Agile City Winston-Salem
- Assets
- $994.2k
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 7
- Location
- Winstonsalem, NC
- Founding
- 04/2017
- Data as of
- 12/2021
- EIN
- 81-4684785
Organization Overview
Agile City Winston-Salem is located in Winstonsalem, NC. The organization was established in 2017. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Agile City Winston-Salem employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Agile City Winston-Salem 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, Agile City Winston-Salem generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 43.6% each year . All expenses for the organization totaled $1.3m during the year ending 12/2021. While expenses have increased by 31.6% per year over the past 5 years. They've been increasing with an increasing level of total revenue. 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 BROADEN, CONNECT, AND SUPPORT THE INNOVATION COMMUNITY THROUGH PUBLIC SPACES AND PROGRAMS TO HELP ANYONE WITH AN IDEA SUCCEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO BROADEN, CONNECT, AND SUPPORT THE INNOVATION COMMUNITY THROUGH PUBLIC SPACES AND PROGRAMS TO HELP ANYONE WITH AN IDEA SUCCEED.
VENTURE WINSTON GRANTS- TO ACCELERATE INNOVATION AND ENTREPRENEURSHIP THROUGH A COMPETITION THAT PROVIDES NON-EQUITY GRANTS AND ECOSYSTEM SUPPORT TO START-UP COMPANIES IN FUTURE-FOCUSED SECTORS, INCLUDING (BUT NOT LIMITED TO) AVIATION, HEALTHCARE TECHNOLOGY, AUGMENTED AND VIRTUAL REALITY, CYBERSECURITY, AND CREATIVE ENTERPRISE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Barnes Executive Di | Officer | 40 | $142,939 |
David Mounts Chair | OfficerTrustee | 1 | $0 |
Allen Joines Secretary | OfficerTrustee | 1 | $0 |
Lindsey Schwab Director | Trustee | 1 | $0 |
Fletcher Steele Director | Trustee | 1 | $0 |
Evan Parsons Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $22,000 |
| Related organizations | $0 |
| Government grants | $538,005 |
| All other contributions, gifts, grants, and similar amounts not included above | $671,100 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,231,105 |
| Total Program Service Revenue | $938,104 |
| 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 | -$24,775 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,144,669 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $50,637 |
| 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. | $166,550 |
| Compensation of current officers, directors, key employees. | $3,331 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $246,928 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $31,508 |
| Payroll taxes | $30,570 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $42,063 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $403,497 |
| Advertising and promotion | $234,719 |
| Office expenses | $6,565 |
| Information technology | $24,124 |
| Royalties | $0 |
| Occupancy | $7,994 |
| Travel | $18,748 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $708 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,443 |
| Insurance | $7,365 |
| All other expenses | $0 |
| Total functional expenses | $1,333,252 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $547,379 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $127,300 |
| Accounts receivable, net | $314,419 |
| 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 | $0 |
| Net Land, buildings, and equipment | $5,144 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $994,242 |
| Accounts payable and accrued expenses | $36,152 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| 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 | $36,152 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $958,090 |
| Total liabilities and net assets/fund balances | $994,242 |
Grants Awarded
Over the last fiscal year, Agile City Winston-Salem has awarded $41,625 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
RENAISSANCE FIBER LLC PURPOSE: OPERATIONS | $30,000 |
ILLUMI LLC PURPOSE: OPERATIONS | $11,625 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Agile City Winston-Salem has recieved totaling $400,000.
| Awarding Organization | Amount |
|---|---|
Ayco Charitable Foundation Cohoes, NY PURPOSE: COMMUNITY & HUMAN SERVICES | $350,000 |
Millennium Fund Winstonsalem, NC PURPOSE: GENERAL SUPPORT FOR START-UP BUSINESS RECRUITMENT | $40,000 |
Winston-Salem Foundation Winstonsalem, NC PURPOSE: 1 GRANT(S) FOR VARYING PURPOSES | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Atlanta Convention & Vistors Bureau Inc Atlanta, GA | $20,280,984 | $17,066,911 |
Memphis Convention And Visitors Bureau Memphis, TN | $38,589,779 | $17,172,027 |
Tennessee Technology Development Corporation Nashville, TN | $18,062,853 | $12,109,273 |
Riverfront Development Corporation Memphis, TN | $39,591,502 | $20,233,137 |
Chattanooga Area Convention And Visitors Bureau Inc Chattanooga, TN | $6,892,228 | $12,124,566 |
Nash-Edgecombe Economic Development Inc Rocky Mount, NC | $2,214,551 | $9,450,498 |
Alexandria Economic Development Partnership Inc Alexandria, VA | $1,919,174 | $9,268,061 |
Richmond Metropolitan Convention & Vistors Bureau Richmond, VA | $6,099,091 | $8,138,093 |
Knoxville Convention & Visitors Bureau Inc Knoxville, TN | $5,768,468 | $5,619,069 |
South Carolina I-77 Alliance Richburg, SC | $4,361,702 | $6,505,378 |
Access To Capital For Entrepreneurs Inc Cleveland, GA | $88,796,114 | $11,013,240 |
Columbia Metropolitan Convention And Visitors Bureau Columbia, SC | $6,376,262 | $4,843,981 |