Friends Of The Betsie Valley Trail
- Assets
- $477.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Beulah, MI
- Founding
- 12/1994
- Data as of
- 12/2023
- EIN
- 38-3092450
Organization Overview
Friends Of The Betsie Valley Trail is located in Beulah, MI. The organization was established in 1994. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of The Betsie Valley Trail 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 12/2023, Friends Of The Betsie Valley Trail generated $135.3k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 17.2% each year . All expenses for the organization totaled $62.3k during the year ending 12/2023. While expenses have increased by 18.2% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
CREATE AND MAINTAIN RAIL TRAIL SYSTEM.
Describe the Organization's Program Activity:
Part 3
CONSTRUCTION OF STORAGE FACILITY
CONTRIBUTE TO THE MICHIGAN GREENWAYS AND TRAIL ALLIANCE TO SUPPORT LOBBYING EFFORTS.
TRAIL MAINTENANCE
CONTRIBUTE TO THE WM. R. OLSEN ENDOWMENT FOR THE FRIENDS OF THE BETSIE VALLEY TRAIL HELD BY THE GRAND TRAVERSE REGIONAL COMMUNITY FOUNDATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charlie Gregory Director And Tcc | 4 | $0 | |
Fred Stransky Director | 1 | $0 | |
Heather Hudson Director | 1 | $0 | |
Chris Remy Director | 1 | $0 | |
Jan Fiola Director | 1 | $0 | |
Heidi Bolger President | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $125,924 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $5,809 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $3,541 |
| Other Revenue | $0 |
| Total Revenue | $135,274 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $17,872 |
| Occupancy, rent, utilities, and maintenance | $3,097 |
| Printing, publications, postage, and shipping | $5,758 |
| Other expenses | $34,542 |
| Total expenses | $62,269 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $477,817 |
| Other assets | $0 |
| Total assets | $477,817 |
| Total liabilities | $0 |
| Net assets or fund balances | $477,817 |