Piedmont Triad Film Commission
Nonprofit profile at a glance
- EIN
- 311739694
- IRS 990 coverage
- 2021–2024
- Forms available
- Form 990 2024, Form 990-EZ 2020
- Location
- Winston Salem, NC, USA
- Phone
- 3363930001
- Rating
- 76
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Economic Development
Reported finances
- Revenue
- $131,913
- Expenses
- $129,960
- Assets
- $163,173
- Liabilities
- $2,037
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Highest reported compensation
- REBECCA CLARK (EXECUTIVE DI): $84,499 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To promote economic growth in the piedmont triad area by marketing the regions locations, crew infrastructure/support services to recruit film, commercialm tv and still photography production company jobs and businesses.
What it reported doing in 2024
During the reporting period, the piedmont triad film commission utilized its funding to recruit and support film, television, commercial, and still photography production throughout the piedmont triad region of North Carolina. The commission provided location scouting, permitting guidance, and logistical coordination for multiple projects, including production support for the feature film the bard, a home depot commercial production, the television series military makeover, and independent film projects such as granny hands. The organization also assisted location scouts exploring the region for additional productions, supported still photography campaigns, and helped student filmmakers and emerging industry professionals navigate local resources. Through ongoing collaboration with economic development partners, tourism agencies, and the North Carolina film office, the commission markets the regions diverse locations and production resources to producers nationwide. These efforts generate economic activity for local businessesincluding hotels, restaurants, construction trades, transportation providers, and equipment vendorswhile creating employment opportunities for regional crew members and graduates of local film programs.
Operating model
- Revenue model
- Grant-funded. 94% of the money available for current operations came from government grants.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Some filing-based governance responses are negative or unanswered and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 68
- Transparency & Controls: 92
- Accountability: 74
- Sustainability: 39
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 70.6%; rating input score 71
- Program expense ratio: 71.6%; rating input score 72
- Fundraising efficiency: $10.78 raised per $1 spent on fundraising; rating input score 41; 41st percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 3 of 8 controls in place; rating input score 38
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 1.5%; rating input score 43; 43rd percentile among comparable filings
- Total-asset coverage ratio: 1.26; rating input score 47; 47th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 44; 44th percentile among comparable filings
- Officer compensation ratio: 65%; rating input score 2; 2nd percentile among comparable filings
Growth
- Program expense growth: 9.2% per year; rating input score 100; 68th percentile among comparable filings
- Revenue growth: 1.4% per year; rating input score 100; 31st percentile among comparable filings
- Asset growth: -0.9% per year; rating input score 0; 21st percentile among comparable filings
Details
- Where the money goes: 70.6% of revenue deployed · 71.6% of spending went to programs
- Governance: 6 of 6 board members independent · 3 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $93K in reported program spending
- Leadership: top reported pay $84K · 10 people listed
- Consistency: 19 of 19 current checks pass
- Schedules: 3 filed schedules · includes major donors
- Filing history: 4 filing years from 2021 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Accountability: Governance controls: 4 of 7 not reported.
- Moderate — Financial Efficiency: Fundraising efficiency scored 41/100.
- Moderate — Sustainability: Operating margin scored 43/100.
- High — Growth: Asset growth scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 47/100.
- High — Sustainability: Officer compensation ratio scored 2/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 44/100.