Wake Forest University Baptist Medical Center

Organization Overview

Wake Forest University Baptist Medical Center is located in Winstonsalem, NC. The organization was established in 1976. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. As of 12/2021, Wake Forest University Baptist Medical Center employed 22,272 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wake Forest University Baptist Medical Center 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 06/2021, Wake Forest University Baptist Medical Center generated $206.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 41.3% each year . All expenses for the organization totaled $151.0m during the year ending 06/2021. While expenses have increased by 29.4% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO IMPROVE HEALTH, ELEVATE HOPE, AND ADVANCE HEALING FOR ALL

Describe the Organization's Program Activity:

Part 3 - Line 4a

SEE SCHEDULE O


SEE SCHEDULE O


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Metro Aviation Inc
Aviation Services
$4,391,336
Cornerstone Health Enablement Strategic
Healthcare Management Services
$1,289,365
Trimedx Holdings Llc
Clinical Engineering Services
$424,049
Magnolia Construction Llc
Construction Services
$403,651
Landmark Builders Of The Triad Inc
Construction Services
$310,169
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$70,000,000
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$460,000
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$70,460,000
Total Program Service Revenue$134,503,076
Investment income $1,124,462
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$25,701
Net Gain/Loss on Asset Sales -$115,138
Net Income from Fundraising Events -$5,974
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $205,958,249

Grants Awarded

Over the last fiscal year, Wake Forest University Baptist Medical Center has awarded $94,800 in support to 2 organizations.

Grant RecipientAmount

UNITED WAY OF GREATER HIGH POINT

Org PageRecipient Profile

High Point, NC

PURPOSE: COMMUNITY SUPPORT

$87,500

UNITED WAY OF FORSYTH COUNTY

Org PageRecipient Profile

Winstonsalem, NC

PURPOSE: COMMUNITY SUPPORT

$7,300
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 8 grants that Wake Forest University Baptist Medical Center has recieved totaling $2,293,811.

Awarding OrganizationAmount
Winston-Salem Foundation

Winstonsalem, NC

PURPOSE: 167 GRANT(S) FOR VARYING PURPOSES

$2,049,004
Brain Foundation

Pleasanton, CA

PURPOSE: MEDICAL RESEARCH

$100,000
Dementia Alliance Of North Carolina Inc

Raleigh, NC

PURPOSE: RESEARCH

$50,000
North Carolina Association Of Free And Charitable Clinics Inc

Winston Salem, NC

PURPOSE: Increase avail of healthcare to uninsured of NC or CRF for COVID-19 related costs

$33,607
Sara Smith Self Foundation

Winstonsalem, NC

PURPOSE: FOR THE CC SMITH STROKE FUND FOR STROKE RESEARCH

$25,000
Foundation Forsurgical Fellowships

Los Angeles, CA

PURPOSE: General Support

$20,000
View Grant Recipient Profile

Endowment Analysis

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