Overview
What is Iron Belle Trail Fund?
The Iron Belle Trail Fund, abbreviated as IBTF and later rebranded as the Michigan Trails Fund (MTF), is a charitable and educational nonprofit organization based in Lansing, Michigan. Its primary purpose is to support the construction, maintenance, and programming of the Iron Belle Trail (IBT), a hiking and biking trail spanning from Belle Isle Park in Detroit to Ironwood, Michigan. Recognizing the importance of Michigan's trail network, IBTF/MTF expanded its mission to support regional bike trails across the state. By collaborating with local, state, and corporate partners, the fund aids communities in connecting resources to advance trail systems. In this capacity, the MTF has granted funds for trail planning, engineering, and development projects in various Michigan counties. With high trail usage, these private resources are essential for trail development in Michigan, as most public funding sources require matching private dollars.
Official website here: www.michigantrailsfund.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (56%)
The Iron Belle Trail Fund has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its financial accountability. The overall score is derived solely from the Accountability & Finance beacon, which highlights areas where the organization is performing below expectations. Despite some strong points, such as an independent board and comprehensive policies in place, these are overshadowed by financial management issues.
Notably, the Fund's program expense ratio is low at 32.69%, suggesting that a limited portion of its expenses is directed towards its intended charitable programs. Additionally, the liabilities to assets ratio stands at 0.97%, which raises concerns about financial stability. While the organization does maintain good governance practices, the absence of its tax form on its website further detracts from its transparency.
In summary, while the Iron Belle Trail Fund scores well in governance and accountability measures, its financial metrics indicate a need for improvement. Prospective donors should be aware of these issues before contributing, as the low financial efficiency could impact the Fund's ability to fulfill its mission effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Iron Belle Trail Fund legitimate?
Iron Belle Trail Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Iron Belle Trail Fund 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: $75,000
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.michigantrailsfund.org
What is the mission statement of Iron Belle Trail Fund?
The Iron Belle Trail Fund's mission is to procure and distribute private resources, aiming to aid in the expansion and connectivity of Michigan's statewide non-motorized trail system. This initiative promotes equal access for all, fosters healthy communities, links people to their surroundings through heritage, boosts local economies, and preserves Michigan's status as a leading trail state.
Official website here: www.michigantrailsfund.org
What is the revenue of Iron Belle Trail Fund?
Iron Belle Trail Fund's revenue in 2023 was $1,313,905.
Official website here: www.michigantrailsfund.org
Who are the executives of Iron Belle Trail Fund and what are their salaries?
There 10 volunteers at Iron Belle Trail Fund.
Here are 10 key members and their salaries:
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- Related: $150,287
- Other: $37,271
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Official website here: www.michigantrailsfund.org
Where can I find the form 990 for Iron Belle Trail Fund?
Iron Belle Trail Fund's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.michigantrailsfund.org
Learn more at the official website: www.michigantrailsfund.org
Mission Statement of Iron Belle Trail Fund
The Iron Belle Trail Fund is committed to securing and distributing private resources with the objective of aiding in the expansion and connectivity of Michigan's statewide non-motorized trail system. This mission is driven by the desire to promote equal access for all, foster healthy communities, connect people to their heritage, stimulate local economies, and preserve Michigan's reputation as the Trail State. By expanding and connecting the trail system, the Iron Belle Trail Fund aims to provide opportunities for individuals to explore their surroundings, enhance their well-being, and appreciate the state's rich history, all while contributing to the growth and vitality of local communities.
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Impact
July, 2024
The Iron Belle Trail Fund's impact includes supporting the construction, maintenance, and programming of the Iron Belle Trail, which is a hiking and biking trail connecting Belle Isle Park in Detroit to Ironwood, Michigan. Additionally, the fund has expanded its mission to support regional bike trails throughout the state of Michigan. By securing and distributing private resources, the Iron Belle Trail Fund contributes to the expansion and connectivity of the statewide non-motorized trail system, promoting access for all, healthy communities, connecting people to their heritage, improving local economies, and maintaining Michigan's position as the Trail State. This support is crucial as most public funding sources require private matching dollars for trail development projects across Michigan. Overall, the Iron Belle Trail Fund's impact is felt through its efforts to advance trail systems, increase outdoor recreation opportunities, and enhance communities throughout the state.
This information is meant to be a general summary of Iron Belle Trail Fund. 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 2023.
- Investment Income: $109,525
- Gross Receipts: $1,313,905
Assets and Liabilities:
- Total Assets: $5,729,143
- Total Liabilities: $55,619
- Net Assets: $5,673,524
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Organization Details
Founding Year
2018
Principal Officer
Peaches Mccahill
Website
www.michigantrailsfund.orgNTEE Category
Code: N30 - Recreation
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