Wakemed in Raleigh, North Carolina (NC)

Table of contents:

Organization representatives - add corrected or new information about Wakemed »

Non-representatives - add comments about Wakemed»

Wakemed
Employer Identification Number (EIN)566017737
Name of OrganizationWakemed
Address3000 New Bern Ave, Raleigh, NC 27610-1231
ActivitiesHospital, Other health services
SubsectionCharitable Organization
Ruling Date10/2010
DeductibilityContributions are deductible
FoundationHospital or medical research organization
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period09/2011
Assets$50,000,000 to greater
Income$50,000,000 to greater
Filing Requirement990 (all other) or 990EZ return
Asset Amount$1,362,673,830
Amount of Income$1,316,811,525
Form 990 Revenue Amount$943,074,605
National Taxonomy of Exempt Entities (NTEE)Health - General and Rehabilitative: Community Health Systems


Non-representatives - add comments:


CAPTCHA

Your IP address 54.242.121.134 will be logged.

Amount of income in 2011: $1,316,811,525
Wakemed: 

 $1,316,811,525
Other organizations performing similar types of work: 

 $6,009,868

Assets in 2011: $1,362,673,830
This organization: 

 $1,362,673,830
Other organizations performing similar types of work: 

 $5,695,221

Expenses in 2007: $824,220,621
Wakemed: 

 $824,220,621
Other organizations performing similar types of work: 

 $59,364,005

Income to expenses ratio in 2007: 1.0
This organization: 

 1.0
Other organizations performing similar types of work: 

 1.0

Expenses allocated to program services in 2007: 87.6%
Wakemed: 

 87.6%
Other organizations performing similar types of work: 

 86.5%

Number of employees in 2007: 6,826
This organization: 

 6,826
Other organizations performing similar types of work: 

 748

Employees paid over $50,000 in 2007: 44.7%
This organization: 

 44.7%
Other organizations performing similar types of work: 

 31.8%

Grants share in income in 2007: 0.9%
Wakemed: 

 0.9%
Other organizations performing similar types of work: 

 0.3%

Financial snapshot ($)

Revenue for 2007

Assets at end of 2007

Expenses for 2007

Functional Expenses for 2007 ($)

