Nonprofit · EIN 56-2038194
WAKE FOREST UNIVERSITY DEVELOPMENT FOUNDATION
Tax-exempt · WINSTON SALEM, NC 27109
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $318,956 | $9,412 | $309,544 | $386,877 | $104,252 | $282,625 |
| June 30, 2024 | 990 | -$13,634 | $124,523 | -$138,157 | $77,144 | $104,063 | -$26,919 |
| June 30, 2023 | 990 | $0 | $8,442 | -$8,442 | $215,711 | $104,473 | $111,238 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $318,956
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $9,412
Balance sheet and other
- Total assets, start of year
- $77,144
- Total assets, end of year
- $386,877
- Total liabilities, end of year
- $104,252
- Net assets, end of year
- $282,625
- Net assets without donor restrictions
- -$30,448
- Net assets with donor restrictions
- $313,073
- Gross receipts
- $318,956
- 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 | 0.3 | $0 | $1,519,832 | $363,435 |
| Jacqueline A Travisano EdD | Vice President Officer | 0.3 | $0 | $852,445 | $243,600 |
| Brian A White | Secretary Officer | 0.3 | $0 | $693,061 | $47,813 |
| Mit B Shah | Chair Trustee or director | 0.3 | $0 | $0 | $0 |
| Lynn C Baranski | Trustee Trustee or director | 0.3 | $0 | $0 | $0 |
| Frederick W Eubank II | Trustee Trustee or director | 0.3 | $0 | $0 | $0 |
| Peter C Brockway | Vice Chair Trustee or director | 0.3 | $0 | $0 | $0 |
| Frank B Holding Jr | Trustee Trustee or director | 0.3 | $0 | $0 | $0 |
| Marybeth Torbet Hays | Trustee Trustee or director | 0.3 | $0 | $0 | $0 |
| Aubrey L Martin | Trustee Trustee or director | 0.3 | $0 | $0 | $0 |
| James M O'Connell | Trustee Trustee or director | 0.3 | $0 | $0 | $0 |
| Michael C Smith | Trustee Trustee or director | 0.3 | $0 | $0 | $0 |
| Cantey C Ergen | Trustee Trustee or director | 0.3 | $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 | 0.3 | $0 | $1,473,696 | $325,680 |
| J Reid Morgan | Secretary Officer | 0.3 | $0 | $690,571 | $108,874 |
| Jacqueline A Travisano EdD | Vice President Officer | 0.3 | $0 | $664,837 | $129,267 |
| Anita M Conrad | Assistant Secretary-retired 10/31/23) Officer | 0.3 | $0 | $218,902 | $42,998 |
| Mit B Shah | Chair Trustee or director | 0.3 | $0 | $0 | $0 |
| Robert J McCreary | Vice Chair Trustee or director | 0.3 | $0 | $0 | $0 |
| Lynn C Baranski | Trustee Trustee or director | 0.3 | $0 | $0 | $0 |
| Frederick W Eubank II | Trustee Trustee or director | 0.3 | $0 | $0 | $0 |
| Peter C Brockway | Trustee Trustee or director | 0.3 | $0 | $0 | $0 |
| Frank B Holding Jr | Trustee Trustee or director | 0.3 | $0 | $0 | $0 |
| Mary Torbet Hays | Trustee Trustee or director | 0.3 | $0 | $0 | $0 |
| Aubrey L Martin | Trustee Trustee or director | 0.3 | $0 | $0 | $0 |
| John M McAvoy | Trustee Trustee or director | 0.3 | $0 | $0 | $0 |
| James M O'Connell | Trustee Trustee or director | 0.3 | $0 | $0 | $0 |
| Ogden Phipps II | Trustee Trustee or director | 0.3 | $0 | $0 | $0 |
| Michael C Smith | Trustee Trustee or director | 0.3 | $0 | $0 | $0 |
| David I Wahrhaftig | Trustee Trustee or director | 0.3 | $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 | 0.3 | $0 | $1,398,169 | $314,071 |
| B Hofler Milam | Vice President & Treasurer Officer | 0.3 | $0 | $734,338 | $261,754 |
| J Reid Morgan | Secretary Officer | 0.3 | $0 | $647,740 | $142,213 |
| Anita M Conrad | Assistant Secretary Officer | 0.5 | $0 | $201,322 | $43,395 |
| Mit B Shah | Chair Trustee or director | 0.3 | $0 | $0 | $0 |
| Robert J McCreary | Vice Chair Trustee or director | 0.3 | $0 | $0 | $0 |
| Diana Adams | Trustee Trustee or director | 0.3 | $0 | $0 | $0 |
| Cantey M Ergen | Trustee Trustee or director | 0.3 | $0 | $0 | $0 |
| Peter C Brockway | Trustee Trustee or director | 0.3 | $0 | $0 | $0 |
| Frank B Holding Jr | Trustee Trustee or director | 0.3 | $0 | $0 | $0 |
| Mary Torbet Hays | Trustee Trustee or director | 0.3 | $0 | $0 | $0 |
| Aubrey L Martin | Trustee Trustee or director | 0.3 | $0 | $0 | $0 |
| John M McAvoy | Trustee Trustee or director | 0.3 | $0 | $0 | $0 |
| James M O'Connell | Trustee Trustee or director | 0.3 | $0 | $0 | $0 |
| Ogden Phipps II | Trustee Trustee or director | 0.3 | $0 | $0 | $0 |
| Michael C Smith | Trustee Trustee or director | 0.3 | $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"), Wake Forest University Health Sciences ("WFUHS"), and Reynolda House, Inc. ("RH"), each of which supported organizations are 501 (c)(3) organizations. The organization's purposes include: (1) serving as the recipient of properties contributed to the supported organizations to be held temporarily; (2) managing short-term contributed properties; (3) determining whether and when prospective contributions of real or personal property should be accepted, retained, liquidated or transferred; (4) obtaining, acquiring, receiving, constructing, erecting or improving properties to which the organization holds title; holding, retaining, leasing, managing, selling, 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 serves as a conduit for holding and disposing of donated real and personal property and supports Wake Forest University and its affiliates with proceeds from sales or dispositions of such properties as designated to the various programs and entities.Expenses $9,412 · revenue $318,956
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
- 56-2038194
- 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)
- $386,877
- Income (IRS master file)
- $318,956
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $318,956 | $9,412 | $386,877 | IRS |
| 990 | June 2024 | -$13,634 | $124,523 | $77,144 | IRS |
| 990 | June 2023 | $0 | $8,442 | $215,711 | XML |
| 990 | June 2022 | -$337,944 | $177,688 | $223,333 | IRS |
| 990 | 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 56-2038194).
Questions about WAKE FOREST UNIVERSITY DEVELOPMENT FOUNDATION
- What is the EIN of WAKE FOREST UNIVERSITY DEVELOPMENT FOUNDATION?
- The employer identification number (EIN) of WAKE FOREST UNIVERSITY DEVELOPMENT FOUNDATION is 56-2038194.
- Is WAKE FOREST UNIVERSITY DEVELOPMENT FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
- Are donations to WAKE FOREST UNIVERSITY DEVELOPMENT FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does WAKE FOREST UNIVERSITY DEVELOPMENT 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 DEVELOPMENT 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 DEVELOPMENT 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 DEVELOPMENT 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 DEVELOPMENT 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 DEVELOPMENT FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $318,956, expenses of $9,412 and total assets of $386,877 at year end.
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