Civic Intelligence

Twin City Development Foundation

990 • Fiscal year 2020 • EIN 20-8548088

Jan 01, 2020 to Dec 31, 2020 • Filed on Feb 14, 2022

Organization ProfileWWW.DATAMAX.COM
711 Coliseum Plaza CourtWinstonsalem, NC 27106-5350

(336) 777-3595

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

9th percentile

0.01x

Higher debt load relative to assets than 9% of similar nonprofits.

2020 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

13th percentile

0.07x

Higher debt load relative to revenue than 13% of similar nonprofits.

2020 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2020

Net Margin

100th percentile

90%

Higher net margin than 100% of similar nonprofits.

2020 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

9th percentile

$30,000

Higher top officer pay than 9% of similar nonprofits.

Top officer pay equals 1.2% of source-year revenue.

2020 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2020

Asset Growth

88th percentile

25%

Faster asset growth than 88% of similar nonprofits.

2020 filings • 501(c)6 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

96th percentile

82%

Faster revenue growth than 96% of similar nonprofits.

2020 filings • 501(c)6 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets9th percentile

Assets

Up

$14,960,601

Up $2,972,046 (+25%) from 2019

Net Assets

Up

$14,789,559

Up $3,167,166 (+27%) from 2019

Liabilities

Down

$171,042

Down $195,120 (-53%) from 2019

Revenue And Expenses
Liabilities / Revenue13th percentileNet Margin100th percentile

Revenue

Up

$2,506,722

Up $1,129,909 (+82%) from 2019

Expenses

Down

$242,582

Down $372,828 (-61%) from 2019

Net Income

Up

$2,264,140

Up $1,502,737 (+197%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth88th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20M$15M$10M$5.0M$0Assets 2011: $8,537,272Liabilities 2011: $150,053Net Assets 2011: $8,387,2192011Assets 2012: $9,071,469Liabilities 2012: $212,683Net Assets 2012: $8,858,7862012Assets 2013: $10,093,219Liabilities 2013: $124,452Net Assets 2013: $9,968,7672013Assets 2014: $10,273,194Liabilities 2014: $25,838Net Assets 2014: $10,247,3562014Assets 2015: $9,633,707Liabilities 2015: $32,764Net Assets 2015: $9,600,9432015Assets 2016: $10,033,401Liabilities 2016: $46,938Net Assets 2016: $9,986,4632016Assets 2017: $10,652,811Liabilities 2017: $261,569Net Assets 2017: $10,391,2422017Assets 2018: $9,213,607Liabilities 2018: $361,584Net Assets 2018: $8,852,0232018Assets 2019: $11,988,555Liabilities 2019: $366,162Net Assets 2019: $11,622,3932019Assets 2020: $14,960,601Liabilities 2020: $171,042Net Assets 2020: $14,789,5592020Assets 2021: $16,743,150Liabilities 2021: $88,615Net Assets 2021: $16,654,5352021Assets 2022: $13,639,500Liabilities 2022: $27,061Net Assets 2022: $13,612,4392022Assets 2023: $14,990,048Liabilities 2023: $50,270Net Assets 2023: $14,939,7782023Assets 2024: $16,423,153Liabilities 2024: $36,000Net Assets 2024: $16,387,1532024

