Downtown Winston-Salem Partnership Inc
- Assets
- $276.6k
- Revenue
- $846.2k
- Investments
- $0.0
- Employees
- 2
- Location
- Winston Salem, NC
- Founding
- 02/1994
- Data as of
- 06/2022
- EIN
- 56-1849234
Organization Overview
Downtown Winston-Salem Partnership Inc is located in Winston Salem, NC. The organization was established in 1994. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Downtown Winston-Salem Partnership Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Downtown Winston-Salem Partnership Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2022, Downtown Winston-Salem Partnership Inc generated $846.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.6% each year. All expenses for the organization totaled $830.7k during the year ending 06/2022. While expenses have increased by 9.6% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTION OF DOWNTOWN, PUBLIC SAFETY, PARK AND SHOP STAMPS, AND CHRISTMAS TREE LIGHTING
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTION AND SAFETY
PARK AND SHOP
TREE LIGHTING AND CHRISTMAS DECORATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Thiel President | Officer | 40 | $110,000 |
Name Not Listed Attached | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $503,128 |
| All other contributions, gifts, grants, and similar amounts not included above | $248,084 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $751,212 |
| Total Program Service Revenue | $42,499 |
| Investment income | $11,545 |
| 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 | $846,226 |
| 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. | $110,000 |
| Compensation of current officers, directors, key employees. | $22,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $85,511 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $30,668 |
| Payroll taxes | $15,899 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,645 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,200 |
| Advertising and promotion | $2,995 |
| Office expenses | $13,772 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,047 |
| 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 | $0 |
| Insurance | $6,872 |
| All other expenses | $2,975 |
| Total functional expenses | $830,658 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $226,777 |
| Savings and temporary cash investments | $10,647 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $38,593 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $550 |
| Total assets | $276,567 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $16,056 |
| 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 | $23,750 |
| Other liabilities | $0 |
| Total liabilities | $39,806 |
| Net assets without donor restrictions | $223,144 |
| Net assets with donor restrictions | $13,617 |
| 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 | $276,567 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Downtown Winston-Salem Partnership Inc has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Twin City Development Foundation Winstonsalem, NC PURPOSE: ECONOMIC DEVELOPMENT | $15,000 |
Millennium Fund Winstonsalem, NC PURPOSE: GENERAL SUPPORT FOR DOWNTOWN RESTAURANT RELIEF DURING PANDEMIC | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lowcountry Food Bank Inc Charleston, SC | $24,232,316 | $78,517,842 |
Self-Help Services Corp Durham, NC | $8,574,851 | $67,460,504 |
People Incorporated Of Virginia Abingdon, VA | $22,478,644 | $16,537,740 |
Lake Monticello Owners Association Lake Monticello, VA | $27,325,227 | $9,680,580 |
Reinvestment Partners Durham, NC | $12,338,640 | $8,350,193 |
Star C Corporation Marietta, GA | $534,124 | $5,554,127 |
Sandhills Community Action Program Inc Southern Pines, NC | $2,226,446 | $4,141,015 |
Urban Ministries Of Durham Inc Durham, NC | $4,630,944 | $4,348,989 |
Basic Acrylic Monomer Manufacturers Inc Williamsburg, VA | $5,992,927 | $2,980,426 |
Central Virginia Partnership For Economic Development Charlottesville, VA | $960,177 | $3,152,510 |
Nashville Entrepreneur Center Nashville, TN | $5,510,497 | $3,220,772 |
United Association Of Journeymen & Apprentices Of The Plumbing & Pipe Augusta, GA | $19,176,183 | $4,332,479 |