2022-05-02T15:30:54-05:00 2021-12-31 560570567 D M J & CO PLLC 703 GREEN VALLEY ROAD SUITE 201 GREENSBORO NC 27408 990 2021-01-01 561750279 PIEDMONT TRIAD PARTNERSHIP PIED 3368895156 PO BOX 2672 HIGH POINT NC 27261 MIKE FOX PRESIDENT AS OF 12/31/21 3366680473 2022-04-20 1 MIKE FOX 999009999 AMY B THABET CPA P01243405 3362759886 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z MIKE FOX PO BOX 2672 HIGH POINT NC 27261 1128819 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. 38 38 2 0 0 0 897582 988752 0 0 20943 10067 126192 130000 1044717 1128819 0 0 0 0 56941 51157 0 0 0 1120074 1147496 1177015 1198653 -132298 -69834 1502677 1385303 181234 133694 1321443 1251609 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 403846 REGIONAL MARKETING AND COMMUNICATIONS:PTP CONTINUED ITS PROGRAM OF WORK IN ECONOMIC DEVELOPMENT MARKETING AND BUSINESS DEVELOPMENT FOR THE 12-COUNTY REGION 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 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, AEROSPACE AND AVIATION, 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. 531037 REGIONAL ECONOMIC DEVELOPMENT REGIONAL ECONOMIC DEVELOPMENT FOCUSES IN SEVERAL AREAS. THE FOCUS IN 2021 AND FORWARD 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 AVIATION INDUSTRY PUBLIC/PRIVATE WITH FOCUS ON PTI AIRPORT EXPANSION, DEVELOPMENT OF THE TALENT PIPELINE AND DEVELOPMENT SYSTEMS IN THE REGION, AND SUPPORT FOR A REGIONAL APPROACH TO ENTREPRENEURIAL DEVELOPMENT. 934883 1 1 0 0 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 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 14 0 1 2 1 0 0 0 0 0 0 0 0 0 0 0 0 X 38 38 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X BRANDON FLINCHUM 3368895156 PO BOX 2672 HIGH POINT NC 27261 CANTEY ALEXANDER VICE CHAIRMAN 1.00 X X 0 0 0 SCOTT BAXTER VICE CHAIRMAN 1.00 X X 0 0 0 JON 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 THOMAS BOOTHBY 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 MICHIMASA FUJINO BOARD MEMBER 1.00 X 0 0 0 ALLEN GANT VICE CHAIRMAN 1.00 X X 0 0 0 JOHN GEIB BOARD MEMBER 1.00 X 0 0 0 NATHAN HATCH BOARD MEMBER 1.00 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 BOARD MEMBER 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 BOARD MEMBER 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 STANHOPE KELLY CEO 25.00 X 99350 0 0 MIKE FOX PRESIDENT AS OF SEPTEMBER 2021 25.00 X 40000 0 0 139350 0 0 0 0 0 0 COMMUNITY CAPACITY LLC 3409 DOGWOOD DRIVE GREENSBORO NC 27403 ADMINISTRATIVE/ECONOMIC DEVELOPMENT 157500 REED INTERNATIONAL AEROSPACE 1231 CHESTER ROAD WINSTONSALEM NC 27104 ADMINISTRATIVE/ECONOMIC DEVELOPMENT 137615 2 988752 988752 10067 10067 FOREIGN TRADE ZONE INC 561499 130000 130000 130000 1128819 130000 0 10067 X 42632 21316 21316 4365 2182 2183 4160 2080 2080 231808 92758 139050 1153 1153 29437 29437 2562 2562 4478 4478 309 309 2833 2833 STRATEGIC PROJECTS/CATA 403383 403383 COMMUNICATION EVENTS 378268 378268 CONTRACT ADMINISTRATION 69792 34896 34896 COMPUTER EXPENSE 16394 16394 7079 7079 1198653 934883 263770 0 382797 278185 901201 1101300 200000 0 12774 12619 464 155 18215 5663 1502677 1385303 94112 48694 87122 85000 181234 133694 X 1321443 1251609 1321443 1251609 1502677 1385303 -69834 0 X X 0 1 X 1 0 X 854226 877085 1068865 883680 988752 4672608 854226 877085 1068865 883680 988752 4672608 4672608 596 40942 36912 20943 10195 109588 105083 107000 115096 140094 130000 597273 5379469 0.86860 0.87700 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: FOREIGN TRADE ZONE INCOME - 2017 AMOUNT: $ 105,083. 2018 AMOUNT: $ 107,000. 2019 AMOUNT: $ 115,096. 2020 AMOUNT: $ 126,192. 2021 AMOUNT: $ 130,000. GRANT INCOME - 2020 AMOUNT: $ 13,902. 2021 AMOUNT: $ 0. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1 0 PART II-B, LINE 1: PART 1A 1. PTP DID NOT ENGAGE IN POLITICAL CAMPAIGN ACTIVITIES. PART 11B 1.A. BOARD MEMBERS WERE ENCOURAGED TO CONTACT STATE LEGISLATORS TO ADVOCATE FOR REGIONAL ECONOMIC DEVELOPMENT PRIORITIES. 12774 12619 155 155 UNEARNED REVENUE 85000 85000 X 1128819 0 1128819 0 1128819 1198653 0 1198653 0 1198653 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, 2021 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. X 1 25000 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 92,758. MANAGEMENT AND GENERAL EXPENSES 139,050. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 231,808. 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.