Income-Producing Activities for 2007

Revenue, Expenses, and Changes in Net Assets or Fund Balances
20002001200220032004200520062007
Total revenue$426,244,665$469,304,894$538,211,296$604,135,337$679,262,827$758,575,940$770,348,713$837,038,771
Contributions, gifts, grants, and similar amounts received$5,431,326$5,713,748$4,763,624$5,174,468$6,004,743$5,999,159$6,396,722$7,719,421
Contributions to donor advised funds$0$0
Direct public support$982,171$1,344,388$781,492$825,807$889,008$1,358,603$979,005$1,538,202
Indirect public support$396,175$572,667$313,375$268,526$315,643$168,649$337,689$141,413
Government contributions (grants)$4,052,980$3,796,693$3,668,757$4,080,135$4,800,092$4,471,907$5,080,028$6,039,806
Program service revenue including government fees and contracts$411,025,473$447,707,693$522,805,043$587,678,647$654,586,800$740,069,854$746,893,088$811,156,292
Membership dues and assessments$0$0$0$0$0$0$0$0
Interest on savings and temporary cash investments$11,151,557$6,072,260$5,586,893$7,684,054$8,920,085$11,294,422$13,540,608$12,658,480
Dividends and interest from securities$0$5,811,895$4,525,915$1,416,260$1,676,251$1,988,496$2,400,468$2,068,127
Net rental income or (loss)$462,348$482,200$473,926$475,749$423,092$279,448$535,819$587,707
Gross rents$628,214$567,126$562,121$566,941$571,124$468,490$685,766$686,933
Less: rental expenses$165,866$84,926$88,195$91,192$148,032$189,042$149,947$99,226
Other investment income$-1,769,850$1,808,681$-344,221$433,832$531,802$404,476$194,741$189,953
Gain or (loss) from sales of assets other than inventory$-56,189$1,708,417$400,116$1,272,327$7,120,054$-1,459,915$387,267$2,658,791
Gross amount from sales of assets other than inventory$566,614$181,190,305$345,036,767$291,297,011$270,049,651$119,930,609$48,883,167$83,059,336
Less: cost or other basis and sales expenses$622,803$179,481,888$344,636,651$290,024,684$262,929,597$121,390,524$48,495,900$80,400,545
Net income or (loss) from special events and activities$0$0$0$0$0$0$0$0
Gross revenue$0$0$0$0$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0$0$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0$0$0$0
Other revenue$0$0$0$0$0$0$0$0
Total expenses$414,794,268$459,128,755$529,645,998$574,153,208$642,365,334$718,064,523$767,779,032$824,220,621
Program services$388,918,011$430,325,983$472,854,146$509,553,009$568,957,814$635,321,879$677,811,222$721,614,562
Management and general$25,876,257$28,802,772$56,791,852$64,600,199$73,407,520$82,742,644$89,967,810$102,606,059
Fundraising$0$0$0$0$0$0$0$0
Payments to affiliates$0$0$0$0$0$0$0$0
Net assets or fund balances at end of year$352,194,027$359,320,294$388,371,900$438,583,399$495,507,293$570,914,889$615,213,032$600,007,457
Excess or (deficit) for the year$11,450,397$10,176,139$8,565,298$29,982,129$36,897,493$40,511,417$2,569,681$12,818,150
Net assets or fund balances at beginning of year$339,017,323$352,194,027$359,320,294$388,371,900$438,583,399$495,507,293$570,914,889$615,213,032
Other changes in net assets or fund balances$1,726,307$-3,049,872$20,486,308$20,229,370$20,026,401$34,896,179$41,728,462$-28,023,725
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$824,220,621$721,614,562$102,606,059$0
Grants paid from donor advised funds$0
Other grants and allocations$1,472,587
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$10,820,487$0$10,820,487$0
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$378,839,849$323,310,848$55,529,001$0
Pension plan contributions not included above$15,383,834$13,076,259$2,307,575$0
Employee benefits not included above$38,504,657$32,728,958$5,775,699$0
Payroll taxes$26,023,600$22,120,060$3,903,540$0
Professional fundraising fees$0$0$0$0
Accounting fees$143,738$0$143,738$0
Legal fees$878,929$826,194$52,735$0
Supplies$156,160,948$142,965,348$13,195,600$0
Telephone$2,967,595$2,789,539$178,056$0
Postage and shipping$1,789,083$1,681,738$107,345$0
Occupancy$15,879,642$14,926,863$952,779$0
