 67719138 | BOY |
| EOY | 66975282 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 67978423 | BOY |
| EOY | 67806603 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supporting Organization509a3 | X | SupportingOrganization509a3 |
| Supporting Org509a3 Type2 | X | SupportingOrg509a3Type2 |
| Certification Checkbox | X | CertificationCheckbox |
| Written IRS Determination | X | WrittenIRSDetermination |
| Contrib By Controlling Individual | 0 | ContribByControllingIndividual |
| Contribution By Related Party | 0 | ContributionByRelatedParty |
| Contrib By35 Controlled Entity | 0 | ContribBy35ControlledEntity |
Supported Org Information SupportedOrgInformation
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WAKEMED | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 566017737 | EIN |
| Type Of Organization | 3 | TypeOfOrganization |
| Listed In Governing Doc | 1 | ListedInGoverningDoc |
| Supported Organization Notified | 1 | SupportedOrganizationNotified |
| Organized In US | 1 | OrganizedInUS |
| Amount | $0 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Number Of Supported Orgs | 1 | TotalNumberOfSupportedOrgs |
| Sum Of Amounts | 0 | SumOfAmounts |
Schedule D IRS990ScheduleD
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 20498292 | OtherCostOrOtherBasis |
| Book Value | 20498292 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 59711800 | OtherCostOrOtherBasis |
| Depreciation | 16737813 | Depreciation |
| Book Value | 42973987 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1225314 | OtherCostOrOtherBasis |
| Depreciation | 783214 | Depreciation |
| Book Value | 442100 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 391670 | OtherCostOrOtherBasis |
| Depreciation | 225994 | Depreciation |
| Book Value | 165676 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 64080055 | TotalOfBookValueLandBuildings |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Severance Payment | 1 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (18 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| william k atkinson ii | |||||||||||||
| 0 | 758693 | 0 | 24707 | 0 | 14122 | 0 | 126239 | 0 | 17037 | 0 | 940798 | 0 | 0 |
| michael devaughn | |||||||||||||
| 0 | 343472 | 0 | 28375 | 0 | 14543 | 0 | 12250 | 0 | 7729 | 0 | 406369 | 0 | 0 |
| deborah g friberg | |||||||||||||
| 0 | 414864 | 0 | 30107 | 0 | 15648 | 0 | 17943 | 0 | 18150 | 0 | 496712 | 0 | 0 |
| kathleen k gormley | |||||||||||||
| 0 | 409578 | 0 | 30130 | 0 | 15667 | 0 | 15925 | 0 | 14297 | 0 | 485597 | 0 | 0 |
| david c coulter | |||||||||||||
| 0 | 344764 | 0 | 7518 | 0 | 20821 | 0 | 14700 | 0 | 18981 | 0 | 406784 | 0 | 0 |
| mary a wilcox | |||||||||||||
| 0 | 268576 | 0 | 6373 | 0 | 15731 | 0 | 14700 | 0 | 18554 | 0 | 323934 | 0 | 0 |
| jeanene r martin | |||||||||||||
| 0 | 243652 | 0 | 5460 | 0 | 14089 | 0 | 18375 | 0 | 16484 | 0 | 298060 | 0 | 0 |
| evin d arledge | |||||||||||||
| 0 | 262712 | 0 | 5123 | 0 | 1352 | 0 | 15925 | 0 | 17460 | 0 | 302572 | 0 | 0 |
| thomas cavender | |||||||||||||
| 0 | 229232 | 0 | 4695 | 0 | 14962 | 0 | 15925 | 0 | 13265 | 0 | 278079 | 0 | 0 |
| carolyn knapp | |||||||||||||
| 0 | 188533 | 0 | 3943 | 0 | 13989 | 0 | 14724 | 0 | 16721 | 0 | 237910 | 0 | 0 |
| BETSY GASKINS-mcclaine | |||||||||||||
| 0 | 198067 | 0 | 3685 | 0 | 825 | 0 | 16399 | 0 | 13766 | 0 | 232742 | 0 | 0 |
| Georgia c sumiel | |||||||||||||
| 0 | 169505 | 0 | 3187 | 0 | 355 | 0 | 10502 | 0 | 12272 | 0 | 195821 | 0 | 0 |
| derrick miles | |||||||||||||
| 0 | 144945 | 0 | 0 | 0 | 50693 | 0 | 10599 | 0 | 12497 | 0 | 218734 | 0 | 0 |
| timothy e harris | |||||||||||||
| 0 | 371288 | 0 | 203877 | 0 | 443 | 0 | 15925 | 0 | 15248 | 0 | 606781 | 0 | 0 |
| mark l wood | |||||||||||||
| 0 | 293280 | 0 | 266090 | 0 | 272 | 0 | 15925 | 0 | 17803 | 0 | 593370 | 0 | 0 |
| johnathan d chappell | |||||||||||||
| 0 | 238106 | 0 | 302295 | 0 | 183 | 0 | 14700 | 0 | 8623 | 0 | 563907 | 0 | 0 |
| Gurvinder S Deol | |||||||||||||
| 0 | 291619 | 0 | 207405 | 0 | 735 | 0 | 7350 | 0 | 18604 | 0 | 525713 | 0 | 0 |
| Robert D Matthews | |||||||||||||
| 0 | 383501 | 0 | 8623 | 0 | 619 | 0 | 15925 | 0 | 16877 | 0 | 425545 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII (2 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| Part I, Line 4a: | severance paid to 1 executive - Miles $41,779 | |
| Part III | The compensation of these individuals is determined by WakeMed. WakeMed regularly uses an independent consulting firm as a source of compensation information, benchmarking and review to ensure consistent and fair compensation practices. | Supplemental Information |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (8 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Form 990, Part VI, Section A, line 7a | 8 members of the board are appointed to the board of directors by wake county. |
