Wake Forest University Health Sciences Group Return is located in Winstonsalem, NC. The organization was established in 2002. According to its NTEE Classification (B50) the organization is classified as: Graduate & Professional Schools, under the broad grouping of Education and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Wake Forest University Health Sciences Group Return 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, Wake Forest University Health Sciences Group Return generated $56.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.4%) each year. All expenses for the organization totaled $45.3m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Wake Forest University Health Sciences Group Return has awarded 16 individual grants totaling $7,632,383. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
OUTPATIENT MEDICAL CLINICS FOR THE PROMOTION OF HEALTH FOR THE BENEFIT OF THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEMODIALYSIS: THE CLINICS SERVE THE TEACHING AND RESEARCH PROGRAMS OF WAKE FOREST UNIVERSITY HEALTH SCIENCES AND WAKE FOREST UNIVERSITY BY PROVIDING DIALYSIS TREATMENTS TO END STAGE RENAL DISEASE PATIENTS (1,828 IN-CENTER AND 301 HOME DIALYSIS PATIENTS), OR BY TRAINING PATIENTS IN SELF-ADMINISTRATION OF AT-HOME DIALYSIS TREATMENTS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Terry L Hales Jr Director & Asst Treas | OfficerTrustee | 0.5 | $0 |
Kevin P High MD Director & VP | OfficerTrustee | 0.5 | $0 |
Julie A Freischlag MD Chair & President | OfficerTrustee | 0.5 | $0 |
J Reid Morgan Secretary | Officer | 0.5 | $0 |
Bradley A Clark Treasurer | Officer | 0.1 | $0 |
Terry G Williams Director | Trustee | 0.1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Hsm Dialysis Centers Llc Management Services | 12/30/21 | $8,866,762 |
High Point Nephrology Associates Medical Director | 12/30/21 | $143,530 |
Nephrology Associates Medical Director | 12/30/21 | $534,623 |
Schedulewise Llc Consulting Services | 12/30/21 | $122,400 |
Iredell Nephrology Medical Director | 12/30/21 | $125,932 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $56,430,791 |
Investment income | $0 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $56,430,791 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $789,374 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $4,505,875 |
Fees for services: Legal | $2,517 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $42,131 |
Fees for services: Other | $21,402,724 |
Advertising and promotion | $0 |
Office expenses | $240,711 |
Information technology | $337,405 |
Royalties | $0 |
Occupancy | $1,891,860 |
Travel | $76,652 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $20,907 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $195,950 |
All other expenses | $0 |
Total functional expenses | $45,341,249 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $5,671,699 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $10,382,388 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $2,386,605 |
Prepaid expenses and deferred charges | $118,579 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $275,964,273 |
Total assets | $294,523,544 |
Accounts payable and accrued expenses | $10,207,779 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
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 | $0 |
Other liabilities | $0 |
Total liabilities | $10,207,779 |
Net assets without donor restrictions | $284,315,765 |
Net assets with donor restrictions | $0 |
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 | $294,523,544 |
Over the last fiscal year, Wake Forest University Health Sciences Group Return has awarded $789,374 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
Rockville, MD PURPOSE: FINANCIAL ASSISTANCE PROGRAM FOR QUALIFIED KIDNEY PATIENTS | $779,374 |
Winstonsalem, NC PURPOSE: COMMUNITY SUPPORT | $10,000 |
Over the last fiscal year, we have identified 1 grants that Wake Forest University Health Sciences Group Return has recieved totaling $7,164.
Awarding Organization | Amount |
---|---|
Winston-Salem Foundation Winstonsalem, NC PURPOSE: 4 GRANT(S) FOR VARYING PURPOSES | $7,164 |
Organization Name | Assets | Revenue |
---|---|---|
Augusta University Research Institute Inc Augusta, GA | $21,382,894 | $80,266,513 |
Columbia International University Columbia, SC | $112,576,601 | $51,477,701 |
Wake Forest University Health Sciences Group Return Winstonsalem, NC | $294,523,544 | $56,430,791 |
Southern College Of Optometry Memphis, TN | $90,101,083 | $28,598,801 |
Johnson University Knoxville, TN | $236,951,483 | $27,596,664 |
Baptist Memorial College Of Health Sciences Inc Memphis, TN | $55,747,053 | $20,446,298 |
Sherman College Of Straight Chiropractic Inc Spartanburg, SC | $45,133,899 | $16,948,617 |
Interdenominational Theological Center Inc Atlanta, GA | $16,432,791 | $10,752,474 |
Middle Tennessee School Of Anesthesia Inc Madison, TN | $22,533,334 | $7,937,391 |
Johnson University Knoxville, TN | $1,750,926 | $5,010,332 |
Mid-America Baptist Theological Seminary Cordova, TN | $25,540,580 | $5,422,482 |
Luther Rice University Inc Lithonia, GA | $7,749,300 | $4,580,851 |