Piedmont Triad Partnership
- Assets
- $1.2m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 1
- Location
- Greensboro, NC
- Founding
- 05/2004
- Data as of
- 12/2023
- EIN
- 56-1750279
Organization Overview
Piedmont Triad Partnership is located in Greensboro, 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. 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 12/2023, Piedmont Triad Partnership generated $1.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $1.6m during the year ending 12/2023. While expenses have increased by 9.6% per year over the past 8 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
2023
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 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 SITE CONSULTANTS 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, 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. THE PROGRAM WAS EXPANDED TO INCLUDE MARKETING TO TALENT OR PERSONS WHO MIGHT LOCATE IN THE REGION, IN ADDITION TO MARKETING TO BUSINESSES. THIS IS A RESPONSE TO THE NEEDS OF REGIONAL BUSINESSES FOR AN INCREASED TALENT POOL TO FUEL ECONOMIC SUCCESS.
REGIONAL ECONOMIC DEVELOPMENT:REGIONAL ECONOMIC DEVELOPMENT FOCUSES IN SEVERAL AREAS. THE FOCUS 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 THE TALENT PIPELINE AND DEVELOPMENT SYSTEMS IN THE REGION, AND SUPPORT FOR A REGIONAL APPROACH TO ENTREPRENEURIAL DEVELOPMENT.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Baxter Vice Chairman | OfficerTrustee | 1 | $0 |
Aprille Bell Board Member | Trustee | 1 | $0 |
Graham Bennett Board Member | Trustee | 1 | $0 |
Dr Connie Book Board Member | Trustee | 1 | $0 |
Cindy Clare Board Member | Trustee | 1 | $0 |
Louise Brady Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mgad Llc Dba Mythic Marketing And Advertising | 12/30/23 | $422,848 |
Community Capacity Llc Administrative/economic Development | 12/30/23 | $157,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,516,384 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,516,384 |
| Total Program Service Revenue | $0 |
| Investment income | $26,063 |
| 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 | $1,688,301 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $58,690 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,936 |
| Payroll taxes | $5,436 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $233,665 |
| Advertising and promotion | $29,784 |
| Office expenses | $2,551 |
| Information technology | $14,604 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,126 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,197 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $528 |
| Insurance | $3,780 |
| All other expenses | $168,956 |
| Total functional expenses | $1,570,868 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $261,163 |
| Savings and temporary cash investments | $927,797 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $500 |
| Net Land, buildings, and equipment | $4,358 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $23,119 |
| Total assets | $1,216,937 |
| Accounts payable and accrued expenses | $8,771 |
| 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 | $133,159 |
| Total liabilities | $141,930 |
| Net assets without donor restrictions | $1,075,007 |
| Net assets with donor restrictions | $0 |
| 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 | $1,216,937 |