Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 2007.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Who runs it and what they're paid
14 people listed on the 990; $24K paid to officers and key staff.
Robert Egleston’s $36K as Executive Di is at the 19th percentile of top reported officer pay among 1708 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 2 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Robert Egleston | $36,000 | $36,000 | $36,000 | $24,000 | $24,000 | — |
| Cbhbc Corp LLC | — | — | — | — | — | $30,000 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Funds public education and economic development in Forsyth County and surrounding areas.
Questions for Twin City Development Foundation
Your first name shows with your question. Twin City Development Foundation answers here, for everyone.
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Funding, through grants, educational and economic development in forsyth county and surrounding areas.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2022 990, line by line.
Download 990
| Line | Start FY22 | End FY22 |
|---|---|---|
| Cash and savingsLn 1–2 | $849K | $570K |
| InvestmentsLn 11–13 | $14.2M | $13.1M |
| Total assetsLn 16 | $16.7M | $13.6M |
| LiabilitiesLn 26 | $89K | $27K |
| Net assetsLn 32 | $16.7M | $13.6M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $329K | |||
| Pay of current officers, directors and key staffLn 5 | $24K | |||
| Legal feesLn 11b | $2K | |||
| Accounting feesLn 11c | $16K | |||
| Investment management feesLn 11f | $32K | |||
| Office expensesLn 13 | $2K | |||
| Conferences, conventions and meetingsLn 19 | $3K | |||
| InsuranceLn 23 | $6K | |||
| Other expenses (24a–d)Ln 24 | $31K | |||
| Total functional expensesLn 25 | $445K | $0 | $0 | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $688K | $1.1M | −$376K | $17.9M | 990 PDF |
| FY2024 | $958K | $754K | $205K | $16.4M | 990 PDF |
| FY2023 | $1.1M | $713K | $384K | $14.9M | 990 PDF |
| FY2022 Viewing | −$115K | $445K | −$560K | $13.6M | 990 PDF |
| FY2021 | $629K | $659K | −$31K | $16.7M | 990 PDF |
| FY2020 | $2.5M | $243K | $2.3M | $14.8M | 990 PDF |
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Schedules filed Part IV
See the full FY2022 990 (6 parts)
Part I · Summary −$115,486 revenue, 12 lines filed
Part VI · Governance 12 of 12 board members independent, 4 to look at
Part VIII · Statement of revenue −$115,486 across 5 lines filed
Part IX · Statement of functional expenses $444,505 across 9 lines filed
Part X · Balance sheet $13,639,500 assets, 10 lines filed
Part XI · Reconciliation of net assets $13,612,439 net assets at year end
Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File
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