Great Headwaters Trails Foundation Inc
- Assets
- $243.7k
- Revenue
- $303.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Eagle River, WI
- Founding
- 10/2011
- Data as of
- 12/2021
- EIN
- 27-4655716
Organization Overview
Great Headwaters Trails Foundation Inc is located in Eagle River, WI. The organization was established in 2011. According to its NTEE Classification (N32) the organization is classified as: Parks & Playgrounds, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Great Headwaters Trails Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Great Headwaters Trails Foundation Inc generated $303.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.4% each year . All expenses for the organization totaled $673.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
BUILD AND MAINTAIN A SYSTEM OF BICYCLE TRAILS IN VILAS COUNTY, WISCONSIN
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUILDING BICYCLE TRAILS IN VILAS COUNTY, WISCONSIN
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Wright President | Officer | 1 | $0 |
Troy Walters Secretary | Officer | 4 | $0 |
Mark Olson Treasurer | Officer | 4 | $0 |
Neal Adams Vice President | Officer | 4 | $0 |
Jeff Currie Executive Director | Officer | 40 | $0 |
Mike Robillard Board Member | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $285,784 |
| Noncash contributions included in lines 1a–1f | $45,543 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $285,784 |
| Total Program Service Revenue | $0 |
| Investment income | $1,301 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $647 |
| Net Income from Fundraising Events | $15,356 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $303,088 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $210 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,800 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $890 |
| All other expenses | $660,647 |
| Total functional expenses | $673,182 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,431 |
| Savings and temporary cash investments | $212,991 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $250 |
| Total assets | $243,672 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $243,672 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $243,672 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Great Headwaters Trails Foundation Inc has recieved totaling $10,594.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $5,250 |
John And Julie Schmidt Family Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $234 |
Ge Foundation Norwalk, CT PURPOSE: MATCHING GIFTS | $110 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Detroit Riverfront Conservancy Inc Detroit, MI | $162,240,177 | $18,294,537 |
Colorado Park 277 Corporation Chicago, IL | $265,380,571 | $11,072,050 |
Lake Park Associates Inc Chicago, IL | $84,892,237 | $7,736,352 |
Detroit 300 Conservancy Detroit, MI | $4,896,723 | $5,340,808 |
Champaign Parks Foundation Champaign, IL | $976,964 | $284,130 |
Grindstone Butte Mutual Canal Company Champaign, IL | $200 | $2,974,907 |
Illinois Association Of Park Districts Springfield, IL | $10,419,752 | $4,309,641 |
Millennium Park Foundation Chicago, IL | $52,901,717 | $12,169,207 |
Prospect Meadows Inc Marion, IA | $13,712,909 | $1,593,506 |
Friends Of@sauk Prairie Parks And Recreation Inc Sauk City, WI | $5,893,890 | $2,059,173 |
Dte Beacon Park Foundation Detroit, MI | $11,952,865 | $120,651 |
Little Village Environmental Justice Organization Chicago, IL | $4,634,641 | $3,681,003 |