Piedmont Triad Partnership

Organization Overview

Piedmont Triad Partnership is located in High Point, NC. The organization was established in 2004. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Piedmont Triad Partnership employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Piedmont Triad Partnership 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 Triad Partnership generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $1.2m during the year ending 12/2021. While expenses have increased by 1.1% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO SERVE AS A REGIONAL ORGANIZATION TO PROMOTE THE TWELVE COUNTY AREA PIEDMONT TRIAD, NORTH CAROLINA, FOR THE PURPOSE OF ENHANCING ECONOMIC DEVELOPMENT OPPORTUNITIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

REGIONAL MARKETING AND COMMUNICATIONS:PTP CONTINUED ITS PROGRAM OF WORK IN ECONOMIC DEVELOPMENT MARKETING AND BUSINESS DEVELOPMENT FOR THE 12-COUNTY REGION THROUGH BRANDING AND MARKETING THE CAROLINA CORE BRAND. FUNDS WERE SPENT TO AUGMENT AND REFRESH COLLATERAL SUPPORTING THE OVERARCHING MESSAGES, TRAVELING TO INDUSTRY MEETINGS AND ONE-ON-ONE MEETINGS WITH COMPANIES AND ADVISORS TO COMPANIES, ADVERTISING IN PRINT AND DIGITAL MEDIA, AND THE PERSONNEL TO SUPPORT THESE ACTIVITIES. THE TACTICS FOCUSED ON INDUSTRIAL PRODUCT DEVELOPMENT, TALENT AND WORKFORCE DEVELOPMENT, AEROSPACE AND AVIATION, AS WELL AS OTHER PROMISING SECTORS IN ADVANCED TECHNOLOGY AND MANUFACTURING FIELDS. ACTIVITIES IDENTIFIED NEW PROSPECTS FOR JOB GROWTH IN THE REGION, SUPPORTED THE PROGRESS OF COMPANIES MAKING BUSINESS LOCATION DECISIONS, AND PROMOTED THE REGION THROUGH MEDIA AND PUBLIC RELATIONS.


REGIONAL ECONOMIC DEVELOPMENT REGIONAL ECONOMIC DEVELOPMENT FOCUSES IN SEVERAL AREAS. THE FOCUS IN 2021 AND FORWARD IS TOWARD THE FOLLOWING DEVELOPMENT AND STRATEGIC AREAS:IDETIFYING AND COMMUNICATING WITH COMPANIES THAT WILL INVEST IN AND ADD JOBS IN THE REGION, DEVELOPMENT OF AVIATION INDUSTRY PUBLIC/PRIVATE WITH FOCUS ON PTI AIRPORT EXPANSION, DEVELOPMENT OF THE TALENT PIPELINE AND DEVELOPMENT SYSTEMS IN THE REGION, AND SUPPORT FOR A REGIONAL APPROACH TO ENTREPRENEURIAL DEVELOPMENT.


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Board, Officers & Key Employees

Name (title)Compensation
Stanhope Kelly
CEO
$99,350
Mike Fox
President As Of September 2021
$40,000
Scott Baxter
Vice Chairman
$0
Cantey Alexander
Vice Chairman
$0
Louis Dejoy
Vice Chairman
$0
Donald Flow
Co-Chairman
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Reed International Aerospace
Administrative/economic Development
$137,615
Community Capacity Llc
Administrative/economic Development
$157,500
View All Vendors

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$988,752
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$988,752
Total Program Service Revenue$0
Investment income $10,067
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 $1,128,819

Grants Recieved

Over the last fiscal year, we have identified 4 grants that Piedmont Triad Partnership has recieved totaling $395,000.

Awarding OrganizationAmount
Winston-Salem Foundation

Winstonsalem, NC

PURPOSE: 1 GRANT(S) FOR VARYING PURPOSES

$270,000
Schwab Charitable Fund

San Francisco, CA

PURPOSE: PUBLIC, SOCIETAL BENEFIT

$75,000
High Point University

High Point, NC

PURPOSE: GENERAL SUPPORT.

$25,000
Forsyth Memorial Hospital Inc

Winston Salem, NC

PURPOSE: COMMUNITY OUTREACH

$25,000
View Grant Recipient Profile

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