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Home My WebLink About20241426.tiffPOUDRE RIVER TRAIL FIND YOURSELF IN NATURE May 13, 2024 Weld County Board of County Commissioners 1150 O Street Greeley, CO 80632 Dear Commissioners, RECEIVED MAY 29 2024 WELD COUNTY COMMISSIONERS The Poudre River Trail Corridor Board of Directors would like to present you with our Annual Community Report for 2022-2023 and Ending Financials for 2023. These documents meet our annual requirement per our IGA. This past year, the Poudre Trail has been able to accomplish many things. The Endowment that was established in 2021, has now doubled, to over $43,000. We have also increased our participation in events, including Poudre Trail Days, the Trail-Athon, and the Full Moon Bike Ride from 2022 to 2023. With your help, we hope to continue to increase our donations and involvement in trail activities and future events. We wanted to express our gratitude for your support and let you know that we are available to answer any questions. I may be contacted at 970-302-9935 or dale.hall@greeleygov.com, or please contact Barry Wilson, Executive Director, at 970-381-6250 or director@poudretrail.org. Sincerely, Date X.NQee Dale K. Hall Poudre River Trail Corridor Board Chair www.poudretrail.org I 970.381.6250 I P.O. Box 388, Windsor, CO 80550 I 5011c)3 corporation Co un:Go--}Tons o6(oS/24 2024-1426 t3C ooS5 �V 2022 POUDRE RIVER TRAIL FIND YOURSELF IN NATURE COMMuN 2023 T PORT Exciting things are happening for the trail thanks to the work of the Poudre River Trail Cooridor Board. Visitors along the trail continue to increase affirming the need to preserve and main- tain this valuable connection to nature. In 2023, the board hired an executive director, Barry Wilson, to begin managing trail fundraisinc and events as well as handle the day-to-day trail o perations. Events continue to provide fundraising o pportunities, and donations through events, such as Colorado Gives Day, continue to grow. The Endowment reached a new milestone in 2023 - doubling since its inception in 2021 to a total of $43,000. In January of 2024, the board was prouc to honor two long-time friends and board members o f the trail, Bill Hertneky and Fred Otis, as they transitioned off the board. Barry Wilson joined the Poudre River Trail Corridor in 2023 as the Executive Director. He is an Iowa State University graduate and holds an IV BA. Barry had a 20 -year career at Hewlett-Packard and was a small business owner in Windsor prior to joining the Poudre River Trail team. He is passionate about parks, trails, and open space and is excited about connecting Greeley and Windsor to Timnath and Fort Collins. Barry and his wife, Lei Ann, live along the trail and explore it often on their bikes and with their dog, Ace. Their 3 kids grew up along the trail, Reece is now a college graduate and Lindsey & Parker are currently in college. Barry has served on the Windsor Town Board for 6 years and was elected as the N ayor of Windsor in Apri/ of 2024 He looks forward to seeing you on the trail! MILESTONES ALONG THE TRAIL • Red Barn Master Plan - 2022. • Poucre River Trail East Expansion Plan (Greeley to the confluence with the South Platte River) - 2023. • Lockhart Memorial Grainery / Picnic Shelter at the Red Barn (to beconstructec but fundraising and planning occurred in 2022-2023). • Archery Range at Kodak Trailhead (Windsor, 2023). • Poudre River Rafting Experience at Eastman Park (Windsor, 2022). • Bob Frank Memorial Bench (Built in 2023, plaque installed in 2024). • Purchased new trishaw 2022 in 2024, TRAIL ENDOWMENT FUND GROWS The Poudre River Trail Corricor is a 501(c)(3) nonprofit organization and relies on generous donors and fundraising to fund our projects and events. An endowment is a tax-ceauctible donation to a nonprofit organization. The fund is a permanent, self-sustaining source of fundinc. Endowment assets are investec, and interest or dividends generated from the endowment can be paid out to support the fund's purpose, without drawing on the principal amount of the original donations. An endowment is the gift that keeps on givinc! We started our endowment in 2022 with S20,000 and coubled its size in 2023. We have ambitious goals for the future so we can preserve and improve the Poudre Rive Trail for future generations. We need your help! When donatinc to the Poudre River Trail endowment fund, in your name or in honor or in memory of a loved one, you are providing future generations the opportunity to remember and celebrate your values and generous spirit. You can donate durinc your lifetime, over a period of years, or all at once. Many donors start with a mocest gift and add to their gift through their wills, living trusts, or other gift designations. To make a cirect donation in honor or memoriam, please contact the Welc Community Foundation and note your interest in a contribution to the Poudre River Trail Corridor Fund. You can contact the Foundation at: www.weldcommunityfoundation.org. For additional information, please contact our Executive Director at 970-381-6250 or at director@poudretrail.org. I f CYCLING WITHOUT AGE 2022: 333 rides 2023: 378 rides TRAI L-ATHON 2022: 158 participants 2023: 316 particpants .. . tikt i koto POUDRE TRAIL DAYS 2022: 20 participants 2023: 84 participants FULL MOON BIKE RIDE 2022: 20 participants 2023: 77 participants EST. NUMBER of TRAIL USERS FUNDS RAISED 2022: 632,910 2023: $205,396 ENDOWMENT BALANCE $43,000 More than double of beginning balance in 2021 BOARD MEMBER SPOTLIGHT Lee