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Nonprofit · EIN 51-0436665

GREATER WINSTON-SALEM DEVELOPMENT CORP

Tax-exempt · WINSTON SALEM, NC 27101

Financials

$1.6M$909K2023$818K$1M2024
Revenue Expenses · by fiscal year end
Financials of GREATER WINSTON-SALEM DEVELOPMENT CORP by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$818,444$1,028,564-$210,120$2,110,610$234,589$1,876,021
December 31, 2023990$1,620,487$909,476$711,011$2,114,188$81,013$2,033,175
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$748,403
of which government grants
$301,874
Program service revenue
$0
Investment income
$68,698
Other revenue
$1,343

Expenses

Grants and similar amounts paid
$145,000
Compensation of officers, directors and key employees
$325,433
Other salaries and wages
$232,229
Salaries, compensation and benefits (total)
$633,837
Professional fundraising fees
$0
Legal fees
$4,000
Accounting fees
$5,133
Occupancy
$26,471
Travel
$16,717
Depreciation
$3,543
Program services (functional)
$790,198
Management and general (functional)
$238,366

Balance sheet and other

Total assets, start of year
$2,114,188
Total assets, end of year
$2,110,610
Total liabilities, end of year
$234,589
Net assets, end of year
$1,876,021
Land, buildings and equipment
$11,745
Net assets without donor restrictions
$1,109,388
Net assets with donor restrictions
$766,633
Gross receipts
$818,444
Employees
0
Volunteers
75
Year formed
2003
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
16$0$332,810$25,450
NICK REEDCFO
Officer
12$0$168,050$22,455
MAMIE SUTPHINTRUSTEE
Trustee or director
1$0$0$0
DAVID NEILLTRUSTEE
Trustee or director
1$0$0$0
STEVE LINEBERGERTRUSTEE
Trustee or director
1$0$0$0
COLEMAN TEAMTRUSTEE
Trustee or director
1$0$0$0
ELWOOD ROBINSONTRUSTEE
Trustee or director
1$0$0$0
SAM METZLERTRUSTEE
Trustee or director
1$0$0$0
CATHY PACECHAIR
Trustee or director, Officer
1$0$0$0
APRILLE BELLTREASURER
Trustee or director, Officer
1$0$0$0
DR JANET SPRIGGSSECRETARY
Trustee or director, Officer
1$0$0$0
MIKE LANCASTERCHAIR ELECT
Trustee or director, Officer
1$0$0$0
990 for the year ended December 31, 2023: 13 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
MARK OWENSPRESIDENT/CE
Officer
16$0$285,430$24,421
NICK REEDCFO
Officer
12$0$165,512$21,223
LAURA LEESVP OF ECONO
Highest-paid employee
40$0$132,856$16,129
MAMIE SUTPHINTRUSTEE
Trustee or director
1$0$0$0
STEVE LINEBERGERTRUSTEE
Trustee or director
1$0$0$0
TODD HALLTRUSTEE
Trustee or director
1$0$0$0
COLEMAN TEAMTRUSTEE
Trustee or director
1$0$0$0
ELWOOD ROBINSONTRUSTEE
Trustee or director
1$0$0$0
SAM METZLERTRUSTEE
Trustee or director
1$0$0$0
CATHY PACECHAIR
Trustee or director, Officer
1$0$0$0
APRILLE BELLTREASURER
Trustee or director, Officer
1$0$0$0
DR JANET SPRIGGSSECRETARY
Trustee or director, Officer
1$0$0$0
MIKE LANCASTERCHAIR ELECT
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
In care of
% ROBERT E LEAK JR
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 RECRUIT NEW BUSINESSES TO WINSTON-SALEM AND FORSYTH COUNTY IN ORDER TO FACILITATE GROWTH AND ECONOMIC DIVERSIFICATION IN THE AREA.

990 for the year ended December 31, 2024

Program accomplishments

  • 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.
    Expenses $790,198 · grants $145,000

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
51-0436665
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
2003
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$2,110,610
Income (IRS master file)
$818,444

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$818,444$1,028,564$2,110,610IRS
990December 2023$1,620,487$909,476$2,114,188XML
990December 2022$791,137$808,007$1,389,916IRS
990December 2021$628,246$1,042,946$1,483,788IRS
990December 2020–––IRS
990December 2019–––IRS
990December 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 51-0436665).

Questions about GREATER WINSTON-SALEM DEVELOPMENT CORP

What is the EIN of GREATER WINSTON-SALEM DEVELOPMENT CORP?
The employer identification number (EIN) of GREATER WINSTON-SALEM DEVELOPMENT CORP is 51-0436665.
Is GREATER WINSTON-SALEM DEVELOPMENT CORP tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
Are donations to GREATER WINSTON-SALEM DEVELOPMENT CORP tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does GREATER WINSTON-SALEM DEVELOPMENT CORP 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 DEVELOPMENT CORP 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 DEVELOPMENT CORP 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 DEVELOPMENT CORP?
The 990 for the year ended December 31, 2024 names MARK OWENS.
Who are the officers and directors of GREATER WINSTON-SALEM DEVELOPMENT CORP?
The 990 for the year ended December 31, 2024 lists 12 people; 0 received compensation from the organization.
How much revenue does GREATER WINSTON-SALEM DEVELOPMENT CORP have?
On its 990 for the year ended December 31, 2024 it reported revenue of $818,444, expenses of $1,028,564 and total assets of $2,110,610 at year end.

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