Civic Intelligence

Winstonnet Inc

990 • Fiscal year 2022 • EIN 31-1815083

Jul 01, 2021 to Jun 30, 2022 • Filed on Jan 20, 2023

PO Box 30206Winston Salem, NC 27130

(336) 624-6143

Siviq Scores

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

Liabilities / Assets

51st percentile

0.01x

Higher debt load relative to assets than 51% of similar nonprofits.

2022 filings • NTEE P20 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

60th percentile

0.03x

Higher debt load relative to revenue than 60% of similar nonprofits.

2022 filings • NTEE P20 • $500k-$1M nonprofits • Source year 2022

Net Margin

62nd percentile

14%

Higher net margin than 62% of similar nonprofits.

2022 filings • NTEE P20 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

80th percentile

$64,368

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 20.7% of source-year revenue.

2022 filings • NTEE P20 • $500k-$1M nonprofits • Source year 2022

Asset Growth

68th percentile

28%

Faster asset growth than 68% of similar nonprofits.

2022 filings • NTEE P20 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

52nd percentile

23%

Faster revenue growth than 52% of similar nonprofits.

2022 filings • NTEE P20 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Assets

Up

$643,127

Up $139,897 (+28%) from 2021

Net Assets

Up

$633,975

Up $160,446 (+34%) from 2021

Liabilities

Down

$9,152

Down $20,549 (-69%) from 2021

Revenue

Up

$311,269

Up $58,775 (+23%) from 2021

Expenses

Up

$267,823

Up $19,517 (+7.9%) from 2021

Net Income

Up

$43,446

Up $39,258 (+937%) from 2021

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2017: $265,631Liabilities 2017: $4,119Net Assets 2017: $261,5122017Assets 2018: $295,615Liabilities 2018: $135Net Assets 2018: $295,4802018Assets 2019: $429,154Liabilities 2019: $323Net Assets 2019: $428,8312019Assets 2020: $527,247Liabilities 2020: $57,906Net Assets 2020: $469,3412020Assets 2021: $503,230Liabilities 2021: $29,701Net Assets 2021: $473,5292021Assets 2022: $643,127Liabilities 2022: $9,152Net Assets 2022: $633,9752022Assets 2023: $1,073,836Liabilities 2023: $55,891Net Assets 2023: $1,017,9452023Assets 2024: $956,801Liabilities 2024: $275,285Net Assets 2024: $681,5162024Assets 2025: $857,944Liabilities 2025: $360,681Net Assets 2025: $497,2632025

Highlighted filing

2022

Assets$643,127
Liabilities$9,152
Net Assets$633,975

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2017: $117,115Expenses 2017: $181,757Net Income 2017: -$64,6422017Revenue 2018: $187,785Expenses 2018: $153,817Net Income 2018: $33,9682018Revenue 2019: $287,795Expenses 2019: $154,444Net Income 2019: $133,3512019Revenue 2020: $244,030Expenses 2020: $203,520Net Income 2020: $40,5102020Revenue 2021: $252,494Expenses 2021: $248,306Net Income 2021: $4,1882021Revenue 2022: $311,269Expenses 2022: $267,823Net Income 2022: $43,4462022Revenue 2023: $408,371Expenses 2023: $358,649Net Income 2023: $49,7222023Revenue 2024: $879,443Expenses 2024: $1,215,872Net Income 2024: -$336,4292024Revenue 2025: $728,029Expenses 2025: $912,282Net Income 2025: -$184,2532025

Highlighted filing

2022

Revenue$311,269
Expenses$267,823
Net Income$43,446
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Jan 20, 2023
Return Version
2021v4.2
Gross Receipts
$311,269
Mission and Program Overview

Mission

A Not-for-profit community technology initiative and community that brings together local, state and national organizations including businesses, not-for-profits, and foundations to foster digital equity and inclusion.

