Form 990 for tax year 2024
Filed by BOSTON-THURMOND INNOVATION NETWORK.
Totals
- Total revenue
- $2,559,726
- Total expenses
- $1,015,509
- Contributions and grants received
- $2,556,102
- Grants paid
- $1,695
- Program service revenue
- $0
- Investment income
- $3,624
- Other revenue
- $0
- Total assets, end of year
- $2,767,341
- Total liabilities, end of year
- $210,580
- Net assets or fund balances, end of year
- $2,556,761
- Program services expenses (Part IX)
- $889,443
- Management and general expenses
- $126,066
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $889,443
Program services were 87.6% 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.
-
1c · Fundraising events
$500
-
1e · Government grants (contributions)
$1,773,009
-
1f · All other contributions, gifts and grants
$782,593
-
1g · Noncash contributions included above
$24,300
-
3 · Investment income
total $3,624 · excluded $3,624
-
8a · Fundraising events: contributions included on line 1c
$500
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,695 · program services $1,695
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $48,778 · program services $47,315 · management and general $1,463
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $136,758 · program services $136,652 · management and general $106
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $14,209 · program services $13,044 · management and general $1,165
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $202 · management and general $202
-
11c · Fees: accounting
total $39,985 · program services $17,492 · management and general $22,493
-
11d · Fees: lobbying
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $500,970 · program services $475,057 · management and general $25,913
-
12 · Advertising and promotion
total $19,259 · program services $19,259
-
13 · Office expenses
total $33,254 · program services $4,950 · management and general $28,304
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $20,394 · program services $4,000 · management and general $16,394
-
17 · Travel
total $20,938 · program services $14,051 · management and general $6,887
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $11,337 · program services $11,337
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $30,536 · program services $15,268 · management and general $15,268
-
23 · Insurance
total $8,208 · program services $4,104 · management and general $4,104
-
24a · Other expenses: Program Supplies
total $70,288 · program services $70,288
-
24b · Other expenses: Resident Engagement/Capacity
total $38,804 · program services $38,804
-
24c · Other expenses: Training
total $10,383 · program services $9,532 · management and general $851
-
24d · Other expenses: Vehicle Expenses
total $2,984 · program services $2,739 · management and general $245
-
24e · All other expenses
total $6,527 · program services $3,856 · management and general $2,671
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $581,902 · end of year $208,439
-
2 · Savings and temporary cash investments
beginning of year $162,583 · end of year $358,507
-
3 · Pledges and grants receivable
end of year $147,087
-
9 · Prepaid expenses and deferred charges
end of year $5,608
-
10a · Land, buildings and equipment: cost or other basis
$2,095,082
-
10b · Land, buildings and equipment: accumulated depreciation
$47,382
-
10c · Land, buildings and equipment, net
beginning of year $404,280 · end of year $2,047,700
-
17 · Accounts payable and accrued expenses
beginning of year $136,221 · end of year $210,580
-
27 · Net assets without donor restrictions
beginning of year $491,202 · end of year $2,048,775
-
28 · Net assets with donor restrictions
beginning of year $521,342 · end of year $507,986
Mission and programs · 2024
Mission
To facilitate and support the vision of Boston-Thurmond residents for a strong and economically viable neighborhood that is fully integrated into the broader Winston-Salem community. The Network helps implement an intertwined approach to community revitalization, consistent with the Purpose Built Communities model.
Activities or mission (Part I)
To facilitate and support the vision of Boston-Thurmond residents for a strong and economically viable neighborhood that is fully integrated into the broader Winston-Salem community,.
-
In FY 24-25, we served approximately 460 residents at our office building through community programming including grand opening activities, community town halls, board meetings, and neighborhood association meetings. We conducted inspections and critical repairs of approximately 20K in the Boston-Thurmond neighborhood through our Safe Home Repair Program, preventing displacement of four families. We served approximately 524 in the Boston-Thurmond through digital literacy courses and distribution of laptop computers. We served 11 high school teenagers from 14-18 years old through our Summer Leadership by Design Camp, providing teens with technical skills in planning, architecture, and design. We served approximately 530 mothers through our Forsyth County Birth Stories initiative including sponsoring a community baby shower, and awarding over 20K in mini grants for programs designed to address equitable birth outcomes in the 27105 zip code. Participant satisfaction surveys have been highly favorable.
Expenses $889,443 · Grants $1,695
As filed on the 2024 return.
Listed in Part VII
-
Regina Hall
Executive Director
- Total calculated
- $80,530
- From this org
- $80,530
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Pat Caldwell
Resident Vice Chair
- Total calculated
- $1,130
- From this org
- $1,130
- From related orgs
- $0
- Other
- $0
- Hours/week
- 2
-
Mark Tonnesen
Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Claire Tuttle
Secretary
- Total calculated
- $0
- Hours/week
- 2
-
Doug Smith
Vice Chair
- Total calculated
- $0
- Hours/week
- 2
-
Dr Pamela Oliver
Chair
- Total calculated
- $0
- Hours/week
- 2
-
Zina Johnson
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Dr Thomas Koontz
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Donald Flow
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Anna Reilly
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Eric Martin
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Dr Paula Wilkins
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Dothula Baron
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Ola Brown
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Dr Susan Wente
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
David West
Board Member
- 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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 15 May 2026
- IRS schema version
- 2024v5.2
- Source object
- 202611359349302186
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