Winston Net
- Assets
- $643.1k
- Revenue
- $311.3k
- Investments
- $0.0
- Employees
- 6
- Location
- Winston Salem, NC
- Founding
- 06/2015
- Data as of
- 06/2022
- EIN
- 31-1815083
Organization Overview
Winston Net is located in Winston Salem, NC. The organization was established in 2015. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 06/2022, Winston Net employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Winston Net is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Winston Net generated $311.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.8% each year . All expenses for the organization totaled $267.8k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
A NOT-FOR-PROFIT COMMUNITY TECHNOLOGY INITIATIVE AND COMMUNITY THAT BRINGS TOGETHER LOCAL, STATE AND NATIONAL ORGANIZATIONS INCLUDING: BUSINESSES, NOT-FOR-PROFITS, AND FOUNDATIONS TO FOSTER DIGITAL EQUITY AND INCLUSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FCDE COMMITTEE (FCDIGITALEQUITY.ORG) IS COMPRISED OF COMMUNITY MEMBERS AND REPRESENTATIVES OF THE PUBLIC, PRIVATE, AND NONPROFIT SECTORS WHO CAME TOGETHER IN 2020 WITH THE GOAL OF ACHIEVING DIGITAL EQUITY COUNTY-WIDE. FCDE MISSION - TO MAKE BROADBAND INTERNET ACCESSIBLE, AFFORDABLE, AND RELEVANT FOR ALL RESIDENTS OF WINSTON-SALEM/FORSYTH COUNTY. FCDE VISION - AN ENGAGED, INCLUSIVE COMMUNITY WHERE ALL RESIDENTS HAVE ACCESS AND THE ABILITY TO ADVOCATE FOR THEMSELVES AND THEIR COMMUNITIES.
WINSTONNET, THROUGH A UNITED WAY NETT GRANT, PARTNERED WITH FORSYTH TECH AND FORSYTH COUNTY PUBLIC LIBRARY TO PROVIDE DIGITAL LITERACY TRAINING TO 100 UNEMPLOYED/UNDEREMPLOYED, LOW-INCOME RESIDENTS. PARTICIPANTS GRADUATED FROM A 30HR BASIC COMPUTER/EMPLOYMENT SKILLS COURSE THROUGH FORSYTH TECHS HRD PROGRAM. EACH STUDENT PURCHASED A VERY LOW-COST, REFURBISHED LAPTOP COMPUTER WITH A 1-YEAR WARRANTY AND WAS PROVIDED INFORMATION ON HOW TO OBTAIN AFFORDABLE INTERNET SERVICE OFFERED. WINSTONNET BECAME THE LEAD AGENCY OF THE FORSYTH COUNTY DIGITAL EQUITY INITIATIVE, WHERE THEY ORGANIZED DIGITAL TECH CONNECT EVENTS TO TRAIN 30 YOUTH DIGITAL NAVIGATORS WHO TRAINED 30 AGING ADULTS ON BASIC COMPUTER LITERACY SKILLS. A TOTAL OF 23,429 UNIQUE USERS AND 11,690 AVERAGE USERS UTILIZED THE FREE PUBLIC WIFI.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lakisha Jordan Executive Director | 40 | $64,368 | |
Gary Koontz Board Chair | Officer | 1 | $0 |
Chris Pearce Board Secretary | Officer | 1 | $0 |
Kris Kelley Treasurer | Officer | 1 | $0 |
Tom Kureczka Board Member | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $44,046 |
| Membership dues | $90,000 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $154,920 |
| Noncash contributions included in lines 1a–1f | $101,350 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $288,966 |
| Total Program Service Revenue | $22,300 |
| Investment income | $3 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $311,269 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $64,368 |
| Compensation of current officers, directors, key employees. | $19,309 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $39,251 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,197 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,375 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $35,940 |
| Advertising and promotion | $0 |
| Office expenses | $194 |
| Information technology | $31,858 |
| Royalties | $0 |
| Occupancy | $2,849 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $45,255 |
| Insurance | $1,730 |
| All other expenses | $0 |
| Total functional expenses | $267,823 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $299,907 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $105,000 |
| Accounts receivable, net | $65,178 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $79,750 |
| Prepaid expenses and deferred charges | $4,164 |
| Net Land, buildings, and equipment | $89,128 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $643,127 |
| Accounts payable and accrued expenses | $9,152 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $9,152 |
| Net assets without donor restrictions | $453,975 |
| Net assets with donor restrictions | $180,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $643,127 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Winston Net has recieved totaling $172,217.
| Awarding Organization | Amount |
|---|---|
Winston-Salem Foundation Winstonsalem, NC PURPOSE: 3 GRANT(S) FOR VARYING PURPOSES | $85,000 |
United Way Of Forsyth County Inc Winstonsalem, NC PURPOSE: GENERAL SUPPORT | $62,217 |
Z Smith Reynolds Foundation Inc Winstonsalem, NC PURPOSE: CONSULTING SERVICES IN CONNECTION WITH FORSYTH COUNTY DIGITAL EQUITY PLAN | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Telamon Corporation Raleigh, NC | $28,971,791 | $85,006,099 |
Pruitt Corporation Employee Welfare Norcross, GA | $5,026,472 | $52,038,649 |
Palmetto Goodwill North Charleston, SC | $100,114,143 | $50,949,954 |
Helping Hands Ministries Inc Tallulah Falls, GA | $3,673,283 | $41,819,921 |
Bremen Food & Clothing Bank Inc Bremen, GA | $515,496 | $35,921,408 |
Navy Marine Coast Guard Residence Foundation Mclean, VA | $169,576,374 | $36,329,894 |
Southwest Georgia Community Action Council Inc Moultrie, GA | $11,357,621 | $35,023,890 |
Mid-Cumberland Human Resource Agency Nashville, TN | $16,634,342 | $31,822,877 |
Must Ministries Inc Marietta, GA | $38,621,848 | $35,481,764 |
Inter-Faith Food Shuttle Raleigh, NC | $8,299,507 | $23,329,525 |
Total Action Against Poverty In Roanoke Valley Roanoke, VA | $8,696,425 | $23,450,227 |
Enrichment Services Program Incorporated Columbus, GA | $4,122,189 | $23,954,834 |