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 510167887 GREATER WINSTON-SALEM INC FOUNDATION 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 60247 false X WWW.WINSTONSALEM.COM X 1975 NC REPRESENT THE GREATER WINSTON-SALEM'S PHILANTHROPIC AND ELEEMOSYNARY INTERESTS. 7 7 0 50 0 348804 60130 0 65 117 0 348869 60247 444050 219600 0 66838 58462 0 0 11293 121747 522181 399809 -173312 -339562 914333 754936 270698 450863 643635 304073 X TO CARRY OUT THOSE ACTIVITIES IN THE INTEREST OF THE PEOPLE OF WINSTON- SALEM AND FORSYTH COUNTY AND WHICH ARE OF A PHILANTHROPIC AND ELEEMOSYNARY NATURE FOCUSING ON ENTREPRENEURIAL GRANT INITIATIVE TO SUPPORT THE GROWTH OF WINSTON-SALEM'S BUSINESSES AND INNOVATION ECONOMY. false false 399600 219600 EDUCATION PROGRAMS FUNDS CONTRIBUTED TO ADDRESS EDUCATION ISSUES INCLUDING IMPROVING HIGH SCHOOL GRADUATION RATES THROUGH MENTORSHIP PROGRAMS, PARTNERING LOCAL BUSINESSES AND LOCAL SCHOOLS AND RECRUITING CORPORATE VOLUNTEERS TO WORK WITH LOCAL ELEMENTARY SCHOOL AGE CHILDREN. SMALL BUSINESS PROGRAMS FUNDS CONTRIBUTED TO SUPPORT (1) AN OPERATING GRANT PROGRAM IN SUPPORT OF BUSINESSES LOCATED WITHIN FORSYTH COUNTY THAT ARE ADVERSELY IMPACTED BY FEDERALLY OR STATE-DECLARED DISASTERS IN ORDER TO COMBAT COMMUNITY DETERIORATION AND TO LESSEN THE BURDENS OF GOVERNMENT AND (2) ENTREPRENEURIAL GRANT INITIATIVES TO SUPPORT THE GROWTH OF WINSTON- SALEM'S INNOVATION ECONOMY. 399600 true true false false false false false false false false false false false false true 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 false false true false false false true 13 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 true true false false false NC X X NICK REED 3367289200 525 VINE STREET SUITE 240 WINSTONSALEM NC 27101 MARK OWENS PRESIDENT/CE 1.00 40.00 X 0 285430 24421 NICK REED CFO 2.00 38.00 X 0 165512 21223 LAURA LEE SVP OF ECONO 0.00 40.00 X 0 132856 16129 AJAY PATEL TRUSTEE 1.00 X 0 0 0 BRENT WADDELL TRUSTEE 1.00 X 0 0 0 ROB SIMON TRUSTEE 1.00 X 0 0 0 KATIE POWER TRUSTEE 1.00 X 0 0 0 STEVE BAGLEY TRUSTEE 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 583798 61773 false true false 60130 60130 117 117 60247 117 219600 219600 58462 58462 MISCELLANEOUS 100209 100000 209 EVENTS 21538 21538 399809 399600 209 0 389125 414982 490208 305240 35000 34714 914333 754936 223000 219600 47698 231263 270698 450863 X 34040 46578 609595 257495 643635 304073 914333 754936 -339562 X false true X true false X 40898 1626999 102500 348804 60130 2179331 40898 1626999 102500 348804 60130 2179331 566264 1613067 1 6 65 117 189 100 1 101 2179621 0.74010 0.76930 X PART II, LINE 10 OTHER INCOME 101 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED DUE TO RELATED ORGANIZATIONS 231263 231263 X 90920 30673 30673 60247 60247 430482 30673 30673 399809 399809 SCHEDULE D, PAGE 3, PART X GREATER WINSTON-SALEM INC. FOUNDATION 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 THEIR 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. true NATA BELLES 456 KNOLLWOOD STREET WINSTONSALEM NC 27103 871570621 15000 BUSINESS MINORITY PR HEAVEN NAILS STUDIO LLC 5952 UNIVERSITY PARKWAY WINSTONSALEM NC 27105 873681046 8500 BUSINESS MINORITY PR LELO'S CUBAN