2024-10-22T13:14:00-04:00 2023-12-31 561138530 BUTLER BURKE LLP 100 CLUB OAKS COURT SUITE A WINSTONSALEM NC 27104 990 2023-01-01 560459820 GREATER WINSTON-SALEM INC GREA 3367289200 525 VINE STREET SUITE 240 WINSTONSALEM NC 27101 MARK OWENS PRESIDENT/CEO 3367289200 2024-10-22 true false JANE R POTTER P01057495 3367682310 2024-10-22 2023 2024-10-15 13:58:12Z MARK OWENS 525 VINE STREET SUITE 240 WINSTONSALEM NC 27101 2797906 false X WWW.WINSTONSALEM.COM X 1942 NC TO PROMOTE AND ENCOURAGE BUSINESS DEVELOPMENT IN WINSTON-SALEM AND FORYSTH COUNTY. 31 31 18 100 0 428026 1183168 2124053 1550449 23471 45790 17639 9295 2593189 2788702 390995 352401 0 1214054 1227122 0 0 654303 870535 2259352 2450058 333837 338644 3397180 3836667 713166 781896 2684014 3054771 X GREATER WINSTON-SALEM INC. IS A LEADING BUSINESS ORGANIZATION IN WINSTON- SALEM AND FORSYTH COUNTY. THE ORGANIZATION IS FOCUSED ON ESTABLISHING WINSTON-SALEM AS A TECHNOLOGY-DRIVEN ECONOMIC CENTER. GREATER WINSTON-SALEM INC. OFFERS SERVICES TO STRENGTHEN EXISTING BUSINESSES, TO ENCOURAGE SMALL BUSINESS CREATION, AND TO DEVELOP A TALENTED WORKFORCE WITHIN FORSYTH COUNTY. false false MEMBERSHIP SERVICES: TO INCREASE AND SUPPORT MEMBERSHIP IN GREATER WINSTON-SALEM INC. THROUGH VARIOUS ACTIVITIES AND EVENTS SUCH AS SMALL BUSINESS FORUMS, EXECUTIVE DIALOG GROUPS, SMALL BUSINESS RESOURCES, AND MEMBER NETWORKING EVENTS. ECONOMIC AND EDUCATIONAL DEVELOPMENT: TO PROMOTE AND INCREASE LOCAL BUSINESS WITHIN THE WINSTON-SALEM/FORSYTH COUNTY AREA, SPECIFICALLY FOCUSING ON DEVELOPING HIGH-TECH OPPORTUNITIES/BUSINESS BASE AND THE NECESSARY COMMUNITY INFRASTRUCTURE THROUGH EDUCATIONAL AND COMMUNITY PARTNERSHIPS DESIGNED TO ENSURE THE PROFICIENCY OF THE CURRENT AND FUTURE WORKFORCE FOR LOCAL MANUFACTURING/SERVICE INDUSTRIES AND NEW BUSINESS INITIATIVES. COMMUNICATION AND PUBLIC POLICY: TO KEEP LOCAL BUSINESSES INFORMED ON PUBLIC POLICY ISSUES, INCLUDING BUSINESS INCENTIVES, EDUCATION, GOVERNMENT REGULATION, TAXES AND LOCAL INITIATIVES, AND TO PRODUCE VARIOUS WRITTEN/MEDIA COMMUNICATIONS FOR GREATER WINSTON-SALEM INC.'S ACTIVITIES. false true false true false false false false false true true false true false true false true false false false false false false false false false true false true false false false false false false false false false false false true true true false true 15 0 true 18 true false false false false false false false false X 31 31 false false false false true false false true true false false true true false true true true true true false NC X X NICK REED 3367289200 525 VINE STREET SUITE 240 WINSTONSALEM NC 27101 MARK OWENS PRESIDENT/CE 24.00 16.00 X 285430 0 24421 NICK REED CFO 28.00 12.00 X 165512 0 21223 LAURA LEE SVP OF ECONO 0.00 40.00 X 132856 0 16129 STEVE LINEBERGER DIRECTOR 1.00 X 0 0 0 CHRIS FOX DIRECTOR 1.00 X 0 0 0 SCOTT SEWELL DIRECTOR 1.00 X 0 0 0 COLEMAN TEAM