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Nonprofit · EIN 51-0167887

GREATER WINSTON SALEM CHAMBER OF COMMERCE FOUNDATION INC

Tax-exempt · WINSTON SALEM, NC 27101

Financials

$60K$400K2023$101K$346K2024
Revenue Expenses · by fiscal year end
Financials of GREATER WINSTON SALEM CHAMBER OF COMMERCE FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$100,783$346,316-$245,533$568,594$510,054$58,540
December 31, 2023990$60,247$399,809-$339,562$754,936$450,863$304,073
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$100,726
Program service revenue
$0
Investment income
$57
Other revenue
$0

Expenses

Grants and similar amounts paid
$293,863
Other salaries and wages
$8,750
Salaries, compensation and benefits (total)
$8,750
Professional fundraising fees
$0
Program services (functional)
$346,316

Balance sheet and other

Total assets, start of year
$754,936
Total assets, end of year
$568,594
Total liabilities, end of year
$510,054
Net assets, end of year
$58,540
Net assets without donor restrictions
$48,583
Net assets with donor restrictions
$9,957
Gross receipts
$100,783
Employees
0
Volunteers
100
Year formed
1975
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, 2024, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
MARK OWENSPRESIDENT/CE
Officer
1$0$332,810$25,450
NICK REEDCFO
Officer
2$0$168,050$22,455
AJAY PATELTRUSTEE
Trustee or director
1$0$0$0
BRENT WADDELLTRUSTEE
Trustee or director
1$0$0$0
ROB SIMONTRUSTEE
Trustee or director
1$0$0$0
KATIE POWERTRUSTEE
Trustee or director
1$0$0$0
STEVE BAGLEYTRUSTEE
Trustee or director
1$0$0$0
CATHY PACEBOARD CHAIR
Trustee or director, Officer
1$0$0$0
APRILLE BELLTREASURER
Trustee or director, Officer
1$0$0$0
990 for the year ended December 31, 2023: 10 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
MARK OWENSPRESIDENT/CE
Officer
1$0$285,430$24,421
NICK REEDCFO
Officer
2$0$165,512$21,223
LAURA LEESVP OF ECONO
Highest-paid employee
0$0$132,856$16,129
AJAY PATELTRUSTEE
Trustee or director
1$0$0$0
BRENT WADDELLTRUSTEE
Trustee or director
1$0$0$0
ROB SIMONTRUSTEE
Trustee or director
1$0$0$0
KATIE POWERTRUSTEE
Trustee or director
1$0$0$0
STEVE BAGLEYTRUSTEE
Trustee or director
1$0$0$0
CATHY PACEBOARD CHAIR
Trustee or director, Officer
1$0$0$0
APRILLE BELLTREASURER
Trustee or director, Officer
1$0$0$0

Address and contacts

Address (IRS master file)
525 VINE ST STE 240, WINSTON SALEM, NC 27101-4158
Principal officer (990 for 2024)
MARK OWENS, 525 VINE STREET SUITE 240, WINSTONSALEM, NC 27101
Signed the 990
MARK OWENS, PRESIDENT/CEO
Phone
(336) 728-9200
Return prepared by
BUTLER BURKE LLP

Mission

TO CARRY OUT THOSE ACTIVITIES IN THE INTEREST OF THE PEOPLE OF WINSTON- SALEM AND FORSYTH COUNTY AND WHICH ARE OF A PHILANTHROPIC AND ELEEMOSYNARY NATURE FOCUSING ON ENTREPRENEURIAL GRANT INITIATIVE TO SUPPORT THE GROWTH OF WINSTON-SALEM'S BUSINESSES AND INNOVATION ECONOMY.

990 for the year ended December 31, 2024

Program accomplishments

  • EDUCATION PROGRAMS FUNDS CONTRIBUTED TO ADDRESS EDUCATION ISSUES INCLUDING IMPROVING HIGH SCHOOL GRADUATION RATES THROUGH MENTORSHIP PROGRAMS, PARTNERING LOCAL BUSINESSES AND LOCAL SCHOOLS AND RECRUITING CORPORATE VOLUNTEERS TO WORK WITH LOCAL ELEMENTARY SCHOOL AGE CHILDREN. SMALL BUSINESS PROGRAMS FUNDS CONTRIBUTED TO SUPPORT (1) AN OPERATING GRANT PROGRAM IN SUPPORT OF BUSINESSES LOCATED WITHIN FORSYTH COUNTY THAT ARE ADVERSELY IMPACTED BY FEDERALLY OR STATE-DECLARED DISASTERS IN ORDER TO COMBAT COMMUNITY DETERIORATION AND TO LESSEN THE BURDENS OF GOVERNMENT AND (2) ENTREPRENEURIAL GRANT INITIATIVES TO SUPPORT THE GROWTH OF WINSTON- SALEM'S INNOVATION ECONOMY.
    Expenses $346,316 · grants $293,863

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
51-0167887
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1976
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$568,594
Income (IRS master file)
$100,783

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$100,783$346,316$568,594XML
990December 2023$60,247$399,809$754,936XML
990December 2022$348,869$522,181$914,333IRS
990December 2021–––IRS
990December 2020–––IRS
990-EZDecember 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 51-0167887).

Questions about GREATER WINSTON SALEM CHAMBER OF COMMERCE FOUNDATION INC

What is the EIN of GREATER WINSTON SALEM CHAMBER OF COMMERCE FOUNDATION INC?
The employer identification number (EIN) of GREATER WINSTON SALEM CHAMBER OF COMMERCE FOUNDATION INC is 51-0167887.
Is GREATER WINSTON SALEM CHAMBER OF COMMERCE FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1976.
Are donations to GREATER WINSTON SALEM CHAMBER OF COMMERCE FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does GREATER WINSTON SALEM CHAMBER OF COMMERCE FOUNDATION INC 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 GREATER WINSTON SALEM CHAMBER OF COMMERCE FOUNDATION INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did GREATER WINSTON SALEM CHAMBER OF COMMERCE FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of GREATER WINSTON SALEM CHAMBER OF COMMERCE FOUNDATION INC?
The 990 for the year ended December 31, 2024 names MARK OWENS.
Who are the officers and directors of GREATER WINSTON SALEM CHAMBER OF COMMERCE FOUNDATION INC?
The 990 for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
How much revenue does GREATER WINSTON SALEM CHAMBER OF COMMERCE FOUNDATION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $100,783, expenses of $346,316 and total assets of $568,594 at year end.

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