CAFE 2069 PEMBROOKE FOREST DRIVE WINSTONSALEM NC 27106 881522497 10000 BUSINESS MINORITY PR LILLY'S NETWORK 1715 BREWER ROAD WINSTONSALEM NC 27127 811679325 10000 BUSINESS MINORITY PR TORO TRENCHING LLC 7021 RED BANK RD GERMANTON NC 27019 862986376 15000 BUSINESS MINORITY PR RUBYG'S BUTTERCREME SENSATIONS 2050 INDEPENDENCE ROAD WINSTONSALEM NC 27106 843217729 15000 BUSINESS MINORITY PR SMITH'S PRIMARY CARE AND WELLNESS 2200 SILAS CREEK PARKWAY STE 6B WINSTONSALEM NC 27103 874546674 17250 BUSINESS MINORITY PR CREATE A HEART MARKETING LLC 2380 BROMLEY TERRACE APT 203 WINSTONSALEM NC 27103 861291750 10000 BUSINESS MINORITY PR RESET AND HEAL PLLC 4122 CHERRYLAUREL LANE WINSTONSALEM NC 27106 871909573 17250 BUSINESS MINORITY PR CISCO SITE SERVICES LLC 2310 MULLINS DRIVE WINSTONSALEM NC 27107 842206887 10000 BUSINESS MINORITY PR COUNSELING WITH A PURPOSE 900 OLD WINSTON RD SUITE 104 KERNERSVILLE NC 27284 825240174 15000 BUSINESS MINORITY PR MACK'S BARBER & BEAUTY STUDIO 1215 LINK RD SUITE G-H WINSTONSALEM NC 27103 853628784 10000 BUSINESS MINORITY PR NU DIMENSIONS HAIR STUDIO 8001 NORTHPOINT BLVD SUITE E WINSTONSALEM NC 27106 832926208 10000 BUSINESS MINORITY PR SERENITY COUNSELING & RESOURCE CENT 1510 MARTIN STREET SUITE 103 WINSTONSALEM NC 27103 371555844 10000 BUSINESS MINORITY PR INFINITY CARE LLC 3640 WESTGATE CENTER CIRCLE SUITE WINSTONSALEM NC 27103 821997919 10000 BUSINESS MINORITY PR LUTIN DISTRIBUTION INC 4786 KINNAMON ROAD WINSTONSALEM NC 27103 823296760 16600 BUSINESS MINORITY PR 16 SCHEDULE I, PAGE 1, PART I, LINE 2 THE FOUNDATION HAS IMPLEMENTED POLICIES AND PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS THAT ARE INTENDED TO ESTABLISH APPROPRIATE AND EFFECTIVE CONTROLS TO PROMOTE COMPLIANCE WITH ALL CONTRACTUAL ARRANGEMENTS. PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS INCLUDE BUT ARE NOT LIMITED TO A FORMAL PREQUALIFICATION PROCESS, COMPLIANCE CERTIFICATIONS, REVIEW OF FINANCIAL AND OTHER PERTINENT INFORMATION FROM A RECIPIENT TO ENSURE COMPLIANCE AND DELIVERABLES ARE WITHIN THE TERMS AND CONDITIONS OF THE AWARD DOCUMENT. true false false false false false false 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 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 TO CARRY OUT THOSE ACTIVITIES IN THE INTEREST OF THE PEOPLE OF WINSTON- SALEM AND FORSYTH COUNTY AND WHICH ARE OF A PHILANTHROPIC AND ELEEMOSYNARY NATURE FOCUSING ON ENTREPRENEURIAL GRANT INITIATIVE TO SUPPORT THE GROWTH OF WINSTON-SALEM'S BUSINESSES AND INNOVATION ECONOMY. FORM 990, PAGE 6, PART VI, LINE 11B PRIOR TO FILING, THE FEDERAL FORM 990 IS REVIEWED AND APPROVED BY THE FILING ORGANIZATIONS BOARD OF DIRECTORS. 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 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 WINSTON-SALEM DEVELOPMENT CORP 525 VINE STREET SUITE 240 WINSTONSALEM NC 27101 510436665 SEE PT VII NC 501C3 7 SEE PT VII true false false false 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 DEVELOPMENT CORP.: TO RECRUIT NEW BUSINESSES TO WINSTON-SALEM AND FORSYTH COUNTY TO FACILITATE GROWTH AND ECONOMIC DIVERSIFICATION IN THE AREA. PART II, CONTROLLING ENTITY: GREATER WINSTON-SALEM INC. DEVELOPMENT CORP: GREATER WINSTON-SALEM INC.