Elkin Valley Trails Association Inc
- Assets
- $1.0m
- Revenue
- $77.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Elkin, NC
- Founding
- 06/2016
- Data as of
- 12/2022
- EIN
- 81-1524069
Organization Overview
Elkin Valley Trails Association Inc is located in Elkin, NC. The organization was established in 2016. According to its NTEE Classification (N12) the organization is classified as: Fund Raising & Fund Distribution, 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. Elkin Valley Trails Association 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 12/2022, Elkin Valley Trails Association Inc generated $77.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (10.2%) each year. All expenses for the organization totaled $17.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (29.9%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO INCREASE THE QUALITY OF LIFE IN THE ELKIN VALLEY BY BUILDING AND PROMOTING A NETWORK OF TRAILS AND GREENWAYS THAT PROVIDE EDUCATIONAL OPPORTUNITIES FOR ALL AGE GROUPS
Describe the Organization's Program Activity:
Part 3 - Line 4a
.300 ACRES IN WILKES CO GIFTED BY PIEDMONT LAND CONSERVANCY TO THE TOWN OF ELKIN WITH TRAILS TO BE CONSTRUCTED BY EVTA . SUCCESSFUL PARTNERSHIP WITH EXPLORE ELKIN/ TOWN OF ELKIN FOR NC TRAIL DAYS JUNE 2022 . PROVIDED GUIDED TRAIL HIKES ON MST SEGMENT, STONE MTN STATE PARK, ELKIN AND SURROUNDING AREA TRAILS . HOSTED TOUR DE VINO BIKE RIDE DURING ELKIN WINE FESTIVAL . . EXPANDED WEBSITE TO INCLUDE ONLINE SALES OF EVTA MERCHANDISE . CONTINUED TRAIL MAINTENANCE, IMPROVEMENTS, AND EXPANSION OF MOUNTAINS TO SEA TRAIL SEGMENT 6 . BRIDGE OF DREAMS APPROVED BY THE STATE OF NC AND SUBMITTED TO INTERSCOPE FOR CONSTRUCTION BIDDING . EXPANSION OF MST TRAIL IN PARTNERSHIP WITH SURRY CO ALONG HWY 268, TO INCLUDE SPICE FARMS AND FRIENDSHIP TRAIL SECTIONS .
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Taylor Chairman | OfficerTrustee | 10 | $0 |
Dolores Neil Secretary / Events Coordinator | OfficerTrustee | 8 | $0 |
Megan Stainback Treasurer | OfficerTrustee | 3 | $0 |
Suzanne Puckett Trail Angel | OfficerTrustee | 1 | $0 |
Bob Hillyer Vice President/ Trail Development | Trustee | 4 | $0 |
William Bill Blackley Past Chairperson | Trustee | 7 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $14,715 |
| Related organizations | $0 |
| Government grants | $5,246 |
| All other contributions, gifts, grants, and similar amounts not included above | $57,111 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $77,072 |
| Total Program Service Revenue | $0 |
| Investment income | $103 |
| 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 | $77,175 |
| 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 | $661 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,000 |
| Advertising and promotion | $0 |
| Office expenses | $137 |
| 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 | $2,105 |
| All other expenses | $0 |
| Total functional expenses | $17,023 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $550,353 |
| 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 | $0 |
| Investments—publicly traded securities | $490,648 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,041,001 |
| 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 | $0 |
| 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 | $1,041,001 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Elkin Valley Trails Association Inc has recieved totaling $235,533.
| Awarding Organization | Amount |
|---|---|
Garrett Family Ever Forward Foundation North Wilkesboro, NC PURPOSE: BRIDGE OF DREAMS | $120,000 |
Hillsdale Fund Inc Greensboro, NC PURPOSE: TO ASSIST THE TAX EXEMPT ORGANIZATION TO CARRY OUT ITS EXEMPT PURPOSE. | $50,000 |
John Wesley Hanes And Anna Hodgin Hanes Foundation Las Vegas, NV PURPOSE: GENERAL OPERATING | $25,000 |
Jandy Ammons Foundation Inc Raleigh, NC PURPOSE: BRIDGE OF DREAMS TRAIL HEAD | $20,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $11,140 |
The Duke Energy Foundation Charlotte, NC PURPOSE: CLIMATE RESILIENCY | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Atlanta Braves Foundation Inc Atlanta, GA | $5,969,688 | $4,170,883 |
Play Safe Anderson, SC | $517,101 | $2,129,966 |
Tap Cancer Out Inc Fort Mill, SC | $341,988 | $1,748,162 |
Camp Foundation Franklin, VA | $18,333,166 | $1,889,654 |
Fisher-Crum Foundation Inc Albany, GA | $16,325,649 | $1,999,719 |
Paul D Camp Community College Foundation Franklin, VA | $2,592,283 | $1,339,623 |
Old West Special Trails Inc Collierville, TN | $525,442 | $435,030 |
Wahoo Aquatic Club Inc Charleston, SC | $15,109 | $463,796 |
Rva Sports Foundation Inc Richmond, VA | $1,516,415 | $456,889 |
Mfha Foundation Middleburg, VA | $4,849,648 | $245,852 |
South Carolina Alliance Of Ymcas Rock Hill, SC | $94,787 | $317,559 |
Georgia Tennis Foundation Inc Marietta, GA | $867,351 | $342,097 |