Winston Salem Police Foundation
- Assets
- $272.4k
- Revenue
- $44.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Winstonsalem, NC
- Founding
- 12/2015
- Data as of
- 12/2021
- EIN
- 47-5289473
Organization Overview
Winston Salem Police Foundation is located in Winstonsalem, NC. The organization was established in 2015. According to its NTEE Classification (I12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Crime & Legal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Winston Salem Police Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Winston Salem Police Foundation generated $44.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (23.8%) each year. All expenses for the organization totaled $81.4k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT ACTIVITIES OF THE WINSTON-SALEM POLICE DEPARTMENT TO IMPROVE PUBLIC SAFETY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM SERVICES EXPENDITURES TO SUPPORT THE WINSTON-SALEM POLICE DEPARTMENT AND OTHER ORGANIZATIONS THAT PROMOTE AND ADVANCE PUBLIC SAFETY INITIATIVES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Justin Gomez President | OfficerTrustee | 5 | $0 |
Amanda Hamlin Treasurer | OfficerTrustee | 5 | $0 |
Scott Somervile Vice President | OfficerTrustee | 5 | $0 |
J Alex Thornton Secretary | OfficerTrustee | 5 | $0 |
Daniel Butner Director | Trustee | 1 | $0 |
Matt Schooler Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $44,688 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $44,688 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $44,688 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,383 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $388 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,561 |
| All other expenses | $0 |
| Total functional expenses | $81,403 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $269,437 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,751 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $198 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $272,386 |
| Accounts payable and accrued expenses | $2,222 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $45,725 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $47,947 |
| Net assets without donor restrictions | $183,118 |
| Net assets with donor restrictions | $41,321 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $272,386 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Winston Salem Police Foundation has recieved totaling $12,500.
| Awarding Organization | Amount |
|---|---|
Truist Foundation Inc Orlando, FL PURPOSE: GENERAL OPERATING | $12,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
South Carolina Bar Foundation Inc Columbia, SC | $13,847,134 | $7,249,403 |
Tennessee Bar Foundation Nashville, TN | $11,655,415 | $1,860,355 |
National Center For Police Defense Inc Fairfax, VA | $156,728 | $1,250,517 |
Irondog K9 International Inc McDonough, GA | $765,128 | $1,651,128 |
Nashville Community Bail Fund Nashville, TN | $1,312,348 | $309,922 |
Greater Richmond Bar Foundation Richmond, VA | $304,120 | $287,963 |
Tennessee Fraternal Order Of Police Charitable Foundation Clarksville, TN | $172,171 | $137,152 |
Winston Salem Police Foundation Winstonsalem, NC | $272,386 | $44,688 |
Georgia Elks Charities Inc Griffin, GA | $586,715 | $148,595 |
Change 4 Georgia Duluth, GA | $8,902 | $0 |
Chesterfield County Police Foundation Inc Chesterfield, VA | $822,935 | $159,372 |
Gastonia Police Foundation Inc Gastonia, NC | $161,678 | $54,627 |