Money · Tax filings
Wake Forest University
NIL & revenue sharing · Coach pay & buyouts · Media rights & conference revenue · Deficits, subsidies & debt · Donors & endowments · Private schools · Revenue sharing tracker · Known NIL deals · Tax filings (990s) · Sources
- Type
- Private universities
- School / group
- Wake Forest University
- EIN
- 560532138
- Location
- Winstonsalem, NC
- IRS ruling date
- 2001-05-01
- Filings on record
- 25 (June 2001 to June 2025); 15 with extracted financials
- All filings
- [ProPublica Nonprofit Explorer]
- Connection to the school
- Official university-affiliated entity named in its own filings
Finances by year
Form 990 Part I, nominal dollars. Grants paid = Part I line 13. Click a column to sort.
| Fiscal year ending | Form | Revenue | Expenses | Net | Contributions | Grants paid | Officer & key-employee pay | Net assets | Source |
|---|---|---|---|---|---|---|---|---|---|
| June 2025 | 990 | $843.2M | $786.3M | $56.9M | $158.5M | $161.6M | $6.5M | $2.13B | [filing] [Part I] |
| June 2024 | 990 | $764.4M | $705.7M | $58.7M | $112.8M | $148.8M | $7.3M | $1.99B | [filing] [Part I] |
| June 2023 | 990 | $686.9M | $654.8M | $32.1M | $74.1M | $134.6M | $9.0M | $1.85B | [filing] [Part I] |
| June 2022 | 990 | $715.4M | $628.0M | $87.5M | $123.6M | $135.9M | $9.1M | $1.79B | [filing] [Part I] |
| June 2021 | 990 | $681.7M | $585.2M | $96.5M | $120.0M | $131.8M | $9.6M | $1.76B | [filing] [Part I] |
| June 2020 | 990 | $583.4M | $577.6M | $5.8M | $86.0M | $125.0M | $7.4M | $1.44B | [filing] [Part I] |
| June 2019 | 990 | $636.5M | $553.7M | $82.7M | $112.3M | $120.1M | $7.6M | $1.44B | [filing] [Part I] |
| June 2018 | 990 | $583.4M | $514.5M | $68.9M | $85.9M | $112.4M | $5.2M | $1.36B | [filing] [Part I] |
| June 2017 | 990 | $650.7M | $497.7M | $153.0M | $156.0M | $111.6M | $5.2M | $1.28B | [filing] [Part I] |
| June 2016 | 990 | $482.3M | $478.1M | $4.2M | $72.1M | $106.3M | $7.6M | $1.12B | [filing] [Part I] |
| June 2015 | 990 | $541.0M | $453.3M | $87.7M | $87.1M | $98.1M | $4.7M | $1.12B | [filing] [Part I] |
| June 2014 | 990 | $516.2M | $451.3M | $64.9M | $93.9M | $92.9M | $5.3M | $1.08B | [filing] [Part I] |
| June 2013 | 990 | $496.8M | $414.5M | $82.3M | $97.9M | $86.8M | $5.4M | $975.0M | [filing] [Part I] |
| June 2012 | 990 | $422.9M | $400.4M | $22.5M | $63.6M | — | $5.5M | $879.9M | [filing] |
| June 2011 | 990 | $459.5M | $381.7M | $77.8M | $118.3M | — | $6.3M | $887.6M | [filing] |
| June 2010 | PDF only; no extracted financial data | [filing] | |||||||
| June 2009 | PDF only; no extracted financial data | [filing] | |||||||
| June 2008 | PDF only; no extracted financial data | [filing] | |||||||
| June 2007 | PDF only; no extracted financial data | [filing] | |||||||
| June 2006 | PDF only; no extracted financial data | [filing] | |||||||
| June 2005 | PDF only; no extracted financial data | [filing] | |||||||
| June 2004 | PDF only; no extracted financial data | [filing] | |||||||
| June 2003 | PDF only; no extracted financial data | [filing] | |||||||
| June 2002 | PDF only; no extracted financial data | [filing] | |||||||
| June 2001 | PDF only; no extracted financial data | [filing] | |||||||
Athletics pay (Schedule J)
Coaches and athletics administrators listed on the university's Schedule J, by year, in dollars as filed. Schedule J lists only employees above the IRS reporting threshold who are among the highest paid, so “not listed” does not mean unpaid. Totals include deferred and nontaxable items, so they can differ from contract figures.
