Overview
What is Plywood Trail Foundation?
The Plywood Trail Foundation, located in Le Mars, Iowa, is a nonprofit organization with a vision to establish a safe and picturesque transportation route for both cyclists and pedestrians. This trail, named the Plywood Trail, aims to connect the communities of Plymouth and Woodbury Counties. The foundation's primary objective is to fund the development of this trail, choosing to categorize the associated costs as capital investments rather than expenses. The foundation's mission and activities revolve around this vision, contributing to the enhancement of local transportation infrastructure and promoting sustainable, active commuting options.
Official website here: www.plywoodtrail.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 29%, Zero-Star out of Four Star rating
The Plywood Trail Foundation received a rating of 29% from Charity Navigator, which indicates significant concerns regarding its accountability and financial health. The organization has a completely independent board of directors, which is a positive aspect, scoring the maximum points in that area. However, the lack of financial statements raises considerable red flags about transparency and financial accountability.
Several critical policies, such as a conflict of interest policy and a whistleblower policy, are missing, which affects the organization’s overall governance score. Additionally, while the foundation has documented board meeting minutes, it fails to post its tax forms on its website, further contributing to its low rating. The absence of financial data relating to program expenses and liabilities is particularly troubling, as it hinders potential donors from understanding how funds are utilized.
Overall, the Plywood Trail Foundation exhibits some strengths in governance but is significantly lacking in financial reporting and transparency. These limitations detract from its overall effectiveness and may raise concerns for potential donors and stakeholders looking for a responsible organization to support.
This AI summary has been generated from information found on Charity Navigator.
Is Plywood Trail Foundation legitimate?
Plywood Trail Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Plywood Trail Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.plywoodtrail.org
What is the mission statement of Plywood Trail Foundation?
The Plywood Trail Foundation aims to establish a secure and picturesque transportation route for both bicycle and pedestrian travel, serving as a connection between Plymouth and Woodbury Counties. This vision is focused on fostering a linked community, enhancing travel options for locals and visitors alike. The foundation's mission is primarily centered around developing this trail, as indicated by the capitalization of the trail development costs, rather than expensing them.
Official website here: www.plywoodtrail.org
Who is the CEO of Plywood Trail Foundation?
Ryan Schaap is the Executive Director of Plywood Trail Foundation.
Official website here: www.plywoodtrail.org
What is the revenue of Plywood Trail Foundation?
Plywood Trail Foundation's revenue in 2022 was $19,710.
Official website here: www.plywoodtrail.org
Who are the executives of Plywood Trail Foundation and what are their salaries?
There 13 volunteers at Plywood Trail Foundation.
Here are 13 key members and their salaries:
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Official website here: www.plywoodtrail.org
Where can I find the form 990 for Plywood Trail Foundation?
Plywood Trail Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.plywoodtrail.org
Learn more at the official website: www.plywoodtrail.org
Mission Statement of Plywood Trail Foundation
The Plywood Trail Foundation envisions creating a secure and picturesque transportation pathway for both bicycle and pedestrian travel, connecting the communities of Plymouth and Woodbury Counties. Their mission is centered around the development of this trail, serving as a link that brings these communities closer together. While the cost of trail development is considered an investment, rather than an expense, the specifics of how this is implemented are not provided in the given information.
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Impact
August, 2024
The Plywood Trail Foundation's impact lies in creating a safe and scenic transportation link for bicycle and pedestrian travel between Plymouth and Woodbury counties, connecting communities. Their vision for the Plywood Trail enhances recreational opportunities and promotes healthy lifestyles through accessible infrastructure.
This information is meant to be a general summary of Plywood Trail Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $72
- Gross Receipts: $19,710
Assets and Liabilities:
- Total Assets: $1,650,848
- Total Liabilities: $0
- Net Assets: $1,650,848
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Organization Details
Founding Year
2016
Phone
(712) 541-8957Principal Officer
Ryan Schaap
Main Address
PO BOX 31, LE MARS, IA, 51031
Website
www.plywoodtrail.orgNTEE Category
Code: N32 - Recreation
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