Nonprofit · EIN 56-1438854
PIEDMONT TRIAD REGIONAL DEVELOPMENT CORPORATION
Tax-exempt · KERNERSVILLE, NC 27284
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $620,104 | $343,806 | $276,298 | $5,018,023 | $615,971 | $4,402,052 |
| June 30, 2024 | 990 | $1,986,634 | $1,670,696 | $315,938 | $5,308,982 | $1,183,228 | $4,125,754 |
| June 30, 2023 | 990 | $1,204,917 | $645,806 | $559,111 | $4,723,817 | $420,936 | $4,302,881 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $565,144
- of which government grants
- $203,588
- Program service revenue
- $0
- Investment income
- $54,960
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $49,805
- Program services (functional)
- $301,267
- Management and general (functional)
- $42,539
Balance sheet and other
- Total assets, start of year
- $5,308,982
- Total assets, end of year
- $5,018,023
- Total liabilities, end of year
- $615,971
- Net assets, end of year
- $4,402,052
- Land, buildings and equipment
- $57,528
- Net assets without donor restrictions
- $4,297,253
- Net assets with donor restrictions
- $104,799
- Gross receipts
- $620,104
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1983
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BILL LASHLEY | DIRECTOR Trustee or director | 0.5 | $0 |
| CASEY SMITH | DIRECTOR Trustee or director | 0.5 | $0 |
| JAMES BLAKLEY | DIRECTOR Trustee or director | 0.5 | $0 |
| DON MARTIN | DIRECTOR Trustee or director | 0.5 | $0 |
| CARLY COOKE | DIRECTOR Trustee or director | 0.5 | $0 |
| DANA DAWSON | DIRECTOR Trustee or director | 0.5 | $0 |
| DARRELL FRYE | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| LEIGH COCKRAM | SECRETARY Trustee or director, Officer | 1 | $0 |
| RICK MORRIS | DIRECTOR Trustee or director | 0.5 | $0 |
| LARRY JOHNSON | DIRECTOR Trustee or director | 0.5 | $0 |
| KEVIN AUSTIN | DIRECTOR Trustee or director | 0.5 | $0 |
| KEN MILLETT | DIRECTOR Trustee or director | 0.5 | $0 |
| DAVID ALLEN | DIRECTOR Trustee or director | 0.5 | $0 |
| ANDY ANDERSON | TREASURY Trustee or director, Officer | 0.5 | $0 |
| KAREN BARNES | DIRECTOR Trustee or director | 0.5 | $0 |
15 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| J DOUGLAS BREWER | DIRECTOR Trustee or director | 0.5 | $0 |
| SANDI SCANNELLI | PRESIDENT Trustee or director, Officer | 1 | $0 |
| KEVIN FRANKLIN | DIRECTOR Trustee or director | 0.5 | $0 |
| LISA HAZLETT | DIRECTOR Trustee or director | 0.5 | $0 |
| JIM LEWIS | DIRECTOR Trustee or director | 0.5 | $0 |
| MARK MORAN | ASSISTANT SECRETARY/TREASU Trustee or director, Officer | 1 | $0 |
| ALAN MURDOCK | DIRECTOR Trustee or director | 0.5 | $0 |
| PETER PEQUENO II | DIRECTOR Trustee or director | 0.5 | $0 |
| CHRIS PHELPS | DIRECTOR Trustee or director | 0.5 | $0 |
| SCOTT RHINE | DIRECTOR Trustee or director | 0.5 | $0 |
| VON ROBERTSON | DIRECTOR Trustee or director | 0.5 | $0 |
| PENNY WHITEHEART | DIRECTOR Trustee or director | 0.5 | $0 |
| JAY WAGNER | DIRECTOR Trustee or director | 0.5 | $0 |
| TIMOTHY MINOR | DIRECTOR Trustee or director | 0.5 | $0 |
| WILLIAM COCKERHAM | PRESIDENT & CEO Trustee or director, Officer | 0.5 | $0 |
990 for the year ended June 30, 2024: 30 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BILL LASHLEY | DIRECTOR Trustee or director | 0.5 | $0 |
| CASEY SMITH | DIRECTOR Trustee or director | 0.5 | $0 |
