Nonprofit · EIN 75-2708139
FRIENDS OF THE KATY TRAIL INC
Tax-exempt · DALLAS, TX 75201
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $4,396,640 | $4,181,388 | $215,252 | $5,157,381 | $247,554 | $4,909,827 |
| December 31, 2023 | 990 | $2,702,120 | $1,505,429 | $1,196,691 | $4,825,812 | $168,945 | $4,656,867 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $4,230,483
- Membership dues
- $263,099
- Program service revenue
- $0
- Investment income
- $166,124
- Net rental income
- $45,995
- Net income from fundraising events
- -$46,772
- Other revenue
- $33
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $449,301
- Other salaries and wages
- $221,578
- Salaries, compensation and benefits (total)
- $724,435
- Professional fundraising fees
- $0
- Accounting fees
- $37,708
- Occupancy
- $61,239
- Depreciation
- $1,486
- Program services (functional)
- $3,726,171
- Management and general (functional)
- $179,974
- Fundraising (functional)
- $275,243
Balance sheet and other
- Total assets, start of year
- $4,825,812
- Total assets, end of year
- $5,157,381
- Total liabilities, end of year
- $247,554
- Net assets, end of year
- $4,909,827
- Land, buildings and equipment
- $8,171
- Net assets without donor restrictions
- $3,273,709
- Net assets with donor restrictions
- $1,636,118
- Gross receipts
- $4,730,103
- Employees
- 8
- Volunteers
- 280
- Year formed
- 1997
- State of legal domicile
- TX
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| AMY BEAN | EXECUTIVE DIRECTOR Officer | 40 | $235,000 | $12,235 |
| ANN WOOD | DIRECTOR OF DEVELOPMENT Key employee | 40 | $189,616 | $12,450 |
| BLAKE SHIPP | PRESIDENT Trustee or director, Officer | 3 | $0 | $0 |
| RUTHIE SHOR | VICE PRESIDENT Trustee or director, Officer | 3 | $0 | $0 |
| DAN CHESNUT | TREASURER Trustee or director, Officer | 3 | $0 | $0 |
| PEGGY ZILBERMANN | SECRETARY Trustee or director, Officer | 3 | $0 | $0 |
| BEN RALSTON | CONSTRUCTION AND DEVELOPMENT Trustee or director, Officer | 3 | $0 | $0 |
| SARAH DODD | MAJOR GIFTS AND MARKETING Trustee or director, Officer | 3 | $0 | $0 |
| BRIAN CALLAHAN | SPECIAL APPOINTEE Trustee or director, Officer | 3 | $0 | $0 |
| CRICKET GRIFFIN | GOVERNANCE CHAIR Trustee or director, Officer | 3 | $0 | $0 |
| ERIC BING | SAFETY CHAIR Trustee or director, Officer | 3 | $0 | $0 |
| SUZAN KEDRON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| WILLIAM JAMES | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BONNER ALLEN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ROBYN BAYNE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
16 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PAUL HOWELL | BOARD MEMBER Trustee or director | 1 | $0 |
| BELA COOLEY | BOARD MEMBER Trustee or director | 1 | $0 |
| KELLIE ADKINS | BOARD MEMBER Trustee or director | 1 | $0 |
| KEN ELMGREN | BOARD MEMBER Trustee or director | 1 | $0 |
| LARA FRANCIS | BOARD MEMBER Trustee or director | 1 | $0 |
| MICHAEL FRANTZ | BOARD MEMBER Trustee or director | 1 | $0 |
| FAISAL HALUM | BOARD MEMBER Trustee or director | 1 | $0 |
| WADE JOHNS | BOARD MEMBER Trustee or director | 1 | $0 |
| CRYSTAL JARESKE | BOARD MEMBER Trustee or director | 1 | $0 |
| ADAM MENGACCI | BOARD MEMBER Trustee or director | 1 | $0 |
| PRESTON PAINE | BOARD MEMBER Trustee or director | 1 | $0 |
| JILL RARESHIDE | BOARD MEMBER Trustee or director | 1 | $0 |
| GABY RAWLINGS | BOARD MEMBER Trustee or director | 1 | $0 |
| BAXTER UNDERWOOD | BOARD MEMBER Trustee or director | 1 | $0 |
| NEWT WALKER | BOARD MEMBER Trustee or director | 1 | $0 |
| RAY WASHBURNE | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 32 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| AMY BEAN | EXECUTIVE DIRECTOR Officer | 40 | $172,500 | $12,229 |
| ANN WOOD | SENIOR DIRECTOR OF MAJOR G Key employee | 40 | $152,500 | $10,142 |
| BLAKE SHIPP | PRESIDENT Trustee or director, Officer | 3 | $0 | $0 |
| BRIAN CALLAHAN | VP & SAFETY CHAIR Trustee or director, Officer | 3 | $0 | $0 |
| CRICKET GRIFFIN | SECRETARY Trustee or director, Officer | 3 | $0 | $0 |
| DAN CHESNUT | TREASURER Trustee or director, Officer | 3 | $0 | $0 |
