2020-05-11T14:37:03-05:00 2019-12-31 560727655 CANNON & COMPANY LLP 2160 COUNTRY CLUB RD WINSTONSALEM NC 271044208 990 2019-01-01 510436665 WINSTON SALEM BUSINESS INC WINS 3367238955 411 WEST FOURTH STREET WINSTONSALEM NC 27101 ROBERT E LEAK JR PRESIDENT 3367238955 2020-05-07 true VALERIE D KIGER P01732917 3367250635 2020-05-07 X 167.68.16.49 2020-05-11 14:37:03 CD P 898C1895B8F201315E3AD013D20E33E4FB790411 6BA951120815B5F9DA08A59816541B256A58022C 2019 2020-09-23 17:36:50Z ROBERT E LEAK JR 1080 WEST FOURTH STREET WINSTONSALEM NC 27101 996233 false X WWW.WSBUSINESSINC.COM X 2003 NC TO RECRUIT NEW BUSINESSES TO WINSTON-SALEM AND FORSYTH COUNTY IN ORDER TO FACILITATE GROWTH AND ECONOMIC DIVERSIFICATION IN THE AREA. 28 28 3 0 524548 693177 130800 170400 511898 37093 39213 1167246 939883 0 0 411881 455237 0 0 263422 373840 675303 829077 491943 110806 6740464 5323722 3997998 2470450 2742466 2853272 TO RECRUIT NEW BUSINESSES TO WINSTON-SALEM AND FORSYTH COUNTY IN ORDER TO FACILITATE GROWTH AND ECONOMIC DIVERSIFICATION IN THE AREA. false false 625329 170400 ORGANIZATION RECRUITED FOUR NEW BUSINESSES TO THE CITY OF WINSTON SALEM AND FORSYTH COUNTY, NORTH CAROLINA,WHICH WILL GENERATE OVER 876 JOBS AND OVER 67 MILLION IN NEW CAPITAL INVESTMENT. 625329 true true false false false false false false false false true false false true true true true false false false false false false false false false false false false true false false false false false false false true false false false false false true true true false false true 1 0 3 true false false false false false false false false false false false false X 28 28 false false false false false false false true true false false true true true true false false true true false NC X KATHLEEN HESS 3367238955 1080 W FOURTH ST 1080 W FOURTH ST WINSTONSALEM NC 27101 CANTEY ALEXANDER CHAIRMAN 0.50 X X 0 0 0 STEPHEN C KOELSCH VICE-CHAIRMA 0.50 X X 0 0 0 SCOTT SEWELL SECRETARY/TR 0.50 X X 0 0 0 JIMMY FLYTHE PAST CHAIRMA 0.50 X X 0 0 0 ROBERT E LEAK JR PRESIDENT 38.00 2.00 X 217922 0 33753 LEIGH C BAGLEY DIRECTOR 0.50 X 0 0 0 KENNETH BASCH DIRECTOR 0.50 X 0 0 0 JONATHON CHASE DIRECTOR 0.50 X 0 0 0 JERRY COOK DIRECTOR 0.50 X 0 0 0 ROBERT EGLESTON DIRECTOR 0.50 X 0 0 0 JULIE A FREISCHLAG MD DIRECTOR 0.50 X 0 0 0 DONALD E FLOW DIRECTOR 0.50 X 0 0 0 TODD HALL DIRECTOR 0.50 X 0 0 0 TRENT JERNIGAN DIRECTOR 0.50 X 0 0 0 J ALLEN JOINES DIRECTOR 0.50 X 0 0 0 G WILLIAM JOYNER III DIRECTOR 0.50 X 0 0 0 TED KAPLAN DIRECTOR 0.50 X 0 0 0 MIKE LANCASTER DIRECTOR 0.50 X 0 0 0 JEFF LINDSAY CHAMBER REP 0.50 X 0 0 0 ELWOOD ROBINSON PHD DIRECTOR 0.50 X 0 0 0 MICHAEL ROGERS DIRECTOR 0.50 X 0 0 0 HAP ROYSTER DIRECTOR 0.50 X 0 0 0 DR JANET N SPRIGGS DIRECTOR 0.50 X 0 0 0 MICHAEL SUGGS DIRECTOR 0.50 X 0 0 0 LISA VENABLE DIRECTOR 0.50 X 0 0 0 KEN WALKER DIRECTOR 0.50 X 0 0 0 ROB WELCH DIRECTOR 0.50 X 0 0 0 WRENN WELLS DIRECTOR 0.50 X 0 0 0 JOHN TRIPP S WILSON III DIRECTOR 0.50 X 0 0 0 217922 33753 1 