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← MAT-SU TRAILS & PARKS FOUNDATION

Form 990 for tax year 2023

Filed by MAT-SU TRAILS & PARKS FOUNDATION.

Totals

Total revenue
$1,114,025
Total expenses
$1,248,668
Contributions and grants received
$1,079,308
Grants paid
$471,123
Program service revenue
$0
Investment income
$34,717
Other revenue
$0
Total assets, end of year
$2,025,900
Total liabilities, end of year
$1,318,883
Net assets or fund balances, end of year
$707,017
Program services expenses (Part IX)
$1,187,064
Management and general expenses
$61,604
Fundraising expenses
$0
Program service expenses (Part III)
$1,187,064

Program services were 95.1% 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

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $383,976

  • 1f · All other contributions, gifts and grants

    $695,332

  • 1g · Noncash contributions included above

    $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $34,717 · related or exempt $34,717 · 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

  • 7c · Gain or loss

    securities $0 · other assets $0

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

    $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $471,123 · program services $471,123

  • 2 · Grants to domestic individuals

    total $0 · program services $0

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

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

  • 6 · Compensation of disqualified persons

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

  • 7 · Other salaries and wages

    total $115,644 · program services $115,644 · management and general $0 · fundraising $0

  • 8 · Pension plan contributions

    total $3,156 · program services $3,156 · management and general $0 · fundraising $0

  • 9 · Other employee benefits

    total $9,742 · program services $9,742 · management and general $0 · fundraising $0

  • 10 · Payroll taxes

    total $12,057 · program services $12,057 · management and general $0 · fundraising $0

  • 11a · Fees: management

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

  • 11b · Fees: legal

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

  • 11c · Fees: accounting

    total $18,001 · program services $0 · management and general $18,001 · fundraising $0

  • 11d · Fees: lobbying

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

  • 11e · Fees: professional fundraising services

    total $0 · fundraising $0

  • 11f · Fees: investment management

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

  • 11g · Fees: other

    total $7,777 · program services $0 · management and general $7,777 · fundraising $0

  • 12 · Advertising and promotion

    total $2,516 · program services $0 · management and general $2,516 · fundraising $0

  • 13 · Office expenses

    total $5,200 · program services $0 · management and general $5,200 · fundraising $0

  • 14 · Information technology

    total $15,726 · program services $0 · management and general $15,726 · fundraising $0

  • 15 · Royalties

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

  • 16 · Occupancy

    total $8,656 · program services $0 · management and general $8,656 · fundraising $0

  • 17 · Travel

    total $353 · program services $353 · management and general $0 · fundraising $0

  • 18 · Travel or entertainment for public officials

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

  • 19 · Conferences, conventions and meetings

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

  • 20 · Interest

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

  • 21 · Payments to affiliates

    total $1,500 · program services $1,500 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $1,235 · program services $1,235 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $11,552 · program services $11,552 · management and general $0 · fundraising $0

  • 24a · Other expenses: Curry Ridge Trail Construct

    total $501,400 · program services $501,400 · management and general $0 · fundraising $0

  • 24b · Other expenses: Helmsley Indep Mine Restoration

    total $56,694 · program services $56,694 · management and general $0 · fundraising $0

  • 24c · Other expenses: Events

    total $2,608 · program services $2,608 · management and general $0 · fundraising $0

  • 24d · Other expenses: Miscellaneous

    total $3,728 · program services $0 · management and general $3,728 · fundraising $0

  • 24e · All other expenses

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

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $87,369 · end of year $114,877

  • 2 · Savings and temporary cash investments

    beginning of year $1,806,103 · end of year $1,493,421

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,250 · end of year $6,667

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

    $81,150

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

    $39,181

  • 10c · Land, buildings and equipment, net

    beginning of year $811 · end of year $41,969

  • 11 · Investments: publicly traded securities

    end of year $368,966

  • 15 · Other assets

    beginning of year $269,794

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,118 · end of year $2,053

  • 18 · Grants payable

    beginning of year $81,760 · end of year $104,226

  • 19 · Deferred revenue

    beginning of year $0 · end of year $1,212,604

  • 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

  • 25 · Other liabilities

    beginning of year $1,290,924 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $522,349 · end of year $387,841

  • 28 · Net assets with donor restrictions

    beginning of year $269,176 · end of year $319,176

Mission and programs · 2023

Mission

To promote trails and parks in the Matanuska Susitna Borough

  • Support the development of an integrated network of trails and parks throughout the 25,258 square miles of the Matanuska Susitna Borough in Southcentral Alaska

    Expenses $1,187,064 · Grants $471,123 · Revenue $1,160,410

As filed on the 2023 return.

Listed in Part VII

  • Sam Adams

    Director

    Total calculated
    $0
    Hours/week
    1

  • Bob Charles

    Director

    Total calculated
    $0
    Hours/week
    1

  • Paul Clark

    Director

    Total calculated
    $0
    Hours/week
    1

  • Lorraine Cordova

    Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Chelsea Hedrick

    Director

    Total calculated
    $0
    Hours/week
    1

  • George Hoden

    Board President

    Total calculated
    $0
    Hours/week
    2

  • Susie Lemons

    Director

    Total calculated
    $0
    Hours/week
    1

  • Josh Leutzinger

    Director

    Total calculated
    $0
    Hours/week
    1

  • Ryan Mollnow

    Director

    Total calculated
    $0
    Hours/week
    1

  • Kathryn Swartz

    Board Vice President and Secretary

    Total calculated
    $0
    Hours/week
    2

  • Brian Winnestaffer

    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.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
25 March 2024
IRS schema version
2023v5.0
Source object
202420879349300332

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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