2024-10-18T09:38:36-05:00 2023-12-31 751044330 LANE GORMAN TRUBITT LLC 2626 HOWELL ST SUITE 700 DALLAS TX 75204 990 2023-01-01 752708139 FRIENDS OF THE KATY TRAIL INC FRIE 2143031180 3102 MAPLE AVENUE 230 DALLAS TX 75201 AMY BEAN EXECUTIVE DIRECTOR 2143031180 2024-10-14 1 1 KEVIN WARNEKE P01294950 2148717500 2023 2024-10-15 13:58:12Z AMY BEAN 3102 MAPLE AVENUE 230 DALLAS TX 75201 2945003 0 X WWW.KATYTRAILDALLAS.ORG X 1997 TX TO SUPPORT, MAINTAIN, ENHANCE AND ADVOCATE FOR THE KATY TRAIL AS THE PREMIER TRAIL FOR RECREATION, WELLNESS, AND ALTERNATIVE TRANSPORTATION IN THE CITY OF DALLAS. 30 30 9 247 0 0 1533353 1680034 0 0 7787 99933 69930 922153 1611070 2702120 0 0 0 0 564779 623644 0 0 248034 981539 881785 1546318 1505429 64752 1196691 3675766 4825812 268992 168945 3406774 4656867 X THE MISSION OF FRIENDS OF THE KATY TRAIL IS TO MAINTAIN, ENHANCE AND ADVOCATE FOR THE KATY TRAIL AS THE PREMIER TRAIL FOR RECREATION, WELLNESS, AND ALTERNATIVE TRANSPORTATION IN THE CITY OF DALLAS. 0 0 466760 839640 FRIENDS OF THE KATY TRAIL MAINTAINS AND ENHANCES THE KATY TRAIL FOR THE CITY OF DALLAS AND THE BENEFIT OF DALLAS CITIZENS AND VISITORS. FKT RAISES FUNDS FOR LANDSCAPE MAINTENANCE, LIGHTING, WATER, PRIVATE SECURITY, CONTINUED IMPROVEMENTS, AND MORE ON THE TRAIL. THE KATY TRAIL IS A TREASURED URBAN GREENSPACE AND SAW APPROXIMATELY 2.5 MILLION TRAIL VISITS IN 2023. 590011 FRIENDS OF THE KATY TRAIL CONTINUES TO ENHANCE THE TRAIL WITH AMENITIES FOR ALL TRAIL USERS. 2023 BROUGHT THE INSTALLATION OF SEVERAL NEW BENCHES, A NEW BICYCLE REPAIR STATION, AND THE UT-SOUTHWESTERN FITNESS CENTER. 26765 KATY TRAIL ART PARTNERS WITH DALLAS AREA MUSEUMS, ART COLLECTORS, AND THE COMMUNITY AT LARGE TO EXPAND THE ROLE OF CONTEMPORARY ART IN PUBLIC SPACES IN DALLAS. THE INITIATIVE BORROWS, COMMISSIONS, AND PRODUCES WORLD-CLASS ART PROJECTS ON AND AROUND THE KATY TRAIL TO INSPIRE CREATIVITY, SPARK CONVERSATION, ENCOURAGE SELF-REFLECTION, CHALLENGE ASSUMPTIONS, FOSTER COMMUNITY BUILDING AND PROMOTE CIVIC OWNERSHIP OF THE KATY TRAIL. KATY TRAIL ART INSTALLED TWO SCULPTURE SERIES IN 2023, BOTH HIGHLIGHTING TEXAS ARTISTS. 8071 THE KATY TRAIL IS AN IMPORTANT ASSET FOR THE CITIZENS OF DALLAS AND A CRITICAL PART OF THE COMMUNITY. IN 2023, FKT FURTHER ACTIVATED OUR KATY TRAIL COMMUNITY BY BEGINNING QUARTERLY DALLAS ANIMAL SERVICES PET ADOPTIONS, HOSTING A SOLD-OUT KATY 5K, AND BRINGING CORPORATE WORK GROUPS TO VOLUNTEER ON THE TRAIL. 8071 1091607 1 1 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 29 0 1 9 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 30 30 0 0 0 0 1 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 X X LINDA BOWERS 9736348156 1800 N FIELD STREET 1311 DALLAS TX 75202 BLAKE SHIPP PRESIDENT 3.00 X X 0 0 0 BRIAN CALLAHAN VP & SAFETY CHAIR 3.00 X X 0 0 0 CRICKET GRIFFIN SECRETARY 3.00 X X 0 0 0 DAN CHESNUT TREASURER 3.00 X X 0 0 0 BILLY HARTWELL MEMBERSHIP & MARKETING CHA 3.00 X X 0 0 0 RUTHIE SHOR DEVELOPMENT CHAIR 3.00 X X 0 0 0 ERIC PAULSON PAST PRESIDENT 3.00 X X 0 0 0 BONNER ALLEN BOARD MEMBER 1.00 X 0 0 0 ROBYN BAYNE BOARD MEMBER 1.00 X 0 0 0 ERIC BING BOARD MEMBER 1.00 X 0 0 0 BUDDY CRAMER BOARD MEMBER 3.00 X 0 0 0 SAM DALTON BOARD MEMBER 1.00 X 0 0 0 BESS DICKSON BOARD