2025-11-05T11:53:58-06:00 2024-12-31 751044330 LANE GORMAN TRUBITT LLC 2626 HOWELL ST SUITE 700 DALLAS TX 75204 990 2024-01-01 752708139 FRIENDS OF THE KATY TRAIL INC FRIE 2143031180 3102 MAPLE AVENUE 230 DALLAS TX 75201 AMY BEAN EXECUTIVE DIRECTOR 2143031180 2025-10-31 1 1 KEVIN WARNEKE P01294950 2148717500 2024 2025-03-06 01:10:19Z AMY BEAN 3102 MAPLE AVENUE 230 DALLAS TX 75201 4730103 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. 29 29 8 280 0 0 1680034 4230483 0 0 99933 166124 922153 33 2702120 4396640 0 0 0 0 623644 724435 0 0 275243 881785 3456953 1505429 4181388 1196691 215252 4825812 5157381 168945 247554 4656867 4909827 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 585735 46805 FRIENDS OF THE KATY TRAIL MAINTAINS AND ENHANCES THE KATY TRAIL FOR THE CITY OF DALLAS AND THE BENEFIT OF NORTH TEXAS AREA CITIZENS AND VISITORS. FKT RAISES FUNDS FOR LANDSCAPE MAINTENANCE, LIGHTING, WATER, PRIVATE SECURITY, CONTINUED IMPROVEMENTS, AND MORE ON THE TRAIL. A MAJOR ASSET OF DALLAS, THE KATY TRAIL IS A TREASURED URBAN GREENSPACE AND SAW MILLIONS OF VISITS IN 2024. 3076717 FRIENDS OF THE KATY TRAIL CONTINUES TO ENHANCE THE TRAIL WITH AMENITIES FOR ALL USERS. 2024 BROUGHT THE INSTALLATION OF SEVERAL NEW BENCHES, A MAJOR PLANTINGS RESTORATION PROJECT, THE OPENING OF THE STAUBACH PASS PLAZA AT THE HARVARD CROSSING, AND THE BEGINNING OF THE 2024 CITY BOND PROJECTS CAMPAIGN TO BRING TWO IMPORTANT IMPROVEMENTS TO THE TRAIL. THE BOND PROJECTS ARE (1) A NEW TRAIL ENTRANCE FROM FAIRMOUNT STREET AND (2) LANDSCAPE RESTORATION AND SAFETY MEASURES ON THE TRAIL'S NORTH END FROM KNOX STREET TO HARVARD AVENUE. 63719 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 2024 FROM ARTISTS IVAN ARGOTE AND EDDIE MARTINEZ. 3726171 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 1 0 0 0 0 0 0 0 0 1 22 0 1 8 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 29 29 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 RUTHIE SHOR VICE PRESIDENT 3.00 X X 0 0 0 DAN CHESNUT TREASURER 3.00 X X 0 0 0 PEGGY ZILBERMANN SECRETARY 3.00 X X 0 0 0 BEN RALSTON CONSTRUCTION AND DEVELOPMENT 3.00 X X 0 0 0 SARAH DODD MAJOR GIFTS AND MARKETING 3.00 X X 0 0 0 BRIAN CALLAHAN SPECIAL APPOINTEE 3.00 X X 0 0 0 CRICKET GRIFFIN GOVERNANCE CHAIR 3.00 X X 0 0 0 ERIC BING SAFETY CHAIR 3.00 X X 0 0 0 SUZAN KEDRON BOARD MEMBER 1.00 X 0 0 0 WILLIAM JAMES BOARD MEMBER 1.00 X 0 0 0 BONNER ALLEN BOARD MEMBER 1.00 X 0 0 0 ROBYN BAYNE BOARD MEMBER 1.00 X 0 0 0 PAUL HOWELL BOARD MEMBER 1.00 X 0 0 0 BELA COOLEY BOARD MEMBER 1.00 X 0 0 0 KELLIE ADKINS 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 CRYSTAL JARESKE 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 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 AMY BEAN EXECUTIVE DIRECTOR 40.00 X 235000 0 12235 ANN WOOD DIRECTOR OF DEVELOPMENT 40.00 X 189616 0 12450 424616 0 24685 2 0 1 0 MUCKLEROY & FALLS 3200 RIVERFRONT DRIVE STE 200 FT WORTH TX 76107 CONSTRUCTION 