Nonprofit · EIN 56-6037615
WINSTON-SALEM FOUNDATION
Tax-exempt · WINSTON SALEM, NC 27101
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $46,606,251 | $100,460,896 | -$53,854,645 | $630,082,900 | $788,079 | $629,294,821 |
| December 31, 2023 | 990 | $73,014,325 | $91,071,721 | -$18,057,396 | $641,591,558 | $1,930,789 | $639,660,769 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $27,479,686
- Program service revenue
- $54,570
- Investment income
- $19,071,995
- Net gain from sales of assets
- $6,422,798
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $92,665,055
- Compensation of officers, directors and key employees
- $1,005,086
- Other salaries and wages
- $2,372,820
- Salaries, compensation and benefits (total)
- $4,119,763
- Professional fundraising fees
- $0
- Legal fees
- $69,562
- Accounting fees
- $62,671
- Occupancy
- $392,378
- Travel
- $4,559
- Program services (functional)
- $94,432,345
- Management and general (functional)
- $4,980,070
- Fundraising (functional)
- $1,048,481
Balance sheet and other
- Total assets, start of year
- $641,591,558
- Total assets, end of year
- $630,082,900
- Total liabilities, end of year
- $788,079
- Net assets, end of year
- $629,294,821
- Land, buildings and equipment
- $3,795,612
- Publicly traded securities
- $293,873,497
- Net assets without donor restrictions
- $629,294,821
- Gross unrelated business income
- $433,743
- Gross receipts
- $185,645,591
- Employees
- 36
- Volunteers
- 0
- Year formed
- 1919
- 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.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LaTida M Smith | President Officer | 40 | $311,692 | $31,429 |
| J Todd Slate | VP, Finance Officer | 40 | $235,467 | $41,620 |
| Andrea M Hulighan | VP, Strategy & Culture Officer | 40 | $157,764 | $41,240 |
| Sheila M Virgil | VP, Development & Donor Services Officer | 40 | $167,586 | $18,289 |
| D Patrick Meehan | Director, Information Systems & Technology Highest-paid employee | 40 | $133,085 | $44,570 |
| Elaine T Summerfield | VP, Community Investment Highest-paid employee | 40 | $130,578 | $46,275 |
| Alison Ashe-Card | Chair Trustee or director, Officer | 1 | $0 | $0 |
| Evelyn Acree | Treasurer/Committee Member Trustee or director, Officer | 1 | $0 | $0 |
| Joe Crocker | Secretary/Committee Member Trustee or director, Officer | 1 | $0 | $0 |
| Alex Barrett | Committee Member Trustee or director | 1 | $0 | $0 |
| Allan Younger | Committee Member Trustee or director | 1 | $0 | $0 |
| Carol Davis | Committee Member Trustee or director | 1 | $0 | $0 |
| Matt Cullinan | Committee Member Trustee or director | 1 | $0 | $0 |
| Paula McCoy | Committee Member Trustee or director | 1 | $0 | $0 |
| Peggy Reingold | Committee Member Trustee or director | 1 | $0 | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Tom Lawson | Committee Member Trustee or director | 1 | $0 |
| Vivian Perez Chandler | Committee Member Trustee or director | 1 | $0 |
| Wendy Brenner | Committee Member Trustee or director | 1 | $0 |
| Bank of America Private Bank | Trustee Institutional trustee | 1 | $0 |
| Truist | Trustee Institutional trustee | 1 | $0 |
| Wells Fargo Bank | Trustee Institutional trustee | 1 | $0 |
990 for the year ended December 31, 2023: 25 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LaTida M Smith | President Officer | 40 | $281,834 | $65,435 |
| J Todd Slate | VP, Finance Officer | 40 | $203,304 | $35,393 |
| Annette P Lynch | VP, Philanthropic Services Officer | 40 | $174,663 | $32,952 |
| Andrea M Hulighan | Director, Strategic Initiatives Officer | 40 | $153,889 | $38,936 |
| Sheila M Virgil | VP, Development & Donor Services Officer | 40 | $163,010 | $9,540 |
| D Patrick Meehan | Director, Information Systems & Technology Highest-paid employee | 40 | $120,489 | $41,834 |
| Adelia S Matthews | Controller Highest-paid employee | 40 | $116,002 | $35,617 |
| Carolyn O Fulton | Director, Marketing & Communications Highest-paid employee | 40 | $109,765 | $33,959 |
| Jonathan D Halsey | Philanthropic Advisor Highest-paid employee | 40 | $104,401 | $24,404 |
| Alison Ashe-Card | Chair Trustee or director, Officer | 1 | $0 | $0 |
