Town Lake Trail Foundation
- Assets
- $5.2m
- Revenue
- $3.9m
- Investments
- $762.9k
- Employees
- 20
- Location
- Austin, TX
- Founding
- 09/2003
- Data as of
- 12/2021
- EIN
- 87-0699956
Organization Overview
Town Lake Trail Foundation is located in Austin, TX. The organization was established in 2003. According to its NTEE Classification (C50) the organization is classified as: Environmental Beautification, under the broad grouping of Environment and related organizations. As of 12/2021, Town Lake Trail Foundation employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Town Lake 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 12/2021, Town Lake Trail Foundation generated $3.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.9% each year . All expenses for the organization totaled $2.1m during the year ending 12/2021. While expenses have increased by 10.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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 PROTECT, ENHANCE AND CONNECT THE BUTLER TRAIL FOR THE BENEFIT OF ALL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021, THE ORGANIZATION LAUNCHED AN ARTS AND CULTURE PLANNING PROJECT FOR THE ENTIRETY OF THE TRAIL WHICH INCLUDED EXTENSIVE COMMUNITY ENGAGEMENT THROUGHOUT THE YEAR. WEEKLY CULTURAL AND EDUCATIONAL PROGRAMMING EVENTS WERE OPEN TO THE COMMUNITY YEAR ROUND, AND EXPANDED CULTURAL EXHIBITS INCLUDED INSTALLATIONS IN COLLABORATIONS WITH OTHER AUSTIN ART AND EDUCATIONAL INSTITUTIONS. SIGNIFICANT ECOLOGICAL RESTORATION WORK WAS COMPLETED TRAIL-SIDE, INCLUDING SHORELINE RESTORATION, URBAN FORESTRY EXPANSION, AND WILDFLOWER MEADOW SEEDING. WHILE NO CAPITAL PROJECTS WERE COMPLETED IN 2021, MANY PROGRESSED THROUGH THE INITIAL DESIGN PROCESS AND COMMUNITY ENGAGEMENT, INCLUDING THE BUTLER SHORES EXERCISE EQUIPMENT AND THE RAINEY STREET TRAILHEAD PROJECTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heidi Anderson CEO | Officer | 40 | $145,960 |
Leah Bojo Chairman | OfficerTrustee | 3 | $0 |
Paul Byars Secretary | OfficerTrustee | 3 | $0 |
Zach Hunter Chair-Elect | OfficerTrustee | 3 | $0 |
Mike Shaw Treasurer | OfficerTrustee | 3 | $0 |
Andy Austin Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Crowell Builders Construction | 12/30/20 | $259,722 |
Landart America Llc Landscape Construction | 12/30/20 | $120,401 |
Austin Deck Company Deck/bench Construction | 12/30/20 | $219,340 |
Nelson Nygaard Safety & Mobility Study | 12/30/20 | $167,303 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $486,343 |
| Related organizations | $0 |
| Government grants | $25,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,523,407 |
| Noncash contributions included in lines 1a–1f | $46,224 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,034,750 |
| Total Program Service Revenue | $0 |
| Investment income | $3,749 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$155,670 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,939,710 |
| 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. | $161,234 |
| Compensation of current officers, directors, key employees. | $112,864 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $608,942 |
| Pension plan accruals and contributions | $9,195 |
| Other employee benefits | $62,977 |
| Payroll taxes | $57,564 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,950 |
| Fees for services: Accounting | $33,729 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $346,784 |
| Advertising and promotion | $18,644 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $55,063 |
| Travel | $8,036 |
| 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 | $10,366 |
| All other expenses | $93,920 |
| Total functional expenses | $2,123,773 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,406,034 |
| Savings and temporary cash investments | $302,400 |
| Pledges and grants receivable | $562,310 |
| 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 | $16,240 |
| Net Land, buildings, and equipment | $89,373 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $762,940 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $59,831 |
| Total assets | $5,199,128 |
| Accounts payable and accrued expenses | $146,853 |
| 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 | $146,853 |
| Net assets without donor restrictions | $1,967,281 |
| Net assets with donor restrictions | $3,084,994 |
| 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 | $5,199,128 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Town Lake Trail Foundation has recieved totaling $198,800.
| Awarding Organization | Amount |
|---|---|
Austin Community Foundation Austin, TX PURPOSE: DONATION TO SUPPORT THE TRAIL FOUNDATION | $81,810 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $28,830 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $25,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ENVIRONMENTAL AND ANIMALS | $20,650 |
Alice Kleberg Reynolds Meyer Fdn Tr Austin, TX PURPOSE: PROGRAM SERVICES/EXPENSES | $20,000 |
Tides Foundation San Francisco, CA PURPOSE: SUSTAINABLE ENVIRONMENT | $20,000 |
Endowment Analysis
| Beg. Balance | $51,665 |
| Earnings | $8,166 |
| Ending Balance | $59,831 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hermann Park Conservancy Houston, TX | $57,622,418 | $15,703,753 |
Town Lake Trail Foundation Austin, TX | $5,199,128 | $3,939,710 |
Keep Texas Beautiful Inc Austin, TX | $937,781 | $1,107,287 |
Oklahoma City Beautiful Inc Oklahoma City, OK | $501,120 | $682,970 |
Keep Austin Beautiful Inc Austin, TX | $774,257 | $674,025 |
Tree New Mexico Inc Albuquerque, NM | $149,520 | $546,909 |
Keep Oklahoma Beautiful Inc Oklahoma City, OK | $302,551 | $568,133 |
Scenic Houston Inc Houston, TX | $835,738 | $1,041,259 |
Planetary Trust Dallas, TX | $1,354,403 | $957,599 |
Greenway Parks Home Owners Association Dallas, TX | $855,277 | $368,837 |
Houston Clean City Commission Inc Houston, TX | $239,212 | $493,467 |
Turtle Creek Association Inc Dallas, TX | $384,942 | $441,097 |