Nonprofit · EIN 56-2038193
WAKE FOREST UNIVERSITY FOUNDATION
Tax-exempt · WINSTON SALEM, NC 27109
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $67,247 | $408,795 | -$341,548 | $6,135,776 | $7,386 | $6,128,390 |
| June 30, 2024 | 990 | $156,092 | $284,826 | -$128,734 | $5,869,353 | $73,859 | $5,795,494 |
| June 30, 2023 | 990 | $165,184 | $259,187 | -$94,003 | $7,526,237 | $2,479,913 | $5,046,324 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $67,247
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Depreciation
- $10,080
- Program services (functional)
- $372,443
- Management and general (functional)
- $36,352
Balance sheet and other
- Total assets, start of year
- $5,869,353
- Total assets, end of year
- $6,135,776
- Total liabilities, end of year
- $7,386
- Net assets, end of year
- $6,128,390
- Land, buildings and equipment
- $5,061,246
- Net assets without donor restrictions
- $6,128,390
- Gross unrelated business income
- $71,404
- Gross receipts
- $67,247
- Employees
- 0
- Volunteers
- 10
- Year formed
- 1996
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Susan R Wente PhD | President Officer | 0.2 | $0 | $1,519,832 | $363,435 |
| Jacqueline A Travisano EdD | VP & Treasurer Officer | 0.2 | $0 | $852,445 | $243,600 |
| Brian A White | Secretary Officer | 0.2 | $0 | $692,791 | $47,813 |
| Mit B Shah | Chair Trustee or director | 0.2 | $0 | $0 | $0 |
| Lynn C Baranski | Trustee Trustee or director | 0.2 | $0 | $0 | $0 |
| Frederick W Eubank II | Trustee Trustee or director | 0.2 | $0 | $0 | $0 |
| Peter C Brockway | Vice Chair Trustee or director | 0.2 | $0 | $0 | $0 |
| Frank B Holding Jr | Trustee Trustee or director | 0.2 | $0 | $0 | $0 |
| Marybeth Torbet Hays | Trustee Trustee or director | 0.2 | $0 | $0 | $0 |
| Aubrey L Martin | Trustee Trustee or director | 0.2 | $0 | $0 | $0 |
| James M O'Connell | Trustee Trustee or director | 0.2 | $0 | $0 | $0 |
| Michael C Smith | Trustee Trustee or director | 0.2 | $0 | $0 | $0 |
| Cantey C Ergen | Trustee Trustee or director | 0.2 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 17 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Susan R Wente PhD | President Officer | 0.2 | $0 | $1,473,696 | $325,680 |
| J Reid Morgan | Secretary Officer | 0.2 | $0 | $690,571 | $108,874 |
| Jacqueline A Travisano EdD | VP & Treasurer Officer | 0.2 | $0 | $664,838 | $129,267 |
| Anita M Conrad | Assistant Secretary through 10/31/23 Officer | 0.4 | $0 | $218,902 | $42,998 |
| Mit B Shah | Chair Trustee or director | 0.2 | $0 | $0 | $0 |
| Robert J McCreary | Vice Chair Trustee or director | 0.2 | $0 | $0 | $0 |
| Lynn C Baranski | Trustee Trustee or director | 0.2 | $0 | $0 | $0 |
| Frederick W Eubank II | Trustee Trustee or director | 0.2 | $0 | $0 | $0 |
| Peter C Brockway | Trustee Trustee or director | 0.2 | $0 | $0 | $0 |
| Frank B Holding | Trustee Trustee or director | 0.2 | $0 | $0 | $0 |
| Marybeth Torbet Hays | Trustee Trustee or director | 0.2 | $0 | $0 | $0 |
| Aubrey L Martin | Trustee Trustee or director | 0.2 | $0 | $0 | $0 |
| John M McAvoy | Trustee Trustee or director | 0.2 | $0 | $0 | $0 |
| James M O'Connell | Trustee Trustee or director | 0.2 | $0 | $0 | $0 |
| Ogden Phipps II | Trustee Trustee or director | 0.2 | $0 | $0 | $0 |
| Michael C Smith | Trustee Trustee or director | 0.2 | $0 | $0 | $0 |
| David I Wahrhaftig | Trustee Trustee or director | 0 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 16 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Susan R Wente PhD | President Officer | 0.2 | $0 | $1,398,169 | $314,071 |
| B Hofler Milam | VP & Treasurer Officer | 0.2 | $0 | $734,338 | $261,754 |
| J Reid Morgan | Secretary Officer | 0.2 | $0 | $647,740 | $142,213 |
| Anita M Conrad | Asst. Secretary Officer | 0.4 | $0 | $201,322 | $43,395 |
| Mit B Shah | Chair Trustee or director | 0.2 | $0 | $0 | $0 |
| Robert J McCreary | Vice Chair Trustee or director | 0.2 | $0 | $0 | $0 |
| Diana Adams | Trustee Trustee or director | 0.2 | $0 | $0 | $0 |
| Cantey M Ergen | Trustee Trustee or director | 0.2 | $0 | $0 | $0 |
| Peter C Brockway | Trustee Trustee or director | 0.2 | $0 | $0 | $0 |
| Frank B Holding | Trustee Trustee or director | 0.2 | $0 | $0 | $0 |
