Wakemed Group Return
Also known as Wake Medical Center Foundation
Wakemed Group Return reported $55.0 million in revenue and $62.0 million in expenses for the fiscal year ending September 30, 2025. Of every $100 it spent, $96.19 went to program services, $2.50 to management and general costs and $1.31 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 66.8% of the total. The highest compensation it reported for one person was $2,218,512 (PRESIDENT & CEO). Revenue rose 107% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending September 30, 2025 · Form 990, Part IX, line 25 · total expenses $62MFor context, the median across 5,634 covered health care charities: $86.19 programs, $13.81 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending September 30, 2025 · Form 990, Part VIII · total revenue $55MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 96.2% | 85.6% |
| Management & general Part IX 25(C) ÷ 25(A) | 2.5% | 13.7% |
| Fundraising Part IX 25(D) ÷ 25(A) | 1.3% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.06 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 26.8% | 1.3% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 0.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 66.8% | 93.7% |
| Highest reported compensation Part VII-A, columns D–F | $2,218,512 | $975,831 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 3.58% | 1.34% |
| People paid over $100,000 Part VII, line 2 | Not reported | 27 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 50.3 | 6.6 |
| Independent voting board members Part VI 1a–1b | 36 of 40 | 88.9% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseWakemed 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. Property services currently owns and maintains thirty-one (purchase of 200 ashville aves) properties (including land that is under development), and leases fifty-two properties (FY24 was 51). Multiple wakemed departments and physician practices occupy the owned and leased space including four free-standing emergency departments, two…
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 citizens of the community with the purpose of providing philanthropic support for numerous wakemed programs and services. The foundation has helped further wakemed's mission to the community
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT & CEO Officer, 0 hrs/week | $0 | $2,193,903 | $24,609 | $2,218,512 |
| PHYSICIAN Highest compensated employee, 0 hrs/week | $0 | $1,631,093 | $55,720 | $1,686,813 |
| PHYSICIAN Highest compensated employee, 0 hrs/week | $0 | $1,473,309 | $52,991 | $1,526,300 |
| PHYSICIAN Highest compensated employee, 0 hrs/week | $0 | $1,362,737 | $52,991 | $1,415,728 |
| PHYSICIAN Highest compensated employee, 0 hrs/week | $0 | $1,324,127 | $25,781 | $1,349,908 |
| PHYSICIAN Highest compensated employee, 0 hrs/week | $0 | $1,291,557 | $52,878 | $1,344,435 |
| BOD, WAKEMED FOUNDATION Director/trustee, 0.5 hrs/week | $0 | $901,340 | $52,991 | $954,331 |
| EVP & CHIEF OPERATING OFFICER Officer, 0 hrs/week | $0 | $682,875 | $21,132 | $704,007 |
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b40 · 36 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aNo
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18Yes
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 50
- Volunteers Part I, line 6160
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| MARLAMAR INC DBA CITY WIDE MAINTENANCE Janitorial services | $589,978 |
| GREENSCAPE Landscaping services | $537,105 |
| MG CAPITAL MAINTENANCE Janitorial services | $263,606 |
| INTERSTATE CONTRACTING CLEANING SERVICES INC Janitorial services | $250,033 |
Individuals listed as contractors are left out. 6 contractors were paid more than $100,000 in all.
Correct a figure or respond
Every number above is copied from Wakemed Group Return's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Wakemed Group Return, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Wakemed Group Return spent in FY2025, $96.19 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
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All health care charities · Largest charities in North Carolina
Questions people ask
How much of Wakemed Group Return's spending goes to programs?
In the fiscal year ending September 30, 2025, Wakemed Group Return reported that 96.2% of its $62.0 million in expenses went to program services, 2.5% to management and general and 1.3% to fundraising (Form 990, Part IX).
How much does Wakemed Group Return pay its top executive?
The largest total compensation Wakemed Group Return reported for one person in the fiscal year ending September 30, 2025 was $2,218,512, for the role of PRESIDENT & CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Wakemed Group Return get its money?
Of $55.0 million in revenue in the fiscal year ending September 30, 2025, 26.8% came from contributions and grants and 66.8% from program service revenue (Form 990, Part VIII).
Is Wakemed Group Return a registered charity?
The IRS lists EIN 90-0893457 as a 501(c)(3) organization (hospital or medical research organization), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending September 30, 2025, object 202632299349302488 · read the filing
- FY2024: Form 990 for the fiscal year ending September 30, 2024, object 202512269349303356 · read the filing
- FY2023: Form 990 for the fiscal year ending September 30, 2023, object 202412289349303211 · read the filing
- FY2022: Form 990 for the fiscal year ending September 30, 2022, object 202312279349305156 · read the filing
- FY2021: Form 990 for the fiscal year ending September 30, 2021, object 202232279349303358 · read the filing
- FY2020: Form 990 for the fiscal year ending September 30, 2020, object 202132229349300638 · read the filing
All filings for EIN 90-0893457: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.