Form 990 for tax year 2022
Filed by FRIENDS OF THE BETSIE VALLEY TRAIL.
Totals
- Total revenue
- $204,138
- Total expenses
- $61,125
- Contributions and grants received
- $184,829
- Grants paid
- $14,986
- Program service revenue
- $0
- Investment income
- $19,309
- Other revenue
- $0
- Total assets, end of year
- $404,812
- Total liabilities, end of year
- $898
- Net assets or fund balances, end of year
- $403,914
- Program services expenses (Part IX)
- $37,871
- Management and general expenses
- $16,203
- Fundraising expenses
- $7,051
- Program service expenses (Part III)
- $37,871
Program services were 62.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1a · Federated campaigns
$0
-
1b · Membership dues
$184,829
-
1c · Fundraising events
$0
-
1d · Related organizations
$0
-
1e · Government grants (contributions)
$0
-
1f · All other contributions, gifts and grants
$0
-
1g · Noncash contributions included above
$0
-
3 · Investment income
total $98 · related or exempt $98 · unrelated business $0 · excluded $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
5 · Royalties
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
7a · Gross sales of assets other than inventory
securities $0 · other assets $19,211
-
7b · Less cost or other basis and sales expenses
securities $0 · other assets $0
-
7c · Gain or loss
securities $0 · other assets $19,211
-
7d · Net gain or loss
total $19,211 · related or exempt $19,211 · unrelated business $0 · excluded $0
-
8a · Fundraising events: gross income
$0
-
8a · Fundraising events: contributions included on line 1c
$0
-
8b · Fundraising events: direct expenses
$0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $14,986 · program services $14,986
-
11g · Fees: other
total $13,085 · management and general $13,085
-
14 · Information technology
total $480 · management and general $480
-
19 · Conferences, conventions and meetings
total $393 · management and general $393
-
23 · Insurance
total $1,123 · management and general $1,123
-
24a · Other expenses: Memberships
total $690 · program services $0 · management and general $690 · fundraising $0
-
24b · Other expenses: PayPal and Bank Fees
total $432 · program services $0 · management and general $432 · fundraising $0
-
24c · Other expenses: Printing & Postage
total $4,611 · program services $0 · management and general $0 · fundraising $4,611
-
24d · Other expenses: Shirts & Merchandise
total $2,440 · program services $0 · management and general $0 · fundraising $2,440
-
24e · All other expenses
total $22,885 · program services $22,885
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $261,851 · end of year $404,812
-
10a · Land, buildings and equipment: cost or other basis
$0
-
10b · Land, buildings and equipment: accumulated depreciation
$0
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $950 · end of year $898
-
29 · Capital stock, trust principal or current funds
beginning of year $260,901 · end of year $403,914
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $0 · end of year $0
Mission and programs · 2022
Mission
Create and maintain rail trail system.
-
Construction of storage facility
Expenses $20,511 · Grants $17,765 · Revenue -$2,746
-
Trail maintenance
Expenses $2,374 · Revenue -$2,374
-
Contribute to the Wm. R. Olsen Endowment for the Friends of the Betsie Valley Trail held by the Grand Traverse Regional Community Foundation
Expenses $13,986 · Grants $13,986
-
Contribute to the Michigan Greenways and Trail Alliance to support lobbying efforts.
Expenses $1,000 · Grants $1,000
As filed on the 2022 return.
Listed in Part VII
-
Charlie Gregory
Director and TCC
- Total calculated
- $0
- Hours/week
- 10
-
Fred Stransky
Director
- Total calculated
- $0
- Hours/week
- 2
-
Hunter Steinkamp
Director
- Total calculated
- $0
- Hours/week
- 1
-
Chris Remy
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jan Fiola
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jed Maker
President
- Total calculated
- $0
- Hours/week
- 5
-
Tom Jackson
VP
- Total calculated
- $0
- Hours/week
- 5
-
Doug Cook
Treasurer
- Total calculated
- $0
- Hours/week
- 5
-
Avace Wildie
Secretary
- Total calculated
- $0
- Hours/week
- 5
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
-
Support the Wm. R. Olsen Endowment for the Friends of the Betsie Valley Trail.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 1 March 2023
- IRS schema version
- 2022v4.0
- Source object
- 202340659349300514
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