Elizabeth River Trail Foundation is located in Norfolk, VA. The organization was established in 2017. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2023, Elizabeth River Trail Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Elizabeth River Trail Foundation 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 06/2023, Elizabeth River Trail Foundation generated $299.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (24.5%) each year. All expenses for the organization totaled $252.2k during the year ending 06/2023. 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
CREATE AN INCLUSIVE AND RESILIENT URBAN RIVERFRONT TRAIL THAT CONNECTS AND INSPIRES PEOPLE AND BUSINESSES IN THE REGION. THE ERT FOUNDATION PROVIDES THE PLANNING, FUNDRAISING, PROGRAMMING AND MARKETING TO GENERATE PUBLIC SUPPORT FOR A HEALTHY AND DYNAMIC REGIONAL TRAIL, IN SERVICE OF OUR VISION TO BUILD A TRAIL AS DIVERSE AND VIBRANT AS THE LAND IT SITS ON, THE RIVER IT FOLLOWS, AND THE COMMUNITY IT SERVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGH FREE PUBLIC RECREATIONAL AND EDUCATIONAL PROGRAMMING, TRAIL SURFACE WIDENING AND MAINTENANCE, AND INSTALLATION OF AMENITIES FOR PUBLIC USAGE DESIGNED TO ACTIVATE AND ENHANCE THE ELIZABETH RIVER TRAIL IN NORFOLK, VA. AN UPGRADE OF 4 DIGITAL TRAIL COUNTERS ALLOWED US TO ACCURATELY RECORD TRAIL USAGE AT 622,000 USERS PER YEAR. WIDENED AND IMPROVED THE EAST END OF TRAIL FROM DOWNTOWN NORFOLK TOWARDS NORFOLK STATE UNIVERSITY, ADDED NEW FREE PUBLIC WATER BASED PROGRAMMING FOR GROUP KAYAK TOURS AND INCLUDED AN INCREASE IN MENTAL HEALTH AWARENESS AND WELL-BEING PROGRAMMING IN PARTNERSHIP WITH EASTERN VIRGINIA MEDICAL SCHOOL FOR A THREE PART WALK AND TALK SERIES ON THE TRAIL.
THE ECO-COUNTERS MULTI SYSTEM HAS BEEN INSTALLED AT SPECIFIC LOCATIONS ALONG THE ELIZABETH RIVER TRAIL AND ELSEWHERE ON NORFOLK'S BIKE NETWORK TO ACCURATELY COUNT PEDESTRIAN AND CYCLIST USE ALONG THE TRAIL AND BIKE NETWORK. THE SYSTEM ALLOWS FOR THE ANALYSIS OF DATA FROM MULTIPLE USER TYPES OVER TIME. THIS SYSTEM COMBINES THE PASSIVE INFRARED SENSOR AND AN INDUCTIVE LOOP SENSOR. AN INTELLIGENT SUBSYSTEM ANALYZES THE SIGNAL FROM BOTH SENSORS IN ORDER TO COUNT AND CLASSIFY EACH USER. THE ORGANIZATION ALSO HAS ENGAGED IN A NUMBER OF PROJECTS WHICH HAVE ENCHANCED THE EXPERIENCE OF USING THE TRAIL. COST OF ENHANCEMENTS NOT DONATED BACK TO THE CITY ARE INCLUDED IN FIXED ASSETS AND DEPRECIATED OVER THE USEFUL LIFE OF THE ASSET. COST OF ENHANCEMENTS CURRENTLY UNDER CONSTRUCTION ARE INCLUDED IN CONSTRUCTION IN PORCESS. SOME ENHANCEMENTS INCLUDE, BUT ARE NOT LIMITED TO: PLAYGROUND EQUIPMENT, TRAILHEAD AND WAYFINDING SIGNAGE, BIKE REPAIR STATIONS, TRASH CANS AND MANY OTHER AMENITIES.
IN PARTNERSHIP WITH OVER 60 COMMUNITY PARTNERS WE HAVE BEEN ABLE TO REACH 3,425 EVENT PARTICIPANTS AND PROVIDED 92 FREE EVENTS ON THE TRAIL FOR THE PUBLIC. ENCOMPASSING 1,322 VOLUNTEER HOURS AND REMOVING 3,808 POUNDS OF LITTER. WE PLANTED SEVEN TREES, A POLLINATOR GARDEN AND NATIVE PLANTS TO ENHANCE OUR MANAGED MEADOW. INSTALLED THE FIRST HYDRATION STATION ON THE TRAIL FOR DRINKING WATER ACCESS, INSTALLED A BENCH NEAR A PLAYGROUND, CREATED A POCKET PARK WITH LITTLE FREE LIBRARY AND THE FIRST COMMUNITY NEEDS PANTRY ON THE ERT.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Barry Bishop Treasurer | OfficerTrustee | $0 | |
Pete Buryk Director | OfficerTrustee | $0 | |
Tim Faulkner Director | Trustee | $0 | |
Earl Fraley Director | Trustee | $0 | |
John Garrett Director | OfficerTrustee | $0 | |
Jackie Glass Director | Trustee | $0 |
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 | $298,924 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $298,924 |
Total Program Service Revenue | $0 |
Investment income | $56 |
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 | $298,980 |
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 | $118,783 |
Pension plan accruals and contributions | $4,421 |
Other employee benefits | $9,887 |
Payroll taxes | $8,973 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $2,730 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $22,092 |
Advertising and promotion | $16,648 |
Office expenses | $11,880 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $1,195 |
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 | $48,379 |
Insurance | $6,000 |
All other expenses | $1,250 |
Total functional expenses | $252,238 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $466,622 |
Savings and temporary cash investments | $517,321 |
Pledges and grants receivable | $61,050 |
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 | $334,793 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $862,371 |
Total assets | $2,242,157 |
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 | $6,979 |
Total liabilities | $6,979 |
Net assets without donor restrictions | $2,235,178 |
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 | $2,242,157 |