2025-11-17T05:43:49-06:00 2024-12-31 990 2024-01-01 900222618 WAKE FOREST UNIVERSITY HEALTH SCIENCES GROUP RETURN WAKE 3367164445 MEDICAL CENTER BOULEVARD WINSTONSALEM NC 27157 TERRY L HALES JR ASSISTANT TREASURER 3367164445 2025-11-12 0 2024 2025-03-06 01:10:19Z JULIE A FREISCHLAG MD MEDICAL CENTER BOULEVARD WINSTONSALEM NC 27157 106748590 1 1 3884 X WWW.WAKEHEALTH.EDU X 2003 NC OUTPATIENT MEDICAL CLINICS FOR THE PROMOTION OF HEALTH FOR THE BENEFIT OF THE COMMUNITY. 5 1 0 5 0 0 0 0 103242222 106592249 0 156341 0 0 103242222 106748590 1094139 1366879 0 0 0 0 0 0 0 85968110 86818768 87062249 88185647 16179973 18562943 327748648 345543931 7735494 6967834 320013154 338576097 OUTPATIENT MEDICAL CLINICS FOR THE PROMOTION OF HEALTH FOR THE BENEFIT OF THE COMMUNITY AND AS A SUPPORTING ORGANIZATION EXCLUSIVELY FOR THE BENEFIT OF WAKE FOREST UNIVERSITY AND WAKE FOREST UNIVERSITY HEALTH SCIENCES. 0 0 79092817 1366879 106592249 HEMODIALYSIS: THE CLINICS SERVE THE TEACHING AND RESEARCH PROGRAMS OF WAKE FOREST UNIVERSITY HEALTH SCIENCES AND WAKE FOREST UNIVERSITY BY PROVIDING DIALYSIS TREATMENTS TO END STAGE RENAL DISEASE PATIENTS (1,753 IN-CENTER AND 290 HOME DIALYSIS PATIENTS), OR BY TRAINING PATIENTS IN SELF-ADMINISTRATION OF AT-HOME DIALYSIS TREATMENTS. 79092817 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 123 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 1 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 X HEALTH SYSTEMS MANAGEMENT INC 2293865505 PO BOX 7710 TIFTON GA 317937710 X JULIE ANN FREISCHLAG MD CHAIR & PRESIDENT 0.50 39.50 X X 0 7594629 40091 KEVIN P HIGH MD DIRECTOR 1.00 39.00 X X 0 1277196 45150 TERRY G WILLIAMS DIRECTOR 5.00 35.00 X 2204442 0 248612 TERRY L HALES JR DIRECTOR & ASST TREASURER 0.50 39.50 X X 0 1310800 52534 DAVID ZAAS MD DIRECTOR 5.00 35.00 X 0 1314010 40169 STEPHAN L LILLIE TREASURER 5.00 35.00 X 666639 0 62046 RUSSELL M HOWERTON MD FORMER DIRECTOR 0.00 40.00 X 0 1017069 46446 BRADLEY A CLARK FORMER OFFICER 0.00 40.00 X 2513703 0 419389 J REID MORGAN FORMER OFFICER (6/30/23) 0.00 0.00 X 0 412282 57418 5384784 12925986 1011855 0 1 1 1 HSM DIALYSIS CENTERS LLC PO BOX 7710 TIFTON GA 31793 MANAGEMENT SERVICES 8239516 NEPHROLOGY ASSOCIATES 730 HIGHLAND OAKS DRIVE SUITE 101 WINSTONSALEM NC 27103 MEDICAL DIRECTOR 647530 HIGH POINT NEPHROLOGY ASSOCIATES 404 WESTWOOD AVE 105 HIGH POINT NC 27262 MEDICAL DIRECTOR 165434 IREDELL NEPHROLOGY 2117 SIMONTON ROAD 102 STATESVILLE NC 28625 MEDICAL DIRECTOR 