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Nonprofiteer
← GREATER WINSTON-SALEM DEVELOPMENT CORP

Form 990 for tax year 2022

Filed by GREATER WINSTON-SALEM DEVELOPMENT CORP.

Totals

Total revenue
$791,137
Total expenses
$808,007
Contributions and grants received
$760,534
Grants paid
$0
Program service revenue
$0
Investment income
$15,942
Other revenue
$14,661
Total assets, end of year
$1,389,916
Total liabilities, end of year
$91,973
Net assets or fund balances, end of year
$1,297,943
Program services expenses (Part IX)
$608,290
Management and general expenses
$199,717
Fundraising expenses
$0
Program service expenses (Part III)
$608,290

Program services were 75.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • MARK OWENS

    PRESIDENT/CE

    Total calculated
    $301,090
    From this org
    $0
    From related orgs
    $278,250
    Other
    $22,840
    Hours/week
    16 + 24 related

    Schedule J breakdown matched by us

    Base
    not reported + $238,000 related
    Bonus
    not reported + $12,500 related
    Other
    not reported + $27,750 related
    Deferred
    not reported + $14,280 related
    Nontaxable benefits
    not reported + $8,560 related
    Filer's total
    not reported + $301,090 related

  • NICK REED

    CFO

    Total calculated
    $176,769
    From this org
    $0
    From related orgs
    $157,753
    Other
    $19,016
    Hours/week
    12 + 28 related

    Schedule J breakdown matched by us

    Base
    not reported + $140,000 related
    Bonus
    not reported + $10,000 related
    Other
    not reported + $7,753 related
    Deferred
    not reported + $14,000 related
    Nontaxable benefits
    not reported + $5,016 related
    Filer's total
    not reported + $176,769 related

  • LAURA LEE

    SVP OF ECONO

    Total calculated
    $146,567
    From this org
    $0
    From related orgs
    $128,400
    Other
    $18,167
    Hours/week
    40

  • MAMIE SUTPHIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • STEVE LINEBERGER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • TODD HALL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DAVID NEILL

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • CATHY PACE

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • JOHN DAVENPORT

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • DR JANET SPRIGGS

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PAGE 1, PART I, LINE 1A
SOCIAL CLUB DUES ARE PROVIDED BY THE ORGANIZATION WHEN MEMBERSHIP FULFILLS GREATER WINSTON-SALEM INC.'S PURPOSE. ALL SUCH DUES ARE MONITORED FOR PERSONAL USE AND INCLUDED IN TAXABLE COMPENSATION WHEN APPLICABLE.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
5 July 2023
IRS schema version
2022v5.0
Source object
202321869349300512

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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