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Winston Salem Foundation

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Community Foundations (NTEE)

Donations to this organization are tax deductible.

Details

According to its Dec. 2022 tax filing, this nonprofit:

Operated a donor-advised fund
Organization maintained a donor-advised fund or similar account through which donors could direct the distribution or investment of funds. Details are reported on Schedule D.

Summary charts: organization finances over time

Revenue
$62.2M (2022)

Expenses
$84.3M (2022)

Total Assets
$629M (2022)

Total Liabilities
$2.93M (2022)

Source: Form 990 tax filings from 2011 to 2022

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.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$62,200,081
Expenses
$84,263,784
Net Income
-$22,063,703
Net Assets
$626,257,413
Notable Sources of Revenue Percent of Total Revenue
Contributions $44,208,653
71.1%
Program Services $28,118
0.0%
Investment Income $12,044,183
19.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $5,919,127
9.5%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $1,014,620
1.2%
Professional Fundraising Fees $0
Other Salaries and Wages $2,107,614
2.5%
Assets/Debt
Total Assets $629,191,522
Total Liabilities $2,934,109
Net Assets $626,257,413
Other
Operated a donor-advised fund
Compensation
Key Employees and Officers Compensation Related Other
Latida M Smith (President) $277,131 $0 $46,295
Lisa P Purcell (Executive Vice President) $218,225 $0 $38,088
J Todd Slate (Vp, Finance) $204,089 $0 $34,905
Annette P Lynch (Vp, Philanthropic Services) $163,763 $0 $32,125
Brittney J Gaspari (Vp, Community Investment) $147,836 $0 $43,776
Adelia S Matthews (Comptroller) $117,101 $0 $27,372
Andrea M Hulighan (Director, Strategic Initia) $116,135 $0 $35,583
Carolyn O Fulton (Director, Marketing & Comm) $106,181 $0 $32,544
D Patrick Meehan (Director, Information Tech) $105,503 $0 $40,821
Alison Ashe Card (Chair) $0 $0 $0
Evelyn Acree (Treasurer/Committee Mem.) $0 $0 $0
Joe Crocker (Secretary/Committee Member) $0 $0 $0
Wendy Brenner (Committee Member) $0 $0 $0
Josh Crane (Committee Member) $0 $0 $0
Matt Cullinan (Committee Member) $0 $0 $0
Carol Davis (Committee Member) $0 $0 $0
Tom Lawson (Committee Member) $0 $0 $0
Jeff Lindsay (Committee Member) $0 $0 $0
Paula Mccoy (Committee Member) $0 $0 $0
Peggy Reingold (Committee Member) $0 $0 $0
Oscar Santos (Committee Member) $0 $0 $0
Allan Younger (Committee Member) $0 $0 $0
Wells Fargo Bank (Trustee) $0 $0 $0
Bank Of America Private Bank (Trustee) $0 $0 $0
Truist (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$216,140,511
Expenses
$86,589,942
Net Income
$129,550,569
Net Assets
$740,000,876
Notable Sources of Revenue Percent of Total Revenue
Contributions $182,534,078
84.5%
Program Services $750,102
0.3%
Investment Income $12,343,053
5.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $20,513,278
9.5%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $775,916
0.9%
Professional Fundraising Fees $0
Other Salaries and Wages $1,801,336
2.1%
Assets/Debt
Total Assets $744,028,025
Total Liabilities $4,027,149
Net Assets $740,000,876
Other
Operated a donor-advised fund
Compensation
Key Employees and Officers Compensation Related Other
Lisa P Purcell (Executive Vice President) $255,319 $0 $40,318
J Todd Slate (Vp, Finance & Administrati) $168,718 $0 $31,814
Annette P Lynch (Vp, Philanthropic Services) $137,591 $0 $29,024
Brittney J Gaspari (Vp, Community Investment) $116,287 $0 $47,659
D Patrick Meehan (Director, Information Tech) $112,353 $0 $39,476
Andrea M Hulighan (Director, Strategic Initia) $110,506 $0 $32,986
Carolyn O Fulton (Director, Marketing & Comm) $106,785 $0 $32,517
Adelia S Matthews (Comptroller) $106,346 $0 $24,712
Latida M Smith (President (Started 9/1/21)) $104,358 $0 $8,776
Randall Tuttle (Chair) $0 $0 $0
Evelyn Acree (Treasurer/Committee Mem.) $0 $0 $0
Alison Ashe Card (Secretary/Committee Member) $0 $0 $0
Josh Crane (Committee Member) $0 $0 $0
Joe Crocker (Committee Member) $0 $0 $0
Wendy Brenner (Committee Member) $0 $0 $0
Jeff Lindsay (Committee Member) $0 $0 $0
Lucia Marshall (Committee Member) $0 $0 $0
Dr John Mcconnell (Committee Member) $0 $0 $0
Paula Mccoy (Committee Member) $0 $0 $0
Peggy Reingold (Committee Member) $0 $0 $0
