2024-09-10T09:01:16-05:00 2023-12-31 560570567 DMJPS PLLC 703 GREEN VALLEY ROAD SUITE 201 GREENSBORO NC 27408 990 2023-01-01 561750279 PIEDMONT TRIAD PARTNERSHIP PIED 3366684556 416 GALLIMORE DAIRY RD M GREENSBORO NC 27409 MIKE FOX PRESIDENT & CEO 3366680473 2024-09-05 1 0 AMY B THABET CPA P01243405 3362759886 2024-08-27 2023 2024-08-08 14:25:15Z MIKE FOX 416 GALLIMORE DAIRY RD M GREENSBORO NC 27409 1688301 0 X WWW.PIEDMONTTRIADNC.COM X 1991 NC TO SERVE AS A REGIONAL ORGANIZATION TO PROMOTE THE TWELVE COUNTY AREA PIEDMONT TRIAD, NORTH CAROLINA, FOR THE PURPOSE OF ENHANCING ECONOMIC DEVELOPMENT OPPORTUNITIES. 46 46 1 0 0 0 984474 1516384 0 0 450 26063 123500 145854 1108424 1688301 0 0 0 0 68990 73062 0 0 0 1333469 1497806 1402459 1570868 -294035 117433 1146131 1216937 188557 141930 957574 1075007 X THE PARTNERSHIP WAS FORMED 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. 0 0 358994 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. 917153 145854 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. 1276147 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 19 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 X 46 46 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NC X BETSY HARRIS 3364089111 416 GALLIMORE DAIRY RD SUITE M GREENSBORO NC 27409 SCOTT BAXTER VICE CHAIRMAN 1.00 X X 0 0 0 APRILLE BELL BOARD MEMBER 1.00 X 0 0 0 GRAHAM BENNETT BOARD MEMBER 1.00 X 0 0 0 DR CONNIE BOOK BOARD MEMBER 1.00 X 0 0 0 CINDY CLARE BOARD MEMBER 1.00 X 0 0 0 LOUISE BRADY BOARD MEMBER 1.00 X 0 0 0 MARK BRAZIL BOARD MEMBER 1.00 X 0 0 0 JOE BUDD BOARD MEMBER 1.00 X 0 0 0 MARY JO CAGLE BOARD MEMBER 1.00 X 0 0 0 ELISE PETERS CAREY BOARD MEMBER 1.00 X 0 0 0 DAVID CONGDON BOARD MEMBER 1.00 X 0 0 0 ADAM CURRIE BOARD MEMBER 1.00 X 0 0 0 LOUIS DEJOY VICE CHAIRMAN 1.00 X X 0 0 0 ROBERT EGLESTON BOARD MEMBER 1.00 X 0 0 0 DONALD FLOW CO-CHAIRMAN 1.00 X X 0 0 0 JULIE ANN FREISCHLAG VICE CHAIRMAN 1.00 X X 0 0 0 BRIAN STADING BOARD MEMBER 1.00 X 0 0 0 ALLEN GANT VICE CHAIRMAN 1.00 X X 0 0 0 DARLENE LEONARD BOARD MEMBER 1.00 X 0 0 0 ROBERT LONG CO-CHAIRMAN 1.00 X X 0 0 0 HAROLD MARTIN VICE CHAIRMAN 1.00 X 0 0 0 CLARENCE MCDONALD BOARD MEMBER 1.00 X 0 0 0 JIM MELVIN VICE CHAIRMAN 1.00 X X 0 0 0 DAVID MOUNTS BOARD MEMBER 1.00 X 0 0 0 DAVID NEILL BOARD MEMBER 1.00 X 0 0 0 LENNY PETERS BOARD MEMBER 1.00 X 0 0 0 JIM PHILLIPS BOARD MEMBER 1.00 X 0 0 0 NIDO QUBEIN CO-CHAIRMAN 1.00 X X 0 0 0 KIRSTEN ROYSTER BOARD MEMBER 1.00 X 0 0 0 ARTHUR SAMET VICE CHAIRMAN 1.00 X 0 0 0 BILL SMITH SECRETARY-TREASURER 1.00 X X 0 0 0 ROBIN TEAM BOARD MEMBER 1.00 X 0 0 0 MICHAEL WALKER BOARD MEMBER 1.00 X 0 0 0 MARK WILEY BOARD MEMBER 1.00 X 0 0 0 TAYLOR WILLIAMS BOARD MEMBER 1.00 X 0 0 0 SUSAN WENTE BOARD MEMBER 1.00 X 0 0 0 SPENCER BAIRD BOARD MEMBER 1.00 X 0 0 0 JENNIFER BYRNE BOARD MEMBER 1.00 X 0 0 0 FRANK GILLIAM BOARD MEMBER 1.00 X 0 0 0 MIKE TROPSHA BOARD MEMBER 1.00 X 0 0 0 RICHARD VANORE BOARD MEMBER 1.00 X 0 0 0 TODD WILLIAMS BOARD