137391 RENAL WISE 1730 E NORTHERN AVENUE SUITE 124 PHOENIX AZ 85020 CONSULTING SERVICES 100200 5 PATIENT SERVICE REVENUE 621300 106592249 106592249 106592249 156341 156341 106748590 106592249 0 156341 X 1366879 1366879 8311719 8311719 93428 60818 32610 44900275 44743055 157220 606708 552642 54066 707422 644383 63039 4578335 4170353 407982 124791 113671 11120 502463 475298 27165 MEDICAL SUPPLIES 20731037 20731037 BAD DEBT 5949402 5949402 OTHER SUPPLIES 313188 285279 27909 88185647 79092817 9092830 0 7389281 7219034 12853486 11956897 2361767 2617356 15045 21577 305129069 323729067 327748648 345543931 7735494 6967834 7735494 6967834 X 320013154 338576097 320013154 338576097 327748648 345543931 18562943 0 X 0 1 X 1 0 X X 2 WAKE FOREST UNIVERSITY 560532138 2 1 0 0 WAKE FOREST UNIVERSITY HEALTH SCIENCES 223849199 2 1 0 0 2 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 PART IV, LINE 6 EXPLANATION THE ORGANIZATION PROVIDED SUPPORT TO THE AMERICAN KIDNEY FUND, A 501(C)(3) ORGANIZATION. THE AMERICAN KIDNEY FUND PROVIDES FINANCIAL ASSISTANCE FOR QUALIFIED KIDNEY PATIENTS AND DIRECTLY BENEFITS INDIVIDUALS BENEFITTED BY THE ORGANIZATION'S SUPPORTED ORGANIZATION, WAKE FOREST UNIVERSITY HEALTH SCIENCES. 0 WFUHS CAPITAL CONTRIBUTION 323729067 323729067 0 X PART X, LINE 2: THE ORGANIZATION HAS EVALUATED UNCERTAIN TAX POSITIONS FOR ITS CALENDAR YEARS ENDED DECEMBER 31, 2024 AND 2023, INCLUDING A QUANTIFICATION OF TAX RISK IN AREAS SUCH AS UNRELATED BUSINESS TAXABLE INCOME AND THE TAXATION OF ITS JOINT VENTURES. THIS EVALUATION DID NOT HAVE A MATERIAL EFFECT ON THE ORGANIZATION'S FINANCIAL STATEMENTS FOR CALENDAR YEARS ENDED DECEMBER 31, 2024 AND 2023. 1 AMERICAN KIDNEY FUND 11921 ROCKVILLE PIKE ROCKVILLE MD 20852 237124261 501(C)(3) 0 1366879 FINANCIAL ASSISTANCE PROGRAM FOR QUALIFIED KIDNEY PATIENTS 1 0 PART I, LINE 2: ALL ORGANIZATIONS REPRESENTED IN THIS GROUP EXEMPTION RETURN FOLLOW THE CORPORATE POLICY USED BY WAKE FOREST UNIVERSITY BAPTIST MEDICAL CENTER (TO WHICH ENTITY THE OPERATION OF THE SUBSIDIARIES OF WAKE FOREST UNIVERSITY HEALTH SCIENCES (WFUHS) AND NORTH CAROLINA BAPTIST HOSPITAL (NCBH) (INCLUDING THE FILING ORGANIZATION) HAS BEEN DELEGATED) IN REVIEWING ELIGIBILITY AND SELECTION OF GRANTEES RECEIVING CERTAIN EXEMPT PURPOSE FUNDS. THE ORGANIZATIONS MAINTAIN DOCUMENTATION OF THE ELIGIBILITY AND SELECTION CRITERIA AND RECORDS OF AMOUNTS DISBURSED. 