2023-05-15T08:23:29-04:00 2022-12-31 561138530 BUTLER BURKE LLP 100 CLUB OAKS COURT SUITE A WINSTONSALEM NC 27104 990 2022-01-01 208548088 TWIN CITY DEVELOPMENT FOUNDATION TWIN 3367773595 711 COLISEUM PLAZA COURT WINSTONSALEM NC 271065350 ROBERT EGLESTON EXECUTIVE DIRECTOR 3367773595 2023-05-15 true ROBERT EGLESTON XXX-XX-XXXX false JANE R POTTER P01057495 3367682310 2023-05-15 2022 2023-04-26 12:10:37Z ROBERT EGLESTON 711 COLISEUM PLAZA CT WINTSONSALEM NC 27106 1554865 false X WWW.TWINCITYFOUNDATION.ORG X 2007 NC TO FUND PUBLIC EDUCATION AND ECONOMIC DEVELOPMENT IN FORSYTH COUNTY AND SURROUNDING AREAS. 12 12 0 14 0 160139 0 0 514865 -87186 -46384 -28300 628620 -115486 585000 329000 0 24000 24000 0 0 50219 91505 659219 444505 -30599 -559991 16743150 13639500 88615 27061 16654535 13612439 TO FUND, THROUGH GRANTS, PUBLIC EDUCATION AND ECONOMIC DEVELOPMENT IN FORSYTH COUNTY AND SURROUNDING AREAS. false false FUNDING, THROUGH GRANTS, EDUCATIONAL AND ECONOMIC DEVELOPMENT IN FORSYTH COUNTY AND SURROUNDING AREAS. false false false false false false false false false false false false false false true true false false false false false false false false false false true false false false false false false false false false false false false false false false false true 3 0 true 0 false false false false false false false false false false false false false false X 12 12 false true false false false false false true true false false false false false false false false false LISA VENABLE 3367773595 711 COLISEUM PLAZA CT WINSTONSALEM NC 27106 ROBERT EGLESTON EXECUTIVE DI 12.00 X 24000 0 0 MAMIE SUTPHIN DIRECTOR 0.20 X 0 0 0 KARL YENA DIRECTOR 0.20 X 0 0 0 WILL BAUCOM END 1222 DIRECTOR 0.20 X 0 0 0 DEBORAH BEST DIRECTOR 0.20 X 0 0 0 GREG BREWER DIRECTOR 0.20 X 0 0 0 VIVIAN PEREZ CHANDLER DIRECTOR 0.20 X 0 0 0 CAROL DAVIS DIRECTOR 0.20 X 0 0 0 DAMON SANDERS-PRATT DIRECTOR 0.20 X 0 0 0 MELVIN SCALES DIRECTOR 0.20 X 0 0 0 ANDY DREYFUSS CHAIR 0.20 X X 0 0 0 RALPH WOMBLE VICE CHAIR/T 0.20 X X 0 0 0 ROBERT CLARK PAST CHAIR 0.20 X X 0 0 0 STEPHEN POE 2ND PAST CHA 0.20 X X 0 0 0 24000 false false false 356892 356892 59196 89046 -29850 -29850 -29850 212227 925000 1581305 212227 -656305 -444078 -444078 MISCELLANEOUS INCOME 1550 1550 1550 -115486 -115486 329000 24000 1635 15960 32258 2109 2825 5753 MISCELLANEOUS 29124 DUES AND SUBSCRIPTIONS 1841 444505 0 0 0 849318 570449 1222 219 187591 1537051 14167968 13068832 16743150 13639500 3615 2061 85000 25000 88615 27061 X 16654535 13612439 16654535 13612439 16743150 13639500 -559991 -2482105 X false true X true false X -2540802 -2482105 89047 -2393058 -147744 32258 32258 -115486 501294 89047 89047 412247 32258 32258 444505 SCHEDULE D, PAGE 3, PART X THE FOUNDATION IS A NOT-FOR-PROFIT ORGANIZATION AND IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, INCOME TAX EXPENSE IS LIMITED TO ACTIVITIES THAT ARE DEEMED BY THE INTERNAL REVENUE SERVICE TO BE UNRELATED TO THEIR EXEMPT PURPOSE. THE FOUNDATION'S