Nonprofit · EIN 82-3510672
HUSTLE WINSTON SALEM
Tax-exempt · WINSTON SALEM, NC 27101
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $196,507 | $149,731 | $46,776 | $84,778 | $4,811 | $79,967 |
| December 31, 2023 | 990 | $120,434 | $139,913 | -$19,479 | $40,126 | $6,935 | $33,191 |
| December 31, 2022 | 990 (amended) | $144,936 | $126,760 | $18,176 | $59,605 | $6,935 | $52,670 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $191,321
- Program service revenue
- $5,186
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $4,375
- Compensation of officers, directors and key employees
- $30,333
- Salaries, compensation and benefits (total)
- $30,333
- Professional fundraising fees
- $0
- Travel
- $150
- Program services (functional)
- $95,704
- Management and general (functional)
- $54,027
Balance sheet and other
- Total assets, start of year
- $40,126
- Total assets, end of year
- $84,778
- Total liabilities, end of year
- $4,811
- Net assets, end of year
- $79,967
- Land, buildings and equipment
- $117
- Net assets without donor restrictions
- $79,967
- Gross receipts
- $196,507
- Employees
- 0
- Volunteers
- 7
- Year formed
- 2017
- 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 |
|---|---|---|---|
| MAGALIE YACINTHE | EXECUTIVE DIRECTOR Officer | 25 | $30,333 |
| KELLIE EASTON | CHAIR Trustee or director, Officer | 1 | $0 |
| ALLAN YOUNGER | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| SANTIAGO RAMOS | TREASURER Trustee or director, Officer | 1 | $0 |
| JANET CARLSON | BOARD MEMBER Trustee or director | 1 | $0 |
| JONATHAN MATTHEW WILLIAMS | BOARD MEMBER Trustee or director | 1 | $0 |
| LEA METZ | BOARD MEMBER Trustee or director | 1 | $0 |
| DARYL SHAW | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MAGALIE YACINTHE | EXECUTIVE DIRECTOR Officer | 25 | $33,333 |
| JANET CARLSON | BOARD MEMBER Trustee or director | 1 | $0 |
| JONATHAN MATTHEW WILLIAMS | BOARD MEMBER Trustee or director | 1 | $0 |
| KELLIE EASTON | CHAIR Trustee or director, Officer | 1 | $0 |
| LEA METZ | BOARD MEMBER Trustee or director | 1 | $0 |
| ALLAN YOUNGER | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| DARYL SHAW | BOARD MEMBER Trustee or director | 1 | $0 |
| SANTIAGO RAMOS | TREASURER Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2022: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MAGALIE YACINTHE | EXECUTIVE DIRECTOR Officer | 20 | $26,666 |
| JANET CARLSON | TRUSTEE Trustee or director | 1 | $1,000 |
| KELLIE EASTON | BOARD CHAIR Trustee or director, Officer | 1 | $0 |
| ALLAN YOUNGER | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| SANTIAGO RAMOS | TREASURER Trustee or director, Officer | 1 | $0 |
| LEA METZ | TRUSTEE Trustee or director | 1 | $0 |
| DARYL SHAW | TRUSTEE Trustee or director | 1 | $0 |
| JONATHAN MATTHEW WILLIAMS | TRUSTEE Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 500 W 5TH ST STE 800 PMB 2, WINSTON SALEM, NC 27101-3131
- Mailing address (990-N for 2020)
- 500 W 5TH ST STE 800, WINSTON SALEM NC 27101
- Principal officer (990 for 2024)
- MAGALIE YACINTHE, 500 WEST FIFTH STREET SUITE 800 27, WINSTONSALEM, NC 27101
- Principal officer (990-N for 2020)
- MAGALIE YACINCHE, 500 W 5TH ST STE 800, WINSTON SALEM NC 27101
- Signed the 990
- MAGALIE YACINTHE, EXECUTIVE DIRECTOR
- Phone
- (305) 720-6384
- Website
- WWW.HUSTLEWS.ORG
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
HUSTLE WINSTON-SALEM'S MISSION IS TO HELP GROW THE LOCAL ECONOMY BY ACCELERATING UNDER-REPRESENTED ENTREPRENEURS WITH A FOCUS ON WOMEN, PEOPLE OF COLOR, AND MARGINALIZED BUSINESS DISTRICTS.
