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Wakemed

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Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 566017737 ✦ Raleigh, NC ✦ Designated as a 501(c)(3)

Overview

What is Wakemed?

WakeMed is a renowned healthcare organization based in Raleigh, North Carolina, employing over 12,000 dedicated individuals. Their mission is to enhance the health and well-being of their community through exceptional and compassionate care for all. WakeMed provides a wide array of surgical services across five locations, including Raleigh Campus, Cary Hospital, North, Holly Springs Surgical Ventures, and Capital City Surgery Center, offering a vast range of specialties such as bariatric, cardiovascular and thoracic, ENT, neurosurgery, obstetrics and gynecology, orthopedics, pediatric, urology, and vascular. As the only state-designated Level 1 trauma center in Wake County, WakeMed delivers comprehensive trauma surgery for various injuries. The organization's commitment extends to providing care to those in need, regardless of their ability to pay. In fiscal year 2022, approximately 32% of their surgical patients were insured under Medicare, 12% under Medicaid, and nearly 5% were uninsured. WakeMed's extensive network of specialists, WakeMed Physicians, offers subspecialty care to the underinsured and uninsured within their community, with staff working to adjust fees based on individual income and need.


Official website here: www.wakemed.org

Is Wakemed legitimate?

Wakemed is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wakemed submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $15,472,443
Professional Fundraising Fees: $0
Other Salaries and Wages: $787,705,432

For more financial information, click here


Official website here: www.wakemed.org

What is the mission statement of Wakemed?

WakeMED's mission is centered around enhancing the health and well-being of their community through exceptional and compassionate care for all. By offering surgical services in various locations and providing inpatient care in multiple areas, they have significantly increased access to necessary surgical treatments. WakeMED's extensive range of surgical specialties includes bariatric, cardiovascular and thoracic, ENT, head and neck, gastrointestinal, general, neurosurgery, obstetrics and gynecology, orthopedics, pediatric, urology, and vascular. As the only state-designated Level 1 trauma center, they provide comprehensive trauma surgery for general, orthopedic, neurosurgery, and vascular trauma patients. The organization also extends access to specialist care to the uninsured and underinsured by working with physicians who discount their fees based on individual income and need. In fiscal year 2022, over a third (31.8%) of their surgical patients were insured under Medicare, around one in ten (11.6%) were insured under Medicaid, and nearly 5% (4.7%) were uninsured.


Official website here: www.wakemed.org

What is the revenue of Wakemed?

Wakemed's revenue in 2022 was $1,905,941,318.


Official website here: www.wakemed.org

Who are the executives of Wakemed and what are their salaries?

The average compensation at Wakemed during 2022 was $64,652. There are 12,423 employees and 1,404 volunteers at Wakemed.

Here are 50 key members and their salaries (Wakemed's CEO's salary is $1,998,303 and their total compensation is $2,038,125):

    Donald Gintzig (President & Ceo)
  • Compensation: $1,998,303
  • Related: $0
  • Other: $39,822

    • Gurvinder Deol (Physician)
  • Compensation: $1,334,259
  • Related: $0
  • Other: $47,084

    • Bryon Boulton (Physician)
  • Compensation: $1,332,706
  • Related: $0
  • Other: $41,744

    • Ashish Patel (Physician)
  • Compensation: $1,294,676
  • Related: $0
  • Other: $17,400

    • Judson Williams (Physician)
  • Compensation: $1,229,575
  • Related: $0
  • Other: $44,121

    • Jonathan Chappell (Physician)
  • Compensation: $1,035,604
  • Related: $0
  • Other: $34,244

    • Rick Carrico (Evp & Chief Financial Officer)
  • Compensation: $813,329
  • Related: $0
  • Other: $47,084

    • Thomas Gough (Evp & Chief Operating Officer)
  • Compensation: $739,860
  • Related: $0
  • Other: $19,281

    • Christopher Derienzo (Svp & Chief Quality Officer & Cmo)
  • Compensation: $693,818
  • Related: $0
  • Other: $41,441

    • Denise Warren (Until 123120) (Former Evp & Coo)
  • Compensation: $698,329
  • Related: $0
  • Other: $1,418

    • Seth Brody (Svp, Physician Services)
  • Compensation: $667,725
  • Related: $0
  • Other: $17,400

    • Rebecca Andrews (Svp & Administrator Raleigh)
  • Compensation: $591,031
  • Related: $0
  • Other: $28,598

    • Cynthia Alness-Boily (Svp - Operations & Cno)
  • Compensation: $496,137
  • Related: $0
  • Other: $39,148

    • Susan James (Vp & Chief Legal Officer)
  • Compensation: $484,173
  • Related: $0
  • Other: $41,441

    • Charles Harr (Chief Medical Officer, Raleigh)
  • Compensation: $499,894
  • Related: $0
  • Other: $20,436

    • Carolyn Knaup (Svs - Strategic Ventures & Ambulatory Operations)
  • Compensation: $450,572
  • Related: $0
  • Other: $37,268

    • John Perry (Vp, Medical Information)
  • Compensation: $442,479
  • Related: $0
  • Other: $44,494

    • Peter Marks (Vp & Chief Information Officer)
  • Compensation: $462,609
  • Related: $0
  • Other: $21,921

    • Rick Shrum (Vp & Chief Strategy Officer)
  • Compensation: $419,176
  • Related: $0
  • Other: $38,942

    • Valerie Barlow (Vp, Clinical & Support Services)
  • Compensation: $396,797
  • Related: $0
  • Other: $44,678

