Greater Winston-Salem Inc Foundation

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

EIN: 510167887 ✦ Winstonsalem, NC ✦ Designated as a 501(c)(3)

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Overview

What is Greater Winston-Salem Inc Foundation?

The Greater Winston-Salem Inc Foundation is a philanthropic organization situated in Winston-Salem, North Carolina. Its primary focus lies in addressing education issues, aiming to improve high school graduation rates through mentorship programs, collaborations with local businesses and schools, and engaging corporate volunteers with local elementary school children. Additionally, the foundation supports small businesses within Forsyth County affected by federally or state-declared disasters through an operating grant program. To further bolster Winston-Salem's economy, the foundation also initiates entrepreneurial grants to foster business growth and innovation. In summary, the Greater Winston-Salem Inc Foundation exemplifies a commitment to enhancing the local community via educational and entrepreneurial initiatives.


Official website here: www.winstonsalem.com

Is Greater Winston-Salem Inc Foundation legitimate?

Greater Winston-Salem Inc Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Greater Winston-Salem Inc 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $66,838

For more financial information, click here


Official website here: www.winstonsalem.com

What is the mission statement of Greater Winston-Salem Inc Foundation?

The Greater Winston-Salem Inc Foundation represents philanthropic and charitable interests, primarily focusing on supporting the growth of local businesses and innovation in the economy of Winston-Salem. Their mission is to carry out activities that benefit the people of Winston-Salem and Forsyth County, with a specific focus on entrepreneurial grant initiatives. They contribute funds to education programs aimed at addressing educational issues, such as improving high school graduation rates through mentorship programs, partnering with local schools and businesses, and recruiting corporate volunteers to work with elementary school-aged children. Additionally, they provide funds for small business programs, including an operating grant program to support businesses adversely impacted by federal or state-declared disasters and entrepreneurial grant initiatives to foster the growth of Winston-Salem's innovation economy.


Official website here: www.winstonsalem.com

Who is the CEO of Greater Winston-Salem Inc Foundation?

Mark Owens is the President/Ce of Greater Winston-Salem Inc Foundation.


Official website here: www.winstonsalem.com

What is the revenue of Greater Winston-Salem Inc Foundation?

Greater Winston-Salem Inc Foundation's revenue in 2022 was $348,869.


Official website here: www.winstonsalem.com

Who are the executives of Greater Winston-Salem Inc Foundation and what are their salaries?

There 6 volunteers at Greater Winston-Salem Inc Foundation.


Here are 9 key members and their salaries:


Mark Owens (President/Ce)
  • Compensation: $0
  • Related: $278,250
  • Other: $22,840
Nick Reed (Cfo)
  • Compensation: $0
  • Related: $157,753
  • Other: $19,016
Laura Lee (Svp Of Econo)
  • Compensation: $0
  • Related: $128,400
  • Other: $18,167
Ajay Patel (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brent Waddell (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Aprille Bell (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rob Simon (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Neill (Board Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Davenport (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.winstonsalem.com

Where can I find the form 990 for Greater Winston-Salem Inc Foundation?

Greater Winston-Salem Inc Foundation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.winstonsalem.com

Learn more at the official website: www.winstonsalem.com

Mission Statement of Greater Winston-Salem Inc Foundation

Greater Winston-Salem Inc Foundation is dedicated to representing the philanthropic and charitable interests of the wider Winston-Salem community. Its mission is to carry out activities that serve the people of Winston-Salem and Forsyth County, focusing on initiatives that are of a philanthropic and charitable nature. One of its key areas of focus is an entrepreneurial grant initiative aimed at supporting the growth of Winston-Salem's businesses and innovation economy.

To accomplish this, the foundation contributes funds to address education issues. This includes supporting mentorship programs that aim to improve high school graduation rates by partnering local businesses, schools, and recruiting corporate volunteers to work with elementary school-aged children. Additionally, the foundation provides funds for small business programs. This includes an operating grant program to support businesses located within Forsyth County that are adversely impacted by federally or state-declared disasters. The goal is to combat community deterioration and lessen the burdens of government. The foundation also supports entrepreneurial grant initiatives to foster the growth of Winston-Salem's innovation economy.

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Impact




October, 2024

Greater Winston-Salem Inc Foundation significantly enhances the community by focusing on education and economic development. It actively works to improve high school graduation rates through mentorship programs, fostering partnerships between local businesses and schools, and mobilizing corporate volunteers to engage with elementary school children. These initiatives not only support students but also create a nurturing environment for their academic success.

Additionally, the Foundation contributes to the local economy through its small business programs. It provides operating grants to businesses affected by disasters, reducing community deterioration and aiding recovery efforts. The entrepreneurial grant initiatives further stimulate the growth of Winston-Salem’s innovation economy, empowering local entrepreneurs and fostering a vibrant business landscape.

Overall, the Foundation's efforts are pivotal in promoting educational achievements and supporting small businesses, ultimately strengthening the fabric of the Winston-Salem community and enhancing the quality of life for its residents.




This information is meant to be a general summary of Greater Winston-Salem Inc 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
$348,869 (2022)
Expenses
$522,181 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $65
  • Gross Receipts: $348,869

Assets and Liabilities:

  • Total Assets: $914,333
  • Total Liabilities: $270,698
  • Net Assets: $643,635

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Organization Details

Founding Year

1975

Principal Officer

Mark Owens

Main Address

525 VINE STREET SUITE 240, WINSTONSALEM, NC, 27101

NTEE Category

Code: T31 - Philanthropy

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