Winston-Salem State University Foundation
Winston-Salem State University Foundation reported $15.6 million in revenue and $14.5 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $88.28 went to program services, $11.29 to management and general costs and $0.43 to fundraising. Its largest source of revenue was contributions and grants: 38.2% of the total. The highest compensation it reported for one person was $235,000 (Executive Director). 2 people received more than $100,000 in reportable compensation. Revenue fell 58% between FY2021 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $15MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $16MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 88.3% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 11.3% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.4% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.01 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 38.2% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 32.2% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $235,000 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.62% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 2 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 62.9 | 13.3 |
| Independent voting board members Part VI 1a–1b | 17 of 17 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseScholarship Assistance to students The Foundation supports students through scholarship assistance and related educational support
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
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…
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| Executive Director Director/trustee, officer, 040.00 hrs/week | $0 | $235,000 | $0 | $235,000 |
| Chief Operating Officer Director/trustee, officer, 040.00 hrs/week | $165,000 | $0 | $0 | $165,000 |
2 people received more than $100,000 in reportable compensation from Winston-Salem State University Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $400K (Part IX, line 5).
5 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b17 · 17 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aNo
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 547
Private foundation grants it received
7 private foundations reported grants to Winston-Salem State University Foundation totaling $56,208 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Winston-Salem State University Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Winston-Salem State University Foundation, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Winston-Salem State University Foundation spent in FY2025, $88.28 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Allegheny County Library AssociationPittsburgh, PA · revenue $16M · programs 97.2% · 2025
- Birmingham PromiseBirmingham, AL · revenue $16M · programs 76.2% · 2024
- Lake View Charter SchoolOrland, CA · revenue $16M · programs 91.4% · FY2025
- Martin de Porres School for Exceptional ChildrenElmont, NY · revenue $16M · programs 87.8% · FY2025
- Chester Charter Scholars AcademyChester, PA · revenue $16M · programs 78.4% · FY2025
All education charities · Largest charities in North Carolina
Questions people ask
How much of Winston-Salem State University Foundation's spending goes to programs?
In the fiscal year ending June 30, 2025, Winston-Salem State University Foundation reported that 88.3% of its $14.5 million in expenses went to program services, 11.3% to management and general and 0.4% to fundraising (Form 990, Part IX).
How much does Winston-Salem State University Foundation pay its top executive?
The largest total compensation Winston-Salem State University Foundation reported for one person in the fiscal year ending June 30, 2025 was $235,000, for the role of Executive Director (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Winston-Salem State University Foundation get its money?
Of $15.6 million in revenue in the fiscal year ending June 30, 2025, 38.2% came from contributions and grants and 32.2% from program service revenue (Form 990, Part VIII).
Is Winston-Salem State University Foundation a registered charity?
The IRS lists EIN 56-0989620 as a 501(c)(3) organization (organization operated for a governmental college or university), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202611339349309531 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202501369349301505 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202411159349301531 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202320469349301037 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202123499349300612 · read the filing
All filings for EIN 56-0989620: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.