Piedmont Natural Gas 501c 9 Tr For Retired Non-Bargaining Employees
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 2,315,469 | 1,879,646 | 435,823 | 30.8 | 0% |
| 2011 | 2,041,152 | 1,692,446 | 348,706 | 35.1 | 0% |
| 2012 | 1,901,494 | 1,671,466 | 230,028 | 39.7 | 0% |
| 2013 | 1,955,923 | 1,672,271 | 283,652 | 44.2 | 0% |
| 2014 | 2,068,657 | 475,245 | 1,593,412 | 167.8 | 0% |
| 2015 | 1,949,693 | 546,192 | 1,403,501 | 147.1 | 0% |
| 2016 | 2,223,156 | 157,862 | 2,065,294 | 604.2 | 0% |
| 2017 | 381,805 | 63,374 | 318,431 | 1570.7 | 0% |
| 2018 | 544,202 | 895,314 | −351,112 | 94.5 | 0% |
| 2019 | 734,362 | 865,024 | −130,662 | 104.0 | 0% |
| 2020 | 606,124 | 831,495 | −225,371 | 110.6 | 0% |
| 2021 | 756,173 | 782,474 | −26,301 | 118.6 | 0% |
| 2022 | 420,123 | 884,674 | −464,551 | 77.3 | 0% |
| 2023 | 212,640 | 634,787 | −422,147 | 18.6 | 4% |
In its most recent public year (2023), this organization spent $422,147 more than it brought in. Its reserves stood at about 18.6 months of spending, down from 30.8 in 2010. Staff pay was 4% 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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