Civic Intelligence

Greater Winston-Salem Inc

EIN 51-0167887 • 501(c)3 • Winstonsalem, NC

Profile

To carry out those activities in the interest of the people of winston- salem and forsyth county and which are of a philanthropic and eleemosynary nature focusing on entrepreneurial grant initiative to support the growth of winston-salem's businesses and innovation economy.

525 Vine Street Suite 240Winstonsalem, NC 27101

www.winstonsalem.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

92nd percentile

0.90x

Higher debt load relative to assets than 92% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

98th percentile

5.06x

Higher debt load relative to revenue than 98% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

2nd percentile

-244%

Higher net margin than 2% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

98th percentile

$358,260

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 355.5% of source-year revenue.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

12th percentile

-25%

Faster asset growth than 12% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

86th percentile

67%

Faster revenue growth than 86% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Down

$568,594

Down $186,342 (-25%) from 2023

Liabilities

Up

$510,054

Up $59,191 (+13%) from 2023

Net Assets

Down

$58,540

Down $245,533 (-81%) from 2023

Revenue

Up

$100,783

Up $40,536 (+67%) from 2023

Expenses

Down

$346,316

Down $53,493 (-13%) from 2023

Net Income

Up

-$245,533

Up $94,029 (+28%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5M$1.0M$500K$0Assets 2010: $470,331Liabilities 2010: $19,948Net Assets 2010: $450,3832010Assets 2011: $338,425Liabilities 2011: $37,521Net Assets 2011: $300,9042011Assets 2012: $238,047Liabilities 2012: $18,287Net Assets 2012: $219,7602012Assets 2013: $206,257Liabilities 2013: $11,526Net Assets 2013: $194,7312013Assets 2014: $327,793Liabilities 2014: $162,118Net Assets 2014: $165,6752014Assets 2015: $273,954Liabilities 2015: $88,320Net Assets 2015: $185,6342015Assets 2016: $134,249Liabilities 2016: $26,411Net Assets 2016: $107,8382016Assets 2017: $145,942Liabilities 2017: $114,737Net Assets 2017: $31,2052017Assets 2018: $21,310Liabilities 2018: $0Net Assets 2018: $21,3102018Assets 2019: $2,212Liabilities 2019: $0Net Assets 2019: $2,2122019Assets 2020: $1,069,412Liabilities 2020: $20,102Net Assets 2020: $1,049,3102020Assets 2021: $1,046,282Liabilities 2021: $229,335Net Assets 2021: $816,9472021Assets 2022: $914,333Liabilities 2022: $270,698Net Assets 2022: $643,6352022Assets 2023: $754,936Liabilities 2023: $450,863Net Assets 2023: $304,0732023Assets 2024: $568,594Liabilities 2024: $510,054Net Assets 2024: $58,5402024

Highlighted filing

2024

Assets$568,594
Liabilities$510,054
Net Assets$58,540

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$1.0M$0-$1.0MExpenses 2010: $134,3082010Expenses 2011: $536,1972011Revenue 2012: $188,201Expenses 2012: $269,357Net Income 2012: -$81,1562012Revenue 2013: $130,132Expenses 2013: $152,954Net Income 2013: -$22,8222013Revenue 2014: $128,975Expenses 2014: $144,279Net Income 2014: -$15,3042014Revenue 2015: $171,947Expenses 2015: $151,988Net Income 2015: $19,9592015Revenue 2016: $114,812Expenses 2016: $192,608Net Income 2016: -$77,7962016Revenue 2017: $133,181Expenses 2017: $209,814Net Income 2017: -$76,6332017Revenue 2018: $60,855Expenses 2018: $70,750Net Income 2018: -$9,8952018Revenue 2019: $40,999Expenses 2019: $60,097Net Income 2019: -$19,0982019Revenue 2020: $1,752,006Expenses 2020: $704,908Net Income 2020: $1,047,0982020Revenue 2021: $102,500Expenses 2021: $334,863Net Income 2021: -$232,3632021Revenue 2022: $348,869Expenses 2022: $522,181Net Income 2022: -$173,3122022Revenue 2023: $60,247Expenses 2023: $399,809Net Income 2023: -$339,5622023Revenue 2024: $100,783Expenses 2024: $346,316Net Income 2024: -$245,5332024

