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Nonprofiteer
← FRIENDS OF THE BETSIE VALLEY TRAIL

Form 990 for tax year 2025

Filed by FRIENDS OF THE BETSIE VALLEY TRAIL.

Totals

Total revenue
$207,705
Total expenses
$164,530
Contributions and grants received
$189,488
Grants paid
$1,000
Program service revenue
$0
Investment income
$18,217
Other revenue
$0
Total assets, end of year
$633,396
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$633,396
Program services expenses (Part IX)
$123,340
Management and general expenses
$41,190
Fundraising expenses
$0
Program service expenses (Part III)
$123,340

Program services were 75.0% 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

    $160,248

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $16,700

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $12,540

  • 1g · Noncash contributions included above

    $0

  • 3 · Investment income

    total $18,217 · related or exempt $0 · unrelated business $18,217 · 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

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: contributions included on line 1c

    $16,700

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,000 · program services $1,000

  • 11g · Fees: other

    total $24,575 · management and general $24,575

  • 12 · Advertising and promotion

    total $1,826 · management and general $1,826

  • 14 · Information technology

    total $384 · management and general $384

  • 23 · Insurance

    total $1,794 · management and general $1,794

  • 24a · Other expenses: Paving Trail from Beulah Trailhead to Case Rd

    total $61,126 · program services $61,126 · management and general $0 · fundraising $0

  • 24b · Other expenses: Engineering from Thompsonville to Case Rd

    total $57,533 · program services $57,533 · management and general $0 · fundraising $0

  • 24c · Other expenses: Asphalt repair from M-115 to Adams Road

    total $3,681 · program services $3,681 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $12,611 · management and general $12,611

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $166,806 · end of year $91,474

  • 2 · Savings and temporary cash investments

    beginning of year $423,415 · end of year $541,922

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $0

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 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 $590,221 · end of year $633,396

Mission and programs · 2025

Mission

Create and maintain rail trail system.

  • Pave the Trail from the trailhead in Beulah south to Case Rd

    Expenses $61,126

  • Engineering design of the Trail for paving from Thompsonville north to Case Rd

    Expenses $57,533

  • Repair the asphalt from M-115 south to Adams Rd

    Expenses $3,681

  • Support Wm. R. Olsen Endowment at the Grand Traverse Regional Community Foundation

    Expenses $1,000

  • Maintain volunteer effort to clear the Trail of debris and overhanging brush

As filed on the 2025 return.

Listed in Part VII

  • Charlie Gregory

    Director and TCC

    Total calculated
    $0
    Hours/week
    4

  • Fred Stransky

    Director

    Total calculated
    $0
    Hours/week
    2

  • Jan Fiola

    Director

    Total calculated
    $0
    Hours/week
    2

  • Kevin Dombkowski

    Director

    Total calculated
    $0
    Hours/week
    2

  • Heidi Bolger

    President

    Total calculated
    $0
    Hours/week
    4

  • Heather Hudson

    Vice-President

    Total calculated
    $0
    Hours/week
    2

  • Doug Cook

    Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Avace Wildie

    Secretary

    Total calculated
    $0
    Hours/week
    2

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2025
Filed
5 March 2026
IRS schema version
2025v4.0
Source object
202610759349301051

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