Morehead, Northern Colorado Business and Real Estate Attorney I was born and raised in Greeley and have called Windsor home for the last nine years. I am honored to represent the residents of Windsor on the Poudre River Trial Corridor. My connection to the Poudre River Trail is both personal and professional. My grandfather, a donor, took great pride in the Poudre River Trail. Professionally, a mentor of mine, Fred Otis, is one of the key figures in the trail's history. I am thrilled for the opportunity to make the Trail even more popular and even more amazing asset for all of our communities. My love for the outdoors and open spaces started young with Boy Scouts of America. From there, my passion grew when attended Vermont Law School and received my law degree with honors. Making my way back home, I've been practicing law for 12 years in the areas of real estate and business. I believe I can be of value to the Poudre River Trail Corridor and the residents of Windsor with my passion for the outdoors and community, as well as my legal background. Janet Meisel -Burns, Retired Landscape Architect I was raised with a great appreciation of nature and the Colorado lifestyle. Born and raised in NoCO, much of my youth was spent horseback riding, fishing or boating in State or county parks. I learned to explore and appreciate nature, while camping and hiking in the wilderness and our beautiful national forests. Still an avid cyclist and hiker, my most treasured memories are spending time in nature. My appreciation of Colorado, led me to study Landscape Architecture at CSU (1983) and gave me the opportunity to design and build new parks and trails in Fort Collins and Loveland for most of my career. Moving to Wincsor in 2002 provided me with the great pleasure of riding or walking along the Poudre River Trail and provided me opportunities to explore more of our treasured resources - the river, natural areas and reclaimed gravel ponds. Building great civic spaces or providing access to open space via trails is makes me happy and has been my passion, both personally and professionally. After 35 years of designing and constructing trails and parks in Colorado, I've retired and now am able to lend my skills with the Poudre River Trail Corridor, Inc. I hope to help provide advice and guidance on new connections, resource planning and the preservation of the Poudre River Trail! Poudre River Trail Corridor Inc Balance Sheet As of December 31, 2023 Dec 31, 23 ASSETS Current Assets Checking/Savings Bank of Colorado Checking Money Market Account Total Checking/Savings Other Current Assets Weld Community Foundation Fund Total Other Current Assets 28,434.34 285,298.93 313,733.27 27,371.70 27,371.70 Total Current Assets 341,104.97 Fixed Assets Capital Improvements Equipment Accumulated Depreciation Total Fixed Assets 5,091,600.00 25,261.69 -25,261.69 5,091,600.00 TOTAL ASSETS 5,432,704.97 LIABILITIES & EQUITY Liabilities Current Liabilities Other Current Liabilities Payroll Liabilities Federal withholding 1,007.28 Social security 1,730.80 Medicare 404.78 State withholding 1,077.00 FUTA 42.00 CO FAMLI withholding 126.14 Simple IRA 322.74 Total Payroll Liabilities 4,710.74 Total Liabilities 4,710.74 Equity Unrestricted balance 5,379,362.05 Restricted Funds Restricted Lockhart Fund 28,665.00 Restricted Board/Frank, Wayfind 5,500.00 Restricted IG Grant 2,498.93 Restricted CWA 336.43 Restricted Endowment 10,000.00 Total Restricted Funds Net Income Total Equity TOTAL LIABILITIES & EQUITY 47,000.36 1,631.82 5,427,994.23 5,432,704.97 Page 1 Poudre River Trail Corridor Inc Profit & Loss January through December 2023 Jan - Dec 23 Ordinary Income/Expense Income Intergovernmental Agreements Greeley Windsor Weld County Total Intergovernmental Agreements Development Income Contributions - Private Unrestricted Contributions - Private - Other Total Contributions - Private Memorials/Tributes Special Events Party for the Poudre Total Special Events Total Development Income Total Income Expense Administration Expenses Salaries Payroll taxes Workers Compensation Simple IRA Bank fees/Payroll expenses Board development Insurance IT Services Marketing/General Memberships, Subscriptions, pub Office Space / PO Box Office Supplies Outside Printing Postage Professional Services State Licenses, registrations Telephone Total Administration Expenses Development Expenses Donor Software Memorial/Tributes Special Events Party for the Poudre Trailathon Special Events - Other Total Special Events Total Development Expenses Trail Projects Capital Improvement Projects Professional Services Poudre East study Red Barn master plan Total Professional Services 32,000.00 32,000.00 67,000.00 131,000.00 19,428.66 8,417.25 27,845.91 29,800.34 11,307.45 11,307.45 68,953.70 199,953.70 107,778.00 8,287.02 1,084.00 1,506.12 112.93 2,431.53 1,220.00 204.34 883.03 159.56 4,033.00 4,228.94 1.50 216.85 2,375.00 30.00 1,592.27 136,144.09 61.34 975.00 7,189.50 4,828.30 577.24 12,595.04 13,631.38 38,000.00 11,034.50 2,250.00 13,284.50 Page 1 Poudre River Trail Corridor Inc Profit & Loss January through December 2023 Jan - Dec 23 Small ItemslTools Total Trail Projects Cycling Without Age Bike maintenance and repair Insurance Cycling Without Age - Other Total Cycling Without Age Total Expense Net Ordinary Income Other Income/Expense Other Income Interest income Unrealized gain WCF Total Other Income Net Other Income Net Income 1,534.01 52,818.51 390.00 757.63 22.50 1,170.13 203,764.11 -3,810.41 4,070.53 1,371.70 5,442.23 5,442.23 1,631.82 Page 2 Hello