Highlighted filing

2020

Assets$14,960,601
Liabilities$171,042
Net Assets$14,789,559
Open 2020 Filing

Operations Trend

Revenue Growth96th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $316,046Expenses 2011: $456,991Net Income 2011: -$140,9452011Revenue 2012: $357,836Expenses 2012: $353,680Net Income 2012: $4,1562012Revenue 2013: $602,468Expenses 2013: $290,373Net Income 2013: $312,0952013Revenue 2014: $882,647Expenses 2014: $393,367Net Income 2014: $489,2802014Revenue 2015: $345,221Expenses 2015: $364,374Net Income 2015: -$19,1532015Revenue 2016: $327,863Expenses 2016: $540,586Net Income 2016: -$212,7232016Revenue 2017: $915,467Expenses 2017: $857,587Net Income 2017: $57,8802017Revenue 2018: $257,478Expenses 2018: $643,644Net Income 2018: -$386,1662018Revenue 2019: $1,376,813Expenses 2019: $615,410Net Income 2019: $761,4032019Revenue 2020: $2,506,722Expenses 2020: $242,582Net Income 2020: $2,264,1402020Revenue 2021: $628,620Expenses 2021: $659,219Net Income 2021: -$30,5992021Revenue 2022: -$115,486Expenses 2022: $444,505Net Income 2022: -$559,9912022Revenue 2023: $1,097,592Expenses 2023: $713,314Net Income 2023: $384,2782023Revenue 2024: $958,484Expenses 2024: $753,810Net Income 2024: $204,6742024

Highlighted filing

2020

Revenue$2,506,722
Expenses$242,582
Net Income$2,264,140
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Feb 14, 2022
Return Version
2020v4.2
Gross Receipts
$2,580,577
Mission and Program Overview

Mission

To fund, through grants, public education and economic development in forsyth county and surrounding areas.

To fund public education and economic development in forsyth county and surrounding areas.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$10,620,991$12,600,142▲ $1,979,151
Land, Buildings, and Equipment, Net$0$1,568,074▲ $1,568,074
Other Notes and Loans Receivable, Net$159,629$541,210▲ $381,581
Cash and Non-Interest-Bearing Accounts$1,207,935$251,175▼ $956,760
Total Assets$11,988,555$14,960,601▲ $2,972,046
Liabilities
Grants Payable$364,645$165,000▼ $199,645
Accounts Payable and Accrued Expenses$1,517$6,042▲ $4,525
Total Liabilities$366,162$171,042▼ $195,120
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$11,622,393$14,789,559▲ $3,167,166
Total Net Assets Fund Balance$11,622,393$14,789,559▲ $3,167,166
Total Liabilities and Net Assets / Fund Balance$11,988,555$14,960,601▲ $2,972,046

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,227,974$12,926$1,240,900
Land$340,100-$340,100
Compensation and Service Providers
Top Officer Pay9th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Cbhbc Corp LLCExecutive DirectorPT$30,000$30,000

Board Members and Trustees

NameTitle
Mark Doughton2nd Past Chair
Stephen PoeChair
Robert GreenePast Chair
Robert ClarkVice Chair & Treasurer
Andy DreyfussDirector
Elizabeth RepettiDirector
Evan RaleighDirector
Karl YenaDirector
Mamie SutphinDirector
Michelle CookDirector
Scott KrewsonDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$2,080,707
Program Service Revenue
$0
Investment Income
$453,387
Other Revenue
$-27,372
All Other Contributions
$2,080,707
Change in Net Assets
$2,264,140

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Real Estate Commercial1$1,581,000Fair Market Value (FMV)
Other Non Cash Contri Table1$474,362Fair Market Value (FMV)
Total Noncash Contributions2$2,055,362-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,486,567
Revenue Not Reported on Financial Statements
$20,155
Revenue Not Reported on Form 990
$976,881
Total Revenue per Audited Statements
$3,463,448
Total Revenue per Form 990
$2,506,722
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$177,500
Other Expenses$35,082
Salaries, Compensation, and Employee Benefits$30,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs---$177,500
Current Officers, Directors, Trustees, and Key Employees---$30,000
Fees for Service Investment Mgmnt Fees---$20,155
Fees for Services Accounting---$8,000
Insurance---$1,826
Other Expenses---$1,470
Fees for Services Legal---$1,185
Conferences and Meetings---$656
Office Expenses---$40
Total Functional Expenses$0$0$0$242,582