0 1 0 0 0 0 0 0 0 JULIE ANN FREISCHLAG MD CHAIR & PRESIDENT 0 2476070 0 4358126 0 760433 0 19092 0 20999 0 7634720 0 688380 BRADLEY A CLARK FORMER OFFICER 1697429 0 713004 0 103270 0 390217 0 29172 0 2933092 0 80691 0 TERRY G WILLIAMS DIRECTOR 952718 0 1207345 0 44379 0 215292 0 33320 0 2453054 0 0 0 TERRY L HALES JR DIRECTOR & ASST TREASURER 0 576900 0 617413 0 116487 0 22781 0 29753 0 1363334 0 90046 DAVID ZAAS MD DIRECTOR 0 966108 0 322398 0 25504 0 24505 0 15664 0 1354179 0 0 KEVIN P HIGH MD DIRECTOR 0 340084 0 862143 0 74969 0 21840 0 23310 0 1322346 0 46500 RUSSELL M HOWERTON MD FORMER DIRECTOR 0 582329 0 272084 0 162656 0 20674 0 25772 0 1063515 0 128688 STEPHAN L LILLIE TREASURER 409266 0 256504 0 869 0 25707 0 36339 0 728685 0 0 0 J REID MORGAN FORMER OFFICER (6/30/23) 0 366986 0 39600 0 5696 0 34500 0 22918 0 469700 0 0 PART I, LINE 4B CERTAIN DIRECTORS AND/OR OFFICERS OF THE FILING ORGANIZATION PARTICIPATED IN AND/OR RECEIVED PAYMENTS FROM A NON-QUALIFIED DEFERRED COMPENSATION PLAN (RESTORATION OR SERP). THE DETERMINATION OF THE PAYMENT AMOUNT FROM THE NON-QUALIFIED DEFERRED COMPENSATION PLANS FOLLOWED THE EMPLOYMENT ORGANIZATION'S COMPENSATION PROCEDURES. THE FOLLOWING DIRECTORS AND/OR OFFICERS RECEIVED PAYMENTS FROM NON-QUALIFIED DEFERRED COMPENSATION PLANS DURING THE CURRENT TAX YEAR: JULIE A. FREISCHLAG, M.D. 688,380 KEVIN P. HIGH, M.D. 46,500 RUSSELL M. HOWERTON, M.D. 128,688 TERRY L. HALES, JR. 90,046 BRADLEY A. CLARK 362,617 TERRY G. WILLIAMS 189,417 FORM 990, PART VII, LINE 5 - COMPENSATION FROM UNRELATED ORGANIZATIONS STEPHAN LILLIE WAS COMPENSATED BY WAKE FOREST UNIVERSITY BAPTIST MEDICAL CENTER, AN AFFILIATED BUT UNRELATED ORGANIZATION, FOR SERVICES RENDERED TO THE ORGANIZATION. SEE PART VII AND SCHEDULE J, PART II FOR COMPENSATION. BRADLEY A. CLARK AND TERRY G. WILLIAMS WERE COMPENSATED BY THE CHARLOTTE-MECKLENBURG HOSPITAL AUTHORITY (CMHA, DOING BUSINESS AS ATRIUM HEALTH), AN AFFILIATED BUT UNRELATED ORGANIZATION, FOR SERVICES RENDERED TO THE ORGANIZATION. SEE PART VII AND SCHEDULE J FOR COMPENSATION. FORM 990, PART VI, SECTION A, LINE 2 BRADLEY CLARK, OFFICER OF THE FILING ORGANIZATION, AND TERRY WILLIAMS, DIRECTOR OF THE FILING ORGANIZATION, HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 6 THE SOLE MEMBER OF ALL ORGANIZATIONS INCLUDED IN THIS GROUP RETURN IS WAKE FOREST UNIVERSITY HEALTH SCIENCES. