Platte River Trails Trust
- Assets
- $7.4m
- Revenue
- $856.8k
- Investments
- $0.0
- Employees
- 2
- Location
- Casper, WY
- Founding
- 04/1984
- Data as of
- 12/2021
- EIN
- 74-2302478
Organization Overview
Platte River Trails Trust is located in Casper, WY. The organization was established in 1984. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Platte River Trails Trust employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Platte River Trails Trust 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, Platte River Trails Trust generated $856.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.8%) each year. All expenses for the organization totaled $959.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (8.1%) per year over the past 7 years. 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
TO PRESERVE AND PROTECT THE SCENIC, NATURAL, PHYSICAL AND HISTORICAL VALUE OF THE NORTH PLATTE RIVER, WHILE PROVIDING PUBLIC ACCESS FOR RECREATION ALONG THE RIVER AND THROUGHOUT THE GREATER METROPLITAN AREA AROUND CASPER, WYOMING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUILDING AND MAINTENANCE OF PATHWAYS AND AMENITIES TO PROVIDE PUBLIC ACCESS ALONG THE NORTH PLATTE RIVER CORRIDOR AND THROUGHOUT THE COMMUNITIES INCLUDED IN THE CASPER, WYOMING METROPOLITAN AREA AND TO PROMOTE RECREATIONAL AND TRANSPORTATION USE OF THE RIVER AND PATHWAYS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debra Swedberg Vice-President | OfficerTrustee | 2 | $0 |
Nat Steinhoff Board Member | OfficerTrustee | 2 | $0 |
Chris Smith Treasurer | OfficerTrustee | 2 | $0 |
David Hough President | OfficerTrustee | 2 | $0 |
Jeff Bond Board Member | Trustee | 2 | $0 |
Pamela Mills Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $375,639 |
| All other contributions, gifts, grants, and similar amounts not included above | $227,977 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $603,616 |
| Total Program Service Revenue | $0 |
| Investment income | $36,735 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$508 |
| Net Gain/Loss on Asset Sales | $153,059 |
| Net Income from Fundraising Events | $60,940 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $856,842 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $441,551 |
| 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 | $90,164 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,132 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,930 |
| Office expenses | $9,295 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $18,235 |
| Travel | $307 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $25 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $272,713 |
| Insurance | $364 |
| All other expenses | $2,756 |
| Total functional expenses | $959,800 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $212,350 |
| Savings and temporary cash investments | $255,657 |
| Pledges and grants receivable | $104,639 |
| 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 | $5,000 |
| Net Land, buildings, and equipment | $5,665,484 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,137,384 |
| Total assets | $7,380,514 |
| 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 | $262 |
| Total liabilities | $262 |
| Net assets without donor restrictions | $6,077,155 |
| Net assets with donor restrictions | $1,303,097 |
| 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 | $7,380,514 |
Grants Awarded
Over the last fiscal year, Platte River Trails Trust has awarded $214,786 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF CASPER WYOMING PURPOSE: This represents funds from various organizations (including $197,264 of grants from the City of Casper, WY to the Platte River Trails Trust) that was for a capital construction project. The project was a multi-use path from Wyoming Blvd to Casper Mtn Trail. This asset will be booked as a capital asset on the books of the City of Casper's books. | $214,786 |
NATRONA COUNTY WYOMING PURPOSE: This represents funds from WyDOT funds to Natrona County to the Platte River Trails Trust that was for a capital construction project. The project was a multi-use path and Casper Mtn Trail, Wyoming. This asset will be booked as a capital asset on the books of the City of Casper's books. | $0 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Platte River Trails Trust has recieved totaling $250.
| Awarding Organization | Amount |
|---|---|
First Interstate Bancsystem Foundation Inc Billings, MT PURPOSE: GENERAL OPERATING SUPPORT | $250 |
Endowment Analysis
| Beg. Balance | $900,177 |
| Earnings | $169,849 |
| Net Contributions | $1,997 |
| Grants | $34,639 |
| Ending Balance | $1,037,384 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Suzanne And Walter Scott Foundation Omaha, NE | $379,612,870 | $69,664,147 |
Wattis Dumke Foundation Inc Ketchum, ID | $124,566 | $75,918 |
William H And Carrie Gottsche Foundation Thermopolis, WY | $15,267,869 | $5,413,273 |
Emerald Gate Charitable Trust Jackson, WY | $143,120,759 | $36,236,406 |
Pete & Arline Harman Trust Fund Salt Lake City, UT | $59,077,970 | $2,949,653 |
Newton Foundation Jackson, WY | $19,007,412 | $862,510 |
Pete Morgan Foundation Trust Denver, CO | $1,580,035 | $792,859 |
Henry Sachs Trust Uw Denver, CO | $21,586,506 | $4,628,736 |
Vc Medical Endowment Tr Sioux Falls, SD | $16,574,486 | $1,476,836 |
Dixon Family Foundation Omaha, NE | $50,734,621 | $2,002,261 |
Louis And Abby Faye Dinklage Foundation Dodge, NE | $24,590,630 | $1,636,679 |
Parker Family Foundation Omaha, NE | $53,755,894 | $1,788,944 |