2025-10-01T12:51:24-05:00 2024-12-31 560570567 DMJPS PLLC 703 GREEN VALLEY ROAD SUITE 201 GREENSBORO NC 27408 990 2024-01-01 561750279 PIEDMONT TRIAD PARTNERSHIP PIED 3366684556 416 GALLIMORE DAIRY RD M GREENSBORO NC 27409 MIKE FOX PRESIDENT & CEO 3366680473 2025-09-30 1 0 AMY B THABET CPA P01243405 3362759886 2025-09-30 2024 2025-03-06 01:10:19Z MIKE FOX 416 GALLIMORE DAIRY RD M GREENSBORO NC 27409 1853083 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. 49 49 1 0 0 0 1516384 1716113 0 0 26063 29970 145854 107000 1688301 1853083 0 0 0 0 73062 75898 0 0 0 1497806 1460335 1570868 1536233 117433 316850 1216937 1583079 141930 191222 1075007 1391857 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 303349 REGIONAL MARKETING AND COMMUNICATIONS:PTP CONTINUED ITS PROGRAM OF WORK IN ECONOMIC DEVELOPMENT MARKETING AND BUSINESS DEVELOPMENT 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. 905578 107000 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 INFRASTRUCTURE FOR ECONOMIC DEVELOPMENT PROPERTIES. 1208927 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 18 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 X 49 49 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X BETSY HARRIS 3366684556 416 GALLIMORE DAIRY RD SUITE M GREENSBORO NC 27409 SCOTT BAXTER VICE CHAIRMAN 1.00 X X 0 0 0 JIM MELVIN VICE CHAIRMAN 1.00 X X 0 0 0 ALLEN GANT VICE CHAIRMAN 1.00 X X 0 0 0 NIDO QUBEIN VICE CHAIRMAN 1.00 X X 0 0 0 ROBERT LONG VICE CHAIRMAN 1.00 X X 0 0 0 DONALD FLOW VICE CHAIRMAN 1.00 X X 0 0 0 HAROLD MARTIN VICE CHAIRMAN 1.00 X 0 0 0 LOUIS DEJOY VICE CHAIRMAN 1.00 X X 0 0 0 JULIE ANN FREISCHLAG VICE CHAIRMAN 1.00 X 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 ADAM CURRIE BOARD MEMBER 1.00 X 0 0 0 DARLENE LEONARD BOARD MEMBER 1.00 X 0 0 0 BRIAN STADING BOARD MEMBER 1.00 X 0 0 0 ROBERT EGLESTON BOARD MEMBER 1.00 X 0 0 0 DAVID NEILL BOARD MEMBER 1.00 X 0 0 0 JOE BUDD BOARD MEMBER 1.00 X 0 0 0 DAVID CONGDON BOARD MEMBER 1.00 X 0 0 0 CHRIS DUNBAR 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 LOUISE BRADY BOARD MEMBER 1.00 X 0 0 0 MARK BRAZIL BOARD MEMBER 1.00 X 0 0 0 CLARENCE MCDONALD BOARD MEMBER 1.00 X 0 0 0 APRILLE BELL BOARD MEMBER 1.00 X 0 0 0 MICHAEL WALKER BOARD MEMBER 1.00 X 0 0 0 DR CONNIE BOOK BOARD MEMBER 1.00 X 0 0 0 MIKE TROPSHA BOARD MEMBER 1.00 X 0 0 0 GRAHAM BENNETT BOARD MEMBER 1.00 X 0 0 0 NICOLE PETERS BOARD MEMBER 1.00 X 0 0 0 DAVID MOUNTS BOARD MEMBER 1.00 X 0 0 0 TAYLOR WILLIAMS BOARD MEMBER 1.00 X 0 0 0 GREG COX BOARD MEMBER 1.00 X 0 0 0 ROBIN TEAM BOARD MEMBER 1.00 X 0 0 0 CINDY CLARE BOARD MEMBER 1.00 X 0 0 0 KIRSTEN ROYSTER BOARD MEMBER 1.00 X 0 0 0 HIDETO YAMASAKI BOARD MEMBER 1.00 X 0 0 0 JOHN MORROW BOARD MEMBER 1.00 X 0 0 0 BILL ROBERTS BOARD MEMBER 1.00 X 0 0 0 DAVID GRIFFIN JR BOARD MEMBER 1.00 X 0 0 0 TODD WILLIAMS BOARD