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EIN 51-0436665

Greater Winston-Salem Development Corporation

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Winston Salem
State
North Carolina
Year formed
2003
Most recent tax filings
2023-12-01
NTEE code, primary
S31: Urban, Community Economic Development
Description
Greater Winston-Salem Development Corporation facilitates growth and economic diversification in Winston-Salem and Forsyth County by recruiting new businesses to the area. The organization supports the local business community and targets industries such as healthcare/life science, aerospace/aviation, and headquarters for economic growth and expansion.
Also known as...
Winston Salem Business
Total revenues
$1,620,487
2023
Total expenses
$909,476
2023
Total assets
$2,114,188
2023
Num. employees
0
2023

Program areas at Greater Winston-Salem Development Corporation

The organization supports the local business community in its effort to increase investment and jobs throughout forsyth county, nc. We target the following industries for economic growth and expansion: healthcare/life science, aerospace/aviation, headquarters & business services, advanced manufacturing (transportation/logistics and food & beverage manufacturing), technology & high growth entrepreneurship. We emphasize innovation and entrepreneurship across all target sectors, to recognize Winston-Salem's strength in innovative thought and creative economy.

Grants made by Greater Winston-Salem Development Corporation

GranteeGrant descriptionAmount
Winston-Salem Police FoundationSecurity Cameras$50,000

Who funds Greater Winston-Salem Development Corporation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
The Millennium Fund CO Winston-Salem FoundationSpecial Projects Fund$500,000
The Millennium Fund CO Winston-Salem FoundationEntrepreneurial Support Fund$400,000
Greater Winston-SalemOperating Support$258,594
...and 4 more grants received

Personnel at Greater Winston-Salem Development Corporation

NameTitleCompensation
Mark OwensPresident and Chief Executive Officer$0
Terri CummingsVice President of Talent and Workforce
Nick ReedChief Financial Officer$0
Jessica HarpeVice President of Membership and Engagement
Calvin McRaeVice President of Public Policy
...and 15 more key personnel

Financials for Greater Winston-Salem Development Corporation

RevenuesFYE 12/2023
Total grants, contributions, etc.$1,554,221
Program services$0
Investment income and dividends$47,676
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$18,590
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$1,620,487

Form 990s for Greater Winston-Salem Development Corporation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-10-22990View PDF
2022-122023-07-05990View PDF
2021-122022-11-02990View PDF
2020-122021-09-23990View PDF
2019-122020-09-17990View PDF
...and 9 more Form 990s
Data update history
October 3, 2024
Updated personnel
Identified 24 new personnel
July 8, 2024
Received grants
Identified 4 new grant, including a grant for $258,594 from Greater Winston-Salem
August 25, 2023
Posted financials
Added Form 990 for fiscal year 2022
August 5, 2023
Posted financials
Added Form 990 for fiscal year 2021
May 15, 2023
Received grants
Identified 1 new grant, including a grant for $11,000 from Atrium Health Wake Forest Baptist Me
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsHeadquarter / parent organizationsCharities
Issues
Community improvementEconomic development
Characteristics
State / local levelReceives government fundingTax deductible donationsNo full-time employeesAccepts online donations
General information
Address
525 Vine St Suite 240
Winston Salem, NC 27101
Metro area
Winston-Salem, NC
County
Forsyth County, NC
Website URL
winstonsalem.com/ 
Phone
(336) 728-9200
IRS details
EIN
51-0436665
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2003
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S31: Urban, Community Economic Development
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Central organization
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