GREATER WINSTON-SALEM DEVELOPMENT CORP

WINSTON SALEM, NC, 27101-4158 (336) 723-8955 Est. 2003 EIN 51-0436665

S31 - Urban & Community Economic Development 990 - Public charity return 501(c)(3)

Mission

TO RECRUIT NEW BUSINESSES TO WINSTON-SALEM AND FORSYTH COUNTY IN ORDER TO FACILITATE GROWTH AND ECONOMIC DIVERSIFICATION IN THE AREA.

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Total Revenue

$818,444

Total Expenses

$1,028,564

Net Assets

$1,876,021

75 volunteers

From latest filing (tax period ending 2024-12-31)

Operating Reserve

21.9 months Healthy

Net assets / monthly expenses

Year-over-Year Change

Revenue ↓ 49.5%

Expenses ↑ 13.1%

Revenue Sources

Contributions 91.4% Investment 8.4%

Expense Breakdown

Program 76.8% Management 23.2%

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Year	Revenue	Expenses	Net Assets
2024 990 - Public charity return Jan 1, 2024 to Dec 31, 2024	$818,444 ↓	$1,028,564	$1,876,021
2023 990 - Public charity return Jan 1, 2023 to Dec 31, 2023	$1,620,487 ↑	$909,476	$2,033,175
2022 990 - Public charity return Jan 1, 2022 to Dec 31, 2022	$791,137 ↑	$808,007	$1,297,943
2020 990 - Public charity return Jan 1, 2020 to Dec 31, 2020	$454,726 ↓	$1,547,098	$1,760,900
2018 990 - Public charity return Jan 1, 2018 to Dec 31, 2018	$1,167,246	$675,303	$2,742,466