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE BOARD OF DIRECTORS OF THE ORGANIZATIONS INCLUDED IN THIS GROUP RETURN ARE APPOINTED BY THE GOVERNING BODY OF WAKE FOREST UNIVERSITY HEALTH SCIENCES OR BY A MEMBER OF THE GOVERNING BODY OR BY AN OFFICER OF WAKE FOREST UNIVERSITY HEALTH SCIENCES ACTING IN THEIR OFFICIAL CAPACITY, IN ACCORDANCE WITH PROCEDURES PRESCRIBED BY THE BOARD OF DIRECTORS OF WAKE FOREST UNIVERSITY HEALTH SCIENCES. FORM 990, PART VI, SECTION A, LINE 7B DECISIONS OF THE ORGANIZATION'S GOVERNING BODY WHICH REQUIRE APPROVAL BY THE PARENT ORGANIZATION, WAKE FOREST UNIVERSITY HEALTH SCIENCES, INCLUDE AMENDMENTS TO THE ORGANIZATION'S GOVERNANCE DOCUMENTS (ARTICLES OF INCORPORATION AND BYLAWS), AND THE ELECTION AND REMOVAL OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE BOARDS OF DIRECTORS OF ALL ORGANIZATIONS REPRESENTED IN THIS GROUP RETURN RECEIVE A COPY OF THE FORM 990 WITH SUFFICIENT TIME TO PERMIT REVIEW, COMMENTS, AND QUESTIONS PRIOR TO ITS FILING. IF MODIFICATIONS ARE REQUIRED FOLLOWING SUCH REVIEW, THE REVISED FORM 990 IS REDISTRIBUTED PRIOR TO ITS FILING WITH THE IRS, ALONG WITH A REPORT NOTING THE MODIFICATIONS. FORM 990, PART VI, SECTION B, LINE 12C ALL ORGANIZATIONS INCLUDED IN THIS GROUP RETURN REQUIRE OFFICERS AND DIRECTORS TO DISCLOSE CONFLICTS OF INTEREST ANNUALLY, AND AS THEY ARISE. ANY ITEMS DISCLOSED ARE REVIEWED AND MANAGED IN ACCORDANCE WITH THE ORGANIZATIONS' POLICY ON CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 NO ORGANIZATIONS INCLUDED IN THIS GROUP RETURN PAY COMPENSATION TO DIRECTORS FOR THEIR EFFORT DEVOTED TO SUCH ORGANIZATIONS. CERTAIN OFFICERS AND DIRECTORS ARE EMPLOYED BY RELATED ORGANIZATIONS, WAKE FOREST UNIVERSITY HEALTH SCIENCES (WFUHS) AND WAKE FOREST UNIVERSITY (WFU), OR BY UNRELATED BUT AFFILIATED ORGANIZATIONS, WAKE FOREST UNIVERSITY BAPTIST MEDICAL CENTER (WFUBMC) AND THE CHARLOTTE-MECKLENBURG HOSPITAL AUTHORITY (CMHA). THE DETERMINATION OF THE COMPENSATION OF SUCH INDIVIDUALS IS CONDUCTED VIA THE PROCESS UTILIZED BY THE WFUBMC BOARD, AS FOLLOWS: # OF OFFICERS PAID BY WFU IS SUBJECT TO CHANGE PENDING FINAL COMP FILE. THE ADVOCATE HEALTH COMPENSATION AND BENEFITS COMMITTEE ("THE COMMITTEE") OF THE ADVOCATE HEALTH, INC. BOARD OF DIRECTORS ("THE BOARD") HAS AUTHORITY AS THE WFUBMC BOARD DELEGATES TO IT, FOR THE REVIEW AND APPROVAL OF EXECUTIVE COMPENSATION. NO MEMBER OF THE COMMITTEE IS AN EMPLOYEE OF WFUBMC OR THE FILING ORGANIZATION. THE COMMITTEE RELIES UPON AN EXTERNAL, INDEPENDENT COMPENSATION CONSULTANT RETAINED DIRECTLY BY THE COMMITTEE TO PROVIDE THIRD-PARTY COMPENSATION COMPARABILITY DATA FOR EVALUATING THE COMPETITIVENESS