2025-11-17T12:50:39-05:00 2024-12-31 561138530 BUTLER BURKE LLP 100 CLUB OAKS COURT SUITE A WINSTONSALEM NC 27104 990 2024-01-01 510436665 GREATER WINSTON-SALEM DEVELOPMENT CORP GREA 3367289200 525 VINE STREET SUITE 240 WINSTONSALEM NC 27101 MARK OWENS PRESIDENT/CEO 3367289200 2025-11-15 true false JANE R POTTER P01057495 3367682310 2025-11-15 2024 2025-03-06 01:10:19Z MARK OWENS 525 VINE STREET SUITE 240 WINSTONSALEM NC 27101 818444 false X WWW.WINSTONSALEM.COM X 2003 NC TO FACILITATE GROWTH AND ECONOMIC DIVERSIFICATION IN WINSTON-SALEM AND FORSYTH COUNTY. 10 10 0 75 0 1554221 748403 0 66266 68698 1343 1620487 818444 50000 145000 0 652188 633837 0 0 207288 249727 909476 1028564 711011 -210120 2114188 2110610 81013 234589 2033175 1876021 TO RECRUIT NEW BUSINESSES TO WINSTON-SALEM AND FORSYTH COUNTY IN ORDER TO FACILITATE GROWTH AND ECONOMIC DIVERSIFICATION IN THE AREA. false false 790198 145000 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. 790198 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 true false true false false false false false false false false false false false false false true false false false true 1 0 true 0 false false false false false false false false false false false false X 10 10 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 332810 25450 NICK REED CFO 12.00 28.00 X 0 168050 22455 MAMIE SUTPHIN TRUSTEE 1.00 X 0 0 0 DAVID NEILL TRUSTEE 1.00 X 0 0 0 STEVE LINEBERGER TRUSTEE 1.00 X 0 0 0 COLEMAN TEAM TRUSTEE 1.00 X 0 0 0 ELWOOD ROBINSON TRUSTEE 1.00 X 0 0 0 SAM METZLER TRUSTEE 1.00 X 0 0 0 CATHY PACE CHAIR 1.00 X X 0 0 0 APRILLE BELL TREASURER 1.00 X X 0 0 0 DR JANET SPRIGGS SECRETARY 1.00 X X 0 0 0 MIKE LANCASTER CHAIR ELECT 1.00 X X 0 0 0 500860 47905 false true false 285031 301874 161498 748403 68698 68698 MISCELLANEOUS INCOME 900099 1343 1343 1343 818444 70041 145000 145000 325433 228039 97394 232229 165870 66359 17733 12637 5096 25636 17225 8411 32806 22545 10261 4000 2560 1440 5133 3285 1848 2349 2349 3824 3824 54975 54975 24812 6976 17836 26471 13057 13414 16717 12244 4473 11510 10515 995 3543 2303 1240 4946 3165 1781 MISCELLANEOUS 39886 39685 201 PROGRAM EVENTS 27934 27934 OTHER PROGRAM FEES 13967 13967 EQUIPMENT AND REPAIR 7706 4392 3314 1954 1954 1028564 790198 238366 0 184184 214950 1219594 1178392 25500 40990 2140 24774 13029 15288 11745 628632 703383 2114188 2110610 7588 8633 73425 225956 81013 234589 X 1212915 1109388 820260 766633 2033175 1876021 2114188 2110610 -210120 52966 X false true X true false X 391600 609350 760534 1554221 748403 4064108 391600 609350 760534 1554221 748403 4064108 966906 3097202 929 5397 15942 47676 68698 138642 4484 13499 14661 1343 33987 4236737 0.73100 0.82320 X PART II, LINE 10 OTHER INCOME 33,987 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7255 7255 17519 13029 4490 11745 INVESTMENTS 703383 F 703383 DUE TO RELATED ORGANIZATIONS 225956 225956 X 869061 52966 52966 816095 2349 2349 818444 1026215 1026215 2349 2349 1028564 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. true FLYWHEEL FOUNDATION 500 W 5TH ST SUITE 800 WINSTONSALEM NC 27101 473707235 501C3 6200 ENTREPRENEURIAL WINSTON STARTS 889 N LIBERTY ST WINSTONSALEM NC 27107 821573081 501C3 15000 ENTREPRENEURIAL GOLER COMMUNITY DEVELOPMENT CORPORA 889 W FIFTH ST SUITE 400 WINSTONSALEM NC 27101 562118777 501C3 25000 ENTREPRENEURIAL COMMUNIDAD MUJER VALIOSA 648 MCLEAN AVE WINSTONSALEM NC 27127 844235788 501C3 9000 ENTREPRENEURIAL GREATER WINSTON-SALEM INC 525 VINE STREET SUITE 240 WINSTONSALEM NC 27101 560459820 501C6 59300 ENTREPRENEURIAL SG ATKINS COMMUNITY DEVELOPMENT COR 1922 S MARTIN LUTHER KING JR DRIVE WINSTONSALEM NC 27107 562087076 501C3 7500 ENTREPRENEURIAL 6 SCHEDULE I, PAGE 1, PART I, LINE 2 THE ORGANIZATION 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 false false false false false false false false false MARK OWENS PRESIDENT/CEO 259480 38950 34380 15569 9881 358260 25000 NICK REED CFO 150000 12000 6050 15000 7455 190505 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.