2026-05-13T11:16:57-00:00 2025-06-30 581910650 Murphy and Company PC 1475 Klondike Road Suite 100 Conyers GA 30094 990 2024-07-01 560989620 Winston-Salem State University Foundation Inc WINS 3367503005 Campus Box 19537 No 304 Winston Salem NC 27110 Kevan Turman Vice ChancellorExecutive Director 3367503005 2026-05-13 true Dane Alexander P01684380 4048740555 2026-05-13 2024 2025-03-06 01:10:19Z Kevan Turman Campus Box 19537 No 304 Winston Salem NC 27110 15611421 false X X 1970 NC To provide financial support to the students and faculty of Winston-Salem State University. 17 17 47 0 4884363 5959216 987625 5019332 117023 1334062 3041490 3298811 9030501 15611421 1497185 1165097 0 278202 542896 0 61949 10825864 12834866 12601251 14542859 -3570750 1068562 97879162 105317585 27204479 29112848 70674683 76204737 X To provide financial support to the students and faculty of Winston-Salem State University. false false 1165097 1165097 Scholarship Assistance to students The Foundation supports students through scholarship assistance and related educational support. 7340360 5019332 Student/Faculty Special Assistance The Foundation extended its support to various campus programs and initiatives, including the university choir, the Red Sea of Sound marching band, and the athletics department, which encompasses golf, basketball, football, volleyball, and cheerleading. Furthermore, it contributed to AI training and development, as well as technological advancements. Additionally, the foundation supported international programs aimed at enhancing study abroad opportunities for faculty and staff, fostering student leadership development, and providing career services. 1623923 Operational and Program Support The Foundation has successfully enhanced operational efficiency and effectiveness by utilizing administrative fees and contract services, which have allowed for improved resource management, regulatory compliance, and mission execution. Additionally, alumni engagement has been significantly strengthened through events and entertainment designed to foster connections and encourage ongoing support for the university. Furthermore, the foundation has actively supported university activities and initiatives by covering expenses related to meals, travel, lodging, and other costs associated with faculty development, student recruitment, and special projects. 2709730 12839110 true true false false false false false false false true true true false false true true true true false false false false false false false false false true false true true false false false false false false false false false false false false false false true false false false false true 116 0 47 true false false false false false false false false false false false false X 17 17 false false false false false false false true true false false true true true true true true false false false NC X The Foundation 3367503154 Campus Box 19537 Suite 304 Winston Salem NC 27110 Mr Kevan Turman Executive Director 040.00 X X 0 235000 0 Mr Alfredo Aguilar Chief Operating Officer 040.00 X X 165000 0 0 Ms Kristie Swink Benson Director 001.00 X 0 0 0 Dr Tamara Holmes Brothers Vice Chair 001.00 X X 0 0 0 Ms Nicole Carr Director 001.00 X 0 0 0 Mr Marcus Cox Chair 001.00 X 0 0 0 Dr Siobahn Day Grady Secretary 001.00 X 0 0 0 Mr Jonathan Lindsay Director 001.00 X 0 0 0 Ms Candrice T Oliver Secretary 001.00 X X 0 0 0 The Honorable Camille Banks-Prince Director 001.00 X 0 0 0 Mr Tres J Vance Director 001.00 X 0 0 0 Mr Christopher Wilson Director 001.00 X 0 0 0 Mr Mo Wright Treasurer 001.00 X X 0 0 0 Dr Bonita Brown Director 001.00 X 0 0 0 Mr Terry Griffin Director 001.00 X 0 0 0 Dr Monty Hickman Director 001.00 X 0 0 0 Mr Harold Respass Director 001.00 X 0 0 0 Mr Robert Stephens Director 001.00 X 0 0 0 Dr Bernard Roper Director 001.00 X 0 0 0 165000 235000 2 false true false 5959216 5959216 Program income 900099 4905707 4905707 Lease income 900099 113625 113625 5019332 1334062 1334062 Administrative fee income 900099 1055726 1055726 Gain of early extinguishment of debt 900099 2243085 2243085 3298811 15611421 9652205 1165097 1165097 0 0 0 400000 400000 0 142896 142896 0 0 0 0 0 0 0 0 1304647 1304647 20515 20515 0 147268 108301 38967 0 138660 110600 28060 287730 196662 91068 0 0 1130457 1130457 0 202771 202771 0 Special programs 7352222 7340360 11862 Foundation administrative fees 542917 542917 Alumni events entertainment 884184 198523 662532 23129 Meals 402956 322723 75506 4727 420539 418823 1716 14542859 12839110 1641800 61949 3370748 3280012 6108622 6612225 1537833 18337 151988 22639392 21599499 8626 8626 14153523 458049 5028088 13695474 60705349 58431928 97879162 105317585 1219414 3382546 25985065 24358616 1371686 27204479 29112848 X 30022531 34795046 40652152 41409691 70674683 76204737 97879162 105317585 1068562 5861492 -1400000 X false true X true false X 33527059 5694322 4902708 4884363 5959216 54967668 33527059 5694322 4902708 4884363 5959216 54967668 54967668 202621 738199 643817 117023 1334062 3035722 467695 282248 544979 294311 1055726 2644959 60648349 0.90630 0.93490 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false 41763664 7600000 5267229 1478830 53152063 36825350 1843169 4665967 1570822 41763664 36621465 1491156 -42172 1245099 36825350 24764575 11043817 1077431 264358 36621465 16829280 1553627 6640061 258393 24764575 0.38000 0.62000 true false 8655534 8655534 5355400 336701 5018699 142589 121348 21241 13695474 Financial derivatives and other financial products