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Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2022
Total Revenue
▼$686.9M
Program Spending
86%
of total expenses go to program services
Total Contributions
$74.1M
Total Expenses
▼$654.8M
Total Assets
$2.7B
Total Liabilities
▼$802.5M
Net Assets
$1.9B
Officer Compensation
→$9M
Other Salaries
$238.9M
Investment Income
$48.4M
Fundraising
▼$46.9K
Source: USAspending.gov
Federal award data is temporarily unavailable.
USAspending.gov tracks federal grants, cooperative agreements, and other financial assistance. Not all nonprofits receive federal funding.
Source: Federal Audit Clearinghouse (fac.gov)
Years audited
10
Clean years
7
Material Weakness
No
Noncompliance Issues
No
| Year | Status | Financial Report | Federal Expenditurecombined across all audits filed that year | Low Risk | Accepted |
|---|---|---|---|---|---|
| 2025 | Minor Findings | Unmodified (Clean) | $374.7M | No | 2026-03-27 |
| 2024 | Minor Findings | Unmodified (Clean) | $322.5M | No | 2025-03-31 |
| 2023 | Minor Findings | Unmodified (Clean) | $303.9M | Yes | 2024-03-28 |
| 2022 | Clean | Unmodified (Clean) | $285.9M | Yes | 2023-03-30 |
| 2021 | Clean | Unmodified (Clean) | $302M | Yes | 2022-09-29 |
| 2020 | Clean | Unmodified (Clean) | $260.3M | Yes | 2021-04-12 |
| 2019 | Clean | Unmodified (Clean) | $258M | Yes | 2019-11-19 |
| 2018 | Clean | Unmodified (Clean) | $253.1M | Yes | 2018-12-16 |
| 2017 | Clean | Unmodified (Clean) | $245.4M | Yes | 2017-12-06 |
| 2016 | Clean | Unmodified (Clean) | $233.5M | Yes | 2017-01-10 |
Financial Report
Unmodified (Clean)
Federal Expenditure, combined across all audits filed that year
$374.7M
Financial Report
Unmodified (Clean)
Federal Expenditure, combined across all audits filed that year
$322.5M
Financial Report
Unmodified (Clean)
Federal Expenditure, combined across all audits filed that year
$303.9M
Financial Report
Unmodified (Clean)
Federal Expenditure, combined across all audits filed that year
$285.9M
Financial Report
Unmodified (Clean)
Federal Expenditure, combined across all audits filed that year
$302M
Financial Report
Unmodified (Clean)
Federal Expenditure, combined across all audits filed that year
$260.3M
Financial Report
Unmodified (Clean)
Federal Expenditure, combined across all audits filed that year
$258M
Financial Report
Unmodified (Clean)
Federal Expenditure, combined across all audits filed that year
$253.1M
Financial Report
Unmodified (Clean)
Federal Expenditure, combined across all audits filed that year
$245.4M
Financial Report
Unmodified (Clean)
Federal Expenditure, combined across all audits filed that year
$233.5M
Tax Year 2022 · Source: IRS e-Filed Form 990
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: PC
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2023 | $686.9M | $74.1M | $654.8M | $2.7B | $1.9B |
| 2022IRS e-File | $686.9M | $74.1M | $654.8M | $2.7B | $1.9B |
| 2021 | $681.7M | $120M | $585.2M | $2.6B | $1.8B |
| 2020 | $583.4M | $86M | $577.6M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
| Tax Year | Form Type | Source | Documents |
|---|---|---|---|
| 2024 | 990 | IRS e-File | |
| 2023 | 990 | DataIRS e-File | PDF not yet published by IRSView Filing → |
| 2022 | 990 | DataIRS e-File |
Financial data: IRS e-Filed Form 990 (Tax Year 2022)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2022)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
| Total |
|---|
| Julie A Freischlag Md | EVP Health Aff. | 2 | $0 | $5.2M | $668.1K | $5.8M |
| Susan R Wente Phd | President & Trustee | 29.3 | $1.4M | $0 | $314.1K | $1.7M |
| B Hofler Milam | Evp, Cfo, Treas | 36.5 | $734.3K | $0 | $261.8K | $996.1K |
| Michele Gillespie Phd | Provost | 40 | $826.6K | $0 | $111K | $937.6K |
| J Reid Morgan | S.vp, Sec, G.c. | 19.7 | $647.7K | $0 | $142.2K | $790K |
| Anita M Conrad | Asst Secretary | 21 | $201.3K | $0 | $43.4K | $244.7K |
Julie A Freischlag Md
EVP Health Aff.
