Hustle Winston Salem is located in Winstonsalem, NC. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hustle 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
HUSTLE WINSTON-SALEM WORKS TO GROW THE ECONOMY BY ACCELERATING UNDER-REPRESENTED ENTREPRENEURS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BLACK WALL STREET FORWARD INITIATIVE - MODELED ON THE PILLARS THAT MADE THE ORIGINAL BLACK WALL STREET SUCCESSFUL, AND AIMS TO CONTINUE THE LEGACY OF THIS VIBRANT WORK BY SUPPORTING AND CATALYZING LOCAL LEADERS, BLACK BUSINESS OWNERS, AND CHAMPIONS. BLACK-OWNED TABLE TALK - HOSTED IN PARTNERSHIP WITH THE WAKE FOREST CENTER FOR PRIVATE BUSINESS. IT AIMS TO AMPLIFY AND EMPOWER BLACK BUSINESS OWNERS FACING ADDITIONAL HURDLES AND ALLOWS THE COMMUNITY TO HEAR FIRST-HAND FROM OTHER ENTREPRENEURS WHO SHARE A SIMILAR PATH. 2023 TOPICS FOCUSED ON THE MENTAL HEALTH OF BLACK ENTREPRENEURS.CONTINUED ON SCHEDULE OFOR THE CULTURE - FACILITATES COMMUNITY CONVERSATIONS AND CONNECTIONS AS IT IS IMPERATIVE TO SHOW THE COMMUNITY THAT BLACK PEOPLE AND BLACK-LED ORGANIZATIONS ARE EXCEPTIONAL. THESE CONVERSATIONS STRIVE TO INSPIRE THE COMMUNITY TO SUPPORT, ENCOURAGE, UPLIFT, AND PROTECT AFRICAN AMERICAN CULTURE.POW"HER"FUL LUNCH - A SPORADIC LUNCHEON EVENT WITH AN OPEN INVITATION FOR ALL PROFESSIONAL WOMEN TO COME, NETWORK, AND BE EMPOW"HER"ED.WOMENPRENEUR WEDNESDAY - PROVIDING A FREE AND SUPPORTIVE ENVIRONMENT WHERE WOMEN ENTREPRENEURS CAN CONNECT, COLLABORATE, AND GROW. THE INTENT IS TO SHAPE AN ATMOSPHERE WHERE WOMEN ARE FREE TO BE THEMSELVES, LEARN NEW THINGS, AND SHARE THEIR GIFTS WITH ONE ANOTHER.HUSTLE NIGHT - A SPORADIC GATHERING TO ENHANCE INCLUSIVE ENTREPRENEURSHIP WITH AN EVENING OF NETWORKING, IMPACT LEARNING, AND COMMUNITY-BUILDING. WE GATHER FOR A HUSTLE STORY, AN INNOVATION SPRINT, OR AN INTERACTIVE WORKSHOP ON A RELEVANT BUSINESS TOPIC.COFFEE + CONVERSATIONS - A PROGRAM FOCUSED IN GREENSBORO TO OPEN THE FLOOR FOR LOCAL MARGINALIZED ENTREPRENEURS TO SPEAK THEIR EXPERIENCES, NETWORK, AND CONNECT WITH LOCAL RESOURCES.HUSTLE@THE HUB - PROGRAMMING PARTNERSHIP WITH FAYETTEVILLE ENTREPRENEUR AND BUSINESS HUB. ONCE A MONTH, EITHER IN PERSON OR VIRTUALLY, HUSTLE EDUCATED AND INTERACTED WITH LOCAL MARGINALIZED ENTREPRENEURS AND BUSINESS OWNERS. HUSTLE FACILITATED SESSIONS CONSISTING OF VARIOUS MARKETING TOPICS AS WELL AS BUSINESS CAPACITY AND FINANCE.MARKETING OUTSIDE THE BOX - UNDERGOING A REVAMP FROM A CONSISTENT EDUCATIONAL PROGRAM TO HIGH-IMPACT SERVICE OFFERINGSPAPER CHA$ER - INTERACTIVE WORKSHOPS FOCUSED ON CASH FLOW MODELS, FINANCIAL PROJECTIONS & FORECASTS, AND BASIC BOOKKEEPING & BUDGETING FOR BUSINESS. REFRESHMENTS PROVIDED. LAPTOP REQUIRED.STARTUP STUDY HALL - A CURATED TIME ONCE A MONTH WHERE ENTREPRENEURS AND BUSINESS OWNERS CAN FOCUS ON THEIR BUSINESS INSTEAD OF WORKING IN THEIR BUSINESS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Janet Carlson Board Member | Trustee | 1 | $0 |
Jonathan Matthew Williams Board Member | Trustee | 1 | $0 |
Kellie Easton Chair | OfficerTrustee | 1 | $0 |
Lea Metz Board Member | Trustee | 1 | $0 |
Allan Younger Vice Chair | OfficerTrustee | 1 | $0 |
Daryl Shaw Board Member | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $10,000 |
All other contributions, gifts, grants, and similar amounts not included above | $102,380 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $112,380 |
Total Program Service Revenue | $8,054 |
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 | $120,434 |
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. | $33,333 |
Compensation of current officers, directors, key employees. | $18,333 |
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 | $1,631 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $76,800 |
Advertising and promotion | $7,000 |
Office expenses | $264 |
Information technology | $2,862 |
Royalties | $0 |
Occupancy | $0 |
Travel | $722 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $2,087 |
Interest | $336 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $139,913 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $40,009 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
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 | $117 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $40,126 |
Accounts payable and accrued expenses | $435 |
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 | $6,500 |
Other liabilities | $0 |
Total liabilities | $6,935 |
Net assets without donor restrictions | $33,191 |
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 | $0 |
Total liabilities and net assets/fund balances | $40,126 |