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Carolina Thread Trail

Charlotte, NCUnknown exempt organization EIN 26-1528527Revenue $338K in FY2022

On file with the IRScarolinathreadtrail.org220 North Tryon Street · Charlotte, NC

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To facilitate the creation of greenways, trails, blueways, parks, recreation areas or other open natural or civic spaces, with a goal towards preserving natural areas.

100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 3
filings with a surplus
Average deficit $2.4M a year · 145% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Named funders
10
named funders · $366K
Looks good: 10 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
16
of 16 voting members
Looks good: 16 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$338K
-88% vs prior year
Spent
$9.8M
To programs
100%
Net assets
$0
By yearFY2020–FY2022
Revenue
$338K
FY2022▼ -88%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.9M
FY2021$2.8M
FY2022$338K
Expenses
$9.8M
FY2022▲ +642%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.2M
FY2021$1.3M
FY2022$9.8M
Net assets
$0
FY2022▼ -100%
Tap a bar for its year
Net assets by fiscal year
FY2020$7.7M
FY2021$9.6M
FY2022$0

From the FY2022 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2022.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $9.8M Management & general 0% · $28K Fundraising 0% · $2K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

17 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Sally Daley
Director
$0Pt VII · Sec A
Dehler Hart
Director
$0Pt VII · Sec A
Dana Maness
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Lat Purser
Director
$0Pt VII · Sec A
See Carolina Thread Trail executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Creates greenways, trails, parks, and open spaces to preserve nature.

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Provided by the organization

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1 program · $9.8M · in their own filed words · FY2022
01

Environment

The carolina thread trail is developing a regional network of greenways, trails and blueways that span 15 counties, 2 states and 2.9 million people. There are over 400 miles of trails and 170 miles of blueway open to the public that link people, places, cities, towns and attractions.

$9.8Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Dowd Foundation INCFY2024$100K
C D Spangler Foundation INCFY2024$100K
Comporium Foundation INCFY2024$50K
The W Duke Kimbrell Family FoundationFY2024$50K
Bill and Sharon Allen Family FoundationFY2024$36K
The Marsh Foundation INCFY2024$10K
Catherine Pharr Carstarphen McAdenville Foundation INCFY2024$10K
Howe Foundation INCFY2024$5K
Total grants receivedfrom 10 funders$366K
See all 10 funders →
Grants paid · 32 grants · $9.1M · 2020–2022
Foundation for the CarolinasNC · FY2022$7,463,261
City of ShelbyFY2022$275,000
Town of RichfieldFY2022$87,061
Town of CramertonFY2022$86,700
Town of WadesboroFY2022$85,000
Town of WaxhawFY2022$50,000
Town of SpencerFY2022$50,000
Town of Mount PleasantFY2022$43,923
Friends of North Stanly Trails and ParksNC · FY2022$40,000
Town of Great FallsFY2022$30,000
Kings Mountain Gateway Trails INCNC · FY2022$30,000
Iredell County Parks & RecreationFY2022$30,000
City of Rock HillFY2022$30,000
City of ConcordFY2022$30,000
Catawba Lands ConservancyNC · FY2022$17,760
City of Bessemer CityFY2022$15,000
Town of MarshvilleFY2022$14,500
City of LowellFY2022$8,000
See all 32 grants →

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$338K
Ln 12
Gifts and grantsLn 1h$338K
Investment incomeLn 3$2
Money outPt IX
$9.8M
Ln 25
Programscol B$9.8M
Managementcol C$28K
Fundraisingcol D$2K
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
17
listed · VII A
PaidVII A0
Voting boardVI 1a16
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$338K
Noncash giftsLn 1g$566
Investment incomeLn 3$2
Gains on assetsLn 7$2
Total revenueLn 12$338K
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$407K$0
InvestmentsLn 11–13$7.8M$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$9.6M$0
LiabilitiesLn 26$50$0
Net assetsLn 32$9.6M$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$8.4M$8.4M
Accounting feesLn 11c$4K$2K$2K$144
Investment management feesLn 11f$9K$4K$4K$338
Other fees for servicesLn 11g$1.4M$1.4M$21K$2K
Total functional expensesLn 25$9.8M$9.8M$28K$2K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest Viewing $338K$9.8M−$9.5M$0 990 PDF
FY2021 $2.8M$1.3M$1.5M$9.6M 990 PDF
FY2020 $1.9M$1.2M$678K$7.7M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $337,577 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,824,787$337,575
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $39$2
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $2,824,826$337,577
I-13 Grants and similar amounts paidPrior year $321,520$8,386,205
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $999,963$1,425,739
I-18 Total expensesPrior year $1,321,483$9,811,944
I-19 Revenue less expensesPrior year $1,503,343−$9,474,367
Part VI · Governance 16 of 16 board members independent, 3 to look at
VI-1a Voting members of the governing body16
VI-1b Independent voting members16
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $337,577 across 5 lines filed
VIII-1f All other contributions, gifts and grants$337,575
VIII-1g Noncash contributions (included above)$566
VIII-1h Total contributions, gifts and grants$337,575
VIII-7 Net gain or loss on sales of assetsExcluded from tax $2$2
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $2$337,577
Part IX · Statement of functional expenses $9,811,944 across 4 lines filed
IX-1 Grants to domestic organizationsPrograms $8,386,205$8,386,205
IX-11c Accounting feesPrograms $1,642 · Management $1,889 · Fundraising $144$3,675
IX-11f Investment management feesPrograms $3,867 · Management $4,448 · Fundraising $338$8,653
IX-11g Other fees for servicesPrograms $1,390,456 · Management $21,332 · Fundraising $1,623$1,413,411
IX-25 Total functional expensesPrograms $9,782,170 · Management $27,669 · Fundraising $2,105$9,811,944
Part X · Balance sheet $0 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $406,640$0
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivableStart of year $1,419,539$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securitiesStart of year $7,778,269$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $9,604,448$0
X-17 Accounts payable and accrued expensesStart of year $50$0
X-26 Total liabilitiesStart of year $50$0
X-28 Net assets with donor restrictionsStart of year $9,604,398$0
X-32 Total net assets or fund balancesStart of year $9,604,398$0
X-33 Total liabilities and net assetsStart of year $9,604,448$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$337,577
XI-2 Total expenses$9,811,944
XI-3 Revenue less expenses−$9,474,367
XI-4 Net assets at start of year$9,604,398
XI-5 Net unrealized gains (losses) on investments−$126,320
XI-9 Other changes in net assets−$3,711
XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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