GREATER WINSTON-SALEM DEVELOPMENT CORP: Form 990, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- GREATER WINSTON-SALEM DEVELOPMENT CORP (EIN 51-0436665)
- Tax period
- 2020-01-01 to 2020-12-31
- Filed
- 2021-09-23
- IRS object ID
- 202142669349301119
- Schema version
- 2020v4.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2021-09-23T12:01:55-05:00 | ReturnTs |
| Tax Period End | 2020-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 561138530 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BUTLER BURKE LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 100 CLUB OAKS COURT | AddressLine1Txt |
| City | WINSTONSALEM | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 27104 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2020-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 510436665 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WINSTON-SALEM BUSINESS INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | WINS | BusinessNameControlTxt |
| Phone | 3367289200 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 411 WEST FOURTH STREET NO 211 | AddressLine1Txt |
| City | WINSTONSALEM | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 27101 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MARK OWENS | PersonNm |
| Person Title | PRESIDENT/CEO | PersonTitleTxt |
| Phone | 3367289200 | PhoneNum |
| Signature | 2021-09-17 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | MARK | PersonFirstNm |
| Person Last | OWENS | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | XXX-XX-XXXX | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JANE R POTTER | PreparerPersonNm |
| PTIN | P01057495 | PTIN |
| Phone | 3367682310 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 0 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2020 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Change | Yes (X) | AddressChangeInd |
| Principal Officer | MARK OWENS | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 411 WEST FOURTH STREET NO 211 | AddressLine1Txt |
| City | WINSTONSALEM | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 27101 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $745,216 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.WINSTONSALEM.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2003 | FormationYr |
| Legal Domicile State | NC | LegalDomicileStateCd |
| Activity Or Mission | TO FACILITATE GROWTH AND ECONOMIC DIVERSIFICATION IN WINSTON-SALEM AND FORSYTH COUNTY. | ActivityOrMissionDesc |
| Voting Members Governing Body | 5 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 5 | VotingMembersIndependentCnt |
| Total Employee | 3 | TotalEmployeeCnt |
| Total Volunteers | 21 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $693,177 | PYContributionsGrantsAmt |
| CY Contributions Grants | $391,600 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $170,400 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $37,093 | PYInvestmentIncomeAmt |
| CY Investment Income | $58,642 | CYInvestmentIncomeAmt |
| PY Other Revenue | $39,213 | PYOtherRevenueAmt |
| CY Other Revenue | $4,484 | CYOtherRevenueAmt |
| PY Total Revenue | $939,883 | PYTotalRevenueAmt |
| CY Total Revenue | $454,726 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $455,237 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $852,543 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $373,840 | PYOtherExpensesAmt |
| CY Other Expenses | $694,555 | CYOtherExpensesAmt |
| PY Total Expenses | $829,077 | PYTotalExpensesAmt |
| CY Total Expenses | $1,547,098 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $110,806 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$1,092,372 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $5,323,722 | TotalAssetsBOYAmt |
| Total Assets EOY | $1,818,161 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $2,470,450 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $57,261 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $2,853,272 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $1,760,900 | NetAssetsOrFundBalancesEOYAmt |