AND REASONABLENESS OF EXECUTIVE COMPENSATION AND BENEFITS PROGRAMS RELATIVE TO MARKET PRACTICES FOR SIMILARLY SITUATED HEALTHCARE ORGANIZATIONS. IN EVALUATING COMPENSATION, THE COMMITTEE FOLLOWS CORPORATE GOVERNANCE BEST PRACTICES SUCH AS ADHERENCE TO THE COMPANY'S EXECUTIVE COMPENSATION PHILOSOPHY AND REVIEW PROCESSES; PROCESSES TO ENSURE COMMITTEE MEMBER AND COMPENSATION CONSULTANT INDEPENDENCE; DATA FROM HEALTHCARE ORGANIZATIONS OF COMPARABLE SIZE, STRUCTURE, AND COMPLEXITY; AND ESTABLISHMENT OF THE REBUTTABLE PRESUMPTION OF REASONABLENESS, PER IRS GUIDELINES. MINUTES OF THE DELIBERATIONS OF THE COMMITTEE ARE MAINTAINED IN THE ADVOCATE HEALTH, INC. LEGAL DEPARTMENT. ONE OF THE FILING ORGANIZATION'S OFFICERS, DIRECTORS, OR FORMER OFFICERS IS COMPENSATED BY RELATED ORGANIZATION, WAKE FOREST UNIVERSITY (WFU), AND THEIR COMPENSATION IS REVIEWED AND APPROVED IN ACCORDANCE WITH WFU'S SIMILAR PROCEDURES. FORM 990, PART VI, SECTION C, LINE 19 THE ARTICLES OF INCORPORATION OF EACH OF THE SEPARATE DIALYSIS CENTER ORGANIZATIONS INCLUDED IN THIS GROUP EXEMPTION RETURN ARE AVAILABLE TO THE PUBLIC ON REQUEST AND ARE AVAILABLE ON THE WEBSITE OF THE NORTH CAROLINA SECRETARY OF STATE. SUCH ORGANIZATIONS' BYLAWS ARE NOT PUBLISHED, BUT PROVISIONS FROM THEIR BYLAWS ARE INCLUDED AS NECESSARY IN SUCH ORGANIZATIONS' POLICIES, AND ARE ATTACHED TO THE FORMS 1023 FILED FOR THE ORGANIZATION WITH THE IRS, WHICH IS PUBLICLY AVAILABLE. THE CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS OF SUCH ORGANIZATIONS ARE AVAILABLE TO THE PUBLIC ON REQUEST. PART VII, SECTION A, COLUMN B, HOURS A MEDICAL CENTER INTEGRATION AGREEMENT (MCIA) WAS ORIGINALLY ENTERED INTO IN 2010 AMONG FOUR PARTIES: WAKE FOREST UNIVERSITY (WFU), WAKE FOREST UNIVERSITY HEALTH SCIENCES (WFUHS), WAKE FOREST UNIVERSITY BAPTIST MEDICAL CENTER (WFUBMC) AND NORTH CAROLINA BAPTIST HOSPITAL (NCBH). PURSUANT TO THE TERMS OF THE ORIGINAL MCIA, THE OPERATION OF WFUHS AND NCBH, AND ALL OF THE RESPECTIVE SUBSIDIARIES OF EACH, IS DELEGATED TO WFUBMC. ADDITIONALLY, THE CORPORATE OFFICERS OF WFUBMC GENERALLY SERVE AS THE CORPORATE OFFICERS OF WFUHS AND NCBH. THE MCIA WAS REVISED AND RESTATED IN 2020 TO DELEGATE OVERSIGHT AND MANAGEMENT AUTHORITY OVER WFUBMC TO ATRIUM HEALTH, INC. (AHI). CERTAIN DIRECTORS AND/OR CORPORATE OFFICERS OF WFUHS, NCBH, & WFUBMC ALSO SERVE AS DIRECTORS OR CORPORATE OFFICERS OF AHI. WFU AND WFUHS ARE ORGANIZATIONS RELATED TO THE SEPARATE DIALYSIS CENTER ORGANIZATIONS