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Wpda Inc

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

EIN: 453814914 ✦ Winstonsalem, NC ✦ Designated as a 501(c)(3)

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Overview

What is Wpda Inc?

Wpda Inc, based in Winston-Salem, North Carolina, is a nonprofit organization with a mission to drive economic growth and lessen the burden on local governments. They aim to revitalize an at-risk area by redeveloping a former tobacco manufacturing facility into research, manufacturing, distribution, and educational spaces, as well as multi-family residential units. This initiative supports the missions of local educational institutions by offering access to modern facilities. Wpda Inc's primary focus is on fostering job opportunities and contributing positively to its community.


Official website here: www.whitakerparknc.com/

Is Wpda Inc legitimate?

Wpda Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wpda Inc 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: $351,400
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.whitakerparknc.com/

What is the mission statement of Wpda Inc?

Wpda Inc's mission is geared towards fostering significant job growth and alleviating the financial burden on local governments in Winston-Salem and Forsyth County. The organization aims to prevent economic decay in a vulnerable area by redeveloping a former tobacco manufacturing facility, known as Whitaker Park, and its surrounding properties. This redevelopment includes establishing research and laboratory spaces, advanced manufacturing facilities, distribution centers, educational facilities, and multi-family residential units. Additionally, Wpda Inc supports the mission of local educational institutions by providing access to these facilities.


Official website here: www.whitakerparknc.com/

Who is the CEO of Wpda Inc?

Robert E Leak Jr is the Chairman of Wpda Inc.


Official website here: www.whitakerparknc.com/

What is the revenue of Wpda Inc?

Wpda Inc's revenue in 2022 was $83,719.


Official website here: www.whitakerparknc.com/

Who are the executives of Wpda Inc and what are their salaries?

There 15 volunteers at Wpda Inc.


Here are 16 key members and their salaries:


Donald E Flow (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Denise D Adams (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joe Budd (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jimmy Flythe (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Baughan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
J Allen Joines (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stan Kelly (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Donald Martin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
B Hofler Milam (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Sewell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Currie (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Whitaker Jr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
G William Joyner Iii (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rick King (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephen R Berlin Esq (Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert E Leak Jr (President)
  • Compensation: $336,400
  • Related: $0
  • Other: $0


Official website here: www.whitakerparknc.com/

Where can I find the form 990 for Wpda Inc?

Wpda Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.whitakerparknc.com/

Learn more at the official website: www.whitakerparknc.com/

Mission Statement of Wpda Inc

Wpda Inc, as a nonprofit organization, is committed to fostering meaningful job growth and lessening the burdens on the governments of Winston-Salem and Forsyth County. Their mission is twofold: first, they aim to prevent economic deterioration in an at-risk area by reusing and redeveloping a former tobacco manufacturing facility and surrounding properties. This redevelopment includes constructing research and laboratory spaces, advanced manufacturing facilities, distribution centers, and educational facilities. Secondly, Wpda Inc supports the mission of local educational institutions by providing access to these facilities. By doing so, they contribute to the overall development and growth of their community, ultimately promoting a better future for everyone involved.

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Impact




October, 2024

Wpda Inc significantly impacts the Winston-Salem and Forsyth County area by fostering meaningful job growth and economic stability. By focusing on the redevelopment of the Whitaker Park former tobacco manufacturing facility and surrounding properties, the organization aims to transform these spaces into vital research, laboratory, and advanced manufacturing facilities. This revitalization not only addresses the economic deterioration of at-risk areas but also enhances the local workforce's access to quality educational and research resources.

The initiative is designed to alleviate the financial burdens faced by local governments, thereby aiding in the overall economic health of the community. Furthermore, the inclusion of multi-family residential projects in the redevelopment plan aims to create vibrant living spaces, attracting new residents and stimulating further economic activity. Through these efforts, Wpda Inc plays a crucial role in supporting the community's growth and sustainability, ultimately contributing to a more prosperous future for the region.




This information is meant to be a general summary of Wpda Inc. 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
$83,719 (2022)
Expenses
$1,879,114 (2022)
Efficiency

Other financial information:

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

  • Investment Income: -$585,370
  • Program Service Revenue: $387,570
  • Gross Receipts: $1,158,687

Assets and Liabilities:

  • Total Assets: $16,592,896
  • Total Liabilities: $1,055,377
  • Net Assets: $15,537,519

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENTAL INCOME

Revenue

$387,570

Organization Details

Founding Year

2014

Principal Officer

Robert E Leak Jr

Main Address

95 W 32ND STREET, WINSTONSALEM, NC, 27105

NTEE Category

Code: S30 - Community improvement

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