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FRIENDS OF THE BETSIE VALLEY TRAIL

Helping to make the Trail beautiful and accessible for all

Beulah, MI   |  betsievalleytrail.org
GuideStar Charity Check

FRIENDS OF THE BETSIE VALLEY TRAIL

EIN: 38-3092450


Mission

We are the Friends of the Betsie Valley Trail. A 501(c)3 charitable organization whose sole purpose is to foster the development and successful operation of the Trail. The Friends provide financial, promotional, volunteer labor and supervisorial support for the Trail.

Ruling year info

1994

President

Jed Maker

Main address

PO Box 474

Beulah, MI 49617 USA

Show more contact info

EIN

38-3092450

Subject area info

Sports and recreation

Population served info

Adults

NTEE code info

Fund Raising and/or Fund Distribution (N12)

Programs and results

What we aim to solve

SOURCE: Self-reported by organization

There are two distinct target populations for the Trail: residents and tourists. The Trail provides residents of Elberta with access to a grocery store, restaurants, shops and businesses, and the beach in Frankfort without having to ride a bicycle, or walk on highway M-22. The Trail similarly provides residents of Frankfort with safe access to restaurants and businesses in Elberta, plus the Elberta Bluff natural area, and the Elberta beach.

The Trail provides tourists with an opportunity to sightsee at a slower pace, and visit natural areas that aren't accessible by car. Tourists can also visit neighboring communities without having to drive and find a place to park their car.

Both tourists and residents utilize the Trail as a safe place for outdoor recreation and fitness activities.

In the nearly 20 years the Trail has been in place, the daily usage provides evidence that there is a need for non-motorized travel in the community.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Trail maintenance and education

Raise funds to provide for Trail maintenance, and educate the public about the Trail.

Population(s) Served
Adults

Where we work

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Number of Facebook followers

This metric is no longer tracked.
Totals By Year
Type of Metric

Outcome - describing the effects on people or issues

Direction of Success

Increasing

Number of website sessions

This metric is no longer tracked.
Totals By Year
Type of Metric

Other - describing something else

Direction of Success

Holding steady

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

The Friends of the Betsie Valley Trail non-profit organization was formed in 1993 "to advocate, promote and encourage the development and successful operation of a recreational trail on the former Ann Arbor Railroad corridor in Benzie County." For over 20 years it has supported the efforts of the DNR and County in creating the Trail, and intends to see that the Trail is maintained and enjoyed.

The Friends grant funds for the maintenance of the Trail above the annual $10,000 grant from the DNR. The Trail is regularly blown free of debris, and volunteers along with Trail Adopters conduct clean-up events. Signage, benches, and overlooks have all been installed over the years.

The Friends communicate by mail three times a year with its membership of 300+, plus an additional list of 400+ individuals and families that have donated to the Trail over the years. These solicitations raise approximately $30,000 annually.

The Friends of the Betsie Valley Trail communicates by mail three times a year with its membership of 300+, plus an additional list of 400+ individuals and families that have donated to the Trail over the years. The Friends also communicates monthly to a list of 400+ e-news subscribers, and 400+ Facebook followers. These solicitations bring in ~$30,000 annually.

The Friends of the Betsie Valley Trail consists of a Board of 9 volunteer members, plus an ex-officio Trail Care Coordinator who oversees maintenance and construction needs for the Trail. They are 100% paid-up members of The Friends, and have made monetary donations of varying amounts to both the operating account and the Wm. R. Olsen Endowment for the Betsie Valley Trail.

The Trail corridor was acquired by the DNR in 1996, and the Trail was paved between Frankfort and Beulah in 2000. All 22 miles of the Trail are maintained regularly with the assistance of a grant from the DNR.

Financials

FRIENDS OF THE BETSIE VALLEY TRAIL
Fiscal year: Jan 01 - Dec 31

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022 info

SOURCE: IRS Form 990

450.79

Average of 45.08 over 10 years

Months of cash in 2022 info

SOURCE: IRS Form 990

79.5

Average of 7.9 over 10 years

Fringe rate in 2022 info

SOURCE: IRS Form 990

0%

Average of 0% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

FRIENDS OF THE BETSIE VALLEY TRAIL

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

FRIENDS OF THE BETSIE VALLEY TRAIL

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

FRIENDS OF THE BETSIE VALLEY TRAIL

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

This snapshot of FRIENDS OF THE BETSIE VALLEY TRAIL’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

Created in partnership with

Business model indicators

Profitability info 2022
Unrestricted surplus (deficit) before depreciation $143,013
As % of expenses 234.0%
Unrestricted surplus (deficit) after depreciation $143,013
As % of expenses 234.0%
Revenue composition info
Total revenue (unrestricted & restricted) $204,138
Total revenue, % change over prior year 0.0%
Program services revenue 0.0%
Membership dues 90.5%
Investment income 0.0%
Government grants 0.0%
All other grants and contributions 0.0%
Other revenue 9.4%
Expense composition info
Total expenses before depreciation $61,125
Total expenses, % change over prior year 0.0%
Personnel 0.0%
Professional fees 21.4%
Occupancy 0.0%
Interest 0.0%
Pass-through 24.5%
All other expenses 54.1%
Full cost components (estimated) info 2022
Total expenses (after depreciation) $61,125
One month of savings $5,094
Debt principal payment $0
Fixed asset additions $0
Total full costs (estimated) $66,219

Capital structure indicators

Liquidity info 2022
Months of cash 79.5
Months of cash and investments 79.5
Months of estimated liquid unrestricted net assets 79.3
Balance sheet composition info 2022
Cash $404,812
Investments $0
Receivables $0
Gross land, buildings, equipment (LBE) $0
Accumulated depreciation (as a % of LBE) 0.0%
Liabilities (as a % of assets) 0.2%
Unrestricted net assets $0
Temporarily restricted net assets N/A
Permanently restricted net assets N/A
Total restricted net assets $0
Total net assets $403,914

Key data checks

Key data checks info 2022
Material data errors No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Form 1023/1024 is not available for this organization

President

Jed Maker

Number of employees

Source: IRS Form 990

FRIENDS OF THE BETSIE VALLEY TRAIL

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
Related
Show data for fiscal year
Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

There are no highest paid employees recorded for this organization.

FRIENDS OF THE BETSIE VALLEY TRAIL

Board of directors
as of 03/06/2024
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Heidi Bolger

Tom Jackson

Avace Wildie

Jan Fiola

Doug Cook

Fred Stransky

Charlie Gregory

Chris Remy

Heather Hudson

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? No
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? No
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? No
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Not applicable
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? No

Organizational demographics

SOURCE: Self-reported; last updated 2/6/2024

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Female
Disability status
Person without a disability

Race & ethnicity

Gender identity

No data

Transgender Identity

No data

Sexual orientation

No data

Disability

No data