Piedmont Triad Charitable Foundation
- Assets
- $5.3m
- Revenue
- $17.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Greensboro, NC
- Founding
- 07/1967
- Data as of
- 12/2023
- EIN
- 56-6085407
Organization Overview
Piedmont Triad Charitable Foundation is located in Greensboro, NC. The organization was established in 1967. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Piedmont Triad Charitable 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 12/2023, Piedmont Triad Charitable Foundation generated $17.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $17.4m during the year ending 12/2023. While expenses have increased by 3.5% 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.
Since 2016, Piedmont Triad Charitable Foundation has awarded 223 individual grants totaling $3,471,050. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
CONDUCTING A PREMIER PROFESSIONAL GOLF ASSOCIATION TOUR EVENT IN NORTH CAROLINA'S PIEDMONT TRIAD AND PROMOTING THE TRIAD AS AN ATTRACTIVE PLACE TO LIVE AND WORK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert E Long Jr Chairman | 25 | $0 | |
Allen E Gant Jr Vice Chairman | 6 | $0 | |
William H Smith Treasurer | 6 | $0 | |
Scott Baxter Director | 2 | $0 | |
Steve Bowden Director | 2 | $0 | |
Frank Brenner Director | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Show Pros Entertainment Service Inc | 12/30/23 | $216,407 |
Holiday Tours Inc | 12/30/23 | $182,170 |
Pepper Moon Catering Inc | 12/30/23 | $173,810 |
3-g Sports Llc | 12/30/23 | $61,725 |
Solo Events Group Inc | 12/30/23 | $58,224 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,317,315 |
| Interest on Savings | $38,994 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $16,156,940 |
| Total Revenue | $17,513,249 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $1,648,232 |
| Pension plans, employee benefits | $126,770 |
| Interest | $74,074 |
| Taxes | $87,017 |
| Depreciation | $209,308 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $14,833,272 |
| Total operating and administrative expenses | $17,018,028 |
| Contributions, gifts, grants paid | $371,258 |
| Total expenses and disbursements | $17,389,286 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $711 |
| Savings and temporary cash investments | $271,215 |
| Net Accounts receivable | $334,190 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $76,048 |
| Prepaid expenses and deferred charges | $13,909 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $4,437,904 |
| Other assets | $205,080 |
| Total assets | $5,339,057 |
| Accounts payable and accrued expenses | $721,643 |
| Grants payable | $0 |
| Deferred revenue | $741,010 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $3,411,980 |
| Other liabilities | $0 |
| Total liabilities | $4,874,633 |
Grants Awarded
Over the last fiscal year, Piedmont Triad Charitable Foundation has awarded $371,258 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN JUNIOR GOLF ASSOCIATION PURPOSE: TO PROVIDE OVERALL GROWTH AND DEVELOPMENT OF YOUNG MEN AND WOMEN WHO ASPIRE TO EARN COLLEGE GOLF SCHOLARSHIPS THROUGH COMPETITIVE JUNIOR GOLF. | $15,000 |
AMERICAN JUNIOR GOLF ASSOCIATION PURPOSE: TO PROVIDE OVERALL GROWTH AND DEVELOPMENT OF YOUNG MEN AND WOMEN WHO ASPIRE TO EARN COLLEGE GOLF SCHOLARSHIPS THROUGH COMPETITIVE JUNIOR GOLF. | $16,500 |
AMERICAN JUNIOR GOLF ASSOCIATION PURPOSE: TO PROVIDE OVERALL GROWTH AND DEVELOPMENT OF YOUNG MEN AND WOMEN WHO ASPIRE TO EARN COLLEGE GOLF SCHOLARSHIPS THROUGH COMPETITIVE JUNIOR GOLF. | $15,000 |
AMERICAN JUNIOR GOLF ASSOCIATION PURPOSE: TO PROVIDE OVERALL GROWTH AND DEVELOPMENT OF YOUNG MEN AND WOMEN WHO ASPIRE TO EARN COLLEGE GOLF SCHOLARSHIPS THROUGH COMPETITIVE JUNIOR GOLF. | $12,500 |
BRAIN INJURY ASSOCIATION OF NORTH CAROLINA PURPOSE: TO CREATE A BETTER FUTURE FOR APPROXIMATELY 200,000 NORTH CAROLINIANS LIVING WITH BRAIN INJURY AND THEIR FAMILIES BY ADVANCING RESEARCH, EDUCATION, TREATMENT, PREVENTION AND ADVOCACY. | $1,000 |
ART OF FRANZA INC PURPOSE: TO SERVE IN DEVELOPING, SUPPORTING AND PRODUCING EXPERIMENTAL ARTS PROJECTS. | $25,000 |