Winston-salem Foundation
94% goes to programs $4 to raise $100 Strong reserves Declining revenue
Winston-salem Foundation is a 501(c)(3) organization based in Winston Salem, North Carolina, registered in 1946, with $46,606,251 in FY2024 revenue. CharityIndex grades it C, and it directs about 94% of spending to programs.
751 W 4th St Ste 200, Winston Salem, NC, 27101 EIN 56-6037615 Since 1946
Revenue (FY2024)
$46.6M
▼ 36.2% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$100.5M
Net assets
$629.3M
Employees
36
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →A+Program efficiency40% of the rating94% to programs · $4 to raise $100
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. For Winston-salem Foundation: 94% to programs · $4 to raise $100 earns a A+ on this criterion. See the exact thresholds →
FFinancial health25% of the rating75 mo reserves · -116% 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 Winston-salem Foundation: 75 mo reserves · -116% margin earns a F on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
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. For Winston-salem Foundation: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 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 Winston-salem Foundation: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Community foundation (see p.2, form 990, part iii for additional information)
What they do
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.
Contact & location
- Address
- 751 W 4th St Ste 200, Winston Salem, NC, 27101
- City
- Winston Salem
- State
- North Carolina
- Subcategory
- Public Foundations
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $52.6M (FY2019) to $46.6M (FY2024) across 6 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $788KNet assets $629.3M
Operating margin
-115.6%
Spent more than it raised in the latest fiscal year.
Total assets
$630.1M
Total liabilities
$788K
Net assets
$629.3M
Salaries & benefits
$4.1M
4% of expenses
Board members
12
12 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $46,606,251▼36.2% | $100,460,896▲10.3% | $629,294,821▼1.6% | $630,082,900▼1.8% | 990 |
| 2023 | $73,014,325▲17.4% | $91,071,721▲8.1% | $639,660,769▲2.1% | $641,591,558▲2.0% | 990 |
| 2022 | $62,200,081▼71.2% | $84,263,784▼2.7% | $626,257,413▼15.4% | $629,191,522▼15.4% | 990 |
| 2021 | $216,140,511▲88.6% | $86,589,942▼34.3% | $740,000,876▲26.6% | $744,028,025▲26.5% | 990 |
| 2020 | $114,585,898▲118% | $131,728,306▲102% | $584,714,264▲4.0% | $588,201,555▲4.2% | 990 |
| 2019 | $52,612,576 | $65,320,482 | $562,224,538 | $564,558,427 | 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.
Leadership & compensation (FY2024)
Highest-paid: Latida M Smith — $311,692 (0.31% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Latida M Smith | President | 40 | $311,692 |
| J Todd Slate | Vp, Finance | 40 | $235,467 |
| Sheila M Virgil | Vp, Development & Donor Services | 40 | $167,586 |
| Andrea M Hulighan | Vp, Strategy & Culture | 40 | $157,764 |
| D Patrick Meehan | Director, Information Systems & Technology | 40 | $133,085 |
| Elaine T Summerfield | Vp, Community Investment | 40 | $130,578 |
| Alex Barrett | Committee Member | 1 | — |
| Alison Ashe-card | Chair | 1 | — |
| Allan Younger | Committee Member | 1 | — |
| Bank of America Private Bank | Trustee | 1 | — |
| Carol Davis | Committee Member | 1 | — |
| Evelyn Acree | Treasurer/committee Member | 1 | — |
| Joe Crocker | Secretary/committee Member | 1 | — |
| Matt Cullinan | Committee Member | 1 | — |
| Paula Mccoy | Committee Member | 1 | — |
| Peggy Reingold | Committee Member | 1 | — |
| Tom Lawson | Committee Member | 1 | — |
| Truist | Trustee | 1 | — |
| Vivian Perez Chandler | Committee Member | 1 | — |
| Wells Fargo Bank | Trustee | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Global Endowment Management LP | Investment Management | $1,314,955 |
| Wells Fargo Private Bank | Investment Management | $400,765 |
| Tight Lines Partners LLC | Rent | $392,378 |
| Fund Evaluation Group | Investment Consulting | $198,809 |
