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State Chartered Credit Unions In North Carolina

Piedmont Advantage Credit Union

Organization summary

Type of Nonprofit

Designated as a State-chartered credit unions and mutual reserve funds.

Donations to this organization are not tax deductible.

Details

According to its Dec. 2022 tax filing, this nonprofit:

Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$18.8M (2022)

Expenses
$20.3M (2022)

Total Assets
$405M (2022)

Total Liabilities
$384M (2022)

Source: Form 990 tax filings from 2011 to 2022

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$18,839,833
Expenses
$20,256,042
Net Income
-$1,416,209
Net Assets
$21,268,834
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $16,290,592
86.5%
Investment Income $2,100,691
11.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $448,550
2.4%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $6,616,320
32.7%
Assets/Debt
Total Assets $405,096,501
Total Liabilities $383,827,667
Net Assets $21,268,834
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Dion Williams (President/Ceo) $310,916 $0 $5,000
Peter Minford (Cfo) $299,237 $0 $44,922
Michael Westbrook (Sr. Financial Advisor) $277,386 $0 $37,810
Jeanette Stark (Clo/General Counsel) $185,527 $0 $37,644
Robert Payne (Svp Of It) $127,555 $0 $24,799
Kim Adkins (Svp Of Marketing) $118,335 $0 $17,124
Sandy Milton (Svp Of Service Strategy) $117,236 $0 $18,085
Cheryl Morrell (Vp/Controller) $109,175 $0 $26,579
Darren Cranfill (Board Member) $0 $0 $86
Justine Lerch (Board Member) $0 $0 $86
George Price (Board Member) $0 $0 $86
Bryan Myers (Board Member) $0 $0 $86
Diana Santos Johnson (Board Member) $0 $0 $86
Tom Mekis (Chairman) $0 $0 $86
Steve Gilliland (Vice Chairman) $0 $0 $86
Mark Saunders (Secretary) $0 $0 $86
Mark Linville (Treasurer) $0 $0 $86

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$18,534,745
Expenses
$16,793,146
Net Income
$1,741,599
Net Assets
$33,103,269
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $17,364,723
93.7%
Investment Income $851,606
4.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $318,416
1.7%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $4,941,142
29.4%
Assets/Debt
Total Assets $450,735,683
Total Liabilities $417,632,414
Net Assets $33,103,269
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Dion Williams (President/Ceo) $297,948 $0 $24,534
Michael Westbrook (Sr. Financial Advisor) $212,278 $0 $9,537
Peter Minford (Cfo) $182,776 $0 $43,541
Jeanette Stark (General Counsel) $177,439 $0 $15,792
Robert Payne (Vp Of It) $117,544 $0 $12,566
Kim Adkins (Vp Of Marketing) $111,868 $0 $14,339
James Moore (Vp Of Risk) $110,561 $0 $15,477
Sandy Milton (Vp Of Service Strategy) $102,888 $0 $11,854
Jim Taylor (Board Member) $0 $0 $86
George Price (Board Member) $0 $0 $86
Justine Lerch (Board Member) $0 $0 $86
Gene Sharp (Board Member) $0 $0 $86
Darren Cranfill (Board Member) $0 $0 $86
Tom Mekis (Chairman) $0 $0 $86
John Reece (Treasurer) $0 $0 $86
Steve Gilliland (Vice Chairman) $0 $0 $86
Mark Saunders (Secretary) $0 $0 $86

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$19,120,916
Expenses
$20,761,334
Net Income
-$1,640,418
Net Assets
$34,740,389
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $18,689,901
97.7%
Investment Income $426,524
2.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $4,491
0.0%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $6,336,568
30.5%
Assets/Debt
Total Assets $407,094,606
Total Liabilities $372,354,217
Net Assets $34,740,389
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Dion Williams (President/Ceo) $593,114 $0 $22,119
Peter Minford (Cfo) $180,079 $0 $20,189
Jeanette Stark (General Cousel) $170,899 $0 $15,635
Michael Westbrook (Sr. Financial Advisor) $139,183 $0 $6,766
Robert Payne (Vp It) $116,768 $0 $12,831
James Moore (Vp Risk Management) $105,307 $0 $15,048
Jim Taylor (Director) $0 $0 $76
Mark Saunders (Director) $0 $0 $0
Justin Lerch (Director) $0 $0 $76
Gene Sharp (Director) $0 $0 $76
Darren Cranfill (Director) $0 $0 $76
David Lance (Director) $0 $0 $76
George Price (Vice Chairman) $0 $0 $76
Tom Mekis (Chairman) $0 $0 $76
John Reece (Treasurer) $0 $0 $76
Steve Gilliland (Secretary) $0 $0 $76

