North Carolina Baptist Hospital
- Assets
- $2.4b
- Revenue
- $3.0b
- Investments
- $22.2m
- Employees
- 0
- Location
- Winstonsalem, NC
- Founding
- 12/2003
- Data as of
- 12/2023
- EIN
- 56-0552787
Organization Overview
North Carolina Baptist Hospital, operating under the name Atrium Health Wake Forest Baptist Me, is located in Winstonsalem, NC. The organization was established in 2003. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Atrium Health Wake Forest Baptist ME is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Atrium Health Wake Forest Baptist ME generated $3.0b in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $2.9b during the year ending 12/2023. While expenses have increased by 9.1% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Atrium Health Wake Forest Baptist ME has awarded 275 individual grants totaling $11,205,164. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
0
Describe the Organization's Program Activity:
SEE SCHEDULE O FOR COMPLETE DESCRIPTION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Ann Freischlag MD CEO Of Ahwfb | Officer | 15.7 | $5,194,069 |
Kevin P High MD Pres, Health System (to 8/31/23) | Officer | 8.8 | $2,269,909 |
Terry G Williams Former Officer | 0 | $1,681,163 | |
Bradley A Clark Evp, Treasurer | Officer | 2.2 | $1,431,976 |
Cathleen Wheatley Dnp Pres Wfbmc, SVP Cno | 40 | $0 | |
J Mclain Wallace Jr Svp, Gen Counsel & Sec | Officer | 12.8 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aya Health Care Heathcare Staffing Services | 12/30/23 | $86,857,356 |
Trimedx Holdings Llc Clinical Engineering Services | 12/30/23 | $10,361,978 |
Sodexo Magic Llc Facilities Management Services | 12/30/23 | $9,567,910 |
Epic Systems It Consulting Services | 12/30/23 | $10,074,024 |
Health Carousel Llc Staffing Services | 12/30/23 | $8,977,632 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,121,031 |
| Government grants | $566,816 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,022,849 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,710,696 |
| Total Program Service Revenue | $2,960,779,480 |
| Investment income | $21,207,118 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,531,231 |
| Net Gain/Loss on Asset Sales | -$13,743,657 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,974,309,173 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,391,450 |
| Grants and other assistance to domestic individuals. | $4,019,514 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $24,560,692 |
| Compensation of current officers, directors, key employees. | $12,280,346 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $748,035,682 |
| Pension plan accruals and contributions | $39,223,745 |
| Other employee benefits | $125,698,908 |
| Payroll taxes | $49,582,542 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $101,088 |
| Fees for services: Accounting | $5,177 |
| Fees for services: Lobbying | $207,887 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,518,317 |
| Fees for services: Other | $131,179,034 |
| Advertising and promotion | $7,011,553 |
| Office expenses | $15,285,001 |
| Information technology | $75,980,403 |
| Royalties | $0 |
| Occupancy | $506,055,518 |
| Travel | $1,357,471 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $337,408 |
| Interest | $16,946,839 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $78,070,843 |
| Insurance | $12,653,076 |
| All other expenses | $15,094,469 |
| Total functional expenses | $2,929,347,846 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,988,786 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $4,066,344 |
| Accounts receivable, net | $378,611,318 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $48,282,598 |
| Prepaid expenses and deferred charges | $28,992,445 |
| Net Land, buildings, and equipment | $624,214,539 |
| Investments—publicly traded securities | $898,856,747 |
| Investments—other securities | $22,184,644 |
| Investments—program-related | $360,643,832 |
| Intangible assets | $0 |
| Other assets | $30,654,399 |
| Total assets | $2,399,495,652 |
| Accounts payable and accrued expenses | $309,897,186 |
| Grants payable | $0 |
| Deferred revenue | $6,356,349 |
| Tax-exempt bond liabilities | $455,709,178 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $12,979,074 |
| Other liabilities | $119,367,763 |
| Total liabilities | $904,309,550 |
| Net assets without donor restrictions | $1,485,354,546 |
| Net assets with donor restrictions | $9,831,556 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,399,495,652 |
Grants Awarded
Over the last fiscal year, North Carolina Baptist Hospital has awarded $1,331,143 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN HEART ASSOCIATION PURPOSE: SUPPORTING CARDIOVASCULAR RESEARCH AND PROGRAMS | $50,000 |
CANCER SERVICES INC PURPOSE: SUPPORTING PROGRAMS TO EDUCATE/ENHANCE LIFE FOR CANCER PATIENTS | $7,000 |
CROSBY SCHOLARS COMMUNITY PARTNERSHIP PURPOSE: SUPPORTING PROGRAM TO ASSIST FORSYTH COUNTY PUBLIC SCHOOL STUDENTS IN PREPARING FOR COLLEGE | $55,000 |
DON'T EVER GIVE UP INC PURPOSE: SUPPORTING PROGRAM TO END CANCER BY SUPPORTING CUTTING-EDGE RESEARCH | $25,000 |
FORSYTH BACKPACK PROGRAM PURPOSE: SUPPORTING PROGRAM TO FEED CHRONICALLY HUNGRY CHILDREN IN WINSTON-SALEM FORSYTH COUNTY NC SCHOOLS | $27,000 |
GREATER WINSTON-SALEM CHAMBER OF COMMERCE FOUNDATION INC PURPOSE: SUPPORTING MINORITY BUSINESS ENTERPRISE | $20,000 |