Piedmont Natural Gas Foundation
Piedmont Natural Gas Foundation maintains substantial assets while consistently reporting 0% officer compensation.
EIN: 201786431 · Charlotte, NC · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $917K |
| Program Spending | 90% |
| Net Assets | $7.8M |
| Transparency Score | 85/100 |
Is Piedmont Natural Gas Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Piedmont Natural Gas Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Piedmont Natural Gas Foundation
Piedmont Natural Gas Foundation (EIN: 201786431) is a nonprofit organization based in Charlotte, NC. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Piedmont Natural Gas Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Piedmont Natural Gas Foundation is a small nonprofit, with 4 years of IRS 990 filings on record (2011–2014). Revenue has grown at a compound annual rate of -4.2%.
Key Financial Metrics (2014)
From the most recent IRS 990 filing on record:
| Total Revenue | $954K |
| Total Expenses | $917K |
| Surplus / Deficit | +$37K |
| Total Assets | $7.8M |
| Total Liabilities | $1 |
| Net Assets | $7.8M |
| Operating Margin | 3.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 102.5 months |
Financial Health Grade: A
In 2014, Piedmont Natural Gas Foundation reported a surplus of $37K with revenue exceeding expenses, holds 102.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 4 years of filings (2011–2014), Piedmont Natural Gas Foundation's revenue has declined at a compound annual growth rate (CAGR) of -4.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2014 | +50.9% | +9.7% | +0.8% |
| 2013 | +388.4% | +1.5% | +9.9% |
| 2012 | -88.1% | +7.1% | -0.8% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Piedmont Natural Gas Foundation with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Piedmont Natural Gas Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2014)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $37K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that no officers received compensation from the foundation, which is a strong positive for resource allocation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Piedmont Natural Gas Foundation's IRS 990 filings:
- Lack of detailed expense breakdown beyond officer compensation in provided data, making full spending efficiency analysis difficult.
Strengths
The following positive indicators were identified for Piedmont Natural Gas Foundation:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds for charitable purposes.
- Maintains a substantial asset base (e.g., $7,831,559 in 2014) to support its grant-making activities.
- Positive net assets across all reported periods, demonstrating financial stability.
Frequently Asked Questions about Piedmont Natural Gas Foundation
Is Piedmont Natural Gas Foundation a legitimate charity?
Piedmont Natural Gas Foundation (EIN: 201786431) is a registered tax-exempt nonprofit based in North Carolina. Our AI analysis gives it a Mission Score of 85/100. It has 4 years of IRS 990 filings on record. 1 red flag identified. 3 strengths noted. Financial health grade: A.
How does Piedmont Natural Gas Foundation spend its money?
Piedmont Natural Gas Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Piedmont Natural Gas Foundation tax-deductible?
Piedmont Natural Gas Foundation is registered as a tax-exempt nonprofit (EIN: 201786431). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Piedmont Natural Gas Foundation located?
Piedmont Natural Gas Foundation is headquartered in Charlotte, North Carolina and files with the IRS under EIN 201786431.
How many years of IRS 990 filings does Piedmont Natural Gas Foundation have?
Piedmont Natural Gas Foundation has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data.
What are the specific program areas or types of grants the Piedmont Natural Gas Foundation supports?
The provided IRS 990 data does not detail the specific program areas or types of grants made by the Piedmont Natural Gas Foundation. Further investigation of their public website or full 990 forms would be necessary.
How does the foundation manage its assets to generate revenue for its grant-making activities?
The provided data shows significant assets, suggesting an endowment. However, the specific investment strategies or asset management approaches are not detailed in this summary. Revenue fluctuations indicate reliance on investment returns or contributions.
What is the typical grant size or number of grants awarded annually?
The provided financial summary does not include details on the number or size of grants awarded. This information would typically be found in the full IRS 990 filing, specifically Schedule I.
Filing History
IRS 990 filing history for Piedmont Natural Gas Foundation showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2011–2014), Piedmont Natural Gas Foundation's revenue has declined by 12%, moving from $1.1M to $954K. Total assets increased by 9.9% over the same period, from $7.1M to $7.8M. Total functional expenses rose by 19.1%, from $770K to $917K. In its most recent filing year (2014), Piedmont Natural Gas Foundation reported a surplus of $37K, with revenue exceeding expenses. The organization holds $1 in liabilities against $7.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $7.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2014 | $954K | $917K | $7.8M | $1 | — | View 990 |
| 2013 | $632K | $836K | $7.8M | $25K | — | View 990 |
| 2012 | $129K | $824K | $7.1M | $70K | — | View 990 |
| 2011 | $1.1M | $770K | $7.1M | $145K | — | View 990 |
Year-by-Year Financial Summary
- 2014: Revenue of $954K, expenses of $917K, and assets of $7.8M (revenue +50.9% year-over-year).
- 2013: Revenue of $632K, expenses of $836K, and assets of $7.8M (revenue +388.4% year-over-year).
- 2012: Revenue of $129K, expenses of $824K, and assets of $7.1M (revenue -88.1% year-over-year).
- 2011: Revenue of $1.1M, expenses of $770K, and assets of $7.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Piedmont Natural Gas Foundation:
Data Sources and Methodology
This transparency report for Piedmont Natural Gas Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.