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Wake Forest Innovation Quarter Development Co

Organization summary

Type of Nonprofit

Designated as a Business leagues, chambers of commerce, real estate boards, etc, created for the improvement of business conditions.

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

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$0 (2021)

Expenses
$0 (2021)

Total Assets
$0 (2021)

Total Liabilities
$0 (2021)

Years with multiple filings
Source: Form 990 tax filings from 2011 to 2021

Tax Filings 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.

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$0
Expenses
$14,105
Net Income
-$14,105
Net Assets
$354,101
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
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 $354,101
Total Liabilities $0
Net Assets $354,101
Compensation
Key Employees and Officers Compensation Related Other
J Reid Morgan (Director, Secretary) $0 $1,218,034 $102,296
Terry L Hales Jr (Director, President) $0 $775,775 $153,934
J Mclain Wallace Jr (Director, Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$0
Expenses
$44,606
Net Income
-$44,606
Net Assets
$368,206
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
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 $383,075
Total Liabilities $14,869
Net Assets $368,206
Compensation
Key Employees and Officers Compensation Related Other
J Reid Morgan (Director, Secretary) $0 $659,852 $140,201
Terry L Hales Jr (Director, President) $0 $631,751 $137,670
J Mclain Wallace Jr (Director, Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$10,826
Expenses
$29,953
Net Income
-$19,127
Net Assets
$412,812
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $10,826
100%
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 $412,812
Total Liabilities $0
Net Assets $412,812
Compensation
Key Employees and Officers Compensation Related Other
J Reid Morgan (Director, 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 18)) $0 $439,108 $2,522
J Mclain Wallace Jr (Director, Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$0
Expenses
$25,715
Net Income
-$25,715
Net Assets
$431,939
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
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 $431,939
Total Liabilities $0
Net Assets $431,939
Compensation
Key Employees and Officers Compensation Related Other
Terry L Hales Jr (Director, President (Eff 8 8 18)) $0 $579,912 $68,917
J Reid Morgan (Director, Secretary (Eff 8 8 18)) $0 $560,012 $187,816
J Mclain Wallace Jr (Director, Treasurer (Eff 8 8 18)) $0 $0 $0
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
$0
Expenses
$28,445
Net Income
-$28,445
Net Assets
$457,654
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
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 $457,654
Total Liabilities $0
Net Assets $457,654
Compensation
Key Employees and Officers Compensation Related Other
Eric Tomlinson Dsc Phd (President & Director (To 3 1 18)) $0 $694,716 $35,598
Terry L Hales Jr (Assistant Treasurer) $0 $594,630 $53,599
J Reid Morgan (Secretary) $0 $528,855 $182,806

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$0
Expenses
$52,712
Net Income
-$52,712
Net Assets
$486,099
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
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 $1,169,641
Total Liabilities $683,542
Net Assets $486,099
Compensation
Key Employees and Officers Compensation Related Other
Terry L Hales Jr (Treasurer & Director) $0 $470,129 $119,381
John D Mcconnell Md (Director (To 4 26 17)) $0 $2,031,055 $266,426
Eric Tomlinson Dsc Phd (President & Director) $0 $799,427 $111,994
J Reid Morgan (Secretary) $0 $560,584 $142,553

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$0
Expenses
$26,673
Net Income
-$26,673
Net Assets
$538,811
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
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 $1,215,985
Total Liabilities $677,174
Net Assets $538,811
Compensation
Key Employees and Officers Compensation Related Other
Terry L Hales Jr (Treasurer & Director) $0 $481,853 $102,471
John D Mcconnell Md (Director) $0 $2,031,489 $252,556
Eric Tomlinson Dsc Phd (President & Director) $0 $549,802 $103,489
J Reid Morgan (Secretary) $0 $510,246 $97,801
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
$0
Expenses
$34,496
Net Income
-$34,496
Net Assets
$564,293
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
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 $1,214,794
Total Liabilities $650,501
Net Assets $564,293
Compensation
Key Employees and Officers Compensation Related Other
Terry L Hales Jr (Treasurer & Director) $0 $401,630 $93,389
John D Mcconnell Md (Director) $0 $1,551,136 $232,372
Eric Tomlinson Dsc Phd (President & Director) $0 $548,647 $94,369
J Reid Morgan (Secretary) $0 $478,079 $110,947
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
$11
Expenses
$31,140
Net Income
-$31,129
Net Assets
$598,789
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $11
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 $1,219,215
Total Liabilities $620,426
Net Assets $598,789
Compensation
Key Employees and Officers Compensation Related Other
Terry L Hales Jr (Treasurer & Director) $0 $366,527 $87,053
John D Mcconnell Md (Director) $0 $1,019,933 $732,938
Eric Tomlinson Dsc Phd (President & Director) $0 $542,255 $79,923
J Reid Morgan (Secretary) $0 $468,408 $94,436
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 June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,507
Expenses
$30,851
Net Income
-$25,344
Net Assets
$629,918
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $8
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $5,499
99.9%
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 $1,221,622
Total Liabilities $591,704
Net Assets $629,918

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$13,850
Expenses
$33,196
Net Income
-$19,346
Net Assets
$655,262
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $23
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $13,808
99.7%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $19
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,223,079
Total Liabilities $567,817
Net Assets $655,262

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$15,605
Expenses
$32,951
Net Income
-$17,346
Net Assets
$674,608
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $25
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $15,580
99.8%
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 $1,237,115
Total Liabilities $562,507
Net Assets $674,608

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

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.

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Types of Nonprofits

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