MEMBER 1.00 X 0 0 0 SARAH DODD BOARD MEMBER 1.00 X 0 0 0 KEN ELMGREN BOARD MEMBER 1.00 X 0 0 0 LARA FRANCIS BOARD MEMBER 1.00 X 0 0 0 MICHAEL FRANTZ BOARD MEMBER 1.00 X 0 0 0 FAISAL HALUM BOARD MEMBER 1.00 X 0 0 0 WADE JOHNS BOARD MEMBER 1.00 X 0 0 0 SIMON LITTLE BOARD MEMBER 1.00 X 0 0 0 ADAM MENGACCI BOARD MEMBER 1.00 X 0 0 0 PRESTON PAINE BOARD MEMBER 1.00 X 0 0 0 BINA PATEL BOARD MEMBER 1.00 X 0 0 0 BEN RALSTON BOARD MEMBER 1.00 X 0 0 0 JILL RARESHIDE BOARD MEMBER 1.00 X 0 0 0 GABY RAWLINGS BOARD MEMBER 1.00 X 0 0 0 BAXTER UNDERWOOD BOARD MEMBER 1.00 X 0 0 0 NEWT WALKER BOARD MEMBER 1.00 X 0 0 0 RAY WASHBURNE BOARD MEMBER 1.00 X 0 0 0 PEGGY ZILBERMANN BOARD MEMBER 1.00 X 0 0 0 AMY BEAN EXECUTIVE DIRECTOR 40.00 X 172500 0 12229 ANN WOOD SENIOR DIRECTOR OF MAJOR G 40.00 X 152500 0 10142 325000 0 22371 2 0 1 0 LAND PATTERNS INC 1804 COMMERCE ST STE 200 DALLAS TX 75208 LANDSCAPING 248622 STONEWALL PROTECTION GROUP LLC 9627 MOSS HAVEN DRIVE DALLAS TX 75231 PRIVATE SECURITY 123665 2 266599 237018 1176417 25000 1680034 99933 99933 19000 0 19000 19000 19000 325396 237018 242883 82513 82513 INSURANCE SETTLEMENT 900099 820640 820640 820640 2702120 839640 0 182446 347372 172180 43974 131218 232544 159713 28568 44263 499 499 43229 24856 5404 12969 39827 39827 1130 650 141 339 7300 3076 2764 1460 50304 21199 19044 10061 27952 11780 10582 5590 62368 41475 10603 10290 1805 761 683 361 743 313 281 149 34175 30757 3418 TRAIL REPAIRS AND MAINT 590011 590011 SPECIAL EVENTS 31334 31334 ART PROGRAM 26765 26765 ANNUAL SUPPORT EXP 8071 8071 1505429 1091607 165788 248034 200 199 2292539 3490798 332944 328345 32140 40667 10400 743 0 9657 951023 912666 66920 43480 3675766 4825812 203369 126604 65623 42341 268992 168945 X 1938091 3093418 1468683 1563449 3406774 4656867 3675766 4825812 X 1196691 53828 -426 X X 0 1 X 1 0 X 4461105 4070597 2418511 1533353 1680034 14163600 4461105 4070597 2418511 1533353 1680034 14163600 3571822 10591778 18081 22642 2258 7787 99933 150701 16113 48380 82513 147006 14461307 906271 0.73240 0.74190 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10400 743 9657 9657 TD AMERITRADE 911559 C LPL INVESTMENT 1107 C 912666 LEASE LIABILITY 42341 42341 X 3003779 53828 88508 142336 2861443 -159323 -159323 2702120 1753686 88508 159749 248257 1505429 0 1505429 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE UNITED STATES INTERNAL REVENUE CODE (THE "CODE"), EXCEPT TO THE EXTENT IT HAS UNRELATED BUSINESS INCOME. IN ADDITION, THE ORGANIZATION HAS BEEN CLASSIFIED AS A PUBLIC CHARITY UNDER THE CODE. SHOULD THE ORGANIZATION ENGAGE IN ACTIVITIES UNRELATED TO THE PURPOSE FOR WHICH IT WAS CREATED, TAXABLE INCOME COULD RESULT. FOR THE YEAR ENDED DECEMBER 31, 2023, THE ORGANIZATION HAD NO NET UNRELATED BUSINESS INCOME. ACCORDINGLY, NO PROVISION FOR INCOME TAX HAS BEEN PROVIDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. GAAP REQUIRES THE EVALUATION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE COURSE OF PREPARING THE ORGANIZATION'S FINANCIAL STATEMENTS AND TAX RETURN TO DETERMINE WHETHER THE TAX POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED BY THE APPLICABLE TAX AUTHORITY. TAX POSITIONS NOT DEEMED TO MEET THE MORE LIKELY THAN NOT THRESHOLD WOULD