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Nonprofiteer
← DOWNTOWN WINSTON-SALEM FOUNDATION

Form 990 for tax year 2022

Filed by DOWNTOWN WINSTON-SALEM FOUNDATION.

Totals

Total revenue
$387,806
Total expenses
$216,671
Contributions and grants received
$379,800
Grants paid
$11,645
Program service revenue
$6,958
Investment income
$1,048
Other revenue
$0
Total assets, end of year
$1,676,463
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,676,463
Program services expenses (Part IX)
$182,852
Management and general expenses
$33,819
Fundraising expenses
$0
Program service expenses (Part III)
$182,852

Program services were 84.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $379,800

  • 2a · Program service revenue: INTEREST INCOME - LOANS

    total $6,958 · related or exempt $6,958

  • 3 · Investment income

    total $1,048 · related or exempt $1,048

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $11,645 · program services $11,645

  • 11c · Fees: accounting

    total $11,750 · management and general $11,750

  • 13 · Office expenses

    total $114 · management and general $114

  • 22 · Depreciation, depletion and amortization

    total $2,730 · program services $546 · management and general $2,184

  • 24a · Other expenses: FROPERTY MANAGEMENT

    total $19,059 · management and general $19,059

  • 24b · Other expenses: SPECIAL PROJECTS

    total $164,361 · program services $164,361

  • 24c · Other expenses: ADMINISTRATIVE SUPPORT

    total $7,000 · program services $6,300 · management and general $700

  • 24e · All other expenses

    total $12 · management and general $12

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $700,064 · end of year $814,521

  • 2 · Savings and temporary cash investments

    beginning of year $712,245 · end of year $712,840

  • 7 · Other notes and loans receivable

    beginning of year $89,437 · end of year $115,295

  • 10a · Land, buildings and equipment: cost or other basis

    $41,082

  • 10b · Land, buildings and equipment: accumulated depreciation

    $7,275

  • 10c · Land, buildings and equipment, net

    beginning of year $3,582 · end of year $33,807

  • 27 · Net assets without donor restrictions

    beginning of year $506,804 · end of year $492,300

  • 28 · Net assets with donor restrictions

    beginning of year $998,524 · end of year $1,184,163

Mission and programs · 2022

Mission

PROMOTE REVITALIZATION OF DOWNTOWN WINSTON-SALEM

  • PROMOTED REVITALIZATION OF DOWNTOWN WINSTON-SALEM

    Expenses $182,852

As filed on the 2022 return.

Listed in Part VII

  • DARA FOLAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ERICKA MIELKE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SUZY BAXTER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KELLY OTIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ANDERSON LANGFORD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • HEIDI SCHWARTZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ADAM SEBASTION

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ALFRED ADAMS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RALPH WOMBLE

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • JASON THIEL

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    20

  • MIKE CASHIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MEADE WILLIS

    CHAIR

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Provenance

Return type
form_990
Tax year
2022
Filed
1 November 2023
IRS schema version
2022v5.0
Source object
202410299349301451

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