Winston Starts
- Assets
- $1.9m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 10
- Location
- Winstonsalem, NC
- Founding
- 09/2017
- Data as of
- 12/2022
- EIN
- 82-1573081
Organization Overview
Winston Starts is located in Winstonsalem, NC. The organization was established in 2017. According to its NTEE Classification (S43) the organization is classified as: Small Business Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Winston Starts employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Winston Starts 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 12/2022, Winston Starts generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 21.6% each year .
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO DRIVE THE FUTURE ECONOMIC HEALTH OF WINSTON-SALEM, TRIAD AND NORTH CAROLINA BY: PROVIDING INTENSE, INSPIRING, AND DURATION-APPROPRIATE SUPPORT FOR STARTUPS WITH NATIONALLY SCALABLE BUSINESS MODELS. COLLABORATING WITH OTHER STARTUP SUPPORT ENTERPRISES ACROSS THE TRIAD AND THE STATE TO DEVELOP A COORDINATED TRELLIS OF STARTUP SUPPORT. PROMOTING A CULTURE OF ENTREPRENEURSHIP AND INNOVATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING OFFICE SPACE TO START UP COMPANIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John C Whitaker Jr Director | Trustee | 1 | $0 |
Donald E Flow Director | Trustee | 1 | $0 |
Todd Johnson Director | Trustee | 1 | $0 |
Steven A Lineberger Director | Trustee | 1 | $0 |
Natalie Jensen-Noll Director | Trustee | 1 | $0 |
Trinity Manning Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,029,584 |
| Noncash contributions included in lines 1a–1f | $484,584 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,029,584 |
| Total Program Service Revenue | $158,511 |
| Investment income | $20 |
| 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 | $1,251,998 |
| 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. | $105,000 |
| Compensation of current officers, directors, key employees. | $52,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $173,421 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $20,999 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $575 |
| Fees for services: Accounting | $2,869 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,864 |
| Advertising and promotion | $51,684 |
| Office expenses | $0 |
| Information technology | $41,166 |
| Royalties | $0 |
| Occupancy | $748,454 |
| Travel | $5,755 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,127 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $99,611 |
| Insurance | $3,471 |
| All other expenses | $2,940 |
| Total functional expenses | $1,288,369 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,839 |
| Savings and temporary cash investments | $246,498 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,399 |
| 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 | $1,490,678 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $86,180 |
| Other assets | $0 |
| Total assets | $1,867,594 |
| Accounts payable and accrued expenses | -$419 |
| 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 | $22,898 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $22,479 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $1,845,115 |
| Total liabilities and net assets/fund balances | $1,867,594 |