Squannacook Greenways is located in Townsend, MA. The organization was established in 2012. According to its NTEE Classification (N32) the organization is classified as: Parks & Playgrounds, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Squannacook Greenways 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, Squannacook Greenways generated $315.6k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 37.1% each year . All expenses for the organization totaled $375.1k during the year ending 12/2023. 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
SQUANNACOOK GREENWAYS' GOAL IS TO BUILD, MAINTAIN, AND PROMOTE THE SQUANNACOOK RIVER RAIL TRAIL (SRRT) AS A SOURCE OF RECREATION AND SAFE NON-MOTORIZED TRANSPORTATION. THE SQUANNACOOK RIVER RAIL TRAIL IS PRESENTLY UNDER CONSTRUCTION, WITH 2.4 MILES OF THE PLANNED 3.7 MILES PRESENTLY COMPLETED, AND THE LAST PHASE UNDER CONSTRUCTION. THE STONE DUST TRAIL PROVIDES A SAFE ALTERNATIVE TO BIKE-UNFRIENDLY ROUTE 119 AND AN ENJOYABLE ROUTE FOR HUMAN-POWERED TRAVEL BETWEEN IMPORTANT NATURAL, HISTORIC, AND CULTURAL LANDMARKS. THE OPEN SECTIONS HAVE BEEN PROVEN TO BE EXTREMELY POPULAR. THE SRRT ALSO HAS POTENTIAL TO BECOME A LONG-DISTANCE TRAIL EXTENDING TO THE NASHUA RIVER RAIL TRAIL IN AYER, MASSACHUSETTS AND TO THE MASON-GREENVILLE RAILROAD TRAIL IN NEW HAMPSHIRE. THIS RAIL TRAIL WOULD BE USED BY THE PUBLIC WITHOUT FEES, AS SPECIFIED IN ARTICLE II OF OUR ARTICLES OF INCORPORATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONSTRUCTION OF THE THIRD OF FOUR PHASES OF THE SQUANNACOOK RIVER RAIL TRAIL WAS COMPLETED IN SPRING 2023, WITH A TOTAL OF 2.4 MILES OPEN. THE RAIL TRAIL HAS ALREADY BECOME A BELOVED PART OF THE AREA. THE FINAL PHASE 4 OF THE RAIL TRAIL, A 0.9 MILE SECTION FROM CROSSWIND ROAD TO SOUTH ROAD IN TOWNSEND, WAS BEGUN IN NOV. 2023, AND IS SCHEDULED TO BE COMPLETE IN APRIL 2024. OUR GRAND OPENING OF THE COMPLETED RAIL TRAIL IS SCHEDULED FOR JUNE 1, 2024. THE CONTRACTOR, SHEPCO, ALSO DONATED $30,000 IN ADDITIONAL LANDSCAPING SERVICES NOT REQUIRED BY OUR CONTRACT WITH THEM.
CONSTRUCTION OF THE THIRD OF FOUR PHASES OF THE SQUANNACOOK RIVER RAIL TRAIL WAS COMPLETED IN SPRING 2023, WITH A TOTAL OF 2.4 MILES OPEN. THE RAIL TRAIL HAS ALREADY BECOME A BELOVED PART OF THE AREA. THE FINAL PHASE 4 OF THE RAIL TRAIL, A 0.9 MILE SECTION FROM CROSSWIND ROAD TO SOUTH ROAD IN TOWNSEND, WAS BEGUN IN NOV. 2023, AND IS SCHEDULED TO BE COMPLETE IN APRIL 2024. OUR GRAND OPENING OF THE COMPLETED RAIL TRAIL IS SCHEDULED FOR JUNE 1, 2024. THE CONTRACTOR, SHEPCO, ALSO DONATED $30,000 IN ADDITIONAL LANDSCAPING SERVICES NOT REQUIRED BY OUR CONTRACT WITH THEM.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Bruce Easom Director | Trustee | 5 | $0 |
Mark Cram Director | Trustee | 5 | $0 |
Rick Bailey Director | Trustee | 5 | $0 |
Daniel Hager Director | Trustee | 5 | $0 |
Tim Palmer Director | Trustee | 5 | $0 |
Linda Mack Director | Trustee | 5 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $281,000 |
All other contributions, gifts, grants, and similar amounts not included above | $33,913 |
Noncash contributions included in lines 1a–1f | $30,000 |
Total Revenue from Contributions, Gifts, Grants & Similar | $314,913 |
Total Program Service Revenue | $0 |
Investment income | $716 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $315,629 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
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. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $2,300 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $125 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $1,618 |
All other expenses | $0 |
Total functional expenses | $375,106 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $61,684 |
Savings and temporary cash investments | $9,015 |
Pledges and grants receivable | $206,357 |
Accounts receivable, net | $0 |
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 | $0 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $277,056 |
Accounts payable and accrued expenses | $247,500 |
Grants payable | $0 |
Deferred revenue | $0 |
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 | $0 |
Total liabilities | $247,500 |
Net assets without donor restrictions | $29,556 |
Net assets with donor restrictions | $0 |
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 | $277,056 |