| Mission | TO RECRUIT NEW BUSINESSES TO WINSTON-SALEM AND FORSYTH COUNTY IN ORDER TO FACILITATE GROWTH AND ECONOMIC DIVERSIFICATION IN THE AREA. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $1,174,167 | ExpenseAmt |
| Grant | $0 | GrantAmt |
| Revenue | $0 | RevenueAmt |
| Desc | THE ORGANIZATION SUPPORTS THE LOCAL BUSINESS COMMUNITY IN ITS EFFORT TO INCREASE INVESTMENT AND JOBS THROUGHOUT FORSYTH COUNTY, NC. WE TARGET THE FOLLOWING INDUSTRIES FOR ECONOMIC GROWTH AND EXPANSION: HEALTHCARE/LIFE SCIENCE, AEROSPACE/AVIATION, HEADQUARTERS & BUSINESS SERVICES, ADVANCED MANUFACTURING (TRANSPORTATION/LOGISTICS AND FOOD & BEVERAGE MANUFACTURING), TECHNOLOGY & HIGH GROWTH ENTREPRENEURSHIP. WE EMPHASIZE INNOVATION AND ENTREPRENEURSHIP ACROSS ALL TARGET SECTORS, TO RECOGNIZE WINSTON-SALEM'S STRENGTH IN INNOVATIVE THOUGHT AND CREATIVE ECONOMY. | Desc |
| Total Program Service Expenses | $1,174,167 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | 0 | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 8 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 3 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 5 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 5 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | Yes (1) | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | 0 | WhistleblowerPolicyInd |
| Document Retention Policy | 0 | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | NC | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
| Other | Yes (X) | OtherInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NICK REED | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3367289200 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 411 WEST FOURTH STREET SUITE 211 | AddressLine1Txt |
| City | WINSTONSALEM | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 27101 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (24 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd |
|---|---|---|---|---|---|---|---|
| ROBERT E LEAK JR | |||||||
| (PRESIDENT END. 4/1/20) | 39.00 | 1.00 | Yes (X) | $496,960 | $0 | $9,763 | |
| MARK OWENS | |||||||
| (PRESIDENT/CEO BEG. 4/1/20) | 16.00 | 24.00 | Yes (X) | $92,800 | $155,598 | $20,370 | |
| NICK REED | |||||||
| CHIEF FINANCIAL OFFICER (BEG. 4/1/20) | 16.00 | 24.00 | Yes (X) | $38,923 | $72,687 | $12,582 | |
| KENNETH BASCH | |||||||
| (DIRECTOR END. 4/1/20) | 0.50 | $0 | $0 | $0 | Yes (X) | ||
| TED KAPLAN | |||||||
| (DIRECTOR END. 4/1/20) | 0.50 | $0 | $0 | $0 | Yes (X) | ||
| ROBERT EGLESTON | |||||||
| (DIRECTOR END. 4/1/20) | 0.50 | $0 | $0 | $0 | Yes (X) | ||
| MIKE LANCASTER | |||||||
| (DIRECTOR END. 4/1/20) | 0.50 | $0 | $0 | $0 | Yes (X) | ||
| LEIGH C BAGLEY | |||||||
| (DIRECTOR END. 4/1/20) | 0.50 | $0 | $0 | $0 | Yes (X) | ||
| TODD HALL | |||||||
| (DIRECTOR END. 4/1/20) | 0.50 | $0 | $0 | $0 | Yes (X) | ||
| JULIE A FREISCHLAG MD | |||||||
| (DIRECTOR END. 4/1/20) | 0.50 | $0 | $0 | $0 | Yes (X) | ||
| JONATHAN CHASE | |||||||
| (DIRECTOR END. 4/1/20) | 0.50 | $0 | $0 | $0 | Yes (X) | ||
| TRENT JERNIGAN | |||||||
| (DIRECTOR END. 4/1/20) | 0.50 | $0 | $0 | $0 | Yes (X) | ||
| JERRY COOK | |||||||
| (DIRECTOR END. 4/1/20) | 0.50 | $0 | $0 | $0 | Yes (X) | ||
| J ALLEN JOINES | |||||||
| (DIRECTOR END. 4/1/20) | 0.50 | $0 | $0 | $0 | Yes (X) | ||
| G WILLIAM JOYNER | |||||||
| (DIRECTOR END. 4/1/20) | 0.50 | $0 | $0 | $0 | Yes (X) | ||
| DONALD E FLOW | |||||||
| (DIRECTOR END. 4/1/20) | 0.50 | $0 | $0 | $0 | Yes (X) | ||
| DAVID NEILL | |||||||
| (DIRECTOR BEG. 4/1/20) | 0.50 | $0 | $0 | $0 | Yes (X) | ||
| CATHY PACE | |||||||
| (DIRECTOR BEG. 4/1/20) | 0.50 | $0 | $0 | $0 | Yes (X) | ||
| JEFF LINDSAY | |||||||
| CHAIR | 0.50 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| CANTEY ALEXANDER | |||||||
| CHAIR | 0.50 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| STEPHEN C KOELSCH | |||||||
| (VICE-CHAIRMAN END. 4/1/20) | 0.50 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| JOHN DAVENPORT | |||||||
| (TREASURER BEG. 4/1/20) | 0.50 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| SCOTT SEWELL | |||||||
| (SECRETARY/TREASURER END. 4/1/20) | 0.50 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| JIMMY FLYTHE | |||||||
