- Revenue 2024
- $226,743
- Expenses 2024
- $1,411,350
Program services were 98.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
As filed
- Subsection
- 03
- NTEE code
- T30
- Classification
- 1000
- Street
- 751 W 4TH ST STE 200
These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).
Officers and directors · 2024
As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.
-
Allen Joines
President
- Total calculated
- $0
- Hours/week
- 4
-
Ralph Womble
Chairman
- Total calculated
- $0
- Hours/week
- 2
-
David Neill
Director
- Total calculated
- $0
- Hours/week
- 1
-
Don Flow
Director
- Total calculated
- $0
- Hours/week
- 1
-
Elwood Robinson
Director
- Total calculated
- $0
- Hours/week
- 1
-
F Borden Hanes
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jeff Smith
Director
- Total calculated
- $0
- Hours/week
- 1
-
Latida Smith
Director, Ex Officio
- Total calculated
- $0
- Hours/week
- 1
-
Mark Preston
Director
- Total calculated
- $0
- Hours/week
- 1
-
Redge Hanes
Director
- 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. Earlier years are each on their own filing page.
Filings
-
2024
- Revenue
- $226,743
- Expenses
- $1,411,350
- Contributions
- $200,000
- Grants paid
- $1,385,000
-
2023
- Revenue
- $434,594
- Expenses
- $1,460,500
- Contributions
- $400,000
- Grants paid
- $1,440,000
-
2022
- Revenue
- $518,410
- Expenses
- $1,604,529
- Contributions
- $516,000
- Grants paid
- $1,582,450
The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.
Grants made
-
$800,000
2024 ASPIRE and Tech Talent Fund
-
$500,000
2023 Special Projects Fund
-
$400,000
2023 Entrepreneurial Support Fund
-
Downtown Winston-Salem Foundation
$250,000
2023 New Economic Development Fund
-
2024 Slater Speaker Series
-
UNC School of the Arts Foundation
$200,000
2024 Speaker Series of the Stevens Center
-
Downtown Winston-Salem Foundation
$100,000
2023 Merschel Park maintenance and improvements
-
2024 2024 National Black Theater Festival
-
$60,000
2024 Final Operating Support Commitment 2024
-
$60,000
2023 Start-up business recruitment
The 10 largest by cash amount. The API serves every itemized grant.
Grants received
-
$516,000
2022 1 GRANT(S) FOR VARYING PURPOSES
Related organizations
From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.
Declared as related by
-
On its 2024 return
Other IRS files
Auto-Revocation List
Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.
Publication 78
Listed as of 10 September 2026, under deductibility SOUNK.
These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.