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North Carolina · Nonprofit

GREATER WINSTON-SALEM INC FOUNDATION

GREATER WINSTON-SALEM INC FOUNDATION (North Carolina) receives grants from 4 organizations whose IRS filings report $73,051 to it, the largest being THE AYCO CHARITABLE FOUNDATION ($40,000). 1 of them have funded it in more than one year, and 55% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.

Revenue FY2024
$101k
Funders on record
4
Grants received
$73k
Net assets
$59k
1/4 repeat funderspeak grant-dependency 66%
01What it does

What Greater Winston-Salem Inc Foundation does

Mission

To carry out those activities in the interest of the people of winston- salem and forsyth county and which are of a philanthropic and eleemosynary nature focusing on entrepreneurial grant initiative to support the growth of winston-salem's businesses and innovation economy.

As stated on its FY2024 Form 990.

Program

  1. Education programs funds contributed to address education issues including improving high school graduation rates through mentorship programs, partnering local businesses and local schools and recruiting corporate volunteers to work with local elementary school age children. Small business programs funds contributed to support (1) an operating grant program in support of businesses located within forsyth county that are adversely impacted by federally or state-declared disasters in order to combat community deterioration and to lessen the burdens of government and (2) entrepreneurial grant initiatives to support the growth of winston- salem's innovation economy.

    $346,316 spentof which $293,863 as grants
    100% of program spending

The program described on its FY2024 Form 990. Program spending in total: $346,316.

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 ($133k) Expenses 100 ($210k) Net assets 100 ($31k)2018 Revenue 46 ($61k) Expenses 34 ($71k) Net assets 68 ($21k)2019 Revenue 31 ($41k) Expenses 29 ($60k) Net assets 7 ($2k)2020 Revenue 1316 ($1.8M) Expenses 336 ($705k) Net assets 3363 ($1.0M)2021 Revenue 77 ($103k) Expenses 160 ($335k) Net assets 2618 ($817k)2022 Revenue 262 ($349k) Expenses 249 ($522k) Net assets 2063 ($644k)2023 Revenue 45 ($60k) Expenses 191 ($400k) Net assets 974 ($304k)2024 Revenue 76 ($101k) Expenses 165 ($346k) Net assets 188 ($59k)
'17'18'19'20'21'22'23'24
Revenue (76)Expenses (165)Net assets (188)

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2019 to 2020, from $2k to $1.1M (+48246%).

$146k
$21k
$2k
$1.1M
$1.0M
$914k
$755k
$569k
'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: 2020 11%. Grants only. Government contracts and fees sit inside program revenue.

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 7 of the last 8 reported years ran a deficit.

−$77k
’17
−$10k
’18
−$19k
’19
$1.0M
’20
−$232k
’21
−$173k
’22
−$340k
’23
−$246k
’24
15
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.

20202021202220232024
Listed1199109
Joined·+2+0+3+0
No longer listed·4021
03Who funds it

Who funds it, year by year

2022 → 2023: the base broadened from 1 funder to 3 funders, grant income rose $10k → $40k.

2 of 4 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 55% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

Left out of every figure on this page: $509k from 6 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 FOUNDATION raised.

From the IRS filings of GREATER WINSTON-SALEM INC FOUNDATION’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 FOUNDATION leans on a few funders — its largest provides 55% of grant income and the top three 100%; half comes from just 1 funder.

the vertical line marks half of all grant income — 1 funder to its left

96% 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 FOUNDATION.

55%
largest funder
100%
top three
~2
effective funders

Largest funder’s share by year: 2022 100% · 2023 75% — diversifying over time.

“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

55% of GREATER WINSTON-SALEM INC FOUNDATION's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $33k that is directly attributable, 100% of it comes from North Carolina funders.

NC

Funder states come from each funder’s own filing. $40k arriving through sponsors registered in 2 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. 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 FOUNDATION

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.

Where the money goes

100% of spending goes to programs.

Program 100%Management 0%Fundraising 0%

Governance

7
board members
100%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Public support

74%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 1 state

NC

Part of a family of 2 related entities

  • Greater Winston-Salem Inc · exempt
  • Greater Winston-Salem Development · exempt

Screen this organization

A dated, signed PDF of the compliance screen for GREATER WINSTON-SALEM INC FOUNDATION: 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 FOUNDATION?
GREATER WINSTON-SALEM INC FOUNDATION (North Carolina) receives grants from 4 organizations whose IRS filings report $73,051 to it, the largest being THE AYCO CHARITABLE FOUNDATION ($40,000). 1 of them have funded it in more than one year, and 55% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
How many funders does GREATER WINSTON-SALEM INC FOUNDATION have?
IRS filings report 4 organizations giving $73,051 in grants to GREATER WINSTON-SALEM INC FOUNDATION, 1 of which have funded it in more than one year.
Who is the largest funder of GREATER WINSTON-SALEM INC FOUNDATION?
THE AYCO CHARITABLE FOUNDATION is the largest funder on record, with $40,000 in grants. The full list of funders is on this page.
How can an organization like GREATER WINSTON-SALEM INC FOUNDATION 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 4 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