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Nonprofit · EIN 56-6036688

MEDICAL FOUNDATION OF WAKE FOREST UNIVERSITY HEALTH SCIENCES AND THE

Also known as NC BAPTIST HOSPITALS INC

Tax-exempt · WINSTONSALEM, NC 27157

Financials

$72K$02023$158K$02024
Revenue Expenses · by fiscal year end
Financials of MEDICAL FOUNDATION OF WAKE FOREST UNIVERSITY HEALTH SCIENCES AND THE by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$157,650$0$157,650$12,821,831$59,623$12,762,208
December 31, 2023990$71,862$0$71,862$12,496,242$59,623$12,436,619
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$0
Investment income
$262,496
Net rental income
-$104,846
Net gain from sales of assets
$215,170
Other revenue
-$104,846

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0

Balance sheet and other

Total assets, start of year
$12,496,242
Total assets, end of year
$12,821,831
Total liabilities, end of year
$59,623
Net assets, end of year
$12,762,208
Land, buildings and equipment
$2,050,192
Net assets without donor restrictions
$12,762,208
Gross receipts
$262,496
Employees
0
Volunteers
3
Year formed
1952
State of legal domicile
NC

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
JULIE ANN FREISCHLAG MDTRUSTEE & PRESIDENT
Trustee or director, Officer
0.1$0$7,594,629$40,091
BRADLEY A CLARKTREASURER
Trustee or director, Officer
0.1$2,513,703$0$419,389
J MCLAIN WALLACE JRSECRETARY
Officer
0.1$1,659,102$0$30,227
990 for the year ended December 31, 2023: 3 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
JULIE ANN FREISCHLAG MDTRUSTEE & PRESIDENT
Trustee or director, Officer
0.1$0$5,194,069$50,088
BRADLEY A CLARKTRUSTEE & TREASURER
Officer
0.1$1,431,976$0$145,795
J MCLAIN WALLACE JRSECRETARY
Officer
0.1$983,574$0$35,934

Address and contacts

Address (IRS master file)
MEDICAL CENTER BOULEVARD, WINSTONSALEM, NC 27157-0001
In care of
% WACHOVIA BANK & TRUST COMPANY
Principal officer (990 for 2024)
JULIE A FREISCHLAG MD, MEDICAL CENTER BOULEVARD, WINSTONSALEM, NC 27157
Signed the 990
BRADLEY A CLARK, TREASURER
Phone
(336) 716-4445

Mission

SEE SCHEDULE OTO RENDER AID AND ASSISTANCE TO WAKE FOREST UNIVERSITY HEALTH SCIENCES (WFUHS) AND NORTH CAROLINA BAPTIST HOSPITAL (NCBH) IN THEIR PURSUITS BY APPROVED METHODS FOR THE PROMOTION OF MEDICAL SCIENCE AND MEDICAL KNOWLEDGE, THE PUBLICATION AND DISTRIBUTION OF LITERATURE, THE EDUCATION AND TRAINING OF PHYSICIANS, NURSES, TECHNICIANS, AND SCIENTISTS FOR PRACTICE OR EMPLOYMENT WITHIN NORTH CAROLINA AND ELSEWHERE, AND IMPROVE THE QUALITY OF TRAINING AND SERVICE RENDERED.

990 for the year ended December 31, 2024

Program accomplishments

  • TO RENDER AID AND ASSISTANCE TO WFUHS AND NCBH IN THEIR PURSUITS BY APPROVED METHODS FOR THE PROMOTION OF MEDICAL SCIENCE AND MEDICAL KNOWLEDGE, THE PUBLICATION AND DISTRIBUTION OF LITERATURE, THE EDUCATION AND TRAINING OF PHYSICIANS, NURSES, TECHNICIANS, AND SCIENTISTS FOR PRACTICE OR EMPLOYMENT WITHIN NORTH CAROLINA AND ELSEWHERE, AND IMPROVE THE QUALITY OF TRAINING AND SERVICE RENDERED.

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
56-6036688
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Supporting organization (509(a)(3))
Donations deductible (Pub 78)
Supporting organization of unknown type
Exempt since
1953
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Health care (E60)
Assets (IRS master file)
$12,821,831
Income (IRS master file)
$262,496

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$157,650$0$12,821,831IRS
990December 2023$71,862$0$12,496,242XML
990December 2022$11,953$0$12,150,271IRS
990December 2021–––IRS
990June 2021–––IRS
990June 2020–––IRS
990June 2019–––IRS
990June 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 56-6036688).

Questions about MEDICAL FOUNDATION OF WAKE FOREST UNIVERSITY HEALTH SCIENCES AND THE

What is the EIN of MEDICAL FOUNDATION OF WAKE FOREST UNIVERSITY HEALTH SCIENCES AND THE?
The employer identification number (EIN) of MEDICAL FOUNDATION OF WAKE FOREST UNIVERSITY HEALTH SCIENCES AND THE is 56-6036688.
Is MEDICAL FOUNDATION OF WAKE FOREST UNIVERSITY HEALTH SCIENCES AND THE tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1953.
Are donations to MEDICAL FOUNDATION OF WAKE FOREST UNIVERSITY HEALTH SCIENCES AND THE tax-deductible?
Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
Which annual return does MEDICAL FOUNDATION OF WAKE FOREST UNIVERSITY HEALTH SCIENCES AND THE file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of MEDICAL FOUNDATION OF WAKE FOREST UNIVERSITY HEALTH SCIENCES AND THE due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did MEDICAL FOUNDATION OF WAKE FOREST UNIVERSITY HEALTH SCIENCES AND THE last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of MEDICAL FOUNDATION OF WAKE FOREST UNIVERSITY HEALTH SCIENCES AND THE?
The 990 for the year ended December 31, 2024 names JULIE A FREISCHLAG MD.
Who are the officers and directors of MEDICAL FOUNDATION OF WAKE FOREST UNIVERSITY HEALTH SCIENCES AND THE?
The 990 for the year ended December 31, 2024 lists 3 people; 2 received compensation from the organization.
How much revenue does MEDICAL FOUNDATION OF WAKE FOREST UNIVERSITY HEALTH SCIENCES AND THE have?
On its 990 for the year ended December 31, 2024 it reported revenue of $157,650, expenses of $0 and total assets of $12,821,831 at year end.

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