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$296,282
Total Expenses per Form 990$242,582
Expenses per Audited Statements$222,427
Expenses Not Reported on Form 990$73,855
Expenses Not Reported on Financial Statements$20,155
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Salem CollegeWinstonsalem, NC501(c)(3)Economic Development$25,000
Winston-salem Chamber of CommerceWinstonsalem, NC501(c)(3)Economic Development$25,000
Ifb SolutionsWinstonsalem, NC501(c)(3)Economic Development$20,000
Piedmont Triad PartnershipGreensboro, NC501(c)(3)Economic Development$20,000
Second Harvest Food BankWinstonsalem, NC501(c)(3)Economic Development$20,000
Downtown Winston-salem Partnership IncWinstonsalem, NC501(c)(3)Economic Development$15,000
Winston-salem SymphonyWinstonsalem, NC501(c)(3)Education$15,000
Winston-salem Theatre AllianceWinstonsalem, NC501(c)(3)Economic Development$15,000
Center for Creative EconomyWinstonsalem, NC501(c)(3)Economic Development$12,500
Winston-salem Street SchoolWinstonsalem, NC501(c)(3)Education$10,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“Twin city development foundation uses cbhbc corp, llc to perform the administrative/management functions of the foundation.”

Form 990, Part VI, Section B, Line 11B

“The governing body (board of directors) does not review the 990. The 990 is reviewed by lisa venable of cbhbc corp, llc, an independent contractor who serves as the executive director.”

Form 990, Part VI, Section C, Line 19

“We do not accept nor solicit funds from the public; therefore, we do not make our documents available for public inspection.”

Filing and Contact Details

Filer

Filer Name
Twin City Development Foundation
EIN
20-8548088
Phone
3367773595
Address
711 COLISEUM PLAZA COURT, WINSTONSALEM, NC 27106-5350

Signing Officer

Name
Lisa Venable
Title
Vice Chair
Phone
3367773595
Signed
2022-02-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert Clark
Formed
2007
Legal Domicile
Nc
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
12

Preparer

Firm
Butler Burke Llp
Address
100 CLUB OAKS COURT, WINSTONSALEM, NC 27104
Preparer
Jane R Potter
Phone
3367682310
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The oversight/selection process has not changed from the prior year.”

Financial Statement Notes

PART X, LINE 2:

“The foundation is a not-for-profit organization and is exempt from income taxes under section 501(c)(6) of the internal revenue code. Accordingly, income tax expense is limited to activities that are deemed by the internal revenue service to be unrelated to their exempt purpose. The foundation's primary tax positions relate to its status as a not-for-profit entity exempt from income taxes and classification of activities related to its exempt purpose. It is the opinion of management that the foundation has no uncertain tax positions that would be subject to change upon examination. The foundation is required to file a federal exempt organization tax return (form 990) annually to retain its exempt status. The foundation is also required to file an exempt organization business income tax return (form 990-t) for any year gross unrelated business income exceeds $1,000. The foundation's form 990 filings are generally subject to examination by the internal revenue service for three years after they are filed.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Rental expenses netted with revenue 73,855.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Rental expenses netted with revenue 73,855.”