| Marybeth Torbet Hays | Trustee Trustee or director | 0.2 | $0 | $0 | $0 |
| Aubrey L Martin | Trustee Trustee or director | 0.2 | $0 | $0 | $0 |
| John M McAvoy | Trustee Trustee or director | 0.2 | $0 | $0 | $0 |
| James M O'Connell | Trustee Trustee or director | 0.2 | $0 | $0 | $0 |
| Ogden Phipps II | Trustee Trustee or director | 0.2 | $0 | $0 | $0 |
| Michael C Smith | Trustee Trustee or director | 0.2 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1834 WAKE FOREST RD UNIT 7201, WINSTON SALEM, NC 27109-6049
- Principal officer (990 for 2024)
- Susan R Wente PhD, 1834 WAKE FOREST ROAD BOX 7201, WINSTONSALEM, NC 27109
- Signed the 990
- Jacqueline A Travisano EdD, CFO/EVP/TREASURER
- Phone
- (336) 758-5233
Mission
The organization operates as a supporting organization exclusively for the benefit of Wake Forest University ("WFU"). Its objectives include: (1) serving as a holding and management company for long-term properties and endowments; (2) managing planned-giving properties and programs; (3) assisting in WFU development; (4) obtaining, acquiring, receiving, constructing, erecting or otherwise providing real and personal property; improving properties to which the organization holds title; and holding, retaining, leasing, licensing, renting, managing, investing, reinvesting, selling, or otherwise disposing of or assigning the income from and/or rights in or to real and personal property; and (5) establishing subsidiary organizations or entities.
Program accomplishments
- The organization holds, leases, manages, and invests income from, through its disregarded subsidiary entities, certain real properties on behalf of its parent organization, Wake Forest University.Expenses $372,443 · revenue $67,247
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 56-2038193
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1998
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B00I)
- Assets (IRS master file)
- $6,135,776
- Income (IRS master file)
- $67,247
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $67,247 | $408,795 | $6,135,776 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $156,092 | $284,826 | $5,869,353 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $165,184 | $259,187 | $7,526,237 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $32,660 | $201,138 | $7,089,565 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | 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 56-2038193).
Questions about WAKE FOREST UNIVERSITY FOUNDATION
- What is the EIN of WAKE FOREST UNIVERSITY FOUNDATION?
- The employer identification number (EIN) of WAKE FOREST UNIVERSITY FOUNDATION is 56-2038193.
- Is WAKE FOREST UNIVERSITY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
- Are donations to WAKE FOREST UNIVERSITY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does WAKE FOREST UNIVERSITY FOUNDATION 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 FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WAKE FOREST UNIVERSITY FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of WAKE FOREST UNIVERSITY FOUNDATION?
- The 990 for the year ended June 30, 2025 names Susan R Wente PhD.
- Who are the officers and directors of WAKE FOREST UNIVERSITY FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 13 people; 0 received compensation from the organization.
- How much revenue does WAKE FOREST UNIVERSITY FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $67,247, expenses of $408,795 and total assets of $6,135,776 at year end.
Other nonprofits in WINSTON SALEM
- SALEM ACADEMY & COLLEGE EIN 56-0530005 · last filed 990 for 2025
- SUMMIT SCHOOL INC EIN 56-0547519 · last filed 990 for 2025
- CAROLINA UNIVERSITY EIN 56-0594591 · last filed 990 for 2025
- WINSTON-SALEM STATE UNIVERSITY FOUNDATION INCORPORATED EIN 56-0989620 · last filed 990 for 2025
- QUALITY EDUCATION ACADEMY EIN 56-2017872 · last filed 990 for 2025
- SMART START OF FORSYTH COUNTY EIN 56-1899564 · last filed 990 for 2025
- UNIVERSITY OF NORTH CAROLINA SCHOOL OF THE ARTS FOUNDATION INC EIN 56-6064850 · last filed 990 for 2025
- WINSTON-SALEM ACADEMY INC EIN 56-2108610 · last filed 990 for 2025
All nonprofits in WINSTON SALEM · North Carolina · Education