2020-06-10T14:52:08-05:00 2019-12-31 560570567 D M J & CO PLLC 703 GREEN VALLEY ROAD SUITE 201 GREENSBORO NC 27408 990 2019-01-01 561750279 PIEDMONT TRIAD PARTNERSHIP PIED 3368895156 PO BOX 2672 HIGH POINT NC 27261 STANHOPE A KELLY PRESIDENT/CEO 3366680473 2020-04-20 1 AMY B THABET CPA P01243405 3362759886 174.46.138.125 2020-04-20 14:54:58 ED P C3D7B7973E69325C9D5B509A357815316D66E22A 6B10DFE9C325C00BF6EFBEB63E2A76CCD0BB5E2B 2019 2020-09-23 17:36:50Z STANHOPE A KELLY PO BOX 2672 HIGH POINT NC 27261 1220873 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. 39 39 1 0 0 0 877085 1068865 0 0 40942 36912 330573 115096 1248600 1220873 0 0 0 0 28027 71825 0 0 0 996336 1387324 1024363 1459149 224237 -238276 1827159 1606334 135142 152593 1692017 1453741 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 427670 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 DEVELOP 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. 760481 REGIONAL ECONOMIC DEVELOPMENT REGIONAL ECONOMIC DEVELOPMENT FOCUSES IN SEVERAL AREAS. THE FOCUS IN 2019 AND FORWARD IS TOWARD THE FOLLOWING DEVELOPMENT AND STRATEGIC AREAS: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. 1188151 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 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 12 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 X 39 39 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 TERRY AKIN BOARD MEMBER 1.00 X 0 0 0 CANTEY ALEXANDER VICE-CHAIRMAN 1.00 X X 0 0 0 SCOTT BAXTER BOARD MEMBER 1.00 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 ADAM CURRY BOARD MEMBER 1.00 X 0 0 0 LOUIS DEJOY VICE-CHAIRMAN 1.00 X 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 RICHARD KENDALL BOARD MEMBER 1.00 X 0 0 0 KELLY KING 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 CLARENCE MCDONALD BOARD MEMBER 1.00 X 0 0 0 HAROLD MARTIN 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 ARTHUR MOORE 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 DOUG RASMUSSEN BOARD MEMBER 1.00 X 0 0 0 JOHN RISINGER 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 ROYSTER TUCKER III BOARD MEMBER 1.00 X 0 0 0 LISA VENABLE BOARD MEMBER 1.00 X 0 0 0 MARK WILEY BOARD MEMBER 1.00 X 0 0 0 STANHOPE KELLY PRESIDENT/CEO 25.00 X 276667 0 0 276667 0 0 1 0 1 0 SALTITUDE LLC 932 KENLEIGH CIRCLE WINSTONSALEM NC 27106 ADMINISTRATIVE/ECONOMIC DEVELOPMENT 276667 REED INTERNATIONAL AEROSPACE GROUP PO BOX 24218 WINSTONSALEM NC 27114 ECONOMIC DEVELOPMENT 199996 COMMUNITY CAPACITY LLC 3409 DOGWOOD DRIVE GREENSBORO NC 27403 ADMINISTRATIVE/ECONOMIC DEVELOPMENT 162500 DEVELOPMENT COUNSELLORS INTERNATIONAL 215 PARK AVENUE SOUTH 14 FL NEW YORK NY 10003 ECONOMIC DEVELOPMENT 155453 4 1068865 25274 1068865 36912 36912 FOREIGN TRADE ZONE INC 561499 115096 115096 115096 1220873 115096 0 36912 X 63734 31867 31867 8091 4045 4046 189315 67500 121815 1397 1397 29535 29535 2308 2308 9489 9489 309 309 2534 2534 STRATEGIC PROJECTS/CATA 597981 597981 COMMUNICATION EVENTS 391758 391758 CONTRACT ADMINISTRATION 100000 50000 50000 FOREIGN TRADE ZONE 45000 45000 17698 17698 1459149 1188151 270998 0 371411 143768 1134683 1149219 250000 257917 12774 12001 1082 773 69983 54657 1827159 1606334 38464 42350 96678 110243 135142 152593 X 1692017 1453741 1692017 1453741 1827159 1606334 -238276 0 X X 0 1 X 1 0 X 785982 808589 854226 877085 1068865 4394747 785982 808589 854226 877085 1068865 4394747 4394747 462 1306 596 40942 36912 80218 120188 61856 105083 107000 115096 509223 4984188 0.88170 0.92820 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: RENTAL INCOME - 2015 AMOUNT: $ 3,188. FOREIGN TRADE ZONE INCOME - 2015 AMOUNT: $ 117,000. 2016 AMOUNT: $ 61,856. 2017 AMOUNT: $ 105,083. 2018 AMOUNT: $ 107,000. 2019 AMOUNT: $ 115,096. 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 12001 773 773 UNEARNED REVENUE 107917 PAYROLL TAXES PAYABLE 1710 SIT PAYABLE 616 110243 X 1220873 0 1220873 0 1220873 1459149 0 1459149 0 1459149 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, 2019 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 STANHOPE KELLY PRESIDENT/CEO 216667 0 60000 0 0 0 0 0 0 0 276667 0 0 0 X 1 25274 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 67,500. MANAGEMENT AND GENERAL EXPENSES 121,815. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 189,315. 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.