Civic Intelligence

Carolina Thread Trail

EIN 26-1528527 • 501(c)3 • Charlotte, NC

Profile

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.

220 North Tryon StreetCharlotte, NC 28202

www.carolinathreadtrail.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2022

Liabilities / Revenue

61st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

2nd percentile

-2807%

Higher net margin than 2% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

9th percentile

-100%

Faster asset growth than 9% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

7th percentile

-88%

Faster revenue growth than 7% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Down

$0

Down $9,604,448 (-100%) from 2021

Liabilities

Down

$0

Down $50 (-100%) from 2021

Net Assets

Down

$0

Down $9,604,398 (-100%) from 2021

Revenue

Down

$337,577

Down $2,487,249 (-88%) from 2021

Expenses

Up

$9,811,944

Up $8,490,461 (+642%) from 2021

Net Income

Down

-$9,474,367

Down $10,977,710 (-730%) from 2021

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$10M$5.0M$0Assets 2019: $6,554,153Liabilities 2019: $0Net Assets 2019: $6,554,1532019Assets 2020: $7,655,189Liabilities 2020: $0Net Assets 2020: $7,655,1892020Assets 2021: $9,604,448Liabilities 2021: $50Net Assets 2021: $9,604,3982021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022

Highlighted filing

2022

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10M$5.0M$0-$5.0M-$10MRevenue 2019: $1,109,535Expenses 2019: $1,306,738Net Income 2019: -$197,2032019Revenue 2020: $1,864,609Expenses 2020: $1,186,767Net Income 2020: $677,8422020Revenue 2021: $2,824,826Expenses 2021: $1,321,483Net Income 2021: $1,503,3432021Revenue 2022: $337,577Expenses 2022: $9,811,944Net Income 2022: -$9,474,3672022

Highlighted filing

2022

Revenue$337,577
Expenses$9,811,944
Net Income-$9,474,367

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Aug 8, 2023
Return Version
2022v5.0
Gross Receipts
$337,577
Mission and Program Overview

Mission

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.

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$7,778,269$0▼ $7,778,269
Pledges and Grants Receivable$1,419,539$0▼ $1,419,539
Cash and Non-Interest-Bearing Accounts$406,640$0▼ $406,640
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$9,604,448$0▼ $9,604,448
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$50$0▼ $50
Total Liabilities$50$0▼ $50
Net Assets / Fund Balance
Net Assets With Donor Restrictions$9,604,398$0▼ $9,604,398
Total Net Assets Fund Balance$9,604,398$0▼ $9,604,398
Total Liabilities and Net Assets / Fund Balance$9,604,448$0▼ $9,604,448

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$3,837,675----
2021$3,423,753-▲ $444,941-$3,837,675
2020$3,242,325-▲ $332,542-$3,423,753
2019$2,915,238-▲ $489,548-$3,242,325
2018$3,250,539-▼ $156,934-$2,915,238
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jarred CochranChair
Leslie JohnsonVice Chair
Micahel MarsicanoVice President
Bailey PatrickDirector
Blair BoggsDirector
Dana ManessDirector
Dave PriesterDirector
Dehler HartDirector
Delane ClarkDirector
Harris MorrisonDirector
Jennifer DewittDirector
Jon MorrisDirector
Lat PurserDirector
Marshall RogersDirector
Sally DaleyDirector
Shuford AbernethyDirector
Tim BelkDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
Catawba Lands ConservancyProject Management4530 PARK ROAD, Charlotte, NC 28209$1,357,909
Revenue and Support

Revenue Composition

Contributions and Grants
$337,575
Program Service Revenue
$0
Investment Income
$2
Other Revenue
$0
All Other Contributions
$337,575
Change in Net Assets
$-9,474,367
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$8,386,205
Other Expenses$1,425,739
Total Fundraising Expense$2,105
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$8,386,205--$8,386,205
Fees for Services Other$1,390,456$21,332$1,623$1,413,411
Fees for Service Investment Mgmnt Fees$3,867$4,448$338$8,653
Fees for Services Accounting$1,642$1,889$144$3,675
Total Functional Expenses$9,782,170$27,669$2,105$9,811,944
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Foundation for the CarolinasCharlotte, NC501(c)(3)Trail Development$7,463,261
City of ShelbyShelby, NC170(c)(1)Trail Development$275,000
Town of RichfieldRichfield, NC170(c)(1)Trail Development$87,061
Town of CramertonCramerton, NC170(c)(1)Trail Development$86,700
Town of WadesboroWadesboro, NC170(c)(1)Trail Development$85,000
Town of SpencerSpencer, NC170(c)(1)Trail Development$50,000
Town of WaxhawWaxhaw, NC170(c)(1)Trail Development$50,000
Town of Mount PleasantMount Pleasant, NC170(c)(1)Trail Development$43,923
Friends of North Stanly Trails and ParksRichfield, NC501(c)(3)Trail Development$40,000
City of ConcordConcord, NC170(c)(1)Trail Development$30,000
City of Rock HillRock Hill, SC170(c)(1)Trail Development$30,000
Iredell County Parks & RecreationStatesville, NC170(c)(1)Trail Development$30,000
Kings Mountain Gateway Trails IncKings Mountain, NC501(c)(3)Trail Development$30,000
Town of Great FallsGreat Falls, SC170(c)(1)Trail Development$30,000
Catawba Lands ConservancyCharlotte, NC501(c)(3)Trail Development$17,760
City of Bessemer CityBessemer City, NC170(c)(1)Trail Development$15,000
Town of MarshvilleMarshville, NC170(c)(1)Trail Development$14,500
City of LowellLowell, NC170(c)(1)Trail Development$8,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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.

