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Nonprofiteer
← WINSTON STARTS

Form 990 for tax year 2022

Filed by WINSTON STARTS.

Totals

Total revenue
$1,251,998
Total expenses
$1,288,369
Contributions and grants received
$1,029,584
Grants paid
$0
Program service revenue
$158,511
Investment income
$20
Other revenue
$63,883
Total assets, end of year
$1,867,594
Total liabilities, end of year
$22,479
Net assets or fund balances, end of year
$1,845,115
Program services expenses (Part IX)
$1,228,984
Management and general expenses
$59,385
Fundraising expenses
$0
Program service expenses (Part III)
$1,228,984

Program services were 95.4% 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

    $1,029,584

  • 1g · Noncash contributions included above

    $484,584

  • 2a · Program service revenue: PROG.SERV.REVENUE-RELA

    total $158,511 · related or exempt $158,511

  • 3 · Investment income

    total $20 · excluded $20

  • 11a · Other revenue: OTHER REVENUE

    total $63,883 · related or exempt $63,883

  • 11e · Other revenue, total

    $63,883

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $105,000 · program services $52,500 · management and general $52,500

  • 7 · Other salaries and wages

    total $173,421 · program services $173,421

  • 10 · Payroll taxes

    total $20,999 · program services $16,983 · management and general $4,016

  • 11b · Fees: legal

    total $575 · program services $575

  • 11c · Fees: accounting

    total $2,869 · management and general $2,869

  • 11g · Fees: other

    total $12,864 · program services $12,864

  • 12 · Advertising and promotion

    total $51,684 · program services $51,684

  • 14 · Information technology

    total $41,166 · program services $41,166

  • 16 · Occupancy

    total $748,454 · program services $748,454

  • 17 · Travel

    total $5,755 · program services $5,755

  • 20 · Interest

    total $3,127 · program services $3,127

  • 22 · Depreciation, depletion and amortization

    total $99,611 · program services $99,611

  • 23 · Insurance

    total $3,471 · program services $3,471

  • 24a · Other expenses: KITCHEN/FOOD/VENDOR SUP

    total $7,860 · program services $7,860

  • 24b · Other expenses: PRINTING & COPYING

    total $4,585 · program services $4,585

  • 24c · Other expenses: MEMBERSHIP DUES

    total $3,050 · program services $3,050

  • 24d · Other expenses: BANK CHARGES & FEES

    total $938 · program services $938

  • 24e · All other expenses

    total $2,940 · program services $2,940

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $51,832 · end of year $36,839

  • 2 · Savings and temporary cash investments

    beginning of year $271,478 · end of year $246,498

  • 4 · Accounts receivable

    beginning of year $39,784 · end of year $7,399

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

    $1,902,414

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

    $411,736

  • 10c · Land, buildings and equipment, net

    beginning of year $1,581,812 · end of year $1,490,678

  • 14 · Intangible assets

    beginning of year $94,657 · end of year $86,180

  • 17 · Accounts payable and accrued expenses

    beginning of year $68,854 · end of year -$419

  • 23 · Secured mortgages and notes payable

    beginning of year $89,223 · end of year $22,898

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,881,486 · end of year $1,845,115

Mission and programs · 2022

Mission

THE SPECIFIC PURPOSES FOR WHICH THE CORPORATION IS ORGANIZED ARE (I) TO CREATE LONG-TERM JOB GROWTH AND ECONOMIC VITALITY IN AND AROUND WINSTON-SALEM, NORTH CAROLINA, AND ACCORDINGLY BENEFIT THE WINSTON-SALEM AREA AND ITS CITIZENS AS A WHOLE, BY PROVIDING EDUCATION, OFFICE SPACE, AND ACCESS TO PROFESSIONAL SERVICES AND OTHER FORMS OF SUPPORT TO STARTUP AND EARLY STAGE BUSINESSES COMMITTED TO LOCATING IN AND AROUND WINSTON-SALEM; (II) TO SERVE AS A CATALYST FOR ECONOMIC DEVELOPMENT THROUGH THE ATTRACTION OF NEW BUSINESSES TO WINSTON-SALEM AND THE GROWTH OF EXISTING WINSTON-SALEM-BASED COMPANIES.

Activities or mission (Part I)

OUR MISSION IS TO DRIVE THE FUTURE ECONOMIC HEALTH OF WINSTON-SALEM, TRIAD AND NORTH CAROLINA BY: PROVIDING INTENSE, INSPIRING, AND DURATION-APPROPRIATE SUPPORT FOR STARTUPS WITH NATIONALLY SCALABLE BUSINESS MODELS. COLLABORATING WITH OTHER STARTUP SUPPORT ENTERPRISES ACROSS THE TRIAD AND THE STATE TO DEVELOP A COORDINATED TRELLIS OF STARTUP SUPPORT. PROMOTING A CULTURE OF ENTREPRENEURSHIP AND INNOVATION.

  • PROVIDING OFFICE SPACE TO START UP COMPANIES

    Expenses $1,228,984 · Revenue $222,394

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • John C Whitaker Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Donald E Flow

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Todd Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Steven A Lineberger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Natalie Jensen-Noll

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Trinity Manning

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David Wahrfahtig

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Stanley Parker

    PRESIDENT

    Total calculated
    $105,000
    From this org
    $105,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Elizabeth Brown

    VICE PRESIDENT

    Total calculated
    $99,000
    From this org
    $99,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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
2022
Filed
15 May 2023
IRS schema version
2022v5.0
Source object
202301359349304910

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

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