Highlighted filing

2024

Revenue$100,783
Expenses$346,316
Net Income-$245,533

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.57$0.51$0.06$0.10$0.35$0.25
2023Detailed filing. Detailed filing data is available for this year.$0.75$0.45$0.30$0.06$0.40$0.34
2022Detailed filing. Detailed filing data is available for this year.$0.91$0.27$0.64$0.35$0.52$0.17
2021Detailed filing. Detailed filing data is available for this year.$1.05$0.23$0.82$0.10$0.33$0.23
2020Detailed filing. Detailed filing data is available for this year.$1.07$0.02$1.05$1.75$0.70$1.05
2019Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.04$0.06$0.02
2018Detailed filing. Detailed filing data is available for this year.$0.02$0.00$0.02$0.06$0.07$0.01
2017Detailed filing. Detailed filing data is available for this year.$0.15$0.11$0.03$0.13$0.21$0.08
2016Detailed filing. Detailed filing data is available for this year.$0.13$0.03$0.11$0.11$0.19$0.08
2015Detailed filing. Detailed filing data is available for this year.$0.27$0.09$0.19$0.17$0.15$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.33$0.16$0.17$0.13$0.14$0.02
2013Detailed filing. Detailed filing data is available for this year.$0.21$0.01$0.19$0.13$0.15$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.24$0.02$0.22$0.19$0.27$0.08
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.34$0.04$0.30$0.54
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.47$0.02$0.45$0.13
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 15, 2025
Return Version
2024v5.0
Gross Receipts
$100,783
Mission and Program Overview

Mission

To carry out those activities in the interest of the people of winston- salem and forsyth county and which are of a philanthropic and eleemosynary nature focusing on entrepreneurial grant initiative to support the growth of winston-salem's businesses and innovation economy.

Represent the greater winston-salem's philanthropic and eleemosynary interests.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$414,982$421,380▲ $6,398
Pledges and Grants Receivable$305,240$112,500▼ $192,740
Total Assets$754,936$568,594▼ $186,342
Other Assets Total$34,714$34,714→ $0
Liabilities
Accounts Payable and Accrued Expenses$219,600$265,000▲ $45,400
Other Liabilities$231,263$245,054▲ $13,791
Total Liabilities$450,863$510,054▲ $59,191
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$46,578$48,583▲ $2,005
Net Assets With Donor Restrictions$257,495$9,957▼ $247,538
Total Net Assets Fund Balance$304,073$58,540▼ $245,533
Total Liabilities and Net Assets / Fund Balance$754,936$568,594▼ $186,342

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$34,714--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Mark OwensPresident/ce$358,260$358,260

Board Members and Trustees

NameTitle
Cathy PaceBoard Chair
Mark OwensPresident/CEO
Ajay PatelTrustee
Brent WaddellTrustee
Katie PowerTrustee
Rob SimonTrustee
Steve BagleyTrustee
Nick ReedCFO
Aprille BellTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$100,726
Program Service Revenue
$0
Investment Income
$57
Other Revenue
$0
All Other Contributions
$100,726
Change in Net Assets
$-245,533

Audited Revenue Reconciliation

Revenue per Audited Statements
$100,783
Revenue Not Reported on Form 990
$30,759
Total Revenue per Audited Statements
$131,542
Total Revenue per Form 990
$100,783
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$293,863
Other Expenses$43,703
Salaries, Compensation, and Employee Benefits$8,750
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$278,863--$278,863
Grants to Domestic Individuals$15,000--$15,000
Other Salaries and Wages$8,750--$8,750
Other Expenses$3,650--$3,650
Total Functional Expenses$346,316$0$0$346,316

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$377,075
Expenses per Audited Statements$346,316
Total Expenses per Form 990$346,316
Expenses Not Reported on Form 990$30,759
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Dynamic Collision LLCWinstonsalem, NC-Business Minority Pr$20,000
Cisco Site Services LLCWinstonsalem, NC-Business Minority Pr$18,000
Hope Counseling & Consulting ServicWinstonsalem, NC-Business Minority Pr$18,000
Purposeful Pediatrics PllcClemmons, NC-Business Minority Pr$18,000
SMITH'S PRIMARY CARE AND WELLNESSWinstonsalem, NC-Business Minority Pr$18,000
Southside Discount PharmacyWinstonsalem, NC-Business Minority Pr$18,000
Awake Custom RemodelingWinstonsalem, NCGovBusiness Minority Pr$15,000
CAM'S COFFEE COWinstonsalem, NC-Business Minority Pr$15,000
LELO'S CUBAN CAFEWinstonsalem, NC-Business Minority Pr$15,000
Forsyth TechWinstonsalem, NC-Aspire Program$12,225
Nata BellesWinstonsalem, NC-Business Minority Pr$12,000
Bella Sol Medical Spa PllcWinstonsalem, NCGovBusiness Minority Pr$10,000
LILLY'S NETWORKWinstonsalem, NC-Business Minority Pr$10,000
SANDRA'S FAMILY CHILD CAREWinstonsalem, NC-Business Minority Pr$10,000
Toro Trenching LLCGermanton, NC-Business Minority Pr$10,000
Prime Choice Physical Therapy LLCWinstonsalem, NC-Business Minority Pr$7,000
Forsyth CountyWinstonsalem, NC-Aspire Program$6,045
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Related Organizations$245,054
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Prior to filing, the federal form 990 is reviewed and approved by the filing organizations board of directors.

