2023-05-15T13:23:54-05:00 2022-12-31 541149263 YOUNT HYDE & BARBOUR PC PO BOX 2560 WINCHESTER VA 226041760 990 2022-01-01 541954368 THE PIEDMONT FOUNDATION PIED 5403472334 45 HORNER STREET WARRENTON VA 20186 MARK J OHRSTROM PRESIDENT 5403472334 2023-05-15 1 MARK OHRSTROM 999009999 0 JENNIFER R FILES CPA P01275752 5406623417 2023-05-10 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z MARK J OHRSTROM 45 HORNER STREET WARRENTON VA 20188 2743981 0 X WWW.PIEDMONTFOUNDATION.ORG X 1999 VA SUPPORTING ORGANIZATION FOR THE PIEDMONT ENVIRONMENTAL COUNCIL (PEC), A 501(C)3 PUBLIC CHARITY. 8 8 0 15 0 0 485735 92311 0 0 2486156 478962 0 0 2971891 571273 711700 1809404 0 0 0 0 0 0 6999 250445 224910 962145 2034314 2009746 -1463041 27967026 20713607 113011 151933 27854015 20561674 SUPPORTING ORGANIZATION FOR THE PIEDMONT ENVIRONMENTAL COUNCIL (PEC), A 501(C)3 PUBLIC CHARITY. 0 0 1813004 1809404 SUPPORT FOR THE PIEDMONT ENVIRONMENTAL COUNCIL, A 501(C) 3 PUBLIC CHARITY THAT SUPPORTS ORDERLY ECONOMIC PROGRESS IN THE VIRGINIA PIEDMONT SENSITIVE TO THE CONSERVATION OF LAND, WATER, AIR, AND OTHER NATURAL RESOURCES. 1813004 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 2 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 1 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 VA X X THE PIEDMONT ENVIRONMENTAL COUNCIL 5403472334 45 HORNER STREET WARRENTON VA 20186 X MARK J OHRSTROM PRESIDENT 4.00 X X 0 0 0 JOHN H BIRDSALL III DIRECTOR 2.00 X 0 0 0 CHARLES T AKRE SECRETARY/TREASURER 4.00 X X 0 0 0 DIANA PRINCE DIRECTOR 2.00 X 0 0 0 TREVOR POTTER VICE PRESIDENT 4.00 X X 0 0 0 GEORGE OHRSTROM II DIRECTOR 2.00 X 0 0 0 JEAN PERIN DIRECTOR 2.00 X 0 0 0 CHRIS MCLEAN DIRECTOR 2.00 X 0 0 0 0 0 0 0 0 0 0 0 92311 92311 589348 589348 2062322 2172708 -110386 -110386 -110386 571273 0 0 478962 1809404 1809404 105141 99253 5888 10699 10100 599 9135 8623 512 94937 94937 OTHER 4998 3600 1398 0 2034314 1813004 214311 6999 150026 84227 1000 28874 26861442 19907539 954558 692967 27967026 20713607 20145 0 92866 151933 113011 151933 X 9161392 4758748 18692623 15802926 27854015 20561674 27967026 20713607 X -1463041 -5567709 -261591 X X 0 1 X 1 0 X X 1 PIEDMONT ENVIRONMENTAL COUNCIL 540935569 7 1 1755428 0 1 1755428 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 18408014 14120 -2480509 1478465 14463160 16367185 423050 2077076 459297 18408014 15416808 10560 1343125 403308 16367185 13846356 8588 1949215 387352 15416808 14190366 401725 -437122 308613 13846356 0.22980 0.70740 0.06280 0 0 0 NOTE PAYABLE TO PIEDMONT ENVIRONMENTAL COUNCIL 151933 151933 PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF REMAINDER TRUSTS PART V, LINE 4 - INTENDED USES FOR ENDOWMENT FUNDS THE FOUNDATION ADMINISTERS FOUR ENDOWMENT FUNDS; INCOME AND DISTRIBUTIONS FROM THESE ENDOWMENTS BENEFIT VARIOUS ASPECTS OF PIEDMONT ENVIRONMENTAL COUNCIL'S (PEC) OPERATIONS. PEC GENERAL OPERATING EXPENSES AND CONSERVATION STAFF ARE SUPPORTED BY THE INCOME FROM TWO SEPARATE ENDOWMENT FUNDS. TWO OTHER ENDOWMENT FUNDS SUPPORT OPERATIONS AND CONSERVATION STAFF IN THE SOUTHERN GEOGRAPHICAL REGIONS OF VIRGINIA SERVED BY PEC - IN AND AROUND ALBEMARLE COUNTY. 