Winston-Salem State University Foundation Incorporated

Organization Overview

Winston-Salem State University Foundation Incorporated is located in Winstonsalem, NC. The organization was established in 1972. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2022, Winston-Salem State University Foundation Incorporated employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Winston-Salem State University Foundation Incorporated 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-Salem State University Foundation Incorporated generated $10.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $7.0m during the year ending 06/2022. While expenses have increased by 5.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE FINANCIAL SUPPORT TO THE STUDENTS AND FACULTY OF WINSTON-SALEM STATE UNIVERSITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SCHOLARSHIP ASSISTANCE TO STUDENTS: IN THIS FISCAL YEAR, THE FOUNDATION AWARDED 935,208 IN SCHOLARSHIPS TO STUDENTS ON THE WSSU CAMPUS. ADDITIONAL FUNDS WERE GIVEN TO WSSU, WHO DISBURSED ADDITIONAL SCHOLARSHIPS TO ITS STUDENTS.


STUDENT/FACULTY SPECIAL ASSISTANCE- THE FOUNDATION PROVIDED SUPPORT TO CAMPUS PROGRAMS AND INITIATIVES SUCH AS THE UNIVERSITY CHOIR, RED SEA OF SOUND MARCHING BAND, OFFICE OF INTERNATIONAL PROGRAMS FOR STUDY ABROAD, FACULTY AND STAFF DEVELOPMENT, STUDENT LEADERSHIP DEVELOPMENT AND CAREER SERVICES.


STUDENT HOUSING FACILITY- THE FOUNDATION, THROUGH A WHOLLY OWNED SUBSIDIARY, WINSTON-SALEM STATE UNIVERSITY HOUSING FOUNDATION, LLC (THE "LLC"), OPERATES THREE STUDENT HOUSING FACILITIES. THE FIRST, RAMS COMMONS, IS A 446 BED FACILITY SITUATED ON APPROXIMATELY 7.7 ACRES ADJACENT TO THE UNIVERSITY CAMPUS. IT INCLUDES FOUR RESIDENTIAL BUILDINGS, ONE COMMUNITY CENTER, AND OFF-SITE PARKING. THE SECOND STUDENT HOUSING FACILITY, GLEASON-HAIRSTON TERRACE, IS SITUATED ON APPROXIMATELY 8.3 ACRES. THE 405 BED FACILITY IS LOCATED ON THE SOUTHWEST SIDE OF THE UNIVERSITY CAMPUS. GLEASON-HAIRSTON OPENED FOR STUDENT OCCUPANCY IN AUGUST 2005. FOUNDATION HEIGHTS, THE THIRD PRIVATIZED STUDENT HOUSING PROJECT SPONSORED BY THE FOUNDATION WAS FUNDED THROUGH AN ADDITIONAL BOND ISSUE. THIS FOUR STORY APARTMENT COMMUNITY, SITUATED ON APPROXIMATELY 6 ACRES ON THE SOUTHWEST SIDE OF THE CAMPUS, INCLUDES ONE RESIDENTIAL BUILDING CONTAINING 72 UNITS AND A TOTAL OF 316 BEDS. FOUNDATION HEIGHTS OPENED FOR STUDENT OCCUPANCY IN 2007. RAMS COMMONS, GLEASON-HAIRSTON TERRACE AND FOUNDATION HEIGHTS ARE LEASED TO WINSTON-SALEM STATE UNIVERSITY BY THE LLC.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Board, Officers & Key Employees

Name (title)Compensation
Gordon Slade
Finance Dire
$112,783
Marcus Cox
Vice-Chair
$0
Tony Ebron
Treasurer
$0
W Randy Loftis
Secretary
$0
Steve Strawsburg
Chair
$0
Dr Latanya D Afolayan
Executive Di
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $115,425
All other contributions, gifts, grants, and similar amounts not included above$5,578,897
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$5,694,322
Total Program Service Revenue$2,871,017
Investment income $712,449
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $25,750
Net Gain/Loss on Asset Sales $421,147
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $10,006,933

Grants Recieved

Over the last fiscal year, we have identified 16 grants that Winston-Salem State University Foundation Incorporated has recieved totaling $1,081,569.

Awarding OrganizationAmount
Winston-Salem Foundation

Winstonsalem, NC

PURPOSE: 48 GRANT(S) FOR VARYING PURPOSES

$788,004
T Rowe Price Program For Charitable Giving Inc

Baltimore, MD

PURPOSE: ENDOWMENT

$100,000
Schwab Charitable Fund

San Francisco, CA

PURPOSE: EDUCATION

$55,000
Tom Joyner Foundation Inc

Dallas, TX

PURPOSE: EDUCATION SCHOLARSHIP

$30,550
Partnership For Ed Advancement Inc

New York, NY

PURPOSE: COURSE FACILITATION

$25,000
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$21,964
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$24,764,575
Earnings$1,077,431
Net Contributions$11,043,817
Other Expense$264,358
Ending Balance$36,621,465

Create an account to unlock the data you need.

or