Winston-salem State University Foundation Incorporated is a 501(c)(3) organization based in Winston Salem, North Carolina, registered in 1972, with $9,030,501 in FY2023 revenue. CharityIndex grades it D.
Revenue (FY2023)
$9.0M
▲ 3.8% vs prior year
Education median: $200K
Expenses (FY2023)
$12.6M
Net assets
$70.7M
Employees
—
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 Winston-salem State University Foundation Incorporated— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
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 State University Foundation Incorporated: 67 mo reserves · -40% margin earns a D on this criterion. See the exact thresholds →
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 Winston-salem State University Foundation Incorporated— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
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 State University Foundation Incorporated: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Revenue declined from $37.0M (FY2020) to $9.0M (FY2023) across 4 reported years.
Financial snapshot
Operating margin
-39.5%
Spent more than it raised in the latest fiscal year.
Total assets
$97.9M
Total liabilities
$27.2M
Net assets
$70.7M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $9,030,501▲3.8% | $12,601,251▲50.4% | $70,674,683▲5.2% | $97,879,162▼1.1% | 990 |
| 2022 | $8,698,843▼13.1% | $8,377,370▲19.8% | $67,182,881▲1.2% | $98,940,013▼1.1% | 990 |
| 2021 | $10,006,933▼73.0% | $6,991,452▲47.4% | $66,417,223▲0.7% | $99,996,006▼1.4% | 990 |
| 2020 | $36,998,091 | $4,744,386 | $65,931,708 | $101,451,947 | 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.
66 grants to Winston-salem State University Foundation Incorporated totaling $36.7M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Winston-salem Foundation | 37 grant(s) for varying purposes | 2024 | $380,557 |
| American Online Giving Foundation Inc | General support | 2024 | $52,763 |
| Mozilla Foundation | Project support for renewal of responsible computing challenge. | 2024 | $49,000 |
| The Us Charitable Gift Trust | For recipient's exempt purpose | 2024 | $14,000 |
| Charities Aid Foundation America | Charitable donation | 2024 | $10,852 |
| Second Harvest Food Bank of Northwest North Carolina Inc | Feeding the poor and | 2024 | $9,984 |
| American Heart Association Inc | Mobile hypertension unit | 2024 | $6,000 |
| Winston-salem Foundation | 41 grant(s) for varying purposes | 2023 | $738,330 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $533,500 |
| Mozilla Foundation | Project support for integrating responsible computing and ethics. | 2023 | $150,000 |
| American Online Giving Foundation Inc | General support | 2023 | $87,673 |
| Donor Advised Charitable Giving | Education | 2023 | $87,000 |
| Foundation For the Carolinas | Charitable gift | 2023 | $12,500 |
| Winston-salem Foundation | 41 grant(s) for varying purposes | 2022 | $507,416 |
| Donor Advised Charitable Giving | Education | 2022 | $100,000 |
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Data for Winston-salem State University Foundation Incorporated (EIN 56-0989620) 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.