Overview
What is Greater Winston-Salem Development Corp?
Greater Winston-Salem Development Corp is a nonprofit organization situated in Winston-Salem, North Carolina. Its primary mission is to stimulate economic growth and diversification within the local community of Forsyth County. This is accomplished by focusing on specific industries, including healthcare/life science, aerospace/aviation, headquarters and business services, advanced manufacturing, technology, and high-growth entrepreneurship. The organization promotes innovation and entrepreneurship across all sectors to highlight Winston-Salem's reputation for innovative thought and a creative economy. To achieve these goals, Greater Winston-Salem Development Corp works to attract new businesses to the area, ultimately contributing to its overall economic development.
Official website here: www.winstonsalem.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88%, Three-Star out of Four Star rating.
The Greater Winston-Salem Development Corp has been rated with an 88%, reflecting a solid performance in accountability and finance. The organization exhibits a strong governance structure with a fully independent board and effective financial oversight, indicated by perfect scores in several areas. Notably, they have no material diversion of assets and maintain a high program expense ratio of 77.23%, suggesting that a significant portion of their resources is directed towards their programs.
However, the organization does have some areas for improvement. They lack a whistleblower policy and a document retention and destruction policy, both of which are important for transparency and governance. Additionally, their tax form is not posted on their website, which could limit access to important financial information for stakeholders and potential donors.
Overall, while the Greater Winston-Salem Development Corp demonstrates commendable financial accountability and operational strengths, addressing the noted deficiencies in policy documentation would enhance their credibility and trustworthiness in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Greater Winston-Salem Development Corp legitimate?
Greater Winston-Salem Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Greater Winston-Salem Development Corp 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: $173,467
Professional Fundraising Fees: $0
Other Salaries and Wages: $269,496
For more financial information, click here
Official website here: www.winstonsalem.com
What is the mission statement of Greater Winston-Salem Development Corp?
The Greater Winston-Salem Development Corp's mission is centered around fostering growth and economic diversification. Their primary objective is to attract new businesses to facilitate growth in the specified sectors. These sectors include healthcare/life science, aerospace/aviation, headquarters and business services, advanced manufacturing, technology, and high-growth entrepreneurship. The organization supports the local business community in increasing investment and job creation, emphasizing innovation and entrepreneurship across all sectors. Their goal is to recognize and leverage Winston-Salem's strength in innovative thought and creative economy.
Official website here: www.winstonsalem.com
Who is the CEO of Greater Winston-Salem Development Corp?
Mark Owens is the President/Ce of Greater Winston-Salem Development Corp.
Official website here: www.winstonsalem.com
What is the revenue of Greater Winston-Salem Development Corp?
Greater Winston-Salem Development Corp's revenue in 2022 was $791,137.
Official website here: www.winstonsalem.com
Who are the executives of Greater Winston-Salem Development Corp and what are their salaries?
There 30 volunteers at Greater Winston-Salem Development Corp.
Here are 10 key members and their salaries:
- Compensation: $0
- Related: $278,250
- Other: $22,840
- Compensation: $0
- Related: $157,753
- Other: $19,016
- Compensation: $0
- Related: $128,400
- Other: $18,167
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.winstonsalem.com
Where can I find the form 990 for Greater Winston-Salem Development Corp?
Greater Winston-Salem Development Corp'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 Development Corp
Greater Winston-Salem Development Corp is dedicated to fostering growth and economic diversification in Winston-Salem and Forsyth County. Their mission is centered around attracting new businesses to the area, with the ultimate goal of driving expansion and development within specific industries. These targeted sectors include healthcare/life science, aerospace/aviation, headquarters and business services, advanced manufacturing, such as transportation and logistics and food & beverage manufacturing, technology, and high-growth entrepreneurship.
Embracing innovation and entrepreneurship across all sectors, Greater Winston-Salem Development Corp recognizes the region's strength in creative thinking and seeks to leverage this asset to support the local business community. By encouraging new investments and job opportunities, the organization aims to contribute to the overall economic growth and development of the area.
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Impact
July, 2024
The Greater Winston-Salem Development Corp's impact is substantial in facilitating growth and economic diversification in Winston-Salem and Forsyth County. By supporting the local business community to increase investment and jobs, the organization plays a crucial role in advancing various industries such as healthcare/life science, aerospace/aviation, headquarters & business services, advanced manufacturing (transportation/logistics and food & beverage manufacturing), technology, and high-growth entrepreneurship.
Emphasizing innovation and entrepreneurship across all target sectors, the Greater Winston-Salem Development Corp recognizes and leverages Winston-Salem's strength in innovative thought and a creative economy. Through its mission to recruit new businesses to the area, the organization actively contributes to the economic development and overall well-being of the community, driving community improvement and fostering a dynamic business environment in Winston-Salem and Forsyth County.
This information is meant to be a general summary of Greater Winston-Salem Development Corp. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $15,942
- Gross Receipts: $791,137
Assets and Liabilities:
- Total Assets: $1,389,916
- Total Liabilities: $91,973
- Net Assets: $1,297,943
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Organization Details
Founding Year
2003
Phone
(336) 728-9200Principal Officer
Mark Owens
Main Address
525 VINE STREET SUITE 240, WINSTONSALEM, NC, 27101
Website
www.winstonsalem.comNTEE Category
Code: S31 - Community improvement
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