Downtown Greensboro Foundation

Foundation · Grantmaker Greensboro, NC EIN: 56-2242416

Supports the educational, historical preservation, and other exempt public efforts of downtown greensboro, inc. Which is a nonprofit economic development organization formed to promote and stimulate new investment and interest in the center city area of greensboro, north carolina.

Key facts about Downtown Greensboro Foundation

In short: Downtown Greensboro Foundation gave $592K across 1 grant in 2025 (avg $592K), mostly in North Carolina. Source: 2025 IRS Form 990.

EIN
56-2242416
Latest 990 filing
Form 990, 2025
Annual giving (2025)
$591,667
Grants made (2025)
1
Average grant
$591,667
Median grant
$591,667
Total assets
$1,473,688
Primary geography
North Carolina (100% of itemized 2025 grant dollars)

Data from IRS Form 990, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990 · View filing

Total Assets

$1.5M

+27.6% YoY

Annual Giving

$592K

+109.3% YoY

Grant Count

1

+0.0% YoY

Avg Grant Size

$592K

+109.3% YoY

How Downtown Greensboro Foundation gives

  • Giving grew 35% from 2022 to 2025. Method

From the foundation's IRS Form 990 filings. Methodology.

About Downtown Greensboro Foundation

Based on IRS filings

Downtown Greensboro Foundation is a nonprofit organization focused on Arts, Culture & Humanities, based in Greensboro, NC. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $1.5M in total assets. In 2025, it awarded 1 grant totaling $592K. Net investment income was $16K.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of all 1 itemized 2025 grant dollars.

Cities

Greensboro

Giving Over Time

Total grant dollars and number of grants per year

$0$200K$400K$600K1 grants20201 grants20211 grants20221 grants20231 grants20241 grants2025

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2025

Downtown Greensboro Inc: $592KDowntown Greensboro Inc$592K

Grant Size Distribution

5 grants across all recorded years

<$50K$50–100K$100–250K4$250–500K1$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
DOWNTOWN GREENSBORO INC Greensboro, NCPROGRAM AND EVENT COORDINATION$591,667

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$500K$1M$1.5M202020212022202320242025
Metric202520242023
Total Assets$1,473,688$1,155,163$983,419
Revenue$931,555$669,354$1,064,376
Expenses$879,286$601,063$553,541
Qualifying Distributions———
Net Investment Income$15,716$14,256$4,563
Distributable Amount———

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990 for fiscal year 2020 (received by the IRS May 7, 2021)
  2. Updated Form 990 for fiscal year 2021 (received by the IRS May 11, 2022)
  3. Updated Form 990 for fiscal year 2022 (received by the IRS May 15, 2023)
  4. Added Form 990 for fiscal year 2025 (received by the IRS May 11, 2026)
  5. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

Downtown Greensboro Foundation is led by Zack Matheny, Former President & CEO since 2025 (on filings since 2020); none of the 17 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Zack Matheny

    Former President & CEO

    President & CEO → Former President & CEO, 2025

    On filings since 2020

    2 hrs/week

    No compensation reported

  • Stu Nichols

    Board Chairman

    Board Member → Board Chairman, 2025

    On filings since 2023

    1 hr/week

    No compensation reported

  • Chris Waldeck

    Board Secredary

    Board Member → Board Secredary, 2025

    On filings since 2020

    1 hr/week

    No compensation reported

  • Mark Prince

    Board Executive Committee

    On filings since 2020

    1 hr/week

    No compensation reported

  • Gina Hicks

    Board Executive Committee

    Board Member → Board Executive Committee, 2025

    On filings since 2021

    1 hr/week

    No compensation reported

  • Joy Ross

    CFO

    On filings since 2021

    2 hrs/week

    No compensation reported

  • Kristina Fuller

    Board Member

    On filings since 2023

    1 hr/week

    No compensation reported

  • Lori Poag

    Board Member

    On filings since 2023

    1 hr/week

    No compensation reported

  • Seraj Patel

    Board Treasurer

    Board Member → Board Treasurer, 2025

    On filings since 2023

    1 hr/week

    No compensation reported

  • Arthur Samet

    Board Executive Committee

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • Craig Carlock

    Board Member

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • Dan Eder

    Board Member

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • Derek Carte

    Board Member

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • Kevin Sasser

    Board Member

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • Tiffany Jacobs

    Board Member

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • Trey Davis

    Executive Officio

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • Virginia Freyaldenhoven

    Board Member

    New on the 2025 filing

    1 hr/week

    No compensation reported

Former officers (32)
  • Former: Andy Zimmerman (2020–2024) — Board Chairman
  • Former: Danny Gatling (2020–2024) — Board Member
  • Former: Marsh Prause (2020–2024) — Board Executive Committee
  • Former: Tracey Myers (2020–2024) — Board Past Chair
  • Former: Adrian Smith (2021–2024) — Board Treasurer
  • Former: Damion Moore (2021–2024) — Board Member
  • Former: Leigh Williams (2021–2024) — Board Member
  • Former: Lonnie Cockerham (2021–2024) — Board Member
  • Former: Taiwo Jaiyeaba (2022–2024) — Executive Officio
  • Former: Kimberly Osbourne (2023–2024) — Board Member
  • Former: Mark Brazil (2023–2024) — Board Executive Committee
  • Former: Melissa Greer (2023–2024) — Board Member
  • Former: Sean Reaves (2023–2024) — Board Member
  • Former: Michael Halford (2021–2023) — Board Member
  • Former: Skip Alston (2021–2023) — Board Member
  • Former: Claudell Pressa (2020–2022) — Board Member
  • Former: Jeff Yetter (2020–2022) — Board Past Chair
  • Former: John Lomax (2020–2022) — Board Member
  • Former: Nancy Vaughan (2020–2022) — Board Executive Committee
  • Former: Paul Talley (2020–2022) — Board Member
  • Former: Rhonda Fuller (2020–2022) — Board Member
  • Former: Victoria Carlin-Milstein (2020–2022) — Board Secretary
  • Former: Eden Bloss (2021–2022) — Board Member
  • Former: David Parrish (2020–2021) — Board Executive Committee
  • Former: James Smith (2020) — Board Executive Committee
  • Former: Jeff Phillips (2020) — Board Member
  • Former: Leigh Spencer (2020) — Board Member
  • Former: Marty Lawing (2020) — Board Member
  • Former: Paula Pierce (2020) — Board Immediate Past-Chair
  • Former: Ray Trapp (2020) — Board Member
  • Former: Seth Mapes (2020) — Board Member
  • Former: Sherrie Simpson (2020) — CFO

Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Frequently asked questions about Downtown Greensboro Foundation

How much does Downtown Greensboro Foundation give each year?

Downtown Greensboro Foundation gave $592K across 1 grant in 2025, according to its 2025 IRS Form 990. In 2024 it gave $283K across 1 grant.

How large is Downtown Greensboro Foundation?

Downtown Greensboro Foundation reported $1.5M in total assets on its 2025 IRS Form 990. Its revenue that year was $932K.

What is Downtown Greensboro Foundation?

Downtown Greensboro Foundation is a nonprofit organization focused on Arts, Culture & Humanities, based in Greensboro, NC. It holds $1.5M in total assets as of 2025.

Where does Downtown Greensboro Foundation operate?

Downtown Greensboro Foundation has awarded grants in North Carolina.

What is Downtown Greensboro Foundation's EIN?

Downtown Greensboro Foundation's EIN (Employer Identification Number) is 56-2242416. IRS Form 990 filing data is available on this page for 2020–2025.

Data last updated September 2026. Sourced from IRS Form 990 filings.

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