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Wake Forest Innovation Quarter Cdc

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Community Improvement, Capacity Building / Economic Development (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$75.2k (2023)

Expenses
$10.8k (2023)

Total Assets
$30.5M (2023)

Total Liabilities
$338k (2023)

Years with multiple filings
Source: Form 990 tax filings from 2011 to 2023

Tax Filings and Audits by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Audits are required to be submitted by nonprofit organizations that spend $750,000 or more in federal grant money in a fiscal year. "Single audits" look at the entire organization's finances and compliance, while other audits are program specific. Nonprofit Explorer has PDFs of audits for some nonprofits for fiscal year 2015 and later. Audit data is from the Federal Audit Clearinghouse.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$75,240
Expenses
$10,771
Net Income
$64,469
Net Assets
$30,156,166
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $240
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $75,000
99.7%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $30,493,666
Total Liabilities $337,500
Net Assets $30,156,166
Compensation
Key Employees and Officers Compensation Related Other
J Mclain Wallace Jr (Director, Vp & Treasurer) $983,574 $0 $35,934
Susan R Wente Phd (Director & Chair) $0 $1,473,696 $325,680
Terry L Hales Jr (Director & President) $0 $867,249 $56,067
J Reid Morgan (Secretary (To 6/30/23)) $0 $690,571 $108,874
Anita Conrad (Asst Secretary (To 10/31/23)) $0 $218,902 $42,998
Allen Joines (Director) $0 $0 $0
C Douglas Maynard Md (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$75,036
Expenses
$358
Net Income
$74,678
Net Assets
$30,091,697
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $36
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $75,000
100.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $30,504,197
Total Liabilities $412,500
Net Assets $30,091,697
Compensation
Key Employees and Officers Compensation Related Other
J Mclain Wallace Jr (Director, Vp & Treasurer) $984,139 $0 $159,721
Allen Joines (Director) $0 $0 $0
C Douglas Maynard Md (Director) $0 $0 $0
Susan R Wente Phd (Director, Chair) $0 $1,398,169 $314,071
Terry L Hales Jr (Director, President) $0 $819,018 $146,647
Anita M Conrad (Asst Secretary) $0 $201,322 $43,395
J Reid Morgan (Secretary) $0 $647,740 $142,213
Nathan O Hatch Phd (Former Officer (6/30/21)) $0 $965,961 $59,341

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3
Expenses
$28,352
Net Income
-$28,349
Net Assets
$30,017,019
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $3
100%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $30,504,519
Total Liabilities $487,500
Net Assets $30,017,019
Compensation
Key Employees and Officers Compensation Related Other
Allen Joines (Director) $0 $0 $0
C Douglas Maynard Md (Director) $0 $0 $0
J Mclain Wallace Jr (Director, Vp & Treasurer) $0 $0 $0
Susan R Wente Phd (Director, Chair (Fr 7/1/21)) $0 $692,191 $156,642
Terry L Hales Jr (Director, President) $0 $775,775 $153,934
Anita M Conrad (Asst Secretary) $0 $205,155 $42,128
J Reid Morgan (Secretary) $0 $1,218,034 $102,296
Nathan O Hatch Phd (Former Officer (As Of 6/30/21)) $0 $1,893,057 $67,467

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$75,181
Expenses
$74,394
Net Income
$787
Net Assets
$30,045,368
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $6
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $75,000
99.8%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $175
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $30,537,629
Total Liabilities $492,261
Net Assets $30,045,368
Compensation
Key Employees and Officers Compensation Related Other
Nathan O Hatch Phd (Director, Chair (To 6/30/21)) $0 $1,524,226 $201,227
Terry L Hales Jr (Director, President) $0 $631,751 $137,670
Allen Joines (Director) $0 $0 $0
C Douglas Maynard Md (Director) $0 $0 $0
J Mclain Wallace Jr (Director, Vp & Treasurer) $0 $0 $0
J Reid Morgan (Secretary) $0 $659,852 $140,201
Anita M Conrad (Asst Secretary) $0 $191,046 $41,640