June 2025 [Schedule J]
| Name (as filed) | Title (as filed) | Base | Bonus | Other reportable | Retirement / deferred | Nontaxable benefits | Total |
|---|---|---|---|---|---|---|---|
| David P Clawson | Football Coach | $4,763,190 | $30,000 | $76,809 | $34,500 | $46,574 | $4,951,073 |
| Steve Forbes | Men's BktBall Co | $2,387,140 | $92,000 | $36,353 | $25,875 | $45,299 | $2,586,667 |
| John A Currie | Director of Athletics | $984,090 | $240,000 | $30,311 | $75,875 | $47,701 | $1,377,977 |
| Warren D Ruggiero | F'ball Offensive Coordinat | $1,063,438 | $0 | $7,458 | $34,500 | $41,570 | $1,146,966 |
| Brad Lambert | F'ball Defensive Coordinat | $871,590 | $8,000 | $7,458 | $17,250 | $32,535 | $936,833 |
June 2024 [Schedule J]
| Name (as filed) | Title (as filed) | Base | Bonus | Other reportable | Retirement / deferred | Nontaxable benefits | Total |
|---|---|---|---|---|---|---|---|
| David P Clawson | Football Coach | $4,664,128 | $30,000 | $80,419 | $33,000 | $45,095 | $4,852,642 |
| Steve Forbes | Men's BktBall Co | $2,237,878 | $0 | $43,698 | $24,750 | $37,917 | $2,344,243 |
| John A Currie | Director of Athletics | $797,528 | $310,000 | $38,856 | $99,750 | $51,713 | $1,297,847 |
| Warren D Ruggiero | F'ball Offensive Coordinat | $1,014,338 | $45,000 | $7,883 | $33,000 | $39,601 | $1,139,822 |
| Tom Walter | Baseball Coach | $672,124 | $237,500 | $5,973 | $33,000 | $16,045 | $964,642 |
| Brad Lambert | F'ball Defensive Coordinat | $847,534 | $45,000 | $8,183 | $16,500 | $31,262 | $948,479 |
June 2023 [Schedule J]
| Name (as filed) | Title (as filed) | Base | Bonus | Other reportable | Retirement / deferred | Nontaxable benefits | Total |
|---|---|---|---|---|---|---|---|
| David P Clawson | Football Coach | $4,565,341 | $75,000 | $68,680 | $30,500 | $41,889 | $4,781,410 |
| Steve Forbes | Men's BktBall Co | $1,955,657 | $1,074,000 | $38,522 | $15,250 | $30,004 | $3,113,433 |
| Warren D Ruggiero | F'ball Offensive Coordinator | $991,736 | $50,000 | $11,639 | $30,500 | $26,710 | $1,110,585 |
| John A Currie | Director of Athletics | $761,241 | $150,000 | $43,547 | $97,875 | $43,375 | $1,096,038 |
| Brad Lambert | F'ball Defensive Coordinator | $770,863 | $0 | $27,465 | $15,250 | $25,588 | $839,166 |
June 2022 [Schedule J]
| Name (as filed) | Title (as filed) | Base | Bonus | Other reportable | Retirement / deferred | Nontaxable benefits | Total |
|---|---|---|---|---|---|---|---|
| Daniel R Manning | Former Men's BktBall Co | $0 | $0 | $14,658,459 | $0 | $0 | $14,658,459 |
| David P Clawson | Football Coach | $3,747,247 | $415,000 | $58,708 | $21,750 | $41,951 | $4,284,656 |
| Steve Forbes | Men's BktBall Co | $1,556,364 | $0 | $45,373 | $14,500 | $29,189 | $1,645,426 |
| John A Currie | Director of Athletics | $793,197 | $262,000 | $39,106 | $52,000 | $30,103 | $1,176,406 |
| Warren D Ruggiero | Asst F'ball Coach | $667,899 | $146,000 | $7,458 | $21,750 | $16,251 | $859,358 |
| Lyle Joseph Hemphill | Asst F'ball Coach | $533,658 | $46,000 | $7,035 | $21,750 | $25,597 | $634,040 |
| Ronald D Wellman | Former Director of Athletics | $300,470 | $0 | $11,301 | $29,000 | $10,088 | $350,859 |
June 2021 [Schedule J]
| Name (as filed) | Title (as filed) | Base | Bonus | Other reportable | Retirement / deferred | Nontaxable benefits | Total |
|---|---|---|---|---|---|---|---|
| David P Clawson | Football Coach | $3,298,883 | $0 | $57,286 | $21,375 | $41,696 | $3,419,240 |
| Steve Forbes | Men's BktBall Co | $993,397 | $0 | $87,227 | $14,250 | $18,727 | $1,113,601 |
| Daniel R Manning | Men's BktBall Co | $760,849 | $0 | $8,530 | $21,375 | $7,924 | $798,678 |
| John A Currie | Director of Athletics | $680,933 | $0 | $34,111 | $14,250 | $30,058 | $759,352 |
| Warren D Ruggiero | Asst F'ball Coach | $617,847 | $74,000 | $9,181 | $21,375 | $16,309 | $738,712 |
| Ronald D Wellman | Former Director of Athletics | $493,278 | $0 | $22,603 | $28,500 | $20,587 | $564,968 |
June 2020 [Schedule J]
| Name (as filed) | Title (as filed) | Base | Bonus | Other reportable | Retirement / deferred | Nontaxable benefits | Total |
|---|---|---|---|---|---|---|---|
