Piedmont School Inc
- Assets
- $4.3m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 30
- Location
- High Point, NC
- Founding
- 06/1984
- Data as of
- 05/2022
- EIN
- 56-1336200
Organization Overview
Piedmont School Inc is located in High Point, NC. The organization was established in 1984. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 05/2022, Piedmont School Inc employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Piedmont School Inc 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 05/2022, Piedmont School Inc generated $2.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $2.2m during the year ending 05/2022. While expenses have increased by 7.7% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PIEDMONT SCHOOL STRIVES DAILY TO BE THE EDUCATIONAL OASIS THAT QUENCHES THE THIRST OF
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE BASIC SKILLS REMEDIATION IN LANGUAGE ARTS & MATH FOR INDIVIDUALS WITH SPECIFIC LEARNING DISABILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Montgomery Head Of School | OfficerTrustee | 40 | $125,255 |
Page Keel President | OfficerTrustee | 0.5 | $0 |
Keith Burris Treasurer | OfficerTrustee | 0.5 | $0 |
Teresa Owens Secretary | OfficerTrustee | 0.5 | $0 |
Stan Gordon Vice President | OfficerTrustee | 0.5 | $0 |
Mariann Tillery Board Of Trustees | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,750 |
| All other contributions, gifts, grants, and similar amounts not included above | $223,925 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $231,675 |
| Total Program Service Revenue | $1,764,848 |
| Investment income | $5,237 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,301,447 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $337,327 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $125,255 |
| Compensation of current officers, directors, key employees. | $125,255 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,075,922 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $86,992 |
| Payroll taxes | $89,275 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $530 |
| Fees for services: Accounting | $9,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $28,471 |
| Office expenses | $11,267 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $26,180 |
| 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 | $49,554 |
| Insurance | $28,725 |
| All other expenses | $210,165 |
| Total functional expenses | $2,249,085 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $98,935 |
| Savings and temporary cash investments | $2,036,329 |
| Pledges and grants receivable | $936,239 |
| Accounts receivable, net | $11,965 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $300 |
| Net Land, buildings, and equipment | $910,597 |
| Investments—publicly traded securities | $229,406 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $61,389 |
| Total assets | $4,285,160 |
| Accounts payable and accrued expenses | $36,585 |
| Grants payable | $0 |
| Deferred revenue | $82,927 |
| 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 | $127,868 |
| Total liabilities | $247,380 |
| Net assets without donor restrictions | $1,330,912 |
| Net assets with donor restrictions | $2,706,868 |
| 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 | $4,285,160 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Piedmont School Inc has recieved totaling $291,230.
| Awarding Organization | Amount |
|---|---|
Earl And Kathryn Congdon Family Foundation Wilmington, DE PURPOSE: THE PIEDMONT SCHOOL AND THE JOHN YOWELL ACADEMY SC | $250,000 |
Andrew & Eula Carlos Foundation Inc Atlanta, GA PURPOSE: EDUCATION | $25,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $16,008 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $222 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alternative Paths Training School Inc Dumfries, VA | $29,662,762 | $20,489,291 |
Currey Ingram Academy Brentwood, TN | $68,664,811 | $19,766,895 |
The Faison Center Inc Richmond, VA | $62,568,652 | $21,070,606 |
The Howard School Inc Atlanta, GA | $46,587,964 | $14,630,236 |
Schenck School Inc Atlanta, GA | $49,204,547 | $13,089,821 |
Virginia Episcopal School Lynchburg, VA | $42,343,812 | $12,608,124 |
Baconton Parents And Citizens For Better Education Inc Baconton, GA | $6,989,998 | $13,118,266 |
Kings Daughters School Of Maury County Tennessee Columbia, TN | $22,315,744 | $10,828,649 |
The Fletcher School Inc Charlotte, NC | $32,973,110 | $9,343,096 |
Mill Springs Academy Inc Alpharetta, GA | $16,639,612 | $7,597,542 |
New Community School Richmond, VA | $23,560,942 | $8,465,673 |
Brookhaven Innovation Academy Norcross, GA | $15,037,187 | $6,615,354 |