Form 990 for tax year 2023
Filed by DOWNTOWN WINSTON-SALEM FOUNDATION.
Totals
- Total revenue
- $35,907
- Total expenses
- $81,184
- Contributions and grants received
- $8,152
- Grants paid
- $10,444
- Program service revenue
- $11,554
- Investment income
- $16,201
- Other revenue
- $0
- Total assets, end of year
- $1,641,686
- Total liabilities, end of year
- $12,000
- Net assets or fund balances, end of year
- $1,629,686
- Program services expenses (Part IX)
- $63,353
- Management and general expenses
- $17,831
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $63,353
Program services were 78.0% 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
$8,152
-
2a · Program service revenue: INTEREST INCOME - LOANS
total $11,554 · related or exempt $11,554
-
3 · Investment income
total $16,201 · related or exempt $16,201
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $10,444 · program services $10,444
-
11c · Fees: accounting
total $12,250 · management and general $12,250
-
22 · Depreciation, depletion and amortization
total $5,868 · program services $1,174 · management and general $4,694
-
24a · Other expenses: PROVISION FOR CREDIT LOSSES
total $2,000 · program services $2,000
-
24b · Other expenses: SPECIAL PROJECTS
total $43,435 · program services $43,435
-
24c · Other expenses: ADMINISTRATIVE SUPPORT
total $7,000 · program services $6,300 · management and general $700
-
24e · All other expenses
total $187 · management and general $187
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $814,521 · end of year $242,128
-
2 · Savings and temporary cash investments
beginning of year $712,840 · end of year $1,099,009
-
7 · Other notes and loans receivable
beginning of year $115,295 · end of year $272,610
-
10a · Land, buildings and equipment: cost or other basis
$41,082
-
10b · Land, buildings and equipment: accumulated depreciation
$13,143
-
10c · Land, buildings and equipment, net
beginning of year $33,807 · end of year $27,939
-
17 · Accounts payable and accrued expenses
end of year $12,000
-
27 · Net assets without donor restrictions
beginning of year $492,300 · end of year $476,023
-
28 · Net assets with donor restrictions
beginning of year $1,184,163 · end of year $1,153,663
Mission and programs · 2023
Mission
PROMOTE REVITALIZATION OF DOWNTOWN WINSTON-SALEM
-
PROMOTED REVITALIZATION OF DOWNTOWN WINSTON-SALEM
Expenses $63,353
As filed on the 2023 return.
Listed in Part VII
-
Anderson LangfordANDERSON LANGFORD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Suzy BaxterSUZY BAXTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kelly OtisKELLY OTIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Walter FarabeeWALTER FARABEE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Heidi SchwartzHEIDI SCHWARTZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dara FolanDARA FOLAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ralph WombleRALPH WOMBLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Alfred AdamsALFRED ADAMS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mike CashinMIKE CASHIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jason ThielJASON THIEL
EXECUTIVE DIRECTOR
- Total calculated
- $0
- Hours/week
- 20
-
Meade WillisMEADE 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
-
DOWNTOWN WINSTON SALEM PARTNERSHIP
no cash amount reported
DOWNTOWN IMPROVEMENTS
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 January 2024
- IRS schema version
- 2023v5.1
- Source object
- 202413519349301211
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