2023-07-05T10:45:59-04:00 2022-12-31 561138530 BUTLER BURKE LLP 100 CLUB OAKS COURT SUITE A WINSTONSALEM NC 27104 990 2022-01-01 510436665 GREATER WINSTON-SALEM DEVELOPMENT CORP GREA 3367289200 525 VINE STREET SUITE 240 WINSTONSALEM NC 27101 MARK OWENS PRESIDENT/CEO 3367289200 2023-07-05 true MARK OWENS 999009999 false JANE R POTTER P01057495 3367682310 2023-07-05 2022 2023-04-26 12:10:37Z X X MARK OWENS 525 VINE STREET SUITE 240 WINSTONSALEM NC 27101 791137 false X WWW.WINSTONSALEM.COM X 2003 NC TO FACILITATE GROWTH AND ECONOMIC DIVERSIFICATION IN WINSTON-SALEM AND FORSYTH COUNTY. 7 7 0 30 0 609350 760534 0 5397 15942 13499 14661 628246 791137 0 0 494146 528977 0 0 548800 279030 1042946 808007 -414700 -16870 1483788 1389916 127818 91973 1355970 1297943 TO RECRUIT NEW BUSINESSES TO WINSTON-SALEM AND FORSYTH COUNTY IN ORDER TO FACILITATE GROWTH AND ECONOMIC DIVERSIFICATION IN THE AREA. false false 608290 THE ORGANIZATION SUPPORTS THE LOCAL BUSINESS COMMUNITY IN ITS EFFORT TO INCREASE INVESTMENT AND JOBS THROUGHOUT FORSYTH COUNTY, NC. WE TARGET THE FOLLOWING INDUSTRIES FOR ECONOMIC GROWTH AND EXPANSION: HEALTHCARE/LIFE SCIENCE, AEROSPACE/AVIATION, HEADQUARTERS & BUSINESS SERVICES, ADVANCED MANUFACTURING (TRANSPORTATION/LOGISTICS AND FOOD & BEVERAGE MANUFACTURING), TECHNOLOGY & HIGH GROWTH ENTREPRENEURSHIP. WE EMPHASIZE INNOVATION AND ENTREPRENEURSHIP ACROSS ALL TARGET SECTORS, TO RECOGNIZE WINSTON-SALEM'S STRENGTH IN INNOVATIVE THOUGHT AND CREATIVE ECONOMY. 608290 true true false false false false false false false false true true false false true true false true false false false false false false false false false false false true false false false false false false false false false false false false false true false false false true 0 0 0 false false false false false false false false false false false false X 7 7 false false false false false false false true true false false true true true true false false true true false NC X X NICK REED 3367289200 525 VINE STREET SUITE 240 WINSTONSALEM NC 27101 MARK OWENS PRESIDENT/CE 16.00 24.00 X 0 278250 22840 NICK REED CFO 12.00 28.00 X 0 157753 19016 LAURA LEE SVP OF ECONO 40.00 0.00 X 0 128400 18167 MAMIE SUTPHIN TRUSTEE 1.00 X 0 0 0 STEVE LINEBERGER TRUSTEE 1.00 X 0 0 0 TODD HALL TRUSTEE 1.00 X 0 0 0 DAVID NEILL CHAIR 1.00 X X 0 0 0 CATHY PACE VICE CHAIR 1.00 X X 0 0 0 JOHN DAVENPORT TREASURER 1.00 X X 0 0 0 DR JANET SPRIGGS SECRETARY 1.00 X X 0 0 0 564403 60023 false true false 258594 226875 275065 760534 15942 15942 MISCELLANEOUS 14661 14661 14661 791137 30603 173467 102371 71096 269496 207627 61869 23557 18255 5302 32918 25209 7709 29539 20719 8820 4742 3035 1707 1978 1978 338 338 127102 127102 12612 9302 3310 62211 30899 31312 1191 1191 2120 2120 3699 2404 1295 3028 1938 1090 OTHER PROGRAM FEES 33967 33967 MISCELLANEOUS 17385 16935 450 EQUIPMENT AND REPAIR 8657 4878 3779 808007 608290 199717 0 163153 263615 542970 292698 13354 46147 3946 5052 203431 6763 196286 196668 564079 585736 1483788 1389916 5847 13211 121971 78762 127818 91973 X 1321970 1242443 34000 55500 1355970 1297943 1483788 1389916 -16870 -41157 X false true X true false X 524548 693177 391600 609350 760534 2979209 524548 693177 391600 609350 760534 2979209 479949 2499260 189 2143 929 5397 15942 24600 4484 13499 14661 32644 3036453 0.82310 0.89780 X PART II, LINE 10 OTHER INCOME 32,644 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 186115 186115 17316 6763 10553 196668 INVESTMENTS 585736 F 585736 DUE TO RELATED ORGANIZATIONS 78762 78762 X 748002 -41157 -41157 789159 1978 1978 791137 806029 806029 1978 1978 808007 SCHEDULE D, PAGE 3, PART X THE ORGANIZATION IS A NOT-FOR-PROFIT ORGANIZATION AND IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) 