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← GREATER WINSTON SALEM CHAMBER OF COMMERCE FOUNDATION INC

Form 990 for tax year 2023

Filed by GREATER WINSTON SALEM CHAMBER OF COMMERCE FOUNDATION INC.

Totals

Total revenue
$60,247
Total expenses
$399,809
Contributions and grants received
$60,130
Grants paid
$219,600
Program services expenses (Part IX)
$399,600
Management and general expenses
$209
Fundraising expenses
$0
Program service expenses (Part III)
$399,600

Program services were 99.9% 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
    $309,851
    From this org
    $0
    From related orgs
    $285,430
    Other
    $24,421
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $250,000 related
    Bonus
    not reported + $13,125 related
    Other
    not reported + $22,305 related
    Deferred
    not reported + $15,000 related
    Nontaxable benefits
    not reported + $9,421 related
    Filer's total
    not reported + $309,851 related

  • NICK REED

    CFO

    Total calculated
    $186,735
    From this org
    $0
    From related orgs
    $165,512
    Other
    $21,223
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    not reported + $149,792 related
    Bonus
    not reported + $10,600 related
    Other
    not reported + $5,120 related
    Deferred
    not reported + $14,979 related
    Nontaxable benefits
    not reported + $6,244 related
    Filer's total
    not reported + $186,735 related

  • LAURA LEE

    SVP OF ECONO

    Total calculated
    $148,985
    From this org
    $0
    From related orgs
    $132,856
    Other
    $16,129
    Hours/week
    0 + 40 related

  • AJAY PATEL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • BRENT WADDELL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ROB SIMON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • KATIE POWER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • STEVE BAGLEY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • CATHY PACE

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • APRILLE BELL

    TREASURER

    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 — 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

  • 4a · Severance or change-of-control payment

Answered no

  • 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 4
LAURA LEE 63,591 0 0
SCHEDULE J, PART III
PART 1, LINE 4A: SEVERANCE PAYMENT - LAURA LEE LAURA LEE RECEIVED A TOTAL OF 63,591 RELATED TO HER SEPARATION FROM EMPLOYMENT. 33,591 WAS PAID IN 2023 AND IS INCLUDED IN COMPENSATION REPORTED ON THIS FORM 990 AND 30,000 WILL BE PAID OUT IN 2024.

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.

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
2023
Filed
22 October 2024
IRS schema version
2023v5.0
Source object
202422969349301367

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

The source document this was parsed from is served over the API, which is where bulk and document access live.