MEMBER 1.00 X 0 0 0 RICHARD VANORE BOARD MEMBER 1.00 X 0 0 0 PETER VOORHOEVE BOARD MEMBER 1.00 X 0 0 0 FRANK GILLIAM BOARD MEMBER 1.00 X 0 0 0 JENNIFER BYRNE BOARD MEMBER 1.00 X 0 0 0 SPENCER BAIRD BOARD MEMBER 1.00 X 0 0 0 SUSAN WENTE BOARD MEMBER 1.00 X 0 0 0 BEN STATON BOARD MEMBER 1.00 X 0 0 0 ANITA BACHMANN BOARD MEMBER 1.00 X 0 0 0 BRENT CHRISTENSEN BOARD MEMBER - EX OFFICIO 1.00 X 0 0 0 PETER BISHOP BOARD MEMBER - EX OFFICIO 1.00 X 0 0 0 KEVIN BAKER BOARD MEMBER - EX OFFICIO 1.00 X 0 0 0 KEVIN FRANKLIN BOARD MEMBER - EX OFFICIO 1.00 X 0 0 0 MARK OWENS BOARD MEMBER - EX OFFICIO 1.00 X 0 0 0 ALLEN JOINES BOARD MEMBER - EX OFFICIO 1.00 X 0 0 0 MIKE FOX PRESIDENT AND CEO 25.00 X 219996 0 0 STANHOPE KELLY EXECUTIVE CHAIRMAN 5.00 X 40000 0 0 259996 0 0 1 0 1 0 MGAD LLC DBA MYTHIC 6201 FAIRVIEW RD SUITE 200 CHARLOTTE NC 28210 MARKETING AND ADVERTISING 234629 COMMUNITY CAPACITY LLC 3409 DOGWOOD DRIVE GREENSBORO NC 27403 ADMINISTRATIVE/ECONOMIC DEVELOPMENT 157500 2 1716113 1716113 29970 29970 FOREIGN TRADE ZONE INC 561499 107000 107000 107000 1853083 107000 0 29970 X 61106 30553 30553 9065 4532 4533 5727 2864 2863 277479 113564 163915 15890 15890 2681 2681 14807 1950 12857 3010 3010 4431 4431 528 528 4764 4764 MORE IN THE CORE CAMPAI 429153 429153 STRATEGIC PROJECTS/CATA 244528 244528 CONTRACT ADMINISTRATION 187916 118333 69583 PUBLIC RELATIONS 155000 155000 120148 92560 27588 1536233 1208927 327306 0 261163 558227 927797 961075 500 0 18056 14226 4358 3830 23119 59947 1216937 1583079 8771 38395 133159 152827 141930 191222 X 1075007 1391857 1075007 1391857 1216937 1583079 316850 0 X X 0 1 X 1 0 X 883680 988752 984472 1516384 1716113 6089401 883680 988752 984472 1516384 1716113 6089401 2483911 3605490 20943 10195 26404 29970 87512 140094 130000 123500 145854 107000 646448 6823361 0.52840 0.87900 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: FOREIGN TRADE ZONE INCOME - 2020 AMOUNT: $ 126,192. 2021 AMOUNT: $ 130,000. 2022 AMOUNT: $ 123,500. 2023 AMOUNT: $ 117,000. 2024 AMOUNT: $ 107,000. GRANT INCOME - 2020 AMOUNT: $ 13,902. BUSINESS DEVELOPMENT MARKETING CONTRACT INCOME - 2023 AMOUNT: $ 28,854. 2024 AMOUNT: $ 0. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 0 0 0 0 0 1 0 0 0 0 PART II-B, LINE 1: BOARD MEMBERS WERE URGED TO REACH OUT TO STATE AND FEDERAL OFFICIALS TO PERSUE REGIONAL PRIORITIES. 5282 1452 3830 12774 12774 0 3830 UNEARNED REVENUE 95000 LEASE LIABILITY 57827 152827 X 1853083 0 1853083 0 1853083 1536233 0 1536233 0 1536233 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, 2024 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 35111 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 113,564. MANAGEMENT AND GENERAL EXPENSES 163,915. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 277,479. 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.