    • Theodore Lotchin (Vp & Chief Compliance & Privacy Officer)
  • Compensation: $386,650
  • Related: $0
  • Other: $42,161

    • Thomas Cavender (Vp, Facilities & Construction)
  • Compensation: $397,701
  • Related: $0
  • Other: $28,423

    • Karen Bash (Chief Medical Officer, North)
  • Compensation: $389,355
  • Related: $0
  • Other: $33,773

    • Harold Lawson (Until 8312022) (Vp, Revenue Cycle)
  • Compensation: $379,159
  • Related: $0
  • Other: $43,490

    • Thomas Hughes (Vice President Of Operations, Community Hospitals)
  • Compensation: $370,596
  • Related: $0
  • Other: $18,414

    • Gayla Harvey (Vp, Payor Strategy & Managed Care Contracting)
  • Compensation: $362,053
  • Related: $0
  • Other: $23,359

    • Christine Craig (Vp, Governmental Affairs)
  • Compensation: $341,387
  • Related: $0
  • Other: $33,624

    • Debra Laughery (Vp, Marketing & Communications)
  • Compensation: $347,509
  • Related: $0
  • Other: $18,135

    • Shondra Brink (Vp, Wake Physician Practices)
  • Compensation: $331,940
  • Related: $0
  • Other: $25,998

    • Stephanie Sessoms (Vp, Finance)
  • Compensation: $317,837
  • Related: $0
  • Other: $34,840

    • Betsy Gaskins-Mcclaine (Former Vp, Heart & Vascular)
  • Compensation: $262,208
  • Related: $0
  • Other: $23,317

    • Jeanene Martin (Until 920) (Former Svp, Human Resources)
  • Compensation: $196,670
  • Related: $0
  • Other: $15,578

    • Roylyn Johnson (Officer - Secretary)
  • Compensation: $126,908
  • Related: $0
  • Other: $18,097

    • A Blanton Godfrey Phd (Until 52522) (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Blount Williams (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Christina Alvarado Shanahan (Until 71022) (Vice Chair, Board Of Directors)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dan Blue Iii (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Henry L Darnell (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • James Anthony Penry (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Larry Barbour (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Laura Helton Md (From 6722) (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Margaret Bratton (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mary Nash Rusher (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael Painter (From 9622) (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Robert C Rice Jr (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Satish Garimella (From 71122) (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sonia Barnes (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Thad L Mcdonald Md (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Vern Davenport (Until 123121) (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Willy E Stewart (Chair, Board Of Directors)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.wakemed.org

    Where can I find the form 990 for Wakemed?

    The Wakemed’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.wakemed.org

    Learn more at the official website: www.wakemed.org

    Mission Statement of Wakemed

    Wakemed, a renowned organization, strives to enhance the health and well-being of its community by delivering exceptional and compassionate care to all individuals. Wakemed's primary mission is to provide surgical services in various locations throughout the county, including Raleigh Campus, Cary Hospital, North, Holly Springs Surgical Ventures, and Capital City Surgery Center. This wide range of accessibility ensures that individuals in need of surgical care, regardless of their ability to pay, can receive the necessary attention.

    Wakemed's surgical services encompass an extensive array of specialties, such as bariatric, cardiovascular and thoracic, ENT, head and neck, adult and pediatric gastrointestinal, general, neurosurgery, obstetrics and gynecology, orthopedics, pediatric, urology, and vascular. As the only state-designated Level 1 trauma center in Wake County, Wakemed offers comprehensive trauma surgery for general, orthopedic, neurosurgery, and vascular trauma patients. Furthermore, Wakemed has expanded its network of specialists through Wakemed Physicians, who provide subspecialty care to the uninsured and underinsured in the community. The organization's staff works with patients to discount fees based on individual income and need, allowing quality care to be accessible to all. In fiscal year 2022, Wakemed's surgical patients included 31.8% insured under Medicare, 11.6% insured under Medicaid, and 4.7% uninsured.

    Impact

    This information is meant to be a general summary of Wakemed. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Wakemed's impact lies in providing outstanding and compassionate surgical services to the community, regardless of patients' ability to pay. By offering a wide range of surgical specialties and operating in multiple locations throughout the county, Wakemed has significantly improved access to much-needed healthcare services. As the only state-designated Level 1 trauma center in Wake County, Wakemed plays a crucial role in providing comprehensive trauma surgery to those in need. Additionally, through Wakemed Physicians, the organization extends its network of specialists to serve the uninsured and underinsured, ensuring that quality care is accessible to all. In serving a diverse patient population, including those insured under Medicare, Medicaid, and the uninsured, Wakemed demonstrates its commitment to enhancing the health and well-being of the community it serves.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $130,844,534
  • Program Service Revenue: $1,768,644,739
  • Gross Receipts: $2,319,573,931

    • Assets and Liabilities:
  • Total Assets: $1,739,298,787
  • Total Liabilities: $993,298,377
  • Net Assets: $746,000,410
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    PATIENT SERVICES

    Revenue

    $1,686,263,385

    NON-PATIENT SERVICES

    Revenue

    $12,503,485

    CAFETERIA

    Revenue

    $5,682,035

    PURCH DISCNTS/REBATES/VHA

    Revenue

    $4,016,230

    OTHER OPERATING REVENUE

    Revenue

    $55,415,979

    Organization Details

    Founding Year

    1965

    Main Address

    3000 NEW BERN AVE, RALEIGH, NC, 276101215

    NTEE Category

    Code: E21 - Health

    If you are a representative of Wakemed and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.