Nonprofit · EIN 20-8548088
TWIN CITY DEVELOPMENT FOUNDATION
Tax-exempt · WINSTON SALEM, NC 27101
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $688,179 | $1,064,195 | -$376,016 | $18,116,599 | $265,056 | $17,851,543 |
| December 31, 2024 | 990 | $958,484 | $753,810 | $204,674 | $16,423,153 | $36,000 | $16,387,153 |
| December 31, 2023 | 990 | $1,097,592 | $713,314 | $384,278 | $14,990,048 | $50,270 | $14,939,778 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $688,179
- Net gain from sales of assets
- $140,668
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $915,000
- Compensation of officers, directors and key employees
- $36,000
- Salaries, compensation and benefits (total)
- $36,000
- Professional fundraising fees
- $0
- Accounting fees
- $19,550
- Occupancy
- $3,660
Balance sheet and other
- Total assets, start of year
- $16,423,153
- Total assets, end of year
- $18,116,599
- Total liabilities, end of year
- $265,056
- Net assets, end of year
- $17,851,543
- Publicly traded securities
- $17,854,568
- Net assets without donor restrictions
- $17,851,543
- Gross receipts
- $688,179
- Employees
- 0
- Volunteers
- 16
- Year formed
- 2007
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROBERT EGLESTON | EXECUTIVE DI Trustee or director, Officer | 12 | $36,000 |
| ELLIS KEIFER | DIRECTOR Trustee or director | 0.2 | $0 |
| KIRBY ROBINSON | DIRECTOR Trustee or director | 0.2 | $0 |
| TALITHA VICKERS | DIRECTOR Trustee or director | 0.2 | $0 |
| BETSY BROWN | DIRECTOR Trustee or director | 0.2 | $0 |
| SANDRA FISHEL-BOOTH | DIRECTOR Trustee or director | 0.2 | $0 |
| PENN BROYHILL | DIRECTOR Trustee or director | 0.2 | $0 |
| DIXON PITT | DIRECTOR Trustee or director | 0.2 | $0 |
| ADAM SEBASTIAN | DIRECTOR Trustee or director | 0.2 | $0 |
| JAMARKUS SWINSON | DIRECTOR Trustee or director | 0.2 | $0 |
| JULIA TOWNSEND | DIRECTOR Trustee or director | 0.2 | $0 |
| ROBERT CLARK | CHAIR Trustee or director, Officer | 0.2 | $0 |
| CAROL DAVIS | VICE CHAIR Trustee or director, Officer | 0.2 | $0 |
| MELVIN SCALES | TREASURER Trustee or director, Officer | 0.2 | $0 |
| MAMIE SUTPHIN | PAST CHAIR Trustee or director, Officer | 0.2 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RALPH WOMBLE | 2ND PAST CHA Trustee or director, Officer | 0.2 | $0 |
990 for the year ended December 31, 2024: 17 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROBERT EGLESTON | EXECUTIVE DI Trustee or director, Officer | 12 | $36,000 |
| GREG BREWER | DIRECTOR Trustee or director | 0.2 | $0 |
| VIVIAN PEREZ CHANDLER | DIRECTOR Trustee or director | 0.2 | $0 |
| CAROL DAVIS | DIRECTOR Trustee or director | 0.2 | $0 |
| DAMON SANDERS-PRATT | DIRECTOR Trustee or director | 0.2 | $0 |
| BETSY BROWN | DIRECTOR Trustee or director | 0.2 | $0 |
| SANDRA FISHEL-BOOTH | DIRECTOR Trustee or director | 0.2 | $0 |
| PENN BROYHILL | DIRECTOR Trustee or director | 0.2 | $0 |
| MELVIN SCALES | DIRECTOR Trustee or director | 0.2 | $0 |
| DIXON PITT | DIRECTOR Trustee or director | 0.2 | $0 |
| ADAM SEBASTIAN | DIRECTOR Trustee or director | 0.2 | $0 |
| JAMARKUS SWINSON | DIRECTOR Trustee or director | 0.2 | $0 |
| JULIA TOWNSEND | DIRECTOR Trustee or director | 0.2 | $0 |
| MAMIE SUTPHIN | CHAIR Trustee or director, Officer | 0.2 | $0 |
| ROBERT CLARK | VICE CHAIR/T Trustee or director, Officer | 0.2 | $0 |
| RALPH WOMBLE | PAST CHAIR Trustee or director, Officer | 0.2 | $0 |
| ANDY DREYFUSS | 2ND PAST CHA Trustee or director, Officer | 0.2 | $0 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROBERT EGLESTON | EXECUTIVE DI Trustee or director, Officer | 12 | $36,000 |