| David P Clawson | Football Coach | $3,374,295 | $130,000 | $48,790 | $21,000 | $36,986 | $3,611,071 |
| Daniel R Manning | Mens BktBall Co | $2,309,338 | $205,000 | $24,882 | $21,000 | $19,992 | $2,580,212 |
| Warren D Ruggiero | Asst F'ball Coach | $506,195 | $31,500 | $8,277 | $21,000 | $15,188 | $582,160 |
| Thomas Walter | Baseball Coach | $443,476 | $13,800 | $22,594 | $28,000 | $18,130 | $526,000 |
| John A Currie | Director of Athletics on 05/19 | $551,571 | $100,349 | — | — | — | — |
| Ronald D Wellman | Director of Athletics to 04/19 | $796,542 | $26,250 | — | — | — | — |
June 2019 [Schedule J]
| Name (as filed) | Title (as filed) | Base | Bonus | Other reportable | Retirement / deferred | Nontaxable benefits | Total |
|---|---|---|---|---|---|---|---|
| David P Clawson | Football Coach | $2,124,611 | $90,000 | $35,962 | $20,625 | $31,871 | $2,303,069 |
| Daniel R Manning | Basketball Coach | $1,587,070 | $2,500 | $536,132 | $20,625 | $24,273 | $2,170,600 |
| Jay A Sawvel | Asst F'ball Coach | $428,736 | $21,000 | $168,975 | $13,750 | $23,187 | $655,648 |
| Ronald D Wellman | Director of Athletics | $919,730 | $2,105,548 | — | — | — | — |
June 2018 [Schedule J]
| Name (as filed) | Title (as filed) | Base | Bonus | Other reportable | Retirement / deferred | Nontaxable benefits | Total |
|---|---|---|---|---|---|---|---|
| David P Clawson | Football Coach | $1,928,798 | $160,000 | $42,671 | $20,250 | $37,344 | $2,189,063 |
| Daniel R Manning | Basketball Coach | $1,927,364 | $27,500 | $39,045 | $20,250 | $26,326 | $2,040,485 |
| Jay Sawvel | Asst F'ball Coach | $514,141 | $24,984 | — | — | — | — |
| Ronald D Wellman | Director of Athletics | $762,188 | $42,485 | — | — | — | — |
June 2017 [Schedule J]
| Name (as filed) | Title (as filed) | Base | Bonus | Other reportable | Retirement / deferred | Nontaxable benefits | Total |
|---|---|---|---|---|---|---|---|
| Daniel R Manning | Basketball Coach | $1,764,596 | $28,515 | — | — | — | — |
| David P Clawson | Football Coach | $1,759,763 | $33,068 | — | — | — | — |
| Michael Elko | Asst F'ball Coach | $539,613 | $9,133 | — | — | — | — |
| Ronald D Wellman | Director of Athletics | $740,157 | $45,965 | — | — | — | — |
June 2016 [Schedule J]
| Name (as filed) | Title (as filed) | Base | Bonus | Other reportable | Retirement / deferred | Nontaxable benefits | Total |
|---|---|---|---|---|---|---|---|
| David P Clawson | Football Coach | $1,649,544 | $30,000 | $109,682 | $13,250 | $24,894 | $1,827,370 |
| Daniel R Manning | Basketball Coach | $1,676,471 | $7,000 | $29,413 | $13,250 | $22,744 | $1,748,878 |
| Michael Elko | Asst F'ball Coach | $340,182 | $5,000 | $9,816 | $13,250 | $23,643 | $391,891 |
| Ronald D Wellman | Director of Athletics | $720,521 | $47,168 | — | — | — | — |
June 2015 [Schedule J]
| Name (as filed) | Title (as filed) | Base | Bonus | Other reportable | Retirement / deferred | Nontaxable benefits | Total |
|---|---|---|---|---|---|---|---|
| David P Clawson | Football Coach | $1,686,236 | $100,000 | $290,991 | $13,000 | $22,939 | $2,113,166 |
| Jeffrey Bzdelik | Basketball Coach | $692,994 | $15,000 | $527,824 | $19,500 | $12,156 | $1,267,474 |
| Daniel R Manning | Basketball Coach | $1,164,789 | — | — | — | — | — |
| Jim B Grobe | Football Coach | $361,217 | — | — | — | — | — |
| Ronald D Wellman | Director of Athletics | $700,425 | — | — | — | — | — |
June 2014 [Schedule J]
| Name (as filed) | Title (as filed) | Base | Bonus | Other reportable | Retirement / deferred | Nontaxable benefits | Total |
|---|---|---|---|---|---|---|---|
| Jeffrey Bzdelik | Basketball Coach | $1,368,364 | $26,861 | $1,443,463 | — | — | $2,167,376 |
| Jim B Grobe | Football Coach | $2,167,376 | $33,269 | $2,256,922 | — | — | $996,889 |
| Ronald D Wellman | Director of Athletics | $685,207 | $290,381 | $1,039,249 | — | — | $393,702 |
June 2013: Older Schedule J layout could not be parsed reliably; read the linked schedule directly [filing]
Top-paid people by year (Part VII)
Up to five highest-paid officers, directors, key employees and highest-compensated employees per year. Total = reportable pay from the organization + from related organizations + estimated other compensation, as filed.
