Wakemed
- Assets
- $408.9m
- Revenue
- $32.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- 02/1967
- Data as of
- 09/2023
- EIN
- 90-0893457
Organization Overview
Wakemed, operating under the name See Schedule O, is located in Raleigh, NC. The organization was established in 1967. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. See Schedule O 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 09/2023, See Schedule O generated $32.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.2% each year . All expenses for the organization totaled $40.9m during the year ending 09/2023. While expenses have increased by 10.9% 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, See Schedule O has awarded 32 individual grants totaling $1,956,513. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE HEALTH AND WELL-BEING OF OUR COMMUNITY WITH OUTSTANDING AND COMPASSIONATE CARE TO ALL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WAKEMED PROPERTY SERVICES PURCHASES, LEASES, AND MAINTAINS PROPERTIES IN WAKE, JOHNSTON AND DURHAM COUNTIES FOR THE PURPOSES OF LEASING OR SUBLEASING SPACE TO WAKEMED AND OTHER MEDICAL PROVIDERS TO EXPAND THE ACCESSIBILITY OF MEDICAL SERVICES IN THE VICINITY. PROPERTY SERVICES CURRENTLY OWNS AND MAINTAINS THIRTY PROPERTIES (INCLUDING LAND THAT IS UNDER DEVELOPMENT), AND LEASES FIFTY-ONE PROPERTIES. MULTIPLE WAKEMED DEPARTMENTS AND PHYSICIAN PRACTICES OCCUPY THE OWNED AND LEASED SPACE INCLUDING THREE FREE-STANDING EMERGENCY DEPARTMENTS, FIVE OUTPATIENT IMAGING CENTERS, FOUR OUTPATIENT REHABILITATION DEPARTMENTS AND A MOBILE CRITICAL CARE AMBULANCE DEPARTMENT. CURRENTLY, THERE ARE ONE HUNDRED AND NINETEEN PHYSICIAN PRACTICES LOCATED IN THESE BUILDINGS. A WIDE VARIETY OF CARE OPTIONS ARE OFFERED AT EACH OF THESE FACILITIES AND ARE DESIGNED BY LOCATION AND SERVICE TO ENHANCE CARE FOR ALL RESIDENTS OF THE COMMUNITY SERVED. MOST LOCATIONS ARE LEASED IN AREAS EXPERIENCING RAPID GROWTH WITH LIMITED OPTIONS FOR MEDICAL CARE INCLUDING PRIMARY CARE AND SPECIALISTS.
THE WAKEMED FOUNDATION IS A CHARITABLE RESOURCE FOR WAKEMED, SUPPORTING THE HEALTH SYSTEM IN ITS COMMITMENT TO PROVIDING QUALITY HEALTHCARE TO ALL CITIZENS OF THE COMMUNITY. FUNDRAISING ACTIVITIES SUPPORT WAKEMED THROUGH FUNDRAISING AND EDUCATIONAL AWARENESS OF QUALITY HEALTHCARE PROGRAMS AND SERVICES AVAILABLE AT WAKEMED FOR THE CITIZENS OF THE COMMUNITY WITH THE PURPOSE OF PROVIDING PHILANTHROPIC SUPPORT FOR NUMEROUS WAKEMED PROGRAMS AND SERVICES. THE FOUNDATION HAS HELPED FURTHER WAKEMED'S MISSION TO THE COMMUNITY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Bod, Wakemed Foundation | Trustee | 0.5 | $0 |
Name Not Listed Bod, Wakemed Foundation | Trustee | 0.5 | $0 |
Name Not Listed Bod, Wakemed Property Services | Trustee | 2.5 | $0 |
Name Not Listed Bod, Wakemed Foundation | Trustee | 0.5 | $0 |
Name Not Listed Bod, Wakemed Foundation | Trustee | 0.5 | $0 |
Name Not Listed Bod, Wakemed Foundation | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jani-king Janitorial Services | 9/29/23 | $1,277,230 |
Marlamar Inc Dba City Wide Maintenance Janitorial Services | 9/29/23 | $480,853 |
Greenscape Landscaping Services | 9/29/23 | $396,208 |
Mg Capital Maintenance Janitorial Services | 9/29/23 | $239,331 |
Interstate Contracting Cleaning Services Inc Janitorial Services | 9/29/23 | $133,112 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $855,013 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,025,809 |
| Noncash contributions included in lines 1a–1f | $123,167 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,880,822 |
| Total Program Service Revenue | $28,682,959 |
| Investment income | $1,578,442 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $247,705 |
| Net Income from Fundraising Events | -$39,898 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $32,481,397 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $724,398 |
| Grants and other assistance to domestic individuals. | $115,077 |
| 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 | $1,540,414 |
| Pension plan accruals and contributions | $48,329 |
| Other employee benefits | $82,414 |
| Payroll taxes | $62,357 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $99,999 |
| Fees for services: Other | $3,408,879 |
| Advertising and promotion | $26,894 |
| Office expenses | $321,556 |
| Information technology | $124,820 |
| Royalties | $0 |
| Occupancy | $7,608,297 |
| Travel | $4,520 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,698 |
| Interest | $4,914,751 |
| Payments to affiliates | $1,667,168 |
| Depreciation, depletion, and amortization | $16,874,147 |
| Insurance | $259,771 |
| All other expenses | $71,647 |
| Total functional expenses | $40,871,945 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,537,843 |
| Savings and temporary cash investments | $824,905 |
| Pledges and grants receivable | $4,714,900 |
| Accounts receivable, net | $42,298,577 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,918,293 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $686,089 |
| Net Land, buildings, and equipment | $316,539,090 |
| Investments—publicly traded securities | $34,799,892 |
| Investments—other securities | $0 |
| Investments—program-related | $4,285,765 |
| Intangible assets | $0 |
| Other assets | $332,546 |
| Total assets | $408,937,900 |
| Accounts payable and accrued expenses | $9,547,104 |
| Grants payable | $0 |
| Deferred revenue | $152,572 |
| 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 | $117,340,158 |
| Total liabilities | $127,039,834 |
| Net assets without donor restrictions | $248,859,996 |
| Net assets with donor restrictions | $33,038,070 |
| 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 | $408,937,900 |
Grants Awarded
Over the last fiscal year, Wakemed has awarded $724,399 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
SAFE CHILD PURPOSE: CHILDREN'S MEDICAL EVALUATIONS | $50,000 |
MEFINE FOUNDATION PURPOSE: SUPPORT OF PEDIATRIC PATIENTS & THEIR FAMILIES | $15,000 |
WAKE EMERGENCY PHYSICIANS PA PURPOSE: WELL-BEING INITIATIVES | $9,985 |
WAKE EMERGENCY PHYSICIANS PA PURPOSE: PAYMENT TO WAKE EMERGENCY PHYSICIANS - FELLOWSHIP EXPENSES; PAYMENT FLOWED THROUGH WAKEMED AS INTERMEDIARY | $7,926 |
INTER-FAITH FOOD SHUTTLE PURPOSE: DONATION - COMMUNITY FOOD INSECURITY PILOT | $72,500 |
FOOD BANK OF CENTRAL & EASTERN NC PURPOSE: DONATION - COMMUNITY FOOD INSECURITY PILOT | $52,500 |