| JAMES BLAKLEY | DIRECTOR Trustee or director | 0.5 | $0 |
| DON MARTIN | DIRECTOR Trustee or director | 0.5 | $0 |
| CARLY COOKE | DIRECTOR Trustee or director | 0.5 | $0 |
| DANA DAWSON | DIRECTOR Trustee or director | 0.5 | $0 |
| DARRELL FRYE | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| LEIGH COCKRAM | SECRETARY Trustee or director, Officer | 1 | $0 |
| RICK MORRIS | DIRECTOR Trustee or director | 0.5 | $0 |
| LARRY JOHNSON | DIRECTOR Trustee or director | 0.5 | $0 |
| KEVIN AUSTIN | DIRECTOR Trustee or director | 0.5 | $0 |
| KEN MILLETT | DIRECTOR Trustee or director | 0.5 | $0 |
| DAVID ALLEN | DIRECTOR Trustee or director | 0.5 | $0 |
| ANDY ANDERSON | TREASURY Trustee or director, Officer | 0.5 | $0 |
| KAREN BARNES | DIRECTOR Trustee or director | 0.5 | $0 |
| J DOUGLAS BREWER | DIRECTOR Trustee or director | 0.5 | $0 |
| SANDI SCANNELLI | PRESIDENT Trustee or director, Officer | 1 | $0 |
| KEVIN FRANKLIN | DIRECTOR Trustee or director | 0.5 | $0 |
| LISA HAZLETT | DIRECTOR Trustee or director | 0.5 | $0 |
| JIM LEWIS | DIRECTOR Trustee or director | 0.5 | $0 |
| MARK MORAN | ASSISTANT SECRETARY/TREASU Trustee or director, Officer | 1 | $0 |
| ALAN MURDOCK | DIRECTOR Trustee or director | 0.5 | $0 |
| PETER PEQUENO II | DIRECTOR Trustee or director | 0.5 | $0 |
| CHRIS PHELPS | DIRECTOR Trustee or director | 0.5 | $0 |
| SCOTT RHINE | DIRECTOR Trustee or director | 0.5 | $0 |
| VON ROBERTSON | DIRECTOR Trustee or director | 0.5 | $0 |
| PENNY WHITEHEART | DIRECTOR Trustee or director | 0.5 | $0 |
| JAY WAGNER | DIRECTOR Trustee or director | 0.5 | $0 |
| TIMOTHY MINOR | DIRECTOR Trustee or director | 0.5 | $0 |
| WILLIAM COCKERHAM | PRESIDENT & CEO Trustee or director, Officer | 0.5 | $0 |
990 for the year ended June 30, 2023: 34 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BILL LASHLEY | DIRECTOR Trustee or director | 0.5 | $0 |
| CORI LINDSAY | DIRECTOR Trustee or director | 0.5 | $0 |
| CASEY SMITH | DIRECTOR Trustee or director | 0.5 | $0 |
| JAMES BLAKLEY | DIRECTOR Trustee or director | 0.5 | $0 |
| DON MARTIN | DIRECTOR Trustee or director | 0.5 | $0 |
| CARLY COOKE | DIRECTOR Trustee or director | 0.5 | $0 |
| DANA DAWSON | DIRECTOR Trustee or director | 0.5 | $0 |
| DARRELL FRYE | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| LEIGH COCKRAM | SECRETARY Trustee or director, Officer | 1 | $0 |
| RICK MORRIS | DIRECTOR Trustee or director | 0.5 | $0 |
| LARRY JOHNSON | DIRECTOR Trustee or director | 0.5 | $0 |
| KEVIN AUSTIN | DIRECTOR Trustee or director | 0.5 | $0 |
| KEN MILLETT | DIRECTOR Trustee or director | 0.5 | $0 |
| LEE ROLLINS | DIRECTOR Trustee or director | 0.5 | $0 |
| DAVID ALLEN | DIRECTOR Trustee or director | 0.5 | $0 |
| ANDY ANDERSON | TREASURY Trustee or director, Officer | 0.5 | $0 |
| GARY BLAKE | DIRECTOR Trustee or director | 0.5 | $0 |
| KAREN BARNES | DIRECTOR Trustee or director | 0.5 | $0 |
| J DOUGLAS BREWER | DIRECTOR Trustee or director | 0.5 | $0 |
| MATTHEW DOLGE | PRESIDENT Trustee or director, Officer | 1 | $0 |
| KEVIN FRANKLIN | DIRECTOR Trustee or director | 0.5 | $0 |
| LISA HAZLETT | DIRECTOR Trustee or director | 0.5 | $0 |
| ELBERT LASSITER | DIRECTOR Trustee or director | 0.5 | $0 |
| JIM LEWIS | DIRECTOR Trustee or director | 0.5 | $0 |
| MARK MORAN | ASSISTANT SECRETARY/TREASURY Trustee or director, Officer | 1 | $0 |
