Nonprofit · EIN 56-0989620
WINSTON-SALEM STATE UNIVERSITY FOUNDATION INCORPORATED
Also known as CLEANLY CLEANING SERVICE
Tax-exempt · WINSTON SALEM, NC 27110
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $15,611,421 | $14,542,859 | $1,068,562 | $105,317,585 | $29,112,848 | $76,204,737 |
| June 30, 2024 | 990 | $9,030,501 | $12,601,251 | -$3,570,750 | $97,879,162 | $27,204,479 | $70,674,683 |
| June 30, 2023 | 990 | $8,698,843 | $8,377,370 | $321,473 | $98,940,013 | $31,757,132 | $67,182,881 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $5,959,216
- Program service revenue
- $5,019,332
- Investment income
- $1,334,062
- Other revenue
- $3,298,811
Expenses
- Grants and similar amounts paid
- $1,165,097
- Compensation of officers, directors and key employees
- $400,000
- Other salaries and wages
- $142,896
- Salaries, compensation and benefits (total)
- $542,896
- Professional fundraising fees
- $0
- Occupancy
- $138,660
- Travel
- $287,730
- Depreciation
- $202,771
- Program services (functional)
- $12,839,110
- Management and general (functional)
- $1,641,800
- Fundraising (functional)
- $61,949
Balance sheet and other
- Total assets, start of year
- $97,879,162
- Total assets, end of year
- $105,317,585
- Total liabilities, end of year
- $29,112,848
- Net assets, end of year
- $76,204,737
- Land, buildings and equipment
- $13,695,474
- Net assets without donor restrictions
- $34,795,046
- Net assets with donor restrictions
- $41,409,691
- Gross receipts
- $15,611,421
- Employees
- 47
- Year formed
- 1970
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| Mr Kevan Turman | Executive Director Trustee or director, Officer | 40 | $0 | $235,000 |
| Mr Alfredo Aguilar | Chief Operating Officer Trustee or director, Officer | 40 | $165,000 | $0 |
| Ms Kristie Swink Benson | Director Trustee or director | 1 | $0 | $0 |
| Dr Tamara Holmes Brothers | Vice Chair Trustee or director, Officer | 1 | $0 | $0 |
| Ms Nicole Carr | Director Trustee or director | 1 | $0 | $0 |
| Mr Marcus Cox | Chair Trustee or director | 1 | $0 | $0 |
| Dr Siobahn Day Grady | Secretary Trustee or director | 1 | $0 | $0 |
| Mr Jonathan Lindsay | Director Trustee or director | 1 | $0 | $0 |
| Ms Candrice T Oliver | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| The Honorable Camille Banks-Prince | Director Trustee or director | 1 | $0 | $0 |
| Mr Tres J Vance | Director Trustee or director | 1 | $0 | $0 |
| Mr Christopher Wilson | Director Trustee or director | 1 | $0 | $0 |
| Mr Mo Wright | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Dr Bonita Brown | Director Trustee or director | 1 | $0 | $0 |
| Mr Terry Griffin | Director Trustee or director | 1 | $0 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Dr Monty Hickman | Director Trustee or director | 1 | $0 |
| Mr Harold Respass | Director Trustee or director | 1 | $0 |
| Mr Robert Stephens | Director Trustee or director | 1 | $0 |
| Dr Bernard Roper | Director Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 19 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Dr LaTanya D Afolayan | Executive Director Officer | 5 | $197,505 | $12,956 |
| Ms Kristie Swink Benson | Director Trustee or director | 1 | $0 | $0 |
| Dr Tamara Holmes Brothers | Director Trustee or director | 1 | $0 | $0 |
| Ms Nicole Carr | Director Trustee or director | 1 | $0 | $0 |
| Mr Marcus Cox | Chair Trustee or director | 1 | $0 | $0 |
| Mr Barry Eisenberg | Director Trustee or director | 1 | $0 | $0 |
| Dr Siobahn Day Grady | Secretary Trustee or director | 1 | $0 | $0 |
| Ms Sharon Jeffries-Jones | Director Trustee or director | 1 | $0 | $0 |
| Mr Jonathan Lindsay | Director Trustee or director | 1 | $0 | $0 |
| Ms Candrice T Oliver | Director Trustee or director | 1 | $0 | $0 |
| The Honorable Camille Banks-Prince | Director Trustee or director | 1 | $0 | $0 |
| Dr Anthony Graham | Director Trustee or director | 1 | $0 | $0 |
| Dr Eric J Sadler | Director Trustee or director | 1 | $0 | $0 |
| Dr Clayton A Scott | Director Trustee or director | 1 | $0 | $0 |
| Ms Crystal Thompkins | Vice Chair Trustee or director | 1 | $0 | $0 |
| Mr Tres J Vance | Director Trustee or director | 1 | $0 | $0 |
| Mr Brian Vannoy | Treasurer Trustee or director | 1 | $0 | $0 |
| Mr Christopher Wilson | Director Trustee or director | 1 | $0 | $0 |
| Mr Mo Wright | Director Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 23 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| GORDON SLADE | FINANCE DIRE Highest-paid employee | 40 | $120,407 | $6,501 |
| DR LATANYA D AFOLAYAN | EXECUTIVE DI Officer | 5 | $0 | $0 |