false true false 217293 475884 693177 WPDA MANGAEMENT FEE 900099 120000 120000 FCDC MANAGEMENT FEE 900099 42900 42900 UCBP MANAGEMENT FEE 900099 7500 7500 170400 2143 2143 91300 56350 34950 34950 34950 MISCELLANEOUS 900099 39213 39213 39213 939883 209613 37093 251675 201431 50244 141035 110783 30252 11658 11658 29421 23110 6311 21448 16847 4601 14563 14563 8266 8266 21822 21822 5145 5145 42553 17909 24644 4433 4433 7165 5628 1537 PUBLIC REL & MARKET-COUNT 79581 79581 PUBLIC REL & MARKET-CITY 78575 78575 PUBLIC RELATIONS 37580 37580 MERGER RELATED EXPENSES 25133 25133 49024 23231 25793 829077 625329 203748 0 513393 1422660 23960 75705 408880 375291 440700 1844599 6787 2471 502916 26311 532956 476605 2969189 2970990 6740464 5323722 500 3997498 2470450 3997998 2470450 X 2718506 2777567 23960 75705 2742466 2853272 6740464 5323722 110806 X false true X true false X 606787 576490 579517 524548 693177 2980519 606787 576490 579517 524548 693177 2980519 212660 2767859 182 181 179 189 2143 2874 2983393 645813 0.92780 0.94290 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 476605 476605 26311 26311 476605 RECEIVABLE-LAND SALE NET OF CURRENT 2470450 CASH RESTRICTED FOR PROJECTS 500540 2970990 NOTE PAYABLE 2470450 2470450 X 939883 939883 939883 829077 829077 829077 SCHEDULE D, PAGE 3, PART X THE ORGANIZATION IS AN EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE UNITED STATES INTERNAL REVENUE CODE. THE ORGANIZATION IS SUBJECT TO INCOME TAX ON UNRELATED BUSINESS INCOME. THE ORGANIZATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE ORGANIZATION'S FORMS 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, AND FEDERAL EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURNS (FORM 990T) FOR 2019, 2018, AND 2017 ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY ARE FILED. X true true X X X false false false false false false false false false ROBERT E LEAK JR PRESIDENT 217922 33357 396 251675 WINSTON-SALEM ALLIANCE PRESIDENT 110500 GRANT false FORM 990, PAGE 6, PART VI, LINE 11B THE BOARD REVIEWS THE FORM 990 BEFORE IT IS FILED. FORM 990, PAGE 6, PART VI, LINE 12C EACH BOARD MEMBER IS REQUIRED TO DISCLOSE ANY INTERESTS THAT COULD GIVE RISE TO CONFLICT AND SIGN A CONFLICT OF INTEREST POLICY STATEMENT ANNUALLY. FORM 990, PAGE 6, PART VI, LINE 15A COMPENSATION FOR ORGANIZATION'S PRESIDENT IS SET AND APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 15B COMPENSATION FOR ORGANIZATION'S KEY EMPLOYEES IS SET AND APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC BY REQUEST. FORSYTH COUNTY DEVELOPMENT CORPORAT 1080 W FOURTH ST WINSTONSALEM NC 27101 561576009 RECRUIT NE NC 501C6 7 W-S BUSINE true false false false false true false false false false false false true false false true false true false false FORSYTH COUNTY DEVELOPMENT CORPORAT E 763524 COST FORSYTH COUNTY DEVELOPMENT CORPORAT L 42900 COST FORSYTH COUNTY DEVELOPMENT CORPORAT O 358957 W-2 FORSYTH COUNTY DEVELOPMENT CORPORAT Q 20965 COST