Nonprofit · EIN 56-2118777
GOLER-DEPOT STREET RENAISSANCE CORPORATION
Tax-exempt · WINSTON SALEM, NC 27101
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $581,366 | $653,268 | -$71,902 | $1,752,235 | $1,136,271 | $615,964 |
| December 31, 2023 | 990 | $327,823 | $450,415 | -$122,592 | $1,879,587 | $1,203,849 | $675,738 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $448,585
- Program service revenue
- $36,417
- Investment income
- $0
- Net rental income
- $88,807
- Other revenue
- $96,364
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $148,542
- Salaries, compensation and benefits (total)
- $181,972
- Professional fundraising fees
- $0
- Accounting fees
- $22,823
- Occupancy
- $33,157
- Travel
- $1,513
- Depreciation
- $36,994
- Program services (functional)
- $623,466
- Management and general (functional)
- $29,802
Balance sheet and other
- Total assets, start of year
- $1,880,646
- Total assets, end of year
- $1,752,235
- Total liabilities, end of year
- $1,136,271
- Net assets, end of year
- $615,964
- Land, buildings and equipment
- $1,288,292
- Net assets without donor restrictions
- $615,964
- Gross receipts
- $599,870
- Employees
- 2
- Year formed
- 1998
- 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 |
|---|---|---|---|
| Fred Phifer | Chairman Trustee or director | 2 | $0 |
| Michael Suggs | President Trustee or director, Officer | 40 | $0 |
| Ron Fisher | Director Trustee or director | 2 | $0 |
| Garland Burton | Director Trustee or director | 2 | $0 |
| Cornelius Graves | Director Trustee or director | 2 | $0 |
| Alana James | Director Trustee or director | 2 | $0 |
| Mary Jac Brennan | Director Trustee or director | 2 | $0 |
| Garrett Bolden | Finance Director Officer, Key employee | 40 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Fred Phifer | Chairman Trustee or director | 2 | $0 |
| Michael Suggs | President Trustee or director, Officer | 40 | $0 |
| Ron Fisher | Director Trustee or director | 2 | $0 |
| Garland Burton | Director Trustee or director | 2 | $0 |
| Cornelius Graves | Director Trustee or director | 2 | $0 |
| Alana James | Director Trustee or director | 2 | $0 |
| Mary Jac Brennan | Director Trustee or director | 2 | $0 |
| Garrett Bolden | Finance Director Officer, Key employee | 40 | $0 |
Address and contacts
- Address (IRS master file)
- 889 N LIBERTY ST, WINSTON SALEM, NC 27101-3040
- In care of
- % GARRETT BOLDEN
- Principal officer (990 for 2024)
- Michael L Suggs, 889 N Liberty Street, Winston Salem, NC 27101
- Signed the 990
- Michael L Suggs, President
- Phone
- (336) 761-0595
- Website
- www.golercdc.org
- Return prepared by
- Preston Sims & Darden PA
Mission
Development of the Goler-Depot Street area of Winston Salem
Program accomplishments
- Expenses include Workforce Devlopment training and employment along with economic development activities.Expenses $623,466
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
- 56-2118777
- 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
- 1999
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S20)
- Assets (IRS master file)
- $1,752,235
- Income (IRS master file)
- $599,870
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $581,366 | $653,268 | $1,752,235 | XML |
| 990 | December 2023 | $327,823 | $450,415 | $1,879,587 | IRS |
| 990 | December 2022 | $676,139 | $1,197,782 | $1,920,939 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 56-2118777).
Questions about GOLER-DEPOT STREET RENAISSANCE CORPORATION
- What is the EIN of GOLER-DEPOT STREET RENAISSANCE CORPORATION?
- The employer identification number (EIN) of GOLER-DEPOT STREET RENAISSANCE CORPORATION is 56-2118777.
- Is GOLER-DEPOT STREET RENAISSANCE CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
- Are donations to GOLER-DEPOT STREET RENAISSANCE CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GOLER-DEPOT STREET RENAISSANCE CORPORATION 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 GOLER-DEPOT STREET RENAISSANCE CORPORATION 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 GOLER-DEPOT STREET RENAISSANCE CORPORATION 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 GOLER-DEPOT STREET RENAISSANCE CORPORATION?
- The 990 for the year ended December 31, 2024 names Michael L Suggs.
- Who are the officers and directors of GOLER-DEPOT STREET RENAISSANCE CORPORATION?
- The 990 for the year ended December 31, 2024 lists 8 people; 0 received compensation from the organization.
- How much revenue does GOLER-DEPOT STREET RENAISSANCE CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $581,366, expenses of $653,268 and total assets of $1,752,235 at year end.
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