Overview
What is Downtown Winston-Salem Foundation Inc?
The Downtown Winston-Salem Foundation Inc, located in Winston Salem, North Carolina, serves as an urban development organization. Their primary objective is to foster the revitalization of the city's downtown area. By promoting this revitalization, they aim to enhance the overall vitality and appeal of Downton Winston-Salem. The Foundation plays a significant role in this mission, actively working towards its achievement.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating.
The Downtown Winston-Salem Foundation Inc has received a high rating of 94% from Charity Navigator, reflecting strong accountability and financial health. The organization boasts 100% independent board members and has established comprehensive policies regarding conflicts of interest and whistleblower protections. Their program expense ratio is also impressive, indicating that a significant portion of their budget is directed towards their programs.
Strengths highlighted in the review include a solid governance structure with a fully independent board consisting of 14 members, and a perfect record in financial management with no material diversion of assets. The foundation demonstrates transparency by maintaining documented board meeting minutes and policies that ensure the ethical operation of the organization.
However, while the financials and governance are commendable, the summary does not discuss the specific impact of their programs or community engagement. Future evaluations could benefit from insights into the effectiveness of their initiatives to provide a more comprehensive view of their overall contributions to the community.
This AI summary has been generated from information found on Charity Navigator.
Is Downtown Winston-Salem Foundation Inc legitimate?
Downtown Winston-Salem Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Downtown Winston-Salem Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Downtown Winston-Salem Foundation Inc?
The Downtown Winston-Salem Foundation is an urban development organization that focuses on promoting the revitalization of its downtown area. Their mission is to actively work towards enhancing and improving the downtown sector, aiming to create a vibrant and inviting environment for the community. By fostering growth and development, the foundation strives to revitalize the downtown area, ultimately contributing to the overall well-being and progress of the community.
Who is the CEO of Downtown Winston-Salem Foundation Inc?
Jason Thiel is the Executive Director of Downtown Winston-Salem Foundation Inc.
What is the revenue of Downtown Winston-Salem Foundation Inc?
Downtown Winston-Salem Foundation Inc's revenue in 2022 was $63,556.
Who are the executives of Downtown Winston-Salem Foundation Inc and what are their salaries?
There 15 volunteers at Downtown Winston-Salem Foundation Inc.
Here are 12 key members and their salaries:
- 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
- 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
Where can I find the form 990 for Downtown Winston-Salem Foundation Inc?
Downtown Winston-Salem Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Downtown Winston-Salem Foundation Inc
The Downtown Winston-Salem Foundation Inc is an urban development organization with a primary focus on revitalizing the downtown area of Winston-Salem. Their mission is twofold, aiming to promote and facilitate the renovation of the downtown sector. By doing so, they strive to enhance the overall appeal and vitality of the downtown region, ultimately contributing to its continued growth and development.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Downtown Winston-Salem Foundation Inc plays a pivotal role in enhancing the vibrancy and appeal of Downtown Winston-Salem. By focusing on urban development and revitalization efforts, the organization fosters economic growth, attracts new businesses, and supports a thriving community atmosphere. Their initiatives contribute to improved public spaces, enhanced cultural offerings, and increased opportunities for local residents, ultimately creating a more dynamic urban environment. Through collaboration with stakeholders, the foundation works to elevate the downtown area, making it more accessible and enjoyable for both residents and visitors. The impact of their efforts is evident in the renewed energy and sense of community that defines Downtown Winston-Salem today.
This information is meant to be a general summary of Downtown Winston-Salem Foundation 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $118
- Program Service Revenue: $10,801
- Gross Receipts: $63,556
Assets and Liabilities:
- Total Assets: $1,505,328
- Total Liabilities: $0
- Net Assets: $1,505,328
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST INCOME - LOANS
Revenue
$10,801
Organization Details
Founding Year
1995
Principal Officer
Jason Thiel
Main Address
515 N CHERRY ST, WINSTON SALEM, NC, 27101
NTEE Category
Code: S31Z - Community improvement
If you are a representative of Downtown Winston-Salem Foundation Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.