| KRISTIE BENSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TAMARA BROTHERS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NICOLE CARR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BARRY EISENBERG | DIRECTOR Trustee or director | 1 | $0 | $0 |
| AYANNA FERGUSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DR ALEX JOHNSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SHARON JEFFRIES-JONES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JONATHAN LINDSAY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CANDRICE OLIVER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| THE HONORABLE CAMILLE BANKS-PRINCE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DR ELWOOD ROBINSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DR ERIC SADLER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DR CLAYTON SCOTT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TRES VANCE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LYNNE WALKER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHRISTOPHER WILSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MO WRIGHT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARCUS COX | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| CRYSTAL THOMPKINS | VICE-CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| BRIAN VANNOY | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| DR SIOBAHN GRADY | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 601 S MARTIN LUTHER KING JR DR, WINSTON SALEM, NC 27110-0003
- In care of
- % GORDON SLADE
- Principal officer (990 for 2024)
- Kevan Turman, Campus Box 19537 No 304, Winston Salem, NC 27110
- Signed the 990
- Kevan Turman, Vice ChancellorExecutive Director
- Phone
- (336) 750-3005
- Return prepared by
- Murphy and Company PC
Mission
To provide financial support to the students and faculty of Winston-Salem State University.
Program accomplishments
- Scholarship Assistance to students The Foundation supports students through scholarship assistance and related educational support.Expenses $1,165,097 · grants $1,165,097
- 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.Expenses $7,340,360 · revenue $5,019,332
- 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 other costs associated with faculty development, student recruitment, and special projects.Expenses $1,623,923
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 56-0989620
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Organization supporting a government college or university
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1972
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B110)
- Assets (IRS master file)
- $105,317,585
- Income (IRS master file)
- $15,611,421
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $15,611,421 | $14,542,859 | $105,317,585 | IRS |
| 990 | June 2024 | $9,030,501 | $12,601,251 | $97,879,162 | IRS |
| 990 | June 2023 | $8,698,843 | $8,377,370 | $98,940,013 | XML |
| 990 | June 2022 | $10,006,933 | $6,991,452 | $99,996,006 | IRS |
| 990 | June 2021 | – | – | – | IRS |
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 56-0989620).
Questions about WINSTON-SALEM STATE UNIVERSITY FOUNDATION INCORPORATED
- What is the EIN of WINSTON-SALEM STATE UNIVERSITY FOUNDATION INCORPORATED?
- The employer identification number (EIN) of WINSTON-SALEM STATE UNIVERSITY FOUNDATION INCORPORATED is 56-0989620.
- Is WINSTON-SALEM STATE UNIVERSITY FOUNDATION INCORPORATED tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1972.
- Are donations to WINSTON-SALEM STATE UNIVERSITY FOUNDATION INCORPORATED tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WINSTON-SALEM STATE UNIVERSITY FOUNDATION INCORPORATED 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 WINSTON-SALEM STATE UNIVERSITY FOUNDATION INCORPORATED due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WINSTON-SALEM STATE UNIVERSITY FOUNDATION INCORPORATED last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of WINSTON-SALEM STATE UNIVERSITY FOUNDATION INCORPORATED?
- The 990 for the year ended June 30, 2025 names Kevan Turman.
- Who are the officers and directors of WINSTON-SALEM STATE UNIVERSITY FOUNDATION INCORPORATED?
- The 990 for the year ended June 30, 2025 lists 19 people; 1 received compensation from the organization.
- How much revenue does WINSTON-SALEM STATE UNIVERSITY FOUNDATION INCORPORATED have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $15,611,421, expenses of $14,542,859 and total assets of $105,317,585 at year end.
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All nonprofits in WINSTON SALEM · North Carolina · Education