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$22,095,637
Expenses
$22,060,606
Net Income
$35,031
Net Assets
$36,518,795
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $20,153,522
91.2%
Investment Income $1,006,418
4.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $935,697
4.2%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $5,446,626
24.7%
Assets/Debt
Total Assets $347,571,681
Total Liabilities $311,052,886
Net Assets $36,518,795
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Dion Williams (President/Ceo) $174,864 $0 $8,487
Peter Minford (Cfo) $171,960 $0 $39,761
Judy Tharp (President/Ceo) $127,327 $0 $13,848
Linda Garboczi (Chief Marketing Officer) $124,075 $0 $20,881
Michael Westbrook (Sr. Financial Advisor) $118,558 $0 $4,864
Robert Payne (Vp It) $106,404 $0 $14,117
Darren Cranfill (Director) $0 $0 $44
Steve Gilliland (Director) $0 $0 $44
Ramon Hoots (Director) $0 $0 $0
David Lance (Director) $0 $0 $44
Justine Lerch (Director) $0 $0 $44
Gene Sharpe (Director) $0 $0 $44
Tom Mekis (Director) $0 $0 $44
George Price (Vice Chairman) $0 $0 $44
John Reece (Treasurer) $0 $0 $44
Mark Saunders (Associate Director) $0 $0 $0
Jim Taylor (Chairman) $0 $0 $44

