2026-09-21T10:37:20-06:00 2025-12-31 451563674 EDDIE CARRICK CPA PC 151 YOUNG DRIVE Lexington NC 27292 990 2025-01-01 264633917 WILLIAM R KENAN JR ENDOWMENT FUND % SUMNER FINCH WILL 3368830992 815 OLD MILL ROAD HIGH POINT NC 27262 SUMNER FINCH SECREATARY TREASURER 3368855636 2026-09-21 false EDDIE CARRICK P01315064 3362492545 2026-09-21 2025 FOR THE PIEDMONT SCHOOL 111448 false X X 2009 NC THIS ORGANIZATION WAS CREATED TO ESTABLISH AN ENDOWMENT FUND TO PROVIDE SCHOLARSHIP FUNDING AT THE PIEDMONT SCHOOL 1 1 0 0 0 0 0 144915 111448 0 144915 111448 58098 60204 0 0 0 0 16791 18123 74889 78327 70026 33121 1498066 1531187 0 1498066 1531187 THIS ORGANIZATION WAS CREATED TO ESTABLISH AN ENDOWMENT FUND TO PROVIDE SCHOLARSHIP FUNDING AT THE PIEDMONT SCHOOL false false 78327 111448 THIS ORGANIZATION WAS CREATED TO ESTABLISH AN ENDOWMENT FUND TO PROVIDE SCHOLARSHIP FUNDING AT THE PIEDMONT SCHOOL. THE PIEDMONT SCHOOL IS A SCHOOL WHICH PROVIDES A CURRICULUM, PRIMARILY FOR STUDENTS WITH LEARNING DIFFERENCES WHICH ARE UNRELATED TO VISUAL OR AUDITORY ACUITY, PHYSICAL HANDICAP OR BEHAVIORAL OR EMOTIONAL DISORDERS OR MENTAL RETARDATION. THE PIEDMONT SCHOOL IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THIS ORGANIZATION WILL ENGAGE IN FUND RAISING ACTIVITIES AMONG A SELECTED GROUP OF INDIVIDUALS AND BUSINESSES 78327 true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 0 0 true 0 false false false false false false false false false false false false false false false false X 1 1 false false false false false false false true true false false true true true true true true true true false NC X SUMNER FINCH 3368830992 1204 WESTWOOD AVE HIGH POINT NC 27262 X SUMNER FINCH SECRETARY TREASURER 2.00 0.00 X X 0 0 0 0 0 0 0 false false false 111448 111448 0 111448 111448 0 0 60204 60204 18123 18123 78327 78327 0 0 1498066 1531187 1498066 1531187 0 0 X 1498066 1531187 1498066 1531187 1498066 1531187 33121 0 X false false false X X 1 THE PIEDMONT SCHOOL 561336200 2 true 0 0 1 0 true false false false false false false false false false false false false false false true false Form 990 governing body review Part VI line 11 FORM 990 PART VI SECTION B LINE 11B A COPY OF THE 990 IS PROVIDED TO EACH BOARD MEMBER TO REVIEW Conflict of interest policy compliance Part VI line 12c FORM 990 PART VI SECTION B LINE 12C THGE BOARD PERFORMS AN ANNUAL REVIEW OF THE DISCLOSURES IF ANY PERTAINING TO CONFLICTS OF INTEREST CEO executive director top management comp Part VI line 15a FORM 990 PART VI LINE 15A ANNUAL REVIEWS DETREMINE COMPENSATION Other officer or key employee compensation Part VI line 15b FORM 990 PART VI LINE 15B NO OTHER FORM OF COMPENSATION OCCURS OTHER THAN HEAD MASTER AS EX OFFICIO OFFICER FROM A RELATED ORGANIZATION Governing documents etc available to public Part VI line 19 FORM 990 PART VI LINE 19 GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST General explanation attachment THE WILLIAM R. KENAN ENDOWMENT FUND FOR THE PIEDMONT SCHOOL (THE FUND) WAS NOTIFIED IN AUGUST 2024 THAT ITS TAX-EXEMPT STATUS HAD BEEN AUTOMATICALLY REVOKED DUE TO ITS FAILURE TO FILE THE REQUIRED FORM 990 FOR THREE CONSECUTIVE YEARS. SINCE RECEIVING THIS NOTIFICATION, THE FUND HAS TAKEN SIGNIFICANT STEPS TO REMEDY THE SITUATION AND BRING ITSELF BACK INTO FULL COMPLIANCE WITH IRS REQUIREMENTS. THE FUND HAS RETAINED LEGAL COUNSEL TO PREPARE AND SUBMIT ITS APPLICATION FOR REINSTATEMENT OF TAX-EXEMPT STATUS PURSUANT TO REVENUE PROCEDURE 2014-11. IT HAS ALSO AMENDED ITS BYLAWS TO ENSURE THAT THE FUND IS GOVERNED BY THE BOARD OF TRUSTEES OF THE PIEDMONT SCHOOL, THEREBY STRENGTHENING OVERSIGHT AND GOVERNANCE. IN ADDITION, THE FUND HAS ENGAGED NEW LEGAL AND ACCOUNTING PROFESSIONALS , IMPLEMENTED A ROBUST INTERNAL COMPLIANCE SYSTEM TO ENSURE TIMELY AND ACCURATE ANNUAL FILING OF FORM 990, AND HAS FILED ALL PREVIOUSLY OUTSTANDING FORM 990S.