Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1967.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
96 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
78 people listed on the 990.
Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Bod, Wakemed Foundation
$0Pt VII · Sec A
Bod, Wakemed Foundation (until 12/31/2024)
$0Pt VII · Sec A
Bod, Wakemed Foundation
$0Pt VII · Sec A
Treasurer, Bod, Wakemed Foundation
$0Pt VII · Sec A
Bod, Wakemed Foundation
$0Pt VII · Sec A
Bod, Wakemed Property Services
$0Pt VII · Sec A
Bod, Wakemed Property Services
$0Pt VII · Sec A
Bod, Wakemed Foundation
$0Pt VII · Sec A
Bod, Wakemed Property Services (from 8/05/2025)
$0Pt VII · Sec A
Secretary, Bod, Wakemed Foundation
$0Pt VII · Sec A
Vice Chair, Bod, Wakemed Foundation
$0Pt VII · Sec A
Bod, Wakemed Foundation
$0Pt VII · Sec A
Bod, Wakemed Foundation
$0Pt VII · Sec A
Bod, Wakemed Property Services
$0Pt VII · Sec A
Bod, Wakemed Property Services
$0Pt VII · Sec A
Bod, Wakemed Foundation (until 12/31/24)
$0Pt VII · Sec A
Treasurer, Bod, Wakemed Foundation (until 12/31/24)
$0Pt VII · Sec A
Bod, Wakemed Foundation
$0Pt VII · Sec A
Bod, Wakemed Foundation
$0Pt VII · Sec A
Bod, Wakemed Foundation
$0Pt VII · Sec A
Bod, Foundation
$0Pt VII · Sec A
Bod, Wakemed Foundation (until 12/31/24)
$0Pt VII · Sec A
Bod, Wakemed Foundation
$0Pt VII · Sec A
Bod, Wakemed Foundation
$0Pt VII · Sec A
Bod, Wakemed Property Services
$0Pt VII · Sec A
Bod, Wakemed Foundation
$0Pt VII · Sec A
Bod, Wakemed Property Services
$0Pt VII · Sec A
Bod, Wakemed Foundation
$0Pt VII · Sec A
Vice Chair, Bod, Wakemed Property Services
$0Pt VII · Sec A
Bod, Wakemed Foundation
$0Pt VII · Sec A
Secretary, Bod, Wakemed Property Services
$0Pt VII · Sec A
Bod, Wakemed Foundation
$0Pt VII · Sec A
Bod, Wakemed Property Services
$0Pt VII · Sec A
Bod, Wakemed Property Services
$0Pt VII · Sec A
Bod, Wakemed Foundation (until 12/31/24)
$0Pt VII · Sec A
Bod, Wakemed Foundation
$0Pt VII · Sec A
Bod, Wakemed Foundation
$0Pt VII · Sec A
Bod, Wakemed Foundation
$0Pt VII · Sec A
Bod, Wakemed Foundation
$0Pt VII · Sec A
Bod, Wakemed Property Services (until 5/25/25)
$0Pt VII · Sec A
Bod, Wakemed Foundation
$0Pt VII · Sec A
Bod, Wakemed Property Services
$0Pt VII · Sec A
Chair, Bod, Wakemed Foundation
$0Pt VII · Sec A
Bod, Wakemed Property Services
$0Pt VII · Sec A
Chair, Bod, Wakemed Property Services
$0Pt VII · Sec A
VP, Compliance & Privacy Officer Interim
$0Pt VII · Sec A
Officer-Secretary
$0Pt VII · Sec A
President & CEO
$0Pt VII · Sec A
EVP & Chief Financial Officer
$0Pt VII · Sec A
EVP & Chief Operating Officer
$0Pt VII · Sec A
VP & Chief Legal Officer
$0Pt VII · Sec A
SVP, Strategic Ventures & Ambulatory Operations
$0Pt VII · Sec A
Chief Medical Officer, Raleigh
$0Pt VII · Sec A
VP, Governmental Affairs
$0Pt VII · Sec A
SVP, Operations & Cno
$0Pt VII · Sec A
VP, Marketing & Communications
$0Pt VII · Sec A
Chief Medical Officer, Cary Administration
$0Pt VII · Sec A
VP, Payor Strategy & Managed Care Contracting
$0Pt VII · Sec A
VP, Revenue Cycle (until 9/24/2025)
$0Pt VII · Sec A
SVP, Human Resources & Chief People Officer
$0Pt VII · Sec A
VP, Medical Information
$0Pt VII · Sec A
Chief Medical Officer, North
$0Pt VII · Sec A
Chief Medical Officer, Mental Health & Well-Being
$0Pt VII · Sec A
VP & Chief Information Officer
$0Pt VII · Sec A
SVP & Administrator Raleigh
$0Pt VII · Sec A
VP & Chief Strategy Officer
$0Pt VII · Sec A
VP, Facilities & Construction
$0Pt VII · Sec A
SVP & Administrator Cary
$0Pt VII · Sec A
SVP & Administrator North
$0Pt VII · Sec A
VP, Nursing
$0Pt VII · Sec A
Physician
$0Pt VII · Sec A
Physician
$0Pt VII · Sec A
Physician
$0Pt VII · Sec A
Physician
$0Pt VII · Sec A
Physician
$0Pt VII · Sec A
SVP & Chief Quality Officer, Bod, Wakemed Foundation
$0Pt VII · Sec A
Former Secretary (until 2/07/2023)
$0Pt VII · Sec A
EVP, Chief Physician Executive
$0Pt VII · Sec A
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 15aNo
Programs and updates
Provides philanthropic support, fundraising, and community education to help a local health system deliver quality, compassionate healthcare and medical services to all citizens.
