Greater Winston-Salem Development Corp logo

Greater Winston-Salem Development Corp

Public charity · Grantmaker Winston-Salem, NC EIN: 51-0436665 Website

To recruit new businesses to winston-salem and Forsyth county in order to facilitate growth and economic diversification in the area.

Key facts about Greater Winston-Salem Development Corp

In short: Greater Winston-Salem Development Corp gave $122K across 6 grants in 2024 (avg $20K), mostly in North Carolina. Source: 2024 IRS Form 990.

EIN
51-0436665
Latest 990 filing
Form 990, 2024
Annual giving (2024)
$122,000
Grants made (2024)
6
Average grant
$20,333
Median grant
$12,000
Total assets
$2,110,610
Primary geography
North Carolina (100% of itemized 2024 grant dollars)

Data from IRS Form 990, 2024; updated September 2026.

Financial Overview

From 2024 IRS Form 990 · View filing

Total Assets

$2.1M

-0.2% YoY

Annual Giving

$122K

+144.0% YoY

Grant Count

6

+500.0% YoY

Avg Grant Size

$20K

-59.3% YoY

About Greater Winston-Salem Development Corp

Based on IRS filings

Greater Winston-Salem Development Corp is a public charity focused on Community Improvement & Capacity Building, based in Winston-Salem, NC. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $2.1M in total assets. In 2024, it awarded 6 grants totaling $122K. Net investment income was $69K.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of 2024 grant dollars across all 6 itemized grants.

Cities

Winston-Salem

Giving Over Time

Total grant dollars and number of grants per year

$0$50K$100K$150K0 grants2019 0 grants2020 0 grants2021 0 grants2022 1 grant2023 6 grants2024

From 2023 to 2024, annual grant giving ranged from $50K (2023) to $122K (2024). In 2024 it made 6 grants totaling $122K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 6 recipients in 2024

Greater Winston-Salem Inc: $59KGreater Winston-Salem Inc$59KGoler Community Development Corpora: $25KGoler Community DevelopmentCorpora$25KWinston Starts: $15KWinston Starts$15KCommunidad Mujer Valiosa: $9KCommunidad Mujer Valiosa$9KSG Atkins Community Development Cor: $8KSG Atkins CommunityDevelopment Cor$8KFlywheel Foundation: $6KFlywheel Foundation$6K

The largest 2024 recipient was Greater Winston-Salem Inc ($59K). Together the top 6 received $122K.

Grant Size Distribution

7 grants across all recorded years

5<$50K2$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 5 grants of 7 (71%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Greater Winston-Salem Inc Winston-Salem, NCEntrepreneurial$59,300
Goler Community Development Corpora Winston-Salem, NCEntrepreneurial$25,000
Winston Starts Winston-Salem, NCEntrepreneurial$15,000
Communidad Mujer Valiosa Winston-Salem, NCEntrepreneurial$9,000
SG Atkins Community Development Cor Winston-Salem, NCEntrepreneurial$7,500
Flywheel Foundation Winston-Salem, NCEntrepreneurial$6,200

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Net Investment Income
$0$500K$1M$1.5M$2M2019 2020 2021 2022 2023 2024
Metric202420232022
Total Assets$2,110,610$2,114,188$1,389,916
Revenue$818,444$1,620,487$791,137
Expenses$1,028,564$909,476$808,007
Net Investment Income$68,698$66,266$15,942

Data update history

When this profile's IRS filing data changed on Grantable

  1. Added Form 990 for fiscal year 2019 (received by the IRS May 11, 2020)
  2. Updated Form 990 for fiscal year 2023 (received by the IRS October 22, 2024)
  3. Updated Form 990 for fiscal year 2024 (received by the IRS November 17, 2025)
  4. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

Greater Winston-Salem Development Corp is led by Mark Owens, President on every filing since 2020; none of the 12 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • Mark Owens

    President

    On filings since 2020

    16 hrs/week

    $93K (2020) → $0 (2024)

  • Cathy Pace

    Chair

    Vice Chair → Chair, 2023

    On filings since 2020

    1 hr/week

    No compensation reported

  • Elwood Robinson

    Trustee

    Director → Trustee, 2023

    On filings since 2019

    1 hr/week

    No compensation reported

  • David Neill

    Trustee

    Chair → Trustee, 2024

    On filings since 2020

    1 hr/week

    No compensation reported

  • Mamie Sutphin

    Trustee

    On filings since 2021

    1 hr/week

    No compensation reported

  • Steve Lineberger

    Trustee

    On filings since 2021

    1 hr/week

    No compensation reported

  • Coleman Team

    Trustee

    On filings since 2023

    1 hr/week

    No compensation reported

  • Sam Metzler

    Trustee

    On filings since 2023

    1 hr/week

    No compensation reported

  • Nick Reed

    CFO

    Chief Financial Officer → CFO, 2021

    On filings since 2020

    12 hrs/week

    $39K (2020) → $0 (2024)