BE RECORDED AS A TAX BENEFIT OR EXPENSE IN THE CURRENT YEAR. A RECONCILIATION IS NOT PROVIDED HEREIN, AS THE BEGINNING AND ENDING AMOUNTS OF UNRECOGNIZED BENEFITS ARE ZERO, WITH NO INTERIM ADDITIONS, REDUCTIONS, OR SETTLEMENTS. THE ORGANIZATION IS RELYING ON ITS TAX-EXEMPT STATUS AND ITS ADHERENCE TO ALL APPLICABLE LAWS AND REGULATIONS TO PRESERVE THAT STATUS. HOWEVER, THE CONCLUSIONS REGARDING THE UNCERTAINTY IN INCOME TAXES WILL BE SUBJECT TO REVIEW AND MAY BE ADJUSTED AT A LATER DATE BASED ON FACTORS INCLUDING, BUT NOT LIMITED TO, ONGOING ANALYSIS OF TAX LAWS, REGULATIONS, AND INTERPRETATIONS THEREOF. TAX POSITIONS TAKEN RELATED TO THE ORGANIZATION'S TAX EXEMPT STATUS, UNRELATED BUSINESS ACTIVITIES TAXABLE INCOME AND DEDUCTIBILITY OF EXPENSES AND OTHER MISCELLANEOUS TAX POSITIONS HAVE BEEN REVIEWED, AND MANAGEMENT IS OF THE OPINION THAT MATERIAL POSITIONS TAKEN WOULD MORE LIKELY THAN NOT BE SUSTAINED BY EXAMINATION. THE ORGANIZATION RECOGNIZES INTEREST AND PENALTIES, IF ANY, RELATED TO UNCERTAIN TAX POSITIONS AS GENERAL AND ADMINISTRATIVE EXPENSES. THE ORGANIZATION'S INFORMATIONAL RETURNS FILED WITH THE INTERNAL REVENUE SERVICE ARE GENERALLY SUBJECT TO EXAMINATION FOR THREE YEARS AFTER THE LATER OF THE DUE DATE OR DATE OF FILING. PART XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES -159,323. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 159,323. WRITE OFF OF UNCOLLECTIBLE PLEDGES 426. 5K 562414 237018 325396 34510 27962 14658 165753 562414 237018 325396 34510 27962 14658 165753 242883 82513 X X X 0 0 0 0 0 0 0 0 0 AMY BEAN EXECUTIVE DIRECTOR 160000 0 10000 0 2500 0 0 0 12229 0 184729 0 0 0 ANN WOOD SENIOR DIRECTOR OF MAJOR G 130000 0 20000 0 2500 0 0 0 10142 0 162642 0 0 0 FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE IS COMPRISED OF THE BOARD PRESIDENT, VICE PRESIDENT, TREASURER, SECRETARY, AND ANY CHAIRS OF THE COMMITTEES OF THE BOARD. THE EXECUTIVE COMMITTEE IS AUTHORIZED TO ACT FOR THE BOARD OF DIRECTORS ON ANY MATTERS AFFECTING THIS CORPORATION, WHICH IN THE OPINION OF THE COMMITTEE ARE IMPORTANT AND REQUIRE IMMEDIATE ATTENTION DURING PERIODS BETWEEN BOARD MEETINGS. FORM 990, PART VI, SECTION A, LINE 6 MEMBERSHIP INCLUDES INDIVIDUALS, ORGANIZATIONS, CORPORATIONS AND INSTITUTIONS THAT SUPPORT THE ORGANIZATION'S MISSION OF PROMOTING AND MAINTAINING THE KATY TRAIL. MEMBERSHIP DOES NOT ENTITLE ANY MEMBER TO ANY VOTING RIGHTS, TO AN INTEREST IN ANY PROPERTY, FUND OR OTHER ASSETS OF THE CORPORATION OR TO ANY OTHER RIGHT, OTHER THAN TO ATTEND AND PARTICIPATE IN MEMBERS' MEETINGS AND EVENTS. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 IS NOT PROVIDED TO THE ORGANIZATION'S GOVERNING BODY BEFORE IT IS FILED. THE FINANCE AND EXECUTIVE COMMITTEE REVIEW THE RETURN ON THEIR BEHALF. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE DETERMINED THE COMPENSATION FOR KEY EMPLOYEES AND OFFICERS USING AN INCENTIVE BONUS PROGRAM THAT INCLUDED A PERFORMANCE METRIC BASED ON THE SALARIES AND CONTRIBUTION REVENUE. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: WRITE OFF OF UNCOLLECTIBLE PLEDGES -426. FORM 990, PART XII, LINE 2C THE AUDIT AND FINANCE COMMITTEE ASSUMES THE RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM PRIOR YEARS.