$5.8M
Hrs/Wk
2
Compensation
$0
Related Orgs
$5.2M
Other
$668.1K
Susan R Wente Phd
President & Trustee
$1.7M
Hrs/Wk
29.3
Compensation
$1.4M
Related Orgs
$0
Other
$314.1K
B Hofler Milam
Evp, Cfo, Treas
$996.1K
Hrs/Wk
36.5
Compensation
$734.3K
Related Orgs
$0
Other
$261.8K
Michele Gillespie Phd
Provost
$937.6K
Hrs/Wk
40
Compensation
$826.6K
Related Orgs
$0
Other
$111K
J Reid Morgan
S.vp, Sec, G.c.
$790K
Hrs/Wk
19.7
Compensation
$647.7K
Related Orgs
$0
Other
$142.2K
Anita M Conrad
Asst Secretary
$244.7K
Hrs/Wk
21
Compensation
$201.3K
Related Orgs
$0
Other
$43.4K
Highest compensated employees who are not officers or directors.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| David P Clawson | Football Coach | 40 | $4.7M | $0 | $72.4K | $4.8M |
| Steve Forbes | Men's Bktball Co | 40 | $3.1M | $0 | $45.3K | $3.1M |
| Warren D Ruggiero | F'ball Offensive Coordinator | 40 | $1.1M | $0 | $57.2K | $1.1M |
| John A Currie | Director Of Athletics | 40 | $954.8K | $0 | $141.3K | $1.1M |
| Brad Lambert | F'ball Defensive Coordinator | 40 | $798.3K | $0 | $40.8K | $839.2K |
| Mark A Petersen |
David P Clawson
Football Coach
$4.8M
Hrs/Wk
40
Compensation
$4.7M
Related Orgs
$0
Other
$72.4K
Steve Forbes
Men's Bktball Co
$3.1M
Hrs/Wk
40
Compensation
$3.1M
Related Orgs
$0
Other
$45.3K
Warren D Ruggiero
F'ball Offensive Coordinator
$1.1M
Hrs/Wk
40
Compensation
$1.1M
Related Orgs
$0
Other
$57.2K
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| A Dale Jenkins | Committee Chair | 4 | $0 | $0 | $0 | $0 |
| Alexander Acquavella | Trustee | 3 | $0 | $0 | $0 | $0 |
| Alice Proietti | Trustee | 3 | $0 | $0 | $0 | $0 |
| Anil Rai Gupta | Trustee | 3 | $0 | $0 | $0 | $0 |
| Aubrey L Martin | Trustee | 3 | $0 | $0 | $0 | $0 |
| Ben C Sutton Jr | Trustee |
A Dale Jenkins
Committee Chair
$0
Hrs/Wk
4
Compensation
$0
Related Orgs
$0
Other
$0
Alexander Acquavella
Trustee
$0
Hrs/Wk
3
Compensation
$0
Related Orgs
$0
Other
$0
Alice Proietti
Trustee
$0
Hrs/Wk
3
Compensation
$0
Related Orgs
$0
Other
$0
Individuals who previously served as officers or key employees.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Nathan O Hatch | Former President | 40 | $966K | $0 | $59.3K | $1M |
| Rogan Kersh Phd | Former Provost | 40 | $872.1K | $0 | $57.6K | $929.7K |
| Charles L Iacovou Phd | Dean, School Of Professional Studies | 40 | $503.4K | $0 | $131.1K | $634.5K |
Nathan O Hatch
Former President
$1M
Hrs/Wk
40
Compensation
$966K
Related Orgs
$0
Other
$59.3K
Rogan Kersh Phd
Former Provost
$929.7K
Hrs/Wk
40
Compensation
$872.1K
Related Orgs
