Iron Belle Trail Fund
- Assets
- $5.4m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Lansing, MI
- Founding
- 08/2018
- Data as of
- 09/2021
- EIN
- 82-4857694
Organization Overview
Iron Belle Trail 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. Iron Belle Trail 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 09/2021, Iron Belle Trail Fund generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 26.6% each year . All expenses for the organization totaled $495.3k during the year ending 09/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE IRON BELLE TRAIL FUND IS TO SECURE AND DISTRIBUTE PRIVATE RESOURCES THAT WILL BE USED TO ASSIST IN THE EXPANSION AND CONNECTIVITY OF THE STATEWIDE RECREATION TRAIL SYSTEM WHICH LINKS COMMUNITIES, CONNECTS PEOPLE TO PLACE THROUGH HERITAGE, IMPROVES LOCAL ECONOMIES, PROMOTES HEALTH AND WELLNESS FOR ALL AGES, 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. IBTF 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 IBTF AWARDED AND ADMINISTERED SEVERAL GRANTS FOR TRAIL PLANNING, TRAIL ENGINEERING, AND TRAIL DEVELOPMENT PROJECTS IN SEVERAL COUNTIES THROUGHOUT MICHIGAN. AS A RESULT OF COVID-19, TRAIL USAGE INCREASED SIGNIFICANTLY AS CITIZENS SOUGHT SAFE, OUTDOOR RECREATION OPPORTUNITIES. IN ADDITION, PRIVATE FUNDS WERE IMPORTANT FOR TRAIL PLANNING, ENGINEERING AND DEVELOPMENT AS MANY PUBLIC DOLLARS WERE TEMPORARILY REDIRECTED TO COVID RELIEF EFFORTS. TRAIL USAGE REMAINS VERY HIGH AS CITIZENS CONTINUE TO SEEK OUTDOOR RECREATION OPPORTUNITIES THROUGHOUT THE STATE.
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PDF Copies of 990 Filings
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 |
Tom Bailey Board Member | Trustee | 1 | $0 |
Glen Chown Board Member | Trustee | 1 | $0 |
Amy Ghannam Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Washtenaw County Trails Dev | 9/29/20 | $373,873 |
The Remington Group Fundraising Svc | 9/29/20 | $350,000 |
Stantec Consulting Michigan Inc Engineering Svc | 9/29/20 | $219,911 |
Michigan Fitness Foundation Admin Svcs | 9/29/20 | $282,874 |
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 | $1,290,984 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,290,984 |
| 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 | $1,290,984 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $120,512 |
| 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 | $204,218 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $164,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $922 |
| 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 | $1,724 |
| All other expenses | $0 |
| Total functional expenses | $495,278 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,993,084 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $3,363,306 |
| Accounts receivable, net | $2,070 |
| 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 | $1,017 |
| 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 | $5,359,477 |
| Accounts payable and accrued expenses | $35,040 |
| 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 | $35,040 |
| Net assets without donor restrictions | $107,861 |
| Net assets with donor restrictions | $5,216,576 |
| 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 | $5,359,477 |
Grants Awarded
Over the last fiscal year, Iron Belle Trail Fund has awarded $120,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Chelsea, MI PURPOSE: TRAILS | $100,000 |
PLAINFIELD TOWNSHIP PURPOSE: TRAILS | $20,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Iron Belle Trail Fund has recieved totaling $500,000.
| Awarding Organization | Amount |
|---|---|
Dow Company Foundation Bay City, MI PURPOSE: COMMUNITY WELLBEING | $500,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Young Mens Christian Association Of Greater Waukesha County Inc New Berlin, WI | $45,522,336 | $21,339,242 |
National Institute For Fitness And Sport Inc Indianapolis, IN | $3,388,339 | $6,121,753 |
Xavier University Student Health And Wellness Center Corporation Cincinnati, OH | $53,300,467 | $0 |
George Young Recreational Complex Iron River, MI | $99,714 | $1,357,236 |
World Baseball Academy Inc Fort Wayne, IN | $7,537,804 | $1,941,151 |
New Richmond Area Centre Ltd New Richmond, WI | $2,632,645 | $1,659,233 |
Brown County Ice Management Inc De Pere, WI | $551,946 | $1,678,354 |
Michigan Recreation And Park Association Lansing, MI | $320,519 | $1,715,887 |
Cardinal Greenway Inc Muncie, IN | $15,294,218 | $884,519 |
Heat Athletics Inc Franklin, WI | $0 | $70,243 |
Hayward Civic Club Inc Hayward, WI | $3,229,551 | $1,328,789 |
Madison Ice Inc Madison, WI | $3,210,061 | $1,229,246 |