| (PAST CHAIRMAN END. 4/1/20) | 0.50 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $628,683 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $228,285 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $42,715 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 1 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
| Cntrct Rcvd Greater Than100 K | 0 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $128,880 | GovernmentGrantsAmt |
| All Other Contributions | $262,720 | AllOtherContributionsAmt |
| Total Contributions | $391,600 | TotalContributionsAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $929 | TotalRevenueColumnAmt |
| Exclusion | $929 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $348,203 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $290,490 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $57,713 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $57,713 | TotalRevenueColumnAmt |
| Exclusion | $57,713 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MISCELLANEOUS | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $4,484 | TotalRevenueColumnAmt |
| Exclusion | $4,484 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $4,484 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $454,726 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $63,126 | ExclusionAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $646,201 | TotalAmt |
| Program Services | $508,804 | ProgramServicesAmt |
| Management And General | $137,397 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $153,863 | TotalAmt |
| Program Services | $121,340 | ProgramServicesAmt |
| Management And General | $32,523 | ManagementAndGeneralAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,336 | TotalAmt |
| Program Services | $3,122 | ProgramServicesAmt |
| Management And General | $1,214 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,254 | TotalAmt |
| Program Services | $9,586 | ProgramServicesAmt |
| Management And General | $2,668 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $35,889 | TotalAmt |
| Program Services | $28,045 | ProgramServicesAmt |
| Management And General | $7,844 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,250 | TotalAmt |
| Management And General | $5,250 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $58,046 | TotalAmt |
| Program Services | $57,272 | ProgramServicesAmt |
| Management And General | $774 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $111,187 | TotalAmt |
| Program Services | $111,187 | ProgramServicesAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $32,688 | TotalAmt |
| Program Services | $23,840 | ProgramServicesAmt |
| Management And General | $8,848 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $32,603 | TotalAmt |
| Program Services | $16,363 | ProgramServicesAmt |
| Management And General | $16,240 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,769 | TotalAmt |
| Program Services | $1,769 | ProgramServicesAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,449 | TotalAmt |
| Program Services | $2,449 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $680 | TotalAmt |
| Program Services | $442 | ProgramServicesAmt |
| Management And General | $238 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,277 | TotalAmt |
| Program Services | $1,277 | ProgramServicesAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| BAD DEBT EXPENSE | $306,600 | $153,300 | $153,300 |
| OTHER PROGRAM FEES | $93,750 | $93,750 | |
| PROGRAM EVENTS | $16,281 | $16,281 | |
| EQUIPMENT AND REPAIR | $14,193 | $7,562 | $6,631 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $17,782 | TotalAmt |
| Program Services | $17,778 | ProgramServicesAmt |
| Management And General | $4 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,547,098 | TotalAmt |
| Program Services | $1,174,167 | ProgramServicesAmt |
| Management And General | $372,931 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,422,660 | BOYAmt |
| EOY | $1,083,902 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $576,245 | BOYAmt |