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$20,423,699
Expenses
$19,468,809
Net Income
$954,890
Net Assets
$35,733,284
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $19,382,818
94.9%
Investment Income $1,040,881
5.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $4,765,317
24.5%
Assets/Debt
Total Assets $355,223,530
Total Liabilities $319,490,246
Net Assets $35,733,284
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Peter Minford (Cfo) $168,792 $0 $0
Linda Garboczi (Cmo) $124,758 $0 $0
James Moore (Vp Risk Mana) $106,662 $0 $0
Robert Payne (Vp It) $105,352 $0 $0
Tim Mullen (Vp Lending) $103,002 $0 $0
Darren Cranfill (Director) $0 $0 $0
Steve Gilliland (Director) $0 $0 $0
Ramon Hoots (Director Eme) $0 $0 $0
David Lance (Director) $0 $0 $0
Justine Lerch (Director) $0 $0 $0
Tom Mekis (Secretary) $0 $0 $0
George Price (Vice Chairma) $0 $0 $0
John Reece (Treasurer) $0 $0 $0
Mark Saunders (Associate Di) $0 $0 $0
Gene Sharpe (Director) $0 $0 $0
Jim Taylor (Chairman) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$19,874,783
Expenses
$18,557,040
Net Income
$1,317,743
Net Assets
$35,221,618
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $19,028,460
95.7%
Investment Income $846,323
4.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $4,636,022
25.0%
Assets/Debt
Total Assets $341,293,217
Total Liabilities $306,071,599
Net Assets $35,221,618
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Judy Tharp (Ceo) $270,411 $0 $10,446
Alice Stevens (Coo) $147,972 $0 $5,886
Peter Minford (Cfo) $122,208 $0 $554
Linda Garboczi (Chief Marketing Officer) $118,557 $0 $4,625
Jim Taylor (Chairman Director) $0 $0 $0
George Price (Vice Chairman Director) $0 $0 $0
Tom Mekis (Secretary, Director) $0 $0 $0
John Reece (Treasurer, Director) $0 $0 $0
Ramon Hoots (Director) $0 $0 $0
Gene Sharp (Director) $0 $0 $0
Justine Lerch (Director) $0 $0 $0
Steven Gilliland (Director) $0 $0 $0
David Lance (Director) $0 $0 $0
Darren Cranfill (Associate Director) $0 $0 $0
Mark Saunders (Associate Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$19,569,537
Expenses
$18,157,204
Net Income
$1,412,333
Net Assets
$33,719,374
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $19,136,408
97.8%
Investment Income $433,129
2.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $810,043
4.5%
Professional Fundraising Fees $0
Other Salaries and Wages $4,705,628
25.9%
Assets/Debt
Total Assets $327,941,028
Total Liabilities $294,221,654
Net Assets $33,719,374
Compensation
Key Employees and Officers Compensation Related Other
Judy Tharp (Ceo) $260,468 $0 $0
John Jameson (Cfo) $148,222 $0 $0
Alice Stevens (Coo) $140,000 $0 $0
Belinda Wilson (Chief Development Officer) $139,520 $0 $0
Linda Garboczi (Chief Marketing Officer) $110,000 $0 $0
Jim Taylor (Chairman Director) $11,833 $0 $0
George Price (Vice Chairman Director) $0 $0 $0
Tom Mekis (Secretary, Director) $0 $0 $0
John Reece (Treasurer, Director) $0 $0 $0
Ramon Hoots (Director) $0 $0 $0
Gene Sharp (Director) $0 $0 $0
Justine Lerch (Director) $0 $0 $0
Steven Gilliland (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$18,336,485
Expenses
$17,094,114
Net Income
$1,242,371
Net Assets
$32,194,076
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $17,971,891
98.0%
Investment Income $364,594
2.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $640,553
3.7%
Professional Fundraising Fees $0
Other Salaries and Wages $4,693,207
27.5%
Assets/Debt
Total Assets $312,702,443
Total Liabilities $280,508,367
Net Assets $32,194,076
Compensation
Key Employees and Officers Compensation Related Other
Judy Tharp (Ceo) $242,811 $0 $0
John Jameson (Cfo) $148,222 $0 $0
Belinda Wilson (Chief Development Officer) $139,520 $0 $0
Linda Garboczi (Chief Marketing Officer) $110,000 $0 $0
Jim Taylor (Chairman Director) $0 $0 $0
George Price (Vice Chairman Director) $0 $0 $0
Tom Mekis (Secretary, Director) $0 $0 $0
John Reece (Treasurer, Director) $0 $0 $0
Ramon Hoots (Director) $0 $0 $0
Gene Sharp (Director) $0 $0 $0
Howard Henry (Director) $0 $0 $0
Justine Lerch (Director) $0 $0 $0
Steven Gilliland (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$16,869,027
Expenses
$16,272,657
Net Income
$596,370
Net Assets
$31,131,896
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $16,428,195
97.4%
Investment Income $440,832
2.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $391,033
2.4%
Professional Fundraising Fees $0
Other Salaries and Wages $4,621,848
28.4%
Assets/Debt
Total Assets $301,207,682
Total Liabilities $270,075,786
Net Assets $31,131,896
Compensation
Key Employees and Officers Compensation Related Other
Judy Tharp (Ceo) $242,811 $0 $0
John Jameson (Cfo) $148,222 $0 $0
Belinda Wilson (Chief Development Officer) $133,266 $0 $0
James Moore (Vp Of Risk Management) $102,939 $0 $0
Jim Taylor (Chairman Director) $0 $0 $0
George Price (Vice Chairman Director) $0 $0 $0
Tom Mekis (Secretary, Director) $0 $0 $0
John Reece (Treasurer, Director) $0 $0 $0
Ramon Hoots (Director) $0 $0 $0
Gene Sharp (Director) $0 $0 $0
Howard Henry (Director) $0 $0 $0
Mark Moore (Director) $0 $0 $0
Justine Lerch (Director) $0 $0 $0
Darren Cranfill (Director) $0 $0 $0
Steven Gilliland (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$15,029,324
Expenses
$14,515,966
Net Income
$513,358
Net Assets
$29,997,279
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $13,932,411
92.7%
Investment Income $1,096,913
7.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $474,702
3.3%
Professional Fundraising Fees $0
Other Salaries and Wages $4,284,673
29.5%
Assets/Debt
Total Assets $234,553,538
Total Liabilities $204,556,259
Net Assets $29,997,279
Compensation
Key Employees and Officers Compensation Related Other
Judy Tharp (Ceo) $239,985 $0 $0
John Jameson (Cfo) $143,384 $0 $0
Belinda Wilson (Vp Development) $107,093 $0 $0
Jim Taylor (Chairman Director) $0 $0 $0
George Price (Vice Chairman Director) $0 $0 $0
Tom Mekis (Secretary, Director) $0 $0 $0
John Reece (Treasurer, Director) $0 $0 $0
Ramon Hoots (Director) $0 $0 $0
Gene Sharp (Director) $0 $0 $0
Howard Henry (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$14,579,312
Expenses
$13,515,938
Net Income
$1,063,374
Net Assets
$30,405,831
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $14,500,856
99.5%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $78,456
0.5%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $512,950
3.8%
Professional Fundraising Fees $0
Other Salaries and Wages $4,326,227
32.0%
Assets/Debt
Total Assets $230,739,424
Total Liabilities $200,333,593
Net Assets $30,405,831

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$14,900,524
Expenses
$14,353,348
Net Income
$547,176
Net Assets
$29,056,347
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $14,816,106
99.4%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $84,418
0.6%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $551,685
3.8%
Professional Fundraising Fees $0
Other Salaries and Wages $3,802,530
26.5%
Assets/Debt
Total Assets $213,645,518
Total Liabilities $184,589,171
Net Assets $29,056,347

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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