2011-08-12T09:31:24-05:00 2010-09-30 LarsonAllen LLP 101 N Tryon Street Suite 1000 Charlotte NC 28246 990 2009-10-01 561133894 WAKEMED PROPERTY SERVICES WAKE 9193508000 3000 NEW BERN AVEnue RALEIGH NC 27610 Michael D DeVaughn 9193508000 2011-08-11 1 7049985200 2009 2016-02-24 21:20:13Z see schedule O william k atkinson II p 3000 NEW BERN AVEnue RALEIGH NC 27610 8335454 0 X WWW.WAKEMED.ORG X 1984 NC 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. 14 14 0 0 0 0 0 8256368 7874518 66489 60179 14155 80561 8337012 8015258 0 0 496842 449727 0 0 8619897 10567269 9116739 11016996 -779727 -3001738 67978423 67806603 259285 831321 67719138 66975282 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. 0 0 10999372 7900271 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. 10999372 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 14 14 0 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 0 0 1 1 X Michael D DeVaughn cfo wakemed he 9193508000 3000 New Bern Avenue Raleigh NC 27610 X billie j redmond 5.00 X 0 0 0 larry d barbour 5.00 X 0 0 0 thomas b oxholm 5.00 X 0 0 0 Richard F Baker 4.00 X 0 0 0 jerry bernstein md 4.00 X 0 0 0 dana d copeland md 3.50 X 0 0 0 ron e doggett 6.00 X 0 0 0 brenda c gibson 4.00 X 0 0 0 david w jessen 3.00 X 0 0 0 william h mcbride 5.00 X 0 0 0 m jackson nichols 4.00 X 0 0 0 lorraine m wright phd 4.50 X 0 0 0 Lloyd M Yates 2.00 X 0 0 0 Robert A Cerwin 2.00 X 0 0 0 paul coble 3.00 X 0 0 0 jack o clayton 4.00 X 0 0 0 william p pinna 2.00 X 0 0 0 william k atkinson ii 40.00 X 0 797522 143276 michael devaughn 40.00 X 0 386390 19979 deborah g friberg 40.00 X 0 460619 36093 kathleen k gormley 40.00 X 0 455375 30222 david c coulter 40.00 X 0 373103 33681 mary a wilcox 40.00 X 0 290680 33254 jeanene r martin 40.00 X 0 263201 34859 evin d arledge 40.00 X 0 269187 33385 thomas cavender 40.00 X 0 248889 29190 carolyn knapp 40.00 X 0 206465 31445 BETSY GASKINS-mcclaine 40.00 X 0 202577 30165 Georgia c sumiel 40.00 X 0 173047 22774 derrick miles 40.00 X 0 195638 23096 timothy e harris 40.00 X 0 575608 31173 mark l wood 40.00 X 0 559642 33728 johnathan d chappell 40.00 X 0 540584 23323 Gurvinder S Deol 40.00 X 0 499759 25954 Robert D Matthews 40.00 X 0 392743 32802 0 6891029 648399 0 0 1 0 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 15 Related Rental Income 531120 7874518 7874518 7874518 60179 60179 375004 320196 54808 54808 54808 gain in subsidiary 900003 25753 25753 25753 8015258 7900271 0 114987 449727 449727 23043 23043 15984 3815 12169 136618 136618 64393 59428 4965 5447752 5447752 2802 2802 3170833 3170833 191258 191258 janitorial and cleaning 819782 819782 repairs and maintenance 628448 628448 minor equipment 4125 4125 dues and licenses 3775 3775 Continuing education 490 490 57966 57966 11016996 10999372 17624 0 -294723 -309122 140399 145571 1236255 1149329 441126 416918 81827076 17747021 64172004 64080055 2235338 2261091 48024 62761 67978423 67806603 252187 799645 7098 31676 259285 831321 X 67719138 66975282 67719138 66975282 67978423 67806603 X 0 1 1 X 0 X X X X 0 0 0 WAKEMED 566017737 3 1 1 1 0 1 0 20498292 20498292 59711800 16737813 42973987 1225314 783214 442100 391670 225994 165676 64080055 1 0 0 0 0 0 0 0 0 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 Part I, Line 4a: severance paid to 1 executive - Miles $41,779 Supplemental Information 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. 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. 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 QUALITY TEXTILE SERVICES INC 313 SOUTH ROGERS LANE raleigh NC 27610 561943802 textile services NC N/A C 27812 2263148 0.50000 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 1 wakemed I 6275788 wakemed R 2257886