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Nonprofiteer
← THE PIEDMONT FOUNDATION

Form 990 for tax year 2024

Filed by THE PIEDMONT FOUNDATION.

Totals

Total revenue
$2,438,427
Total expenses
$2,022,147
Contributions and grants received
$1,762,705
Grants paid
$1,794,344
Program service revenue
$0
Investment income
$675,722
Other revenue
$0
Total assets, end of year
$27,524,775
Total liabilities, end of year
$45,440
Net assets or fund balances, end of year
$27,479,335
Program services expenses (Part IX)
$1,794,344
Management and general expenses
$221,277
Fundraising expenses
$6,526
Program service expenses (Part III)
$1,794,344

Program services were 88.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $1,762,705

  • 1g · Noncash contributions included above

    $1,762

  • 3 · Investment income

    total $675,722 · excluded $675,722

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,723,769 · program services $1,723,769

  • 2 · Grants to domestic individuals

    total $70,575 · program services $70,575

  • 11a · Fees: management

    total $114,160 · management and general $107,767 · fundraising $6,393

  • 11b · Fees: legal

    total $200 · management and general $189 · fundraising $11

  • 11c · Fees: accounting

    total $2,175 · management and general $2,053 · fundraising $122

  • 11f · Fees: investment management

    total $110,943 · management and general $110,943

  • 24a · Other expenses: OTHER

    total $325 · management and general $325

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $59,790 · end of year $181,432

  • 7 · Other notes and loans receivable

    beginning of year $483,373 · end of year $1,000

  • 11 · Investments: publicly traded securities

    beginning of year $22,656,369 · end of year $26,357,512

  • 15 · Other assets

    beginning of year $851,394 · end of year $984,831

  • 25 · Other liabilities

    beginning of year $0 · end of year $45,440

  • 27 · Net assets without donor restrictions

    beginning of year $6,331,731 · end of year $8,127,193

  • 28 · Net assets with donor restrictions

    beginning of year $17,719,195 · end of year $19,352,142

Mission and programs · 2024

Mission

SUPPORTING ORGANIZATION FOR THE PIEDMONT ENVIRONMENTAL COUNCIL (PEC), A 501(C)3 PUBLIC CHARITY.

  • SUPPORT FOR THE PIEDMONT ENVIRONMENTAL COUNCIL, A 501(C)3 PUBLIC CHARITY THAT SUPPORTS ORDERLY ECONOMIC PROGRESS IN THE VIRGINIA PIEDMONT SENSITIVE TO THE CONSERVATION OF LAND, WATER, AIR, AND OTHER NATURAL RESOURCES.

    Expenses $1,794,344 · Grants $1,794,344

As filed on the 2024 return.

Listed in Part VII

  • Mark J Ohrstrom

    PRESIDENT

    Total calculated
    $0
    Hours/week
    4
  • John H Birdsall III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Charles T Akre

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    4
  • Diana Prince

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Trevor Potter

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    4
  • David Aldrich

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Chris McLean

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

  • LAND CONSERVATION

  • CULPEPER SOIL AND WATER CONSERVATION DISTRICT

    $50,000

    LAND CONSERVATION

  • HAPPY HAMMERS

    $27,400

    LAND CONSERVATION

  • MCCARTHY CONTRACTING COMPANY

    $7,440

    LAND CONSERVATION

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
13 May 2025
IRS schema version
2024v5.1
Source object
202531359349300408

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