NonprofitsWinston-Salem State University Foundation Incorporated

Education

Winston-Salem State University Foundation Incorporated

WINSTON SALEM, NC

Total revenue

$9.0M

Total expenses

$12.6M

Net assets

$70.7M

Grants received

$35.7M

95 grants

EIN

560989620

Tax year

2023

Mission

To provide financial support to the students and faculty of Winston-Salem State University.

Programs

2 programs

Student/Faculty Special Assistance The Foundation extended its support to various campus programs and initiatives, including the university choir, the Red Sea of Sound marching band, and the athletics department, which encompasses golf, basketball, football, volleyball, and cheerleading. Furthermore, it contributed to AI training and development, as well as technological advancements. Additionally, the foundation supported international programs aimed at enhancing study abroad opportunities for faculty and staff, fostering student leadership development, and providing career services.

Expenses: $7.2M

Operational and Program Support The Foundation has successfully enhanced operational efficiency and effectiveness by utilizing administrative fees and contract services, which have allowed for improved resource management, regulatory compliance, and mission execution. Additionally, alumni engagement has been significantly strengthened through events and entertainment designed to foster connections and encourage ongoing support for the university. Furthermore, the foundation has actively supported university activities and initiatives by covering expenses related to meals, travel, lodging, and other costs associated with faculty development, student recruitment, and special projects.

Expenses: $823K

Financials

FY 2023

Revenue

Contributions & grants$4.9M
Program service revenue$988K
Investment income$117K
Other revenue$3.0M
Total revenue$9.0M

Expenses

Grants paid$1.5M
Salaries & benefits$278K
Fundraising$178
Other expenses$10.8M
Total expenses$12.6M
Total assets$97.9M
Net assets$70.7M

