2023-09-12T07:30:05-05:00 2022-12-31 882730877 CHERRY BEKAERT ADVISORY LLC 1111 METROPOLITAN AVE STE 900 CHARLOTTE NC 28204 990 2022-01-01 261528527 CAROLINA THREAD TRAIL CARO 7049734500 220 NORTH TRYON STREET CHARLOTTE NC 28202 C BARTON LANDESS EXECUTIVE DIRECTOR 7049734500 2023-08-08 1 C BARTON LANDESS 999009999 0 PAULA WENDLING P00536805 7043771678 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z X C BARTON LANDESS 220 NORTH TRYON STREET CHARLOTTE NC 28202 337577 0 X WWW.CAROLINATHREADTRAIL.ORG X 2007 NC TO FACILITATE THE CREATION OF GREENWAYS, TRAILS, BLUEWAYS, PARKS, RECREATION AREAS OR OTHER OPEN NATURAL OR CIVIC SPACES, WITH A GOAL TOWARDS PRESERVING NATURAL AREAS. X 16 16 0 0 0 0 2824787 337575 0 0 39 2 0 0 2824826 337577 321520 8386205 0 0 0 0 0 0 2105 999963 1425739 1321483 9811944 1503343 -9474367 9604448 0 50 0 9604398 0 X TO PROVIDE CAPITAL, TECHNICAL EXPERTISE, AND SUPPORT TO LOCAL COMMUNITIES TO SUCCESSFULLY BUILD THE REGIONAL VISION OF THE TRAIL AND CONSERVE NATURAL LANES ALONG THE TRAILS. 0 0 9782170 8386205 ENVIRONMENT: THE CAROLINA THREAD TRAIL IS DEVELOPING A REGIONAL NETWORK OF GREENWAYS, TRAILS AND BLUEWAYS THAT SPAN 15 COUNTIES, 2 STATES AND 2.9 MILLION PEOPLE. THERE ARE OVER 400 MILES OF TRAILS AND 170 MILES OF BLUEWAY OPEN TO THE PUBLIC THAT LINK PEOPLE, PLACES, CITIES, TOWNS AND ATTRACTIONS. THE THREAD TRAIL PRESERVES OUR NATURAL AREAS AND IS A PLACE FOR EXPLORATION OF NATURE, CULTURE, SCIENCE AND HISTORY. THIS IS A LANDMARK PROJECT THAT PROVIDES PUBLIC AND COMMUNITY BENEFITS FOR EVERYONE, IN EVERY COMMUNITY. DURING 2022, THE ORGANIZATION DISBURSED GRANTS TO VARIOUS ORGANIZATIONS AND ENGAGED CATAWBA LANDS CONSERVANCY TO ASSIST IN PLANNING AND DEVELOPMENT OF GREENWAYS, TRAILS AND ENVIRONMENTAL PROTECTION. AT THE END OF 2022, THE ORGANIZATION DISSOLVED AND TRANSFERRED ALL REMAINING ASSETS TO THE FOUNDATION FOR THE CAROLINAS FOR THE BENEFIT OF CATAWBA LANDS CONSERVANCY WHICH WILL CONTINUE THIS PROJECT GOING FORWARD. 9782170 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 0 0 0 0 NC X ALYSSA FEDERICO 7049734500 220 NORTH TRYON STREET CHARLOTTE NC 28202 SHUFORD ABERNETHY DIRECTOR 0.30 X 0 0 0 SALLY DALEY DIRECTOR 0.30 X 0 0 0 DEHLER HART DIRECTOR 0.30 X 0 0 0 DANA MANESS DIRECTOR 0.30 X 0 0 0 BAILEY PATRICK DIRECTOR 0.30 X 0 0 0 MARSHALL ROGERS DIRECTOR 0.30 X 0 0 0 JENNIFER DEWITT DIRECTOR 0.30 X 0 0 0 LAT PURSER DIRECTOR 0.30 X 0 0 0 TIM BELK DIRECTOR 0.30 X 0 0 0 BLAIR BOGGS DIRECTOR 0.30 X 0 0 0 DELANE CLARK DIRECTOR 0.30 X 0 0 0 JARRED COCHRAN CHAIR 0.30 X 0 0 0 LESLIE JOHNSON VICE CHAIR 0.30 X 0 0 0 JON MORRIS DIRECTOR 0.30 X 0 0 0 HARRIS MORRISON DIRECTOR 0.30 X 0 0 0 DAVE PRIESTER DIRECTOR 0.30 X 0 0 0 MICAHEL MARSICANO VICE PRESIDENT 3.00 50.00 X 0 817136 81188 0 817136 81188 0 0 1 0 CATAWBA LANDS CONSERVANCY 4530 PARK ROAD CHARLOTTE NC 28209 PROJECT MANAGEMENT 1357909 1 337575 566 337575 2 0 2 2 2 337577 0 0 2 X 8386205 8386205 3675 1642 1889 144 8653 3867 4448 338 1413411 1390456 21332 1623 9811944 9782170 27669 2105 406640 0 0 1419539 0 0 0 0 0 0 