| Fiscal year ending | Name and title (as filed) | Total pay | Source |
|---|---|---|---|
| June 2025 | David P Clawson (Football Coach) Steve Forbes (Men's Bktball Co) Susan R Wente Phd (President & Trustee) John A Currie (Director Of Athletics) Warren D Ruggiero (F'ball Offensive Coordinat) | $4.95M $2.59M $1.88M $1.38M $1.15M | [filing] |
| June 2024 | David P Clawson (Football Coach) Steve Forbes (Men's Bktball Co) Susan R Wente Phd (President & Trustee) John A Currie (Director Of Athletics) B Hofler Milam (Former Evp, Cfo, Treas) | $4.85M $2.34M $1.80M $1.30M $1.21M | [filing] |
| June 2023 | David P Clawson (Football Coach) Steve Forbes (Men's Bktball Co) Susan R Wente Phd (President & Trustee) Warren D Ruggiero (F'ball Offensive Coordinator) John A Currie (Director Of Athletics) | $4.78M $3.11M $1.71M $1.11M $1.10M | [filing] |
| June 2022 | Daniel R Manning (Former Men's Bktball Co) David P Clawson (Football Coach) B Hofler Milam (Evp, Cfo, Treas) Nathan O Hatch (Former President) Steve Forbes (Men's Bktball Co) | $14.66M $4.28M $2.34M $1.96M $1.65M | [filing] |
| June 2021 | David P Clawson (Football Coach) Nathan O Hatch Phd (Pres. & Trustee) Rogan Kersh Phd (Provost) Steve Forbes (Men's Bktball Co) Andrew R Chan (Vp Career Development) | $3.42M $1.75M $1.23M $1.11M $1.06M | [filing] |
| June 2020 | David P Clawson (Football Coach) Daniel R Manning (Mens Bktball Co) Julie A Freischlag Md (Evp Health Aff.) Nathan O Hatch Phd (Pres. & Trustee) B Hofler Milam (Evp, Cfo, Treas) | $3.61M $2.58M $2.51M (incl. $2.06M related) $2.02M $975K | [filing] |
| June 2019 | Ronald D Wellman (Director Of Athletics) Nathan O Hatch Phd (Pres. & Trustee) David P Clawson (Football Coach) Daniel R Manning (Basketball Coach) B Hofler Milam (Evp, Cfo, Treas) | $3.07M $2.38M $2.30M $2.17M $951K | [filing] |
| June 2018 | David P Clawson (Football Coach) Daniel R Manning (Basketball Coach) Nathan O Hatch Phd (Pres. & Trustee) Ronald D Wellman (Director Of Athletics) B Hofler Milam (Evp, Cfo, Treas) | $2.19M $2.04M $1.89M $1.20M $958K | [filing] |
| June 2017 | David P Clawson (Football Coach) Daniel R Manning (Basketball Coach) Nathan O Hatch Phd (President) B Hofler Milam (Exec Vp & Cfo) Ronald D Wellman (Director Of Athletics) | $1.83M $1.83M $1.69M $1.24M $1.15M | [filing] |
| June 2016 | Nathan O Hatch Phd (President) David P Clawson (Football Coach) Daniel R Manning (Basketball Coach) Ronald D Wellman (Director Of Athletics) Rogan Kersh Phd (Provost) | $4.23M $1.83M $1.75M $1.11M $844K | [filing] |
| June 2015 | David P Clawson (Football Coach) Jim B Grobe (Football Coach) Nathan O Hatch Phd (President) Daniel R Manning (Basketball Coach) Jeffrey Bzdelik (Basketball Coach) | $2.11M $1.69M $1.46M $1.30M $1.27M | [filing] |
| June 2014 | Jim B Grobe (Football Coach) Jeffrey Bzdelik (Basketball Coach) Nathan O Hatch Phd (President) Ronald D Wellman (Director Of Athletics) James J Dunn (Chf Inv Officer) | $2.26M $1.44M $1.41M $1.04M $809K | [filing] |