PRIMARY TAX POSITIONS RELATE TO ITS STATUS AS A NOT-FOR-PROFIT ENTITY EXEMPT FROM INCOME TAXES AND CLASSIFICATION OF ACTIVITIES RELATED TO ITS EXEMPT PURPOSE. IT IS THE OPINION OF MANAGEMENT THAT THE FOUNDATION HAS NO UNCERTAIN TAX POSITIONS THAT WOULD BE SUBJECT TO CHANGE UPON EXAMINATION. THE FOUNDATION IS REQUIRED TO FILE A FEDERAL EXEMPT ORGANIZATION TAX RETURN (FORM 990) ANNUALLY TO RETAIN ITS EXEMPT STATUS. THE FOUNDATION IS ALSO REQUIRED TO FILE AN EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN (FORM 990-T) FOR ANY YEAR GROSS UNRELATED BUSINESS INCOME EXCEEDS 1,000. THE FOUNDATION'S FORM 990 FILINGS ARE GENERALLY SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR THREE YEARS AFTER THEY ARE FILED. SCHEDULE D, PAGE 4, PART XI, LINE 2D RENTAL EXPENSES NETTED WITH REVENUE 89,047 SCHEDULE D, PAGE 4, PART XII, LINE 2D RENTAL EXPENSES NETTED WITH REVENUE 89,047 false DOWNTOWN WINSTON-SALEM PARTNERSHIP 305 W 4TH STREET STE 2E WINSTONSALEM NC 27101 561945804 501C3 15000 ECONOMIC DEVELOPMENT PIEDMONT TRIAD PARTNERSHIP PO BOX 2672 HIGH POINT NC 27261 561750279 501C3 20000 ECONOMIC DEVELOPMENT GREATER WINSTON-SALEM INC 411 W 4TH STREET STE 211 WINSTONSALEM NC 27101 510167887 501C3 30000 ECONOMIC DEVELOPMENT WSSU FOUNDATION 304 BLAIR HALL WINSTONSALEM NC 27110 560989620 501C3 25000 EDUCATION TROSA INC 1820 JAMES ST DURHAM NC 27707 561861158 501C3 30000 ECONOMIC DEVELOPMENT CREATIC CORRIDORS COALITION 380-H KNOLLWOOD ST STE 229 WINSTONSALEM NC 27103 272760322 501C3 15000 ECONOMIC DEVELOPMENT HISPANIC LEAGUE OF THE PIED TRIAD 251 S SPRUCE ST WINSTONSALEM NC 27101 561791215 501C3 15000 EDUCATION REACH WOMEN'S NETWORK 2618 ARBOR PLACE CT WINSTONSALEM NC 27104 831574715 501C3 10000 EDUCATION AERO X FOUNDATION PO BOX 21565 WINSTONSALEM NC 27120 371876713 501C3 20000 EDUCATION SENIOR SERVICES INC 2895 SHOREFAIR DR WINSTONSALEM NC 27105 561085968 501C3 50000 EDUCATION IFB SOLUTIONS 7730 NORTH POINT DR WINSTONSALEM NC 27106 566001467 501C3 25000 ECONOMIC DEVELOPMENT KALEIDEUM 390 S LIBERTY ST WINSTONSALEM NC 27101 560815746 501C3 20000 EDUCATION FORSYTH MED CENTER FOUNDATION 1701 S HAWTHORNE RD WINSTONSALEM NC 27103 562120959 501C3 25000 ECONOMIC DEVELOPMENT AUTHORING ACTION 624 W 6TH ST STE 150 WINSTONSALEM NC 27101 383707584 501C3 15000 EDUCATION 14 SCHEDULE I, PAGE 1, PART I, LINE 2 TWIN CITY DEVELOPMENT FOUNDATION REQUIRES QUARTERLY WRITTEN DOCUMENTATION/SUMMARIES FROM EACH GRANT RECIPIENT. FORM 990, PAGE 6, PART VI, LINE 3 TWIN CITY DEVELOPMENT FOUNDATION USES ROBERT EGLESTON AND LISA VENABLE, BOTH INDEPENDENT CONTRACTORS, TO PERFORM THE ADMINISTRATIVE/MANAGEMENT FUNCTIONS OF THE FOUNDATION. FORM 990, PAGE 6, PART VI, LINE 11B THE GOVERNING BODY (BOARD OF DIRECTORS) DOES NOT REVIEW THE 990. THE 990 IS REVIEWED BY LISA VENABLE, AN INDEPENDENT CONTRACTOR. FORM 990, PAGE 6, PART VI, LINE 19 WE DO NOT ACCEPT NOR SOLICIT FUNDS FROM THE PUBLIC; THEREFORE, WE DO NOT MAKE OUR DOCUMENTS AVAILABLE FOR PUBLIC INSPECTION.