| EOY | $542,916 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $375,291 | BOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,471 | BOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $190,152 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $679 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $476,605 | BOYAmt |
| EOY | $189,473 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,470,450 | BOYAmt |
| EOY | $1,870 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,323,722 | BOYAmt |
| EOY | $1,818,161 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $26,011 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $31,250 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,470,450 | BOYAmt |
| EOY | $0 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,470,450 | BOYAmt |
| EOY | $57,261 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,777,567 | BOYAmt |
| EOY | $1,756,900 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $75,705 | BOYAmt |
| EOY | $4,000 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,853,272 | BOYAmt |
| EOY | $1,760,900 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,323,722 | BOYAmt |
| EOY | $1,818,161 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$1,092,372 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $576,490 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $579,517 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $524,548 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $693,177 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $391,600 | CurrentTaxYearAmt |
| Total | $2,765,332 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $576,490 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $579,517 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $524,548 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $693,177 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $391,600 | CurrentTaxYearAmt |
| Total | $2,765,332 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $235,655 | SubstantialContributorsTotAmt |
| Public Support Total170 | $2,529,677 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $181 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $179 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $189 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $2,143 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $929 | CurrentTaxYearAmt |
| Total | $3,621 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year | $4,484 | CurrentTaxYearAmt |
| Total | $4,484 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $2,773,437 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $605,313 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.91210 | PublicSupportCY170Pct |
| Public Support PY170 | 0.92780 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $186,115 | OtherCostOrOtherBasisAmt |
| Book Value | $186,115 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $4,037 | OtherCostOrOtherBasisAmt |
| Depreciation | $679 | DepreciationAmt |
| Book Value | $3,358 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $189,473 | TotalBookValueLandBuildingsAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART X, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE ORGANIZATION 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 ITS 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. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | Yes (1) | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (2 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROBERT E LEAK JR | ||||||||||||||
| (PRESIDENT END. 4/1/20) | $51,316 | $0 | $16,421 | $0 | $429,223 | $0 | $3,166 | $0 | $6,597 | $0 | $506,723 | $0 | $0 | $0 |
| MARK OWENS | ||||||||||||||
| (PRESIDENT/CEO BEG. 4/1/20) | $84,800 | $127,200 | $8,000 | $12,000 | $0 | $16,398 | $5,088 | $7,632 | $2,924 | $4,726 | $100,812 | $167,956 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 1A | SOCIAL CLUB DUES ARE PROVIDED BY THE ORGANIZATION WHEN MEMBERSHIP FULFILLS GREATER WINSTON-SALEM INC. PURPOSE. ALL SUCH DUES ARE MONITORED FOR PERSONAL USE AND INCLUDED IN TAXABLE COMPENSATION WHEN APPLICABLE. |