MEMBER 1.00 X 0 0 0 HIDETO YAMASAKI BOARD MEMBER 1.00 X 0 0 0 JENNA KELLY VICE CHAIRMAN 1.00 X X 0 0 0 BILL ROBERTS BOARD MEMBER 1.00 X 0 0 0 JOHN MORROW BOARD MEMBER 1.00 X 0 0 0 STANHOPE KELLY EXECUTIVE CHAIRMAN 5.00 X 40000 0 0 MIKE FOX PRESIDENT AND CEO 25.00 X 219996 0 0 259996 0 0 1 0 1 0 MGAD LLC DBA MYTHIC 6201 FAIRVIEW RD SUITE 200 CHARLOTTE NC 28210 MARKETING AND ADVERTISING 422848 COMMUNITY CAPACITY LLC 3409 DOGWOOD DRIVE GREENSBORO NC 27403 ADMINISTRATIVE/ECONOMIC DEVELOPMENT 157500 2 1516384 1516384 26063 26063 FOREIGN TRADE ZONE INC 561499 117000 117000 BUSINESS DEVELOPMENT M 561499 28854 28854 145854 1688301 145854 0 26063 X 58690 29345 29345 8936 4468 4468 5436 2718 2718 233665 102899 130766 29784 29784 2551 2551 14604 14604 4126 4126 8197 8197 528 528 3780 3780 MORE IN THE CORE CAMPAI 493985 493985 STRATEGIC PROJECTS/CATA 210270 210270 CONTRACT ADMINISTRATION 174998 109999 64999 PUBLIC RELATIONS 152362 152362 168956 140317 28639 1570868 1276147 294721 0 193713 261163 901394 927797 2488 0 500 18056 13698 4886 4358 43650 23119 1146131 1216937 17380 8771 171177 133159 188557 141930 X 957574 1075007 957574 1075007 1146131 1216937 117433 0 X X 0 1 X 1 0 X 1068865 883680 988752 984472 1516384 5442153 1068865 883680 988752 984472 1516384 5442153 5442153 36912 20943 10195 26404 94454 115096 140094 130000 123500 145854 654544 6191151 0.87900 0.86890 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: FOREIGN TRADE ZONE INCOME - 2019 AMOUNT: $ 115,096. 2020 AMOUNT: $ 126,192. 2021 AMOUNT: $ 130,000. 2022 AMOUNT: $ 123,500. 2023 AMOUNT: $ 117,000. GRANT INCOME - 2020 AMOUNT: $ 13,902. BUSINESS DEVELOPMENT MARKETING CONTRACT INCOME - 2023 AMOUNT: $ 28,854. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 0 0 0 0 0 0 0 1 0 0 5282 924 4358 12774 12774 0 4358 UNEARNED REVENUE 115000 LEASE LIABILITY 18159 133159 X 1688301 0 1688301 0 1688301 1570868 0 1570868 0 1570868 PART X, LINE 2: THE PARTNERSHIP IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3). ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR INCOME TAXES. THE PARTNERSHIP ACCOUNTS FOR UNCERTAIN INCOME TAX POSITIONS BY PRESCRIBING A MINIMUM PROBABILITY THRESHOLD A TAX POSITION MUST MEET BEFORE A FINANCIAL STATEMENT INCOME TAX BENEFIT IS RECOGNIZED. THE MINIMUM THRESHOLD IS DEFINED AS A TAX POSITION, BASED SOLELY ON ITS TECHNICAL MERITS, THAT WOULD MORE LIKELY THAN NOT BE SUSTAINED UPON EXAMINATION BY THE RELEVANT TAX AUTHORITY WITH KNOWLEDGE OF THE SAME FACTS. THE TAX BENEFIT TO BE RECOGNIZED IS MEASURED AS THE LARGEST AMOUNT OF BENEFIT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED UPON ULTIMATE RESOLUTION. BASED ON ALL KNOWN FACTS AND CIRCUMSTANCES AND CURRENT TAX LAW, THE PARTNERSHIP BELIEVES THE TOTAL AMOUNT OF UNCERTAIN INCOME TAX POSITION LIABILITIES AND RELATED ACCRUED INTEREST ARE NOT MATERIAL TO ITS FINANCIAL POSITION. AS OF DECEMBER 31, 2023 AND INCLUDING THE PREVIOUS THREE YEARS CONSIDERING EXTENSIONS, THE PARTNERSHIP'S INCOME TAX RETURNS ARE OPEN AND SUBJECT TO EXAMINATION BY TAX AUTHORITIES WITH RELEVANT JURISDICTION. SHOULD SUCH AN EXAMINATION TAKE PLACE, MANAGEMENT DOES NOT ANTICIPATE ANY SIGNIFICANT ISSUES RELATED TO THE OPEN YEARS. 