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Nonprofiteer
← IRON BELLE TRAIL FUND

Form 990 for tax year 2022

Filed by IRON BELLE TRAIL FUND.

Totals

Total revenue
$1,313,905
Total expenses
$696,899
Contributions and grants received
$1,204,380
Grants paid
$452,618
Program service revenue
$0
Investment income
$109,525
Other revenue
$0
Total assets, end of year
$6,304,065
Total liabilities, end of year
$13,535
Net assets or fund balances, end of year
$6,290,530
Program services expenses (Part IX)
$452,618
Management and general expenses
$169,281
Fundraising expenses
$75,000
Program service expenses (Part III)
$452,618

Program services were 64.9% 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.

  • 1f · All other contributions, gifts and grants

    $1,204,380

  • 3 · Investment income

    total $109,525 · excluded $109,525

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $452,618 · program services $452,618

  • 11a · Fees: management

    total $162,231 · management and general $162,231

  • 11c · Fees: accounting

    total $4,450 · management and general $4,450

  • 11e · Fees: professional fundraising services

    total $75,000 · fundraising $75,000

  • 11g · Fees: other

    total $446 · management and general $446

  • 13 · Office expenses

    total $175 · management and general $175

  • 23 · Insurance

    total $1,589 · management and general $1,589

  • 24a · Other expenses: BANK AND CC FEES

    total $390 · management and general $390

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,939,210 · end of year $846,396

  • 2 · Savings and temporary cash investments

    end of year $3,344,214

  • 3 · Pledges and grants receivable

    beginning of year $2,788,886 · end of year $2,081,889

  • 4 · Accounts receivable

    end of year $30,488

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,047 · end of year $1,078

  • 17 · Accounts payable and accrued expenses

    beginning of year $55,619 · end of year $13,535

  • 27 · Net assets without donor restrictions

    beginning of year $131,918 · end of year $150,441

  • 28 · Net assets with donor restrictions

    beginning of year $5,541,606 · end of year $6,140,089

Mission and programs · 2022

Mission

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.

  • 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.

    Expenses $452,618 · Grants $452,618

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • PEACHES MCCAHILL

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • CRAIG SHARP

    TREASURER

    Total calculated
    $0
    Hours/week
    1.5

  • CHRIS MACINNES

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • GLEN CHOWN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JULIE CLARK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • AMY GHANNAM

    DIRECTOR

    Total calculated
    $187,558
    From this org
    $0
    From related orgs
    $150,287
    Other
    $37,271
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $150,287 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $12,023 related
    Nontaxable benefits
    not reported + $25,248 related
    Filer's total
    not reported + $187,558 related

  • JEFF HARDCASTLE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PETER REMINGTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LARRY BRINKER JR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ROBERT HUGHES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
11 August 2024
IRS schema version
2022v5.0
Source object
202432279349301533

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