WAKE FOREST UNIVERSITY HEALTH SCIENCES Charity Report

Public IRS 990 nonprofit record

WAKE FOREST UNIVERSITY HEALTH SCIENCES

EIN 22-3849199 · Graduate & Professional Schools (B50)

What they do

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. AHWFBS 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.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $95.40 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders35 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

89.73%of revenue went to mission work95.4% of expenses · Program services

0.12%of revenue went to fundraising0.1% of expenses

$94.03spent for every $100 of revenueRevenue covered expenses this year.

4.18%of revenue went to management and office costs4.4% of expenses

$1.36in assets for every $1 spent this yearSome assets cannot be spent right away.

23.5%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $7,634,720 for JULIE ANN FREISCHLAG MD (DIRECTOR, CEO AHWFB). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$1,713,703,683

Mission workProgram services$1,537,780,34989.73% of revenue95.4% of expenses

ManagementOffice and general costs$71,584,8914.18% of revenue4.4% of expenses

FundraisingAsking for donations$2,010,2720.12% of revenue0.1% of expenses

Revenue left after expensesReported annual surplus$102,328,1715.97% of revenueShown in gray on the chart

Total expenses$1,611,375,51294.03% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 95.4% mission · 4.4% management · 0.1% fundraisingTotal expenses: 94.03% of revenue

2023Expense mix: 94.2% mission · 5.7% management · 0.1% fundraisingTotal expenses: 93.50% of revenue

2022Expense mix: 95.4% mission · 4.4% management · 0.1% fundraisingTotal expenses: 111.67% of revenue

2021Expense mix: 94.5% mission · 5.5% management · 0.0% fundraisingTotal expenses: 100.59% of revenue

2020Expense mix: 95.0% mission · 4.9% management · 0.0% fundraisingTotal expenses: 88.68% of revenue

2019Expense mix: 97.8% mission · 2.1% management · 0.1% fundraisingTotal expenses: 103.35% of revenue

2018Expense mix: 97.0% mission · 2.6% management · 0.4% fundraisingTotal expenses: 102.66% of revenue

2017Expense mix: 96.4% mission · 3.2% management · 0.4% fundraisingTotal expenses: 101.62% of revenue

Money in and money out

Revenue$1,713,703,683

Expenses$1,611,375,512

Annual surplus $102,328,171 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$1,537,780,349 · 95.4% of expenses

Management and office costs$71,584,891 · 4.4% of expenses

Fundraising$2,010,272 · 0.1% of expenses

See all reported dollar amounts

Revenue$1,713,703,683

Expenses$1,611,375,512

Assets$2,186,649,419

Income$1,720,625,672

Contributions$403,430,126

Mission work (program services)$1,537,780,349

Fundraising$2,010,272

Grants given$11,698,820

Average grant$114,694

Management and general$71,584,891

Stocks and bonds$750,000

Accounting fees$552,216

Investing fees$8,528,918

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

JULIE ANN FREISCHLAG MDDIRECTOR, CEO AHWFB · 16 hrs/week $7,634,720Base $7,594,629 · Other $40,091

BRADLEY A CLARKEVP, TREASURER · 1 hrs/week $2,801,715Base $2,513,703 · Other $288,012

TERRY G WILLIAMSFORMER OFFICER $2,449,668Base $2,204,442 · Other $245,226

EDWARD H KINCAID MDACADEMIC FACULTY PHYSICIAN - CHAIR · 40 hrs/week $1,797,276Base $1,751,465 · Other $45,811

L EBONY BOULWARE MDDEAN, WFU SCHOOL OF MEDICINE · 35 hrs/week $1,752,689Base $1,717,096 · Other $35,593

ANTHONY ATALA MDACADEMIC FACULTY PHYSICIAN - CHAIR · 40 hrs/week $1,738,115Base $1,701,372 · Other $36,743

RUBEN MESASRVP & ED COMP CANCER, PRES ENTERPRISE CANCER SERV · 40 hrs/week $1,644,793Base $1,601,249 · Other $43,544

DAVID ZHAO MDACADEMIC FACULTY PHYSICIAN - SECTION CHIEF · 40 hrs/week $1,587,171Base $1,549,522 · Other $37,649

TERRY L HALES JRASSISTANT TREASURER · 35 hrs/week $1,363,334Base $1,310,800 · Other $52,534

DAVID ZAAS MDPRESIDENT HEALTH SYSTEM · 20 hrs/week $1,354,179Base $1,314,010 · Other $40,169

KEVIN P HIGH MDFORMER OFFICER $1,322,346Base $1,277,196 · Other $45,150

SUSAN R WENTE PHDDIRECTOR, PRESIDET WFU · 3 hrs/week $363,435Base · Other $363,435

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (35)

JULIE ANN FREISCHLAG MDDIRECTOR, CEO AHWFB

BRADLEY A CLARKEVP, TREASURER

TERRY G WILLIAMSFORMER OFFICER

EDWARD H KINCAID MDACADEMIC FACULTY PHYSICIAN - CHAIR

L EBONY BOULWARE MDDEAN, WFU SCHOOL OF MEDICINE

ANTHONY ATALA MDACADEMIC FACULTY PHYSICIAN - CHAIR

RUBEN MESASRVP & ED COMP CANCER, PRES ENTERPRISE CANCER SERV

DAVID ZHAO MDACADEMIC FACULTY PHYSICIAN - SECTION CHIEF

TERRY L HALES JRASSISTANT TREASURER

DAVID ZAAS MDPRESIDENT HEALTH SYSTEM

KEVIN P HIGH MDFORMER OFFICER

SUSAN R WENTE PHDDIRECTOR, PRESIDET WFU

STEPHAN L LILLIESVP & CFO

J REID MORGANFORMER OFFICER

BRIAN A WHITECORPORATE SECRETARY

KENNETH LENNON MDCLIN ADJ FACULTY

LISA M MARSHALLVP, CHIEF PHIL OFF

A DALE JENKINSCHAIR

BRENDA CLINEDIRECTOR

SHELMER D BLACKBURNDIRECTOR (FR 7/1/24)

SHANNAN SPENCE TOWNSENDDIRECTOR

PATRICIA L TURNER MDDIRECTOR (FR 7/1/24)

MIT B SHAHDIRECTOR

MATTHEW A KINGDIRECTOR

MATTHEW CRAWFORDDIRECTOR

MARYBETH TORBET HAYSDIRECTOR

CATHY WALL THOMAS MDDIRECTOR (TO 6/30/24)

CURTIS C FARMERDIRECTOR

JOHN M VANNDIRECTOR

JEANNE WHITMAN BOBBITTDIRECTOR (FR 7/1/24)

JAMES M OCONNELLDIRECTOR

FREDERICK W EUBANK IIDIRECTOR

DAVID I WAHRHAFTIGDIRECTOR

DONNA A BOSWELL PHDDIRECTOR

DONALD E FLOWVICE CHAIR

About this charity

Recognized since: January 2002
Location: MEDICAL CENTER BOULEVARD, WINSTONSALEM, NC 27157
County: Forsyth
In care of: TERRY L HALES JR
Primary officer: TERRY L HALES JR, ASSISTANT TREASURER

How to reach them

WebsiteVisit the charity’s website Phone(336) 716-4445

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
NTEE classification: Graduate & Professional Schools (B50)
IRS tax category: Graduate & Professional Schools
Grant-giving organization: Yes