0 0 0 7778269 0 0 0 0 9604448 0 50 0 50 0 X 9604398 0 9604398 0 9604448 0 X -9474367 -126320 -3711 X 0 1 X 0 0 X X X 1 FOUNDATION FOR THE CAROLINAS 566047886 7 1 7463261 0 1 7463261 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 PART IV, SECTION A, LINE 6: THE THREAD TRAIL PROVIDES GRANTS TO ELIGIBLE 501(C)(3) CHARITABLE ORGANIZATIONS AND GOVERNMENTAL ENTITIES PARTICIPATING IN THE DEVELOPMENT OF REGIONAL TRAILS AND THE CONSERVATION OF LAND ALONG THE TRAILS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3837675 3837675 3423753 444941 31019 3837675 3242325 332542 124632 26482 3423753 2915238 489548 135352 27109 3242325 3250539 -156934 150000 28367 2915238 0 0 0 X PART V, LINE 4: THE INTENDED USE OF THE ORGANIZATION'S ENDOWMENT FUNDS IS TO SUPPORT MAINTENANCE AND DEVELOPMENT OF TRAILS. PART X, LINE 2: THE FOUNDATION (FOUNDATION FOR THE CAROLINAS) AND ITS SUPPORTING FOUNDATIONS ARE EXEMPT FROM FEDERAL INCOME TAX UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE IRC. IN ACCORDANCE WITH IRC REGULATIONS, THE FOUNDATION IS TAXED ON UNRELATED BUSINESS INCOME, WHICH CONSISTS OF EARNINGS FROM ACTIVITIES NOT RELATED TO THE EXEMPT PURPOSE OF THE FOUNDATION. THE FOUNDATION ACCOUNTS FOR TAX UNCERTAINTIES BASED ON A MORE LIKELY THAN NOT RECOGNITION THRESHOLD WHEREBY TAX BENEFITS ARE ONLY RECOGNIZED WHEN THE FOUNDATION BELIEVES THAT THEY HAVE A GREATER THAN 50% LIKELIHOOD OF BEING SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THE FOUNDATION HAS EVALUATED ALL ITS TAX POSITIONS AND DETERMINED THAT IT HAD NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2022 OR 2021. 1 CATAWBA LANDS CONSERVANCY 4530 PARK ROAD 420 CHARLOTTE NC 28209 581969605 501(C)(3) 17760 0 TRAIL DEVELOPMENT CITY OF BESSEMER CITY 132 W VIRGINIA AVENUE BESSEMER CITY NC 28106 566001177 170(C)(1) 15000 0 TRAIL DEVELOPMENT CITY OF CONCORD PO BOX 308 CONCORD NC 280260308 566001207 170(C)(1) 30000 0 TRAIL DEVELOPMENT CITY OF LOWELL 101 W FIRST STREET LOWELL NC 28098 566003509 170(C)(1) 8000 0 TRAIL DEVELOPMENT CITY OF ROCK HILL P O BOX 11706 ROCK HILL SC 297311706 576000244 170(C)(1) 30000 0 TRAIL DEVELOPMENT CITY OF SHELBY PO BOX 207 SHELBY NC 28151 566001333 170(C)(1) 275000 0 TRAIL DEVELOPMENT FRIENDS OF NORTH STANLY TRAILS AND PARKS PO BOX 882 RICHFIELD NC 28137 473867965 501(C)(3) 40000 0 TRAIL DEVELOPMENT FOUNDATION FOR THE CAROLINAS 220 NORTH TRYON STREET CHARLOTTE NC 28202 566047886 501(C)(3) 7463261 0 TRAIL DEVELOPMENT IREDELL COUNTY PARKS & RECREATION 123 GRANNIS LANE STATESVILLE NC 28677 566000309 170(C)(1) 30000 0 TRAIL DEVELOPMENT KINGS MOUNTAIN GATEWAY TRAILS INC PO BOX 859 KINGS MOUNTAIN NC 28086 203925649 501(C)(3) 30000 0 TRAIL DEVELOPMENT TOWN OF CRAMERTON 155 N MAIN STREET CRAMERTON NC 28032 560891982 170(C)(1) 86700 0 TRAIL DEVELOPMENT TOWN OF GREAT FALLS PO BOX 177 GREAT FALLS SC 29055 570510849 170(C)(1) 30000 0 TRAIL DEVELOPMENT TOWN OF MARSHVILLE 118 EAST UNION STREET MARSHVILLE NC 28103 566001282 170(C)(1) 14500 0 TRAIL DEVELOPMENT TOWN OF MOUNT PLEASANT 8590 PARK DRIVE MOUNT PLEASANT NC 28124 