Wabash River Trail Inc
- Assets
- $1.3m
- Revenue
- $26.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Wabash, IN
- Founding
- 07/2015
- Data as of
- 12/2023
- EIN
- 47-2875936
Organization Overview
Wabash River Trail Inc is located in Wabash, IN. The organization was established in 2015. According to its NTEE Classification (N31) the organization is classified as: Community Recreational Centers, 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. Wabash River Trail Inc 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, Wabash River Trail Inc generated $26.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (57.0%) each year. All expenses for the organization totaled $142.9k 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
PROVIDE TRAIL ACCESS FOR OUTDOOR RECREATION ALONG THE SCENIC WABASH RIVER
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRAIL DEVELOPMENT - SINCE ITS INCEPTION, THE VISION OF WRT IS TO CREATE A MULTI-USE TRAIL ALONG THE WABASH RIVER CORRIDOR THAT WILL PROVIDE A QUALITY OF LIFE IMPROVEMENT DESIGNED TO CAPITALIZE ON THE NATURAL BEAUTY OF THE WABASH RIVER, BOOST ECONOMIC DEVELOPEMENT, AND PROMOTE COMMUNITY WELLNESS. WRT STARTED PHASE 1A OF THE TRAIL IN 2016 LOCATED IN THE TOWN OF LAGRO AND SUBSEQUENTLY ADDED A RESTROOM, IMPROVED BOAT LAUNCH, INSTALLED TWO TRAIL BRIDGES AND MADE SIGNIFICANT IMPROVEMENTS TO THE POLE BARN IN 2021, THE WABASH RIVER TRAIL PHASE 1B WAS COMPLETED, WHICH WAS 5.5 MILES IN LENGTH AND NOW CONNECTS WABASH TO LAGRO. WRT SATISIFED THE REQUIREMENTS FROM NEXT LEVEL TRAIL GRANT THAT WAS AWARDED IN 2019 FROM THE INDIANA DEPARTMENT OF NATURAL RESOURCES, AND ALL LAND EASMENTS WERE FINALIZED, RECORDED AND PAID. ALSO, EXTENSIVE SIGNAGE PLAN WAS INSTALLED IN LARGO, ALONG THE TRAIL AND THROUGH PARADISE SPRING PARK, WHICH DIRECTS VISITORS TO THE TRAIL AND LOCAL ATTRACTIONS NEAR THE TRAIL AS WELL AS AN OVERLOOK AREA WAS CREATED GIVING TRAIL USERS AN OPTIMAL VIEW OF THE WABASH RIVER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dean Davenport Secretary | OfficerTrustee | 2 | $0 |
Amy Ford President | OfficerTrustee | 20 | $0 |
Justin Gillespie Vice Pres./ | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,700 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,700 |
| Total Program Service Revenue | $0 |
| Investment income | $19,309 |
| 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 | $26,023 |
| 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 | $22 |
| Fees for services: Accounting | $650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,469 |
| Information technology | $3,007 |
| 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 | $22,348 |
| Insurance | $7,581 |
| All other expenses | $421 |
| Total functional expenses | $142,887 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $767,990 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $540,355 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,308,345 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $1,308,345 |
| 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 | $1,308,345 |