Raw XML AppendixShowing 400 of 519 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0-27372
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0903026
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt011622393
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt014789559
IRS990/NoncashContributionsAmt02055362
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/TotalAmt040
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc1DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/TotalAmt01750
IRS990/OtherExpensesGrp/TotalAmt11470
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0159629
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0541210
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0ROBERT CLARK
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01287399
IRS990/PYGrantsAndSimilarPaidAmt0547500
IRS990/PYInvestmentIncomeAmt089414
IRS990/PYOtherExpensesAmt037910
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0761403
IRS990/PYSalariesCompEmpBnftPaidAmt030000
IRS990/PYTotalExpensesAmt0615410
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01376813
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt02264140
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt0-27372
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt01227974
IRS990ScheduleD/BuildingsGrp/DepreciationAmt012926
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01240900
IRS990ScheduleD/ExpensesNotReportedAmt073855
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt020155
IRS990ScheduleD/ExpensesSubtotalAmt0222427
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt020155
IRS990ScheduleD/InvestmentExpensesNotIncldAmt020155
IRS990ScheduleD/LandGrp/BookValueAmt0340100
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0340100
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0903026
IRS990ScheduleD/OtherExpensesIncludedAmt073855
IRS990ScheduleD/OtherRevenueAmt073855
IRS990ScheduleD/RevenueNotReportedAmt0976881
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt020155
IRS990ScheduleD/RevenueSubtotalAmt02486567
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION IS A NOT-FOR-PROFIT ORGANIZATION AND IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, INCOME TAX EXPENSE IS LIMITED TO ACTIVITIES THAT ARE DEEMED BY THE INTERNAL REVENUE SERVICE TO BE UNRELATED TO THEIR EXEMPT PURPOSE. THE FOUNDATION'S PRIMARY TAX POSITIONS RELATE TO ITS STATUS AS A NOT-FOR-PROFIT ENTITY EXEMPT FROM INCOME TAXES AND CLASSIFICATION OF ACTIVITIES RELATED TO ITS EXEMPT PURPOSE. IT IS THE OPINION OF MANAGEMENT THAT THE FOUNDATION HAS NO UNCERTAIN TAX POSITIONS THAT WOULD BE SUBJECT TO CHANGE UPON EXAMINATION. THE FOUNDATION IS REQUIRED TO FILE A FEDERAL EXEMPT ORGANIZATION TAX RETURN (FORM 990) ANNUALLY TO RETAIN ITS EXEMPT STATUS. THE FOUNDATION IS ALSO REQUIRED TO FILE AN EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN (FORM 990-T) FOR ANY YEAR GROSS UNRELATED BUSINESS INCOME EXCEEDS $1,000. THE FOUNDATION'S FORM 990 FILINGS ARE GENERALLY SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR THREE YEARS AFTER THEY ARE FILED.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1RENTAL EXPENSES NETTED WITH REVENUE 73,855.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2RENTAL EXPENSES NETTED WITH REVENUE 73,855.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01568074
IRS990ScheduleD/TotalExpensesPerForm990Amt0242582
IRS990ScheduleD/TotalRevenuePerForm990Amt02506722
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03463448
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0296282
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt010000
IRS990ScheduleI/RecipientTable/CashGrantAmt112500
IRS990ScheduleI/RecipientTable/CashGrantAmt215000
IRS990ScheduleI/RecipientTable/CashGrantAmt315000
IRS990ScheduleI/RecipientTable/CashGrantAmt415000
IRS990ScheduleI/RecipientTable/CashGrantAmt520000
IRS990ScheduleI/RecipientTable/CashGrantAmt620000
IRS990ScheduleI/RecipientTable/CashGrantAmt720000
IRS990ScheduleI/RecipientTable/CashGrantAmt825000
IRS990ScheduleI/RecipientTable/CashGrantAmt925000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc2501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc3501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc4501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc5501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc6501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc7501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc8501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc9501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0EDUCATION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1ECONOMIC DEVELOPMENT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2EDUCATION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3ECONOMIC DEVELOPMENT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4ECONOMIC DEVELOPMENT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5ECONOMIC DEVELOPMENT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt6ECONOMIC DEVELOPMENT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt7ECONOMIC DEVELOPMENT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt8ECONOMIC DEVELOPMENT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt9ECONOMIC DEVELOPMENT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0WINSTON-SALEM STREET SCHOOL
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1CENTER FOR CREATIVE ECONOMY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2WINSTON-SALEM SYMPHONY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3DOWNTOWN WINSTON-SALEM PARTNERSHIP INC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4WINSTON-SALEM THEATRE ALLIANCE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt5PIEDMONT TRIAD PARTNERSHIP
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt6IFB SOLUTIONS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt7SECOND HARVEST FOOD BANK
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt8SALEM COLLEGE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt9WINSTON-SALEM CHAMBER OF COMMERCE
IRS990ScheduleI/RecipientTable/RecipientEIN0810566874
IRS990ScheduleI/RecipientTable/RecipientEIN1275003133
IRS990ScheduleI/RecipientTable/RecipientEIN2560692826
IRS990ScheduleI/RecipientTable/RecipientEIN3561849234
IRS990ScheduleI/RecipientTable/RecipientEIN4561585412
IRS990ScheduleI/RecipientTable/RecipientEIN5561750279
IRS990ScheduleI/RecipientTable/RecipientEIN6566001467
IRS990ScheduleI/RecipientTable/RecipientEIN7465315289
IRS990ScheduleI/RecipientTable/RecipientEIN8560530005
IRS990ScheduleI/RecipientTable/RecipientEIN9570167887
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0630 WEST 6TH STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1450 DESIGN AVENUE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2610 COLISEUM DRIVE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt3305 W FOURTH STREET STE 2E
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt41047 NORTHWEST BOULEVARD
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt5416 GALLIMORE DAIRY ROAD STE M
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt67730 NORTH POINT DRIVE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt73655 REED STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt8601 SOUTH CHURCH STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt9411 W 4TH STREET SUITE 201
IRS990ScheduleI/RecipientTable/USAddress/CityNm0WINSTONSALEM
IRS990ScheduleI/RecipientTable/USAddress/CityNm1WINSTONSALEM
IRS990ScheduleI/RecipientTable/USAddress/CityNm2WINSTONSALEM
IRS990ScheduleI/RecipientTable/USAddress/CityNm3WINSTONSALEM
IRS990ScheduleI/RecipientTable/USAddress/CityNm4WINSTONSALEM
IRS990ScheduleI/RecipientTable/USAddress/CityNm5GREENSBORO
IRS990ScheduleI/RecipientTable/USAddress/CityNm6WINSTONSALEM
IRS990ScheduleI/RecipientTable/USAddress/CityNm7WINSTONSALEM
IRS990ScheduleI/RecipientTable/USAddress/CityNm8WINSTONSALEM
IRS990ScheduleI/RecipientTable/USAddress/CityNm9WINSTONSALEM
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NC
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1NC
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2NC
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd3NC
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd4NC
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd5NC
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd6NC
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd7NC
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd8NC
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd9NC
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd027101
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd127101
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd227106
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd327101
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd427101
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd527409
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd627106
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd727107
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd827101
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd927101
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0TWIN CITY DEVELOPMENT FOUNDATION REQUIRES QUARTERLY WRITTEN DOCUMENTATION/SUMMARIES FROM EACH GRANT RECIPIENT.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt010
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt01
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0NOTE RECEIVABLE
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0FMV
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt0474362
IRS990ScheduleM/RealEstateCommercialGrp/ContributionCnt01
IRS990ScheduleM/RealEstateCommercialGrp/MethodOfDeterminingRevenuesTxt0FMV
IRS990ScheduleM/RealEstateCommercialGrp/NonCashCheckboxInd0X