| Evelyn Acree | Treasurer/Committee Member Trustee or director, Officer | 1 | $0 | $0 |
| Joe Crocker | Secretary/Committee Member Trustee or director, Officer | 1 | $0 | $0 |
| Alex Barrett | Committee Member Trustee or director | 1 | $0 | $0 |
| Allan Younger | Committee Member Trustee or director | 1 | $0 | $0 |
| Carol Davis | Committee Member Trustee or director | 1 | $0 | $0 |
| Jeff Lindsay | Committee Member Trustee or director | 1 | $0 | $0 |
| Matt Cullinan | Committee Member Trustee or director | 1 | $0 | $0 |
| Oscar Santos | Committee Member Trustee or director | 1 | $0 | $0 |
| Paula McCoy | Committee Member Trustee or director | 1 | $0 | $0 |
| Peggy Reingold | Committee Member Trustee or director | 1 | $0 | $0 |
| Tom Lawson | Committee Member Trustee or director | 1 | $0 | $0 |
| Wendy Brenner | Committee Member Trustee or director | 1 | $0 | $0 |
| Bank of America Private Bank | Trustee Institutional trustee | 1 | $0 | $0 |
| Truist | Trustee Institutional trustee | 1 | $0 | $0 |
| Wells Fargo Bank | Trustee Institutional trustee | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 751 W 4TH ST STE 200, WINSTON SALEM, NC 27101-2795
- Principal officer (990 for 2024)
- Marci Peace, 751 W Fourth Street 200, WinstonSalem, NC 271012702
- Signed the 990
- Marci Peace, VP, Finance and Investments
- Phone
- (336) 725-2382
- Website
- www.wsfoundation.org
- Return prepared by
- Forvis Mazars LLP
Mission
We foster meaningful connections and link resources to purposeful action, creating a brighter future for all who call Forsyth County home.
Program accomplishments
- Grant program - administering approximately 1,071 endowed funds and 573 temporary funds as well as providing advisory services for the benefit of various cultural, educational, health, social, and religious organizations in the community. Includes scholarships primarily to Forsyth County residents upon approval by an advisory committee under the Foundation's guidance.Expenses $93,604,886 · grants $92,215,109 · revenue $44,570
- Focused initiatives to increase philanthropy among African Americans, women, and youth. Advisory committees and giving circles utilized to promote philanthropy and to award grants deemed applicable.Expenses $827,459 · grants $449,946 · revenue $10,000
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not 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
- 56-6037615
- 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
- 1946
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T310)
- Assets (IRS master file)
- $630,082,900
- Income (IRS master file)
- $185,645,591
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $46,606,251 | $100,460,896 | $630,082,900 | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $73,014,325 | $91,071,721 | $641,591,558 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $62,200,081 | $84,263,784 | $629,191,522 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | 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 56-6037615).
Questions about WINSTON-SALEM FOUNDATION
- What is the EIN of WINSTON-SALEM FOUNDATION?
- The employer identification number (EIN) of WINSTON-SALEM FOUNDATION is 56-6037615.
- Is WINSTON-SALEM FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1946.
- Are donations to WINSTON-SALEM FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WINSTON-SALEM 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 WINSTON-SALEM FOUNDATION 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 WINSTON-SALEM FOUNDATION 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 WINSTON-SALEM FOUNDATION?
- The 990 for the year ended December 31, 2024 names Marci Peace.
- Who are the officers and directors of WINSTON-SALEM FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 21 people; 6 received compensation from the organization, the highest $311,692 (LaTida M Smith, President).
- How much revenue does WINSTON-SALEM FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $46,606,251, expenses of $100,460,896 and total assets of $630,082,900 at year end.
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