$0
Other
$57.6K
Charles L Iacovou Phd
Dean, School Of Professional Studies
$634.5K
Hrs/Wk
40
Compensation
$503.4K
Related Orgs
$0
Other
$131.1K
| $2.1B |
| $1.4B |
| 2019 | $636.5M | $112.3M | $553.7M | $2.1B | $1.4B |
| 2018 | $583.4M | $85.9M | $514.5M | $1.9B | $1.4B |
| 2017 | $650.7M | $156M | $497.7M | $1.8B | $1.3B |
| 2016 | $482.3M | $72.1M | $478.1M | $1.6B | $1.1B |
| 2015 | $541M | $87.1M | $453.3M | $1.6B | $1.1B |
| 2014 | $516.2M | $93.9M | $451.3M | $1.5B | $1.1B |
| 2013 | $496.8M | $97.9M | $414.5M | $1.4B | $975M |
| 2012 | $422.9M | $63.6M | $400.4M | $1.2B | $879.9M |
| 2011 | $459.5M | $118.3M | $381.7M | $1.2B | $887.6M |
| 2021 | 990 | DataIRS e-File |
| 2020 | 990 | Data | PDF not yet published by IRS |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | Data |
| 2010 | 990 | — |
| 2009 | 990 | — |
| 2008 | 990 | — |
| 2007 | 990 | — |
| 2006 | 990 | — |
| 2005 | 990 | — |
| 2004 | 990 | — |
| 2003 | 990 | — |
| 2002 | 990 | — |
| 2001 | 990 | — |
| VP - Advancement |
| 40 |
| $652.4K |
| $0 |
| $165.6K |
| $818.1K |
| Anthony P Marsh | Interim Dean, Wake Forest College | 40 | $259.4K | $0 | $85.6K | $345K |
John A Currie
Director Of Athletics
$1.1M
Hrs/Wk
40
Compensation
$954.8K
Related Orgs
$0
Other
$141.3K
Brad Lambert
F'ball Defensive Coordinator
$839.2K
Hrs/Wk
40
Compensation
$798.3K
Related Orgs
$0
Other
$40.8K
Mark A Petersen
VP - Advancement
$818.1K
Hrs/Wk
40
Compensation
$652.4K
Related Orgs
$0
Other
$165.6K
Anthony P Marsh
Interim Dean, Wake Forest College
$345K
Hrs/Wk
40
Compensation
$259.4K
Related Orgs
$0
Other
$85.6K
| 5 |
| $0 |
| $0 |
| $0 |
| $0 |
| Bobby R Burchfield | Committee Chair | 6 | $0 | $0 | $0 | $0 |
| Cantey M Ergen | Board Vice Chair | 6 | $0 | $0 | $0 | $0 |
| Cathy Wall Thomas | Trustee | 3 | $0 | $0 | $0 | $0 |
| David I Wahrhaftig | Comm Vice Chair | 5 | $0 | $0 | $0 | $0 |
| David W Dupree | Trustee | 4 | $0 | $0 | $0 | $0 |
| Deborah D Lambert | Committee Chair | 6 | $0 | $0 | $0 | $0 |
| Diana M Adams | Committee Chair | 4 | $0 | $0 | $0 | $0 |
| Donald E Flow | Comm Vice Chair | 4 | $0 | $0 | $0 | $0 |
| Donna A Boswell | Committee Chair | 6 | $0 | $0 | $0 | $0 |
| Donna F Edwards | Trustee | 3 | $0 | $0 | $0 | $0 |
| Eric C Wiseman | Comm Vice Chair | 5 | $0 | $0 | $0 | $0 |
| Frank B Holding Jr | Committee Chair | 5 | $0 | $0 | $0 | $0 |
| Gary S Pinkus | Trustee | 3 | $0 | $0 | $0 | $0 |
| H Lawrence Culp Jr | Trustee | 3 | $0 | $0 | $0 | $0 |
| Hannah Vanderweide Shue | Trustee | 3 | $0 | $0 | $0 | $0 |
