Nonprofit · EIN 22-3849199
WAKE FOREST UNIVERSITY HEALTH SCIENCES
Tax-exempt · WINSTONSALEM, NC 27157
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,713,703,683 | $1,611,375,512 | $102,328,171 | $2,186,649,419 | $1,165,536,588 | $1,021,112,831 |
| December 31, 2023 | 990 | $1,642,738,661 | $1,535,945,189 | $106,793,472 | $2,098,996,618 | $1,115,264,668 | $983,731,950 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $403,430,126
- of which government grants
- $271,963,605
- Program service revenue
- $1,225,612,060
- Investment income
- $80,185,013
- Royalties
- $1,831,647
- Net rental income
- $1,104,108
- Net gain from sales of assets
- $27,757,708
- Net income from fundraising events
- -$355,029
- Other revenue
- $4,476,484
Expenses
- Grants and similar amounts paid
- $79,903,564
- Compensation of officers, directors and key employees
- $32,322,862
- Other salaries and wages
- $914,642,815
- Salaries, compensation and benefits (total)
- $1,159,018,292
- Professional fundraising fees
- $1,228,109
- Legal fees
- $4,219,068
- Accounting fees
- $552,216
- Occupancy
- $66,717,382
- Travel
- $9,350,332
- Depreciation
- $32,338,642
- Program services (functional)
- $1,537,780,349
- Management and general (functional)
- $71,584,891
- Fundraising (functional)
- $2,010,272
Balance sheet and other
- Total assets, start of year
- $2,098,996,618
- Total assets, end of year
- $2,186,649,419
- Total liabilities, end of year
- $1,165,536,588
- Net assets, end of year
- $1,021,112,831
- Land, buildings and equipment
- $376,122,207
- Publicly traded securities
- $750,000
- Net assets without donor restrictions
- $583,386,246
- Net assets with donor restrictions
- $437,726,585
- Gross unrelated business income
- -$54,464
- Gross receipts
- $1,720,625,672
- Employees
- 2,107
- Volunteers
- 521
- Year formed
- 2001
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JULIE ANN FREISCHLAG MD | DIRECTOR, CEO AHWFB Trustee or director, Officer | 15.7 | $7,594,629 | $0 | $40,091 |
| BRADLEY A CLARK | EVP, TREASURER Officer | 1 | $2,513,703 | $0 | $288,012 |
| TERRY G WILLIAMS | FORMER OFFICER Former | 0 | $2,204,442 | $0 | $245,226 |
| EDWARD H KINCAID MD | ACADEMIC FACULTY PHYSICIAN - CHAIR Highest-paid employee | 40 | $1,751,465 | $0 | $45,811 |
| L EBONY BOULWARE MD | DEAN, WFU SCHOOL OF MEDICINE Officer | 35 | $1,717,096 | $0 | $35,593 |
| ANTHONY ATALA MD | ACADEMIC FACULTY PHYSICIAN - CHAIR Highest-paid employee | 40 | $1,701,372 | $0 | $36,743 |
| KENNETH LENNON MD | CLIN ADJ FACULTY Highest-paid employee | 40 | $0 | $1,656,037 | $43,961 |
| RUBEN MESA | SRVP & ED COMP CANCER, PRES ENTERPRISE CANCER SERV Highest-paid employee | 40 | $1,601,249 | $0 | $43,544 |
| SUSAN R WENTE PHD | DIRECTOR, PRESIDET WFU Trustee or director, Officer | 3 | $0 | $1,229,582 | $363,435 |
| DAVID ZHAO MD | ACADEMIC FACULTY PHYSICIAN - SECTION CHIEF Highest-paid employee | 40 | $1,549,522 | $0 | $37,649 |
| TERRY L HALES JR | ASSISTANT TREASURER Officer | 35.2 | $1,310,800 | $0 | $52,534 |
