Heritage Trail Conservancy INC FY2020 filing

Tax-deductible

Madison, IN501(c)(3)Foundations & GrantmakersEIN 45-3435893Revenue $285K in FY2020

On file with the IRSheritagetrailconservancy.orgPo Box 362, 47250-0362 · Madison, INTax-exempt since Feb 2016Publicly supported charity — 170(b)(1)(A)(vi)

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The Heritage Trail Conservancy is a volunteer-based organization dedicated to preservation and management of the natural, scenic, historic and cultural resources associated with the Heritage Trail greenway, in order to conserve and develop the parklands.

501(c)(3) charity; gifts are tax-deductible.
45¢ of each $1 spent went to programs.
$30K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · 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
1 of 2
filings with a surplus
Average surplus $67K a year · 36% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
45%
of spending
Concern: 45% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$30K
to officers and key staff · 49% of spending
Concern: pay to officers and key staff is 49% of spending; over 30%.
Pt VII · Sec A
Cash reserves
10 mo
of spending, in cash
Looks good: 10.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$285K
Spent
$61K
To programs
45%
Net assets
$232K
By yearFY2020–FY2025
Revenue
$285K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$285K
FY2021$64K
FY2022$70K
FY2023$75K
FY2024$152K
FY2025$90K
Expenses
$61K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$61K
FY2021Not on file
FY2022Not on file
FY2023Not on file
FY2024Not on file
FY2025$180K
Net assets
$232K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$232K
FY2021$207K
FY2022$204K
FY2023$212K
FY2024$280K
FY2025$190K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Exemption reinstated (2013-05-15). Per the IRS revocation list. Latest filing on record: FY2025. IRS ruling in Feb 2016.

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

Where the money goes

45 cents of each dollar spent went to programs.

Program services 45% · $27K Management & general 55% · $34K

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

5 people listed on the 990; $30K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$30,000Pt VII · Sec A
Director
$0Pt VII · Sec A
Secretary Treasurer
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A

Robert Greene’s $18K as Executive Director is at the 65th percentile of top reported officer pay among 133 <$100K philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Robert Greene$17,500$10,000$11,000$30,000$30,000$30,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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 15aYes

Programs and updates

Preserves and manages natural, scenic, historic, and cultural resources along the Heritage Trail Greenway.

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Provided by the organization

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1 program · $27K · in their own filed words · FY2020
01

The conservancy positively affects the madison area, connecting the community to the past, nature and one another by:building, maintaining and promoting the heritage trail and heritage PARK.PROTECTING, preserving and enhancing the rich ecological resources of the heritage trail GREENWAY.PRESERVING, rebuilding and promoting madisons…

$27Kprogram expense

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 · FY2025
Total grants receivedfrom 1 funder$10K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$285K
Ln 12
Gifts and grantsLn 1h$285K
Investment incomeLn 3$5
Money outPt IX
$61K
Ln 25
Programscol B$27K
Managementcol C$34K
Owns and owesPt X
$232K
net assets · Ln 32
Cash and savingsLn 1–2$53K
Total assetsLn 16$232K
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A1
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$285K
Government grantsLn 1e$25K
Investment incomeLn 3$5
Total revenueLn 12$285K
Assets in detailPt X, end of year
CashLn 1$9K
SavingsLn 2$45K
Cash and savings togetherLn 1–2$53K
Land, buildings, equipmentLn 10c$179K
Total assetsLn 16$232K
LiabilitiesLn 26$0
Net assetsLn 32$232K
OperationsPt I, VI
EmployeesI 56
VolunteersI 65
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 FY20End FY20
Cash and savingsLn 1–2$30K$53K
Land, buildings, equipmentLn 10c$179K
Total assetsLn 16$30K$232K
LiabilitiesLn 26$0$0
Net assetsLn 32$30K$232K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$30K$30K
Other salaries and wagesLn 7$9K$9K
Payroll taxesLn 10$2K$2K
Accounting feesLn 11c$1K$1K
Advertising and promotionLn 12$56$56
Office expensesLn 13$2K$2K
Information technologyLn 14$168$168
OccupancyLn 16$1K$1K
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$10K$10K
All other expensesLn 24e$444$201$243
Total functional expensesLn 25$61K$27K$34K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $90K$180K−$90K$190K 990 PDF
FY2024 $152K$280K 990 PDF
FY2023 $75K$212K 990 PDF
FY2022 $70K$204K 990 PDF
FY2021 $64K$207K 990 PDF
FY2020 Viewing $285K$61K$224K$232K 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 FY2020 990 (6 parts)
Part I · Summary $284,845 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $85,660$284,840
I-9 Program service revenue$0
I-10 Investment income$5
I-11 Other revenue$0
I-12 Total revenuePrior year $85,660$284,845
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $25,333$41,626
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $76,572$19,383
I-18 Total expensesPrior year $101,905$61,009
I-19 Revenue less expensesPrior year −$16,245$223,836
Part VI · Governance 4 of 4 board members independent, 2 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $284,845 across 5 lines filed
VIII-1e Government grants$25,000
VIII-1f All other contributions, gifts and grants$259,840
VIII-1h Total contributions, gifts and grants$284,840
VIII-3 Investment incomeRelated to mission $5$5
VIII-12 Total revenueRelated to mission $5 · Unrelated business $0 · Excluded from tax $0$284,845
Part IX · Statement of functional expenses $61,009 across 11 lines filed
IX-5 Pay of current officers, directors and key staffManagement $30,000$30,000
IX-7 Other salaries and wagesPrograms $9,199$9,199
IX-10 Payroll taxesPrograms $2,427$2,427
IX-11c Accounting feesManagement $1,450$1,450
IX-12 Advertising and promotionManagement $56$56
IX-13 Office expensesManagement $1,735$1,735
IX-14 Information technologyManagement $168$168
IX-16 OccupancyPrograms $1,400$1,400
IX-23 InsurancePrograms $3,838$3,838
IX-24 Other expenses (24a–d)Programs $10,292$10,292
IX-24e All other expensesPrograms $201 · Management $243$444
IX-25 Total functional expensesPrograms $27,357 · Management $33,652 · Fundraising $0$61,009
Part X · Balance sheet $231,831 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $30,036$8,530
X-2 Savings and temporary cash investments$44,796
X-10c Land, buildings and equipment, net$178,505
X-16 Total assetsStart of year $30,036$231,831
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $30,036$231,831
X-32 Total net assets or fund balancesStart of year $30,036$231,831
X-33 Total liabilities and net assetsStart of year $30,036$231,831
Part XI · Reconciliation of net assets $231,831 net assets at year end
XI-1 Total revenue$284,845
XI-2 Total expenses$61,009
XI-3 Revenue less expenses$223,836
XI-4 Net assets at start of year$30,036
XI-8 Prior period adjustments−$22,041
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$231,831

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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