1040467 J CORDELL INC 5830 GRANITE PARKWAY STE 100-214 PLANO TX 75204 CONSTRUCTION 768118 LAND PATTERNS INC 1804 COMMERCE ST STE 200 DALLAS TX 75208 LANDSCAPING 659541 STONEWALL PROTECTION GROUP LLC 9627 MOSS HAVEN DRIVE DALLAS TX 75231 PRIVATE SECURITY 130607 4 263099 352484 3614900 63322 4230483 166124 166124 45995 0 45995 45995 45995 286691 352484 333463 -46772 -46772 810 810 810 4396640 46805 0 119352 449301 238202 57292 153807 221578 151025 26562 43991 5500 4132 1368 48056 28031 6007 14018 37708 37708 1229 717 154 358 10516 5453 2689 2374 49071 25447 12548 11076 22475 11656 5747 5072 61239 40724 10411 10104 2657 1378 679 600 1486 771 380 335 40383 21954 18429 TRAIL REPAIRS AND MAINT 3076717 3076717 ART PROGRAM 63719 63719 2024 BOND PROJECTS 50000 50000 SPECIAL EVENTS 33508 33508 6245 6245 4181388 3726171 179974 275243 199 60815 3490798 3632784 328345 318370 40667 16507 10400 2229 9657 8171 912666 1100925 43480 19809 4825812 5157381 126604 229175 42341 18379 168945 247554 X 3093418 3273709 1563449 1636118 4656867 4909827 4825812 5157381 X 215252 42233 -4525 X X 0 1 X 1 0 X 4070597 2418511 1533353 1680034 4230483 13932978 4070597 2418511 1533353 1680034 4230483 13932978 2366347 11566631 22642 2258 7787 99933 166124 298744 16113 48380 82513 147006 14378728 931895 0.80440 0.73240 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10400 2229 8171 8171 TD AMERITRADE 1099833 C LPL INVESTMENT 1092 C 1100925 LEASE LIABILITY 18379 18379 X 4754473 42233 123073 165306 4589167 -192527 -192527 4396640 4501513 123073 197052 320125 4181388 0 4181388 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, 2024, 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 -192,527. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 192,527. WRITE OFF OF UNCOLLECTIBLE PLEDGES 4,525. 5K 639175 352484 286691 52282 59571 1967 25503 194140 639175 352484 286691 52282 59571 1967 25503 194140 333463 -46772 SCHEDULE G, PART I, LINE 2: THE FRIENDS OF THE KATY TRAIL (FKT) HELD ONE MAJOR FUNDRAISING EVENT DURING THE FISCAL YEAR. THE EVENT HAD GROSS RECEIPTS OF $639,175 AND DIRECT EXPENSES OF $333,463, RESULTING IN A NET PROFIT OF $305,712. PER FORM 990 INSTRUCTIONS, FKT IS REQUIRED TO RECLASS THE CHARITABLE PORTION OF ITS FUNDRAISING GROSS RECEIPTS TO FORM 990, PART VIII, STATEMENT OF REVENUE, LINE 1C., AND THEREFORE, THE NET EFFECT OF RECLASSING CONTRIBUTIONS OF $352,484 FROM GROSS RECEIPTS AFFECTS THE PRESENTATION OF THE FUNDRAISING EVENT'S NET PROFIT AMOUNT, SHOWING A NEGATIVE NUMBER WHEN IN ACTUALITY THE FUNDRAISING EVENTS WERE PROFITABLE AND RAISED MONEY FOR FKT. X X X 0 0 0 0 0 0 0 0 0 AMY BEAN EXECUTIVE DIRECTOR 200000 0 35000 0 0 0 0 0 12235 0 247235 0 0 0 ANN WOOD DIRECTOR OF DEVELOPMENT 139616 0 50000 0 0 0 0 0 12450 0 202066 0 0 0 X FOOD AND BEVERAGE FOR 5K EVENT 1 63322 FMV 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 UNCOLLECTABLE PLEDGES -4,525. 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.