Friends Of The@concord - Lake Sunapee Rail Trail
- Assets
- $259.7k
- Revenue
- $93.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Warner, NH
- Founding
- 10/2017
- Data as of
- 12/2022
- EIN
- 82-1312679
Organization Overview
Friends Of The@concord - Lake Sunapee Rail Trail is located in Warner, NH. The organization was established in 2017. According to its NTEE Classification (C30) the organization is classified as: Natural Resources Conservation & Protection, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of The@concord - Lake Sunapee Rail Trail 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, Friends Of The@concord - Lake Sunapee Rail Trail generated $93.6k 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 (12.6%) each year. All expenses for the organization totaled $47.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (20.5%) per year over the past 4 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
THE MISSION OF THE FRIENDS OF THE CONCORD - LAKE SUNAPEE RAIL TRAIL IS TO BUILD AND MAINTAIN A 34 MILE MULTI-USE TRAIL THROUGH THE NEW HAMPSHIRE MUNICIPALITIES OF CONCORD, HOPKINTON, WARNER, SUTTON, BRADFORD AND NEWBURY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BAGLEY BRIDGE TO EXIT 8 PROJECT STARTED WITH PLACING OF WATTLE SO TREES COULD BE CUT AND STUMPS DRAGGED OUT. THIS HAPPENED LATE IN THE YEAR AS WE WAITED FOR NORTHERN LONG EARED BATS TO MIGRATE AWAY FROM THE AREA. THIS PREPARATION WORK WILL ENABLE US TO BUILD THE TRAIL FASTER ONCE FUNDING IS SECURED. WE ALSO CONSTRUCTED A PICNIC TABLE FOR PLACEMENT ON THIS PROJECT.
ALL OTHER PROJECTS.
IN 2022 CONCORD-LAKE SUNAPEE ORGANIZED FIVE 5K EVENTS TO DRAW PEOPLE TO SECTIONS OF RAIL TRAIL WE HAVE ON THE GROUND IN MULTIPLE TOWNS. THOSE WHO PARTICIPATED REALLY ENJOYED THE EXPERIENCE WITH MANY ENTERING MULTIPLE 5K'S. NOTE: THE EXCESS OF REVENUE OVER EXPENSES IS SET ASIDE IN A TRAIL MAINTENANCE FUND FOR ON-GOING TRAIL REPAIRS.
AS PART OF THE EXTENSION OF THE STEVENS RAIL TRAIL SECTION OF THE TRAIL, WE BUILT A KIOSK AT THE HOPKINTON LIBRARY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy S Blagden Board President | OfficerTrustee | 40 | $0 |
Kristen M Riley Secretary | OfficerTrustee | 5 | $0 |
James F Sherman Treasurer | OfficerTrustee | 3 | $0 |
Derek Lick Board Member | Trustee | 3 | $0 |
Fred Nystrom Board Member | Trustee | 3 | $0 |
David White Board Member | Trustee | 3 | $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 | $84,482 |
| Noncash contributions included in lines 1a–1f | $13,543 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $84,482 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $93,599 |
| 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 | $13,543 |
| Fees for services: Accounting | $1,490 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,443 |
| Office expenses | $961 |
| Information technology | $753 |
| 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 | $11,120 |
| Insurance | $2,285 |
| All other expenses | $0 |
| Total functional expenses | $47,831 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $89,252 |
| 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 | $70,858 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $99,550 |
| Other assets | $0 |
| Total assets | $259,660 |
| 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 | $100,387 |
| Net assets with donor restrictions | $159,273 |
| 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 | $259,660 |