Overview
What is Piedmont Triad Partnership?
Piedmont Triad Partnership is a regional organization, headquartered in High Point, North Carolina, dedicated to promoting economic development opportunities in a 12-county area. Their primary focus involves marketing, advertising, and promoting the Piedmont Triad region, aiming to enhance economic growth. They achieve this by attending industry meetings, having one-on-one meetings with companies, advertising in various media outlets, and employing personnel to support these activities. Their efforts mainly target industrial product development, talent and workforce development, aerospace and aviation, and other promising sectors in advanced technology and manufacturing fields. Recently, they expanded their mission to also market to potential talent, recognizing the need for a larger talent pool to fuel economic success in the region. With a small staff of one individual, they strive to attract businesses and individuals to the Piedmont Triad region.
Official website here: www.piedmonttriadnc.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Stars
The Piedmont Triad Partnership has achieved an impressive score of 96%, which corresponds to a Four-Star rating on Charity Navigator. This high rating reflects the organization's strong commitment to accountability and finance, as evidenced by its exceptional performance in various operational metrics. The organization boasts a fully independent board and has demonstrated effective financial management, with a program expense ratio of 77.56%, indicating a substantial portion of its resources is directed towards its mission-driven programs.
Strengths of the Piedmont Triad Partnership are highlighted by its comprehensive governance policies, including a robust conflict of interest policy and a whistleblower policy, both of which are critical for maintaining transparency and trust. Additionally, the organization has a solid liabilities to assets ratio of 16.45%, suggesting prudent financial stewardship. The presence of an Audit and Oversight Committee further enhances its financial accountability.
While the data reflects a strong overall performance, it is important for potential donors and stakeholders to consider that ratings primarily focus on a single beacon score of accountability and finance. This means that while financial sustainability is well-addressed, other areas such as program efficiency and impact may warrant further exploration to gain a full understanding of the organization's effectiveness in achieving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Piedmont Triad Partnership legitimate?
Piedmont Triad Partnership is a legitimate nonprofit organization registered as a 501(c)(3) entity. Piedmont Triad Partnership submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
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Other Salaries and Wages: $55,000
For more financial information, click here
Official website here: www.piedmonttriadnc.com
What is the mission statement of Piedmont Triad Partnership?
The Piedmont Triad Partnership serves as a regional organization, aiming to enhance economic development opportunities in a twelve-county area. Its mission is to market, advertise, and promote this region, ultimately contributing to the improvement of economic development prospects. The partnership engages in various activities, such as branding and marketing the Carolina Core brand, attending industry meetings, advertising in print and digital media, and supporting business development efforts in promising sectors like advanced technology and manufacturing. Additionally, they expand their marketing efforts to attract talent to the region, recognizing the importance of a skilled workforce for economic success.
Official website here: www.piedmonttriadnc.com
Who is the CEO of Piedmont Triad Partnership?
Mike Fox is the Vice Chairman of Piedmont Triad Partnership. The CEO's salary of Piedmont Triad Partnership is $206,664 and their total compensation is $206,664.
Official website here: www.piedmonttriadnc.com
What is the revenue of Piedmont Triad Partnership?
Piedmont Triad Partnership's revenue in 2022 was $1,108,424.
Official website here: www.piedmonttriadnc.com
Who are the executives of Piedmont Triad Partnership and what are their salaries?
The average compensation at Piedmont Triad Partnership during 2022 was $55,000. There is 1 employee at Piedmont Triad Partnership.
Here are 52 key members and their salaries (Piedmont Triad Partnership's CEO's salary is $206,664 and their total compensation is $206,664):
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Official website here: www.piedmonttriadnc.com
Where can I find the form 990 for Piedmont Triad Partnership?
Piedmont Triad Partnership's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.piedmonttriadnc.com
Learn more at the official website: www.piedmonttriadnc.com
Mission Statement of Piedmont Triad Partnership
The Piedmont Triad Partnership, serving as a regional organization, is committed to enhancing economic development opportunities in a twelve-county area. This nonprofit was formed with the purpose of marketing, advertising, and promoting the region, aiming to attract businesses and foster growth. To achieve this mission, the organization engages in various activities, such as branding and marketing the Carolina Core brand, attending industry meetings, and advertising in print and digital media. The tactics employed by Piedmont Triad Partnership focus on promising sectors, including industrial product development, talent and workforce development, aerospace and aviation, and advanced technology and manufacturing fields. Through these efforts, the nonprofit aims to identify new prospects for job growth, support businesses making location decisions, and promote the region through media and public relations. The organization has expanded its marketing strategy to include attracting talent, recognizing the need for a larger talent pool to fuel economic success.
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Impact
July, 2024
Piedmont Triad Partnership's impact on the twelve-county Piedmont Triad region of North Carolina has been significant in enhancing economic development opportunities. Through its regional marketing and communications initiatives, the organization has effectively promoted the Carolina Core brand, attracting new prospects for job growth in various sectors such as advanced technology, manufacturing, aerospace, and aviation. By refreshing collateral materials, engaging in targeted advertising, and conducting one-on-one meetings with companies and advisors, Piedmont Triad Partnership has supported the progress of businesses making location decisions in the region.
Additionally, the Partnership has expanded its program to include marketing efforts targeting potential talent looking to relocate to the area. Recognizing the need for an increased talent pool to drive economic success, Piedmont Triad Partnership has focused on workforce development to ensure businesses have access to skilled individuals to support their growth. Overall, the organization's efforts have contributed to the economic advancement and attractiveness of the Piedmont Triad region, fostering community improvement and sustainable growth.
This information is meant to be a general summary of Piedmont Triad Partnership. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $450
- Gross Receipts: $1,108,424
Assets and Liabilities:
- Total Assets: $1,146,131
- Total Liabilities: $188,557
- Net Assets: $957,574
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Organization Details
Founding Year
1991
Phone
(336) 668-4556Principal Officer
Mike Fox
Main Address
PO BOX 2672, HIGH POINT, NC, 27261
Website
www.piedmonttriadnc.comNTEE Category
Code: S30 - Community improvement
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