Totals
- Total revenue
- $743,842
- Total expenses
- $185,305
- Contributions and grants received
- $571,544
- Grants paid
- $100
- Program service revenue
- $0
- Investment income
- $165,511
- Other revenue
- $6,787
- Total assets, end of year
- $12,665,637
- Total liabilities, end of year
- $9,237,972
- Net assets or fund balances, end of year
- $3,427,665
- Program services expenses (Part IX)
- $116,830
- Management and general expenses
- $46,230
- Fundraising expenses
- $22,245
- Program service expenses (Part III)
- $116,830
Program services were 63.0% 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.
-
1c · Fundraising events
$4,500
-
1e · Government grants (contributions)
$117,273
-
1f · All other contributions, gifts and grants
$449,771
-
1g · Noncash contributions included above
$160,467
-
3 · Investment income
total $165,511 · unrelated business $0 · excluded $165,511
-
8a · Fundraising events: gross income
$7,932
-
8a · Fundraising events: contributions included on line 1c
$4,500
-
8b · Fundraising events: direct expenses
$1,579
-
8c · Net income from fundraising events
total $6,353 · unrelated business $0 · excluded $6,353
-
10a · Gross sales of inventory
$434
-
10c · Net income from sales of inventory
total $434 · excluded $434
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $100 · program services $100
-
5 · Compensation of officers, directors and key employees
total $55,000 · program services $24,750 · management and general $24,750 · fundraising $5,500
-
8 · Pension plan contributions
total $5,000 · program services $2,250 · management and general $2,250 · fundraising $500
-
10 · Payroll taxes
total $4,208 · program services $1,893 · management and general $1,893 · fundraising $422
-
11c · Fees: accounting
total $6,573 · program services $0 · management and general $6,573 · fundraising $0
-
12 · Advertising and promotion
total $12,824 · program services $0 · management and general $0 · fundraising $12,824
-
13 · Office expenses
total $5,973 · program services $1,800 · management and general $2,095 · fundraising $2,078
-
17 · Travel
total $685 · program services $0 · management and general $685 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $11,812 · program services $11,642 · management and general $170 · fundraising $0
-
23 · Insurance
total $3,464 · program services $1,800 · management and general $1,664 · fundraising $0
-
24a · Other expenses: Miscellaneous expense
total $824 · program services $0 · management and general $124 · fundraising $700
-
24b · Other expenses: Tail maintenance
total $63,754 · program services $63,754 · management and general $0 · fundraising $0
-
24c · Other expenses: Bank fees
total $6,247 · program services $0 · management and general $6,026 · fundraising $221
-
24d · Other expenses: Discount on pledges
total $8,841 · program services $8,841 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $117,141 · end of year $14,679
-
2 · Savings and temporary cash investments
beginning of year $2,336,070 · end of year $1,026,727
-
3 · Pledges and grants receivable
end of year $221,405
-
10a · Land, buildings and equipment: cost or other basis
$1,029,865
-
10b · Land, buildings and equipment: accumulated depreciation
$20,809
-
10c · Land, buildings and equipment, net
beginning of year $416,930 · end of year $1,009,056
-
11 · Investments: publicly traded securities
end of year $10,393,770
-
17 · Accounts payable and accrued expenses
beginning of year $1,013 · end of year $37,972
-
19 · Deferred revenue
end of year $9,200,000
-
27 · Net assets without donor restrictions
beginning of year $175,866 · end of year $3,427,665
-
28 · Net assets with donor restrictions
beginning of year $2,693,262
Mission and programs · 2023
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 60,000 visits annually, the trial promotes economic development and tourism. Since its inception, the trail has provided over $5 million in economic benefit.
Expenses $116,830
As filed on the 2023 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
- $55,000
- From this org
- $55,000
- 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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 12 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202403199349309290
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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