| DAVID ZAAS MD | PRESIDENT HEALTH SYSTEM Officer | 20 | $1,314,010 | $0 | $40,169 |
| KEVIN P HIGH MD | FORMER OFFICER Former | 0 | $1,277,196 | $0 | $45,150 |
| LISA M MARSHALL | VP, CHIEF PHIL OFF Officer | 10 | $0 | $974,433 | $31,375 |
| BRIAN A WHITE | CORPORATE SECRETARY Officer | 2 | $0 | $680,964 | $56,036 |
20 more people on this return
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| STEPHAN L LILLIE | SVP & CFO Officer | 9.7 | $0 | $666,639 | $62,046 |
| J REID MORGAN | FORMER OFFICER Former | 0 | $0 | $412,282 | $57,418 |
| DONALD E FLOW | VICE CHAIR Trustee or director, Officer | 3 | $0 | $0 | $0 |
| A DALE JENKINS | CHAIR Trustee or director, Officer | 2 | $0 | $0 | $0 |
| BRENDA CLINE | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| FREDERICK W EUBANK II | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| MARYBETH TORBET HAYS | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| MATTHEW A KING | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| MIT B SHAH | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| DONNA A BOSWELL PHD | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| MATTHEW CRAWFORD | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| CURTIS C FARMER | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| JAMES M O'CONNELL | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| CATHY WALL THOMAS MD | DIRECTOR (TO 6/30/24) Trustee or director | 2 | $0 | $0 | $0 |
| SHANNAN SPENCE TOWNSEND | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| JOHN M VANN | DIRECTOR Trustee or director | 4 | $0 | $0 | $0 |
| DAVID I WAHRHAFTIG | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| SHELMER D BLACKBURN | DIRECTOR (FR 7/1/24) Trustee or director | 2 | $0 | $0 | $0 |
| JEANNE WHITMAN BOBBITT | DIRECTOR (FR 7/1/24) Trustee or director | 2 | $0 | $0 | $0 |
| PATRICIA L TURNER MD | DIRECTOR (FR 7/1/24) Trustee or director | 2 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 38 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JULIE ANN FREISCHLAG MD | DIRECTOR, CEO AHWFB Trustee or director, Officer | 15.7 | $5,194,069 | $0 | $50,088 |
| KEVIN P HIGH MD | PRES, HEALTH SYSTEM (TO 7/1/23) Officer | 5.8 | $2,269,909 | $0 | $52,075 |
| TERRY G WILLIAMS | FORMER OFFICER (7/31/22) Former | 0 | $1,681,163 | $0 | $281,221 |
| KENNETH LENNON MD | CLIN ADJ FACULTY Highest-paid employee | 40 | $0 | $1,851,726 | $50,779 |
| SUSAN R WENTE PHD | DIRECTOR, PRES WFU Trustee or director, Officer | 3 | $0 | $1,473,696 | $325,680 |
| EDWARD H KINCAID MD | DEPT. CHAIR Highest-paid employee | 40 | $1,601,841 | $0 | $52,489 |
| BRADLEY A CLARK | EVP, TREASURER Officer | 1 | $1,431,976 | $0 | $145,795 |
| ANTHONY ATALA MD | DEPT. CHAIR Highest-paid employee | 40 | $1,465,039 | $0 | $54,475 |
| CHARLES BRANCH | DEPT. CHAIR Highest-paid employee | 40 | $1,336,526 | $0 | $48,499 |
| CRAIG GREVEN | DEPT. CHAIR Highest-paid employee | 40 | $1,206,838 | $0 | $46,486 |
| E EBONY BOULWARE MD | DEAN, WFU SOM Officer | 35 | $923,292 | $0 | $32,149 |
| TERRY L HALES JR | ASST TREASURER Officer | 35.2 | $867,249 | $0 | $56,067 |
