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Nonprofiteer
← MOUNTAIN GOAT TRAIL ALLIANCE

Form 990 for tax year 2024

Filed by MOUNTAIN GOAT TRAIL ALLIANCE.

Totals

Total revenue
$765,132
Total expenses
$301,147
Contributions and grants received
$212,232
Grants paid
$50,754
Program service revenue
$0
Investment income
$546,066
Other revenue
$6,834
Total assets, end of year
$13,216,835
Total liabilities, end of year
$9,325,185
Net assets or fund balances, end of year
$3,891,650
Program services expenses (Part IX)
$164,142
Management and general expenses
$120,661
Fundraising expenses
$16,344
Program service expenses (Part III)
$164,142

Program services were 54.5% 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)

    $157,362

  • 1f · All other contributions, gifts and grants

    $54,870

  • 1g · Noncash contributions included above

    $7,000

  • 3 · Investment income

    total $546,066 · unrelated business $0 · excluded $546,066

  • 8a · Fundraising events: gross income

    $7,985

  • 8b · Fundraising events: direct expenses

    $1,986

  • 8c · Net income from fundraising events

    total $5,999 · unrelated business $0 · excluded $5,999

  • 10a · Gross sales of inventory

    $835

  • 10c · Net income from sales of inventory

    total $835 · excluded $835

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $50,754 · program services $50,754

  • 5 · Compensation of officers, directors and key employees

    total $61,050 · program services $26,950 · management and general $28,000 · fundraising $6,100

  • 8 · Pension plan contributions

    total $6,660 · program services $2,945 · management and general $3,055 · fundraising $660

  • 10 · Payroll taxes

    total $4,670 · program services $2,061 · management and general $2,142 · fundraising $467

  • 11a · Fees: management

    total $4,667 · program services $0 · management and general $4,667 · fundraising $0

  • 11c · Fees: accounting

    total $25,492 · program services $0 · management and general $25,492 · fundraising $0

  • 11f · Fees: investment management

    total $51,902 · program services $0 · management and general $51,902 · fundraising $0

  • 12 · Advertising and promotion

    total $11,129 · program services $3,032 · management and general $0 · fundraising $8,097

  • 13 · Office expenses

    total $3,020 · program services $743 · management and general $2,277 · fundraising $0

  • 17 · Travel

    total $266 · program services $0 · management and general $266 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $9,768 · program services $9,598 · management and general $170 · fundraising $0

  • 23 · Insurance

    total $4,086 · program services $2,307 · management and general $1,779 · fundraising $0

  • 24a · Other expenses: Miscellaneous expense

    total $1,349 · program services $0 · management and general $329 · fundraising $1,020

  • 24b · Other expenses: Trail maintenance

    total $65,752 · program services $65,752 · management and general $0 · fundraising $0

  • 24c · Other expenses: Bank fees

    total $582 · program services $0 · management and general $582 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $14,679 · end of year $14,242

  • 2 · Savings and temporary cash investments

    beginning of year $1,026,727 · end of year $808,245

  • 3 · Pledges and grants receivable

    beginning of year $221,405 · end of year $170,060

  • 10a · Land, buildings and equipment: cost or other basis

    $1,628,522

  • 10b · Land, buildings and equipment: accumulated depreciation

    $30,576

  • 10c · Land, buildings and equipment, net

    beginning of year $1,009,056 · end of year $1,597,946

  • 11 · Investments: publicly traded securities

    beginning of year $10,393,770 · end of year $10,626,342

  • 17 · Accounts payable and accrued expenses

    beginning of year $37,972 · end of year $125,185

  • 19 · Deferred revenue

    beginning of year $9,200,000 · end of year $9,200,000

  • 27 · Net assets without donor restrictions

    beginning of year $3,427,665 · end of year $3,891,650

Mission and programs · 2024

Mission

MGTA is committed to building a multiuse, multimodal walking and cycling trail connecting the communities along the path of the historic Mountain Goat Railroad.

  • The Organization serves as a facilitor in developing the Mountain Goat Trail: a rails-to-trials project to create a multi-use recreational corridor. A total of 12 miles has been completed with an additional 20 miles that have been acquired by community partners or government agencies. With over 75,000 visits annually, the trial promotes economic development and tourism. Since its inception, the trail has provided over $5 million in economic benefit.

    Expenses $164,142 · Grants $40,654 · Revenue $157,362

As filed on the 2024 return.

Listed in Part VII

  • WILLIAM N WILSON

    PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • JESSICA FAVALORO

    VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • JEANNINE CLEMENTS

    VICE-PRESIDENT/TREASURER

    Total calculated
    $0
    Hours/week
    5

  • DEB MCGRATH

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • CHRIS ROBERTS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BARRY ROLLINS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • EMILY PARTIN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • LOUIS RICE III

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DOUG CAMERON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • WILL REYNOLDS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • PATRICK DEAN

    EXECUTIVE DIRECTOR

    Total calculated
    $61,050
    From this org
    $61,050
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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

Provenance

Return type
form_990
Tax year
2024
Filed
13 May 2025
IRS schema version
2024v5.2
Source object
202533219349327133

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