Questions for Wakemed Group Return
Your first name shows with your question. Wakemed Group Return answers here, for everyone.
2 programs · $59.6M · in their own filed words · FY2024
01
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.
$53.1Mprogram expense
02
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…
$6.5Mprogram expense
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
Schedule I · this organization's grantmaking
Grants paid · 35 grants · $2.9M · 2019–2024
Parent-WakemedNC · FY2024$253,122
Unitemized GrantFY2024$177,407
Safe ChildNC · FY2024$50,000
Me Fine FoundationNC · FY2024$30,000
Wake Emergency Physicians PAFY2024$21,347
Parent-WakemedNC · FY2023$270,400
Unitemized GrantFY2023$118,443
Safe ChildNC · FY2023$50,000
Wake Emergency Physicians PAFY2023$12,960
Parent-WakemedNC · FY2022$291,488
Meals on Wheels of Wake County INCNC · FY2022$125,000
Unitemized GrantFY2022$115,077
Wake County Medical Society Community Health Foundation INCNC · FY2022$100,000
Inter-Faith Food ShuttleNC · FY2022$72,500
Food Bank of Central & Eastern North Carolina INCNC · FY2022$52,500
Safe ChildNC · FY2022$50,000
Me Fine FoundationNC · FY2022$15,000
Wake Emergency Physicians PAFY2022$9,985
By the numbers
The FY2025 990, line by line.
Download 990
1The main four
Money inPt VIII
$55.0M
Ln 12
Fees for servicesLn 2g$36.7M
Gifts and grantsLn 1h$14.7M
Investment incomeLn 3$3.2M
Money outPt IX
$62.0M
Ln 25
Programscol B$59.6M
Managementcol C$1.6M
Fundraisingcol D$813K
Owns and owesPt X
$259.7M
net assets · Ln 32
Cash and savingsLn 1–2$7.4M
Total assetsLn 16$516.6M
LiabilitiesLn 26$256.9M
PeoplePt VI, VII
78
listed · VII A
PaidVII A0
Voting boardVI 1a40
IndependentVI 1b36
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$14.7M
Noncash giftsLn 1g$1.6M
Fees for servicesLn 2g$36.7M
Investment incomeLn 3$3.2M
Other incomeLn 4–11$380K
Gains on assetsLn 7$994K
Total revenueLn 12$55.0M
Assets in detailPt X, end of year
CashLn 1$1.6M
SavingsLn 2$5.8M
Cash and savings togetherLn 1–2$7.4M
Pledges and grants receivableLn 3$13.4M
Accounts receivableLn 4$2.1M
Notes and loans receivableLn 7$6.6M
Prepaid expenses and deferred chargesLn 9$1.2M
Land, buildings, equipmentLn 10c$433.8M
InvestmentsLn 11–13$51.9M
Other assetsLn 15$259K
Total assetsLn 16$516.6M
LiabilitiesLn 26$256.9M
Net assetsLn 32$259.7M
OperationsPt I, VI
EmployeesI 50
VolunteersI 6160
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$1.6M
Investment feesPt IX, Sch D
Investment fees, as reportedPt IX 11f$122K
Share of the $5.5M endowmentSch D 1g2.2%
Typical, median of 2,202 orgs0.44%
EndowmentSch D · Pt V
| Line | FY25 | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|
| End of yearLn 1g | $5.5M | $4.8M | $4.5M | $4.4M | $4.8M |
| Given inLn 1b | $504K | $0 | $1K | $70K | $50K |
| SpentLn 1d–1f | $98K | $22K | $99K | $80K | $57K |
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $4.4M | $7.4M |
| InvestmentsLn 11–13 | $47.2M | $51.9M |
| Land, buildings, equipmentLn 10c | $408.5M | $433.8M |
| Total assetsLn 16 | $481.0M | $516.6M |
| LiabilitiesLn 26 | $224.0M | $256.9M |
| Net assetsLn 32 | $257.0M | $259.7M |
5Every line
Statement of functional expensesPt IX · every line
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $354K | $354K | ||
| Grants to domestic individualsLn 2 | $177K | $177K | ||
| Other salaries and wagesLn 7 | $2.2M | $1.1M | $485K | $537K |
| Pension plan contributionsLn 8 | $66K | $15K | $24K | $27K |
| Other employee benefitsLn 9 | $115K | $30K | $40K | $44K |
| Payroll taxesLn 10 | $85K | $22K | $30K | $33K |
