2025-11-17T05:43:49-06:00 2024-12-31 990 2024-01-01 202710571 REGENMED DEVELOPMENT ORGANIZATION REGE 3367164445 MEDICAL CENTER BOULEVARD WINSTONSALEM NC 27157 TERRY L HALES JR TREASURER 3367164445 2025-11-12 0 2024 2025-03-06 01:10:19Z ANTHONY ATALA MD MEDICAL CENTER BOULEVARD WINSTONSALEM NC 27157 4133217 0 X WWW.REMDO.ORG X 2005 NC ADVANCING REGENERATIVE MEDICINE TECHNOLOGIES 5 1 0 0 0 0 1168019 4133217 0 0 0 0 0 0 1168019 4133217 978264 704487 0 0 111664 239425 0 0 0 93310 479627 1183238 1423539 -15219 2709678 565309 7847109 600696 5172818 -35387 2674291 X SEE SCHEDULE OTHE MISSION OF THE ORGANIZATION IS TO ACCELERATE THE DISCOVERY AND DEVELOPMENT OF APPLICATIONS OF NEW THERAPIES FOR DISEASE AND TRANSLATE THOSE THERAPIES INTO TREATMENTS FOR PATIENTS THROUGH THE SCIENCE OF REGENERATIVE MEDICINE. THE ORGANIZATION FOCUSES ON OBTAINING FEDERAL AND OTHER GRANT FUNDS AND WORKING WITH OTHER ORGANIZATIONS DEVELOPING REGENERATIVE MEDICINE AND PRODUCTS TO ACCOMPLISH ITS MISSION. 0 0 1387024 704487 4133217 THE REGENMED DEVELOPMENT ORGANIZATION (REMDO) CONDUCTS RESEARCH TO DE-RISK TECHNOLOGIES AND SPEED UP THE TRANSLATION OF REGENERATIVE MEDICINE TECHNOLOGIES TO CLINICAL PRACTICE. REMDO WAS AWARDED FUNDING FOR PROJECTS AIMED AT ACCELERATING MANUFACTURING INNOVATION FOR REGENERATIVE MEDICINE PROJECTS. THE ORGANIZATION HAS ASSEMBLED A CONSORTIUM COMPRISED OF WORLD CLASS LEADERS IN REGENERATIVE MEDICINE RESEARCH AND DEVELOPMENT, BOTH COMMERICAL AND ACADEMIC, TO EXECUTE ON ADVANCED BIOMANUFACTURING INITIATIVES. THE FUND ING WAS RECEIVED FROM THE MEDICAL TECHNOLOGY CONSORTIUM, A DEPARTMENT OF DEFENSE-FUNDED NONPROFIT ENTITY FORMED TO CONDUCT RESEARCH AND PROTOTYPING TO SUPPORT THE US ARMY MEDICAL RESEARCH AND MATERIAL COMMAND. 1387024 1 1 0 0 0 0 0 0 0 0 1 0 0 0 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 1 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X ATRIUM HEALTH WAKE FOREST BAPTIST 3367164445 MEDICAL CENTER BOULEVARD WINSTONSALEM NC 27157 X ANTHONY ATALA MD CHAIR 0.50 39.50 X X 0 1701372 36743 J REID MORGAN DIRECTOR & ASST SECRETARY 0.50 39.90 X X 0 412282 57418 JULIE WATSON DIRECTORY & SECRETARY 0.50 19.50 X X 0 0 0 TERRY G WILLIAMS DIRECTOR 0.10 39.10 X 0 0 0 TERRY L HALES JR VICE CHAIR & TREASURER 0.10 39.90 X X 0 1310800 52534 0 3424454 146695 0 0 1 0 0 4133217 4133217 4133217 0 0 0 704487 704487 16404 16404 178662 178662 44359 44359 9793 6087 3706 16658 15174 1484 284296 252971 31325 MISCELLANEOUS 114496 114496 OTHER SUPPLIES 50432 50432 MEDICAL SUPPLIES 3952 3952 1423539 1387024 36515 0 506372 4526765 58937 275313 3542549 497518 0 3045031 565309 7847109 600696 5172818 600696 5172818 X -35387 2674291 -35387 2674291 565309 7847109 2709678 0 X 0 1 X 1 1 1 X 2022171 1082279 985996 1168019 4133217 9391682 2022171 1082279 985996 1168019 4133217 9391682 9391682 9391682 1.00000 1.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3542549 497518 3045031 3045031 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 WAKE FOREST UNIVERSITY HEALTH SCIENCES MEDICAL CENTER BLVD WINSTON SALEM NC 27157 223849199 501(C)(3) 704487 0 RESEARCH SUB AWARD FOR TRANSLATIONAL REGENERATIVE MEDICINE PROJECTS 1 0 PART I, LINE 2: THE ORGANIZATION FOLLOWS THE POLICY USED BY WAKE FOREST UNIVERSITY BAPTIST MEDICAL CENTER (TO WHICH ENTITY THE OPERATION OF THE SUBSIDIARIES OF TWO OF ITS THREE MEMBERS, WAKE FOREST UNIVERSITY HEALTH SCIENCES AND NORTH CAROLINA BAPTIST HOSPITAL, - INCLUDING THE FILING ORGANIZATION - HAS BEEN DELEGATED) IN REVIEWING ELIGIBILITY AND SELECTION OF GRANTEES RECEIVING CERTAIN EXEMPT PURPOSE FUNDS. THE ORGANIZATION MAINTAINS DOCUMENTATION OF THE ELIGIBILITY AND SELECTION CRITERIA AND RECORDS OF AMOUNTS DISBURSED. 