Equipment rental and maintenance$3,045,257$2,862,542$182,715$0
Printing and publications$2,238,154$2,103,865$134,289$0
Travel$1,371,170$1,296,652$74,518$0
Conferences, conventions, and meetings$1,230,437$1,156,609$73,828$0
Interest$8,009,267$8,009,267$0$0
Depreciation, depletion, etc.$57,499,186$57,499,186$0$0
Other expenses not covered above$101,962,201$92,788,047$9,174,154$0
Balance Sheets
20002001200220032004200520062007
Total assets$735,682,980$741,623,241$772,425,684$821,310,850$900,274,912$952,787,258$1,013,156,442$1,002,099,535
Cash - non-interest-bearing$0$0$0$0$230,670,936$236,252,347$223,521,500$250,134,625
Savings and temporary cash investments$141,675,037$135,321,875$138,210,605$191,237,809$0$0$0$0
Accounts receivable less allowance for doubtful accounts$99,736,650$97,552,541$104,276,703$109,958,499$95,050,840$119,746,065$111,122,488$119,049,230
Pledges receivable less allowance for doubtful accounts$0$0$0$0$0$0$0$0
Grants receivable$0$0$0$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$0$0$0$0$0
Inventories for sale or use$7,754,625$9,135,457$8,685,037$11,368,854$14,015,981$15,128,762$18,903,887$18,593,779
Prepaid expenses and deferred charges$10,804,709$10,938,154$11,521,227$10,640,076$10,823,611$11,271,627$11,719,013$12,073,583
Investments - publicly-traded securities$127,357,767$83,541,665
Investments - other securities$0$89,633,597$98,711,384$70,281,868$95,656,040$109,314,571$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0$0$0
Investments - other$0$4,078,597$0$1,997,516$0$0$0$0
Land, buildings, and equipment less accumulated depreciation$319,951,125$362,163,915$386,696,428$402,802,295$424,813,754$429,265,279$463,082,528$483,583,106
Other assets, including program-related investments$155,760,834$32,799,105$24,324,300$23,023,933$29,243,750$31,808,607$57,449,259$35,123,547
Total liabilities$383,488,953$382,302,947$384,053,784$382,727,451$404,767,619$381,872,369$397,943,410$402,092,078
Accounts payable and accrued expenses$67,989,531$62,043,755$68,727,144$80,436,203$92,767,355$109,247,916$114,493,825$115,333,908
Grants payable$0$0$0$0$0$0$0$0
Deferred revenue$28,020,644$2,512,087$2,031,202$1,590,666$2,240,234$2,026,862$1,988,738$2,565,290
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Tax-exempt bond liabilities$277,378,593$274,030,582$268,241,763$261,357,947$248,774,128$236,020,309$233,816,491$229,457,673
Mortgages and other notes payable$2,845,717$2,116,131$1,498,324$870,076$314,591$204,685$591,043$408,822
Other liabilities$7,254,468$41,600,392$43,555,351$38,472,559$60,671,311$34,372,597$47,053,313$54,326,385
Total liabilities and net assets/fund balances$735,682,980$741,623,241$772,425,684$821,310,850$900,274,912$952,787,258$1,013,156,442$1,002,099,535
Total net assets or fund balances$352,194,027$359,320,294$388,371,900$438,583,399$495,507,293$570,914,889$615,213,032$600,007,457
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002001200220032004200520062007
Total revenue$426,244,665$469,304,894$538,211,296$604,135,337$679,262,827$758,575,940$770,348,713$837,038,771
Total revenue, gains, and other support per audited financial statements$425,326,505$457,928,802$538,777,261$599,200,004$669,766,309$764,169,599$781,480,895$801,061,880
Other expenses$1,307,317$-8,681,953$3,567,220$-2,412,660$-6,504,664$8,059,125$14,981,218$-32,053,693
Net unrealized gains on investments$2,685,483$-6,577,131$4,734,006$0$0$0$0$-30,827,946
Donated services and use of facilities$0$0$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0$0$0
Other$-1,378,166$-2,104,822$-1,166,786$-2,412,660$-6,504,664$8,059,125$14,981,218$-1,225,747
Other revenue$2,225,477$2,694,139$3,001,255$2,522,673$2,991,854$2,465,466$3,849,036$3,923,198
Investment expenses$0$0$0$0$0$0$0$0
Other$2,225,477$2,694,139$3,001,255$2,522,673$2,991,854$2,465,466$3,849,036$3,923,198
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20002001200220032004200520062007
