Elizabeth River Trail Foundation
- Assets
- $2.2m
- Revenue
- $111.2k
- Investments
- $0.0
- Employees
- 4
- Location
- Norfolk, VA
- Founding
- 04/2017
- Data as of
- 06/2022
- EIN
- 81-4431199
Organization Overview
Elizabeth River Trail Foundation is located in Norfolk, VA. The organization was established in 2017. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Elizabeth River Trail Foundation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Elizabeth River Trail Foundation 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 06/2022, Elizabeth River Trail Foundation generated $111.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (45.0%) each year. All expenses for the organization totaled $226.1k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
IT IS THE MISSION OF THE ELIZABETH RIVER TRAIL FOUNDATION (ERTF) TO PROVIDE MASTER PLANNING, FUNDRAISING AND MARKETING TO ACTIVATE AND ENHANCE THE ELIZABETH RIVER TRAIL (ERT). THE ERTF ACTIVATES AND ENHANCES THE ERT THROUGH PUBLIC RECREATIONAL PROGRAMING AND AMENITY BUILD-OUT FOR PUBLIC USAGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLIC RECREATIONAL PROGRAMING AND AMENITY BUILD-OUT FOR PUBLIC USAGE, ALL DESIGNED TO ACTIVATE AND ENHANCE THE ELIZABETH RIVER TRAIL IN NORFOLK, VA.
THE ECO-COUNTERS MULTI SYSTEM HAS BEEN INSTALLED AT SPECIFIC LOCATIONS ALONG THE ELIZABETH RIVER TRAIL AND ELSEWHERE ON NORFOLK'S BIKE NETWORK TO ACCURATELY COUNT PEDESTRIAN AND CYCLIST USE ALONG THE TRAIL AND BIKE NETWORK. THE SYSTEM ALLOWS FOR THE ANALYSIS OF DATA FROM MULTIPLE USER TYPES OVER TIME. THIS SYSTEM COMBINES THE PASSIVE INFRARED SENSOR AND AN INDUCTIVE LOOP SENSOR. AN INTELLIGENT SUBSYSTEM ANALYZES THE SIGNAL FROM BOTH SENSORS IN ORDER TO COUNT AND CLASSIFY EACH USER. THE ORGANIZATION ALSO HAS ENGAGED IN A NUMBER OF PROJECTS WHICH HAVE ENCHANCED THE EXPERIENCE OF USING THE TRAIL. COST OF ENHANCEMENTS NOT DONATED BACK TO THE CITY ARE INCLUDED IN FIXED ASSETS AND DEPRECIATED OVER THE USEFUL LIFE OF THE ASSET. COST OF ENHANCEMENTS CURRENTLY UNDER CONSTRUCTION ARE INCLUDED IN CONSTRUCTION IN PORCESS. SOME ENHANCEMENTS INCLUDE, BUT ARE NOT LIMITED TO: PLAYGROUND EQUIPMENT, TRAILHEAD AND WAYFINDING SIGNAGE, BIKE REPAIR STATIONS, TRASH CANS AND MANY OTHER AMENITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Garrett Treasurer | OfficerTrustee | $0 | |
Kevin Murphy Chair | OfficerTrustee | $0 | |
Christine Neikirk Marketing Ch | OfficerTrustee | $0 | |
Charles V Mcphillips Chair Emerit | OfficerTrustee | $0 | |
Tim Faulkner Director | Trustee | $0 | |
Rachel Mccall Director | Trustee | $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 | $110,192 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $110,192 |
| Total Program Service Revenue | $0 |
| Investment income | $1,021 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $111,213 |
| 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 | $104,025 |
| Pension plan accruals and contributions | $2,542 |
| Other employee benefits | $8,490 |
| Payroll taxes | $9,001 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $32,429 |
| Advertising and promotion | $0 |
| Office expenses | $7,102 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,976 |
| Travel | $674 |
| 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 | $51,127 |
| Insurance | $4,781 |
| All other expenses | $0 |
| Total functional expenses | $226,147 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $715,971 |
| Savings and temporary cash investments | $517,321 |
| Pledges and grants receivable | $306,550 |
| 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 | $598 |
| Net Land, buildings, and equipment | $383,172 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $271,537 |
| Total assets | $2,195,149 |
| 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 | $6,713 |
| Total liabilities | $6,713 |
| Net assets without donor restrictions | $2,188,436 |
| 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 | $2,195,149 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Elizabeth River Trail Foundation has recieved totaling $11,180.
| Awarding Organization | Amount |
|---|---|
Southern Bank Foundation Mount Olive, NC PURPOSE: DONATION | $10,000 |
Wards Corner Lions Club Charity Foundation Inc Norfolk, VA PURPOSE: ELIZ. RIVER TRAIL | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $180 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
4mycity Inc Taneytown, MD | $269,763 | $70,588,044 |
Columbia Association Inc Columbia, MD | $168,635,825 | $73,239,829 |
Latino Economic Development Corporation Of Washington Dc Washington, DC | $21,296,549 | $55,386,095 |
Kennedy Krieger Education And Community Services Inc Baltimore, MD | $14,340,565 | $48,121,720 |
Mosaic Community Services Inc Timonium, MD | $34,184,592 | $47,201,258 |
Community Of Hope Inc Washington, DC | $67,233,523 | $40,561,982 |
Christian Community Development Corporation Inc Memphis, TN | $275,024,548 | $28,566,509 |
Upper East Tennessee Human Development Agency Kingsport, TN | $7,143,102 | $23,146,809 |
Pennyrile Allied Community Services Inc Hopkinsville, KY | $9,618,726 | $22,758,893 |
Hampton Roads Community Action Program Inc Newport News, VA | $4,977,691 | $24,100,051 |
Northwest Tennessee Economic Development Council Dresden, TN | $2,980,191 | $21,895,121 |
Lexington Center Corporation Lexington, KY | $378,439,328 | $16,156,810 |