Civic Intelligence

Western States Trail Endowment Fund

EIN 68-0470208 • 501(c)3 • Auburn, CA

Profile

The organization was created as a supporting organization for the Western States Trail Foundation. Its main purpose is to manage the endowment fund for use in the future charitable purposes of the Western States Trail, such as preservation and maintenance of the historic trail.

150 A Gum Lane 103Auburn, CA 95603

teviscup.org

Siviq Scores

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

Liabilities / Assets

33rd percentile

0.00x

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

501(c)3 • $500k-$1M nonprofits • Source year 2025

Liabilities / Revenue

35th percentile

0.00x

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

501(c)3 • $500k-$1M nonprofits • Source year 2025

Net Margin

21st percentile

-13%

Higher net margin than 21% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Top Officer Pay

55th percentile

$0

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Asset Growth

60th percentile

7.3%

Faster asset growth than 60% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2024 to 2025

Revenue Growth

45th percentile

3.9%

Faster revenue growth than 45% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2024 to 2025

Assets

Down

$767,532

Down $34,098 (-4.3%) from 2022

Liabilities

Flat

$1,500

Flat from 2022

Net Assets

Down

$766,032

Down $34,098 (-4.3%) from 2022

Revenue

Up

$7,426

Up $45,129 (+120%) from 2022

Expenses

Up

$113,103

Up $23,418 (+26%) from 2022

Net Income

Up

-$105,677

Up $21,711 (+17%) from 2022

Trend Graphs

Balance Sheet Trend

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

$1.0M$500K$0Assets 2010: $488,323Net Assets 2010: $488,3232010Assets 2011: $515,017Liabilities 2011: $0Net Assets 2011: $515,0172011Assets 2012: $640,893Liabilities 2012: $3,377Net Assets 2012: $637,5162012Assets 2013: $767,596Liabilities 2013: $1,500Net Assets 2013: $766,0962013Assets 2014: $885,541Liabilities 2014: $1,500Net Assets 2014: $884,0412014Assets 2015: $650,185Liabilities 2015: $4,394Net Assets 2015: $645,7912015Assets 2016: $700,901Liabilities 2016: $1,561Net Assets 2016: $699,3402016Assets 2017: $807,597Liabilities 2017: $1,158Net Assets 2017: $806,4392017Assets 2018: $754,624Liabilities 2018: $0Net Assets 2018: $754,6242018Assets 2019: $826,202Liabilities 2019: $0Net Assets 2019: $826,2022019Assets 2020: $880,023Liabilities 2020: $1,500Net Assets 2020: $878,5232020Assets 2021: $993,251Liabilities 2021: $1,500Net Assets 2021: $991,7512021Assets 2022: $801,630Liabilities 2022: $1,500Net Assets 2022: $800,1302022Assets 2023: $767,532Liabilities 2023: $1,500Net Assets 2023: $766,0322023

Highlighted filing

2023

Assets$767,532
Liabilities$1,500
Net Assets$766,032

Operations Trend

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

$400K$200K$0-$200K-$400KRevenue 2010: $66,290Expenses 2010: $12,166Net Income 2010: $54,1242010Revenue 2011: $46,301Expenses 2011: $28,057Net Income 2011: $18,2442011Expenses 2012: $33,4862012Revenue 2013: $159,751Expenses 2013: $16,946Net Income 2013: $142,8052013Revenue 2014: $158,085Expenses 2014: $31,893Net Income 2014: $126,1922014Revenue 2015: $56,881Expenses 2015: $277,343Net Income 2015: -$220,4622015Revenue 2016: $44,199Expenses 2016: $14,937Net Income 2016: $29,2622016Revenue 2017: $154,288Expenses 2017: $51,899Net Income 2017: $102,3892017Revenue 2018: $24,627Expenses 2018: $42,018Net Income 2018: -$17,3912018Revenue 2019: $55,076Expenses 2019: $20,178Net Income 2019: $34,8982019Revenue 2020: $82,025Expenses 2020: $13,972Net Income 2020: $68,0532020Revenue 2021: $135,665Expenses 2021: $15,684Net Income 2021: $119,9812021Revenue 2022: -$37,703Expenses 2022: $89,685Net Income 2022: -$127,3882022Revenue 2023: $7,426Expenses 2023: $113,103Net Income 2023: -$105,6772023