| Legal feesLn 11b | $6K | $6K | ||
| Accounting feesLn 11c | $10K | $10K | ||
| Professional fundraising feesLn 11e | $127K | $127K | ||
| Investment management feesLn 11f | $122K | $122K | ||
| Other fees for servicesLn 11g | $4.6M | $4.5M | $32K | $31K |
| Advertising and promotionLn 12 | $4K | $4K | ||
| Office expensesLn 13 | $578K | $163 | $569K | $9K |
| Information technologyLn 14 | $135K | $135K | ||
| OccupancyLn 16 | $10.2M | $10.2M | ||
| TravelLn 17 | $10K | $10K | ||
| Conferences, conventions and meetingsLn 19 | $238 | $238 | ||
| InterestLn 20 | $10.3M | $10.3M | $654 | |
| Payments to affiliatesLn 21 | $5.1M | $5.1M | ||
| Depreciation, depletion and amortizationLn 22 | $22.3M | $22.3M | $9K | |
| InsuranceLn 23 | $427K | $427K | ||
| Other expenses (24a–d)Ln 24 | $5.1M | $5.1M | ||
| All other expensesLn 24e | $76K | $0 | $76K | $0 |
| Total functional expensesLn 25 | $62.0M | $59.6M | $1.6M | $813K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest ViewingFiled with the IRS Aug 17, 2026 | $55.0M | $62.0M | −$7.0M | $259.7M | 990 PDF |
| FY2024Filed with the IRS Aug 14, 2025 | $44.6M | $52.0M | −$7.4M | $257.0M | 990 PDF |
| FY2023Filed with the IRS Aug 15, 2024 | $32.5M | $40.9M | −$8.4M | $281.9M | 990 PDF |
| FY2022Filed with the IRS Aug 15, 2023 | $32.1M | $39.6M | −$7.5M | $288.8M | 990 PDF |
| FY2021Filed with the IRS Aug 15, 2022 | $30.1M | $31.7M | −$1.6M | $305.1M | 990 PDF |
| FY2020Filed with the IRS Aug 10, 2021 | $26.6M | $27.6M | −$1.1M | $285.4M | 990 PDF |
Schedules filed Part IV
III · Programs
R · Related orgs
G · Fundraising
L · Interested persons
I · Grants
A · Public support
M · Noncash
O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $54,991,401 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $10,902,049$14,731,351
I-9 Program service revenuePrior year $31,357,580$36,728,798
I-10 Investment incomePrior year $2,065,450$3,151,027
I-11 Other revenuePrior year $269,825$380,225
I-12 Total revenuePrior year $44,594,904$54,991,401
I-13 Grants and similar amounts paidPrior year $451,803$531,876
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $2,200,974$2,425,796
I-16a Professional fundraising feesPrior year $7,000$127,220
I-17 Other expensesPrior year $49,294,352$58,906,634
I-18 Total expensesPrior year $51,954,129$61,991,526
I-19 Revenue less expensesPrior year −$7,359,225−$7,000,125
Part VI · Governance 36 of 40 board members independent, 1 to look at
VI-1a Voting members of the governing body40
VI-1b Independent voting members36
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $54,991,401 across 9 lines filed
Lines not itemized here account for $164 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$14,731,351
VIII-1g Noncash contributions (included above)$1,574,887
VIII-1h Total contributions, gifts and grants$14,731,351
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $36,728,798$36,728,798
VIII-3 Investment incomeExcluded from tax $2,157,008$2,157,008
VIII-7 Net gain or loss on sales of assetsExcluded from tax $994,019$994,019
VIII-8 Net income from fundraising eventsExcluded from tax $13,895$13,895
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $366,166$366,166
VIII-12 Total revenueRelated to mission $37,095,128 · Unrelated business $0 · Excluded from tax $3,164,922$54,991,401
Part IX · Statement of functional expenses $61,991,526 across 23 lines filed
IX-1 Grants to domestic organizationsPrograms $354,469$354,469
IX-2 Grants to domestic individualsPrograms $177,407$177,407
