Civic Intelligence

Piedmont Renewal Network

EIN 82-2727322 • 501(c)3 • Winston Salem, NC

990-N Coverage

Profile

Provide quality education to children

301 N Main Street Suite 2400Winston Salem, NC 27101

renewalnetwork.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

59th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

61st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

83rd percentile

33%

Higher net margin than 83% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

87th percentile

52%

Faster asset growth than 87% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

12th percentile

-65%

Faster revenue growth than 12% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Up

$18,405

Up $6,285 (+52%) from 2020

Liabilities

Down

$0

Down $13,579 (-100%) from 2020

Net Assets

Up

$18,405

Up $19,864 (+1361%) from 2020

Revenue

Down

$60,419

Down $112,605 (-65%) from 2020

Expenses

Down

$40,555

Down $168,154 (-81%) from 2020

Net Income

Up

$19,864

Up $55,549 (+156%) from 2020

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60K$40K$20K$0-$20KAssets 2019: $41,726Liabilities 2019: $0Net Assets 2019: $41,7262019Assets 2020: $12,120Liabilities 2020: $13,579Net Assets 2020: -$1,4592020Assets 2021: $18,405Liabilities 2021: $0Net Assets 2021: $18,4052021

Highlighted filing

2021

Assets$18,405
Liabilities$0
Net Assets$18,405

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0-$100KRevenue 2019: $159,809Expenses 2019: $136,152Net Income 2019: $23,6572019Revenue 2020: $173,024Expenses 2020: $208,709Net Income 2020: -$35,6852020Revenue 2021: $60,419Expenses 2021: $40,555Net Income 2021: $19,8642021

Highlighted filing

2021

Revenue$60,419
Expenses$40,555
Net Income$19,864

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Nov 4, 2021
Return Version
2020v4.1
Gross Receipts
$60,419
Mission and Program Overview

Mission

Provide quality education to children

Program Services

DescriptionGrantsExpenses
PROVIDE ACADEMIC PROGRAM FOR THE LEAST FORTUNATE CHILDREN OF WINSTON-SALEM, NC. THIS IS DONE TO PREPARE THESE STUDENTS FOR ACCEPTANCE AND SUCCESS AT COLLEGE OR UNIVERSITY.$33,500$7,055
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
JAY FORDHAMSecretary & TreasurerFT$1,353-$1,353
LOGAN PHILONExecutive DirectorFT$1,034-$1,034
JOHN MCCONNELLChairman-$0--
JANE SHENVice Chairman-$0--
JOEL WELCHDirector-$0--
WILETTE NASHDirector-$0--
BETH ASHBURNDirector-$0--
JEREMY PATTISALLDirector-$0--
MICHAEL BAUGHANDirector-$0--
Filing and Contact Details

Filer

Filer Name
Piedmont Renewal Network
EIN
82-2727322
Address
301 N MAIN STREET SUITE 2400, WINSTON SALEM, NC 27101

Signing Officer

Name
Jay Fordham
Title
Operations Dire
Phone
3368314070
Signed
2021-11-04
Discuss with paid preparer
Yes

Preparer

Firm
J Larry Ledford CPA
Address
P O BOX 605, MOCKSVILLE, NC 27028-0605
Preparer
Allan Newsom
Phone
3367512374
Supplemental Narrative

Additional Explanations

Description of other revenue Part I line 8

Description amountppp loan forgiveness 13,579

List of grants and similar amounts paid Part I line 10

Activity academic support to less fortunate students grantee the forsyth tech foundation street 2100 silas creek parkway city, state, zip winston salem, nc 27103amount 33,500

Description of other expenses Part I line 16

Description amountbank and payroll fees 948insurance 88donor development & digital presenc 40miscellaneous expenses 140office supplies & software 1,390taxes 643

Description of total liabilities Part II line 26

Category beginning of year end of yearppp loan 13,579 0

Raw XML Appendix204 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt8SECRETARY & TREASURER
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IRS990ScheduleN/DispositionOfAssetsDetail/PersonNm0THE FORSYTH TECH FOUNDATION
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IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt0LOGAN PHILON AND JAY FORDHAM WILL EACH LEAVE THE PIEDMONT RENEWAL NETWORK AND MOVE TO EMPLOYMENT WITH FORSYTH TECHNICAL COMMUNITY COLLEGE TO RUN THE COLLEGE LIFT PROGRAM SERVING ECONOMICALLY UNDERSERVED MIDDLE AND HIGH SCHOOL STUDENTS.
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc0Listed persons relations (Part I, line 2e or Part II, line 2e)
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACTIVITY ACADEMIC SUPPORT TO LESS FORTUNATE STUDENTS GRANTEE THE FORSYTH TECH FOUNDATION STREET 2100 SILAS CREEK PARKWAY CITY, STATE, ZIP WINSTON SALEM, NC 27103AMOUNT 33,500
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION AMOUNTBANK AND PAYROLL FEES 948INSURANCE 88DONOR DEVELOPMENT & DIGITAL PRESENC 40MISCELLANEOUS EXPENSES 140OFFICE SUPPLIES & SOFTWARE 1,390TAXES 643
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Description of other expenses Part I line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Description of total liabilities Part II line 26
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ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

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