Highlighted filing

2023

Revenue$7,426
Expenses$113,103
Net Income-$105,677

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$7.68$0.02$7.66$0.07$1.13$1.06
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.02$0.02$8.00$0.38$0.90$1.27
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.93$0.02$9.92$1.36$0.16$1.20
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.80$0.02$8.79$0.82$0.14$0.68
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.26$0.00$8.26$0.55$0.20$0.35
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.55$0.00$7.55$0.25$0.42$0.17
2017Summary only. Only limited summary data is available for this year.$8.08$0.01$8.06$1.54$0.52$1.02
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.01$0.02$6.99$0.44$0.15$0.29
2015Detailed filing. Detailed filing data is available for this year.$6.50$0.04$6.46$0.57$2.77$2.20
2014Detailed filing. Detailed filing data is available for this year.$8.86$0.02$8.84$1.58$0.32$1.26
2013Summary only. Only limited summary data is available for this year.$7.68$0.02$7.66$1.60$0.17$1.43
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.41$0.03$6.38$0.33
2011Summary only. Only limited summary data is available for this year.$5.15$0.00$5.15$0.46$0.28$0.18
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.88$4.88$0.66$0.12$0.54
Latest Detailed Filing

The latest 2023 filing currently has summary financial data only. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
May 11, 2023
Return Version
2022v5.0
Gross Receipts
$2,644,424
Mission and Program Overview

Mission

The organization was created as a supporting organization for the Western States Trail Foundation. Its main purpose is to manage the endowment fund for use in the charitable purposes of the Western States Trail, such as preservation and maintenance of the historic trail.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$900,332$714,715▼ $185,617
Investments Other Securities$75,126$74,017▼ $1,109
Savings and Temporary Cash Investments$12,737$6,773▼ $5,964
Cash and Non-Interest-Bearing Accounts$4,670$6,125▲ $1,455
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$993,251$801,630▼ $191,621
Other Assets Total$386$0▼ $386
Liabilities
Accounts Payable and Accrued Expenses$1,500$1,500→ $0
Total Liabilities$1,500$1,500→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$588,287$588,287→ $0
Net Assets Without Donor Restrictions$403,464$211,843▼ $191,621
Total Net Assets Fund Balance$991,751$800,130▼ $191,621
Total Liabilities and Net Assets / Fund Balance$993,251$801,630▼ $191,621

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$538,961---$538,961
2021$538,961---$538,961
2020$519,459$19,502--$538,961
2019$510,744$8,715--$519,459
2018$529,410$6,600▼ $25,266-$510,744
Compensation and Service Providers

Board Members and Trustees

NameTitle
Crysta TurnagePresident
Kathie PerryVice President
Bob MarxDirector
Jeff HertenDirector
Jennie SmithDirector
Roxanne GreeneDirector
Tony BenedettiDirector
Abigail MaddenSecretary
Mike PickettTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,500
Program Service Revenue
$0
Investment Income
$-41,203
Other Revenue
$0
All Other Contributions
$3,500
Change in Net Assets
$-127,388
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$89,685
Total Fundraising Expense$662
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Payments to Affiliates$73,148--$73,148
Fees for Service Investment Mgmnt Fees$8,492--$8,492
Fees for Services Accounting$1,500$1,500-$3,000
Conferences and Meetings$2,710--$2,710
Fees for Services Other$294$147$147$588
Office Expenses$20$10$9$39
Other Expenses$3$2$1$6
Total Functional Expenses$86,965$2,058$662$89,685
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
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

Treasurer reviews the return before signing and filing

Form 990, Part VI, Section C, Line 19

Available to general public upon request and on file with State.