Closely-held equity interests Money market 2434564 Mutual funds 2646459 Stocks 198842 UNC Investment Fund 53152063 58431928 Federal income taxes X 21472913 5861492 5861492 15611421 15611421 14542859 14542859 14542859 V 4 Endowment funds are established to support student scholarships, student and faculty development, and student services. Earnings on all endowed funds are disbursed based on written criteria established by our donors. X 2 The Foundation is a not-for-profit organization and is exempt from income taxes under Section 501c3 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 LLC is considered to be a disregarded entity directly controlled by the Foundation. The Foundations 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, inclusive of the LLC, 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 Foundations Form 990 filings are generally subject to examination by the Internal Revenue Service for three years after they are filed. true Winston-Salem State University 601 S Martin Luther King Jr Drive Winston Salem NC 27110 566001466 GOV 1165097 Student Scholarships 1 Part I Line 2 Grant funds are disbursed based on the intentions of our donors. When the Foundation receives a written request to grant funds, those grants are made from funds where the stated criteria align with the grant request. false false false false false false false false false Mr Kevan Turman Executive Director 226096 8904 235000 Mr Alfredo Aguilar Chief Operating Officer 153996 11004 165000 Part II Line 1 Executive Director, K. Turman is paid by Winston-Salem State University, and not the Foundation. Turman currently serves as the Vice Chancellor of Advancement Executive Director of the Foundation. The Foundation does not reimburse the University for Turmans salary. A Winston Salem State University Housing Fund 560989620 000000000 2016-09-08 13235000 Student Housing false false false B Winston Salem State University 566001466 975705ce2 2024-06-26 16130311 Student Housing false false false A 13235000 true false false false B 16130311 true false false false A false false false false false false false B false false false false false false false A false false false false false false false false false B false false false false false false false false false A false B false Form 990, Part III, Line 4d Program Service Expenses 2,709,730, Grants and allocations 0, Revenue 0 Foundation Management and Development The Foundation has successfully modernized its infrastructure by investing in technology software and website enhancements, significantly improving its online presence, communication, and data management capabilities. Additionally, the foundation has achieved financial stability through effective management of interest expenses related to debt and investments, thereby strengthening its overall financial health and enhancing its capacity to support the university in the long term. Form 990, Part VI, Section B, Line 11b The Board is supplied an electronic copy of the Form 990 before it is filed. Form 990, Part VI, Section B, Line 12c At the beginning of each meeting the Chair reads the following statement As Chair of the Board, it is my responsibility to remind all members of the Board of their duty to avoid conflicts of interest and appearances of conflict of interest as defined in our conflict of interest policy and statement annual filing. Each member has received the agenda and related information for this meeting. If any Board Member knows of any conflict of interest or appearance of conflict with respect to any matter coming before the Foundation board at this meeting, the conflict or appearance of conflict should be identified at this time. This statement and any identified conflicts are included in the meeting minutes. Form 990, Part VI, Section C, Line 19 The Foundation makes its governing documents, conflict of interest policy and financial statements available to the public on request. Documents may be viewed in the offices of the Foundation. Form 990, Part III, Line 1 The Winston-Salem State University Foundation, Incorporated the Foundation, a non-profit corporation, solicits and collects contributions to provide scholarships and aid to students and faculty of Winston-Salem State University the University and financial support for the educational programs of the University. Form 990, Part III, Line 4c Student Housing Facility The Foundation, through wholly owned subsidiary, Winston-Salem State University Housing Foundation, LLC the LLC, operates three student housing facilities. The first, Rams Commons, is a 446-bed facility situated on approximately 7.7 acres adjacent to the University campus. It includes four residential buildings, one community center, and off-site parking. The second student housing facility, Gleason-Hairston Terrace, is situated on approximately 8.3 acres. The 405-bed facility is located on the southwest side of the University campus. Gleason-Hairston opened for student occupancy in August 2025. Foundation Heights, the third privatized student housing project sponsored by the foundation was funded through and additional bond issue. This four-story apartment community, situated on approximately 6 acres on the southwest side of the campus, includes one residential building containing 72 units and a total of 316 beds. Foundation Heights opened for student occupancy in 2007. Rams Commons, Gleason-Hairston Terrace and Foundation Heights are leased to Winston Salem State University by the LLC.