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$14,960,601
Liabilities
$171,042
Net assets
$14,789,559
Revenue
$2,506,722
Expenses
$242,582
Net income
$2,264,140
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$16.4$0.04$16.4$0.96$0.75$0.20
2023Detailed filing. Detailed filing data is available for this year.$15.0$0.05$14.9$1.10$0.71$0.38
2022Detailed filing. Detailed filing data is available for this year.$13.6$0.03$13.6$0.12$0.44$0.56
2021Detailed filing. Detailed filing data is available for this year.$16.7$0.09$16.7$0.63$0.66$0.03
2020Detailed filing. Detailed filing data is available for this year.$15.0$0.17$14.8$2.51$0.24$2.26
2019Summary only. Only limited summary data is available for this year.$12.0$0.37$11.6$1.38$0.62$0.76
2018Detailed filing. Detailed filing data is available for this year.$9.21$0.36$8.85$0.26$0.64$0.39
2017Summary only. Only limited summary data is available for this year.$10.7$0.26$10.4$0.92$0.86$0.06
2016Summary only. Only limited summary data is available for this year.$10.0$0.05$9.99$0.33$0.54$0.21
2015Summary only. Only limited summary data is available for this year.$9.63$0.03$9.60$0.35$0.36$0.02
2014Summary only. Only limited summary data is available for this year.$10.3$0.03$10.2$0.88$0.39$0.49
2013Summary only. Only limited summary data is available for this year.$10.1$0.12$9.97$0.60$0.29$0.31
2012Summary only. Only limited summary data is available for this year.$9.07$0.21$8.86$0.36$0.35$0.00
2011Summary only. Only limited summary data is available for this year.$8.54$0.15$8.39$0.32$0.46$0.14