Piedmont Educational Foundation Inc
- Assets
- $458.5k
- Revenue
- $570.1k
- Investments
- $0.0
- Employees
- 2
- Location
- Hickory, NC
- Founding
- Data as of
- 05/2018
- EIN
- 56-6061289
Organization Overview
Piedmont Educational Foundation Inc is located in Hickory, NC. As of 05/2018, Piedmont Educational Foundation Inc employed 2 individuals. Piedmont Educational Foundation 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 05/2018, Piedmont Educational Foundation Inc generated $570.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (12.7%) each year. All expenses for the organization totaled $474.5k during the year ending 05/2018. As we would expect to see with falling revenues, expenses have declined by (11.9%) per year over the past 3 years. 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
2018
Describe the Organization's Mission:
Part 3 - Line 1
TO SOLICIT DONATIONS THROUGH MEMBERSHIPS AND FUNDRAISERS FOR THE BENEFIT OF LENOIR-RHYNE UNIVERSITY ATHLETIC SCHOLARSHIPS AND PROGRAM SUPPORT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ATHLETIC SCHOLARSHIPS OF $150,000 PER YEAR
MEMBERSHIP SUPPORT/TICKETS
DESIGNATED GIFTS (PROGRAM SUPPORT) TO LENOIR-RHYNE UNIVERSITY
OTHER PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terri Livingston Managing Director | OfficerTrustee | 1 | $54,104 |
Jason Porter Treasurer | OfficerTrustee | 1 | $0 |
Bob Fincher Vice President | OfficerTrustee | 1 | $0 |
Ben Bundy Immediate Past President | OfficerTrustee | 1 | $0 |
Ryan Edwards President | OfficerTrustee | 1 | $0 |
Dr Frederick K Whitt Trustee | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $147,522 |
| Fundraising events | $95,533 |
| Related organizations | $132,696 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $25,930 |
| Noncash contributions included in lines 1a–1f | $94,765 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $401,681 |
| Total Program Service Revenue | $36,880 |
| Investment income | $12,490 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$17,880 |
| Net Income from Gaming Activities | $12,245 |
| Net Income from Sales of Inventory | $1,307 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $570,065 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $199,710 |
| 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. | $71,304 |
| Compensation of current officers, directors, key employees. | $3,565 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,451 |
| Pension plan accruals and contributions | $2,443 |
| Other employee benefits | $29,031 |
| Payroll taxes | $3,736 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,251 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,067 |
| Office expenses | $9,484 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $934 |
| Travel | $7,098 |
| 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 | $18,440 |
| Total functional expenses | $474,496 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $225,833 |
| Pledges and grants receivable | $4,939 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $227,773 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $458,545 |
| Accounts payable and accrued expenses | $1,474 |
| 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 | $0 |
| Total liabilities | $1,474 |
| Unrestricted restricted net Assets | $452,132 |
| Temporarily restricted net Assets | $4,939 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $457,071 |
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|---|---|---|
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Alexian Brothers Ambulatory Group St Louis, MO | $321,335,814 | $68,677,417 |
Charity Global Inc Hagerstown, MD | $173,056,021 | $101,611,139 |
Truth Initiative Foundation Washington, DC | $1,008,096,015 | $92,158,475 |
Florida Charter Educational Foundation Inc Ft Lauderdale, FL | $156,543,730 | $97,506,587 |
Columbia College Columbia, MO | $267,475,036 | $84,570,180 |