Civic Intelligence

Elizabeth River Trail Foundation

990 • Fiscal year 2021 • EIN 81-4431199

Jul 01, 2020 to Jun 30, 2021 • Filed on Dec 29, 2021

PO Box 3042Norfolk, VA 23514

(757) 739-7898

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

32nd percentile

0.01x

Higher debt load relative to assets than 32% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

73rd percentile

0.32x

Higher debt load relative to revenue than 73% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

1st percentile

-974%

Higher net margin than 1% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

2nd percentile

-35%

Faster asset growth than 2% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

5th percentile

-48%

Faster revenue growth than 5% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Down

$2,334,459

Down $1,268,254 (-35%) from 2020

Net Assets

Down

$2,303,370

Down $1,280,513 (-36%) from 2020

Liabilities

Up

$31,089

Up $12,259 (+65%) from 2020

Revenue

Down

$98,241

Down $89,016 (-48%) from 2020

Expenses

Up

$1,055,297

Up $926,672 (+720%) from 2020

Net Income

Down

-$957,056

Down $1,015,688 (-1732%) from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$3.0M$2.0M$1.0M$0Assets 2018: $2,768,907Liabilities 2018: $324Net Assets 2018: $2,768,5832018Assets 2019: $3,528,977Liabilities 2019: $3,726Net Assets 2019: $3,525,2512019Assets 2020: $3,602,713Liabilities 2020: $18,830Net Assets 2020: $3,583,8832020Assets 2021: $2,334,459Liabilities 2021: $31,089Net Assets 2021: $2,303,3702021Assets 2022: $2,195,149Liabilities 2022: $6,713Net Assets 2022: $2,188,4362022Assets 2023: $2,242,157Liabilities 2023: $6,979Net Assets 2023: $2,235,1782023Assets 2024: $2,289,356Liabilities 2024: $6,056Net Assets 2024: $2,283,3002024

Highlighted filing

2021

Assets$2,334,459
Liabilities$31,089
Net Assets$2,303,370

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2018: $2,825,877Expenses 2018: $57,554Net Income 2018: $2,768,3232018Revenue 2019: $1,218,956Expenses 2019: $109,460Net Income 2019: $1,109,4962019Revenue 2020: $187,257Expenses 2020: $128,625Net Income 2020: $58,6322020Revenue 2021: $98,241Expenses 2021: $1,055,297Net Income 2021: -$957,0562021Revenue 2022: $111,213Expenses 2022: $226,147Net Income 2022: -$114,9342022Revenue 2023: $298,980Expenses 2023: $252,238Net Income 2023: $46,7422023Revenue 2024: $397,277Expenses 2024: $349,155Net Income 2024: $48,1222024

Highlighted filing

2021

Revenue$98,241
Expenses$1,055,297
Net Income-$957,056
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Dec 29, 2021
Return Version
2020v4.0
Gross Receipts
$98,241
Mission and Program Overview

Mission

It is the mission of the elizabeth reiver trail foundation (ertf) to provide master planning, fundraising, and marketing to activate and enhance the elizabeth river trail (ert). The ertf will enhance and expand the ert as a recreational, social and education destination that improves environmental awareness, neighborhood connectivity, and innovative economic development in norofolk, virginia.

It is the mission of the elizabeth river trail foundation (ertf) to provide master planning, fundraising and marketing to activate and enhance the elizabeth river trail (ert). The ertf activates and enhances the ert through public recreational programing and amenity build-out for public usage.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$1,432,603$837,000▼ $595,603
Savings and Temporary Cash Investments$509,824$516,712▲ $6,888
Cash and Non-Interest-Bearing Accounts$950,407$419,942▼ $530,465
Land, Buildings, and Equipment, Net$12,490$336,680▲ $324,190
Total Assets$3,602,713$2,334,459▼ $1,268,254
Other Assets Total$697,389$224,125▼ $473,264
Liabilities
Other Liabilities$18,830$31,089▲ $12,259
Total Liabilities$18,830$31,089▲ $12,259
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,583,883$2,303,370▼ $1,280,513
Total Net Assets Fund Balance$3,583,883$2,303,370▼ $1,280,513
Total Liabilities and Net Assets / Fund Balance$3,602,713$2,334,459▼ $1,268,254