DIRECTOR 1.00 X 0 0 0 ELISE PETERS CAREY DIRECTOR 1.00 X 0 0 0 JENNIFER BYRNE DIRECTOR 1.00 X 0 0 0 RANDALL TUTTLE DIRECTOR 1.00 X 0 0 0 TERRY HALES DIRECTOR 1.00 X 0 0 0 TODD HALL DIRECTOR 1.00 X 0 0 0 BRYAN SWERBINSKY DIRECTOR 1.00 X 0 0 0 JIMMY FLYTHE DIRECTOR 1.00 X 0 0 0 MAMIE SUTPHIN DIRECTOR 1.00 X 0 0 0 SAM METZLER DIRECTOR 1.00 X 0 0 0 JEFF LINDSAY FORMER CHAIR 1.00 X 0 0 0 AUBREY LINVILLE DIRECTOR 1.00 X 0 0 0 BRENT WADDELL DIRECTOR 1.00 X 0 0 0 JASON WENKER DIRECTOR 1.00 X 0 0 0 JONATHAN ALLEN DIRECTOR 1.00 X 0 0 0 DR JULIA JACKSON-NEWSOM DIRECTOR 1.00 X 0 0 0 MICHAEL ROGERS DIRECTOR 1.00 X 0 0 0 DAVID NEILL FORMER CHAIR 1.00 X 0 0 0 JOHN DAVENPORT JR DIRECTOR 1.00 X 0 0 0 JANET SPRIGGS DIRECTOR 1.00 X 0 0 0 TRENT JERNIGAN DIRECTOR 1.00 X 0 0 0 BILL MCCLAIN DIRECTOR 1.00 X 0 0 0 DAVID MULLEN DIRECTOR 1.00 X 0 0 0 SHAY MUSTAFA DIRECTOR 1.00 X 0 0 0 CATHY PACE BOARD CHAIR 1.00 X X 0 0 0 APRILLE BELL TREASURER 1.00 X X 0 0 0 ELWOOD ROBINSON SECRETARY 1.00 X X 0 0 0 MIKE LANCASTER CHAIR ELECT 1.00 X X 0 0 0 583798 61773 3 false true false 1167743 15425 1183168 MEMBERSHIP DUES 561499 1153886 1153886 BUSINESS CONNECTING 900099 396563 396563 1550449 54994 54994 9204 -9204 -9204 -9204 OTHER REVENUE 900099 9295 9295 9295 2788702 1550449 55085 352401 316625 539593 94447 166900 109557 9676 20553 2964 131077 27700 99804 9544 2208 22330 22909 PROGRAM EVENTS 447162 DUES AND SUBSCRIPTIONS 60783 BANK CHARGES 8168 PROFESSIONAL DEVELOPMENT 5091 566 2450058 0 0 0 1980504 1410952 376351 365660 42717 30065 1018091 90490 62949 927601 775805 832416 158854 269973 3397180 3836667 111189 147967 569584 633929 32393 713166 781896 X 2147831 2839931 536183 214840 2684014 3054771 3397180 3836667 338644 32113 X false true X true true true RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false 1153885 29787 29787 34617 -4830 136019 90490 45529 882072 882072 927601 PTP SECURITIES 832416 F 832416 DUE FROM RELATED ORGANIZATIONS 269973 269973 X 2474834 32113 9204 41317 2433517 2964 352221 355185 2788702 2104077 9204 9204 2094873 2964 352221 355185 2450058 SCHEDULE D, PAGE 3, PART X GREATER WINSTON-SALEM INC. 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 ITS EXEMPT PURPOSE. GREATER WINSTON-SALEM INC.'S PRIMARY TAX POSITION 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 GREATER WINSTON-SALEM INC. HAS NO UNCERTAIN TAX POSITIONS THAT WOULD BE SUBJECT TO CHANGE UPON EXAMINATION. GREATER WINSTON-SALEM INC. IS REQUIRED TO FILE A FEDERAL EXEMPT ORGANIZATION TAX RETURN (FORM 990) ANNUALLY TO RETAIN ITS EXEMPT STATUS. GREATER WINSTON-SALEM INC. IS ALSO REQUIRED TO FILE AN EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN (FORM 990-T) FOR ANY YEAR UNRELATED BUSINESS INCOME EXCEEDS 1,000. GREATER WINSTON-SALEM INC.'