Iron Belle Trail Fund
- Assets
- $6.3m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Lansing, MI
- Founding
- 08/2018
- Data as of
- 09/2023
- EIN
- 82-4857694
Organization Overview
Iron Belle Trail Fund, operating under the name The Michigan Trails Fund, is located in Lansing, MI. The organization was established in 2018. 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. Michigan Trails Fund 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 09/2023, Michigan Trails Fund generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 13.0% each year . All expenses for the organization totaled $696.9k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Michigan Trails Fund has awarded 13 individual grants totaling $1,007,034. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE MICHIGAN TRAILS FUND IS TO SECURE AND DISTRIBUTE PRIVATE RESOURCES THAT WILL BE USED TO ASSIST IN THE EXPANSION AND CONNECTIVITY OF THE STATEWIDE NON-MOTORIZED TRAIL SYSTEM WHICH PROMOTES ACCESS FOR ALL, HEALTHY COMMUNITIES, CONNECTS PEOPLE TO PLACE THROUGH HERITAGE, IMPROVES LOCAL ECONOMIES, AND MAINTAINS MICHIGAN'S POSITION AS THE TRAIL STATE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE IRON BELLE TRAIL FUND (IBTF) WAS ESTABLISHED FOR CHARITABLE AND EDUCATIONAL PURPOSES TO SUPPORT THE CONSTRUCTION, MAINTENANCE, AND PROGRAMMING OF THE IRON BELLE TRAIL (IBT), A HIKING AND BIKING TRAIL CONNECTING BELLE ISLE PARK IN DETROIT, MICHIGAN TO IRONWOOD, MICHIGAN. RECOGNIZING THE IMPORTANCE OF THE ENTIRE NETWORK OF TRAILS IN THE STATE OF MICHIGAN, IBTF HAS EXPANDED ITS MISSION TO SUPPORT REGIONAL BIKE TRAILS THROUGHOUT THE STATE. AS A PART OF THIS RECOGNITION, THE IRON BELLE TRAIL FUND ADOPTED A DBA, THE MICHIGAN TRAILS FUND (MTF) EFFECTIVE JANUARY 1, 2022. THE MTF CONTINUES TO WORK COLLABORATIVELY WITH LOCAL, STATE, AND CORPORATE PARTNERS THROUGHOUT MICHIGAN TO STRATEGICALLY SUPPORT COMMUNITIES BY HELPING TO CONNECT RESOURCES AS THEY WORK TO ADVANCE TRAIL SYSTEMS. AS A PART OF THESE EFFORTS, THE MTF AWARDED AND ADMINISTERED SEVERAL GRANTS FOR TRAIL PLANNING, TRAIL ENGINEERING, AND TRAIL DEVELOPMENT PROJECTS IN SEVERAL COUNTIES THROUGHOUT MICHIGAN. TRAIL USAGE REMAINS HIGH AS CITIZENS CONTINUE TO SEEK OUTDOOR RECREATION OPPORTUNITIES THROUGHOUT THE STATE. PRIVATE FUNDS, SUCH AS THOSE OBTAINED, MANAGED AND GRANTED BY THE MTF ARE CRITICAL TO TRAIL DEVELOPMENT IN MICHIGAN AS MOST PUBLIC FUNDING SOURCES REQUIRE PRIVATE MATCHING DOLLARS AS A CONDITION OF ELIGIBILITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peaches Mccahill President | OfficerTrustee | 2 | $0 |
Craig Sharp Treasurer | OfficerTrustee | 1.5 | $0 |
Chris Macinnes Secretary | OfficerTrustee | 1 | $0 |
Glen Chown Director | Trustee | 1 | $0 |
Julie Clark Director | Trustee | 1 | $0 |
Amy Ghannam Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Remington Group Fundraising Svc | 9/29/22 | $160,000 |
Shoreline Development Assistance Llc Trails Dev | 9/29/22 | $136,000 |
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 | $1,204,380 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,204,380 |
| Total Program Service Revenue | $0 |
| Investment income | $109,525 |
| 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 | $1,313,905 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $452,618 |
| 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 | $162,231 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $75,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $446 |
| Advertising and promotion | $0 |
| Office expenses | $175 |
| 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 | $1,589 |
| All other expenses | $390 |
| Total functional expenses | $696,899 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $846,396 |
| Savings and temporary cash investments | $3,344,214 |
| Pledges and grants receivable | $2,081,889 |
| Accounts receivable, net | $30,488 |
| 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 | $1,078 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,304,065 |
| Accounts payable and accrued expenses | $13,535 |
| 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 | $13,535 |
| Net assets without donor restrictions | $150,441 |
| Net assets with donor restrictions | $6,140,089 |
| 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 | $6,304,065 |
Grants Awarded
Over the last fiscal year, Iron Belle Trail Fund has awarded $451,264 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
ACME TOWNSHIP PURPOSE: TRAILS | $300,000 |
MIDLAND COUNTY ROAD COMMISSION PURPOSE: TRAILS | $126,264 |
TRAVERSE CITY AREA RECREATION &TRANSPORTATION TRAILS INC PURPOSE: TRAILS | $25,000 |