| Foundant Technologies Inc | Computer Support & Consulting | $187,344 |
Grants received · $15.0M total
85 grants to Winston-salem Foundation totaling $15.0M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Novant Health Inc | Community outreach | 2024 | $675,000 |
| Ayco Charitable Foundation | Community & human services | 2024 | $67,500 |
| Goodwill Industries of Nw North Carolina Inc | Supporting charitable organizations with missions that complement goodwill's mission | 2024 | $25,000 |
| The Community Foundation of Western North Carolina Inc | Building community & economic vitality | 2024 | $25,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $10,000 |
| American Endowment Foundation | Philanthropy | 2024 | $10,000 |
| Tulsa Community Foundation | General operations | 2024 | $6,000 |
| Charities Aid Foundation America | Charitable donation | 2024 | $5,901 |
| The Community Foundation of Greater Birmingham | Family and social services; daf funded | 2024 | $5,500 |
| Raymond James Charitable Endowment Fund | General support | 2024 | $5,450 |
| Donor Advised Charitable Giving | Public, societal benefit | 2023 | $344,002 |
| Novant Health Inc | Community outreach | 2023 | $320,000 |
| American Endowment Foundation | Philanthropy | 2023 | $60,000 |
| Ayco Charitable Foundation | Community & human services | 2023 | $50,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $13,800 |
Grants made · $90.4M in FY2024
823 grants totaling $90.4M in FY2024 — showing the 15 largest. All grants made by Winston-salem Foundation →
| Recipient | Purpose | Amount |
|---|---|---|
| Charities Aid Foundation America | 14 grant(s) for varying purposes | $5,844,669 |
| Family Services Inc | 46 grant(s) for varying purposes | $3,372,616 |
| Davie Community Foundation Inc | 2 grant(s) for varying purposes | $3,000,100 |
| City Year Inc | 2 grant(s) for varying purposes | $2,650,000 |
| American Heart Association Inc | 19 grant(s) for varying purposes | $2,057,733 |
| Wake Forest University | 84 grant(s) for varying purposes | $1,665,831 |
| Atrium Health Foundation | 2 grant(s) for varying purposes | $1,501,000 |
| Atlanta Neighborhood Development Partnership Inc | 1 grant(s) for varying purposes | $1,500,000 |
| Coastal Community Foundation of South Carolina Inc | 2 grant(s) for varying purposes | $1,089,500 |
| The Foundation of the University of North Carolina At Charlotte Inc | 2 grant(s) for varying purposes | $1,072,658 |
| Second Harvest Food Bank of Northwest North Carolina Inc | 173 grant(s) for varying purposes | $1,052,881 |
| Crossnore Communities For Children | 75 grant(s) for varying purposes | $1,017,245 |
| Bank of America Charitable Gift Fund | 2 grant(s) for varying purposes | $1,000,000 |
| Ron Clark Academy Inc | 1 grant(s) for varying purposes | $1,000,000 |
| Clark Atlanta University Inc | 2 grant(s) for varying purposes | $1,000,000 |
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Compare Winston-salem Foundation
Frequently asked questions
- Is Winston-salem Foundation a legitimate nonprofit?
- Yes. Winston-salem Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 56-6037615, based in Winston Salem, North Carolina. Donations are tax-deductible.
- What is Winston-salem Foundation's EIN?
- Winston-salem Foundation's Employer Identification Number (EIN) is 56-6037615.
- How much revenue does Winston-salem Foundation report?
- Winston-salem Foundation reported $46,606,251 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Winston-salem Foundation's spending goes to programs?
- Winston-salem Foundation spends about 94% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Winston-salem Foundation have?
- CharityIndex grades Winston-salem Foundation C, based on program efficiency and fundraising cost.
- How much does Winston-salem Foundation's highest-paid employee make?
- The highest reported compensation on Winston-salem Foundation's latest Form 990 is $311,692, paid to Latida M Smith (President).
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Data for Winston-salem Foundation (EIN 56-6037615) 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.