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 LOSS REFLECTED AS REVENUE 9,204 SCHEDULE D, PAGE 4, PART XI, LINE 4B MEMBERSHIP DUES RECEIVED & ALLOCATED TO DEVOLPMENT CORP. 352,221 SCHEDULE D, PAGE 4, PART XII, LINE 2D LOSS REFLECTED AS REVENUE 9,204 SCHEDULE D, PAGE 4, PART XII, LINE 4B MEMBERSHIP DUES RECEIVED & ALLOCATED TO DEVOLPMENT CORP. 352,221 true SIGHTSOURCE LLC 1959 N PEACEHAVEN RD 177 WINSTONSALEM NC 27106 264575762 17500 TECH RECRUITMENT WINSTON-SALEM STATE UNIVERSITY 601 S MARTIN LUTHER KING DR WINSTONSALEM NC 27110 566001446 10000 TECH RECRUITMENT GREATER WINSTON-SALEM DEVELOPMENT CORP 525 VINE STREET SUITE 240 WINSTONSALEM NC 27101 510436665 501C3 267221 OPERATING SUPPORT BRINTER INC 2219 MAIN ST SANTA MONICA CA 90405 873376230 10000 TECH RECRUITMENT GOLER COMMUNITY DEVELOPMENT CORPORATION 889 NORTH LIBERTY STREET WINSTONSALEM NC 27101 562118777 12000 TECH RECRUITMENT 1 4 X true true X X X X X true false false MARK OWENS PRESIDENT/CEO 250000 13125 22305 15000 9421 309851 NICK REED CFO 149792 10600 5120 14979 6244 186735 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. SCHEDULE J, PAGE 1, PART I, LINE 4 LAURA LEE 63,591 0 0 SCHEDULE J, PART III PART 1, LINE 4A: SEVERANCE PAYMENT - LAURA LEE LAURA LEE RECEIVED A TOTAL OF 63,591 RELATED TO HER SEPARATION FROM EMPLOYMENT. 33,591 WAS PAID IN 2023 AND IS INCLUDED IN COMPENSATION REPORTED ON THIS FORM 990 AND 30,000 WILL BE PAID OUT IN 2024. FORM 990 - ORGANIZATION'S MISSION GREATER WINSTON-SALEM INC. IS A LEADING BUSINESS ORGANIZATION IN WINSTON- SALEM AND FORSYTH COUNTY. THE ORGANIZATION IS FOCUSED ON ESTABLISHING WINSTON-SALEM AS A TECHNOLOGY-DRIVEN ECONOMIC CENTER. GREATER WINSTON-SALEM INC. OFFERS SERVICES TO STRENGTHEN EXISTING BUSINESSES, TO ENCOURAGE SMALL BUSINESS CREATION, AND TO DEVELOP A TALENTED WORKFORCE WITHIN FORSYTH COUNTY. FORM 990, PAGE 6, PART VI, LINE 6 GREATER WINSTON-SALEM INC. IS A MEMBERSHIP ORGANIZATION OF LOCAL BUSINESSES. 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 W-S INC FOUNDATION 525 VINE STREET SUITE 240 WINSTONSALEM NC 27101 510167887 SEE PT VII NC 501C3 7 SEE PT VII true GREATER WINSTON-SALEM DEVELOPMENT CORP 525 VINE STREET SUITE 240 WINSTONSALEM NC 27101 510436665 SEE PT VII NC 501C3 7 SEE PT VII true false true false false false false false false false false false false false true true true true true true GREATER WINSTON-SALEM DEVELOPMENT CORP B 267221 CASH GREATER WINSTON-SALEM DEVELOPMENT CORP O 652187 CASH GREATER WINSTON-SALEM FOUNDATION O 58462 CASH SCHEDULE R PART II, PRIMARY ACTIVITY: GREATER WINSTON-SALEM INC. FOUNDATION: PROVIDE PHILANTHROPIC AND ELEEMOSYNARY SERVICES TO THE PEOPLE OF WINSTON-SALEM. GREATER WINSTON-SALEM DEVELOPMENT CORP.: TO RECRUIT NEW BUSINESSES TO WINSTON-SALEM AND FORSYTH COUNTY TO FACILITATE GROWTH AND ECONOMIC DIVERSIFICATION IN THE AREA. PART II, DIRECT CONTROLLING ENTITY: GREATER WINSTON-SALEM INC. FOUNDATION: GREATER WINSTON-SALEM INC. GREATER WINSTON-SALEM DEVELOPMENT CORP.: GREATER WINSTON-SALEM INC.