Filing and Contact Details

Filer

Filer Name
Carolina Thread Trail
EIN
26-1528527
Phone
7049734500
Address
220 NORTH TRYON STREET, CHARLOTTE, NC 28202

Signing Officer

Name
C Barton Landess
Title
Executive Director
Phone
7049734500
Signed
2023-08-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
C Barton Landess
Formed
2007
Legal Domicile
Nc
Voting Board Members
16
Independent Board Members
16
Employees
0
Volunteers
0

Preparer

Firm
Cherry Bekaert Advisory LLC
Address
1111 METROPOLITAN AVE STE 900, CHARLOTTE, NC 28204
Preparer
Paula Wendling
Phone
7043771678
Supplemental Narrative

Additional Explanations

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.

Financial Statement Notes

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.

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IRS990/Form990PartVIISectionAGrp/TitleTxt12VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16VICE PRESIDENT
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr02007
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt02
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt016
IRS990/GrantAmt08386205
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt08386205
IRS990/GrantsToDomesticOrgsGrp/TotalAmt08386205
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt02
IRS990/GrossReceiptsAmt0337577
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt016
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt07778269
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LegalDomicileStateCd0NC
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IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/NetAssetsOrFundBalancesEOYAmt00
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt02
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt02
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-126320
IRS990/NoncashContributionsAmt0566
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt0-3711
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt01419539
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0C BARTON LANDESS
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02824787
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0321520
IRS990/PYInvestmentIncomeAmt039
IRS990/PYOtherExpensesAmt0999963
IRS990/PYOtherRevenueAmt00
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IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt01321483
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02824826
IRS990/QuidProQuoContributionsInd00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-9474367
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE 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.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV, SECTION A, LINE 6:
IRS990ScheduleA/IRSWrittenDeterminationInd0X
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0566047886
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd07
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt07463261
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0FOUNDATION FOR THE CAROLINAS
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt07463261
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt03837675
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt03837675
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt031019
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt03423753
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt03837675
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0444941
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt026482
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt03242325
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt03423753
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt0124632
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0332542
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt027109
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt02915238
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt03242325
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt0135352
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0489548
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt028367
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt03250539
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt02915238
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt0150000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-156934
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE INTENDED USE OF THE ORGANIZATION'S ENDOWMENT FUNDS IS TO SUPPORT MAINTENANCE AND DEVELOPMENT OF TRAILS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE 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.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt017760
IRS990ScheduleI/RecipientTable/CashGrantAmt115000
IRS990ScheduleI/RecipientTable/CashGrantAmt230000
IRS990ScheduleI/RecipientTable/CashGrantAmt38000
IRS990ScheduleI/RecipientTable/CashGrantAmt430000
IRS990ScheduleI/RecipientTable/CashGrantAmt5275000
IRS990ScheduleI/RecipientTable/CashGrantAmt640000
IRS990ScheduleI/RecipientTable/CashGrantAmt77463261
IRS990ScheduleI/RecipientTable/CashGrantAmt830000
IRS990ScheduleI/RecipientTable/CashGrantAmt930000
IRS990ScheduleI/RecipientTable/CashGrantAmt1086700
IRS990ScheduleI/RecipientTable/CashGrantAmt1130000
IRS990ScheduleI/RecipientTable/CashGrantAmt1214500
IRS990ScheduleI/RecipientTable/CashGrantAmt1343923
IRS990ScheduleI/RecipientTable/CashGrantAmt1487061
IRS990ScheduleI/RecipientTable/CashGrantAmt1550000
IRS990ScheduleI/RecipientTable/CashGrantAmt1685000
IRS990ScheduleI/RecipientTable/CashGrantAmt1750000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1170(C)(1)
IRS990ScheduleI/RecipientTable/IRCSectionDesc2170(C)(1)
IRS990ScheduleI/RecipientTable/IRCSectionDesc3170(C)(1)

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