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Twin City Development Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 208548088 ✦ Winstonsalem, NC ✦ Designated as a 501(c)(6)

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Overview

What is Twin City Development Foundation?

Twin City Development Foundation is a nonprofit organization situated in Winston-Salem, North Carolina, specifically at 711 Coliseum Plaza Court. Their primary mission is to foster growth and advancement in the field of public education and economic development within Forsyth County and its surrounding areas. They accomplish this by providing grants, serving as a catalyst for positive change and development in the community.


Official website here: www.twincityfoundation.org

Is Twin City Development Foundation legitimate?

Twin City Development Foundation is a legitimate nonprofit organization registered as a 501(c)(6) entity. Twin City Development Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $24,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.twincityfoundation.org

What is the mission statement of Twin City Development Foundation?

The Twin City Development Foundation's mission is centered around providing financial support, primarily through grants, for the advancement of public education and economic development in its surrounding areas. The organization strives to contribute to these sectors in the hope of fostering growth and development in the local community. By providing funding, the foundation aims to contribute to the betterment of the educational system and the local economy, ultimately improving the overall quality of life for the community.


Official website here: www.twincityfoundation.org

Who is the CEO of Twin City Development Foundation?

Robert Egleston is the Executive Di of Twin City Development Foundation.


Official website here: www.twincityfoundation.org

What is the revenue of Twin City Development Foundation?

Twin City Development Foundation's revenue in 2022 was -$115,486.


Official website here: www.twincityfoundation.org

Who are the executives of Twin City Development Foundation and what are their salaries?

There 14 volunteers at Twin City Development Foundation.


Here are 14 key members and their salaries:


Robert Egleston (Executive Di)
  • Compensation: $24,000
  • Related: $0
  • Other: $0
Mamie Sutphin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Karl Yena (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Will Baucom End 1222 (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Deborah Best (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Greg Brewer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Vivian Perez Chandler (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carol Davis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Damon Sanders-Pratt (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Melvin Scales (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andy Dreyfuss (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ralph Womble (Vice Chair/T)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Clark (Past Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephen Poe (2Nd Past Cha)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.twincityfoundation.org

Where can I find the form 990 for Twin City Development Foundation?

Twin City Development Foundation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.twincityfoundation.org

Learn more at the official website: www.twincityfoundation.org

Mission Statement of Twin City Development Foundation

Twin City Development Foundation is a nonprofit organization dedicated to supporting public education and economic development in its local area and surrounding communities. With a mission to make a significant impact, the foundation funds various initiatives through grants, focusing on both educational and economic development projects. By providing financial assistance, Twin City Development Foundation aims to contribute to the growth and development of its community, ultimately fostering a thriving and well-educated population.

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Impact




October, 2024

Twin City Development Foundation significantly enhances public education and drives economic development in Forsyth County and its neighboring areas. By providing targeted funding through grants, the Foundation supports initiatives that strengthen educational opportunities, foster community growth, and stimulate local economies. This proactive approach not only improves access to quality education but also creates a more robust environment for economic advancement, ultimately benefiting the entire community. Through its efforts, the Foundation plays a vital role in promoting sustainable growth and community improvement in Winston-Salem and beyond.




This information is meant to be a general summary of Twin City Development Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
-$115,486 (2022)
Expenses
$444,505 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: -$87,186
  • Gross Receipts: $1,554,865

Assets and Liabilities:

  • Total Assets: $13,639,500
  • Total Liabilities: $27,061
  • Net Assets: $13,612,439

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Organization Details

Founding Year

2007

Principal Officer

Robert Egleston

Main Address

711 COLISEUM PLAZA COURT, WINSTONSALEM, NC, 271065350

NTEE Category

Code: S41 - Community improvement

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