Filing and Contact Details

Filer

Filer Name
Western States Trail Endowment Fund
EIN
68-0470208
Phone
5304772005
Address
150 A Gum Lane 103, Auburn, CA 95603

Signing Officer

Name
Michael H Pickett
Title
Treasurer
Signed
2023-05-11
Discuss with paid preparer
Yes

Organization Details

Formed
2000
Legal Domicile
CA
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
10

Preparer

Firm
Suzanne H Peterson CPA
Address
12911 Erin Drive, Auburn, CA 95603
Preparer
Suzanne Peterson
Phone
5308878707
Supplemental Narrative

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

See Mission Statement and Program Service Accomplishments"Adopt The Trail" program solicits funds at the rate of $1.00 per foot of the 100 mile Western States Trail. The principal up to 500,000 may not be spent, however dividend and interest earnings from investments are not restricted and may be spent to provide support to the Western States Trail Foundation in preserving the historical trail and its uses which includes the historical one day equine ride, the "Tevis Cup" Ride.

Raw XML AppendixShowing 400 of 443 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-62820
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-64233
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0403464
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0211843
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/FundraisingAmt09
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt010
IRS990/OfficeExpensesGrp/ProgramServicesAmt020
IRS990/OfficeExpensesGrp/TotalAmt039
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0386
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Shared Overhead
IRS990/OtherExpensesGrp/Desc1Merchant Fees
IRS990/OtherExpensesGrp/Desc2Licenses & Fees
IRS990/OtherExpensesGrp/Desc3Postage and Shipping
IRS990/OtherExpensesGrp/FundraisingAmt0375
IRS990/OtherExpensesGrp/FundraisingAmt1107
IRS990/OtherExpensesGrp/FundraisingAmt223
IRS990/OtherExpensesGrp/FundraisingAmt31
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0375
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt124
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt22
IRS990/OtherExpensesGrp/ProgramServicesAmt0750
IRS990/OtherExpensesGrp/ProgramServicesAmt148
IRS990/OtherExpensesGrp/ProgramServicesAmt23
IRS990/OtherExpensesGrp/TotalAmt01500
IRS990/OtherExpensesGrp/TotalAmt1107
IRS990/OtherExpensesGrp/TotalAmt295
IRS990/OtherExpensesGrp/TotalAmt36
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt073148
IRS990/PaymentsToAffiliatesGrp/TotalAmt073148
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0Adopt-The-Trail Program: Management of investment activity consisted of selling $2,610,638 of various securities resulting in a realized loss of $62,820. Most proceeds were re-invested. Dividends and cash liquidation distributions of $30,672 were received on investments. The organization's investments' market value ended the year with an unrealized loss of $64,233.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt011107
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt056012
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt079653
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt015684
IRS990/PYRevenuesLessExpensesAmt0119981
IRS990/PYTotalExpensesAmt015684
IRS990/PYTotalRevenueAmt0135665
IRS990/QuidProQuoContributionsInd0false
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IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-127388
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt012737
IRS990/SavingsAndTempCashInvstGrp/EOYAmt06773
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
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IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd0true
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Board ensures that all funds used are by supported organization in one of its primary programs, under its exempt purpose. Invoices are provided by supported organization to verify direct use of specific fund requests.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Part IV, Section A, Line 3c: Explain What Controls The Organization Put In Place
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IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0Western States Trail Foundation
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IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0538961
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0538961
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IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0538961
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0519459
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt019502
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0538961
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0510744
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IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0529410
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0See Mission Statement and Program Service Accomplishments"Adopt The Trail" program solicits funds at the rate of $1.00 per foot of the 100 mile Western States Trail. The principal up to 500,000 may not be spent, however dividend and interest earnings from investments are not restricted and may be spent to provide support to the Western States Trail Foundation in preserving the historical trail and its uses which includes the historical one day equine ride, the "Tevis Cup" Ride.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part V, Line 4: Intended uses of the endowment fund.
IRS990ScheduleD/TotalBookValueSecuritiesAmt074017
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Treasurer reviews the return before signing and filing
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Available to general public upon request and on file with State.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
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IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
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IRS990/TaxablePartyNotificationInd0false
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IRS990/TotalAssetsGrp/BOYAmt0993251
IRS990/TotalAssetsGrp/EOYAmt0801630
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IRS990/TotalVolunteersCnt010
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0801630
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false

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