| Helen Hough Feinberg | Trustee | 3 | $0 | $0 | $0 | $0 |
| Herman E Eure | Board Vice Chair | 6 | $0 | $0 | $0 | $0 |
| James E Dixon | Trustee | 3 | $0 | $0 | $0 | $0 |
| James M O'Connell | Trustee | 3 | $0 | $0 | $0 | $0 |
| Jane Mcgraw | Comm Vice Chair | 3 | $0 | $0 | $0 | $0 |
| Janice K Story | Trustee | 3 | $0 | $0 | $0 | $0 |
| Jermyn M Davis | Trustee | 5 | $0 | $0 | $0 | $0 |
| Jocelyn Burton | Trustee | 5 | $0 | $0 | $0 | $0 |
| John M Mcavoy | Comm Vice Chair | 3 | $0 | $0 | $0 | $0 |
| Jorge Rodriguez | Trustee | 3 | $0 | $0 | $0 | $0 |
| Julie Ann Mullen Hartman | Trustee | 3 | $0 | $0 | $0 | $0 |
| Katherine B Wright | Committee Chair | 5 | $0 | $0 | $0 | $0 |
| Lisbeth Clark Evans | Trustee | 3 | $0 | $0 | $0 | $0 |
| Mary R Farrell | Comm Vice Chair | 5 | $0 | $0 | $0 | $0 |
| Marybeth Torbet Hays | Comm Vice Chair | 5 | $0 | $0 | $0 | $0 |
| Matthew A King | Board Chair | 15 | $0 | $0 | $0 | $0 |
| Michael C Smith | Comm Vice Chair | 4 | $0 | $0 | $0 | $0 |
| Mit B Shah | Committee Chair | 6 | $0 | $0 | $0 | $0 |
| Ogden Phipps Ii | Trustee | 3 | $0 | $0 | $0 | $0 |
| Peter C Brockway | Trustee | 5 | $0 | $0 | $0 | $0 |
| Peter M Carlson | Committee Chair | 6 | $0 | $0 | $0 | $0 |
| Robert J Mccreary | Comm Vice Chair | 3 | $0 | $0 | $0 | $0 |
| Savannah Littlejohn | Trustee | 3 | $0 | $0 | $0 | $0 |
| Serena Fisher Dugan | Trustee | 3 | $0 | $0 | $0 | $0 |
| Shannan Spence Townsend | Trustee | 3 | $0 | $0 | $0 | $0 |
| Shelmer D Blackburn Jr | Trustee | 3 | $0 | $0 | $0 | $0 |
Anil Rai Gupta
Trustee
$0
Hrs/Wk
3
Compensation
$0
Related Orgs
$0
Other
$0
Aubrey L Martin
Trustee
$0
Hrs/Wk
3
Compensation
$0
Related Orgs
$0
Other
$0
Ben C Sutton Jr
Trustee
$0
Hrs/Wk
5
Compensation
$0
Related Orgs
$0
Other
$0
Bobby R Burchfield
Committee Chair
$0
Hrs/Wk
6
Compensation
$0
Related Orgs
$0
Other
$0
Cantey M Ergen
Board Vice Chair
$0
Hrs/Wk
6
Compensation
$0
Related Orgs
$0
Other
$0
Cathy Wall Thomas
Trustee
$0
Hrs/Wk
3
Compensation
$0
Related Orgs
$0
Other
$0
David I Wahrhaftig
Comm Vice Chair
$0
Hrs/Wk
5
Compensation
$0
Related Orgs
$0
Other
$0
David W Dupree
Trustee
$0
Hrs/Wk
4
Compensation
$0
Related Orgs
$0
Other
$0
Deborah D Lambert
Committee Chair
$0
Hrs/Wk
6
Compensation
$0
Related Orgs
$0
Other
$0
Diana M Adams
Committee Chair
$0
Hrs/Wk
4
Compensation
$0
Related Orgs
$0
Other
$0
Donald E Flow
Comm Vice Chair
$0
Hrs/Wk
4
Compensation
$0
Related Orgs
$0
Other
$0
Donna A Boswell
Committee Chair
$0
Hrs/Wk
6
Compensation
$0
Related Orgs
$0
Other
$0
Donna F Edwards
Trustee
$0
Hrs/Wk
3
Compensation
$0
Related Orgs