Oscar Santos (Committee Member) $0 $0 $0
Allan Younger (Committee Member) $0 $0 $0
Wells Fargo Bank (Trustee) $0 $0 $0
Bank Of America Private Bank (Trustee) $0 $0 $0
Truist (Formerly Bb&T) (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$114,585,898
Expenses
$131,728,306
Net Income
-$17,142,408
Net Assets
$584,714,264
Notable Sources of Revenue Percent of Total Revenue
Contributions $105,175,696
91.8%
Program Services $611,442
0.5%
Investment Income $8,154,871
7.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $643,889
0.6%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $871,263
0.7%
Professional Fundraising Fees $0
Other Salaries and Wages $1,636,264
1.2%
Assets/Debt
Total Assets $588,201,555
Total Liabilities $3,487,291
Net Assets $584,714,264
Other
Operated a donor-advised fund
Compensation
Key Employees and Officers Compensation Related Other
Scott F Wierman (President (Left 11/30/20)) $250,701 $0 $63,438
Lisa P Purcell (Executive Vice President) $178,145 $0 $32,576
J Todd Slate (Vp, Finance & Administration) $151,405 $0 $31,336
Annette P Lynch (Vp, Philanthropic Services) $137,145 $0 $26,516
Andrea M Hulighan (Director, Strategic Initiatives) $112,769 $0 $31,100
D Patrick Meehan (Director, Information Tech) $106,761 $0 $37,490
Brittney J Gaspari (Vp, Community Investment) $102,438 $0 $44,401
Carolyn O Fulton (Director, Marketing & Communications) $102,350 $0 $33,598
Randall Tuttle (Chair) $0 $0 $0
Evelyn Acree (Treasurer/Committee Mem.) $0 $0 $0
Alison Ashe Card (Secretary/Committee Member) $0 $0 $0
Josh Crane (Committee Member) $0 $0 $0
Joe Crocker (Committee Member) $0 $0 $0
Linda Garrou (Committee Member) $0 $0 $0
Jeff Lindsay (Committee Member) $0 $0 $0
Lucia Marshall (Committee Member) $0 $0 $0
Dr John Mcconnell (Committee Member) $0 $0 $0
Paula Mccoy (Committee Member) $0 $0 $0
Peggy Reingold (Committee Member) $0 $0 $0
Oscar Santos (Committee Member) $0 $0 $0
Allan Younger (Committee Member) $0 $0 $0
Wells Fargo Bank (Trustee) $0 $0 $0
Bank Of America Private Bank (Trustee) $0 $0 $0
Truist (Formerly Bb&T) (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$52,612,576
Expenses
$65,320,482
Net Income
-$12,707,906
Net Assets
$562,224,538
Notable Sources of Revenue Percent of Total Revenue
Contributions $38,478,936
73.1%
Program Services $97,070
0.2%
Investment Income $9,863,238
18.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $4,173,332
7.9%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $859,589
1.3%
Professional Fundraising Fees $0
Other Salaries and Wages $1,553,658
2.4%
Assets/Debt
Total Assets $564,558,427
Total Liabilities $2,333,889
Net Assets $562,224,538
Other
Operated a donor-advised fund
Compensation
Key Employees and Officers Compensation Related Other
Scott F Wierman (President) $265,003 $0 $67,774
Lisa P Purcell (Executive Vice President) $169,555 $0 $30,006
J Todd Slate (Vp, Finance & Administration) $145,675 $0 $28,547
Annette P Lynch (Vp, Philanthropic Services) $129,289 $0 $23,741
D Patrick Meehan (Director, Information Technology) $100,299 $0 $33,590
Brittney J Gaspari (Vp, Community Investment) $100,232 $0 $42,147
Linda Garrou (Chair) $0 $0 $0
Evelyn Acree (Committee Member) $0 $0 $0
Alison Ashe Card (Committee Member) $0 $0 $0
Joe Crocker (Committee Member) $0 $0 $0
Dr Gary Green (Secretary/Committee Mem.) $0 $0 $0
Ray Hand (Committee Member) $0 $0 $0
Jeff Lindsay (Committee Member) $0 $0 $0
Lucia Marshall (Committee Member) $0 $0 $0
Dr John Mcconnell (Treasurer/Committee Mem.) $0 $0 $0
Peggy Reingold (Committee Member) $0 $0 $0
Oscar Santos (Committee Member) $0 $0 $0
Randall Tuttle (Committee Member) $0 $0 $0
R Michael Wells Sr (Committee Member) $0 $0 $0
Wells Fargo Bank (Trustee) $0 $0 $0
Bank Of America Private Bank (Trustee) $0 $0 $0
Bb&T (Now Truist) (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$56,379,865
Expenses
$63,714,388
Net Income
-$7,334,523
Net Assets
$528,661,902
Notable Sources of Revenue Percent of Total Revenue
Contributions $44,494,512
78.9%
Program Services $465,223
0.8%
Investment Income $9,745,960
17.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $1,674,170
3.0%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $827,297
1.3%
Professional Fundraising Fees $0
Other Salaries and Wages $1,579,316
2.5%
Assets/Debt
Total Assets $529,529,018
Total Liabilities $867,116
Net Assets $528,661,902