566001297 170(C)(1) 43923 0 TRAIL DEVELOPMENT TOWN OF RICHFIELD 137 HIGHWAY 49 NORTH RICHFIELD NC 28137 561627256 170(C)(1) 87061 0 TRAIL DEVELOPMENT TOWN OF SPENCER PO BOX 45 SPENCER NC 28159 566001339 170(C)(1) 50000 0 TRAIL DEVELOPMENT TOWN OF WADESBORO PO BOX 697 WADESBORO NC 28170 566001358 170(C)(1) 85000 0 TRAIL DEVELOPMENT TOWN OF WAXHAW 317 BROOME STREET WAXHAW NC 28173 566001366 170(C)(1) 50000 0 TRAIL DEVELOPMENT 18 0 PART I, LINE 2: CAROLINA THREAD TRAIL DISTRIBUTES GRANTS FOR APPROVED TRAIL DEVELOPMENT PLANS TO CHARITABLE ORGANIZATIONS AND GOVERNMENTAL ENTITIES. PLANS ARE REVIEWED REGULARLY TO ENSURE USE OF GRANTS FOR TRAIL DEVELOPMENT. 0 0 0 0 0 0 0 0 0 MICAHEL MARSICANO VICE PRESIDENT 0 522647 0 200000 0 94489 0 61000 0 20188 0 898324 0 0 ENDOWMENT FUNDS 2022-12-31 3837676 BOOK VALUE 566047886 FOUNDATION FOR THE CAROLINAS 220 NORTH TRYON ST CHARLOTTE NC 28202 501(C)(3) NON-ENDOWED ASSETS 2022-12-31 3625585 BOOK VALUE 566047886 FOUNDATION FOR THE CAROLINAS 220 NORTH TRYON ST CHARLOTTE NC 28202 501(C)(3) 0 0 0 0 1 1 1 1 0 FORM 990, PART VI, SECTION A, LINE 7A THE RIGHT TO APPOINT A MAJORITY OF THE BOARD OF DIRECTORS IS VESTED EXCLUSIVELY IN FOUNDATION FOR THE CAROLINAS. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FINAL FORM 990, EXCLUDING SCHEDULE B, WAS DISTRIBUTED TO EACH VOTING MEMBER OF THE BOARD PRIOR TO FILING. THE RETURN IS AVAILABLE FOR DISCUSSION AT THE NEXT BOARD MEETING CLOSEST TO THE FILING DATE. THE BOARD BELIEVES THAT THE PRIVACY OF THE THREAD TRAIL'S DONORS WARRANTS THE REDACTION OF SCHEDULE B. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ANNUALLY COMPLETE A CONFLICT OF INTEREST FORM IN COMPLIANCE WITH NATIONAL STANDARDS FOR COMMUNITY FOUNDATIONS AND UNDER FOUNDATION FOR THE CAROLINAS (SUPPORTED FOUNDATION) ETHICS POLICY. STAFF COLLECTS AND MAINTAINS THE FORMS ANNUALLY, AND MONITORS THE PROCESS. FORM 990, PART VI, SECTION B, LINE 15 THE CAROLINA THREAD TRAIL HAS NO FORMAL EMPLOYEES AND THEREFORE DOES NOT HAVE A FORMAL PROCESS IN PLACE FOR DETERMINING COMPENSATION. FOUNDATION FOR THE CAROLINAS, THE SUPPORTED ORGANIZATION, DOES HAVE POLICIES AND PROCEDURES IN PLACE FOR DETERMINING COMPENSATION, INCLUDING UTILITIZING AN INDEPENDENT COMPENSATION CONSULTANT AND APPROVAL BY THE BOARD OF DIRECTORS FOR EXECUTIVE COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS ARE MAINTAINED BY THE ORGANIZATION AND ARE AVAILABLE UPON REQUEST BY THE GENERAL PUBLIC. FORM 990, PART IX, LINE 11G ADMINISTRATIVE FEES: PROGRAM SERVICE EXPENSES 18,547. MANAGEMENT AND GENERAL EXPENSES 21,332. FUNDRAISING EXPENSES 1,623. TOTAL EXPENSES 41,502. PROJECT MANAGEMENT FEES: PROGRAM SERVICE EXPENSES 1,371,909. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,371,909. FORM 990, PART XI, LINE 9: PRIOR YEAR PLEDGES WRITTEN-OFF -3,711. FOUNDATION FOR THE CAROLINAS 220 NORTH TRYON STREET CHARLOTTE NC 28202 566047886 GRANTMAKING NC 501(C)(3) LINE 7 N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 FOUNDATION FOR THE CAROLINAS B 7463261 FMV FOUNDATION FOR THE CAROLINAS M 41502 FMV