Civic Intelligence

Winston Starts

990 • Fiscal year 2020 • EIN 82-1573081

Jan 01, 2020 to Dec 31, 2020 • Filed on May 26, 2021

500 W 5th Street No 400Winstonsalem, NC 27101

(336) 546-5159

Siviq Scores

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

Liabilities / Assets

42nd percentile

0.12x

Higher debt load relative to assets than 42% of similar nonprofits.

2020 filings • NTEE S • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

46th percentile

0.21x

Higher debt load relative to revenue than 46% of similar nonprofits.

2020 filings • NTEE S • $1M-$5M nonprofits • Source year 2020

Net Margin

17th percentile

-17%

Higher net margin than 17% of similar nonprofits.

2020 filings • NTEE S • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$43,750

Higher top officer pay than 37% of similar nonprofits.

Top officer pay equals 4.1% of source-year revenue.

2020 filings • NTEE S • $1M-$5M nonprofits • Source year 2020

Asset Growth

10th percentile

-13%

Faster asset growth than 10% of similar nonprofits.

2020 filings • NTEE S • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

19th percentile

-30%

Faster revenue growth than 19% of similar nonprofits.

2020 filings • NTEE S • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Down

$1,829,286

Down $274,834 (-13%) from 2019

Net Assets

Down

$1,609,455

Down $178,513 (-10.0%) from 2019

Liabilities

Down

$219,831

Down $96,321 (-30%) from 2019

Revenue

Down

$1,057,583

Down $455,734 (-30%) from 2019

Expenses

Down

$1,236,096

Down $42,464 (-3.3%) from 2019

Net Income

Down

-$178,513

Down $413,270 (-176%) from 2019

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2017: $386,408Liabilities 2017: $0Net Assets 2017: $386,4082017Assets 2018: $2,049,726Liabilities 2018: $496,515Net Assets 2018: $1,553,2112018Assets 2019: $2,104,120Liabilities 2019: $316,152Net Assets 2019: $1,787,9682019Assets 2020: $1,829,286Liabilities 2020: $219,831Net Assets 2020: $1,609,4552020Assets 2021: $2,039,563Liabilities 2021: $158,077Net Assets 2021: $1,881,4862021Assets 2022: $1,867,594Liabilities 2022: $22,479Net Assets 2022: $1,845,1152022Assets 2023: $1,835,078Liabilities 2023: $4,967Net Assets 2023: $1,830,1112023Assets 2024: $1,906,410Liabilities 2024: $16,357Net Assets 2024: $1,890,0532024

Highlighted filing

2020

Assets$1,829,286
Liabilities$219,831
Net Assets$1,609,455

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2017: $386,408Expenses 2017: $0Net Income 2017: $386,4082017Revenue 2018: $2,184,759Expenses 2018: $1,017,956Net Income 2018: $1,166,8032018Revenue 2019: $1,513,317Expenses 2019: $1,278,560Net Income 2019: $234,7572019Revenue 2020: $1,057,583Expenses 2020: $1,236,096Net Income 2020: -$178,5132020Revenue 2021: $1,547,404Expenses 2021: $1,275,373Net Income 2021: $272,0312021Revenue 2022: $1,251,998Expenses 2022: $1,288,369Net Income 2022: -$36,3712022Revenue 2023: $1,309,857Expenses 2023: $1,324,861Net Income 2023: -$15,0042023Revenue 2024: $1,405,154Expenses 2024: $1,345,210Net Income 2024: $59,9442024

Highlighted filing

2020

Revenue$1,057,583
Expenses$1,236,096
Net Income-$178,513
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 26, 2021
Return Version
2020v4.1
Gross Receipts
$1,057,583
Mission and Program Overview

Mission

The specific purposes for which the corporation is organized are (i) to create long-term job growth and economic vitality in and around winston-salem, north carolina, and accordingly benefit the winston-salem area and its citizens as a whole, by providing education, office space, and access to professional services and other forms of support to startup and early stage businesses committed to locating in and around winston-salem; (ii) to serve as a catalyst for economic development through the attraction of new businesses to winston-salem and the growth of existing winston-salem-based companies.

Our mission is to drive the future economic health of winston-salem, triad and north carolina by: providing intense, inspiring, and duration-appropriate support for startups with nationally scalable business models. Collaborating with other startup support enterprises across the triad and the state to develop a coordinated trellis of startup support. Promoting a culture of entrepreneurship and innovation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,745,905$1,665,180▼ $80,725
Rtn Earn Endowment Incm Other Fnds$1,787,968$1,609,455▼ $178,513
Intangible Assets$111,611$103,134▼ $8,477
Cash and Non-Interest-Bearing Accounts$16,303$49,563▲ $33,260
Accounts Receivable$9,675$10,893▲ $1,218
Savings and Temporary Cash Investments$220,626$516▼ $220,110
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$2,104,120$1,829,286▼ $274,834
Liabilities
Mortgage Notes Payable Secured by Investment Property$253,309$157,227▼ $96,082
Accounts Payable and Accrued Expenses$62,843$62,604▼ $239
Total Liabilities$316,152$219,831▼ $96,321
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,787,968$1,609,455▼ $178,513
Total Liabilities and Net Assets / Fund Balance$2,104,120$1,829,286▼ $274,834

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,200,152$82,618$1,282,770
Other Land Buildings$465,028$147,398$612,426
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Robert J BolesPresidentFT$43,750$43,750
Steven a LinebergerFormer PresidentFT$41,563$41,563

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$950,498
Program Service Revenue
$106,911
Investment Income
$174
Other Revenue
$0
All Other Contributions
$895,148
Change in Net Assets
$-178,513