Program accomplishments
- MARKETING OUTSIDE THE BOX - SHIFTED FROM WORKSHOPS TO NOW INCLUDE SERVICES. SELECTED PARTICIPANTS ARE MATCHED WITH A MARKETING PROFESSIONAL TO PROVIDE THEM WITH A SERVICE THEIR BUSINESS NEEDS AT NO COST. THEY ALSO WORK WITH THE HUSTLE TEAM FOR 12 WEEKS FOR ONE-ON-ONE SUPPORT TO HELP THEM TACKLE THEIR UNIQUE CHALLENGES AROUND STRATEGY, STORYTELLING, SALES, SEO, AND MORE. ALSO, THERE'S AN OPPORTUNITY FOR ALL ENTREPRENEURS WE SERVE TO WIN MARKETING PRIZES EACH MONTH FOR THEIR BUSINESS.CONTINUED ON SCHEDULE OPAPER CHA$ER - INTERACTIVE WORKSHOPS FOCUSED ON CASH FLOW MODELS, FINANCIAL PROJECTIONS & FORECASTS, AND BASIC BOOKKEEPING & BUDGETING FOR BUSINESS. REFRESHMENTS PROVIDED. LAPTOP REQUIRED.BLACK WALL STREET FORWARD INITIATIVE - MODELED ON THE PILLARS THAT MADE THE ORIGINAL BLACK WALL STREET SUCCESSFUL, AND AIMS TO CONTINUE THE LEGACY OF THIS VIBRANT WORK BY SUPPORTING AND CATALYZING LOCAL LEADERS, BLACK BUSINESS OWNERS, AND CHAMPIONS. POW"HER"FUL LUNCH - A SPORADIC LUNCHEON EVENT WITH AN OPEN INVITATION FOR ALL PROFESSIONAL WOMEN TO COME, NETWORK, AND BE EMPOW"HER"ED.WOMENPRENEUR WEDNESDAY - PROVIDING A FREE AND SUPPORTIVE ENVIRONMENT WHERE WOMEN ENTREPRENEURS CAN CONNECT, COLLABORATE, AND GROW. THE INTENT IS TO SHAPE AN ATMOSPHERE WHERE WOMEN ARE FREE TO BE THEMSELVES, LEARN NEW THINGS, AND SHARE THEIR GIFTS WITH ONE ANOTHER.HUSTLE NIGHT - A SPORADIC GATHERING TO ENHANCE INCLUSIVE ENTREPRENEURSHIP WITH AN EVENING OF NETWORKING, IMPACT LEARNING, AND COMMUNITY-BUILDING. WE GATHER FOR A HUSTLE STORY, AN INNOVATION SPRINT, OR AN INTERACTIVE WORKSHOP ON A RELEVANT BUSINESS TOPIC, PRIMARILY FOCUSED ON OPERATIONS.COFFEE + CONVERSATIONS - A PROGRAM FOCUSED IN GREENSBORO TO OPEN THE FLOOR FOR LOCAL MARGINALIZED ENTREPRENEURS TO SHARE THEIR EXPERIENCES, NETWORK, AND CONNECT WITH LOCAL RESOURCES.Expenses $95,704 · grants $4,375 · revenue $5,186
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
- 82-3510672
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S20)
- Assets (IRS master file)
- $84,778
- Income (IRS master file)
- $196,507
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $196,507 | $149,731 | $84,778 | XML |
| 990 | December 2023 | $120,434 | $139,913 | $40,126 | XML |
| 990 | December 2022 | $144,936 | $126,760 | $59,605 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-N for 2020 Officer: MAGALIE YACINCHE | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
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 82-3510672).
Questions about HUSTLE WINSTON SALEM
- What is the EIN of HUSTLE WINSTON SALEM?
- The employer identification number (EIN) of HUSTLE WINSTON SALEM is 82-3510672.
- Is HUSTLE WINSTON SALEM tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to HUSTLE WINSTON SALEM tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HUSTLE WINSTON SALEM 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 HUSTLE WINSTON SALEM 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 HUSTLE WINSTON SALEM 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 HUSTLE WINSTON SALEM?
- The 990 for the year ended December 31, 2024 names MAGALIE YACINTHE.
- Who are the officers and directors of HUSTLE WINSTON SALEM?
- The 990 for the year ended December 31, 2024 lists 8 people; 1 received compensation from the organization, the highest $30,333 (MAGALIE YACINTHE, EXECUTIVE DIRECTOR).
- How much revenue does HUSTLE WINSTON SALEM have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $196,507, expenses of $149,731 and total assets of $84,778 at year end.
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All nonprofits in WINSTON SALEM · North Carolina · Community improvement and capacity building