| PART I, LINE 4A | IN APRIL 2020, WINSTON-SALEM BUSINESS INC. COMBINED WITH THE GREATER WINSTON-SALEM CHAMBER OF COMMERCE TO OPERATE UNDER THE NEW BRAND, GREATER WINSTON-SALEM INC. WINSTON-SALEM BUSINESS INC. CONTINUES TO EXIST AS A SEPARATE LEGAL ENTITY. THIS COMBINATION ALLOWS FOR THE LEVERAGING OF COMBINED RESOURCES TO FULFILL A SINGLE MISSION OF PROMOTING AND ENCOURAGING BUSINESS DEVELOPMENT IN WINSTON-SALEM AND FORSYTH COUNTY. WITH THE CHANGE OF CONTROL OF WINSTON-SALEM BUSINESS INC., THE GOVERNING BODY OF WINSTON-SALEM BUSINESS INC. APPROVED A ONE-TIME PAYOUT TO WINSTON-SALEM BUSINESS INC. PRESIDENT, ROBERT E. LEAK, OF $429,223. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 4 | EFFECTIVE MARCH 31, 2020, THE BOARD OF DIRECTORS OF GREATER WINSTON-SALEM CHAMBER OF COMMERCE AND WINSTON SALEM BUSINESS INC UNANIMOUSLY APPROVED AN OPERATIONAL AGREEMENT, ALLOWING FOR THE LEVERAGING OF THE COMBINED RESOURCES OF BOTH ORGANIZATIONS TO FULFILL A SINGLE MISSION UNDER A UNIFIED BRAND GREATER WINSTON-SALEM INC. THE AFFILIATION AGREEMENT CREATED A UNIFIED ORGANIZATION UNDER A SINGLE MANAGEMENT AND GOVERNANCE STRUCTURE WHOSE SOLE PURPOSE IS TO PROMOTE ECONOMIC GROWTH AND DEVELOPMENT IN THE GREATER WINSTONSALEM AND FORSYTH COUNTY AREA AND THE PIEDMONT TRIAD REGION. SINCE THE OPERATIONAL AGREEMENT IS CONSIDERED AN AFFILIATION (AS OPPOSED TO A MERGER OR ACQUISITION), BOTH ENTITIES WILL CONTINUE TO EXIST LEGALLY AND RETAIN THEIR RESPECTIVE EXEMPT TAX STATUS AND FEDERAL EXEMPT ORGANIZATION TAX RETURN FILING REQUIREMENTS WITH THE INTERNAL REVENUE SERVICE. ALL ORGANIZATIONS UNDER THE GWSI BRAND WILL HAVE AFFILIATED GOVERNANCE AND MANAGEMENT FUNCTIONS WITH THE EXECUTIVE COMMITTEE AND THE GWSI BOARD OF DIRECTORS SERVING AS DIRECTORS OF WSBI AND THE OFFICERS OF GWSI SERVING AS OFFICERS OF WSBI. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FEDERAL FORM 990 IS REVIEWED AND APPROVED BY THE FILING ORGANIZATION'S FINANCE COMMITTEE. THE FINAL 990 IS MADE AVAILABLE TO ALL BOARD OF DIRECTORS ONCE APPROVED BY THE FINANCE COMMITTEE AND BEFORE IT IS SUBMITTED TO THE IRS. |
| FORM 990, PART VI, SECTION B, 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, PART VI, SECTION B, LINE 15 | THE BOARD CHAIR IS GIVEN THE AUTHORITY TO RECOMMEND AN APPROPRIATE SALARY RANGE AND BENEFITS PACKAGE FOR THE PRESIDENT / CEO. THE BOARD CHAIR HAS ACCESS TO COMPENSATION SURVEYS AND OTHER MARKET DATA TO ENSURE THAT THE ORGANIZATION IS PAYING A COMPETITIVE AND REASONABLE COMPENSATION TO THE PRESIDENT/CEO. THE BOARD CHAIR TAKES THE COMPENSATION RECOMMENDATION TO THE EXECUTIVE COMMITTEE FOR FORMAL APPROVAL AND THIS INFORMATION IS INCLUDED IN THE ANNUAL BUDGET THAT IS FORMALLY APPROVED BY THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION C, 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, PART VI, SECTION C, 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. |
| FORM 990, PART XII, LINE 2C | NO CHANGE FROM PRIOR YEAR IN METHOD OF OVERSIGHT. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Direct Controlling NADirectControllingNACd | Controlled OrganizationControlledOrganizationInd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt |
|---|---|---|---|---|---|---|---|---|---|---|
| GREATER WINSTON-SALEM INC | ||||||||||
| 411 WEST FOURTH STREET | WINSTONSALEM | NC | 27101 | 560459820 | BUSINESS DEVELOPMENT | NC | 501(C)(6) | N/A | 0 | |
| GREATER WINSTON-SALEM CHAMBER OF COMMERCE FOUNDATION INC | ||||||||||
| 411 WEST FOURTH STREET | WINSTONSALEM | NC | 27101 | 510167887 | PROVIDE PHILANTHROPIC AND ELEEMOSYNARY SERVICES TO PEOPLE OF WINSTON-SALEM | NC | 501(C)(3) | 0 | GREATER WINSTON-SALEM INC | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | Yes (1) | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (1) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (1) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | Yes (1) | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | Yes (1) | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | Yes (1) | TransferToOtherOrgInd |
| Transfer From Other Org | Yes (1) | TransferFromOtherOrgInd |
Comments