IX-7 Other salaries and wagesPrograms $1,138,029 · Management $484,927 · Fundraising $537,076$2,160,032
IX-8 Pension plan contributionsPrograms $15,343 · Management $24,070 · Fundraising $26,658$66,071
IX-9 Other employee benefitsPrograms $30,298 · Management $40,062 · Fundraising $44,369$114,729
IX-10 Payroll taxesPrograms $21,689 · Management $30,023 · Fundraising $33,252$84,964
IX-11b Legal feesManagement $6,481$6,481
IX-11c Accounting feesManagement $10,000$10,000
IX-11e Professional fundraising feesFundraising $127,220$127,220
IX-11f Investment management feesManagement $122,283$122,283
IX-11g Other fees for servicesPrograms $4,533,536 · Management $32,026 · Fundraising $31,286$4,596,848
IX-12 Advertising and promotionFundraising $3,664$3,664
IX-13 Office expensesPrograms $163 · Management $569,157 · Fundraising $9,165$578,485
IX-14 Information technologyManagement $135,003$135,003
IX-16 OccupancyPrograms $10,186,158$10,186,158
IX-17 TravelManagement $10,183$10,183
IX-19 Conferences, conventions and meetingsManagement $238$238
IX-20 InterestPrograms $10,275,528 · Management $654$10,276,182
IX-21 Payments to affiliatesPrograms $5,093,377$5,093,377
IX-22 Depreciation, depletion and amortizationPrograms $22,306,053 · Management $8,646$22,314,699
IX-23 InsurancePrograms $426,969$426,969
IX-24 Other expenses (24a–d)Programs $5,069,716$5,069,716
IX-24e All other expensesPrograms $0 · Management $76,348 · Fundraising $0$76,348
IX-25 Total functional expensesPrograms $59,628,735 · Management $1,550,101 · Fundraising $812,690$61,991,526
Part X · Balance sheet $516,598,720 assets, 22 lines filed
X-1 Cash, non-interest-bearingStart of year $3,287,149$1,597,290
X-2 Savings and temporary cash investmentsStart of year $1,133,911$5,803,380
X-3 Pledges and grants receivableStart of year $7,619,258$13,401,283
X-4 Accounts receivableStart of year $9,392,430$2,077,217
X-5 Loans to officers and key peopleStart of year $0$0
X-6 Loans to other insidersStart of year $0$0
X-7 Notes and loans receivableStart of year $2,558,927$6,568,135
X-9 Prepaid expenses and deferred chargesStart of year $1,147,181$1,152,451
X-10c Land, buildings and equipment, netStart of year $408,466,877$433,845,016
X-11 Publicly traded securitiesStart of year $42,484,677$46,992,570
X-13 Program-related investmentsStart of year $4,695,596$4,902,014
X-15 Other assetsStart of year $247,726$259,364
X-16 Total assetsStart of year $481,033,732$516,598,720
X-17 Accounts payable and accrued expensesStart of year $15,080,172$15,966,141
X-19 Deferred revenueStart of year $44,923$7,635,142
X-22 Loans from officers and insidersStart of year $0$0
X-25 Other liabilitiesStart of year $208,914,920$233,303,405
X-26 Total liabilitiesStart of year $224,040,015$256,904,688
X-27 Net assets without donor restrictionsStart of year $202,097,256$208,180,498
X-28 Net assets with donor restrictionsStart of year $54,896,461$51,513,534
X-32 Total net assets or fund balancesStart of year $256,993,717$259,694,032
X-33 Total liabilities and net assetsStart of year $481,033,732$516,598,720
Part XI · Reconciliation of net assets $259,694,032 net assets at year end
XI-1 Total revenue$54,991,401
XI-2 Total expenses$61,991,526
XI-3 Revenue less expenses−$7,000,125
XI-4 Net assets at start of year$256,993,717
XI-5 Net unrealized gains (losses) on investments$528,924
XI-9 Other changes in net assets$9,171,516
XI-10 Net assets at end of year$259,694,032
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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