Form 990, Page 6, Part VI, Line 12C

The organization requires directors and officers to annual review the organizations' conflict of interest policy and disclose annually (and as they arise) any potential conflicts of interest. The policy provides for the determination of conflicts of interest and the resolution of potential and actual conflicts.

Form 990, Page 6, Part VI, Line 18

The organization's form 990 is available to the public on www.guidestar.org. Guidestar independently posts tax-exempt organization's form 990 on their website, obtained from the internal revenue service.

Form 990, Page 6, Part VI, Line 19

The organization's articles of incorporation are available to the public on request and are available on the website of the north carolina secretary of state. The organizations bylaws are not published, but provisions from the bylaws are included as necessary in the organizations policies. The organization's conflict of interest policy and financial statements are available to the public on request.

Filing and Contact Details

Filer

Filer Name
Greater Winston-salem Inc
EIN
51-0167887
Phone
3367289200
Address
525 VINE STREET SUITE 240, WINSTONSALEM, NC 27101

Signing Officer

Name
Mark Owens
Title
President/CEO
Phone
3367289200
Signed
2025-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark Owens
Formed
1975
Legal Domicile
Nc
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
100

Preparer

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

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To carry out those activities in the interest of the people of winston- salem and forsyth county and which are of a philanthropic and eleemosynary nature focusing on entrepreneurial grant initiative to support the growth of winston-salem's businesses and innovation economy.

Financial Statement Notes

Schedule D, Page 3, Part X

Greater winston-salem inc. Foundation is a not-for-profit organization and is exempt from income taxes under section 501(c)(3) 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 organization'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 organization has no uncertain tax positions that would be subject to change upon examination. The organization is required to file a federal exempt organization tax return (form 990) annually to retain its exempt status. The organization is also required to file an exempt organization business income tax return (form 990-t) for any year unrelated business income exceeds 1,000. The organization's form 990 filings are generally subject to examination by the internal revenue service for three years after they are filed.

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IRS990/MissionDesc0TO CARRY OUT THOSE ACTIVITIES IN THE INTEREST OF THE PEOPLE OF WINSTON- SALEM AND FORSYTH COUNTY AND WHICH ARE OF A PHILANTHROPIC AND ELEEMOSYNARY NATURE FOCUSING ON ENTREPRENEURIAL GRANT INITIATIVE TO SUPPORT THE GROWTH OF WINSTON-SALEM'S BUSINESSES AND INNOVATION ECONOMY.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0GREATER WINSTON-SALEM INC. FOUNDATION IS A NOT-FOR-PROFIT ORGANIZATION AND IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) 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 ORGANIZATION'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 ORGANIZATION HAS NO UNCERTAIN TAX POSITIONS THAT WOULD BE SUBJECT TO CHANGE UPON EXAMINATION. THE ORGANIZATION IS REQUIRED TO FILE A FEDERAL EXEMPT ORGANIZATION TAX RETURN (FORM 990) ANNUALLY TO RETAIN ITS EXEMPT STATUS. THE ORGANIZATION IS ALSO REQUIRED TO FILE AN EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN (FORM 990-T) FOR ANY YEAR UNRELATED BUSINESS INCOME EXCEEDS 1,000. THE ORGANIZATION'S FORM 990 FILINGS ARE GENERALLY SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR THREE YEARS AFTER THEY ARE FILED.
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IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0AWAKE CUSTOM REMODELING
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1BELLA SOL MEDICAL SPA PLLC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2CAM'S COFFEE CO
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3CISCO SITE SERVICES LLC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4DYNAMIC COLLISION LLC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt5FORSYTH COUNTY
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