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EIN 20-8548088

Twin City Development Foundation

IRS 501(c) type
501(c)(6)
Num. employees
0
City
Winston Salem
State
North Carolina
Year formed
2007
Most recent tax filings
2023-12-01
NTEE code, primary
S41: Promotion of Business
Description
To fund, through grants, public education and economic Development in forsyth county and surrounding areas. To fund public education and economic Development in forsyth county and surrounding areas.
Also known as...
Datamax Foundation
Total revenues
$1,097,592
2023
Total expenses
$713,314
2023
Total assets
$14,990,048
2023
Num. employees
0
2023

Program areas at Twin City Development Foundation

Funding, through grants, educational and economic Development in forsyth county and surrounding areas.

Grants made by Twin City Development Foundation

GranteeGrant descriptionAmount
Forsyth Technical Community College FoundationEducation$87,000
Winston StartsEconomic Development$38,530
Winston-Salem Center for Education and the ArtsEducation$35,000
...and 19 more grants made totalling $580,530

Personnel at Twin City Development Foundation

NameTitleCompensation
Robert EglestonExecutive Director$36,000
Ralph WombleChair$0
Andy DreyfussPast Chair$0
Mamie SutphinVice Chair and T$0
Robert ClarkSecond Past Chair$0
...and 4 more key personnel

Financials for Twin City Development Foundation

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$0
Investment income and dividends$414,267
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$683,325
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$1,097,592

Form 990s for Twin City Development Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-05-13990View PDF
2022-122023-05-15990View PDF
2021-122023-02-08990View PDF
2020-122022-02-14990View PDF
2019-122022-01-11990OView PDF
...and 9 more Form 990s
Data update history
July 14, 2024
Updated personnel
Identified 4 new personnel
July 8, 2024
Posted financials
Added Form 990 for fiscal year 2023
July 4, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 29, 2023
Updated personnel
Identified 5 new personnel
June 19, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Grantmaking organizationsPublic sector nonprofitsBusiness and community development organizations
Issues
Business and industry
Characteristics
State / local levelNo full-time employees
General information
Address
500 W 5th St Ste 800-28
Winston Salem, NC 27101
Metro area
Winston-Salem, NC
County
Forsyth County, NC
Website URL
twincityfoundation.org/ 
Phone
(336) 777-3595
IRS details
EIN
20-8548088
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2007
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
S41: Promotion of Business
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Independent
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