Friends Of The Thread Trail Lagrange Ga Inc
- Assets
- $788.0k
- Revenue
- $275.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Lagrange, GA
- Founding
- 10/2016
- Data as of
- 06/2022
- EIN
- 81-3580329
Organization Overview
Friends Of The Thread Trail Lagrange Ga Inc is located in Lagrange, GA. The organization was established in 2016. According to its NTEE Classification (N30) the organization is classified as: Physical Fitness & Community Recreational Facilities, 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. Friends Of The Thread Trail Lagrange GA 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 06/2022, Friends Of The Thread Trail Lagrange GA Inc generated $275.1k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $252.2k during the year ending 06/2022. 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
FRIENDS OF THE THREAD LAGRANGE, GA, INC. (FOTT) WAS FORMED IN AUGUST 2016 TO PARTNER WITH CITY AND COUNTY LEADERS IN IMPLEMENTING THE PLAN TO CONSTRUCT THE THREAD, WHICH IS AN ENFIRONMENTALLY SENSITIVE, NON-MOTORIZED, MULTIPURPOSE TRAIL DESIGNED TO INCREASE THE HEALTH AND WELLNESS OF THE COMMUNITY THROUGH PROVIDING A SAFE ENVIRONMENT IN LAGRANGE, GA FOR FITNESS, RECREATION, TRANSPORTATION AND SPECIAL EVENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ONGOING TRAIL DEVELOPMENT AND MAINTENANCE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelly Cook Treasurer | Officer | 5 | $0 |
Charlie Metcalf President | Officer | 5 | $0 |
Cindy Miller Secretary | Officer | 5 | $0 |
Joe Ragland Vice Preside | Officer | 5 | $0 |
Curtis Brown Director | Trustee | 1 | $0 |
Allison Arrington Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $16,000 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $223,982 |
| Noncash contributions included in lines 1a–1f | $104,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $239,982 |
| Total Program Service Revenue | $0 |
| Investment income | $118 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $36,896 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$1,941 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $275,055 |
| 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 | $2,817 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,350 |
| Office expenses | $544 |
| Information technology | $6,133 |
| 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 | $113,267 |
| Depreciation, depletion, and amortization | $787 |
| Insurance | $636 |
| All other expenses | $1,262 |
| Total functional expenses | $252,245 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $345,037 |
| Savings and temporary cash investments | $250,604 |
| 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 | $1,438 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $190,385 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $500 |
| Total assets | $787,964 |
| 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 | $9,036 |
| Total liabilities | $9,036 |
| Net assets without donor restrictions | $354,587 |
| Net assets with donor restrictions | $424,341 |
| 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 | $787,964 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Friends Of The Thread Trail Lagrange Ga Inc has recieved totaling $110.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $110 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Leroy Springs & Company Inc Fort Mill, SC | $107,281,566 | $26,136,313 |
Triangle Aquatic Center Cary, NC | $23,604,525 | $5,716,572 |
Hilton Head Island Recreation Association Hilton Head Island, SC | $3,802,830 | $3,781,142 |
Newtown Recreation Inc Alpharetta, GA | $134,249 | $1,016,888 |
Florida Recreation And Park Association Inc Tallahassee, FL | $1,274,371 | $1,163,180 |
Emerald Coast Fitness Foundation Fort Walton Beach, FL | $117,412 | $758,974 |
Georgia Recreation And Park Association Inc Conyers, GA | $880,188 | $570,815 |
Zap Fitness Foundation Inc Blowing Rock, NC | $293,616 | $620,948 |
Streethopetn Powell, TN | $3,530,882 | $1,642,282 |
Girl Power For Good Foundation Inc Valparaiso, FL | $1,749,186 | $1,119,678 |
Rhea County Community Center Dayton, TN | $104,880 | $427,032 |
Standing Boy Inc Columbus, GA | $152,043 | $525,287 |