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Nonprofiteer
← AGILE CITY WINSTON-SALEM

Form 990 for tax year 2022

Filed by AGILE CITY WINSTON-SALEM.

Totals

Total revenue
$604,303
Total expenses
$1,477,273
Contributions and grants received
$70,000
Grants paid
$409,363
Program service revenue
$529,068
Investment income
$0
Other revenue
$5,235
Total assets, end of year
$131,565
Total liabilities, end of year
$46,445
Net assets or fund balances, end of year
$85,120
Program services expenses (Part IX)
$1,364,199
Management and general expenses
$70,677
Fundraising expenses
$42,397
Program service expenses (Part III)
$1,364,199

Program services were 92.3% 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

    $70,000

  • 2a · Program service revenue: INNOVATION SERVICES

    total $357,734 · related or exempt $357,734

  • 2b · Program service revenue: ECOSYSTEM

    total $171,334 · related or exempt $171,334

  • 11a · Other revenue: MISCELLANEOUS

    total $5,235 · excluded $5,235

  • 11e · Other revenue, total

    $5,235

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $409,363 · program services $409,363

  • 5 · Compensation of officers, directors and key employees

    total $173,403 · program services $156,063 · management and general $3,468 · fundraising $13,872

  • 7 · Other salaries and wages

    total $224,524 · program services $202,072 · management and general $4,490 · fundraising $17,962

  • 9 · Other employee benefits

    total $34,473 · program services $31,026 · management and general $689 · fundraising $2,758

  • 10 · Payroll taxes

    total $28,273 · program services $25,446 · management and general $565 · fundraising $2,262

  • 11c · Fees: accounting

    total $38,814 · management and general $38,814

  • 11g · Fees: other

    total $377,933 · program services $377,933

  • 12 · Advertising and promotion

    total $71,514 · program services $71,514

  • 13 · Office expenses

    total $4,586 · program services $2,293 · management and general $1,834 · fundraising $459

  • 14 · Information technology

    total $57,932 · program services $42,832 · management and general $15,100

  • 16 · Occupancy

    total $5,418 · program services $4,876 · management and general $109 · fundraising $433

  • 17 · Travel

    total $16,163 · program services $16,163

  • 20 · Interest

    total $330 · management and general $330

  • 22 · Depreciation, depletion and amortization

    total $1,695 · management and general $1,695

  • 23 · Insurance

    total $5,294 · program services $3,970 · management and general $1,324

  • 24a · Other expenses: DUES AND SUBSCRIPTIONS

    total $13,731 · program services $13,731

  • 24b · Other expenses: MISCELLANEOUS

    total $10,154 · program services $6,917 · management and general $2,259 · fundraising $978

  • 24c · Other expenses: TRAINING

    total $3,673 · fundraising $3,673

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $547,379 · end of year $49,470

  • 3 · Pledges and grants receivable

    beginning of year $127,300

  • 4 · Accounts receivable

    beginning of year $314,419 · end of year $71,960

  • 9 · Prepaid expenses and deferred charges

    end of year $6,686

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

    $13,754

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

    $10,305

  • 10c · Land, buildings and equipment, net

    beginning of year $5,144 · end of year $3,449

  • 17 · Accounts payable and accrued expenses

    beginning of year $36,152 · end of year $46,445

  • 31 · Retained earnings, endowment or other funds

    beginning of year $958,090 · end of year $85,120

Mission and programs · 2022

Mission

TO BROADEN, CONNECT, AND SUPPORT THE INNOVATION COMMUNITY THROUGH PUBLIC SPACES AND PROGRAMS TO HELP ANYONE WITH AN IDEA SUCCEED.

  • TO BROADEN, CONNECT, AND SUPPORT THE INNOVATION COMMUNITY THROUGH PUBLIC SPACES AND PROGRAMS TO HELP ANYONE WITH AN IDEA SUCCEED.

    Expenses $834,052 · Grants $8,500 · Revenue $529,068

  • VENTURE WINSTON GRANTS- TO ACCELERATE INNOVATION AND ENTREPRENEURSHIP THROUGH A COMPETITION THAT PROVIDES NON-EQUITY GRANTS AND ECOSYSTEM SUPPORT TO START-UP COMPANIES IN FUTURE-FOCUSED SECTORS, INCLUDING (BUT NOT LIMITED TO) AVIATION, HEALTHCARE TECHNOLOGY, AUGMENTED AND VIRTUAL REALITY, CYBERSECURITY, AND CREATIVE ENTERPRISE.

    Expenses $530,147 · Grants $400,863

As filed on the 2022 return.

Listed in Part VII

  • KAREN BARNES

    EXECUTIVE DI

    Total calculated
    $173,403
    From this org
    $149,808
    From related orgs
    $0
    Other
    $23,595
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $149,808
    Bonus
    not reported
    Other
    not reported
    Deferred
    $5,992
    Nontaxable benefits
    $17,603
    Filer's total
    $173,403

  • CAROLINE MOORE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • FLETCHER STEELE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JASON PADONE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DAVID MOUNTS

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • ALLEN JOINES

    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

None.

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

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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2022
Filed
31 May 2023
IRS schema version
2022v5.0
Source object
202321649349301002

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

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