Total expenses$414,794,268$459,128,755$529,645,998$574,153,208$642,365,334$718,064,523$767,779,032$824,220,621
Total expenses and losses per audited financial statements$411,082,575$455,340,938$525,957,522$570,644,446$638,396,617$714,396,033$763,382,932$820,045,290
Other revenue$-2,225,477$-2,694,139$-3,001,258$-2,522,673$-2,991,854$-2,465,466$-3,108,868$-2,691,643
Donated services and use of facilities$0$0$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0$0$0
Losses$0$0$0$0$0$0$0$0
Other$-2,225,477$-2,694,139$-3,001,258$-2,522,673$-2,991,854$-2,465,466$-3,108,868$-2,691,643
Other expenses$1,486,216$1,093,678$687,218$986,089$976,863$1,203,024$1,287,232$1,483,688
Investment expenses$0$0$0$0$0$0$0$0
Other$1,486,216$1,093,678$687,218$986,089$976,863$1,203,024$1,287,232$1,483,688
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
40$1,162,503$478,695$0
40$563,034$150,048$0
40$555,804$141,521$0
40$463,739$117,458$0
40$400,211$90,229$0
40$409,749$50,886$0
40$297,397$27,696$0
40$329,755$67,006$0
40$319,030$73,431$0
40$301,186$77,385$0
40$281,485$74,457$0
40$284,650$54,178$0
40$266,441$50,719$0
40$258,226$43,263$0
40$247,423$48,037$0
40$240,199$46,616$0
40$255,925$30,501$0
40$240,176$42,279$0
40$237,374$45,009$0
40$235,146$38,385$0
40$229,633$32,504$0
40$223,568$43,030$0
40$197,464$40,917$0
40$173,086$35,829$0
40$174,684$27,968$0
40$171,300$30,430$0
40$165,870$32,158$0
40$135,667$9,127$0
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings14
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?Yes
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?Yes
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 20066,826
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$1,521,200$24,329,049$803,469,101
Program service revenue
Program service revenue 1Testing laboratories$417,52100$0$788,880,543
Program service revenue 2Testing laboratories$9,20000$0$10,612,622
Program service revenue 3000000$0Section 501(c)(3) organization - Income from an activity carried on primarily for the convenience of the organization's members, students, patients, visitors, officers, or employees (hospital parking lot or museum cafeteria, for example) (section 513(a)(2))$4,003,661$0
Program service revenue 4000000$000$0$3,969,345
Program service revenue 5Other personal services$1,094,479Section 501(c)(3) organization - Income from an activity carried on primarily for the convenience of the organization's members, students, patients, visitors, officers, or employees (hospital parking lot or museum cafeteria, for example) (section 513(a)(2))$2,162,330$6,591
$0$0$3,969,345
Testing laboratories$417,521$0$788,880,543
Scientific research and development services$38,628$0$6,591
Testing laboratories$9,200$0$10,612,622
Administrative and support services$688$0$0
Management consulting services$59,871$0$0
Other personal services$676,479$0$0
Miscellaneous store retailers$1,163$0$0
All other ambulatory health care services$317,650$0$0
$03$4,003,661$0
$03$1,032,151$0
$03$328,014$0
$03$757,981$0
$03$44,184$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$12,658,480$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$2,068,127$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$0Real property rental income that does not depend on the income or profits derived by the person leasing the property and is excluded by section 512(b)(3)$587,707$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$0Income or loss from the lapse or termination of options to buy or sell securities, or real property, and from the forfeiture of good-faith deposits for the purchase, sale, or lease of investment real property (section 512(b)(5))$189,953$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$2,658,791$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
043750760100%$-1,236,212$1,781,101
260554927100%$127,098$1,282,539
0000000000%$0$0
0000000000%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$606,109$26,005$0
