2026-09-18T11:04:35-05:00 2026-03-31 030225774 GALLAGHER FLYNN & COMPANY LLC PO BOX 2144 SOUTH BURLINGTON VT 05407 990 2025-04-01 030353477 KINGDOM TRAIL ASSOCIATION INC KING 8026260737 PO BOX 204 EAST BURKE VT 05832 GEORGIA GOULD EXECUTIVE DIRECTOR 8026260737 2026-09-11 1 AMY L WOOD P02457252 8028631331 2026-09-08 2025 GEORGIA GOULD PO BOX 204 EAST BURKE VT 05832 2192130 0 X KINGDOMTRAILS.ORG X 1994 VT TO BUILD AND MAINTAIN A NETWORK OF TRAILS FOR RECREATIONAL USE BY THE PUBLIC AND TO EDUCATE USERS 12 12 32 0 0 0 514461 404775 916284 831945 13477 120897 94392 34840 1538614 1392457 11053 3206 0 0 700781 672663 0 0 0 774367 556981 1486201 1232850 52413 159607 2592386 2029023 648443 84314 1943943 1944709 X KINGDOM TRAIL ASSOCIATION IS A VERMONT-BASED NON-PROFIT CORPORATION FOUNDED IN 1994 TO PROMOTE NON-MOTORIZED TRAVEL AND RECREATIONAL OPPORTUNITIES IN VERMONT BY MANAGING, MAINTAINING, AND BUILDING TRAILS. 0 0 926326 3206 831945 PROVIDE RECREATIONAL OPPORTUNITIES BY MANAGING, MAINTAINING, AND DEVELOPING AN EXTENSIVE NETWORK OF FOUR-SEASON NONMOTORIZED TRAILS TO FOSTER HEALTH AND WELLNESS, QUALITY OF LIFE, AND ECONOMIC VITALITY FOR HOST COMMUNITIES. TRAIL NETWORK SUPPORT ENTAILS TRAIL MEMBERSHIP AND USER SERVICES SUCH AS ON-TRAIL AMBASSADORS, UPDATED MAPPING AND TRAIL CONDITIONS TOOLS AS WELL AS WAYFINDING AND ROUTING GUIDANCE THROUGH THE WELCOME CENTER AND TRAIL SIGNAGE. DEVELOP, SUPPORT, AND PROVIDE RECREATIONAL OPPORTUNITIES FOR TRAIL USE, TRAIL BUILDING, THE WORKING LANDSCAPE, LAND STEWARDSHIP, AND HEALTH AND WELLBEING. RECREATIONAL OPPORTUNITIES INCLUDE:1) THE KINGDOM SCHOOL PROGRAM2) THE KINGDOM TRAILS KIDS RIDE PROGRAM3) WINTERBIKE4) WINTER TORCHLIGHT AND STARGAZING SERIES5) RACE BACK TO SCHOOL6) ST. JOHNSBURY ACADEMY RECREATION UNIT7) THE CREATION AND INSTALLATION OF EDUCATIONAL SIGNANGE ON THE TRAIL NETWORK ABOUT THE WORKING FOREST AND LANDSCAPE8) THE GAME OF LOGGING AND NEMBA TRAIL SCHOOL CERTIFICATIONSSEASONAL TRAIL CREWS MONITOR, MAINTAIN, GROOM, AND REHABILITATE OVER 100 MILES OF EXISTING TRAILS ACROSS LYNDON, BURKE, KIRBY, AND EAST HAVEN TOWNSHIPS AND HELP BUILD NEW TRAILS, AS WELL AS SKILL-DEVELOPMENT PUMP TRACK FOR YOUTH MOUNTAIN BIKERS AT THE MUNICIPAL POWERS PARK IN LYNDONVILLE. 926326 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 17 0 1 32 1 0 0 0 0 0 1 1 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X GEORGIA GOULD 8026260737 PO BOX 204 EAST BURKE VT 05832 REBECCA THARP CHAIR 5.00 X X 0 0 0 DAVE EIKENBERRY TREASURER 3.00 X X 0 0 0 TWILADAWN PERRY SECRETARY 1.00 X X 0 0 0 STEPHANIE GIESE DIRECTOR 1.00 X 0 0 0 CALEB GRANT DIRECTOR 1.00 X 0 0 0 MICHAEL GREENBLATT DIRECTOR 1.00 X 0 0 0 SHANNON LENZINI DIRECTOR 1.00 X 0 0 0 FINN MAGUIRE DIRECTOR 1.00 X 0 0 0 BEN MIRKIN DIRECTOR 1.00 X 0 0 0 DANA PREY DIRECTOR 1.00 X 0 0 0 ABIGAIL LONG EXECUTIVE DIRECTOR THROUGH 9/2025 40.00 X 62354 0 1211 GEORGIA GOULD EXECUTIVE DIRECTOR SINCE 9/2025 40.00 X 33286 0 540 95640 0 1751 0 0 0 0 0 1017 403758 404775 MEMBERSHIP 713940 822677 822677 EVENT REVENUE 713940 9268 9268 831945 21590 21590 808062 708755 99307 99307 99307 121253 90918 30335 30335 WORKFORCE HOUSING RENT 532000 4505 4505 4505 1392457 831945 0 155737 X 3206 3206 99521 59713 39808 467336 456260 11076 6951 6327 624 46704 42512 4192 52151 47470 4681 16439 16439 93128 93128 56579 19577 37002 35461 35461 84590 62610 21980 72099 65311 6788 2595 870 1725 786 589 197 16840 16840 40866 