North Carolina Baptist Hospital
- Assets
- $2.5b
- Revenue
- $1.2b
- Investments
- $84.8m
- Employees
- 0
- Location
- Winstonsalem, NC
- Founding
- 12/2003
- Data as of
- 12/2021
- 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 12/2021, Atrium Health Wake Forest Baptist ME generated $1.2b in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $1.2b during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Atrium Health Wake Forest Baptist ME has awarded 268 individual grants totaling $10,024,143. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE HEALTH, ELEVATE HOPE AND ADVANCE HEALING FOR ALL.
Describe the Organization's Program Activity:
SEE SCHEDULE O FOR COMPLETE DESCRIPTION
SEE SCHEDULE O
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie A Freischlag MD Ceo, Dean | Officer | 15.7 | $3,375,350 |
Kevin P High MD Pres, Health System | Officer | 8.8 | $1,442,392 |
Bradley A Clark Evp, Treasurer | Officer | 2.2 | $973,825 |
Terry G Williams Evp, Ch Strat Off | Officer | 2.5 | $862,336 |
Carol Geer MD Physician, Dir Residency Pgrm | 40 | $477,324 | |
John D Mcconnell MD Former Off (4-26-17) | 0 | $456,795 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aon Risk Services South Inc Consulting Services | 12/30/21 | $4,384,329 |
Frank L Blum Construction Company Construction Contracting Services | 12/30/21 | $9,471,959 |
Aya Health Care Heathcare Staffing Services | 12/30/21 | $16,800,709 |
Trimedx Holdings Llc Clinical Engineering Services | 12/30/21 | $4,045,095 |
Cross Country Staffing Heathcare Staffing Services | 12/30/21 | $3,218,590 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $272,618 |
| Government grants | $17,414,949 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,681,237 |
| Noncash contributions included in lines 1a–1f | $7,196 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,368,804 |
| Total Program Service Revenue | $1,167,712,939 |
| Investment income | $11,109,785 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,246,091 |
| Net Gain/Loss on Asset Sales | $7,243,545 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,207,994,903 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $592,792 |
| Grants and other assistance to domestic individuals. | $1,755,361 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $11,978,070 |
| Compensation of current officers, directors, key employees. | $5,989,035 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $372,153,442 |
| Pension plan accruals and contributions | $17,384,834 |
| Other employee benefits | $44,983,650 |
| Payroll taxes | $23,326,218 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $222,154 |
| Fees for services: Accounting | $130,079 |
| Fees for services: Lobbying | $226,535 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,178,554 |
| Fees for services: Other | $174,205,810 |
| Advertising and promotion | $3,464,816 |
| Office expenses | $6,517,551 |
| Information technology | $34,927,854 |
| Royalties | $0 |
| Occupancy | $31,050,035 |
| Travel | $305,201 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $60,528 |
| Interest | $6,441,754 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $39,563,801 |
| Insurance | $8,952,539 |
| All other expenses | $8,483,762 |
| Total functional expenses | $1,219,581,755 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,339,706 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,479,564 |
| Accounts receivable, net | $450,216,667 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $46,104,932 |
| Prepaid expenses and deferred charges | $44,991,855 |
| Net Land, buildings, and equipment | $583,115,276 |
| Investments—publicly traded securities | $934,234,102 |
| Investments—other securities | $84,833,834 |
| Investments—program-related | $320,524,624 |
| Intangible assets | $0 |
| Other assets | $35,422,839 |
| Total assets | $2,504,263,399 |
| Accounts payable and accrued expenses | $360,201,203 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $488,058,920 |
| 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 | $20,199,699 |
| Other liabilities | $151,210,679 |
| Total liabilities | $1,019,670,501 |
| Net assets without donor restrictions | $1,473,951,375 |
| Net assets with donor restrictions | $10,641,523 |
| 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 | $2,504,263,399 |
Grants Awarded
Over the last fiscal year, North Carolina Baptist Hospital has awarded $521,092 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
Winstonsalem, NC PURPOSE: SUPPORTING CHILDREN'S MUSEUM AND SCIENCE CENTER | $200,000 |
Winstonsalem, NC PURPOSE: SUPPORTING THE PROJECT IMPACT FUND | $83,333 |
Winston Salem, NC PURPOSE: SUPPORTING INTEGRATED TRAUMA SYSTEM | $50,000 |
Towson, MD PURPOSE: SUPPORTING L. ANDREW KOMAN DISTINGUISHED SOUTHERN ORTHO AWARD | $37,500 |
Winstonsalem, NC PURPOSE: SUPPORTING FACE TO FACE SPEAKER FORUM | $35,760 |
Winstonsalem, NC PURPOSE: SUPPORTING GTS PROGRAM | $30,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that North Carolina Baptist Hospital has recieved totaling $279,318.
| Awarding Organization | Amount |
|---|---|
North Carolina Baptist Hospital Foundation Winston Salem, NC PURPOSE: SUPPORT OF FAITHHEALTH NC, EE EMERGENCY FD, COVID RESPONSE FD, OTHER PROGRAMS | $272,618 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $6,700 |
Endowment Analysis
| Beg. Balance | $10,868,363 |
| Earnings | $74,257 |
| Other Expense | $301,097 |
| Ending Balance | $10,641,523 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
First Health Of The Carolinas Inc Pinehurst, NC | $1,544,188,654 | $986,400,718 |
Mary Washington Healthcare Fredericksburg, VA | $593,675,918 | $863,388,863 |
Mountain States Health Alliance Johnson City, TN | $556,120,495 | $805,201,599 |
Baptist Memorial Hospital Memphis, TN | $691,981,947 | $770,663,628 |
Medical Center Of Central Georgia Inc Macon, GA | $1,397,526,718 | $800,413,800 |
Mcleod Regional Medical Center Of The Pee Dee Inc Florence, SC | $2,090,467,381 | $796,571,278 |
St Francis Hospital Inc Greenville, SC | $778,217,234 | $752,202,599 |
Phoebe Putney Memorial Hospital Inc Albany, GA | $729,879,818 | $712,342,689 |
Cobb Hospital Marietta, GA | $403,732,052 | $857,038,951 |
Anmed Health Anderson, SC | $1,245,907,620 | $728,404,682 |
Gaston Memorial Hospital Inc Gastonia, NC | $627,844,903 | $665,062,443 |
University Health Services Inc Augusta, GA | $1,020,272,774 | $598,292,806 |