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$166,801,755
Expenses
$51,558,989
Net Income
$115,242,766
Net Assets
$559,824,784
Notable Sources of Revenue Percent of Total Revenue
Contributions $155,513,276
93.2%
Program Services $53,821
0.0%
Investment Income $6,616,345
4.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $4,365,527
2.6%
Net Inventory Sales $0
Other Revenue $252,786
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $832,648
1.6%
Professional Fundraising Fees $0
Other Salaries and Wages $1,452,852
2.8%
Assets/Debt
Total Assets $560,555,572
Total Liabilities $730,788
Net Assets $559,824,784

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$96,586,447
Expenses
$43,190,146
Net Income
$53,396,301
Net Assets
$411,322,410
Notable Sources of Revenue Percent of Total Revenue
Contributions $87,466,466
90.6%
Program Services $66,627
0.1%
Investment Income $4,946,786
5.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $4,081,562
4.2%
Net Inventory Sales $0
Other Revenue $25,006
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $769,924
1.8%
Professional Fundraising Fees $0
Other Salaries and Wages $1,332,748
3.1%
Assets/Debt
Total Assets $412,158,790
Total Liabilities $836,380
Net Assets $411,322,410

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$44,385,338
Expenses
$30,943,885
Net Income
$13,441,453
Net Assets
$347,204,484
Notable Sources of Revenue Percent of Total Revenue
Contributions $36,679,288
82.6%
Program Services $71,060
0.2%
Investment Income $5,940,516
13.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $1,655,780
3.7%
Net Inventory Sales $0
Other Revenue $38,694
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $750,168
2.4%
Professional Fundraising Fees $0
Other Salaries and Wages $1,245,065
4.0%
Assets/Debt
Total Assets $348,433,630
Total Liabilities $1,229,146
Net Assets $347,204,484

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$42,782,487
Expenses
$28,799,252
Net Income
$13,983,235
Net Assets
$342,001,894
Notable Sources of Revenue Percent of Total Revenue
Contributions $31,434,050
73.5%
Program Services $69,458
0.2%
Investment Income $5,590,569
13.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $5,660,841
13.2%
Net Inventory Sales $0
Other Revenue $27,569
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $711,199
2.5%
Professional Fundraising Fees $0
Other Salaries and Wages $1,104,212
3.8%
Assets/Debt
Total Assets $343,520,896
Total Liabilities $1,519,002
Net Assets $342,001,894

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$46,111,792
Expenses
$24,811,310
Net Income
$21,300,482
Net Assets
$319,089,840
Notable Sources of Revenue Percent of Total Revenue
Contributions $37,245,968
80.8%
Program Services $74,244
0.2%
Investment Income $4,877,049
10.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $3,871,772
8.4%
Net Inventory Sales $0
Other Revenue $42,759
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $686,755
2.8%
Professional Fundraising Fees $0
Other Salaries and Wages $1,134,029
4.6%
Assets/Debt
Total Assets $319,977,330
Total Liabilities $887,490
Net Assets $319,089,840

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$32,878,778
Expenses
$24,089,546
Net Income
$8,789,232
Net Assets
$270,530,809
Notable Sources of Revenue Percent of Total Revenue
Contributions $29,742,196
90.5%
Program Services $74,295
0.2%
Investment Income $3,745,365
11.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$706,141
Net Inventory Sales $0
Other Revenue $23,063
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $673,510
2.8%
Professional Fundraising Fees $0
Other Salaries and Wages $1,104,078
4.6%
Assets/Debt
Total Assets $271,721,304
Total Liabilities $1,190,495
Net Assets $270,530,809

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$46,345,768
Expenses
$23,941,849
Net Income
$22,403,919
Net Assets
$239,947,720
Notable Sources of Revenue Percent of Total Revenue
Contributions $36,188,414
78.1%
Program Services $70,268
0.2%
Investment Income $4,975,066
10.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $5,019,685
10.8%
Net Inventory Sales $0
Other Revenue $92,335
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $638,839
2.7%
Professional Fundraising Fees $0
Other Salaries and Wages $1,090,779
4.6%
Assets/Debt
Total Assets $242,067,009
Total Liabilities $2,119,289
Net Assets $239,947,720

Document Links

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

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

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

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

Fiscal Year Ending Dec.
2006

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

Fiscal Year Ending Dec.
2005

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

Fiscal Year Ending Dec.
2004

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

Fiscal Year Ending Dec.
2003

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

Fiscal Year Ending Dec.
2002

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

Fiscal Year Ending Dec.
2001

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

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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