0 0 0 0 0 0 0 0 0 MIKE FOX PRESIDENT AND CEO 219996 0 0 0 0 0 0 0 0 0 219996 0 0 0 X 1 40382 AVERAGE OF HIGH AND LOW 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 THE PIEDMONT TRIAD AREA IS A THRIVING COMMUNITY WHERE LOCAL AND STATE GOVERNMENTS AND BUSINESSES HAVE BUSINESS RELATIONSHIPS WITH EACH OTHER. SEVERAL BOARD MEMBERS WORK FOR VARIOUS COMPANIES AND LOCAL GOVERNMENTS IN THE STATE OF NORTH CAROLINA AND AT ONE TIME OR ANOTHER HAVE ENGAGED IN BUSINESS RELATIONSHIPS WITH EACH OTHER. FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE COMMITTEE EMPOWERED WITH AUTHORITY BY THE BOARD OF DIRECTORS, REVIEWS AND APPROVES THE 990 ON BEHALF OF THE BOARD OF DIRECTORS PRIOR TO ITS FILING FORM 990, PART VI, SECTION B, LINE 12C THE DIRECTOR, OFFICER OR KEY EMPLOYEE WITH A CONFLICT OF INTEREST MAY PARTICIPATE IN THE DISCUSSION, BUT MAY NOT VOTE ON THE TRANSACTION. DIRECTORS, OFFICERS, AND KEY EMPLOYEES DISCLOSE ANNUALLY INTERESTS THAT COULD GIVE RISE TO A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT'S AND EXECUTIVE VICE PRESIDENT'S COMPENSATION REQUIRES REVIEW, APPROVAL AND DOCUMENTATION IN WRITING BY BOARD MEMBERS ENTRUSTED WITH THAT DUTY AND IS DETERMINED BY UTILIZING COMPARABILITY DATA. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE EMAILED TO INVESTORS AND POTENTIAL INVESTORS EACH MONTH IN ADDITION TO BEING DISTRIBUTED AT BOARD MEETINGS. ALL OTHER DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G PROFESSIONAL CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 102,899. MANAGEMENT AND GENERAL EXPENSES 130,766. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 233,665. FORM 990, PART IX, LINE 24E BUSINESS DEVELOPMENT MARKETING: PROGRAM SERVICE EXPENSES 138,698. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 138,698. LEASE EXPENSE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 21,362. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 21,362. TELEPHONE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 3,491. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,491. SUBSCRIPTIONS/MEMBERSHIPS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 3,112. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,112. COLLATERAL DEVELOPMENT: PROGRAM SERVICE EXPENSES 1,619. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,619. STATIONARY/PRINTING EXP: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 455. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 455. POSTAGE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 219. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 219. FORM 990, PART XII LINE 2C THE ORGANIZATION HAS NOT CHANGED ITS PROCESS FOR OVERSIGHT OF THE AUDIT OR SELECTION OF AN INDEPENDENT ACCOUNTANT FROM THE PRIOR TAX YEAR.