| J REID MORGAN | GEN COUNSEL & SEC (TO 7/1/23) Officer | 8 | $0 | $690,571 | $108,874 |
| LISA M MARSHALL | VP, CH PHIL OF Officer | 10.5 | $0 | $635,041 | $36,014 |
| STEPHAN L LILLIE | SVP & CFO Officer | 9.7 | $0 | $572,269 | $33,957 |
| WILLIAM D SHOWALTER | FORMER OFFICER (5/13/22) Former | 0 | $0 | $520,841 | $29,498 |
| DAVID W ZAAS MD | PRES, HEALTH SYSTEM (FR 9/1/23) Officer | 20 | $530,164 | $0 | $6,594 |
| ANITA CONRAD | ASST SECRETARY (TO 10/31/23) Officer | 12 | $0 | $218,902 | $42,998 |
| A DALE JENKINS | CHAIR Trustee or director, Officer | 2 | $0 | $0 | $0 |
| BRENDA CLINE | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| BRIAN A WHITE | SECRETARY (FR 7/1/23) Trustee or director, Officer | 2 | $0 | $0 | $0 |
| CATHY WALL THOMAS MD | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| CURTIS C FARMER | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| DAVID I WAHRHAFTIG | DIRECTOR (FR 7/1/23) Trustee or director | 2 | $0 | $0 | $0 |
| DONALD E FLOW | VICE CHAIR Trustee or director, Officer | 3 | $0 | $0 | $0 |
| DONNA A BOSWELL PHD | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| ERIC C WISEMAN | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| ERIC EUBANK | DIRECTOR (FR 7/1/23) Trustee or director | 2 | $0 | $0 | $0 |
| GERALD F ROACH | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| JAMES HELVEY III | DIRECTOR (TO 6/30/23) Trustee or director | 2 | $0 | $0 | $0 |
| JAMES M O'CONNELL | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| JOHN M VANN | DIRECTOR Trustee or director | 4 | $0 | $0 | $0 |
| MARYBETH TORBET HAYS | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| MATTHEW A KING | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| MATTHEW CRAWFORD | DIRECTOR (FR 7/1/23) Trustee or director | 2 | $0 | $0 | $0 |
| MIT B SHAH | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| PETE CARLSON | DIRECTOR (TO 6/30/23) Trustee or director | 2 | $0 | $0 | $0 |
| SHANNAN SPENCE TOWNSEND | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- MEDICAL CENTER BOULEVARD, WINSTONSALEM, NC 27157-0001
- In care of
- % CONTROLLERS OFFICE
- Principal officer (990 for 2024)
- JULIE ANN FREISCHLAG MD, MEDICAL CENTER BOULEVARD, WINSTONSALEM, NC 27157
- Signed the 990
- TERRY L HALES JR, ASSISTANT TREASURER
- Phone
- (336) 716-4445
- Website
- WWW.WAKEHEALTH.EDU
Mission
SEE SCHEDULE O FOR CONTINUATIONWAKE FOREST UNIVERSITY HEALTH SCIENCES (AT TIMES ALSO REFERRED TO AS "WAKE FOREST UNIVERSITY SCHOOL OF MEDICINE", "WFUHS OR "THE FILING ORGANIZATION") IS AN INTEGRAL PART OF ATRIUM HEALTH WAKE FOREST BAPTIST (AT TIMES ALSO REFERRED TO AS "AHWFB"), A PREEMINENT LEARNING HEALTH SYSTEM AND ACADEMIC MEDICAL CENTER OF THE HIGHEST QUALITY WITH BALANCED EXCELLENCE IN PATIENT CARE, RESEARCH AND EDUCATION THAT PROMOTES BETTER HEALTH FOR ALL THROUGH COLLABORATION, EXCELLENCE AND INNOVATION. AHWFB'S MISSION IS TO IMPROVE HEALTH, ELEVATE HOPE AND ADVANCE HEALING - FOR ALL AND ITS VISION IS TO BE THE FIRST AND BEST CHOICE FOR CARE.
