Nonprofit · EIN 45-3814914
WPDA INC
Tax-exempt · WINSTON SALEM, NC 27105
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | -$1,976,745 | $834,298 | -$2,811,043 | $12,948,496 | $606,615 | $12,341,881 |
| December 31, 2023 | 990 | $497,569 | $1,566,859 | -$1,069,290 | $15,304,853 | $605,623 | $14,699,230 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $388,131
- Investment income
- -$2,364,876
- Net gain from sales of assets
- -$2,452,809
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $120,000
- Salaries, compensation and benefits (total)
- $120,000
- Professional fundraising fees
- $0
- Legal fees
- $92,388
- Accounting fees
- $25,821
- Occupancy
- $219,246
- Travel
- $385
- Program services (functional)
- $685,442
- Management and general (functional)
- $148,856
Balance sheet and other
- Total assets, start of year
- $15,304,853
- Total assets, end of year
- $12,948,496
- Total liabilities, end of year
- $606,615
- Net assets, end of year
- $12,341,881
- Net assets without donor restrictions
- $12,341,881
- Gross receipts
- $761,467
- Employees
- 0
- Volunteers
- 14
- Year formed
- 2014
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROBERT E LEAK JR | PRESIDENT Officer | 40 | $120,000 |
| DONALD E FLOW | CHAIRMAN Trustee or director, Officer | 1 | $0 |
| DENISE D ADAMS | DIRECTOR Trustee or director | 1 | $0 |
| JOE BUDD | DIRECTOR Trustee or director | 1 | $0 |
| JIMMY FLYTHE | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL BAUGHAN | DIRECTOR Trustee or director | 1 | $0 |
| J ALLEN JOINES | DIRECTOR Trustee or director | 1 | $0 |
| STAN KELLY | DIRECTOR Trustee or director | 1 | $0 |
| DR DONALD MARTIN | DIRECTOR Trustee or director | 1 | $0 |
| SCOTT SEWELL | DIRECTOR Trustee or director | 1 | $0 |
| JOHN CURRIE | DIRECTOR Trustee or director | 1 | $0 |
| JOHN WHITAKER JR | DIRECTOR Trustee or director | 1 | $0 |
| G WILLIAM JOYNER III | DIRECTOR Trustee or director | 1 | $0 |
| JACQUELINE A TRAVISANO | DIRECTOR Trustee or director | 1 | $0 |
| STEPHEN R BERLIN ESQ | SECRETARY/TREASURER Officer | 1 | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROBERT E LEAK JR | PRESIDENT Officer | 40 | $719,196 |
| DONALD E FLOW | CHAIRMAN Trustee or director, Officer | 0 | $0 |
| DENISE D ADAMS | DIRECTOR Trustee or director | 1 | $0 |
| JOE BUDD | DIRECTOR Trustee or director | 1 | $0 |
| JIMMY FLYTHE | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL BAUGHAN | DIRECTOR Trustee or director | 1 | $0 |
| J ALLEN JOINES | DIRECTOR Trustee or director | 1 | $0 |
| STAN KELLY | DIRECTOR Trustee or director | 1 | $0 |
| DR DONALD MARTIN | DIRECTOR Trustee or director | 1 | $0 |
| SCOTT SEWELL | DIRECTOR Trustee or director | 1 | $0 |
| JOHN CURRIE | DIRECTOR Trustee or director | 1 | $0 |
| JOHN WHITAKER JR | DIRECTOR Trustee or director | 1 | $0 |
| G WILLIAM JOYNER III | DIRECTOR Trustee or director | 1 | $0 |
| RICK KING | DIRECTOR Trustee or director | 1 | $0 |
| JACQUELINE A TRAVISANO | DIRECTOR Trustee or director | 1 | $0 |
| STEPHEN R BERLIN ESQ | SECRETARY/TREASURER Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 95 W 32ND ST, WINSTON SALEM, NC 27105-3615
- In care of
- % ROBERT LEAK
- Mailing address (990-N for 2014)
- 1080 West Fourth Street, WinstonSalem NC 27101
- Principal officer (990 for 2024)
- ROBERT E LEAK JR, 1080 W FOURTH STREET, WINSTONSALEM, NC 27101
- Principal officer (990-N for 2014)
- Robert Leak, 1080 West Fourth Street, WinstonSalem NC 27101
- Signed the 990
- ROBERT E LEAK JR, PRESIDENT
- Phone
- (336) 723-8955
- Return prepared by
- BERNARD ROBINSON & COMPANY LLP
Mission
THE ORGANIZATION SEEKS TO FOSTER MEANINGFUL JOB GROWTH, LESSEN THE BURDENS OF THE GOVERNMENTS OF WINSTON-SALEM AND FORSYTH COUNTY BY PREVENTING ECONOMIC DETERIORATION OF AN AT-RISK AREA, AND SUPPORT THE MISSION OF LOCAL EDUCATIONAL INSTITUTIONS BY PROVIDING ACCESS TO EDUCATION AND RESEARCH FACILITIES.
Program accomplishments
- ACQUIRE CERTAIN LAND, BUILDINGS AND IMPROVEMENTS IN THE WHITAKER PARK FORMER TOBACCO MANUFACTURING FACILITY AND CERTAIN SURROUNDING PROPERTIES AND TO REUSE AND REDEVELOP SUCH PROPERTY TO INCLUDE RESEARCH AND LABORATORY SPACE, FACILITIES FOR ADVANCED MANUFACTURING, DISTRIBUTION AND EDUCATION AND MULTI-FAMILY RESIDENTIAL AND OTHER COMPONENTS.Expenses $685,442 · revenue $388,131
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 45-3814914
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2012
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $12,948,496
- Income (IRS master file)
- $761,467
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | -$1,976,745 | $834,298 | $12,948,496 | XML |
| 990 | December 2023 | $497,569 | $1,566,859 | $15,304,853 | XML |
| 990 | December 2022 | $83,719 | $1,879,114 | $16,592,896 | IRS |
| 990 | December 2021 | -$4,636,789 | $1,574,273 | $18,733,846 | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2014 Officer: Robert Leak | December 31, 2014 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 45-3814914).
Questions about WPDA INC
- What is the EIN of WPDA INC?
- The employer identification number (EIN) of WPDA INC is 45-3814914.
- Is WPDA INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2012.
- Are donations to WPDA INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WPDA INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of WPDA INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WPDA INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of WPDA INC?
- The 990 for the year ended December 31, 2024 names ROBERT E LEAK JR.
- Who are the officers and directors of WPDA INC?
- The 990 for the year ended December 31, 2024 lists 15 people; 1 received compensation from the organization, the highest $120,000 (ROBERT E LEAK JR, PRESIDENT).
- How much revenue does WPDA INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of -$1,976,745, expenses of $834,298 and total assets of $12,948,496 at year end.
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All nonprofits in WINSTON SALEM · North Carolina · Community improvement and capacity building