Greater Winston-salem Development Corp
Only null% goes to programs Strong reserves Growing revenue
Greater Winston-salem Development Corp is a 501(c)(3) organization based in Winston Salem, North Carolina, registered in 2003, with $818,444 in FY2024 revenue. CharityIndex grades it D.
525 Vine St Ste 240, Winston Salem, NC, 27101 EIN 51-0436665 Since 2003
Revenue (FY2024)
$818K
▼ 49.5% vs prior year
Community median: $184K
Expenses (FY2024)
$1.0M
Net assets
$1.9M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
D
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Greater Winston-salem Development Corp— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DFinancial health25% of the rating22 mo reserves · -26% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Greater Winston-salem Development Corp: 22 mo reserves · -26% margin earns a D on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Greater Winston-salem Development Corp— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Greater Winston-salem Development Corp: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
- Address
- 525 Vine St Ste 240, Winston Salem, NC, 27101
- City
- Winston Salem
- State
- North Carolina
- Subcategory
- Economic Development
- Website
- …
Financial trends
Revenue grew from $730K (FY2013) to $818K (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $235KNet assets $1.9M
Operating margin
-25.7%
Spent more than it raised in the latest fiscal year.
Total assets
$2.1M
Total liabilities
$235K
Net assets
$1.9M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $818,444▼49.5% | $1,028,564▲13.1% | $1,876,021▼7.7% | $2,110,610▼0.2% | 990 |
| 2023 | $1,620,487▲105% | $909,476▲12.6% | $2,033,175▲56.6% | $2,114,188▲52.1% | 990 |
| 2022 | $791,137▲25.9% | $808,007▼22.5% | $1,297,943▼4.3% | $1,389,916▼6.3% | 990 |
| 2021 | $628,246▲38.2% | $1,042,946▼32.6% | $1,355,970▼23.0% | $1,483,788▼18.4% | 990 |
| 2020 | $454,726▼51.6% | $1,547,098▲86.6% | $1,760,900▼38.3% | $1,818,161▼65.8% | 990 |
| 2019 | $939,883▼19.5% | $829,077▲22.8% | $2,853,272▲4.0% | $5,323,722▼21.0% | 990 |
| 2018 | $1,167,246▲65.1% | $675,303▼0.5% | $2,742,466▲21.9% | $6,740,464▲64.6% | 990 |
| 2017 | $707,196▼1.0% | $678,716▲0.8% | $2,250,523▲1.3% | $4,095,332▲4.9% | 990 |
| 2016 | $714,071▲10.3% | $673,149▲7.9% | $2,222,043▲1.9% | $3,904,892▲0.9% | 990 |
| 2015 | $647,469▼8.7% | $623,822▲6.8% | $2,181,121▲1.1% | $3,871,470▲4.8% | 990 |
| 2014 | $709,431▼2.8% | $584,357▼4.2% | $2,157,474▲6.2% | $3,695,333▲0.4% | 990 |
| 2013 | $729,878 | $609,884▲2.3% | $2,032,400▲6.3% | $3,680,033▼2.5% | 990 |
| 2012 | — | $596,353▲8.7% | $1,912,406▲6.7% | $3,774,556▲93.2% | 990 |
| 2011 | — | $548,739 | $1,792,265 | $1,953,802 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $298K total
15 grants to Greater Winston-salem Development Corp totaling $298K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Winston-salem Foundation | 2 grant(s) for varying purposes | 2024 | $5,750 |
| Winston-salem Foundation | 2 grant(s) for varying purposes | 2023 | $40,000 |
| Winston-salem Foundation | 3 grant(s) for varying purposes | 2022 | $65,000 |
| The Golden L E A F Long-term Economic Advancement Foundation In | See part iv | 2022 | $25,500 |
| North Carolina Baptist Hospital | Community support | 2020 | $11,000 |
| Wake Forest University | Support local econ dev'mt | 2019 | $15,000 |
| Wake Forest University Health Sciences | Community support | 2019 | $11,000 |
| North Carolina Baptist Hospital | Supporting economic growth and diversification | 2018 | $11,000 |
| Wake Forest University | Support local econ dev'mt | 2018 | $10,000 |
| Wake Forest University | Support local econ dev'mt | 2017 | $10,000 |
| Wake Forest University Health Sciences | Community support | 2016 | $22,000 |
| Wake Forest University | Support local econ dev'mt | 2016 | $10,000 |
| North Carolina Baptist Hospital | Community support | 2015 | $42,000 |
| Wake Forest University | Support local econ dev'mt | 2015 | $10,000 |
| Wake Forest University | Charitable contribution | 2014 | $10,000 |
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Frequently asked questions
- Is Greater Winston-salem Development Corp a legitimate nonprofit?
- Yes. Greater Winston-salem Development Corp is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 51-0436665, based in Winston Salem, North Carolina. Donations are tax-deductible.
- What is Greater Winston-salem Development Corp's EIN?
- Greater Winston-salem Development Corp's Employer Identification Number (EIN) is 51-0436665.
- How much revenue does Greater Winston-salem Development Corp report?
- Greater Winston-salem Development Corp reported $818,444 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Greater Winston-salem Development Corp have?
- CharityIndex grades Greater Winston-salem Development Corp D, based on financial health (reserves and operating margin).
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Data for Greater Winston-salem Development Corp (EIN 51-0436665) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.