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$75,582
Expenses
$35,545
Net Income
$40,037
Net Assets
$30,044,581
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $22
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $75,000
99.2%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $560
0.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $30,607,081
Total Liabilities $562,500
Net Assets $30,044,581
Compensation
Key Employees and Officers Compensation Related Other
Nathan O Hatch Phd (Director, Chair) $0 $1,665,827 $352,861
J Reid Morgan (Secretary) $0 $655,028 $166,975
Terry L Hales Jr (Director, President) $0 $632,319 $138,769
Eric Tomlinson Dsc Phd (Former Officer (3 1 2018)) $0 $439,108 $2,522
Anita M Conrad (Asst Secretary) $0 $195,239 $39,637
Allen Joines (Director) $0 $0 $0
C Douglas Maynard Md (Director) $0 $0 $0
J Mclain Wallace Jr (Director, Vp & Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$75,397
Expenses
$48,201
Net Income
$27,196
Net Assets
$30,004,544
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $75,000
99.5%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $397
0.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $30,642,229
Total Liabilities $637,685
Net Assets $30,004,544
Compensation
Key Employees and Officers Compensation Related Other
Terry L Hales Jr (Director, President (As Of 8 8 18)) $0 $579,912 $68,917
Nathan O Hatch Phd (Director, Chair) $0 $1,987,864 $387,831
Allen Joines (Director) $0 $0 $0
C Douglas Maynard Md (Director) $0 $0 $0
J Mclain Wallace Jr (Director, Vp & Treas (As Of 8 8 18)) $0 $0 $0
J Reid Morgan (Secretary) $0 $560,012 $187,816
Anita M Conrad (Asst Secretary) $0 $194,592 $39,096
Eric Tomlinson Dsc Phd (Former Director/Officer) $0 $663,211 $25,376

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$216,186
Expenses
$11,995
Net Income
$204,191
Net Assets
$29,977,348
Notable Sources of Revenue Percent of Total Revenue
Contributions $141,186
65.3%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $75,000
34.7%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $30,767,902
Total Liabilities $790,554
Net Assets $29,977,348
Compensation
Key Employees and Officers Compensation Related Other
Nathan O Hatch Phd (Board Chair) $0 $1,405,146 $480,383
Allen Joines (Director) $0 $0 $0
C Douglas Maynard Md (Director) $0 $0 $0
Eric Tomlinson Dsc Phd (Director & Pres (To 3/1/18)) $0 $694,716 $35,598
Terry L Hales Jr (Vice President & Treasurer) $0 $594,630 $53,599
J Reid Morgan (Secretary) $0 $528,855 $182,806
Anita M Conrad (Assistant Secretary) $0 $184,521 $38,363

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,081,359
Expenses
$1,606,253
Net Income
$2,475,106
Net Assets
$29,773,157
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,969,566
97.3%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $150,283
3.7%
Net Fundraising $0
Sales of Assets -$38,490
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $30,560,657
Total Liabilities $787,500
Net Assets $29,773,157
Compensation
Key Employees and Officers Compensation Related Other
Nathan O Hatch Phd (Board Chair) $0 $1,023,612 $662,475
Allen Joines (Director) $0 $0 $0
C Douglas Maynard Md (Director) $0 $0 $0
John D Mcconnell Md (Director (To 4 26 17)) $0 $2,031,055 $266,426
Eric Tomlinson Dsc Ph D (Director & President) $0 $799,427 $111,994
Terry L Hales Jr (Vice President & Treasurer) $0 $470,129 $119,381
J Reid Morgan (Secretary) $0 $560,584 $142,553
Anita M Conrad (Assistant Secretary) $0 $176,800 $36,047

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$611,333
Expenses
$161,861
Net Income
$449,472
Net Assets
$27,298,051
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,200
0.2%
Program Services $610,133
99.8%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $28,241,735
Total Liabilities $943,684
Net Assets $27,298,051
Compensation
Key Employees and Officers Compensation Related Other
J Reid Morgan (Director & Secretary) $0 $510,246 $97,801
Susan Pauly Phd (Director) $0 $0 $0
Nathan O Hatch Phd (Board Chair) $0 $3,941,320 $287,707
Allen Joines (Director) $0 $0 $0
Joycelyn V Johnson (Director) $0 $0 $0
Victor I Flow Jr (Director) $0 $0 $0
Murray C Greason Jr (Director) $0 $0 $0
Robert E Greene (Director) $0 $0 $0
Donald J Reaves Phd (Director) $0 $0 $0
C Douglas Maynard Md (Director) $0 $0 $0
J Walter Mcdowell Iii (Director) $0 $0 $0
Gloria D Whisenhunt (Director) $0 $0 $0
John D Mcconnell Md (Director) $0 $2,031,489 $252,556
Alfred G Adams (Director) $0 $0 $0
Eric Tomlinson Dsc Phd (Director & President) $0 $549,802 $103,489
Terry L Hales Jr (Vice President & Treasurer) $0 $481,853 $102,471
Anita M Conrad (Assistant Secretary) $0 $168,791 $34,394
William B Applegate Md (Former Director & Officer) $0 $242,496 $32,243