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$484,584Fair Market Value
Total Noncash Contributions1$484,584-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$983,139
Salaries, Compensation, and Employee Benefits$252,957
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$735,000--$735,000
Other Salaries and Wages$149,872--$149,872
Depreciation Depletion$98,517--$98,517
Current Officers, Directors, Trustees, and Key Employees$42,656$42,657-$85,313
Fees for Services Other$51,865--$51,865
Payroll Taxes$14,509$3,263-$17,772
All Other Expenses$13,036--$13,036
Interest$10,057--$10,057
Advertising$9,509--$9,509
Information Technology$7,350--$7,350
Other Expenses$6,177--$6,177
Fees for Services Accounting-$5,373-$5,373
Insurance$3,552--$3,552
Travel$3,170--$3,170
Total Functional Expenses$1,184,803$51,293$0$1,236,096
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
No
Annual disclosure for covered persons
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
Yes
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, Part VI, Section B, Line 11B

A draft copy of the form 990 will be reviewed by the president prior to filing.

Form 990, Part VI, Section B, Line 12C

Each director, officer, employee or board member must complete and sign a conflict of interest affirmation and a disclosure form prior to their association with winston starts.

Form 990, Part VI, Section B, Line 15A

Compensation is based on the relevant market for persons of comparable skills, training, education and experience and performing similar duties for comparable organzizations under similar conditions and circumstances.

Form 990, Part VI, Section C, Line 19

The organization makes all organizing documents, including the form 990, available upon request.

Filing and Contact Details

Filer

Filer Name
Winston Starts
EIN
82-1573081
Phone
3365465159
Address
500 W 5TH STREET NO 400, WINSTONSALEM, NC 27101

Signing Officer

Name
Robert Boles
Title
President
Phone
3365465159
Signed
2021-05-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert Boles
Formed
2017
Legal Domicile
Nc
Voting Board Members
4
Independent Board Members
3
Employees
9
Volunteers
50

Preparer

Firm
Sills and Associates Pa
Address
4400 SILAS CREEK PKY SUITE 200, WINSTONSALEM, NC 27104
Preparer
P Grant Hartley
Phone
3367683290
Raw XML Appendix394 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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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0386392
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt04951498
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0105668
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt097733
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt059809
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt016
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0263226
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.94950
IRS990ScheduleA/PublicSupportTotal170Amt04951498
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0949498
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01415584
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt02200024
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0386392
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04951498
IRS990ScheduleA/TotalSupportAmt05214724
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/BookValueAmt01200152
IRS990ScheduleD/BuildingsGrp/DepreciationAmt082618
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01282770
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0465028
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0147398
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0612426
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01665180
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/RealEstateCommercialGrp/ContributionCnt01
IRS990ScheduleM/RealEstateCommercialGrp/MethodOfDeterminingRevenuesTxt0FAIR MARKET VALUE
IRS990ScheduleM/RealEstateCommercialGrp/NonCashCheckboxInd0X
IRS990ScheduleM/RealEstateCommercialGrp/NoncashContributionsRptF990Amt0484584
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A DRAFT COPY OF THE FORM 990 WILL BE REVIEWED BY THE PRESIDENT PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH DIRECTOR, OFFICER, EMPLOYEE OR BOARD MEMBER MUST COMPLETE AND SIGN A CONFLICT OF INTEREST AFFIRMATION AND A DISCLOSURE FORM PRIOR TO THEIR ASSOCIATION WITH WINSTON STARTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION IS BASED ON THE RELEVANT MARKET FOR PERSONS OF COMPARABLE SKILLS, TRAINING, EDUCATION AND EXPERIENCE AND PERFORMING SIMILAR DUTIES FOR COMPARABLE ORGANZIZATIONS UNDER SIMILAR CONDITIONS AND CIRCUMSTANCES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ALL ORGANIZING DOCUMENTS, INCLUDING THE FORM 990, AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02104120
IRS990/TotalAssetsEOYAmt01829286
IRS990/TotalAssetsGrp/BOYAmt02104120
IRS990/TotalAssetsGrp/EOYAmt01829286
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0950498
IRS990/TotalEmployeeCnt09
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt051293
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01184803
IRS990/TotalFunctionalExpensesGrp/TotalAmt01236096
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0316152
IRS990/TotalLiabilitiesEOYAmt0219831
IRS990/TotalLiabilitiesGrp/BOYAmt0316152
IRS990/TotalLiabilitiesGrp/EOYAmt0219831
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01787968
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01609455
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01184803
IRS990/TotalProgramServiceRevenueAmt0106911
IRS990/TotalReportableCompFromOrgAmt085313
IRS990/TotalRevenueGrp/ExclusionAmt0174
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0106911
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01057583
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt050
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02104120
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01829286
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt03170
IRS990/TravelGrp/TotalAmt03170
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0500 W 5TH STREET NO 400
IRS990/USAddress/CityNm0WINSTONSALEM
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd027101
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0HTTPS://WINSTONSTARTS.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ROBERT BOLES
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03365465159
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-05-26
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WINSTON STARTS
ReturnHeader/Filer/BusinessNameControlTxt0WINS
ReturnHeader/Filer/EIN0821573081
ReturnHeader/Filer/PhoneNum03365465159
ReturnHeader/Filer/USAddress/AddressLine1Txt0500 W 5TH STREET NO 400
ReturnHeader/Filer/USAddress/CityNm0WINSTONSALEM
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd027101
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0561215661
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SILLS AND ASSOCIATES PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04400 SILAS CREEK PKY SUITE 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WINSTONSALEM
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd027104
ReturnHeader/PreparerPersonGrp/PhoneNum03367683290
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0P GRANT HARTLEY
ReturnHeader/ReturnTs02021-05-26T15:52:39-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ROBERT
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0BOLES
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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