| Form 990, Part VI, Section A, line 7b | The wake county board of commissioners holds limited approval over some governing body decisions pertaining to articles v, vi, vii and ix in the articles of incorporation. The transfer agreement with wake county indicates approval/consent for transactions pertaining to substantial disposition of assets and covenants on liens. |
| Form 990, Part VI, Section B, line 11 | the entire 990 and associated schedules are reviewed over a period of months by the finance committee of the board of directors to acknowledge they have reviewed forms and schedules and then recommend approval to the board. A final copy is provided to the board before filing. |
| Form 990, Part VI, Section B, line 12c | the organization monitors and enforces the conflict of interest policy in various ways. each year, members of the board, committees with board delegated powers, the ceo, corporate staff, executive staff, directors, and managers are required to complete and submit a conflict of interest questionnaire. those individuals are required to provide written documentation of any potential conflicts of interest, identifying material financial interest and personal conflicts of interest. remedial measures implemented to address conflicts of interest include abstention from voting on certain issues as well as recusal from the decision-making process and participation involving the identified issue/area. the code of conduct provides guidance on gifts and travel. gifts should not be accepted and prior to any travel/lodging paid for by a third party, written approval must be obtained from an executive vice president. also, employees who own or work in a private business outside of wakemed are not allowed to recruit or promote their products and services during work hours or through wakemed printed materials. |
| The compensation of these individuals is determined by WakeMed. WakeMed regularly uses an independent consulting firm as a source of compensation information, benchmarking and review to ensure consistent and fair compensation practices. | |
| Form 990, Part VI, Section C, line 19 | the 990 is available by request and is published on guidestar. Financial statements are publically available through the medical care commission as it relates to tax exempt debt. The annual audited financial statements and transfer agreement are provided each year to wake county commissioners and become public information. Articles of incorporation are available on NC secretary of state website. |
| form 990, part xi, line 2c: | the financial statements are included in the combined audited financial statements of wakemed. |
| From 990, Page 1, Box C: Doing business as: Assumed names include Wake Professional Associates and East Square Medical Plaza. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII (2 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Exempt Code SectionExemptCodeSection | Public Charity StatusPublicCharityStatus | Direct Controlling Entity NADirectControllingEntityNA | Business Name Line1DirectControllingEntityName/BusinessNameLine1 |
|---|---|---|---|---|---|---|---|---|---|---|
| wakemed | ||||||||||
| 3000 new bern avenue | raleigh | NC | 27610 | 566017737 | hospital | NC | 501(c)(3) | 3 | N/A | |
| wakemed faculty practice plan | ||||||||||
| 3000 NEW BERN AVENUE | raleigh | NC | 27610 | 237169178 | physician practices/education | NC | 501(c)(3) | 11b | wakemed | |
Form990 Schedule R Part IV Form990ScheduleRPartIV
Name Of Related Org NameOfRelatedOrg
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | QUALITY TEXTILE SERVICES INC | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 313 SOUTH ROGERS LANE | AddressLine1 |
| City | raleigh | City |
| State | NC | State |
| ZIP Code | 27610 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 561943802 | EIN |
| Primary Activity | textile services | PrimaryActivity |
| Legal Domicile State | NC | LegalDomicileState |
| Direct Controlling Entity NA | N/A | DirectControllingEntityNA |
| Type Of Entity | C | TypeOfEntity |
| Share Of Total Income | 27812 | ShareOfTotalIncome |
| Share Of EOY Assets | 2263148 | ShareOfEOYAssets |
| Percentage Ownership | 0.50000 | PercentageOwnership |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 1 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 0 | SharingOfFacilities |
| Sharing Of Paid Employees | 0 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 1 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 1 | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (2 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved |
|---|---|
| wakemed | |
| I | 6275788 |
| wakemed | |
| R | 2257886 |