$556,321$22,563$0
$499,773$21,672$0
$435,742$41,662$0
$411,362$43,404$0
Total number of other employees paid over $50,0003,017
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$189,469
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
Enter the total number of donor advised funds owned at the end of the tax year$0
Enter the aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
Enter the total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
Enter the aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isHospital, or a cooperative hospital service organization
Support Schedule
19992000200120022003200420052006
Total$0$0$0$0$0$0$0$0
Gifts, grants, and contributions received$0$0$0$0$0$0$0$0
Membership fees received$0$0$0$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$0$0$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0$0$0$0$0$0
Net income from unrelated business activities not included above$0$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0$0$0
Other income$0$0$0$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?Yes
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$943,074,605
Contributions, Gifts, Grants and Other Similar Amounts$5,720,938
Program Service Revenue$920,937,695
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$14,053,028
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$690,865
Gross rents (Real / Personal)$769,567 / $0
Less: rental expenses (Real / Personal)$78,702 / $0
Rental income or (loss) (Real / Personal)$690,865 / $0
Net gain from sales of assets other than inventory$1,434,865
Gross amount from sales of assets other than inventory (Securities / Other)$374,265,599 / $827,484
Less: cost or other basis and sales expenses (Securities / Other)$373,085,715 / $572,503
Gain or (loss) (Securities / Other)$1,179,884 / $254,981
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$237,214
Statement of Functional Expenses (for 2011)
Total functional expenses$937,225,334
Compensation of current officers, directors, trustees, and key employees$5,712,448
Other salaries and wages$406,708,827
Payroll taxes$27,495,162
Professional fundraising services$0
Other$497,308,897
Balance Sheet (for 2011)
Total assets$1,362,673,830
Total liabilities$654,720,444
Tax-exempt bond liabilities$455,346,622
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Other$199,373,822
Total net assets or fund balances$707,953,386
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:A hospital or a cooperative hospital service organization described in section 170(b)(1)(A)(iii)
Unrelated Trade or Business Income (for 2008)
IncomeExpensesNet
Total$15,212,001$0$1,521,200
Gross receipts or sales less returns and allowances$1,521,200$0$0
Cost of goods sold$0$0$0
Gross profit$15,212,001$0$1,521,200
Capital gain net income$0$0$0
Net gain$0$0$0
Capital loss deduction for trusts$0$0$0
Income (loss) from partnerships and S corporations$0$0$0
Rent income$0$0$0
Unrelated debt-financed income$0$0$0
Interest, annuities, royalties, and rents from controlled organizations$0$0$0
Investment income of a section 501(c)(7), (9), or (17) organization$0$0$0
Exploited exempt activity income$0$0$0
Advertising income$0$0$0
Other income$0$0$0
Deductions Not Taken Elsewhere (for 2008)
Total deductions$1,699,887
Compensation of officers, directors, and trustees$0
Salaries and wages$426,162
Repairs and maintenance$0
Bad debts$0
Interest$0
Taxes and licenses$0
Charitable contributions$0
Depreciation$424,912
Depletion$0
Contributions to deferred compensation plans$0
Employee benefit programs$75,763
Excess exempt expenses$0
Excess readership costs$0
Other deductions$773,050
Unrelated business taxable income$-178,687
Unrelated business taxable income before net operating loss deduction$-178,687
Net operating loss deduction$0
Unrelated business taxable income before specific deduction$-178,687
Specific deduction$1,000
Write your review!

