Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 2010.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
90 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Who runs it and what they're paid
50 people listed on the 990; $20.3M paid to officers and key staff.
Donald Gintzig’s $2.2M as President & CEO is at the 86th percentile of top reported officer pay among 1747 $100M+ health care nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2024 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Donald Gintzig | $2,193,903 | — | $1,919,853 | — | — | — |
| Donald Gintzig | — | $1,881,664 | — | $1,998,303 | $1,714,605 | — |
| Donald R Gintzig | — | — | — | — | — | $1,739,791 |
| Ashish Patel MD | $1,631,093 | — | — | — | — | — |
| Ashish Patel | — | $1,538,517 | — | — | — | — |
| Bryon Boulton MD | $1,473,309 | — | — | — | — | — |
| Bryon Boulton | — | $1,449,918 | — | — | — | — |
| Judson Williams MD | $1,362,737 | — | — | — | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Provides compassionate emergency, outpatient, and specialized medical services through a network of hospitals and clinics to improve community health and access to care.
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Surgical Services
Wakemed provides surgical services in five locations throughout the county: wakemed raleigh campus, wakemed cary hospital, wakemed north, holly springs surgical ventures and capital city surgery center of which wakemed is a majority investor.
Heart Center
Wakemed's heart and vascular program is one of the largest and most comprehensive cardiovascular programs in the state of north carolina. This year, 18,163 cardiovascular procedures were performed including surgery, diagnostic and interventional cardiac catheterizations and electrophysiology studies.
Emergency services- a critical issue facing wake county residents continues to be access to affordable health care. To address this challenge, wakemed has strategically placed six full-service, emergency departments in key geographic areas throughout the county in raleigh, cary, north raleigh, apex, brier creek, and garner.
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Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2022 990, line by line.
Download 990
| Line | Start FY22 | End FY22 |
|---|---|---|
| Cash and savingsLn 1–2 | $687.2M | $667.9M |
| InvestmentsLn 11–13 | $290.3M | $65.6M |
| Land, buildings, equipmentLn 10c | $554.8M | $575.4M |
| Total assetsLn 16 | $1.95B | $1.74B |
| LiabilitiesLn 26 | $979.0M | $993.3M |
| Net assetsLn 32 | $975.9M | $746.0M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $1.9M | $1.9M | ||
| Grants to domestic individualsLn 2 | $829K | $829K | ||
| Grants and assistance to foreign recipientsLn 3 | $0 | $0 | ||
| Benefits paid to or for membersLn 4 | $0 | $0 | ||
| Pay of current officers, directors and key staffLn 5 | $15.5M | $12.4M | $3.1M | $0 |
| Pay of disqualified personsLn 6 | $0 | $0 | $0 | $0 |
| Other salaries and wagesLn 7 | $787.7M | $669.5M | $118.2M | $0 |
| Pension plan contributionsLn 8 | $37.9M | $32.2M | $5.7M | $0 |
| Other employee benefitsLn 9 | $76.6M | $65.1M | $11.5M | $0 |
| Payroll taxesLn 10 | $52.3M | $44.4M | $7.8M | $0 |
| Management feesLn 11a | $0 | $0 | $0 | $0 |
| Legal feesLn 11b | $922K | $867K | $55K | $0 |
| Accounting feesLn 11c | $0 | $0 | $0 | $0 |
| Lobbying feesLn 11d | $488K | $459K | $29K | $0 |
| Professional fundraising feesLn 11e | $0 | $0 | ||
| Investment management feesLn 11f | $885K | $831K | $53K | $0 |
| Other fees for servicesLn 11g | $299.4M | $281.4M | $18.0M | $0 |
| Advertising and promotionLn 12 | $6.8M | $6.4M | $410K | $0 |
| Office expensesLn 13 | $53.8M | $50.6M | $3.2M | $0 |
| Information technologyLn 14 | $26.1M | $24.5M | $1.6M | $0 |
| RoyaltiesLn 15 | $0 | $0 | $0 | $0 |
| OccupancyLn 16 | $37.7M | $35.4M | $2.3M | $0 |
| TravelLn 17 | $1.2M | $1.2M | $73K | $0 |
| Travel and entertainment for public officialsLn 18 | $0 | $0 | $0 | $0 |
| Conferences, conventions and meetingsLn 19 | $1.3M | $1.3M | $80K | $0 |
| InterestLn 20 | $21.0M | $21.0M | $0 | $0 |
| Payments to affiliatesLn 21 | $0 | $0 | $0 | $0 |
| Depreciation, depletion and amortizationLn 22 | $79.3M | $79.3M | $0 | $0 |
| InsuranceLn 23 | $7.3M | $6.8M | $437K | $0 |
| Other expenses (24a–d)Ln 24 | $352.6M | $343.4M | $9.2M | $0 |
| All other expensesLn 24e | $46.3M | $43.5M | $2.8M | $0 |
| Total functional expensesLn 25 | $1.91B | $1.72B | $184.4M | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 | $2.3B | $2.3B | $11.6M | $885.9M | 990 PDF |
| FY2023 | $2.1B | $2.1B | −$24.8M | $767.6M | 990 PDF |
| FY2022 Viewing | $1.9B | $1.9B | −$1.8M | $746.0M | 990 PDF |
| FY2021 | $1.7B | $1.7B | $44.5M | $975.9M | 990 PDF |
| FY2020 | $1.5B | $1.5B | $42.9M | $863.1M | 990 PDF |
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Schedules filed Part IV
See the full FY2022 990 (4 parts)
Part VIII · Statement of revenue $1,905,941,318 across 16 lines filed
Part IX · Statement of functional expenses $1,907,775,364 across 31 lines filed
Part X · Balance sheet $1,739,298,787 assets, 22 lines filed
Part XI · Reconciliation of net assets $746,000,410 net assets at year end
Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File
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