PIEDMONT EDUCATIONAL FOUNDATION INC Charity Report

Public IRS 990 nonprofit record

PIEDMONT EDUCATIONAL FOUNDATION INC

EIN 56-6061289

What they do

THE PURPOSE for WHICH THIS CORPORATION is ORGANIZED and for WHICH IT SHALL BE MAINTAINED ARE to AID, ASSIST and PROMOTE BY DONATIONS and OTHERWISE LENOIR RHYNE COLLEGE, HICKORY, NORTH CAROLINA, AND, IN THE INTEREST of SAID COLLEGE, to PROVIDE SCHOLARSHIPS and OTHER AIDS to WORTHY YOUNG PEOPLE DESIROUS of OBTAINING EDUCATION IN ATTENDANCE AT SUCH COLLEGE and to ASSIST BY GRANT, DONATION, or OTHERWISE, THE TEACHING STAFF and FACULTY of SUCH COLLEGE.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $60.80 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2017The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders39 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

50.57%of revenue went to mission work60.8% of expenses · Program services

30.12%of revenue went to fundraising36.2% of expenses

$83.24spent for every $100 of revenueRevenue covered expenses this year.

2.54%of revenue went to management and office costs3.1% of expenses

$0.97in assets for every $1 spent this yearSome assets cannot be spent right away.

70.5%of its money came from giftsOther money may come from services or investments.

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Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $72,786 for TERRI LIVINGSTON (MANAGING DIRECTOR). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2017

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$570,065

Mission workProgram services$288,28350.57% of revenue60.8% of expenses

ManagementOffice and general costs$14,4912.54% of revenue3.1% of expenses

FundraisingAsking for donations$171,72230.12% of revenue36.2% of expenses

Revenue left after expensesReported annual surplus$95,56916.76% of revenueShown in gray on the chart

Total expenses$474,49683.24% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2017CurrentExpense mix: 60.8% mission · 3.1% management · 36.2% fundraisingTotal expenses: 83.24% of revenue

2016Expense mix: 27.2% mission · 41.1% management · 31.8% fundraisingTotal expenses: 182.47% of revenue

2015Expense mix: 59.6% mission · 5.5% management · 34.9% fundraisingTotal expenses: 81.11% of revenue

Money in and money out

Revenue$570,065

Expenses$474,496

Annual surplus $95,569 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$288,283 · 60.8% of expenses

Management and office costs$14,491 · 3.1% of expenses

Fundraising$171,722 · 36.2% of expenses

See all reported dollar amounts

Revenue$570,065

Expenses$474,496

Assets$458,545

Contributions$401,681

Mission work (program services)$288,283

Fundraising$171,722

Management and general$14,491

Stocks and bonds$227,773

Accounting fees$19,251

People

Leadership and board

Tax year 2017

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

TERRI LIVINGSTONMANAGING DIRECTOR · 1 hrs/week $72,786Base $54,104 · Other $18,682

DR FREDERICK K WHITTTRUSTEE · 1 hrs/week $43,357Base · Other $43,357

PETER KENDALLVP FINANCE · 1 hrs/week $25,222Base · Other $25,222

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (39)

TERRI LIVINGSTONMANAGING DIRECTOR

DR FREDERICK K WHITTTRUSTEE

PETER KENDALLVP FINANCE

ROGER MAXEYTRUSTEE

MARCELLENA TEAGUETRUSTEE

MARVIN EVERETTTRUSTEE

MATT WINTERSTRUSTEE

NOAH GEOGHEGANTRUSTEE

PEDIE KINGTRUSTEE

PERRELL BESSTRUSTEE

RHETT DURHAMTRUSTEE

LESLIE KENWORTHYTRUSTEE

ROGER YOUNGTRUSTEE

ROSS PENLANDTRUSTEE

RYAN EDWARDSPRESIDENT

SAM HOLTSCLAWTRUSTEE

STEVE BOWMANTRUSTEE

STEVE MULLTRUSTEE

THOMAS DEALTRUSTEE

TOM GUTHRIETRUSTEE

DAVID BLACKTRUSTEE

BEN BUNDYIMMEDIATE PAST PRESIDENT

BLAIR CODY IIITRUSTEE

BOB FINCHERVICE PRESIDENT

BRENDAN MURPHYTRUSTEE

BUSTER MANNTRUSTEE

CAROLYN MORETZTRUSTEE

CINDY CHAPPELLTRUSTEE

DANIEL BRITTAINTRUSTEE

DAVE ROBERTSONTRUSTEE

LINDA WATTSTRUSTEE

DAVID MITCHELLTRUSTEE

ED BYRDTRUSTEE

FRED BROWNTRUSTEE

INGRID SMITHTRUSTEE

JAMEIL SURRATTTRUSTEE

JASON PORTERTREASURER

JOHN MORETZTRUSTEE

JON SWIFTTRUSTEE

About this charity

Location: PO BOX 7164, HICKORY, NC 28603
County: Catawba
In care of: RYAN EDWARDS
Primary officer: RYAN EDWARDS, PRESIDENT

How to reach them

WebsiteVisit the charity’s website Phone(828) 322-7550

Filing and classification

Latest tax year: 2017
Tax period began: June 1, 2017
Return type: 990
Tax preparer: RSM US LLP