Wakemed
- Assets
- $319.2m
- Revenue
- $30.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- 02/1967
- Data as of
- 09/2021
- 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 09/2021, See Schedule O generated $30.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.1% each year . All expenses for the organization totaled $31.7m during the year ending 09/2021. While expenses have increased by 10.0% per year over the past 6 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 24 individual grants totaling $1,073,545. 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
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 AND JOHNSTON COUNTIES FOR THE PURPOSE 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-THREE PROPERTIES (INCLUDING LAND FOR FUTURE DEVELOPMENT), AND LEASES THIRTY-EIGHT PROPERTIES. MULTIPLE WAKEMED DEPARTMENTS AND PHYSICIAN PRACTICES OCCUPY THE OWNED AND LEASED SPACE INCLUDING THREE FREE-STANDING EMERGENCY DEPARTMENTS, FOUR OUTPATIENT IMAGING CENTERS, FOUR OUTPATIENT REHABILITATION DEPARTMENTS, A MOBILE CRITICAL CARE AMBULANCE DEPARTMENT AND AN OUTPATIENT PHYSICAL THERAPY DEPARTMENT. CURRENTLY, THERE ARE ONE HUNDRED AND FOUR 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rebecca Andrews SVP & Administrator Raleigh | Officer | 0 | $0 |
Theodore Lotchin VP - Chief Compl. & Privacy | Officer | 0 | $0 |
John Perry Vp, Medical Information | Officer | 0 | $0 |
Karen Bash Cmo, North Hospital | Officer | 0 | $0 |
Valerie Barlow Vp, Clinical & Support Svcs | Officer | 0 | $0 |
Debra Laughery Vp, Marketing & Communications | Officer | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jani-king Janitorial Services | 9/29/21 | $1,221,108 |
Greenscape Landscaping Services | 9/29/21 | $342,006 |
Triangle Elite Facility Service Inc Janitorial Services | 9/29/21 | $117,931 |
Marlamar Inc Dba City Wide Maintena Janitorial Services | 9/29/21 | $492,419 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $992,761 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,443,981 |
| Noncash contributions included in lines 1a–1f | $23,292 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,436,742 |
| Total Program Service Revenue | $24,304,640 |
| Investment income | $1,104,508 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,984,465 |
| Net Income from Fundraising Events | $11,429 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $30,125,616 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $311,745 |
| Grants and other assistance to domestic individuals. | $48,207 |
| 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 | $1,548,231 |
| Pension plan accruals and contributions | $41,881 |
| Other employee benefits | $70,287 |
| Payroll taxes | $49,252 |
| Fees for services: Management | $51,130 |
| Fees for services: Legal | $6,363 |
| Fees for services: Accounting | $18,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $106,432 |
| Fees for services: Other | $1,059,457 |
| Advertising and promotion | $17,940 |
| Office expenses | $42,105 |
| Information technology | $86,447 |
| Royalties | $0 |
| Occupancy | $15,613,530 |
| Travel | $3,361 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,403 |
| Interest | $0 |
| Payments to affiliates | $3,117,574 |
| Depreciation, depletion, and amortization | $5,347,269 |
| Insurance | $201,556 |
| All other expenses | $0 |
| Total functional expenses | $31,694,086 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,095,622 |
| Savings and temporary cash investments | $921,776 |
| Pledges and grants receivable | $5,819,509 |
| Accounts receivable, net | $39,505,229 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $325,609 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,415,755 |
| Net Land, buildings, and equipment | $227,131,540 |
| Investments—publicly traded securities | $38,070,900 |
| Investments—other securities | $0 |
| Investments—program-related | $3,708,662 |
| Intangible assets | $0 |
| Other assets | $228,362 |
| Total assets | $319,222,964 |
| Accounts payable and accrued expenses | $1,168,988 |
| Grants payable | $0 |
| Deferred revenue | $362,329 |
| 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 | $12,636,370 |
| Total liabilities | $14,167,687 |
| Net assets without donor restrictions | $272,763,883 |
| Net assets with donor restrictions | $32,291,394 |
| 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 | $319,222,964 |
Grants Awarded
Over the last fiscal year, Wakemed has awarded $311,045 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Raleigh, NC PURPOSE: GENERAL SUPPORT | $238,182 |
Raleigh, NC PURPOSE: 385 Children's Medical Evaluations | $50,000 |
Durham, NC PURPOSE: Support of PATIENT FAMILIES | $15,000 |
WAKE EMERGENCY PHYSICIANS PA PURPOSE: Well-Being Initiatives | $7,863 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Wakemed has recieved totaling $1,241,020.
| Awarding Organization | Amount |
|---|---|
Duke Endowment Charlotte, NC PURPOSE: TO INTEGRATE VIRTUAL BEHAVIORAL HEALTH SERVICES INTO PEDIATRIC AND ADULT PRIMARY CARE SETTINGS. | $500,000 |
Duke Endowment Charlotte, NC PURPOSE: TO BUILD EVIDENCE ON THE EFFECTIVENESS OF ARTIFICIAL INTELLIGENCE TO IDENTIFY PATIENTS AT RISK OF SUICIDE. | $470,000 |
Duke Endowment Charlotte, NC PURPOSE: TO EXPAND A COMMUNITY NETWORK OF CARE FOR THE LOW-INCOME, UNINSURED IN WAKE AND FRANKLIN COUNTIES. | $250,000 |
Replogle Family Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $20,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $500 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $500 |
Endowment Analysis
| Beg. Balance | $4,384,089 |
| Earnings | $381,557 |
| Net Contributions | $49,637 |
| Other Expense | $56,678 |
| Ending Balance | $4,758,605 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Health Incoporated Augusta, GA | $79,627,857 | $93,887,435 |
Prisma Health Greenville, SC | $2,651,815,671 | $151,725,809 |
North Carolina Community Carenetworks Inc Cary, NC | $71,055,528 | $122,918,658 |
Georgetown Hospital System Georgetown, SC | $75,419,606 | $78,168,035 |
Community Care Of North Carolina Inc Cary, NC | $40,141,694 | $99,043,731 |
Foundation Health Systems Corp Winston Salem, NC | $284,421,963 | $92,305,767 |
Uva Prince William Health System Manassas, VA | $34,920,621 | $47,526,474 |
Childrens Healthcare Of Atlanta Inc Atlanta, GA | $8,642,131,252 | $273,611,530 |
Riverside Healthcare Association Inc Newport News, VA | $660,049,352 | $36,592,083 |
Phoebe Putney Health Systems Inc Albany, GA | $658,120,525 | $73,745,193 |
Wakemed Raleigh, NC | $319,222,964 | $30,125,616 |
North Carolina Community Health Center Association Raleigh, NC | $3,052,612 | $26,747,196 |