$0
Other
$0
Eric C Wiseman
Comm Vice Chair
$0
Hrs/Wk
5
Compensation
$0
Related Orgs
$0
Other
$0
Frank B Holding Jr
Committee Chair
$0
Hrs/Wk
5
Compensation
$0
Related Orgs
$0
Other
$0
Gary S Pinkus
Trustee
$0
Hrs/Wk
3
Compensation
$0
Related Orgs
$0
Other
$0
H Lawrence Culp Jr
Trustee
$0
Hrs/Wk
3
Compensation
$0
Related Orgs
$0
Other
$0
Hannah Vanderweide Shue
Trustee
$0
Hrs/Wk
3
Compensation
$0
Related Orgs
$0
Other
$0
Helen Hough Feinberg
Trustee
$0
Hrs/Wk
3
Compensation
$0
Related Orgs
$0
Other
$0
Herman E Eure
Board Vice Chair
$0
Hrs/Wk
6
Compensation
$0
Related Orgs
$0
Other
$0
James E Dixon
Trustee
$0
Hrs/Wk
3
Compensation
$0
Related Orgs
$0
Other
$0
James M O'Connell
Trustee
$0
Hrs/Wk
3
Compensation
$0
Related Orgs
$0
Other
$0
Jane Mcgraw
Comm Vice Chair
$0
Hrs/Wk
3
Compensation
$0
Related Orgs
$0
Other
$0
Janice K Story
Trustee
$0
Hrs/Wk
3
Compensation
$0
Related Orgs
$0
Other
$0
Jermyn M Davis
Trustee
$0
Hrs/Wk
5
Compensation
$0
Related Orgs
$0
Other
$0
Jocelyn Burton
Trustee
$0
Hrs/Wk
5
Compensation
$0
Related Orgs
$0
Other
$0
John M Mcavoy
Comm Vice Chair
$0
Hrs/Wk
3
Compensation
$0
Related Orgs
$0
Other
$0
Jorge Rodriguez
Trustee
$0
Hrs/Wk
3
Compensation
$0
Related Orgs
$0
Other
$0
Julie Ann Mullen Hartman
Trustee
$0
Hrs/Wk
3
Compensation
$0
Related Orgs
$0
Other
$0
Katherine B Wright
Committee Chair
$0
Hrs/Wk
5
Compensation
$0
Related Orgs
$0
Other
$0
Lisbeth Clark Evans
Trustee
$0
Hrs/Wk
3
Compensation
$0
Related Orgs
$0
Other
$0
Mary R Farrell
Comm Vice Chair
$0
Hrs/Wk
5
Compensation
$0
Related Orgs
$0
Other
$0
Marybeth Torbet Hays
Comm Vice Chair
$0
Hrs/Wk
5
Compensation
$0
Related Orgs
$0
Other
$0
Matthew A King
Board Chair
$0
Hrs/Wk
15
Compensation
$0
Related Orgs
$0
Other
$0
Michael C Smith
Comm Vice Chair
$0
Hrs/Wk
4
Compensation
$0
Related Orgs
$0
Other
$0
Mit B Shah
Committee Chair
$0
Hrs/Wk
6
Compensation
$0
Related Orgs
$0
Other
$0
Ogden Phipps Ii
Trustee
$0
Hrs/Wk
3
Compensation
$0
Related Orgs
$0
Other
$0
Peter C Brockway
Trustee
$0
Hrs/Wk
5
Compensation
$0
Related Orgs
$0
Other
$0
Peter M Carlson
Committee Chair
$0
Hrs/Wk
6
Compensation
$0
Related Orgs
$0
Other
$0
Robert J Mccreary
Comm Vice Chair
$0
Hrs/Wk
3
Compensation
$0
Related Orgs
$0
Other
$0
Savannah Littlejohn
Trustee
$0
Hrs/Wk
3
Compensation
$0
Related Orgs
$0
Other
$0
Serena Fisher Dugan
Trustee
$0
Hrs/Wk
3
Compensation
$0
Related Orgs
$0
Other
$0
Shannan Spence Townsend
Trustee
$0
Hrs/Wk
3
Compensation
$0
Related Orgs
$0
Other
$0
Shelmer D Blackburn Jr
Trustee
$0
Hrs/Wk
3
Compensation
$0
Related Orgs
$0
Other
$0