INCLUDED IN THIS GROUP RETURN. NCBH, WFUBMC, AND AHI ARE ORGANIZATIONS UNRELATED TO THE ORGANIZATIONS INCLUDED IN THIS GROUP RETURN. THUS, CERTAIN DIRECTORS AND OFFICERS OF THE ORGANIZATIONS INCLUDED IN THIS GROUP RETURN DEVOTE HOURS TO RELATED ORGANIZATIONS (WFU & WFUHS) AND UNRELATED ORGANIZATIONS (WFUBMC, NCBH, AND AHI). FORM 990, PART IX, LINE 11G CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 41,175,329. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 41,175,329. PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 3,567,726. MANAGEMENT AND GENERAL EXPENSES 157,220. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,724,946. WAKE FOREST EMERGENCY PROVIDERS MEDICAL CENTER BLVD WINSTON SALEM NC 27157 561903275 HEALTHCARE NC 501(C)(3) LINE 3 WAKE FOREST UNIVERSITY HEALTH SCIENCES 0 WAKE FOREST UNIVERSITY HEALTH SCIENCES MEDICAL CENTER BLVD WINSTON SALEM NC 27157 223849199 HEALTHCARE, EDUCATION, RESEARCH NC 501(C)(3) LINE 2 WAKE FOREST UNIVERSITY 0 WAKE FOREST UNIVERSITY BOX 7201 WINSTON SALEM NC 27109 560532138 EDUCATION NC 501(C)(3) LINE 2 N/A 0 INNOVATION QUARTER MEDICAL CENTER BLVD WINSTON SALEM NC 27157 061818498 RESEARCH PARK DEVELOPMENT NC 501(C)(3) LINE 12A, I WAKE FOREST UNIVERSITY HEALTH SCIENCES 0 WAKE FOREST INNOVATION QUARTER CDC MEDICAL CENTER BLVD WINSTON SALEM NC 27157 200177581 RESEARCH PARK DEVELOPMENT NC 501(C)(3) LINE 12A, I WAKE FOREST UNIVERSITY HEALTH SCIENCES 0 WAKE FOREST INNOVATION QUARTER DEVELOPMENT CO MEDICAL CENTER BLVD WINSTON SALEM NC 27157 562094067 RESEARCH PARK DEVELOPMENT NC 501(C)(6) WAKE FOREST UNIVERSITY HEALTH SCIENCES 0 CHILDRESS INSTITUTE FOR PEDIATRIC TRAUMA MEDICAL CENTER BLVD WINSTON SALEM NC 27157 463674691 HEALTHCARE RESEARCH NC 501(C)(3) LINE 7 WAKE FOREST UNIVERSITY HEALTH SCIENCES 0 REGENMED DEVELOPMENT ORGANIZATION MEDICAL CENTER BLVD WINSTON SALEM NC 27157 202710571 HEALTHCARE RESEARCH NC 501(C)(3) LINE 7 WAKE FOREST UNIVERSITY HEALTH SCIENCES 0 VERGER FUND II LLC 751 W FOURTH STREET SUITE 410 WINSTON SALEM NC 27101 352514227 INVESTMENT NC N/A 0 0 WAKE FOREST TECHNOLOGY DEVELOPMENT PROGRAM LP 2520 MERIDIAN PARKWAY DURHAM NC 27713 475437596 INVESTMENT NC N/A 0 0 WAKE FOREST AMBULATORY VENTURES LLC (TO 83124) MEDICAL CENTER BOULEVARD WINSTON SALEM NC 27157 820777206 HEALTHCARE NC N/A 0 0 NORTH DISTRICT OWNERS ASSOCIATION MEDICAL CENTER BLVD WINSTON SALEM NC 27157 471128865 PROPERTY OWNERS ASSOCIATION NC N/A C 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 1