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Organizations Community Improvement & Capacity Building Innovation Quarter

Innovation Quarter

Fiscal year ending 2024. Filed on November 17, 2025.

Medical Center Boulevard
Winstonsalem, North Carolina 27157

Innovation Quarter (EIN: 06-1818498) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Innovation Quarter, a 501(c)(3) charitable organization, reported compensation for 4 employees. Among the employees shown here, the average compensation is $1,278,845. The highest compensated employee at Innovation Quarter is J McLain Wallace Jr with fiscal year 2024 compensation of $1,689,329. Innovation Quarter changed its name from Wake Forest Innovation Quarter Management CO in 2022.

Revenue, expenses, and employee compensation

Revenue

$83,520

Expenses

$2,689,124

Employee compensation

$974,437
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

J McLain Wallace Jr
Treasurer and Director
$1,689,329
$1,659,102 No related comp$30,227
Susan R Wente, Ph.D.
Chair and Director
$1,593,017
$0 $1,229,582 $363,435
Terry L Hales Jr
President and Director
$1,363,334
$0 $1,310,800 $52,534
J Reid Morgan
Former Officer
$469,700
$0 $412,282 $57,418

Benchmark Employee Compensation

Non-Employee Board Members

No board members were reported during this fiscal year.

Contractors

Blakley Landscape Services Inc.
Lawn Care
$215,557
Cjmw Architecture PA
Architectural
$187,235
Whiting Turner Contracting Company
Construction Contractor
$178,278
Elephant IN the Room LLC
Design
$175,668

Mission Statement

SEE SCHEDULE OOUR DEDICATION TO ELEVATING HEALTH CARE FOR EVERY INDIVIDUAL, EVERY TEAMMATE AND EVERY COMMUNITY IS UNWAVERING. WE WON'T STOP UNTIL EVERYONE - NO MATTER WHO THEY ARE OR WHERE THEY COME - FROM HAS THE POSSIBILITY TO LIVE WELL. AND BECAUSE OF THIS, WE ARE REDEFINING WHY WE EXIST, OUR PURPOSE AS AN ORGANIZATION AND HOW WE MAKE IT HAPPEN TOGETHER AS ONE.OUR PURPOSE: FROM DISCOVERY TO EVERYDAY MOMENTS, WE'RE REDEFINING CARE.OUR COMMITMENTS ARE THE PROMISES OUR TEAMMATES MAKE TO FULFILL OUR PURPOSE.-LIFT EVERYONE UP: WE BELIEVE EVERYONE MATTERS AND CREATE SPACES WHERE ALL BELONG AND CAN THRIVE.-LEAD THE WAY: WE CHART NEW PATHS TO ACHIEVE THE EXTRAORDINARY.-THINK BOLDLY TOGETHER: WE COLLABORATE WITH HUMILITY, TURNING THE BEST IDEAS INTO NEW POSSIBILITIES.-EMBRACE THE UNKNOWN: WE DRIVE CHANGE THROUGH FEARLESS CURIOSITY AND UNSHAKEABLE OPTIMISM.

Revisions to this organization profile

November 17, 2025:
2024 Innovation Quarter 990 filed
November 15, 2024:
2023 Innovation Quarter 990 filed
November 14, 2023:
2022 Innovation Quarter 990 filed

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Other organizations also named Innovation Quarter

Wake Forest Innovation Quarter CDC
Winstonsalem, North Carolina
Wake Forest Innovation Quarter Development CO
Winstonsalem, North Carolina