A not-for-profit community technology initiative and community that brings together local, state and national organizations including: businesses, not-for-profits, and foundations to foster digital equity and inclusion.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$222,128$299,907▲ $77,779
Pledges and Grants Receivable-$105,000-
Land, Buildings, and Equipment, Net$132,799$89,128▼ $43,671
Inventories for Sale or Use-$79,750-
Accounts Receivable$80,747$65,178▼ $15,569
Prepaid Expenses and Deferred Charges$4,556$4,164▼ $392
Total Assets$440,230$643,127▲ $202,897
Liabilities
Accounts Payable and Accrued Expenses$29,701$9,152▼ $20,549
Total Liabilities$29,701$9,152▼ $20,549
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$410,529$453,975▲ $43,446
Net Assets With Donor Restrictions-$180,000-
Total Net Assets Fund Balance$410,529$633,975▲ $223,446
Total Liabilities and Net Assets / Fund Balance$440,230$643,127▲ $202,897

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$89,128$343,614$432,742
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Lakisha JordanExecutive DirectorFT$64,368$64,368

Board Members and Trustees

NameTitle
Gary KoontzBoard Chair
Tom KureczkaBoard Member
Chris PearceBoard Secretary
Kris KelleyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$288,966
Program Service Revenue
$22,300
Investment Income
$3
Other Revenue
$0
All Other Contributions
$154,920
Change in Net Assets
$43,446

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeReported Amount
Other Non Cash Contri Table$101,350
Total Noncash Contributions$101,350
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$160,007
Salaries, Compensation, and Employee Benefits$107,816
Total Fundraising Expense$17,181
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$32,184$19,309$12,875$64,368
Depreciation Depletion$45,255--$45,255
Other Salaries and Wages$39,251--$39,251
Fees for Services Other$35,940--$35,940
Information Technology$31,858--$31,858
Fees for Services Accounting$6,688$4,012$2,675$13,375
Payroll Taxes$2,968$738$491$4,197
Occupancy$1,425$284$1,140$2,849
Insurance-$1,730-$1,730
Office Expenses-$194-$194
Other Expenses$28,800$6-$6
Total Functional Expenses$224,369$26,273$17,181$267,823
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
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

Form 990, part vi, line 11athe form 990 is reviewed by the board of directors before it is filed with the irs.

Conflict of interest policy compliance Part VI line 12C

Form 990, part vi, lince 12cboard requires all members to disclose conflict of interests as they occur.

Governing documents etc available to public Part VI line 19

Form 990, part vi, line 19the organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Winstonnet Inc
EIN
31-1815083
Address
PO BOX 30206, WINSTON SALEM, NC 27130

Signing Officer

Name
Gary Koontz
Title
Board Chair
Phone
3367032543
Signed
2023-01-20
Discuss with paid preparer
No

Organization Details

Formed
2001
Legal Domicile
Nc
Voting Board Members
10
Independent Board Members
10
Employees
6

Preparer

Firm
Blackburn Consulting LLC
Address
5116 US HIGHWAY 158 STE 102, ADVANCE, NC 27006
Preparer
Audrey Blackburn
Phone
3369404180
Supplemental Narrative

Additional Explanations

List of other fees for services expenses Part IX line 11G

Form 990, part ix, line 11g, other fees:professional services:consulting fees $42,863 program expensesconsulting fees $23,080 management and general expensesconsulting fees $0 fundraising expenses

Part III response or note to any other line in Part III

Form 990, part iii, line 4a, program service accomplishments:winstonnet, through a united way nett grant partnered with forsyth tech and forsyth county public library to provide digital literacy training to 106 unemployed/underemployed,low income residents. Participants graduated from a 30hr basic computer/employment skills course through forsyth techs hrd program. Each student purchased a very low cost, refurbished laptop computer with a 1-year warranty and were provided information on how to obtain affordable internet service offered by at&t and spectrum. During 2020, several centers were closed and reopened slowly due to covid. This reduced the numbers of people served. A total of 15,474 users utilized the free public wifi. Those users used 63,427,926 mb of data. Wells fargo/kramden grantgeek-a-thon:krmaden institute and winstonnet partner with wells fargo to conduct an annual geek-a-thon. This three-day even includes 150+ wells fargo employees refurbishing over 250 dekstop computers in two days. On the third day, 125 title 1 school students and their families attend a short training session and receive their refurbished dekstop with the remaining computers distributed to other needy schools throughout north carolina. This year the event did not happen due to covid.