0 PIEDMONT ENVIRONMENTAL COUNCIL 45 HORNER STREET WARRENTON VA 20186 540935569 501C3 1755428 0 LAND CONSERVATION FRIENDS OF THE RAPPAHANNOCK 3219 FALL HILL AVE FREDERICKSBURG VA 22401 541381671 501C3 20976 0 LAND CONSERVATION EARLY & POWELL PLC 1287 N SEMINOLE TRAIL SUITE 120 MADISON VA 22727 10000 0 LAND CONSERVATION 2 1 FORM 990, PART VI, SECTION A, LINE 1A THE BYLAWS PROVIDE FOR THE PIEDMONT ENVIRONMENTAL COUNCIL (PEC) CHAIR TO BE A MEMBER OF THE PIEDMONT FOUNDATION BOARD OF DIRECTORS. CURRENTLY, PEC HAS CO-CHAIRS, JEAN PERIN AND GEORGE OHRSTROM. IT IS OF THE INTERPRETATION THAT THEY REPRESENT ONE VOTE ON THE PIEDMONT FOUNDATION BOARD, NOT TWO, ALTHOUGH BOTH ARE INVITED TO THE PIEDMONT FOUNDATION BOARD MEETINGS. FORM 990, PART VI, SECTION A, LINE 2 MARK OHRSTROM AND GEORGE OHRSTROM ARE BROTHERS. FORM 990, PART VI, SECTION A, LINE 4 THE FOUNDATION REVISED ITS BYLAWS AND ARTICLES OF INCORPORATION DURING 2022. THE ARTICLES MORE EXPLICITLY INDICATE THE FOUNDATION'S PURPOSE AS SPECIFICALLY IN SUPPORT OF THE PIEDMONT ENVIRONMENTAL COUNCIL; PIEDMONT ENVIRONMENT COUNCIL IS NAMED AS THE SOLE MEMBER OF THE FOUNDATION. THE ARTICLES OF INCORPORATION WERE ALSO AMENDED TO INCLUDE PROVISION THAT THE CORPORATION'S BYLAWS MAY BE AMENDED IN SIMILAR FASHION TO AMENDING THE ARTICLES OF INCORPORATION. THE FOUNDATION BYLAWS WERE AMENDED TO REQUIRE THE MAJORITY OF THE FOUNDATION BOARD TO BE CURRENT OR FORMER PIEDMONT ENVIRONMENTAL COUNCIL DIRECTORS; ALSO, THERE IS A TWO YEAR TERM LIMIT OF SERVICE THAT APPLIES TO THOSE DIRECTORS NOT SERVING ON THE FOUNDATION BOARD AS OF DECEMBER 31, 2022. LASTLY, THE REVISED BYLAWS INCLUDE PROVISION THAT AMENDMENTS TO THE CORPORATION'S BYLAWS BE APPROVED BY TWO-THIRDS (2/3) MAJORITY VOTE OF THE PIEDMONT ENVIRONMENTAL COUNCIL BOARD. FORM 990, PART VI, SECTION B, LINE 11B FOUNDATION'S PROCESS TO REVIEW FORM 990 - THE FORM 990 IS REVIEWED BY THE FOUNDATION'S PRESIDENT AND CIRCULATED TO THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C ENFORCEMENT OF CONFLICT OF INTEREST POLICY - NEW BOARD MEMBERS ATTEND A SESSION WHERE THEY BECOME FAMILIAR WITH THE FOUNDATION'S OPERATIONS, POLICIES AND PROCEDURES. ALSO, DURING THE RECRUITMENT PROCESS, EACH POTENTIAL MEMBER IS CAREFULLY VETTED FOR POTENTIAL CONFLICTS. FINALLY, THE POLICIES ARE PERIODICALLY REVIEWED AT BOARD MEETINGS AND ANNUALLY IN CONJUNCTION WITH THE REQUEST THAT THEY REVIEW THE ANNUAL AUDIT, AUDITOR'S REPORT AND TAX RETURNS. THE CONFLICT OF INTEREST POLICY IS REVIEWED WITH ALL BOARD MEMBERS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, ETC. DISCLOSURE EXPLANATION - THE PUBLIC, UPON INQUIRY, WILL BE PROVIDED COPIES OF SUCH DOCUMENTS. COPIES MAY ALSO BE FOUND ON THIRD PARTY WEBSITES, SUCH AS GUIDESTAR. ANNUAL REPORTS OF THE PIEDMONT ENVIRONMENTAL COUNCIL, AN ORGANIZATION SUPPORTED BY THE FOUNDATION, ARE MAILED TO ALL DONORS AND OTHER INTERESTED PARTIES. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF REMAINDER TRUSTS -261,591. FORM 990, PART XII, LINE 2C: THE FOUNDATION HAS NOT CHANGED EITHER ITS OVERSIGHT OR SELECTION PROCESS OF AN INDEPENDENT ACCOUNTANT DURING THE TAX YEAR. PIEDMONT ENVIRONMENTAL COUNCIL 45 HORNER STREET WARRENTON VA 20186 540935569 CONSERVATION VA 501(C)(3) LINE 7 N/A 0 1 1 1 1 1 0 0 0 0 0 0 0 1 1 0 1 0 0 0 PIEDMONT ENVIRONMENTAL COUNCIL B 1755428 GAAP PIEDMONT ENVIRONMENTAL COUNCIL E 151933 GAAP PIEDMONT ENVIRONMENTAL COUNCIL P 105141 GAAP