Program accomplishments
- MEDICAL RESEARCH, GENERAL/OTHER: RESEARCH COMPRISED OF BASIC SCIENCE CLINICAL RESEARCH AND POPULATION BASED STUDIES AND IS CENTERED ON THE ACQUISITION AND ADVANCEMENT OF SCIENTIFIC KNOWLEDGE AND NEW TECHNOLOGY AND THEIR TRANSFER TO INDUSTRY AND THE PATIENT IN ORDER TO PREVENT AND TREAT DISEASE AND PROMOTE HEALTH (1,309 GRANTS).Expenses $153,023,281 · grants $21,829,513 · revenue $431,817
- PATIENT CARE AND MEDICAL EXPENSES IN PROVIDING SERVICES TO OVER 1,621,000 PATIENT ENCOUNTERS DURING THE TAX YEAR.Expenses $967,098,255 · grants $112,979 · revenue $1,154,948,700
- PROFESSIONAL EDUCATION: INSTRUCTION OF 2,100 MEDICAL, GRADUATE, PHYSICIAN ASSISTANT, CRNA, AND BIOMEDICAL ENGINEERING STUDENTS. SCHOLARSHIPS AND AID PROVIDED TO 775 STUDENTS.Expenses $417,658,813 · grants $57,961,072 · revenue $70,663,360
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 22-3849199
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Group exemption
- Exempt since
- 2002
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B50)
- Group exemption
- 3884 (22 member organizations)
- Assets (IRS master file)
- $2,186,649,419
- Income (IRS master file)
- $1,720,625,672
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,713,703,683 | $1,611,375,512 | $2,186,649,419 | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $1,642,738,661 | $1,535,945,189 | $2,098,996,618 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $1,216,917,552 | $1,358,890,515 | $1,941,039,363 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | $629,827,374 | $633,532,610 | $4,063,609,787 | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 22-3849199).
Questions about WAKE FOREST UNIVERSITY HEALTH SCIENCES
- What is the EIN of WAKE FOREST UNIVERSITY HEALTH SCIENCES?
- The employer identification number (EIN) of WAKE FOREST UNIVERSITY HEALTH SCIENCES is 22-3849199.
- Is WAKE FOREST UNIVERSITY HEALTH SCIENCES tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
- Are donations to WAKE FOREST UNIVERSITY HEALTH SCIENCES tax-deductible?
- Yes. It is listed in IRS Publication 78 (Group exemption).
- Which annual return does WAKE FOREST UNIVERSITY HEALTH SCIENCES file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of WAKE FOREST UNIVERSITY HEALTH SCIENCES due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WAKE FOREST UNIVERSITY HEALTH SCIENCES last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of WAKE FOREST UNIVERSITY HEALTH SCIENCES?
- The 990 for the year ended December 31, 2024 names JULIE ANN FREISCHLAG MD.
- Who are the officers and directors of WAKE FOREST UNIVERSITY HEALTH SCIENCES?
- The 990 for the year ended December 31, 2024 lists 35 people; 11 received compensation from the organization, the highest $7,594,629 (JULIE ANN FREISCHLAG MD, DIRECTOR, CEO AHWFB).
- How much revenue does WAKE FOREST UNIVERSITY HEALTH SCIENCES have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,713,703,683, expenses of $1,611,375,512 and total assets of $2,186,649,419 at year end.
Organizations in its group exemption (22)
- WAKE FOREST UNIVERSITY HEALTH SCIENCES GROUP RETURN EIN 90-0222618 · WINSTONSALEM, NC · last filed 990 for 2024
Other nonprofits in WINSTONSALEM
- WAKE FOREST UNIVERSITY EIN 56-0532138 · last filed 990 for 2025
- WAKE FOREST UNIVERSITY HEALTH SCIENCES GROUP RETURN EIN 90-0222618 · last filed 990 for 2024
- NCCCAEA INC EIN 31-1736618 · last filed 990 for 2025
- TE DEUM FOUNDATION INC EIN 58-2677075 · last filed 990-EZ for 2022
- EMPOWER TECH SCHOLARSHIP FUND EIN 88-3758303 · last filed 990-PF for 2025
- NORTH CAROLINA BAPTIST HOSPITAL EIN 56-0552787 · last filed 990 for 2024
- WAKE FOREST UNIVERSITY BAPTIST MEDICAL CENTER EIN 51-0190238 · last filed 990 for 2024
- WAKE FOREST EMERGENCY PROVIDERS EIN 56-1903275 · last filed 990 for 2024