Piedmont Triad Partnership

Nonprofit profile at a glance

EIN
561750279
IRS 990 coverage
2009–2025
Forms available
Form 990 2025
Location
Greensboro, NC, USA
Phone
3366684556
Rating
72
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Economic Development

Official website

Reported finances

Revenue
$1,943,011
Expenses
$1,797,139
Assets
$1,743,183
Liabilities
$205,454

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

56 people listed

Executive titles in this filing

  • MIKE FOX (PRESIDENT AND CEO)

Highest reported compensation

  • MIKE FOX (PRESIDENT AND CEO): $219,996 total reported compensation
  • STANHOPE KELLY (EXECUTIVE CHAIRMAN): $40,000 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

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.

What it reported doing in 2025

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.

Operating model

Revenue model
Donor-supported. 91% of the money available for current operations came from contributions and gifts.
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 - A large share of available resources goes toward mission work and most voting board members are independent. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 71
  • Transparency & Controls: 65
  • Accountability: 100
  • Sustainability: 43
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 77.5%; rating input score 78
  • Program expense ratio: 83.4%; rating input score 83
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • 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; 64th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 7.5%; rating input score 51; 51st percentile among comparable filings
  • Total-asset coverage ratio: 0.97; rating input score 42; 42nd percentile among comparable filings
  • Liabilities to assets ratio: 0.12; rating input score 32; 32nd percentile among comparable filings
  • Officer compensation ratio: 14.5%; rating input score 26; 26th percentile among comparable filings

Growth

  • Program expense growth: 6.5% per year; rating input score 100; 44th percentile among comparable filings
  • Revenue growth: -11.1% per year; rating input score 0; 2nd percentile among comparable filings
  • Asset growth: -1.9% per year; rating input score 0; 11th percentile among comparable filings

Details

  • Where the money goes: 77.5% of revenue deployed · 83.4% of spending went to programs
  • Governance: 56 of 56 board members independent · 9 of 9 filing controls reported
  • Programs: 2 filed program accomplishments · $1.5M in reported program spending
  • Leadership: top reported pay $220K · 56 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed · $158K reported
  • Consistency: 28 of 28 current checks pass
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 13 filing years from 2009 to 2025
  • 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.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Sustainability: Operating margin scored 51/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 42/100.
  • High — Sustainability: Officer compensation ratio scored 26/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 32/100.