Virginia Capital Trail Foundation
- Assets
- $886.1k
- Revenue
- $612.2k
- Investments
- $0.0
- Employees
- 6
- Location
- Richmond, VA
- Founding
- 02/2005
- Data as of
- 09/2023
- EIN
- 14-1916016
Organization Overview
Virginia Capital Trail Foundation is located in Richmond, VA. The organization was established in 2005. According to its NTEE Classification (N32) the organization is classified as: Parks & Playgrounds, under the broad grouping of Recreation & Sports and related organizations. As of 09/2023, Virginia Capital Trail Foundation employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Virginia Capital Trail Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2023, Virginia Capital Trail Foundation generated $612.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $382.9k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO RAISE PUBLIC AWARENESS AND PROMOTE SUPPORT FOR THE CONSTRUCTION, SAFE PUBLIC USE AND ONGOING ENHANCEMENTS OF THE TRAIL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTING BEST PRACTICES FOR TRAIL CONSTRUCTION AND PHYSICAL ENHANCEMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ted Ukrop Board Member | Trustee | 1 | $0 |
Pam Goggins Chairman | OfficerTrustee | 1 | $0 |
Jack Berry Treasurer | OfficerTrustee | 1 | $0 |
Rob Erda Vice Chair | OfficerTrustee | 1 | $0 |
Clifford B Fleet III Board Member | Trustee | 1 | $0 |
Mark Herzog Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $108,049 |
| Related organizations | $0 |
| Government grants | $186,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $255,137 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $549,186 |
| Total Program Service Revenue | $0 |
| Investment income | $6,702 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $43,151 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $612,177 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $18,602 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $92,714 |
| Compensation of current officers, directors, key employees. | $13,907 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $146,456 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $18,309 |
| Payroll taxes | $17,570 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $264 |
| Fees for services: Accounting | $10,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $300 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,755 |
| Travel | $1,279 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $811 |
| Interest | $1,045 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,612 |
| All other expenses | $5,399 |
| Total functional expenses | $382,918 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $391,561 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $112,791 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $7,202 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $358,975 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,576 |
| Total assets | $886,105 |
| Accounts payable and accrued expenses | $53,040 |
| Grants payable | $0 |
| Deferred revenue | $18,219 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $15,576 |
| Total liabilities | $86,835 |
| Net assets without donor restrictions | $795,470 |
| Net assets with donor restrictions | $3,800 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $886,105 |
Grants Awarded
Over the last fiscal year, Virginia Capital Trail Foundation has awarded $10,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BLUE SKY FUN PURPOSE: PROMOTING BEST PRACTICES FOR TRAIL CONSTRUCTION AND PHYSICAL ENHANCEMENTS. | $5,000 |
SPORTABLE ADAPTIVE SPORTS AND RECREATION PURPOSE: PROMOTING BEST PRACTICES FOR TRAIL CONSTRUCTION AND PHYSICAL ENHANCEMENTS. | $5,000 |