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$336,680$57,467$394,147
Other Assets Org$560--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Kevin MurphyChair
Charles V McphillipsChair Emerit
Mel PriceVice Chair
Chris UiterwykDirector
David SullivanDirector
Earl FraleyDirector
Jeff MillerDirector
John MatsonDirector
Kurt HofelichDirector
Liz ScheesseleDirector
Melody WebbDirector
Peter OberleDirector
Rachel MccallDirector
Theresa WhibleyDirector
Wood SeligDirector
Andria McclellanFundraising
Christine NeikirkMarketing Ch
Ann StokesSecretary
John GarrettTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$94,197
Program Service Revenue
$0
Investment Income
$4,044
Other Revenue
$0
All Other Contributions
$79,197
Change in Net Assets
$-957,056
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$921,804
Salaries, Compensation, and Employee Benefits$133,493
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$812,715$27,933-$840,648
Current Officers, Directors, Trustees, and Key Employees-$80,000-$80,000
Depreciation Depletion$54,875--$54,875
Other Salaries and Wages-$37,250-$37,250
Office Expenses-$13,009-$13,009
Payroll Taxes-$8,320-$8,320
Occupancy-$7,186-$7,186
Insurance-$6,086-$6,086
Other Employee Benefits-$4,699-$4,699
Pension Plan Contributions-$3,224-$3,224
Total Functional Expenses$867,590$187,707$0$1,055,297
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Ppp Loan$25,375
Accrued Payroll$4,885
Payroll Liabilities$693
Sales Tax Payable$136
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Annually, the foundation's board will review and approve the 990.

Form 990, Page 6, Part VI, Line 15A

The foundation hired a contractor who researched ed compensation extensively for other peer organizations. The board defines the executive director's expectations and responsibilities, and annually rate the ed's performance on a 3 and 5 point scale: from exceeded expectations to needs improvement, and from exceptional to don't know.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Elizabeth River Trail Foundation
EIN
81-4431199
Phone
7577397898
Address
PO BOX 3042, NORFOLK, VA 23514

Signing Officer

Name
John Garrett
Title
Treasurer
Phone
7577397898
Signed
2021-12-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Charles V Mcphillips
Formed
2016
Legal Domicile
Va
Voting Board Members
19
Independent Board Members
0
Employees
2
Volunteers
120

Preparer

Firm
Mark Pryor CPA LLC
Address
5267 GREENWICH RD 200, VIRGINIA BEACH, VA 23462
Preparer
Mark Pryor
Phone
7574783262
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

It is the mission of the elizabeth reiver trail foundation (ertf) to provide master planning, fundraising, and marketing to activate and enhance the elizabeth river trail (ert). The ertf will enhance and expand the ert as a recreational, social and education destination that improves environmental awareness, neighborhood connectivity, and innovative economic development in norofolk, virginia.

Form 990, Page 2, Part III, Line 4D

The eco-counters multi system has been installed at specific locations along the elizabeth river trail and elsewhere on norfolk's bike network to accurately count pedestrian and cyclist use along the trail and bike network. The system allows for the analysis of data from multiple user types over time. This system combines the passive infrared sensor and an inductive loop sensor. An intelligent subsystem analyzes the signal from both sensors in order to count and classify each user.

Form 990, Part IX, Line 11G

Trail upgrades & additions 779,849 0 0 sponsorships 19,000 0 0 advertising & marketing 0 17,018 0 repairs & maintenance 13,866 0 0 event expense 0 5,032 0 meals 0 1,783 0 memberships 0 946 0 licenses 0 850 0 cost of merchandise 0 848 0 other 0 775 0 bank & credit card fees 0 599 0 telephone 0 82 0 total 812,715 27,933 0

