Form 990 for tax year 2023
Filed by BOSTON-THURMOND INNOVATION NETWORK.
Totals
- Total revenue
- $986,969
- Total expenses
- $962,565
- Contributions and grants received
- $978,906
- Grants paid
- $1,500
- Program service revenue
- $0
- Investment income
- $7,883
- Other revenue
- $180
- Total assets, end of year
- $1,148,765
- Total liabilities, end of year
- $136,221
- Net assets or fund balances, end of year
- $1,012,544
- Program services expenses (Part IX)
- $839,119
- Management and general expenses
- $123,446
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $839,119
Program services were 87.2% 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.
-
1e · Government grants (contributions)
$410,680
-
1f · All other contributions, gifts and grants
$568,226
-
3 · Investment income
total $7,883 · excluded $7,883
-
11a · Other revenue: Miscellaneous Revenue
total $180 · excluded $180
-
11e · Other revenue, total
$180
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $1,500 · program services $1,500
-
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 $74,941 · program services $69,607 · management and general $5,334
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $71,569 · program services $71,569
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $10,830 · program services $9,801 · management and general $1,029
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $18,641 · program services $18,641
-
11c · Fees: accounting
total $23,322 · management and general $23,322
-
11d · Fees: lobbying
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $514,819 · program services $504,907 · management and general $9,912
-
12 · Advertising and promotion
total $25,515 · program services $24,675 · management and general $840
-
13 · Office expenses
total $14,912 · program services $2,866 · management and general $12,046
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $13,180 · program services $4,000 · management and general $9,180
-
17 · Travel
total $30,169 · program services $469 · management and general $29,700
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $16,707 · program services $8,354 · management and general $8,353
-
23 · Insurance
total $11,608 · program services $5,804 · management and general $5,804
-
24a · Other expenses: Program Supplies
total $57,617 · program services $57,617
-
24b · Other expenses: Resident Engagement/Capacity
total $35,572 · program services $35,572
-
24c · Other expenses: Training
total $12,574 · program services $11,379 · management and general $1,195
-
24d · Other expenses: Vehicle Expenses
total $2,755 · program services $2,493 · management and general $262
-
24e · All other expenses
total $26,334 · program services $9,865 · management and general $16,469
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $879,585 · end of year $581,902
-
2 · Savings and temporary cash investments
end of year $162,583
-
3 · Pledges and grants receivable
beginning of year $96,588
-
4 · Accounts receivable
beginning of year $2,807
-
10a · Land, buildings and equipment: cost or other basis
$421,126
-
10b · Land, buildings and equipment: accumulated depreciation
$16,846
-
10c · Land, buildings and equipment, net
beginning of year $18,556 · end of year $404,280
-
17 · Accounts payable and accrued expenses
beginning of year $9,396 · end of year $136,221
-
27 · Net assets without donor restrictions
beginning of year $499,513 · end of year $491,202
-
28 · Net assets with donor restrictions
beginning of year $488,627 · end of year $521,342
Mission and programs · 2023
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,.
-
Strives to create a vibrant neighborhood that honors its rich history and expands the opportunities for safe and healthy lifestyles quality, affordable housing at all income levels neighborhood schools that provide the highest educational outcomes, starting at birth and access to jobs and economic well-being.
Expenses $839,119 · Grants $1,500
As filed on the 2023 return.
Listed in Part VII
-
Regina Hall
Executive Director
- Total calculated
- $18,800
- From this org
- $18,800
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Doug Smith
Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Anna Reilly
Chair
- Total calculated
- $0
- Hours/week
- 2
-
Donald Flow
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Dr Thomas Koontz
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Zina Johnson
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Ola Brown
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Dothula Baron
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Paula Wilkins
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Dr Pamela Oliver
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Eric Martin
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Pat Caldwell
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Mark Tonnesen
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Claire Tuttle
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
-
Dr Julia Jackson-Newsom
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
- 2023
- Filed
- 9 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202521329349302017
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