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Twin City Development Foundation

  • Winston Salem, NC
  • Tax-exempt since Sept. 2007
  • EIN: 20-8548088

Organization summary

Type of Nonprofit

Designated as a Business leagues, chambers of commerce, real estate boards, etc, created for the improvement of business conditions.

Category: Community Improvement, Capacity Building / Promotion of Business (NTEE)

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$1.1M (2023)

Expenses
$713k (2023)

Total Assets
$15M (2023)

Total Liabilities
$50.3k (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,097,592
Expenses
$713,314
Net Income
$384,278
Net Assets
$14,939,778
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $414,267
37.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $683,325
62.3%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $36,000
5.0%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $14,990,048
Total Liabilities $50,270
Net Assets $14,939,778
Compensation
Key Employees and Officers Compensation Related Other
Robert Egleston (Executive Di) $36,000 $0 $0
Betsy Brown (Director) $0 $0 $0
Bob Leak (Director) $0 $0 $0
Deborah Best (Director) $0 $0 $0
Greg Brewer (Director) $0 $0 $0
Vivian Perez Chandler (Director) $0 $0 $0
Carol Davis (Director) $0 $0 $0
Damon Sanders Pratt (Director) $0 $0 $0
Sandra Fishel Booth (Director) $0 $0 $0
Penn Broyhill (Director) $0 $0 $0
Melvin Scales (Director) $0 $0 $0
Andy Dreyfuss (Past Chair) $0 $0 $0
Mamie Sutphin (Vice Chair/T) $0 $0 $0
Ralph Womble (Chair) $0 $0 $0
Robert Clark (2 Nd Past Cha) $0 $0 $0
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Document Links

990
Filed on May 13, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
-$115,486
Expenses
$444,505
Net Income
-$559,991
Net Assets
$13,612,439
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $356,892
Bond Proceeds $0
Royalties $0
Rental Property Income -$29,850
Net Fundraising $0
Sales of Assets -$444,078
Net Inventory Sales $0
Other Revenue $1,550
Notable Expenses Percent of Total Expenses
Executive Compensation $24,000
5.4%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $13,639,500
Total Liabilities $27,061
Net Assets $13,612,439
Compensation
Key Employees and Officers Compensation Related Other
Robert Egleston (Executive Di) $24,000 $0 $0
Mamie Sutphin (Director) $0 $0 $0
Karl Yena (Director) $0 $0 $0
Will Baucom End 1222 (Director) $0 $0 $0
Deborah Best (Director) $0 $0 $0
Greg Brewer (Director) $0 $0 $0
Vivian Perez Chandler (Director) $0 $0 $0
Carol Davis (Director) $0 $0 $0
Damon Sanders Pratt (Director) $0 $0 $0
Melvin Scales (Director) $0 $0 $0
Andy Dreyfuss (Chair) $0 $0 $0
Ralph Womble (Vice Chair/T) $0 $0 $0
Robert Clark (Past Chair) $0 $0 $0
Stephen Poe (2 Nd Past Cha) $0 $0 $0
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Document Links

990
Filed on May 15, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$628,620
Expenses
$659,219
Net Income
-$30,599
Net Assets
$16,654,535
Notable Sources of Revenue Percent of Total Revenue
Contributions $160,139
25.5%
Program Services $0
Investment Income $318,487
50.7%
Bond Proceeds $0
Royalties $0
Rental Property Income -$46,384
Net Fundraising $0
Sales of Assets $196,378
31.2%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $24,000
3.6%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $16,743,150
Total Liabilities $88,615
Net Assets $16,654,535
Compensation
Key Employees and Officers Compensation Related Other
Robert Egleston (Executive Di) $24,000 $0 $0
Evan Raleigh (Director Thr) $0 $0 $0
Mamie Sutphin (Director) $0 $0 $0
Karl Yena (Director) $0 $0 $0
Will Baucom (Director) $0 $0 $0
Deborah Best (Director) $0 $0 $0
Ralph Womble (Director) $0 $0 $0
Elizabeth Repetti (Director) $0 $0 $0
Robert Clark (Chair) $0 $0 $0
Andy Dreyfuss (Vice Chair &) $0 $0 $0
Stephen Poe (Past Chair) $0 $0 $0
Robert Greene (2 Nd Past Cha) $0 $0 $0
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Document Links