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IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt037250
IRS990/OtherSalariesAndWagesGrp/TotalAmt037250
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IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt08320
IRS990/PayrollTaxesGrp/TotalAmt08320
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IRS990/PensionPlanContributionsGrp/TotalAmt03224
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt01432603
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0837000
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0CHARLES V MCPHILLIPS
IRS990/PriorPeriodAdjustmentsAmt0-323457
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActyOtherGrp/Desc0THE ECO-COUNTERS MULTI SYSTEM HAS BEEN INSTALLED AT SPECIFIC LOCATIONS ALONG THE ELIZABETH RIVER TRAIL AND ELSEWHERE ON NORFOLK'S BIKE NETWORK TO ACCURATELY COUNT PEDESTRIAN AND CYCLIST USE ALONG THE TRAIL AND BIKE NETWORK. THE SYSTEM ALLOWS FOR THE ANALYSIS OF DATA FROM MULTIPLE USER TYPES OVER TIME. THIS SYSTEM COMBINES THE PASSIVE INFRARED SENSOR AND AN INDUCTIVE LOOP SENSOR. AN INTELLIGENT SUBSYSTEM ANALYZES THE SIGNAL FROM BOTH SENSORS IN ORDER TO COUNT AND CLASSIFY EACH USER.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt02380
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IRS990/PYExcessBenefitTransInd0false
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IRS990/PYOtherExpensesAmt031948
IRS990/PYRevenuesLessExpensesAmt058632
IRS990/PYSalariesCompEmpBnftPaidAmt096677
IRS990/PYTotalExpensesAmt0128625
IRS990/PYTotalRevenueAmt0187257
IRS990/ReconcilationRevenueExpnssAmt0-957056
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IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0509824
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0516712
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt094197
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0187186
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01214022
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt02824763
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt04320168
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt04115
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IRS990ScheduleA/PublicSupportPY170Pct01.00000
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0187186
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01214022
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt02824763
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04320168
IRS990ScheduleA/TotalSupportAmt04320168
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1560
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0CONSTRUCTION-IN-PROGRESS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1SECURITY DEPOSIT
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0336680
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt057467
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0394147
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt025375
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt14885
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2693
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3136
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PPP LOAN
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED PAYROLL
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2PAYROLL LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3SALES TAX PAYABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0336680
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0224125
IRS990ScheduleD/TotalLiabilityAmt031089
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0IT IS THE MISSION OF THE ELIZABETH REIVER TRAIL FOUNDATION (ERTF) TO PROVIDE MASTER PLANNING, FUNDRAISING, AND MARKETING TO ACTIVATE AND ENHANCE THE ELIZABETH RIVER TRAIL (ERT). THE ERTF WILL ENHANCE AND EXPAND THE ERT AS A RECREATIONAL, SOCIAL AND EDUCATION DESTINATION THAT IMPROVES ENVIRONMENTAL AWARENESS, NEIGHBORHOOD CONNECTIVITY, AND INNOVATIVE ECONOMIC DEVELOPMENT IN NOROFOLK, VIRGINIA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ECO-COUNTERS MULTI SYSTEM HAS BEEN INSTALLED AT SPECIFIC LOCATIONS ALONG THE ELIZABETH RIVER TRAIL AND ELSEWHERE ON NORFOLK'S BIKE NETWORK TO ACCURATELY COUNT PEDESTRIAN AND CYCLIST USE ALONG THE TRAIL AND BIKE NETWORK. THE SYSTEM ALLOWS FOR THE ANALYSIS OF DATA FROM MULTIPLE USER TYPES OVER TIME. THIS SYSTEM COMBINES THE PASSIVE INFRARED SENSOR AND AN INDUCTIVE LOOP SENSOR. AN INTELLIGENT SUBSYSTEM ANALYZES THE SIGNAL FROM BOTH SENSORS IN ORDER TO COUNT AND CLASSIFY EACH USER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANNUALLY, THE FOUNDATION'S BOARD WILL REVIEW AND APPROVE THE 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FOUNDATION HIRED A CONTRACTOR WHO RESEARCHED ED COMPENSATION EXTENSIVELY FOR OTHER PEER ORGANIZATIONS. THE BOARD DEFINES THE EXECUTIVE DIRECTOR'S EXPECTATIONS AND RESPONSIBILITIES, AND ANNUALLY RATE THE ED'S PERFORMANCE ON A 3 AND 5 POINT SCALE: FROM EXCEEDED EXPECTATIONS TO NEEDS IMPROVEMENT, AND FROM EXCEPTIONAL TO DON'T KNOW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5TRAIL UPGRADES & ADDITIONS 779,849 0 0 SPONSORSHIPS 19,000 0 0 ADVERTISING & MARKETING 0 17,018 0 REPAIRS & MAINTENANCE 13,866 0 0 EVENT EXPENSE 0 5,032 0 MEALS 0 1,783 0 MEMBERSHIPS 0 946 0 LICENSES 0 850 0 COST OF MERCHANDISE 0 848 0 OTHER 0 775 0 BANK & CREDIT CARD FEES 0 599 0 TELEPHONE 0 82 0 TOTAL 812,715 27,933 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
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IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03602713
IRS990/TotalAssetsEOYAmt02334459
IRS990/TotalAssetsGrp/BOYAmt03602713
IRS990/TotalAssetsGrp/EOYAmt02334459
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt094197
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0187707
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0867590
IRS990/TotalFunctionalExpensesGrp/TotalAmt01055297
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesEOYAmt031089
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IRS990/TotalOtherProgSrvcExpenseAmt02380
IRS990/TotalProgramServiceExpensesAmt0867590
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt04044
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt098241
IRS990/TotalVolunteersCnt0120
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IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0150 W MAIN STREET
IRS990/USAddress/CityNm0NORFOLK
IRS990/USAddress/StateAbbreviationCd0VA
IRS990/USAddress/ZIPCd023510
IRS990/VotingMembersGoverningBodyCnt019
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0WWW.ELIZABETHRIVERTRAIL.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-03-31 18:45:55Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JOHN GARRETT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum07577397898
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-12-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ELIZABETH RIVER TRAIL FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0ELIZ
ReturnHeader/Filer/EIN0814431199
ReturnHeader/Filer/PhoneNum07577397898
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 3042
ReturnHeader/Filer/USAddress/CityNm0NORFOLK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VA
ReturnHeader/Filer/USAddress/ZIPCd023514
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0863802381
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MARK PRYOR CPA LLC

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