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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01201972
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt012
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt026
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt022300
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt020160
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt022260
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt022220
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt022240
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0109180
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt03
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0290220
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0188518
IRS990ScheduleA/Total509Grp/TotalAmt01311152
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0311269
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0252540
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0268614
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0290225
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0188530
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01311178
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt089128
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0343614
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0432742
IRS990ScheduleD/TotalBookValueLandBuildingsAmt089128
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0COMPUTER EQUIPMENT
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt0101350
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0true
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990, PART VI, LINE 11ATHE FORM 990 IS REVIEWED BY THE BOARD OF DIRECTORS BEFORE IT IS FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990, PART VI, LINCE 12CBOARD REQUIRES ALL MEMBERS TO DISCLOSE CONFLICT OF INTERESTS AS THEY OCCUR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990, PART VI, LINE 19THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990, PART IX, LINE 11G, OTHER FEES:PROFESSIONAL SERVICES:CONSULTING FEES $42,863 PROGRAM EXPENSESCONSULTING FEES $23,080 MANAGEMENT AND GENERAL EXPENSESCONSULTING FEES $0 FUNDRAISING EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FORM 990, PART III, LINE 4A, PROGRAM SERVICE ACCOMPLISHMENTS:WINSTONNET, THROUGH A UNITED WAY NETT GRANT PARTNERED WITH FORSYTH TECH AND FORSYTH COUNTY PUBLIC LIBRARY TO PROVIDE DIGITAL LITERACY TRAINING TO 106 UNEMPLOYED/UNDEREMPLOYED,LOW INCOME RESIDENTS. PARTICIPANTS GRADUATED FROM A 30HR BASIC COMPUTER/EMPLOYMENT SKILLS COURSE THROUGH FORSYTH TECHS HRD PROGRAM. EACH STUDENT PURCHASED A VERY LOW COST, REFURBISHED LAPTOP COMPUTER WITH A 1-YEAR WARRANTY AND WERE PROVIDED INFORMATION ON HOW TO OBTAIN AFFORDABLE INTERNET SERVICE OFFERED BY AT&T AND SPECTRUM. DURING 2020, SEVERAL CENTERS WERE CLOSED AND REOPENED SLOWLY DUE TO COVID. THIS REDUCED THE NUMBERS OF PEOPLE SERVED. A TOTAL OF 15,474 USERS UTILIZED THE FREE PUBLIC WIFI. THOSE USERS USED 63,427,926 MB OF DATA. WELLS FARGO/KRAMDEN GRANTGEEK-A-THON:KRMADEN INSTITUTE AND WINSTONNET PARTNER WITH WELLS FARGO TO CONDUCT AN ANNUAL GEEK-A-THON. THIS THREE-DAY EVEN INCLUDES 150+ WELLS FARGO EMPLOYEES REFURBISHING OVER 250 DEKSTOP COMPUTERS IN TWO DAYS. ON THE THIRD DAY, 125 TITLE 1 SCHOOL STUDENTS AND THEIR FAMILIES ATTEND A SHORT TRAINING SESSION AND RECEIVE THEIR REFURBISHED DEKSTOP WITH THE REMAINING COMPUTERS DISTRIBUTED TO OTHER NEEDY SCHOOLS THROUGHOUT NORTH CAROLINA. THIS YEAR THE EVENT DID NOT HAPPEN DUE TO COVID.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3List of other fees for services expenses Part IX line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Part III response or note to any other line in Part III
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IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsGrp/BOYAmt0440230
IRS990/TotalAssetsGrp/EOYAmt0643127
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IRS990/TotalContributionsAmt0288966
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt017181
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt026273
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0224369
IRS990/TotalFunctionalExpensesGrp/TotalAmt0267823
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt029701
IRS990/TotalLiabilitiesEOYAmt09152
IRS990/TotalLiabilitiesGrp/BOYAmt029701
IRS990/TotalLiabilitiesGrp/EOYAmt09152
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0410529
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0633975
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0224369
IRS990/TotalProgramServiceRevenueAmt022300
IRS990/TotalReportableCompFromOrgAmt064368
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt022303
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0311269
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0440230
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0643127
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0WWW.WINSTONNET.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL2
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd000
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02023-03-07 01:45:13Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0GARY KOONTZ
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BOARD CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum03367032543
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-01-20
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WINSTONNET INC
ReturnHeader/Filer/BusinessNameControlTxt0WINS
ReturnHeader/Filer/EIN0311815083
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 30206
ReturnHeader/Filer/USAddress/CityNm0WINSTON SALEM
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd027130
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0831440812
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BLACKBURN CONSULTING LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05116 US HIGHWAY 158 STE 102
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ADVANCE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd027006
ReturnHeader/PreparerPersonGrp/PhoneNum03369404180
ReturnHeader/PreparerPersonGrp/PreparationDt02023-01-25
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Audrey Blackburn
ReturnHeader/ReturnTs02023-01-25T20:34:41-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0GARY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0KOONTZ
ReturnHeader/TaxPeriodBeginDt02021-07-01
ReturnHeader/TaxPeriodEndDt02022-06-30
ReturnHeader/TaxYr02021

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