The Piedmont Arts Association

EIN: 510196237 501(c)(3)

Martinsville, VA

Total Revenue
$598,607
Total Expenses
$623,600
Total Assets
$3,750,505
Net Assets
$3,680,374
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Financial Trends

Organization Details

Formation Year
1976
Legal Domicile
VA
Principal Officer
Dru Ingram
Phone
2766323221
Tax Period
2024-07-01 to 2025-06-30

The Piedmont Arts Association, founded in 1976, is a small nonprofit that reported $501K in total revenue in fiscal year 2018. Expenses of $464K left a modest 7% surplus.

Mission

To provide experiences in the visual and performing arts

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $398,850
Program Service Revenue $71,059
Investment Income $98,000
Other Revenue $30,698
TOTAL REVENUE $598,607

Expense Breakdown

Grants Paid $0
Salaries & Benefits $268,993
Fundraising Expenses $37,700
Program Expenses $448,609
Other Expenses $354,607
TOTAL EXPENSES $623,600

Year-over-Year Comparison

2024 2023 Change
Revenue $598,607 $629,914 0.0%
Expenses $623,600 $576,964 +0.1%
Net Income $-24,993 $52,950 -1.5%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
17
Independent Members
17
Employees
14
Volunteers
50

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$0
Total Directors
16
$0
Key Employees
1
$80,966
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Dr Shana LeGrant Immed Past President 2.50
Officer
$0 $0 $0
Anne Smith President 2.50
Officer Director
$0 $0 $0
Olivia Garrett First Vice President 2.50
Officer Director
$0 $0 $0
Dru Ingram Treasurer 2.50
Officer Director
$0 $0 $0
Tracie Heavner Secretary 2.50
Officer Director
$0 $0 $0
Benjamin Gravely Second Vice President 2.50
Officer Director
$0 $0 $0
Effie Cuenca Director 1.00
Director
$0 $0 $0
Andy Hynes Director 1.00
Director
$0 $0 $0
James Souter IV Director 1.00
Director
$0 $0 $0
William Gravely Director 1.00
Director
$0 $0 $0
Janet Lewis Director 1.00
Director
$0 $0 $0
Heidi Pinkston Executive Director 40.00
Key Emp Highest
$80,966 $0 $80,966
Lucy Coleman Director 1.00
Director
$0 $0 $0
Charlie Knighton Director 1.00
Director
$0 $0 $0
Beverly Lyle Director 1.00
Director
$0 $0 $0
Tekela Redd Director 1.00
Director
$0 $0 $0
Jason Spratley Director 1.00
Director
$0 $0 $0
McKay Ullstein Director 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $598,607 $623,600 $3,750,505 $-24,993
2024 $629,914 $576,964 $3,711,289 $52,950
2023 $834,512 $588,699 $3,541,222 $245,813
2022 $1,330,155 $591,473 $3,263,216 $738,682
2021 $848,605 $470,036 $2,972,213 $378,569
2020 $501,253 $489,121 $2,558,706 $12,132
2019 $501,365 $464,347 $2,551,529 $37,018
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