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 ITS EXEMPT PURPOSE. THE ORGANIZATION'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 ORGANIZATION HAS NO UNCERTAIN TAX POSITIONS THAT WOULD BE SUBJECT TO CHANGE UPON EXAMINATION. THE ORGANIZATION IS REQUIRED TO FILE A FEDERAL EXEMPT ORGANIZATION TAX RETURN (FORM 990) ANNUALLY TO RETAIN ITS EXEMPT STATUS. THE ORGANIZATION IS ALSO REQUIRED TO FILE AN EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN (FORM 990-T) FOR ANY YEAR UNRELATED BUSINESS INCOME EXCEEDS 1,000. THE ORGANIZATION'S FORM 990 FILINGS ARE GENERALLY SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR THREE YEARS AFTER THEY ARE FILED. X true true X X X X X false false false false false false false false false MARK OWENS PRESIDENT/CEO 238000 12500 27750 14280 8560 301090 NICK REED CFO 140000 10000 7753 14000 5016 176769 SCHEDULE J, PAGE 1, PART I, LINE 1A SOCIAL CLUB DUES ARE PROVIDED BY THE ORGANIZATION WHEN MEMBERSHIP FULFILLS GREATER WINSTON-SALEM INC.'S PURPOSE. ALL SUCH DUES ARE MONITORED FOR PERSONAL USE AND INCLUDED IN TAXABLE COMPENSATION WHEN APPLICABLE. FORM 990, PAGE 6, PART VI, LINE 11B THE FEDERAL FORM 990 IS REVIEWED AND APPROVED BY THE FILING ORGANIZATION'S FINANCE COMMITTEE. THE FINAL 990 IS MADE AVAILABLE TO ALL BOARD OF DIRECTORS ONCE APPROVED BY THE FINANCE COMMITTEE AND BEFORE IT IS SUBMITTED TO THE IRS. FORM 990, PAGE 6, PART VI, LINE 12C THE ORGANIZATION REQUIRES DIRECTORS AND OFFICERS TO ANNUAL REVIEW THE ORGANIZATIONS' CONFLICT OF INTEREST POLICY AND DISCLOSE ANNUALLY (AND AS THEY ARISE) ANY POTENTIAL CONFLICTS OF INTEREST. THE POLICY PROVIDES FOR THE DETERMINATION OF CONFLICTS OF INTEREST AND THE RESOLUTION OF POTENTIAL AND ACTUAL CONFLICTS. FORM 990, PAGE 6, PART VI, LINE 15A THE BOARD CHAIR IS GIVEN THE AUTHORITY TO RECOMMEND AN APPROPRIATE SALARY RANGE AND BENEFITS PACKAGE FOR THE PRESIDENT / CEO. THE BOARD CHAIR HAS ACCESS TO COMPENSATION SURVEYS AND OTHER MARKET DATA TO ENSURE THAT THE ORGANIZATION IS PAYING A COMPETITIVE AND REASONABLE COMPENSATION TO THE PRESIDENT/CEO. THE BOARD CHAIR TAKES THE COMPENSATION RECOMMENDATION TO THE EXECUTIVE COMMITTEE FOR FORMAL APPROVAL AND THIS INFORMATION IS INCLUDED IN THE ANNUAL BUDGET THAT IS FORMALLY APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 15B SEE EXPLANATION FOR LINE 15A. FORM 990, PAGE 6, PART VI, LINE 18 THE ORGANIZATION'S FORM 990 IS AVAILABLE TO THE PUBLIC ON WWW.GUIDESTAR.ORG. GUIDESTAR INDEPENDENTLY POSTS TAX-EXEMPT ORGANIZATION'S FORM 990 ON THEIR WEBSITE, OBTAINED FROM THE INTERNAL REVENUE SERVICE. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION'S ARTICLES OF INCORPORATION ARE AVAILABLE TO THE PUBLIC ON REQUEST AND ARE AVAILABLE ON THE WEBSITE OF THE NORTH CAROLINA SECRETARY OF STATE. THE ORGANIZATIONS BYLAWS ARE NOT PUBLISHED, BUT PROVISIONS FROM THE BYLAWS ARE INCLUDED AS NECESSARY IN THE ORGANIZATIONS POLICIES. THE ORGANIZATION'S CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC ON REQUEST. GREATER WINSTON-SALEM INC 525 VINE STREET SUITE 240 WINSTONSALEM NC 27101 560459820 SEE PT VII NC 501C6 NA false GREATER W-S INC FOUNDATION 525 VINE STREET SUITE 240 WINSTONSALEM NC 27101 510167887 SEE PT VII NC 501C3 7 SEE PT VII true false false true false false false false false false false false false false true true true true true true SCHEDULE R PART II, PRIMARY ACTIVITY: GREATER WINSTON-SALEM INC.: TO PROMOTE AND ENCOURAGE BUSINESS DEVELOPMENT IN WINSTON-SALEM AND FORSYTH COUNTY. GREATER WINSTON-SALEM INC. FOUNDATION: PROVIDE PHILANTHROPIC AND ELEEMOSYNARY SERVICES TO THE PEOPLE OF WINSTON-SALEM. PART II, DIRECT CONTROLLING ENTITY: GREATER WINSTON-SALEM INC. FOUNDATION: GREATER WINSTON-SALEM INC.