Your Ratings

You can rate this nonprofit in different categories from 1 star (worst) to 5 stars (best) or leave category unrated

Program:
Fundraising:
Expenses:
Transparency:

Your Review


Would you recommend Wakemed to others? (optional)
  
Add photo of Wakemed (optional)

About You

Your nickname:

Optional Verification

(additional info to increase the weight and the placement of your review and ratings)

Sign in with Twitter
Real Name:
Email (won't be published):
Date and time of your visit to this nonprofit:
Phone number (won't be published):
Leave your signature»

Sweepstakes

Special limited-time promotion! Submit your review for a chance to win $500 in our sweepstakes!



Your email address (you will not be contacted unless you win, we do not sell your email address or send any spam):


Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Bjc Health System, Group Return4901 Forest Park Ave Ste 1200, Saint Louis, MO 63108-1402MO2002-03$3,825,678,440
2St George Corporation12251 S 80th Ave, Palos Heights, IL 60463-1256IL2001-08$2,593,304,584
3Partners Healthcare System Inc, General Hospital Corporation529 Main St Ste 510, Charlestown, MA 02129-1116MA2010-11$2,525,330,785
4Partners Healthcare System Inc, Brigham & Womens Hospital Inc529 Main St Ste 510, Charlestown, MA 02129-1116MA2010-11$1,936,176,046
5Froedtert Memorial Lutheran Hospital Inc9200 W Wisconsin Ave, Milwaukee, WI 53226-3522WI1968-05$1,728,521,217
6Meridian Health System Inc, Group Return1350 Campus Parkway, Neptune, NJ 07753-6821NJ1996-09$1,424,545,971
7Wakemed3000 New Bern Ave, Raleigh, NC 27610-1231NC2010-10$1,316,811,525
8Novant Health Inc2085 Frntis Plz Blvd, Winston Salem, NC 27103-5614NC1984-08$1,221,454,160
9Sanford Health, Group ReturnPO BOX 5039, Sioux Falls, SD 57117-5039SD2001-03$1,040,242,737
10Cumberland County Hospital System Inc, Cape Fear Valley Medical CenterPO BOX 2000, Fayetteville, NC 28302-2000NC1969-02$1,023,560,960
11Partners Healthcare System Inc529 Main St Ste 310, Charlestown, MA 02129-1116MA2010-11$762,333,087
12Sutter Health2200 River Plaza Dr, Sacramento, CA 95833-4134CA1982-02$760,898,287
13Aurora Health Care IncPO BOX 341880, Milwaukee, WI 53234-1880WI2010-05$746,443,554
14Partners Healthcare System Inc, Massachusetts Gen Physicians Org529 Main St Ste 510, Charlestown, MA 02129-1116MA2010-11$621,576,734
15Community Health Network Of Connecticut Inc11 Fairfield Blvd, Wallingford, CT 06492-1828CT1998-02$598,895,538
16Summa Health System, Summa Akron City-St Thomas Hospital525 E Market St, Akron, OH 44304-1619OH2011-05$597,338,262
17Atlanticare Health System Inc, Atlanticare Regional Medical Center1925 Pacific Ave, Atlantic City, NJ 08401-6713NJ2011-02$546,940,050
18Memorial Medical Center701 North First Street, Springfield, IL 62781IL2010-04$500,412,035
19Partners Healthcare System Inc, Brigham & Womens Physicians Org529 Main St Ste 510, Charlestown, MA 02129-1116MA2010-11$499,450,495
20Partners Healthcare System Inc, North Shore Medical Center Inc529 Main St Ste 510, Charlestown, MA 02129-1116MA2010-11$437,194,548
21Southeastern Regional Medical CenterPO BOX 1408, Lumberton, NC 28359-1408NC2011-02$282,159,593
22Lincoln Medical CenterPO BOX 677, Lincolnton, NC 28093-0677NC2006-11$38,489,760
23Blue Ridge Healthcare Systems Inc2201 S Sterling St, Morganton, NC 28655-4044NC1999-10$7,177,958
24Healthreach Community Clinic400 E Statesville Ave Ste 300, Mooresville, NC 28115-2588NC2004-06$348,361
25Carolina Healthcare Associates Inc2131 S 17th St, Wilmington, NC 28401-7407NC2000-02$86,147,441
26North Carolina Community Carenetworks Inc2300 Rexwoods Dr Ste 200, Raleigh, NC 27607-3361NC2008-06$21,020,861
27Charlotte Community Health Clinic Inc, Nancy W Hudson Executive Dorector6900 Farmingdale Dr, Charlotte, NC 28212-5551NC2001-12$1,750,262
28Coastal Carolinas Health Alliance5305 Wrightsville Ave Ste M, Wilmington, NC 28403-6507NC1995-06$1,191,481
29Community Health Services Of Union County415 E Windsor St Ste B, Monroe, NC 28112-4878NC2004-05$372,868
30Orange County Medical Foundation IncPO BOX 816, Hillsborough, NC 27278-0816NC2006-06$39
Number of organizations performing similar types of work
Alabama5
Arkansas4
California24
Colorado9
Connecticut5
District of Columbia1
Delaware2
Florida10
Georgia21
Hawaii9
Iowa1
Idaho5
Illinois20
Indiana6
Kansas8
Kentucky7
Louisiana4
Massachusetts62
Maryland4
Maine4
Michigan15
Minnesota16
Missouri12
Mississippi3
Montana3
North Carolina22
North Dakota14
Nebraska4
New Hampshire3
New Jersey32
New Mexico2
New York27
Ohio23
Oklahoma6
Oregon4
Pennsylvania37
Rhode Island4
South Carolina2
South Dakota9
Tennessee3
Texas46
Utah2
Virginia32
Vermont2
Washington6
Wisconsin9
West Virginia8
Wyoming1
International1
Total559
All affiliated organizations
AffiliationNameAddressStateEstablishedTotal Income
CentralWakemed3000 New Bern Ave, Raleigh, NC 27610-1231NC2010-10$1,316,811,525
SubordinateWakemed, Wakemed Foundation3000 New Bern Avenue, Raleigh, NC 27610-1231NC2010-10$8,581,537
SubordinateWakemed, Wakemed Property Services3000 New Bern Avenue, Raleigh, NC 27610-1231NC2010-10$8,335,454
Number of affiliated organizations
North Carolina3
Total3

faqs.org is not associated with, endorsed by, or sponsored by Wakemed and has no official or unofficial affiliation with Wakemed