Research & Policy · WINSTONSALEM, NC · EIN 22-3849199
About
WAKE forest university health sciences ("wfuhs"), the filing organization, is an integral part of atrium health WAKE forest baptist ("ahwfb"), a preeminent academic health system of the highest quality with balanced excellence in patient care, research and education that promotes better health for ALL through collaboration and innovation. The following paragraphs are provided to explain the relationship of the filing organization with other organizations which together comprise "atrium health WAKE forest baptist", the name not of ANY one corporate entity, but used generically to describe a large group of mostly 501(c)(3) organizations performing various academic medical center activities in northwest north carolina, including patient care, medical research, technology transfer, and medical education. WAKE forest university baptist medical center ("wfubmc") is a north carolina nonprofit corporation whose three members are WAKE forest university, north carolina baptist hospital ("NCBH") and atrium health INC. (each of which is a north carolina nonprofit corporation exempt from TAX under IRC section 501(c)(3)). Pursuant to an agreement, initially entered into on JULY 1, 2010, and subsequently amended and restated multiple times including, effective october 9, 2020 and as amended february 24, 2021 to ADD atrium health, INC. As a party thereto (initially known as the "medical center integration agreement and now as the "amended and restated medical center integration agreement or the "MCIA"), wfubmc is the overall umbrella operating entity of the atrium health system's northwest north carolina component entities. NCBH and the filing organization (wfuhs) and their respective subsidiaries are operated, pursuant to delegations in the MCIA, by wfubmc as "atrium health WAKE forest baptist". The filing organization, in turn, operates the WAKE forest university school of medicine. On october 9, 2020, the charlotte mecklenburg hospital authority ("CMHA"), WAKE forest university, NCBH, wfubmc and the filing organization formed a single, integrated health care delivery system through a joint operating company, atrium health, INC. (a north carolina nonprofit corporation previously organized by CMHA and wfubmc). Through this health care system integration and pursuant to an agreement known as the "enterprise agreement," atrium health, INC. Manages and oversees the business, facilities, services, personnel, and activities of CMHA and wfubmc (collectively the "enterprise"). The enterprise encompasses 42 hospitals and more than 1,500 care locations, and it serves more than 7 million people across north carolina, south carolina, georgia and virginia. NOTE that the following narrative includes in some of its descriptions the additional operations of the enterprise through davie medical center (trading as atrium health WAKE forest baptist davie medical center), high point regional health (trading as atrium health WAKE forest baptist high point medical center), lexington medical center (trading as atrium health WAKE forest baptist lexington medical center), WRMC hospital operating corporation (trading as atrium health WAKE forest baptist wilkes medical center), and WAKE forest health network LLC, the SOLE member of each of which is wfubmc, as well as organizations related to (or unrelated but affiliated with) wfubmc, in order to provide a more complete picture of the filing organization's role in the integrated health system's comprehensive activities. Atrium health WAKE forest baptist is northwest north carolina's SOLE academic learning health system, bringing to the region the resources of one of america's TOP hospitals and innovative research centers and a premier medical school. It operates WAKE forest university school of medicine, which has a faculty of 2,376, including physicians and basic scientists with full or adjunct appointments. In addition to this faculty, the WAKE forest health network has more than 165 clinical practices throughout central and western north carolina. Atrium health WAKE forest baptist has 1,551 licensed acute care and rehabilitation BEDS across the system, which encompasses atrium health WAKE forest baptist medical center on its main winston-salem campus (885 BEDS), atrium health WAKE forest baptist high point medical center (351 BEDS), atrium health WAKE forest baptist lexington medical center (94 BEDS), atrium health WAKE forest baptist davie medical center (50 BEDS), atrium health WAKE forest baptist wilkes medical center (130 BEDS) and alleghany health (41 BEDS). Atrium health WAKE forest baptist also includes the comprehensive cancer center, which is designated as such by the national cancer institute, and brenner children's hospital. Overall, atrium health WAKE forest baptist serves a 24-county region in northwestern north carolina and southwestern virginia and also draws patients from across the nation for select services. Atrium health WAKE forest baptist is the driving force behind the establishment of innovation quarter, a growing urban-based district for research, business and education in biomedical science, information technology, clinical services and advanced materials. Located in downtown winston-salem, it is home to more than 90 companies, five leading academic institutions, 3,600 workers and 1,800 students. Groundbreaking research at WAKE forest university school of medicine also includes WAKE forest innovations, an enterprise focused on advancing health care through new medical technologies and biomedical discovery. After sharing plans to come together in may, advocate aurora health and atrium health announced in december that they had formally combined to create advocate health. In addition to delivering the BEST health outcomes and making care more accessible and affordable, advocate health is committed to bringing medical innovations to patients more quickly, addressing the ROOT causes of health inequities, advancing population health, enabling career advancement and achieving carbon neutrality by 2030. Advocate health is headquartered in charlotte, while maintaining a strong presence in the chicago and milwaukee areas, including a planned, new, milwaukee-based institute for health equity. The advocate health care, atrium health and aurora health care brands will continue to be used in their respective local communities, with WAKE forest university school of medicine serving as the academic CORE of the combined entity. Advocate health has 150,000 teammates and serves nearly 6 million patients annually as the fifth-largest nonprofit integrated health system in the nation. With revenues of more than $27 billion, the newly combined organization comprises more than 1,000 sites of care and 67 hospitals with more than 21,000 physicians and nearly 42,000 nurses. The health system delivers nearly $5 billion in annual community benefit.
In care of Controllers Office
Donations are tax-deductible
Category
Research & Policy
Employees
2,135
Volunteers
1,852
Financial Snapshot
FY ending 2022-12-31
Revenue
$1.2B
Expenses
$1.4B
Assets
$1.9B
Liabilities
$1.1B
Financial history
$1.4B$679.4M$0
16171819202122
RevenueExpenses
Latest FY2022: $1.2B · Avg: $1.0B
Foreign activity (Schedule F)
Total spent abroad$271K
Foreign employees0
Foreign offices0
Foreign partnership interestNo
Foreign trust interestNo
Region
Activity
Spent
EUROPE (INCLUDING ICELAND & GREENLAND)
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501(h) election
This 501(c)(3) has NOT elected 501(h) — lobbying is permitted but limited under the vaguer "no substantial part of activities" test.
Political & Grant Activity
Campaign Spending
—
Lobbying
$198K
Grants Given
$21.2M
WAKE FOREST UNIVERSITY HEALTH SCIENCES
Your actions
Address
Medical Center Boulevard
Winstonsalem, NC, 27157-000
Governance
Voting board members14
Independent members12
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardYes
Compensation practices
Severance paymentsYes
Equity-based compNo
Supplemental retirement planYes
Compensation committeeYes
Board approved compYes
Initial contract exceptionNo
Financial detail (Schedule D)
Board-designated %65.1%
Permanent endowment %25.2%
Endowment held by related orgYes
Fundraising activity (Schedule G)
Uses professional fundraisersYes
Net to org-$1.3M
Retained by contractors$1.3M
ChannelsMail · Phone · Email · In-person · Grant solicitation