B&o Trail Association INC FY2022 filing

Tax-deductible

Brownsburg, IN501(c)(3)Since 1994Recreation & SportsEIN 35-1908784

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B&o Trail Association, incs purpose is to build and create recreational trails from a portion of the abandoned B&o railway

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $1.2M a year · 92% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
455 mo
of spending, in cash
Looks good: 455.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $19K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$493K
11% of total assets
Looks good: liabilities are 11% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.4M
+339% vs prior year
Spent
$27K
To programs
100%
Net assets
$4.0M
By yearFY2020–FY2025
Revenue
$1.4M
FY2022▲ +339%
Revenue by fiscal year
FY2020$39K
FY2021$324K
FY2022$1.4M
FY2023$1.5M
FY2024$1.4M
FY2025$2.9M
Expenses
$27K
FY2022▼ -14%
Expenses by fiscal year
FY2020$8K
FY2021$32K
FY2022$27K
FY2023$53K
FY2024$399K
FY2025$52K
Net assets
$4.0M
FY2022▲ +53%
Net assets by fiscal year
FY2020$2.3M
FY2021$2.6M
FY2022$4.0M
FY2023$5.5M
FY2024$6.5M
FY2025$9.3M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1994.

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% · $27K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

14 people listed on the 990.

Part VII, Section A · reportable compensation
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See B&o Trail Association INC 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

Builds recreational trails from an abandoned railway line.

Provided by the organization

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1 program service account for $27K of program spending, described in the organization's own filed words · FY2022.
01

Creation of recreational trails

$27Kprogram expense

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Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 4 funders$19K
See all 4 funders →

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$1.4M
Ln 12
Gifts and grantsLn 1h$1.3M
Fees for servicesLn 2g$115K
Other incomeLn 4–11$32K
Money outPt IX
$27K
Ln 25
Programscol B$27K
Owns and owesPt X
$4.0M
net assets · Ln 32
Cash and savingsLn 1–2$1.0M
Total assetsLn 16$4.5M
LiabilitiesLn 26$493K
PeoplePt VI, VII
14
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.3M
Government grantsLn 1e$1.1M
Fees for servicesLn 2g$115K
Investment incomeLn 3$2K
Other incomeLn 4–11$32K
Total revenueLn 12$1.4M
Assets in detailPt X, end of year
CashLn 1$1.0M
Cash and savings togetherLn 1–2$1.0M
Land, buildings, equipmentLn 10c$3.5M
Total assetsLn 16$4.5M
LiabilitiesLn 26$493K
Net assetsLn 32$4.0M
OperationsPt I, VI
EmployeesI 50
VolunteersI 620
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
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$1.8M$1.0M
Land, buildings, equipmentLn 10c$2.4M$3.5M
Total assetsLn 16$4.2M$4.5M
LiabilitiesLn 26$1.6M$493K
Net assetsLn 32$2.6M$4.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$394$394
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$6K$6K
Office expensesLn 13$3K$3K
OccupancyLn 16$828$828
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$13K$13K
All other expensesLn 24e$458$458
Total functional expensesLn 25$27K$27K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $2.9M$52K$2.8M$9.3M 990 PDF
FY2024 $1.4M$399K$998K$6.5M 990 PDF
FY2023 $1.5M$53K$1.5M$5.5M 990 PDF
FY2022 Viewing $1.4M$27K$1.4M$4.0M 990 PDF
FY2021 $324K$32K$293K$2.6M 990 PDF
FY2020 $39K$8K$32K$2.3M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (4 parts)
Part VIII · Statement of revenue $1,423,556 across 9 lines filed
VIII-1b Membership dues$8,910
VIII-1d Related organizations$186,803
VIII-1e Government grants$1,069,033
VIII-1f All other contributions, gifts and grants$10,000
VIII-1h Total contributions, gifts and grants$1,274,746
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $115,071$115,071
VIII-3 Investment incomeRelated to mission $1,684$1,684
VIII-8 Net income from fundraising events$32,055
VIII-12 Total revenueRelated to mission $116,755$1,423,556
Part IX · Statement of functional expenses $27,209 across 8 lines filed
IX-11b Legal feesPrograms $394$394
IX-11c Accounting feesPrograms $1,830$1,830
IX-11g Other fees for servicesPrograms $6,132$6,132
IX-13 Office expensesPrograms $2,696$2,696
IX-16 OccupancyPrograms $828$828
IX-23 InsurancePrograms $2,331$2,331
IX-24 Other expenses (24a–d)Programs $12,540$12,540
IX-24e All other expensesPrograms $458$458
IX-25 Total functional expensesPrograms $27,209 · Management $0 · Fundraising $0$27,209
Part X · Balance sheet $4,528,014 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $1,771,874$1,032,178
X-10c Land, buildings and equipment, netStart of year $2,425,687$3,495,836
X-16 Total assetsStart of year $4,197,561$4,528,014
X-19 Deferred revenueStart of year $1,559,221$493,327
X-26 Total liabilitiesStart of year $1,559,221$493,327
X-27 Net assets without donor restrictionsStart of year $2,638,340$4,034,687
X-32 Total net assets or fund balancesStart of year $2,638,340$4,034,687
X-33 Total liabilities and net assetsStart of year $4,197,561$4,528,014
Part XI · Reconciliation of net assets $4,034,687 net assets at year end
XI-1 Total revenue$1,423,556
XI-2 Total expenses$27,209
XI-3 Revenue less expenses$1,396,347
XI-4 Net assets at start of year$2,638,340
XI-10 Net assets at end of year$4,034,687

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

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