36779 4087 45573 45573 TRAIL SYSTEM MAINTENANC 74008 74008 EVENT EXPENSES 13292 13292 OTHER 4725 2341 2384 1232850 926326 306524 0 12678 12215 310395 408755 44493 0 50512 45384 36704 26413 1321110 193558 1781371 1127552 315671 398420 40562 10284 2592386 2029023 8015 31355 30429 42675 569437 40562 10284 648443 84314 X 1922737 1926060 21206 18649 1943943 1944709 2592386 2029023 159607 -1460 -157381 0 X X 1 X 0 1 0 X 49226 179807 344189 514461 404775 1492458 205648 1063326 1087056 1075724 953198 4384952 254874 1243133 1431245 1590185 1357973 5877410 0 0 0 5877410 1217 4133 6860 13477 21590 47277 1217 4133 6860 13477 21590 47277 18888 4505 23393 256091 1247266 1438105 1622550 1384068 5948080 0.98810 0.99140 0.00790 0.00510 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: INSURANCE CLAIM - 2024 AMOUNT: $ 18,888. WORKFORCE HOUSING RENT - 2025 AMOUNT: $ 4,505. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1101682 1101682 22605 22605 0 196823 170953 25870 1127552 LEASE LIABILITY - OPERATING 10284 10284 X PART X, LINE 2: EACH YEAR, MANAGEMENT CONSIDERS WHETHER ANY MATERIAL TAX POSITION THE ASSOCIATION HAS TAKEN IS MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPLICABLE TAX AUTHORITY. MANAGEMENT BELIEVES THAT ANY POSITIONS THE ASSOCIATION HAS TAKEN ARE SUPPORTED BY SUBSTANTIAL AUTHORITY AND, THEREFORE, DO NOT NEED TO BE MEASURED OR DISCLOSED IN THE FINANCIAL STATEMENTS. THE ASSOCIATION IS SUBJECT TO INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR THREE YEARS FOLLOWING THE DATE OF FILING. FORM 990, PART VI, SECTION B, LINE 11B EXECUTIVE DIRECTOR REVIEWS AND SIGNS RETURN. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, DIRECTORS, OR TRUSTEES AND KEY EMPLOYEES ARE REQUIRED TO SIGN A DOCUMENT STATING ANY CONFLICT OF INTEREST. THE DOCUMENT IS REVIEWED ANNUALLY AND UPDATED AS NECESSARY. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS CONSULT WITH A HUMAN RESOURCES FIRM TO OBTAIN WAGE AND BENEFITS REPORTS. THESE REPORTS INFORM THEIR DECISIONS ESTABLISHING A COMPENSATION PACKAGE FOR THE EXECUTIVE DIRECTOR ROLE. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 8 PRIOR PERIOD ADJUSTMENT: DURING 2026, MANAGEMENT DETERMINED THAT GRANT FUNDS RECEIVED UNDER A STATE OF VERMONT GRANT AGREEMENT DURING THE YEAR ENDED MARCH 31, 2025 HAD BEEN INCORRECTLY RECOGNIZED AS GRANT REVENUE IN THAT FISCAL YEAR. THE AGREEMENT PROVIDED FUNDING FOR THE ACQUISITION AND RENOVATION OF TWO PROPERTIES AND INCLUDED PROVISIONS REQUIRING REPAYMENT OF GRANT FUNDS IF THE PROPERTIES WERE SOLD DURING THE GRANT PERIOD. AS OF MARCH 31, 2025, ONE OF THE PROPERTIES HAD BEEN CLASSIFIED AS HELD FOR SALE AND MANAGEMENT HAD INITIATED PLANS TO DISPOSE OF THE PROPERTY. ACCORDINGLY, THE CONDITIONS FOR RECOGNITION OF THE GRANT REVENUE HAD NOT BEEN MET, AND THE GRANT PROCEEDS SHOULD HAVE BEEN REPORTED AS A GRANT REPAYMENT LIABILITY RATHER THAN AS GRANT REVENUE. THE CORRECTION WAS MADE THROUGH A PRIOR PERIOD ADJUSTMENT OF $157,381. DURING THE YEAR ENDED MARCH 31, 2026, THE ASSOCIATION COMPLETED THE SALE OF BOTH PROPERTIES, THE PROCEEDS OF WHICH WERE USED PRIMARILY TO REPAY DEBT SECURED BY THE PROPERTIES. FOLLOWING THE SALES, THE STATE OF VERMONT DETERMINED THAT THE ASSOCIATION WAS REQUIRED TO REPAY THE GRANT FUNDS RECEIVED OF APPROXIMATELY $157,000, WHICH THE ASSOCIATION REPAID IN 2026. FORM 990, PART XII, LINE 2C: FINANCIAL STATEMENT OVERSIGHT IS PROVIDED BY THE FINANCE COMMITTEE.