| ALAN MURDOCK | DIRECTOR Trustee or director | 0.5 | $0 |
| ERIC MUTH PHD | DIRECTOR Trustee or director | 0.5 | $0 |
| PETER PEQUENO II | DIRECTOR Trustee or director | 0.5 | $0 |
| CHRIS PHELPS | DIRECTOR Trustee or director | 0.5 | $0 |
| SCOTT RHINE | DIRECTOR Trustee or director | 0.5 | $0 |
| VON ROBERTSON | DIRECTOR Trustee or director | 0.5 | $0 |
| SANDI SCANNELLI | DIRECTOR Trustee or director | 0.5 | $0 |
| PENNY WHITEHEART | DIRECTOR Trustee or director | 0.5 | $0 |
| JAY WAGNER | DIRECTOR Trustee or director | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 1398 CARROLLTON CROSSING DR, KERNERSVILLE, NC 27284-3896
- Principal officer (990 for 2024)
- WILLIAM COCKERHAM, 1398 CARROLLTON CROSSING DRIVE, KERNERSVILLE, NC 27284
- Signed the 990
- WILLIAM COCKERHAM, CHAIRMAN
- Phone
- (336) 904-0300
- Website
- WWW.PTRC.ORG
- Return prepared by
- THOMPSON PRICE SCOTT ADAMS & CO
Mission
PROCESSING SBA SECTION 504 LOANS. DEVELOPMENT AND IMPLEMENTATION OF THE COMPREHENSIVE ECONOMIC DEVELOPMENT STRATEGY FOR THE PIEDMONT TRIAD ECONOMIC DEVELOPMENT DISTRICT.
Program accomplishments
- FURTHERING ECONOMIC DEVELOPMENT AND SOCIAL WELFARE OF THE SURROUNDING AREAS BY DEVELOPMENT AND IMPLEMENTATION OF THE COMPREHENSIVE ECONOMIC DEVELOPMENT STRATEGY FOR THE PIEDMONT TRIAD ECONOMIC DEVELOPMENT DISTRICT.Expenses $157,554 · revenue $203,588
- FURTHERING ECONOMIC DEVELOPMENT AND SOCIAL WELFARE OF THE SURROUNDING AREAS BY ADMINISTRATING EDA REVOLVING LOAN PROGRAM APPLICATIONS AND APPROVONG LOANS.Expenses $143,713 · revenue $170,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 56-1438854
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1985
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $5,018,023
- Income (IRS master file)
- $620,104
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $620,104 | $343,806 | $5,018,023 | XML |
| 990 | June 2024 | $1,986,634 | $1,670,696 | $5,308,982 | XML |
| 990 | June 2023 | $1,204,917 | $645,806 | $4,723,817 | XML |
| 990 | June 2022 | $1,939,896 | $667,897 | $5,174,501 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 56-1438854).
Questions about PIEDMONT TRIAD REGIONAL DEVELOPMENT CORPORATION
- What is the EIN of PIEDMONT TRIAD REGIONAL DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of PIEDMONT TRIAD REGIONAL DEVELOPMENT CORPORATION is 56-1438854.
- Is PIEDMONT TRIAD REGIONAL DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1985.
- Are donations to PIEDMONT TRIAD REGIONAL DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PIEDMONT TRIAD REGIONAL DEVELOPMENT CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PIEDMONT TRIAD REGIONAL DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PIEDMONT TRIAD REGIONAL DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of PIEDMONT TRIAD REGIONAL DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 names WILLIAM COCKERHAM.
- Who are the officers and directors of PIEDMONT TRIAD REGIONAL DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 lists 30 people; 0 received compensation from the organization.
- How much revenue does PIEDMONT TRIAD REGIONAL DEVELOPMENT CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $620,104, expenses of $343,806 and total assets of $5,018,023 at year end.
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