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
-$285,033
Expenses
$91,432
Net Income
-$376,465
Net Assets
$26,848,579
Notable Sources of Revenue Percent of Total Revenue
Contributions $864
Program Services $107,793
Investment Income $1
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$393,691
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $27,792,263
Total Liabilities $943,684
Net Assets $26,848,579
Compensation
Key Employees and Officers Compensation Related Other
J Reid Morgan (Director & Secretary) $0 $478,079 $110,947
Susan Pauly Phd (Director) $0 $0 $0
Nathan O Hatch Phd (Board Chair) $0 $1,023,508 $433,311
Allen Joines (Director) $0 $0 $0
Joycelyn V Johnson (Director) $0 $0 $0
Victor I Flow Jr (Director) $0 $0 $0
Murray C Greason Jr (Director) $0 $0 $0
Robert E Greene (Director) $0 $0 $0
Donald J Reaves Phd (Director) $0 $0 $0
C Douglas Maynard Md (Director) $0 $0 $0
J Walter Mcdowell Iii (Director) $0 $0 $0
Gloria D Whisenhunt (Director) $0 $0 $0
John D Mcconnell Md (Director) $0 $1,551,136 $232,372
Alfred G Adams (Director) $0 $0 $0
Eric Tomlinson Dsc Phd (Director & President) $0 $548,647 $94,369
Terry L Hales Jr (Vice President & Treasurer) $0 $401,630 $93,389
Anita M Conrad (Assistant Secretary) $0 $163,282 $32,713
William B Applegate Md (Former Director & Officer) $0 $254,397 $24,303

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$129,828
Expenses
$177,479
Net Income
-$47,651
Net Assets
$27,225,044
Notable Sources of Revenue Percent of Total Revenue
Contributions $50,000
38.5%
Program Services $75,000
57.8%
Investment Income $2
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $4,826
3.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $30,456,028
Total Liabilities $3,230,984
Net Assets $27,225,044
Compensation
Key Employees and Officers Compensation Related Other
J Reid Morgan (Director & Secretary) $0 $468,408 $94,436
Susan Pauly Phd (Director) $0 $0 $0
Nathan O Hatch Phd (Board Chair) $0 $1,018,764 $389,496
Allen Joines (Director) $0 $0 $0
Joycelyn V Johnson (Director) $0 $0 $0
Victor I Flow Jr (Director) $0 $0 $0
Murray C Greason Jr (Director) $0 $0 $0
Robert E Greene (Director) $0 $0 $0
Donald J Reaves Phd (Director) $0 $0 $0
C Douglas Maynard Md (Director) $0 $0 $0
J Walter Mcdowell Iii (Director) $0 $0 $0
Gloria D Whisenhunt (Director) $0 $0 $0
John D Mcconnell Md (Director) $0 $1,019,933 $732,938
Alfred G Adams (Director) $0 $0 $0
Eric Tomlinson Dsc Phd (Director & President) $0 $542,255 $79,923
Terry L Hales Jr (Vice President & Treasurer) $0 $366,527 $87,053
Anita M Conrad (Assistant Secretary) $0 $160,206 $30,855
Douglas L Edgeton (Former Director & Officer) $0 $495,405 $245
William B Applegate Md (Former Director & Officer) $0 $420,742 $37,722

Document Links

Fiscal Year Ending Dec.
2013

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$625,658
Expenses
$364,349
Net Income
$261,309
Net Assets
$27,272,695
Notable Sources of Revenue Percent of Total Revenue
Contributions $380
0.1%
Program Services $75,000
12.0%
Investment Income $5
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $16,366
2.6%
Net Fundraising $0
Sales of Assets $532,710
85.1%
Net Inventory Sales $0
Other Revenue $1,197
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $30,372,354
Total Liabilities $3,099,659
Net Assets $27,272,695

No Document Links

The IRS has provided extracted financial data for this filing, but has not yet released the source documents.

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$67,386
Expenses
$357,811
Net Income
-$290,425
Net Assets
$27,011,386
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $37,500
55.6%
Investment Income $16
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $28,592
42.4%
Net Fundraising $0
Sales of Assets -$4,680
Net Inventory Sales $0
Other Revenue $5,958
8.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $40,421,541
Total Liabilities $13,410,155
Net Assets $27,011,386

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
-$443,100
Expenses
$582,488
Net Income
-$1,025,588
Net Assets
$27,301,811
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,079,896
Program Services $0
Investment Income $5,979
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$2,562,128
Net Inventory Sales $0
Other Revenue $33,153
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $40,558,599
Total Liabilities $13,256,788
Net Assets $27,301,811

Document Links

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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