Piedmont Natural Gas 501c 9 Tr For Retired Bargaining Unit Employees
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 572,418 | 881,991 | −309,573 | 158.6 | 0% |
| 2011 | 642,358 | 619,588 | 22,770 | 217.5 | 0% |
| 2012 | 528,580 | 364,692 | 163,888 | 407.8 | 0% |
| 2013 | 664,668 | 352,037 | 312,631 | 465.4 | 0% |
| 2014 | 1,090,026 | 243,085 | 846,941 | 688.2 | 0% |
| 2015 | 791,410 | 213,226 | 578,184 | 742.1 | 0% |
| 2016 | 680,723 | 0 | 680,723 | — | — |
| 2017 | 681,985 | 29,278 | 652,707 | 6227.2 | 0% |
| 2018 | 832,549 | 302,086 | 530,463 | 564.8 | 0% |
| 2019 | 924,277 | 358,785 | 565,492 | 559.1 | 0% |
| 2020 | 902,442 | 427,716 | 474,726 | 531.2 | 2% |
| 2021 | 1,512,012 | 317,017 | 1,194,995 | 791.2 | 0% |
| 2022 | 888,337 | 316,652 | 571,685 | 639.9 | 0% |
| 2023 | 1,974,294 | 307,616 | 1,666,678 | 672.4 | 9% |
In its most recent public year (2023), this organization brought in $1,666,678 more than it spent. Its reserves stood at about 672.4 months of spending, up from 158.6 in 2010. Staff pay was 9% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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