  • Janet N. Spriggs

    Secretary

    Director → Secretary, 2021

    On filings since 2019

    1 hr/week

    No compensation reported

  • Mike Lancaster

    Chair Elect

    Director → Chair Elect, 2023

    On filings since 2019

    1 hr/week

    No compensation reported

  • Aprille Bell

    Treasurer

    On filings since 2023

    1 hr/week

    No compensation reported

Former officers (28)
  • Former: Todd Hall (2019–2023) — Trustee
  • Former: Laura Lee (2021–2023) — Senior Vice President of Econo
  • Former: John Davenport (2020–2022) — Treasurer
  • Former: Jeff Lindsay (2019–2021) — Trustee
  • Former: Cantey Alexander (2019–2020) — Chair
  • Former: Donald E. Flow (2019–2020) — Director
  • Former: G. William Joyner III (2019–2020) — Director
  • Former: J. Allen Joines (2019–2020) — Director
  • Former: Jerry Cook (2019–2020) — Director
  • Former: Jimmy Flythe (2019–2020) — Past Chairman
  • Former: Jonathan Chase (2019–2020) — Director
  • Former: Julie A. Freischlag MD (2019–2020) — Director
  • Former: Kenneth Basch (2019–2020) — Director
  • Former: Leigh C. Bagley (2019–2020) — Director
  • Former: Robert E. Leak Jr. (2019–2020) — President
  • Former: Robert Egleston (2019–2020) — Director
  • Former: Scott Sewell (2019–2020) — Secretary
  • Former: Stephen C. Koelsch (2019–2020) — Vice Chairman
  • Former: Ted Kaplan (2019–2020) — Director
  • Former: Trent Jernigan (2019–2020) — Director
  • Former: Hap Royster (2019) — Director
  • Former: John Tripp S. Wilson III (2019) — Director
  • Former: Ken Walker (2019) — Director
  • Former: Lisa Venable (2019) — Director
  • Former: Michael Rogers (2019) — Director
  • Former: Michael Suggs (2019) — Director
  • Former: Rob Welch (2019) — Director
  • Former: Wrenn Wells (2019) — Director

Data from IRS Form 990 filings, 2019–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2020 IRS filing

Robert E Leak Jr — (President End. 4/1/20): $497KRobert E Leak Jr(President End. 4/1/20)$497KMark Owens — (President/CEO Beg. 4/1/20): $93KMark Owens(President/CEO Beg. 4/1/20)$93KNick Reed — Chief Financial Officer (Beg. 4/1/20): $39KNick ReedChief Financial Officer (Beg.…$39K

The highest reported compensation on the 2020 filing was $497K, to Robert E Leak Jr ((President End. 4/1/20)). 3 officers or directors reported compensation on that filing.

Frequently asked questions about Greater Winston-Salem Development Corp

How much does Greater Winston-Salem Development Corp give each year?

Greater Winston-Salem Development Corp gave $122K across 6 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $50K across 1 grant.

What is Greater Winston-Salem Development Corp's typical grant size?

Greater Winston-Salem Development Corp's median grant in 2024 was $12,000, and its average grant was $20,333, across 6 grants on its 2024 IRS Form 990.

Where does Greater Winston-Salem Development Corp give grants?

Greater Winston-Salem Development Corp gives mostly in North Carolina: 100% of the grant dollars itemized on its 2024 IRS Form 990 went to recipients there. The most frequent recipient cities were Winston-Salem, NC (6 grants).

Does Greater Winston-Salem Development Corp give general operating support?

Not in 2024: none of the 6 grants with a stated purpose on Greater Winston-Salem Development Corp's 2024 IRS Form 990 were described as general or operating support. Recurring purposes include "Entrepreneurial" (6 grants).

Who are Greater Winston-Salem Development Corp's largest grantees?

Greater Winston-Salem Development Corp's largest 2024 grantees include Greater Winston-Salem Inc ($59,300), Goler Community Development Corpora ($25,000) and Winston Starts ($15,000), according to its 2024 IRS Form 990. Together they received 81% of its itemized 2024 grant dollars.

How large is Greater Winston-Salem Development Corp?

Greater Winston-Salem Development Corp reported $2.1M in total assets on its 2024 IRS Form 990. Its revenue that year was $818K.

What is Greater Winston-Salem Development Corp?

Greater Winston-Salem Development Corp is a public charity focused on Community Improvement & Capacity Building, based in Winston-Salem, NC. It holds $2.1M in total assets as of 2024.

What is Greater Winston-Salem Development Corp's EIN?

Greater Winston-Salem Development Corp's EIN (Employer Identification Number) is 51-0436665. IRS Form 990 filing data is available on this page for 2019–2024.

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

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