| BILLY HARTWELL | MEMBERSHIP & MARKETING CHA Trustee or director, Officer | 3 | $0 | $0 |
| RUTHIE SHOR | DEVELOPMENT CHAIR Trustee or director, Officer | 3 | $0 | $0 |
| ERIC PAULSON | PAST PRESIDENT Trustee or director, Officer | 3 | $0 | $0 |
| BONNER ALLEN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ROBYN BAYNE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ERIC BING | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BUDDY CRAMER | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| SAM DALTON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BESS DICKSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SARAH DODD | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KEN ELMGREN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LARA FRANCIS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MICHAEL FRANTZ | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| FAISAL HALUM | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| WADE JOHNS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SIMON LITTLE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ADAM MENGACCI | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| PRESTON PAINE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BINA PATEL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BEN RALSTON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JILL RARESHIDE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| GABY RAWLINGS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BAXTER UNDERWOOD | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| NEWT WALKER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| RAY WASHBURNE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| PEGGY ZILBERMANN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 3102 MAPLE AVE STE 230, DALLAS, TX 75201-1215
- In care of
- % ROBIN BALDOCK
- Principal officer (990 for 2024)
- AMY BEAN, 3102 MAPLE AVENUE 230, DALLAS, TX 75201
- Signed the 990
- AMY BEAN, EXECUTIVE DIRECTOR
- Phone
- (214) 303-1180
- Website
- WWW.KATYTRAILDALLAS.ORG
- Return prepared by
- LANE GORMAN TRUBITT LLC
Mission
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.
Program accomplishments
- 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.Expenses $585,735 · revenue $46,805
- 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.Expenses $3,076,717
- 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.Expenses $63,719
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 75-2708139
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1997
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Environment (C30)
- Assets (IRS master file)
- $5,157,381
- Income (IRS master file)
- $4,730,103
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $4,396,640 | $4,181,388 | $5,157,381 | XML |
| 990 | December 2023 | $2,702,120 | $1,505,429 | $4,825,812 | XML |
| 990 | December 2022 | $1,611,070 | $1,546,318 | $3,675,766 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 75-2708139).
Questions about FRIENDS OF THE KATY TRAIL INC
- What is the EIN of FRIENDS OF THE KATY TRAIL INC?
- The employer identification number (EIN) of FRIENDS OF THE KATY TRAIL INC is 75-2708139.
- Is FRIENDS OF THE KATY TRAIL INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
- Are donations to FRIENDS OF THE KATY TRAIL INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FRIENDS OF THE KATY TRAIL INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FRIENDS OF THE KATY TRAIL INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FRIENDS OF THE KATY TRAIL INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of FRIENDS OF THE KATY TRAIL INC?
- The 990 for the year ended December 31, 2024 names AMY BEAN.
- Who are the officers and directors of FRIENDS OF THE KATY TRAIL INC?
- The 990 for the year ended December 31, 2024 lists 31 people; 2 received compensation from the organization, the highest $235,000 (AMY BEAN, EXECUTIVE DIRECTOR).
- How much revenue does FRIENDS OF THE KATY TRAIL INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $4,396,640, expenses of $4,181,388 and total assets of $5,157,381 at year end.
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