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Nonprofiteer
← CAROLINA THREAD TRAIL

Form 990 for tax year 2022

Filed by CAROLINA THREAD TRAIL.

Totals

Total revenue
$337,577
Total expenses
$9,811,944
Contributions and grants received
$337,575
Grants paid
$8,386,205
Program service revenue
$0
Investment income
$2
Other revenue
$0
Total assets, end of year
$0
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$9,782,170
Management and general expenses
$27,669
Fundraising expenses
$2,105
Program service expenses (Part III)
$9,782,170

Program services were 99.7% 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

    $337,575

  • 1g · Noncash contributions included above

    $566

  • 7a · Gross sales of assets other than inventory

    securities $2

  • 7b · Less cost or other basis and sales expenses

    securities $0

  • 7c · Gain or loss

    securities $2

  • 7d · Net gain or loss

    total $2 · excluded $2

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $8,386,205 · program services $8,386,205

  • 11c · Fees: accounting

    total $3,675 · program services $1,642 · management and general $1,889 · fundraising $144

  • 11f · Fees: investment management

    total $8,653 · program services $3,867 · management and general $4,448 · fundraising $338

  • 11g · Fees: other

    total $1,413,411 · program services $1,390,456 · management and general $21,332 · fundraising $1,623

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $406,640 · end of year $0

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $1,419,539 · end of year $0

  • 4 · Accounts receivable

    end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    end of year $0

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    beginning of year $7,778,269 · end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $50 · end of year $0

  • 28 · Net assets with donor restrictions

    beginning of year $9,604,398 · end of year $0

Mission and programs · 2022

Mission

TO PROVIDE CAPITAL, TECHNICAL EXPERTISE, AND SUPPORT TO LOCAL COMMUNITIES TO SUCCESSFULLY BUILD THE REGIONAL VISION OF THE TRAIL AND CONSERVE NATURAL LANES ALONG THE TRAILS.

Activities or mission (Part I)

TO FACILITATE THE CREATION OF GREENWAYS, TRAILS, BLUEWAYS, PARKS, RECREATION AREAS OR OTHER OPEN NATURAL OR CIVIC SPACES, WITH A GOAL TOWARDS PRESERVING NATURAL AREAS.

  • ENVIRONMENT: THE CAROLINA THREAD TRAIL IS DEVELOPING A REGIONAL NETWORK OF GREENWAYS, TRAILS AND BLUEWAYS THAT SPAN 15 COUNTIES, 2 STATES AND 2.9 MILLION PEOPLE. THERE ARE OVER 400 MILES OF TRAILS AND 170 MILES OF BLUEWAY OPEN TO THE PUBLIC THAT LINK PEOPLE, PLACES, CITIES, TOWNS AND ATTRACTIONS. THE THREAD TRAIL PRESERVES OUR NATURAL AREAS AND IS A PLACE FOR EXPLORATION OF NATURE, CULTURE, SCIENCE AND HISTORY. THIS IS A LANDMARK PROJECT THAT PROVIDES PUBLIC AND COMMUNITY BENEFITS FOR EVERYONE, IN EVERY COMMUNITY. DURING 2022, THE ORGANIZATION DISBURSED GRANTS TO VARIOUS ORGANIZATIONS AND ENGAGED CATAWBA LANDS CONSERVANCY TO ASSIST IN PLANNING AND DEVELOPMENT OF GREENWAYS, TRAILS AND ENVIRONMENTAL PROTECTION. AT THE END OF 2022, THE ORGANIZATION DISSOLVED AND TRANSFERRED ALL REMAINING ASSETS TO THE FOUNDATION FOR THE CAROLINAS FOR THE BENEFIT OF CATAWBA LANDS CONSERVANCY WHICH WILL CONTINUE THIS PROJECT GOING FORWARD.

    Expenses $9,782,170 · Grants $8,386,205

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

Listed in Part VII

  • Shuford Abernethy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Sally Daley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Dehler Hart

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Dana Maness

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Bailey Patrick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Marshall Rogers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Jennifer Dewitt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Lat Purser

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Tim Belk

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Blair Boggs

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Delane Clark

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Jarred Cochran

    CHAIR

    Total calculated
    $0
    Hours/week
    0.3

  • Leslie Johnson

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.3

  • Jon Morris

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Harris Morrison

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Dave Priester

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Micahel Marsicano

    VICE PRESIDENT

    Total calculated
    $898,324
    From this org
    $0
    From related orgs
    $817,136
    Other
    $81,188
    Hours/week
    3 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $522,647 related
    Bonus
    $0 + $200,000 related
    Other
    $0 + $94,489 related
    Deferred
    $0 + $61,000 related
    Nontaxable benefits
    $0 + $20,188 related
    Filer's total
    $0 + $898,324 related

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

  • FOUNDATION FOR THE CAROLINAS

    $7,463,261

    TRAIL DEVELOPMENT

  • CITY OF SHELBY

    $275,000

    TRAIL DEVELOPMENT

  • TOWN OF RICHFIELD

    $87,061

    TRAIL DEVELOPMENT

  • TOWN OF CRAMERTON

    $86,700

    TRAIL DEVELOPMENT

  • TOWN OF WADESBORO

    $85,000

    TRAIL DEVELOPMENT

  • TOWN OF SPENCER

    $50,000

    TRAIL DEVELOPMENT

  • TOWN OF WAXHAW

    $50,000

    TRAIL DEVELOPMENT

  • TOWN OF MOUNT PLEASANT

    $43,923

    TRAIL DEVELOPMENT

  • FRIENDS OF NORTH STANLY TRAILS AND PARKS

    $40,000

    TRAIL DEVELOPMENT

  • CITY OF ROCK HILL

    $30,000

    TRAIL DEVELOPMENT

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

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.

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

Provenance

Return type
form_990
Tax year
2022
Filed
8 August 2023
IRS schema version
2022v5.0
Source object
202332559349300503

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

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