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North Carolina · Nonprofit

GREATER WINSTON-SALEM INC

GREATER WINSTON-SALEM INC (North Carolina) receives grants from 7 organizations whose IRS filings report $215,000 to it, the largest being FORSYTH MEMORIAL HOSPITAL INC ($90,000). 2 of them have funded it in more than one year.

Revenue FY2024
$3.7M
Funders on record
7
Grants received
$215k
Net assets
$4.2M
2/7 repeat funderspeak grant-dependency 3%
01What it does

What Greater Winston-Salem Inc does

Mission

Greater Winston-Salem Inc. Is a leading business organization in winston- salem and forsyth county. The organization is focused on establishing winston-salem as a technology-driven economic center. Greater Winston-Salem Inc. Offers services to strengthen existing businesses, to encourage small business creation, and to develop a talented workforce within forsyth county.

As stated on its FY2024 Form 990.

Programs

  1. Membership services: to increase and support membership in Greater Winston-Salem Inc. Through various activities and events such as small business forums, executive dialog groups, small business resources, and member networking events.

  2. Economic and educational development: to promote and increase local business within the winston-salem/forsyth county area, specifically focusing on developing high-tech opportunities/business base and the necessary community infrastructure through educational and community partnerships designed to ensure the proficiency of the current and future workforce for local manufacturing/service industries and new business initiatives.

  3. Communication and public policy: to keep local businesses informed on public policy issues, including business incentives, education, government regulation, taxes and local initiatives, and to produce various written/media communications for Greater Winston-Salem Inc.'s activities.

The 3 programs described on its FY2024 Form 990, listed largest first by expense.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended.

100 = 20172017 Revenue 100 ($2.1M) Expenses 100 ($2.2M) Net assets 100 ($2.1M)2018 Revenue 87 ($1.8M) Expenses 81 ($1.8M) Net assets 99 ($2.1M)2019 Revenue 85 ($1.8M) Expenses 84 ($1.9M) Net assets 92 ($1.9M)2020 Revenue 96 ($2.0M) Expenses 74 ($1.7M) Net assets 108 ($2.3M)2021 Revenue 87 ($1.8M) Expenses 75 ($1.7M) Net assets 114 ($2.4M)2022 Revenue 126 ($2.6M) Expenses 101 ($2.3M) Net assets 128 ($2.7M)2023 Revenue 136 ($2.8M) Expenses 109 ($2.5M) Net assets 145 ($3.1M)2024 Revenue 182 ($3.7M) Expenses 117 ($2.6M) Net assets 202 ($4.2M)
'17'18'19'20'21'22'23'24
Revenue (182)Expenses (117)Net assets (202)

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2023 to 2024, from $3.8M to $6.3M (+65%).

$3.0M
$2.7M
$2.6M
$2.7M
$3.0M
$3.4M
$3.8M
$6.3M
'17'18'19'20'21'22'23'24
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2017 16% · 2018 15% · 2019 15% · 2020 31% · 2021 37% · 2022 17% · 2023 42% · 2024 25%. Grants only. Government contracts and fees sit inside program revenue.

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 8 reported years ran a deficit.

−$188k
’17
−$23k
’18
−$137k
’19
$328k
’20
$97k
’21
$334k
’22
$339k
’23
$1.1M
’24
11
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Board chair

Cathy Pace

Board chair

As listed on its FY2024 Form 990.

'17'18'19'20'21'22'23'24
Listed5651517129313433
Joined·+9+12+25+2+6+6+6
No longer listed·1412544437
03Who funds it

Who funds it, year by year

2019 → 2023: the base held at 1 funder, grant income rose $0 → $18k.

Left out of every figure on this page: $1.9M from 7 payers (the payer shares this organization's board, largest The Winston-Salem Foundation). These are real filings, and they are not money GREATER WINSTON-SALEM INC raised.

From the IRS filings of GREATER WINSTON-SALEM INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

GREATER WINSTON-SALEM INC leans on a few funders — its largest provides 42% of grant income and the top three 79%; half comes from just 2 funders.

the vertical line marks half of all grant income — 2 funders to its left

42% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund GREATER WINSTON-SALEM INC.

42%
largest funder
79%
top three
~4
effective funders

Largest funder’s share by year: 2020 92% · 2021 56% · 2022 55% · 2023 100% — growing more concentrated.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

100% of GREATER WINSTON-SALEM INC's grant income comes from North Carolina funders.

NC

In-state vs out-of-state, by year

’20
’21
’22
’23
North Carolina out of state home

Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Organizations like GREATER WINSTON-SALEM INC

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In North Carolina

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Governance

31
board members
100%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Footprint & structure

Files a return copy in 1 state

NC

Part of a family of 2 related entities

  • Greater W-S Inc Foundation · exempt
  • Greater Winston-Salem Development · exempt

Screen this organization

A dated, signed PDF of the compliance screen for GREATER WINSTON-SALEM INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds GREATER WINSTON-SALEM INC?
GREATER WINSTON-SALEM INC (North Carolina) receives grants from 7 organizations whose IRS filings report $215,000 to it, the largest being FORSYTH MEMORIAL HOSPITAL INC ($90,000). 2 of them have funded it in more than one year.
How many funders does GREATER WINSTON-SALEM INC have?
IRS filings report 7 organizations giving $215,000 in grants to GREATER WINSTON-SALEM INC, 2 of which have funded it in more than one year.
Who is the largest funder of GREATER WINSTON-SALEM INC?
FORSYTH MEMORIAL HOSPITAL INC is the largest funder on record, with $90,000 in grants. The full list of funders is on this page.
How can an organization like GREATER WINSTON-SALEM INC find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in North Carolina. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 7 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing