Forsyth Economic Ventures Inc
In conjunction with the housing authority of winston-salem, to facilitate the organization and administration of innovative projects to provide housing for persons of low and moderate income and improve their quality of life.
Forsyth Economic Ventures Inc at a glance
In short: Forsyth Economic Ventures Inc gave $464K across 1 grant in 2025 (avg $464K), mostly in North Carolina. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $464,010
- Grants made (2025)
- 1
- Average grant
- $464,010
- Median grant
- $464,010
- Total assets
- $5,562,147
- -20.4% vs 2024
- Primary geography
- North Carolina (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Forsyth Economic Ventures Inc funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Housing Authority of Winston Salem ($464K).
Grant Size Distribution
1 grant across all recorded years
The most common grant size was in the $250–500K range: 1 grant of 1 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
In 2025 it made 1 grant totaling $464K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Housing Authority of Winston Salem Winston-Salem, NC | The loewy building was collateral to a line of credit that was in forsyth economic venture's name, sale proceeds were used for the payoff at closing. | $464,010 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $5,562,147 | $1,785,090 | $1,721,066 | $464,010 | 1 | $983,388 |
| 2024 | $6,991,152 | $1,382,226 | $1,765,890 | — | — | $-21,000 |
| 2023 | $7,144,584 | $1,666,695 | $1,512,116 | — | — | $234,363 |
| 2022 | $7,226,365 | $1,405,153 | $1,541,256 | — | — | — |
| 2021 | $6,068,972 | $1,557,619 | $1,267,137 | — | — | — |
| 2020 | $6,064,098 | $1,231,883 | $1,368,248 | — | — | — |
About Forsyth Economic Ventures Inc
Based on IRS filings
Forsyth Economic Ventures Inc is a public charity, based in Winston-Salem, NC. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $5.6M in total assets. In 2025, it awarded 1 grant totaling $464K. Net investment income was $983K.
Leadership & Key People
Officers and directors from IRS filings
Forsyth Economic Ventures Inc is led by Kevin Cheshire, Outgoing CEO since 2025 (on filings since 2020); none of the 14 officers listed in 2025 report compensation.
Officers on the 2025 filing
Kevin Cheshire
Outgoing CEO
Secretary & Treasurer → Outgoing CEO, 2025
On filings since 2020
2 hrs/week
No compensation reported
Theodore Ortiviz
CEO
New on the 2025 filing
2 hrs/week
No compensation reported
Andrew Perkins
Outgoing Chair
Director → Chair, 2021
Chair → Outgoing Chair, 2025
On filings since 2020
2 hrs/week
No compensation reported
William Rose
Chair
Director → Chair, 2025
On filings since 2020
2 hrs/week
No compensation reported
Alfred Adams
Outgoing Director
Director → Outgoing Director, 2025
On filings since 2020
2 hrs/week
No compensation reported
Art Gibel
Director
On filings since 2021
2 hrs/week
No compensation reported
Arthur Dark
Director
On filings since 2021
2 hrs/week
No compensation reported
Felicia Brinson
Director
On filings since 2021
2 hrs/week
No compensation reported
Kathy Stitts
Outgoing Director
Director → Outgoing Director, 2025
On filings since 2021
2 hrs/week
No compensation reported
Vivian Perez Chandler
Director
On filings since 2021
2 hrs/week
No compensation reported
Christopher Leak
Director
New on the 2025 filing
2 hrs/week
No compensation reported
Dawnielle Grace
Director
New on the 2025 filing
2 hrs/week
No compensation reported
Wayne Ellis
Director
New on the 2025 filing
2 hrs/week
No compensation reported
Betsy Annese
Vice Chair
Director → Vice Chair, 2021
On filings since 2020
2 hrs/week
No compensation reported
Former officers (4)
- Former: Arthur King (2020–2021) — Outgoing-Chair
- Former: Evelyn Sanders (2020–2021) — Outgoing-Vice Chair
- Former: Jemmise Bowen (2020–2021) — Outgoing-Director
- Former: Thomas Adams (2020–2021) — Outgoing-Director
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 Forsyth Economic Ventures Inc
How much does Forsyth Economic Ventures Inc give each year?
Forsyth Economic Ventures Inc gave $464K across 1 grant in 2025, according to its 2025 IRS Form 990.
How large is Forsyth Economic Ventures Inc?
Forsyth Economic Ventures Inc reported $5.6M in total assets on its 2025 IRS Form 990. Its revenue that year was $1.8M.
Where does Forsyth Economic Ventures Inc operate?
Forsyth Economic Ventures Inc has awarded grants in North Carolina.
What is Forsyth Economic Ventures Inc's EIN?
Forsyth Economic Ventures Inc's EIN (Employer Identification Number) is 56-1831053. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- Added Form 990 for fiscal year 2025 (received by the IRS August 17, 2026)
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Figures come from Forsyth Economic Ventures Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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