Piedmont Triad Charitable Foundation
- Assets
- $5.6m
- Revenue
- $15.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Greensboro, NC
- Founding
- 07/1967
- Data as of
- 12/2021
- 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 12/2021, Piedmont Triad Charitable Foundation generated $15.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $14.5m during the year ending 12/2021. While expenses have increased by 1.7% 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.
Since 2016, Piedmont Triad Charitable Foundation has awarded 185 individual grants totaling $2,737,052. 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
2021
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 |
|---|---|---|---|
Mark Brazil Tournament Director | 40 | $452,539 | |
Robert Powell Director Of Operatio | 40 | $226,018 | |
Kelly Pinnix Director Of Finance | 40 | $186,000 | |
Terry Jones Director Of Dev. & S | 40 | $151,949 | |
James Gentry III Sales Representative | 40 | $76,207 | |
Harold L Martin Sr Director | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pga Tour Inc | 12/30/21 | $3,234,237 |
Inproduction Inc | 12/30/21 | $496,167 |
Mcconnell Golf Llc | 12/30/21 | $879,153 |
Party Reflections Inc | 12/30/21 | $555,933 |
Home Tipps Trophy Suites Inc | 12/30/21 | $283,752 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,684,141 |
| Interest on Savings | $1,021 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,000 |
| Capital Gain Net Income | $1,000 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $13,732,051 |
| Total Revenue | $15,418,213 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $1,063,511 |
| Pension plans, employee benefits | $119,087 |
| Interest | $146,765 |
| Taxes | $67,198 |
| Depreciation | $203,065 |
| Occupancy | $25,432 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $12,301,841 |
| Total operating and administrative expenses | $13,963,636 |
| Contributions, gifts, grants paid | $501,828 |
| Total expenses and disbursements | $14,465,464 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $434 |
| Savings and temporary cash investments | $228,876 |
| Net Accounts receivable | $259,143 |
| 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 | $31,415 |
| Prepaid expenses and deferred charges | $151,481 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $4,746,895 |
| Other assets | $170,900 |
| Total assets | $5,589,144 |
| Accounts payable and accrued expenses | $384,627 |
| Grants payable | $0 |
| Deferred revenue | $442,768 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $4,768,248 |
| Other liabilities | $150,000 |
| Total liabilities | $5,745,643 |
Grants Awarded
Over the last fiscal year, Piedmont Triad Charitable Foundation has awarded $501,828 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
HV3 FOUNDATION PURPOSE: TO INCREASE ACCESS AND INCLUSION FOR ALL YOUTH IN SPORTS THROUGH EDUCATION, ADVOCACY, AND SPORTS PROGRAMS, BY SUBSIDIZING AND/OR OPERATING SUCH PROGRAMS FOR INDIVIDUALS WHO CANNOT AFFORD THEM. | $108,454 |
Mooresville, NC PURPOSE: TO ENCOURAGE THE NEXT GENERATION TO BE BETTER AND MORE INCLUSIVE THAN EVERY GENERATION BEFORE IT, SO THEY CAN ACHIEVE ANYTHING THEY PUT THEIR MIND TO. | $107,454 |
Braselton, GA PURPOSE: TO PROVIDE OVERALL GROWTH AND DEVELOPMENT OF YOUNG MEN AND WOMEN WHO ASPIRE TO EARN COLLEGE GOLF SCHOLARSHIPS THROUGH COMPETITIVE JUNIOR GOLF. | $80,125 |
PIEDMONT TRIAD PARTNERSHIP PURPOSE: TO SERVE AS A REGIONAL ORGANIZATION TO MARKET, ADVERTISE AND PROMOTE THE 12 COUNTY AREA OF THE PIEDMONT TRIAD REGION OF NORTH CAROLINA, FOR THE PURPOSE OF ENHANCING ECONOMIC DEVELOPMENT OPPORTUNITIES. | $50,000 |
GOLF FORE FUN INC - THE FIRST TEE OF THE TRIAD PURPOSE: TO IMPACT THE LIVES OF YOUNG PEOPLE BY PROVIDING LEARNING FACILITIES AND EDUCATIONAL PROGRAMS THAT PROMOTE CHARACTER DEVELOPMENT AND LIFE-ENHANCING VALUES THROUGH THE GAME OF GOLF. | $47,500 |
Winstonsalem, NC PURPOSE: TO PROMOTE TENNIS IN ALL OUR COMMUNITIES BY DIRECTING CLINICS, TOURNAMENTS, TRAINING/EDUCATING INSTRUCTORS AN SPONSORING YOUTH AND ADULT PROGRAMS. | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Piedmont Triad Charitable Foundation has recieved totaling $666,185.
| Awarding Organization | Amount |
|---|---|
The Joseph M Bryan Foundation Of Greater Greensboro Inc Greensboro, NC PURPOSE: ANNUAL SUPPORT | $280,000 |
Pga Tour Inc Ponte Vedra Beach, FL PURPOSE: GENERAL SUPPORT | $190,000 |
Community Foundation Of Greater Greensboro Inc Greensboro, NC PURPOSE: GENERAL SUPPORT | $106,185 |
Ta The John P Mcconnell Foundation Raleigh, NC PURPOSE: GENERAL SUPPORT | $90,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Piedmont Triad Charitable Foundation Greensboro, NC | $5,589,144 | $15,418,213 |
In Touch Foundation Inc Atlanta, GA | $84,991,538 | $40,474,859 |
Boys & Girls Clubs Of The Midlands Columbia, SC | $2,396,839 | $5,933,397 |
Rethink Charity Mineral, VA | $1,112,987 | $5,137,197 |
Phi Delta Kappa International Inc Arlington, VA | $1,144,067 | $2,025,770 |
Marlene And Spencer Hays Foundation Nashville, TN | $119,169,427 | $6,377,944 |
Parents With A Purpose Inc Atlanta, GA | $315,977 | $2,301,377 |
Moments Of Hope Outreach Studley, VA | $714,742 | $2,126,416 |
Global Generosity Inc Alpharetta, GA | $2,653,838 | $2,877,884 |
Friends Of Ufm Inc Mclean, VA | $131,424 | $1,208,671 |
Lake Oconee Academy Foundation Inc Greensboro, GA | $20,544,289 | $963,837 |
Ncf Carolinas Inc Charlotte, NC | $1,465,195 | $1,454,572 |