The Piedmont Foundation
- Assets
- $28.0m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Warrenton, VA
- Founding
- 04/2000
- Data as of
- 12/2021
- EIN
- 54-1954368
Organization Overview
The Piedmont Foundation is located in Warrenton, VA. The organization was established in 2000. According to its NTEE Classification (C11) the organization is classified as: Single Organization Support, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Piedmont Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Piedmont Foundation generated $3.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.0% each year . All expenses for the organization totaled $962.1k during the year ending 12/2021. While expenses have increased by 3.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORTING ORGANIZATION FOR THE PIEDMONT ENVIRONMENTAL COUNCIL (PEC), A 501(C)3 PUBLIC CHARITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT FOR THE PIEDMONT ENVIRONMENTAL COUNCIL, A 501(C) 3 PUBLIC CHARITY THAT SUPPORTS ORDERLY ECONOMIC PROGRESS IN THE VIRGINIA PIEDMONT SENSITIVE TO THE CONSERVATION OF LAND, WATER, AIR, AND OTHER NATURAL RESOURCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark J Ohrstrom President | OfficerTrustee | 4 | $0 |
Trevor Potter Vice President | OfficerTrustee | 4 | $0 |
Charles T Akre Secretary/treasurer | OfficerTrustee | 4 | $0 |
John H Birdsall III Director | Trustee | 2 | $0 |
Diana Prince Director | Trustee | 2 | $0 |
George Ohrstrom II Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $485,735 |
| Noncash contributions included in lines 1a–1f | $400,695 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $485,735 |
| Total Program Service Revenue | $0 |
| Investment income | $606,841 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,879,315 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,971,891 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $711,700 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $136,344 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $104,787 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $1,314 |
| Total functional expenses | $962,145 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $150,026 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $26,861,442 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $954,558 |
| Total assets | $27,967,026 |
| Accounts payable and accrued expenses | $20,145 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $92,866 |
| Total liabilities | $113,011 |
| Net assets without donor restrictions | $9,161,392 |
| Net assets with donor restrictions | $18,692,623 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $27,967,026 |
Grants Awarded
Over the last fiscal year, The Piedmont Foundation has awarded $711,700 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Warrenton, VA PURPOSE: LAND CONSERVATION | $686,700 |
THE VIRGINIA OUTDOORS FOUNDATION PURPOSE: LAND CONSERVATION | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Piedmont Foundation has recieved totaling $400,000.
| Awarding Organization | Amount |
|---|---|
Piedmont Environmental Council Warrenton, VA PURPOSE: SUPPORT FOR THE FOUNDATION | $400,000 |
Endowment Analysis
| Beg. Balance | $16,367,185 |
| Earnings | $2,077,076 |
| Net Contributions | $423,050 |
| Ending Balance | $18,867,311 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Marine Sanctuary Foundation Silver Spring, MD | $12,239,682 | $12,012,761 |
Elh Kansas Ave Inc Washington, DC | $0 | $1,711,830 |
Memphis Botanic Garden Foundation Inc Memphis, TN | $14,081,049 | $3,694,417 |
Blue Ridge Parkway Foundation Winstonsalem, NC | $6,030,068 | $2,573,105 |
Friends Of The National Arboretum Inc Washington, DC | $4,172,863 | $2,644,655 |
Shenandoah National Park Trust Charlottesville, VA | $8,372,453 | $4,680,567 |
Norfolk Botanical Gardens Fdn Norfolk, VA | $18,026,648 | $1,194,057 |
The Piedmont Foundation Warrenton, VA | $27,967,026 | $2,971,891 |
Friends Of The Wnc Nature Center Inc Asheville, NC | $1,477,852 | $1,172,228 |
Cylburn Arboretum Friends Inc Baltimore, MD | $4,897,056 | $3,650,078 |
Patapsco Heritage Greenway Inc Ellicott City, MD | $343,976 | $515,354 |
Metro Nashville Parks Foundation Nashville, TN | $463,128 | $172,023 |