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Organizations Community Improvement & Capacity Building Wake Forest Innovation Quarter CDC

Wake Forest Innovation Quarter CDC

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

Medical Center Boulevard
Winstonsalem, North Carolina 27157

Wake Forest Innovation Quarter CDC (EIN: 20-0177581) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Wake Forest Innovation Quarter CDC, 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 Wake Forest Innovation Quarter CDC is J McLain Wallace Jr with fiscal year 2024 compensation of $1,689,329.

Revenue, expenses, and employee compensation

Revenue

$75,175

Expenses

$12,065

Employee compensation

$0
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

J McLain Wallace Jr
Director, Vice President and Treasurer
$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

Allen Joines
Director
C Douglas Maynard, M.D.
Director

Mission Statement

TO DEVELOP AND IMPROVE A LOW-INCOME COMMUNITY IN DOWNTOWN WINSTON-SALEM, NC, AND ENGAGE IN ECONOMIC AND RELATED DEVELOPMENT OF A RESEARCH PARK.

Revisions to this organization profile

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

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