People

19 listed

NameRoleCompensation

Dr LaTanya D Afolayan

Executive Director

Board

$198K

5 hrs/wk

Ms Kristie Swink Benson

Director

Board

1 hrs/wk

Dr Tamara Holmes Brothers

Director

Board

1 hrs/wk

Ms Nicole Carr

Director

Board

1 hrs/wk

Mr Marcus Cox

Chair

Board

1 hrs/wk

Mr Barry Eisenberg

Director

Board

1 hrs/wk

Dr Siobahn Day Grady

Secretary

Board

1 hrs/wk

Ms Sharon Jeffries-Jones

Director

Board

1 hrs/wk

Mr Jonathan Lindsay

Director

Board

1 hrs/wk

Ms Candrice T Oliver

Director

Board

1 hrs/wk

The Honorable Camille Banks-Prince

Director

Board

1 hrs/wk

Dr Anthony Graham

Director

Board

1 hrs/wk

Dr Eric J Sadler

Director

Board

1 hrs/wk

Dr Clayton A Scott

Director

Board

1 hrs/wk

Ms Crystal Thompkins

Vice Chair

Board

1 hrs/wk

Mr Tres J Vance

Director

Board

1 hrs/wk

Mr Brian Vannoy

Treasurer

Board

1 hrs/wk

Mr Christopher Wilson

Director

Board

1 hrs/wk

Mr Mo Wright

Director

Board

1 hrs/wk

Grants received

Showing 95 of 95

FromAmountPurposeYear
$381K
37 grant(s) for varying purposes
2024
$49K
PROJECT SUPPORT FOR RENEWAL OF RESPONSIBLE COMPUTING CHALLENGE.
2024
$25K
General Grant
2024
$14K
FOR RECIPIENT'S EXEMPT PURPOSE
2024
$10K
RESEARCH
2024
$738K
41 grant(s) for varying purposes
2023
$534K
For grant recipient's exempt purposes
2023
$150K
PROJECT SUPPORT FOR INTEGRATING RESPONSIBLE COMPUTING AND ETHICS.
2023
$13K
CHARITABLE GIFT
2023
$10K
RESEARCH
2023
$4K
MATCHING GIFTS
2023
$1K
EMPLOYEE GIVING PROGRAM
2023
$308
EMPLOYEE GIVING PROGRAM
2023
$100
EMPLOYEE GIVING PROGRAM
2023
$100
EMPLOYEE GIVING PROGRAM
2023
$100
EMPLOYEE GIVING PROGRAM
2023
$100
EMPLOYEE GIVING PROGRAM
2023
$100
EMPLOYEE GIVING PROGRAM
2023
$50
OTHER CIVIC / COMMUNITY
2023
$50
OTHER CIVIC / COMMUNITY
2023
$50
OTHER CIVIC / COMMUNITY
2023
$25
GENERAL OPERATING SUPPORT
2023
$507K
41 GRANT(S) FOR VARYING PURPOSES
2022
$63K
AMERICORPS AND PRIVATE FUNDS TO SUPPORT JUMPSTART PROGRAMMING
2022
$26K
GENERAL SUPPORT
2022
$25K
COMMUNITY OUTREACH
2022
$25K
CHARITABLE GIFT
2022
$25K
RESTRICTED - THE CENTER FOR THE STUDY OF ECONOMIC MOBILITY
2022
$15K
RESTRICTED - CENTER FOR THE STUDY OF ECONOMIC MOBILITY RESEARCH FELLOWS PROGRAM
2022
$6K
HIGHER EDUCATION
2022
$5K
MATCHING GIFTS
2022
$600
MIP PAYOUT FOR 05/04/2022
2022
$308
CHARITABLE ACTIVITIES
2022
$110
MIP PAYOUT FOR 02/07/2022
2022
$100
MATCHING GIFTS TO EDUCATION
2022
$100
EMPLOYEE GIVING PROGRAM
2022
$50
MIP PAYOUT FOR 07/05/2022
2022
$64K
AMERICORPS AND PRIVATE FUNDS TO SUPPORT JUMPSTART PROGRAMMING
2021
$31K
EDUCATION SCHOLARSHIP
2021
$5K
TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION
2021
$500
OPERATIONAL SUPPORT
2021
$256
GENERAL OPERATING SUPPORT
2021
$30.0M
EDUCATION
2020
$1.3M
38 GRANT(S) FOR VARYING PURPOSES
2020
$65K
COMMUNITY HEALTH
2020
$20K
ISLAND CULTUREZ PROJECT
2020
$12K
GENERAL CHARITABLE OPERATIONS
2020
$12K
WORKFORCE DEVELOPMENT
2020
$7K
EDUCATION
2020
$5K
SCHOLARSHIPS
2020
$5K
UNRESTRICTED GENERAL
2020
$4K
CHARITABLE ACTIVITIES
2020
$3K
PROGRAM SUPPORT
2020
$3K
PROGRAM SUPPORT
2020
$600
EMPLOYEE MATCHING GIFTS
2020
$554
GENERAL PURPOSE
2020
$55
MIP PAYOUT FOR 07/14/20
2020
$50
MIP PAYOUT FOR 11/09/20
2020
$50
EMPLOYEE GIVING PROGRAM
2020
$65K
COMMUNITY HEALTH
2019
$40K
For grant recipient's exempt purposes
2019
$20K
COMMUNITY SUPPORT
2019
$17K
SUB CONTRACT
2019
$11K
COLLEGES AND UNIVERSITIES
2019
$10K
Education
2019
$13K
EDUCATION SCHOLARSHIP
2018
$6K
For grant recipient's exempt purposes
2018
$116K
SCHOLARSHIP FUNDS
2017

Funded by

$35.7M from 45 funders · 95 grants · 2017–2024

National Philanthropic Trust

$30.0M · 1 grant · 2020

The Winston-Salem Foundation

$3.0M · 4 grants · 2020–2024

Fidelity Investments Charitable Gift Fund

$580K · 3 grants · 2018–2023

Central Intercollegiate Athletic Assoc

$291K · 6 grants · 2017–2023

Donor Advised Charitable Giving Inc

$278K · 5 grants · 2019–2023

American Online Giving Foundation Inc

$208K · 5 grants · 2020–2024

Mozilla Foundation

$199K · 2 grants · 2023–2024

Details

EIN560989620
NTEE codeB110
Subsection03
Ruling date1972-03
Formed1970
Employees0
WINSTON-SALEM STATE UNIVERSITY FOUNDATION INCORPORATED — Mission, Financials & Grants Received | Grantivo