Form 990 for tax year 2023
Filed by MOUNTAIN TRAILS FOUNDATION INC.
Totals
- Total revenue
- $1,610,400
- Total expenses
- $1,326,018
- Contributions and grants received
- $1,311,113
- Grants paid
- $75,650
- Program service revenue
- $330,602
- Investment income
- -$1,664
- Other revenue
- -$29,651
- Total assets, end of year
- $3,863,903
- Total liabilities, end of year
- $1,569,138
- Net assets or fund balances, end of year
- $2,294,765
- Program services expenses (Part IX)
- $1,097,398
- Management and general expenses
- $168,788
- Fundraising expenses
- $59,832
- Program service expenses (Part III)
- $1,097,398
Program services were 82.8% 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.
-
1e · Government grants (contributions)
$117,391
-
1f · All other contributions, gifts and grants
$1,193,722
-
2a · Program service revenue: MAINTENANCE CONTRACTS
total $280,309 · related or exempt $280,309
-
2b · Program service revenue: TRAIL MAPS
total $35,107 · related or exempt $35,107
-
2c · Program service revenue: TRAIL EVENT REGISTRATIONS
total $15,186 · related or exempt $15,186
-
3 · Investment income
total $18,948 · excluded $18,948
-
7a · Gross sales of assets other than inventory
securities $100,000
-
7b · Less cost or other basis and sales expenses
securities $120,612
-
7c · Gain or loss
securities -$20,612
-
7d · Net gain or loss
total -$20,612 · excluded -$20,612
-
10a · Gross sales of inventory
$422
-
10b · Cost of goods sold
$30,073
-
10c · Net income from sales of inventory
total -$29,651 · related or exempt -$29,651
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $75,650 · program services $75,650
-
5 · Compensation of officers, directors and key employees
total $142,780 · program services $71,390 · management and general $35,695 · fundraising $35,695
-
7 · Other salaries and wages
total $477,308 · program services $418,914 · management and general $51,551 · fundraising $6,843
-
9 · Other employee benefits
total $30,086 · program services $23,789 · management and general $4,233 · fundraising $2,064
-
10 · Payroll taxes
total $51,099 · program services $40,404 · management and general $7,190 · fundraising $3,505
-
11c · Fees: accounting
total $17,950 · management and general $17,950
-
11g · Fees: other
total $2,606 · program services $577 · management and general $2,029
-
12 · Advertising and promotion
total $21,460 · program services $21,460
-
13 · Office expenses
total $34,457 · program services $22,072 · management and general $10,510 · fundraising $1,875
-
14 · Information technology
total $19,961 · program services $19,961
-
16 · Occupancy
total $11,066 · program services $11,066
-
17 · Travel
total $13,309 · program services $9,244 · management and general $4,065
-
22 · Depreciation, depletion and amortization
total $75,982 · program services $57,746 · management and general $9,118 · fundraising $9,118
-
23 · Insurance
total $36,584 · program services $13,902 · management and general $21,950 · fundraising $732
-
24a · Other expenses: TRAIL MAINT./CONSTRUCTION
total $179,432 · program services $179,432
-
24b · Other expenses: TRAIL EQUIPMENT
total $63,606 · program services $63,606
-
24c · Other expenses: INTEREST EXPENSE
total $32,983 · program services $32,983
-
24d · Other expenses: PROGRAM SUPPLIES
total $19,149 · program services $19,149
-
24e · All other expenses
total $20,550 · program services $16,053 · management and general $4,497
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $517,429 · end of year $588,859
-
2 · Savings and temporary cash investments
beginning of year $382,952 · end of year $135,092
-
4 · Accounts receivable
beginning of year $76,142 · end of year $542
-
9 · Prepaid expenses and deferred charges
beginning of year $100,570 · end of year $5,194
-
10a · Land, buildings and equipment: cost or other basis
$3,260,984
-
10b · Land, buildings and equipment: accumulated depreciation
$397,962
-
10c · Land, buildings and equipment, net
beginning of year $659,020 · end of year $2,863,022
-
11 · Investments: publicly traded securities
beginning of year $365,033 · end of year $271,194
-
17 · Accounts payable and accrued expenses
beginning of year $116,161 · end of year $21,292
-
18 · Grants payable
end of year $75,000
-
23 · Secured mortgages and notes payable
end of year $1,472,846
-
27 · Net assets without donor restrictions
beginning of year $1,984,985 · end of year $2,294,765
Mission and programs · 2023
Mission
BUILD, MAINTAIN, AND ADVOCATE FOR NON-MOTORIZED TRAILS IN PARK CITY AND AROUND UTAH.
-
TRAIL PROJECTS: 1. TRAIL MAINTENANCE ~200 MILES - PERPETUAL 2. COUSIN EDDIE TRAIL BUILT AT CLARK RANCH - COMPLETED 3. FAMILY TRUCKSTER TRAIL BUILT AT CLARK RANCH - COMPLETED 4. PARK CITY HEIGHTS LYNX TRAIL - COMPLETED 5. CHANGE REACTION AND SPARE CHANGE TRAILS - COMPLETED 6. SELDOM SEEN TRAIL - COMPLETED 7. BONANZA LOOP TRAIL - PROGRESS CONTINUED 8. DEER VALLEY TRAIL CONNECTIONS FOR HIKERS - COMPLETED OTHER PROJECTS: 1. ALL-THINGS-TRAILS RESOURCE WEBPAGE - COMPLETED 2. REGIONAL TRAILS MIXER (FORMERLY MOUNTAIN MADNESS) - ALL-THINGS-TRAILS OPEN HOUSE. SUCCESS, 250+ PEOPLE ATTENDED AND 14 ORGANIZATIONS PRESENTED 3. DIGITAL CONTENT LIBRARY - FORMED AND PERPETUALLY EXPANDING 5. ANNUAL SUMMER TRAIL MAP - COMPLETED 6. WINTER TRAIL MAP - COMPLETED
Expenses $1,097,398 · Grants $75,650 · Revenue $315,416
-
TRAIL EVENTS: OUR FUNDRAISING AND EVENT PROGRAMS INCLUDE THE TOUR DES SUDS EVENT AND VARIOUS VOLUNTEER DAYS, THESE TRAIL EVENTS ACCOUNT FOR 5% OF OUR OPERATIONS.
Revenue $15,186
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Lora SmithLORA SMITH
EXECUTIVE DI
- Total calculated
- $142,780
- From this org
- $142,780
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Carole AgleCAROLE AGLE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Charlie ButlerCHARLIE BUTLER
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Todd HennemanTODD HENNEMAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Will HodgmanWILL HODGMAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Thor KallerudTHOR KALLERUD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Roanne MayerROANNE MAYER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Cory McNeelyCORY MCNEELY
TREASURER
- Total calculated
- $0
- Hours/week
- 5
-
Joseph NolanJOSEPH NOLAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Steve PerkinsSTEVE PERKINS
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
John SaleJOHN SALE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Adan StrachanADAN STRACHAN
ATTORNEY
- Total calculated
- $0
- Hours/week
- 1
-
Katie WilkingKATIE WILKING
BOARD MEMBER
- 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.
Grants on this return
-
$37,500
-
SOUTH SUMMIT TRAILS FOUNDATION
$37,500
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 11 November 2024
- IRS schema version
- 2023v5.0
- Source object
- 202443179349304704
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