Overview
What is Wakemed Group Return?
WakeMed Group Return is a nonprofit organization based in Raleigh, North Carolina, with a mission to enhance the health and well-being of the community by providing outstanding and compassionate care. They achieve this by purchasing, leasing, and maintaining properties in Wake and Johnston counties for the purpose of housing medical facilities and expanding accessibility to medical services. WakeMed Property Services currently manages thirty-two owned properties and forty-two leased properties, which are occupied by various WakeMed departments and physician practices. The facilities offer a wide range of care options and are primarily located in areas experiencing rapid growth with limited medical care options. The organization's efforts extend beyond property management, as they also support WakeMed's educational and scientific programs and engage in philanthropy by raising funds and future leaders for the institution.
Official website here: www.wakemed.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96% (Four-Star out of Four Star rating)
Wakemed Group Return has achieved an impressive score of 96%, indicating a strong commitment to accountability and financial transparency. Their independent board members are predominantly independent, ensuring unbiased governance. The charity has also demonstrated excellent financial practices, evidenced by their high program expense ratio of 97.79%, meaning that a significant portion of their funds is directed toward their programs.
The organization excels in its governance policies, with all necessary policies listed and properly maintained, including those related to conflict of interest and whistleblower protections. Their financial oversight is robust, as indicated by their perfect audit and oversight committee scores, and they have maintained a clean record with no material diversion of assets reported.
While the data reflects positively on their operational integrity and effectiveness, ongoing evaluation of their program impact may provide further insights into the outcomes of their initiatives. Overall, Wakemed Group Return stands out for its strong financial health and governance practices, making it a reliable choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Wakemed Group Return legitimate?
Wakemed Group Return is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wakemed Group Return 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,707,057
For more financial information, click here
Official website here: www.wakemed.org
What is the mission statement of Wakemed Group Return?
WakeMed Group Return is dedicated to enhancing the health and well-being of communities through exceptional and compassionate care. Their mission encompasses maintaining and operating properties, supporting the improvement and development of WakeMed's educational and scientific programs, and raising funds and future leaders for WakeMed through philanthropy. By providing space for various medical departments and physician practices, they expand the accessibility of medical services, offering a wide range of care options to residents. Their efforts are primarily focused on areas with limited medical care options, including primary care and specialists.
Official website here: www.wakemed.org
Who is the CEO of Wakemed Group Return?
Unavailable The CEO's salary of Wakemed Group Return is $0 and their total compensation is $2,038,125.
Official website here: www.wakemed.org
What is the revenue of Wakemed Group Return?
Wakemed Group Return's revenue in 2022 was $32,094,659.
Official website here: www.wakemed.org
Who are the executives of Wakemed Group Return and what are their salaries?
There 155 volunteers at Wakemed Group Return.
Here are 78 key members and their salaries (Wakemed Group Return's CEO's salary is $0 and their total compensation is $2,038,125):
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- Other: $41,744
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- Other: $47,084
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- Other: $34,244
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- Other: $44,121
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- Other: $23,317
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- Other: $1,418
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- Related: $196,670
- Other: $15,578
Official website here: www.wakemed.org
Where can I find the form 990 for Wakemed Group Return?
Wakemed Group Return'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 Group Return
WakeMed Group Return, a renowned organization, is dedicated to enhancing the health and well-being of its community by delivering exceptional and compassionate care to all. The mission of this philanthropic entity goes beyond just maintaining and operating properties; it strives to aid and promote the improvement and development of WakeMed's education and scientific programs. WakeMed Property Services, a division of WakeMed Group Return, plays an essential role in this endeavor by purchasing, leasing, and maintaining properties in various locations. These properties are then leased or subleased to WakeMed and other medical providers to broaden the accessibility of medical services in the surrounding areas.
The portfolio of WakeMed Property Services comprises thirty-two owned properties and forty-two leased properties, which house multiple WakeMed departments and physician practices. These organizations provide a diverse range of medical services, including operating three free-standing emergency departments, five outpatient imaging centers, four outpatient rehabilitation departments, a mobile critical care ambulance department, and an outpatient physical therapy department. With over one hundred twelve physician practices situated in these facilities, WakeMed Group Return ensures that a wide array of care options is available to cater to the needs of the entire community. The locations of these facilities are strategically chosen to serve areas experiencing rapid growth, where medical care options are limited, particularly in terms of primary care and specialists.
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Impact
October, 2024
WakeMed Group Return significantly enhances healthcare accessibility and quality in Wake and Johnston counties. By acquiring, leasing, and maintaining a diverse portfolio of properties tailored for medical services, it ensures that essential healthcare facilities are available close to where communities are growing rapidly.
With ownership and management of thirty-two properties and the leasing of an additional forty-two, WakeMed Group Return supports a broad spectrum of health services. This includes three free-standing emergency departments, five outpatient imaging centers, and multiple rehabilitation and therapy departments. Such facilities are strategically placed to meet the needs of a population that may otherwise face challenges accessing primary and specialty care.
Additionally, WakeMed Group Return is committed to enhancing educational and scientific programs within the healthcare sector. Through continued development and support, the organization fosters an environment that nurtures future healthcare leaders and innovations, ensuring sustainable improvements in community health and well-being.
Overall, the impact of WakeMed Group Return is evident in the increased accessibility, variety of services offered, and the ongoing commitment to healthcare excellence, all of which contribute positively to the health outcomes of the communities served.
This information is meant to be a general summary of Wakemed Group Return. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $2,696,907
- Program Service Revenue: $27,293,689
- Gross Receipts: $44,909,256
Assets and Liabilities:
- Total Assets: $412,467,377
- Total Liabilities: $123,621,319
- Net Assets: $288,846,058
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$27,293,689
Organization Details
Phone
(919) 350-0522Main Address
3000 NEW BERN AVENUE, RALEIGH, NC, 27610
Website
www.wakemed.orgNTEE Category
Code: E21 - Health
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