0 1 0 0 0 0 0 0 0 ANTHONY ATALA MD CHAIR 0 1238093 0 264451 0 198828 0 22515 0 14228 0 1738115 0 162000 TERRY L HALES JR VICE CHAIR & TREASURER 0 576900 0 617413 0 116487 0 22781 0 29753 0 1363334 0 90046 J REID MORGAN DIRECTOR & ASST SECRETARY 0 366986 0 39600 0 5696 0 34500 0 22918 0 469700 0 0 PART I, LINE 4B CERTAIN DIRECTORS AND 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 OFFICERS RECEIVED PAYMENTS FROM NON-QUALIFIED DEFERRED COMPENSATION PLANS DURING THE CURRENT TAX YEAR: ANTHONY ATALA, M.D. 162,000 TERRY L. HALES, JR. 90,046 FORM 990, PART VI, SECTION A, LINE 7A THE RESTATED BYLAWS OF THE FILING ORGANIZATION CALL FOR A BOARD OF DIRECTORS OF NOT LESS THAN 5 NOR MORE THAN 9. ONE DIRECTOR IS DESIGNATED AS THE PRINCIPAL INVESTIGATOR AND IS SPECIFICALLY NAMED IN THE BYLAWS AS DR. ATALA, WHO SERVES UNTIL HIS RESIGNATION, DEATH OR REMOVAL. FOUR DIRECTORS ARE TO BE APPOINTED BY WAKE FOREST UNIVERSITY HEALTH SCIENCES (WFUHS), OR ITS CEO. WFUHS IS A TAX EXEMPT EDUCATIONAL ORGANIZATION EXEMPT UNDER IRC SECTION 501(C)(3). UP TO FOUR DIRECTORS (REGENMED DIRECTORS) ARE TO BE APPOINTED BY THE CORPORATION'S BOARD, SHALL BE WORKING IN THE REGENERATIVE MEDICINE FIELD, BUT SHALL NOT BE EMPLOYED BY WFUHS OR BE A BOARD MEMBER OF WFUHS OR A WFUHS AFFILIATE ORGANIZATION. AS OF THE END OF ITS FISCAL YEAR, THE BOARD CONSISTED OF THE DESIGNATED PRINCIPAL INVESTIGATOR AND THE FOUR WFUHS DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE FILING ORGANIZATION'S BOARD OF DIRECTORS RECEIVES A COPY OF THE FORM 990 WITH SUFFICIENT TIME TO PERMIT REVIEW, COMMENT, AND QUESTIONS PRIOR TO ITS FILING. IF MODIFICATIONS ARE REQUIRED FOLLOWING SUCH REVIEW AND COMMENT, 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 THE ORGANIZATION REQUIRES ITS OFFICERS AND DIRECTORS TO DISCLOSE CONFLICTS OF INTEREST ANNUALLY, AND AS THEY ARISE. ANY ITEMS DISCLOSED ARE REVIEWED AND MANAGED IN ACCORDANCE WITH THE ORGANIZATION'S POLICY ON CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE FILING ORGANIZATION DOES NOT PAY COMPENSATION TO DIRECTORS FOR THEIR EFFORT DEVOTED TO THE ORGANIZATION. CERTAIN OFFICERS AND DIRECTORS ARE EMPLOYED BY RELATED ORGANIZATIONS, WAKE FOREST UNIVERSITY HEALTH SCIENCES (WFUHS) AND WAKE FOREST UNIVERSITY (WFU), AND THE DETERMINATION OF THE COMPENSATION OF SUCH INDIVIDUALS IS CONDUCTED VIA THE PROCESS UTILIZED BY THE WFUBMC BOARD, AS FOLLOWS: THE ADVOCATE HEALTH COMPENSATION AND BENEFITS COMMITTEE ("THE COMMITTEE") OF THE ADVOCATE HEALTH, INC. BOARD OF DIRECTORS ("THE BOARD") HAS AUTHORITY AS THE BOARD DELEGATES TO IT, FOR THE REVIEW AND APPROVAL OF EXECUTIVE COMPENSATION. 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 PRACTICE 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. FORM 990, PART VI, SECTION C, LINE 19 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, AND ARE ATTACHED TO THE FORM 1023 FILED FOR THE ORGANIZATION WITH THE IRS, WHICH IS PUBLICLY AVAILABLE. THE CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC ON REQUEST. FORM 990, PART VII, SECTION A, COLUMN(B), AVERAGE HOURS PER WEEK 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 FILING ORGANIZATION. NCBH, WFUBMC, AND AHI ARE ORGANIZATIONS UNRELATED TO THE FILING ORGANIZATION. THUS, CERTAIN DIRECTORS AND OFFICERS OF THE FILING ORGANIZATION DEVOTE HOURS TO RELATED ORGANIZATIONS (WFU & WFUHS) AND UNRELATED ORGANIZATIONS (WFUBMC, NCBH, AND AHI). WAKE FOREST UNIVERSITY PO BOX 7201 WINSTON SALEM NC 27109 560532138 EDUCATION NC 501(C)(3) LINE 2 N/A 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 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 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 DEV CO MEDICAL CENTER BLVD WINSTON SALEM NC 27157 562094067 RESEARCH PARK DEVELOPMENT NC 501(C)(6) WAKE FOREST UNIVERSITY HEALTH SCIENCES 0 WAKE FOREST UNIVERSITY HEALTH SCIENCES GROUP RETURN MEDICAL CENTER BLVD WINSTON SALEM NC 27157 900222618 HEALTHCARE NC 501(C)(3) LINE 12A, I 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 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 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 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 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0