990
Filed on Feb. 8, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,506,722
Expenses
$242,582
Net Income
$2,264,140
Net Assets
$14,789,559
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,080,707
83.0%
Program Services $0
Investment Income $266,424
10.6%
Bond Proceeds $0
Royalties $0
Rental Property Income -$27,372
Net Fundraising $0
Sales of Assets $186,963
7.5%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $30,000
12.4%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $14,960,601
Total Liabilities $171,042
Net Assets $14,789,559
Compensation
Key Employees and Officers Compensation Related Other
Cbhbc Corp Llc (Executive Director) $30,000 $0 $0
Mark Doughton (2 Nd Past Chair) $0 $0 $0
Robert Clark (Vice Chair & Treasurer) $0 $0 $0
Robert Greene (Past Chair) $0 $0 $0
Stephen Poe (Chair) $0 $0 $0
Evan Raleigh (Director) $0 $0 $0
Mamie Sutphin (Director) $0 $0 $0
Karl Yena (Director) $0 $0 $0
Michelle Cook (Director) $0 $0 $0
Andy Dreyfuss (Director) $0 $0 $0
Scott Krewson (Director) $0 $0 $0
Elizabeth Repetti (Director) $0 $0 $0
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Document Links

990
Filed on Feb. 14, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,376,813
Expenses
$615,410
Net Income
$761,403
Net Assets
$11,622,393
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,287,399
93.5%
Program Services $0
Investment Income $245,640
17.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$156,226
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $30,000
4.9%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $11,988,555
Total Liabilities $366,162
Net Assets $11,622,393

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$257,478
Expenses
$643,644
Net Income
-$386,166
Net Assets
$8,852,023
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $243,154
94.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $10,971
4.3%
Net Inventory Sales $0
Other Revenue $3,353
1.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $66,600
10.3%
Assets/Debt
Total Assets $9,213,607
Total Liabilities $361,584
Net Assets $8,852,023
Compensation
Key Employees and Officers Compensation Related Other
Art Gibel (Director) $0 $0 $0
Blanche Pearsall (2 Nd Past Chair) $0 $0 $0
Bob Gfeller (Director) $0 $0 $0
Lisa Venable (President/Ceo) $0 $124,996 $6,972
Mark Doughton (Chair) $0 $0 $0
Robert Clark (Past Chair) $0 $0 $0
Robert Greene (Vice Chair/Treasurer) $0 $0 $0
Stephen Poe (Director) $0 $0 $0
Brent Waddell (Director) $0 $0 $0
Ralph Womble (Director) $0 $0 $0
Nigel Alston (Director) $0 $0 $0
Michelle Cook (Director) $0 $0 $0
Andy Dreyfuss (Director) $0 $0 $0
Scott Krewson (Director) $0 $0 $0
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Document Links

990
Filed on Nov. 15, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$915,467
Expenses
$857,587
Net Income
$57,880
Net Assets
$10,391,242
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $289,609
31.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $622,798
68.0%
Net Inventory Sales $0
Other Revenue $3,060
0.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $66,600
7.8%
Assets/Debt
Total Assets $10,652,811
Total Liabilities $261,569
Net Assets $10,391,242

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$327,863
Expenses
$540,586
Net Income
-$212,723
Net Assets
$9,986,463
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $356,447
> 100%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$28,598
Net Inventory Sales $0
Other Revenue $14
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $70,332
13.0%
Assets/Debt
Total Assets $10,033,401
Total Liabilities $46,938
Net Assets $9,986,463

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$345,221
Expenses
$364,374
Net Income
-$19,153
Net Assets
$9,600,943
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $339,409
98.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $155
0.0%
Net Inventory Sales $0
Other Revenue $5,657
1.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $86,904
23.9%
Assets/Debt
Total Assets $9,633,707
Total Liabilities $32,764
Net Assets $9,600,943

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF
PDF (2 of 2)

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$882,647
Expenses
$393,367
Net Income
$489,280
Net Assets
$10,247,356
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $335,081
38.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $547,108
62.0%
Net Inventory Sales $0
Other Revenue $458
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $87,516
22.2%
Assets/Debt
Total Assets $10,273,194
Total Liabilities $25,838
Net Assets $10,247,356

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF
PDF (2 of 2)

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$602,468
Expenses
$290,373
Net Income
$312,095
Net Assets
$9,968,767
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $328,498
54.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $272,409
45.2%
Net Inventory Sales $0
Other Revenue $1,561
0.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $86,678
29.9%
Assets/Debt
Total Assets $10,093,219
Total Liabilities $124,452
Net Assets $9,968,767

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$357,836
Expenses
$353,680
Net Income
$4,156
Net Assets
$8,858,786
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $287,994
80.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $67,983
19.0%
Net Inventory Sales $0
Other Revenue $1,859
0.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $86,452
24.4%
Assets/Debt
Total Assets $9,071,469
Total Liabilities $212,683
Net Assets $8,858,786

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$316,046
Expenses
$456,991
Net Income
-$140,945
Net Assets
$8,387,219
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $305,829
96.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $10,217
3.2%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $70,000
15.3%
Assets/Debt
Total Assets $8,537,272
Total Liabilities $150,053
Net Assets $8,387,219

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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Byline

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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