| BETSY BROWN | DIRECTOR Trustee or director | 0.2 | $0 |
| BOB LEAK | DIRECTOR Trustee or director | 0.2 | $0 |
| DEBORAH BEST | DIRECTOR Trustee or director | 0.2 | $0 |
| GREG BREWER | DIRECTOR Trustee or director | 0.2 | $0 |
| VIVIAN PEREZ CHANDLER | DIRECTOR Trustee or director | 0.2 | $0 |
| CAROL DAVIS | DIRECTOR Trustee or director | 0.2 | $0 |
| DAMON SANDERS-PRATT | DIRECTOR Trustee or director | 0.2 | $0 |
| SANDRA FISHEL-BOOTH | DIRECTOR Trustee or director | 0.2 | $0 |
| PENN BROYHILL | DIRECTOR Trustee or director | 0.2 | $0 |
| MELVIN SCALES | DIRECTOR Trustee or director | 0.2 | $0 |
| ANDY DREYFUSS | PAST CHAIR Trustee or director, Officer | 0.2 | $0 |
| MAMIE SUTPHIN | VICE CHAIR/T Trustee or director, Officer | 0.2 | $0 |
| RALPH WOMBLE | CHAIR Trustee or director, Officer | 0.2 | $0 |
| ROBERT CLARK | 2ND PAST CHA Trustee or director, Officer | 0.2 | $0 |
Address and contacts
- Address (IRS master file)
- 500 W 5TH ST STE 800 PMB 28, WINSTON SALEM, NC 27101-3131
- In care of
- % ROBERT CLARK
- Principal officer (990 for 2025)
- ROBERT EGLESTON, 500 W 5TH STREET STE 800-28, WINTSONSALEM, NC 27101
- Signed the 990
- ROBERT EGLESTON, EXECUTIVE DIRECTOR
- Phone
- (336) 777-3595
- Website
- WWW.TWINCITYFOUNDATION.ORG
- Return prepared by
- BUTLER BURKE LLP
Mission
TO FUND, THROUGH GRANTS, PUBLIC EDUCATION AND ECONOMIC DEVELOPMENT IN FORSYTH COUNTY AND SURROUNDING AREAS.
Program accomplishments
- FUNDING, THROUGH GRANTS, EDUCATIONAL AND ECONOMIC DEVELOPMENT IN FORSYTH COUNTY AND SURROUNDING AREAS.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-8548088
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2007
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S41)
- Assets (IRS master file)
- $18,116,599
- Income (IRS master file)
- $688,179
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $688,179 | $1,064,195 | $18,116,599 | IRS |
| 990 | December 2024 | $958,484 | $753,810 | $16,423,153 | XML |
| 990 | December 2023 | $1,097,592 | $713,314 | $14,990,048 | IRS |
| 990 | December 2022 | -$115,486 | $444,505 | $13,639,500 | IRS |
| 990 | December 2021 | $628,620 | $659,219 | $16,743,150 | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-8548088).
Questions about TWIN CITY DEVELOPMENT FOUNDATION
- What is the EIN of TWIN CITY DEVELOPMENT FOUNDATION?
- The employer identification number (EIN) of TWIN CITY DEVELOPMENT FOUNDATION is 20-8548088.
- Is TWIN CITY DEVELOPMENT FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2007.
- Are donations to TWIN CITY DEVELOPMENT FOUNDATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does TWIN CITY DEVELOPMENT FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of TWIN CITY DEVELOPMENT FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did TWIN CITY DEVELOPMENT FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of TWIN CITY DEVELOPMENT FOUNDATION?
- The 990 for the year ended December 31, 2025 names ROBERT EGLESTON.
- Who are the officers and directors of TWIN CITY DEVELOPMENT FOUNDATION?
- The 990 for the year ended December 31, 2025 lists 16 people; 1 received compensation from the organization, the highest $36,000 (ROBERT EGLESTON, EXECUTIVE DI).
- How much revenue does TWIN CITY DEVELOPMENT FOUNDATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $688,179, expenses of $1,064,195 and total assets of $18,116,599 at year end.
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All nonprofits in WINSTON SALEM · North Carolina · Community improvement and capacity building