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Massachusetts · Nonprofit

SQUANNACOOK GREENWAYS

SQUANNACOOK GREENWAYS (Massachusetts) receives grants from 3 organizations whose IRS filings report $25,199 to it, the largest being COMMUNITY FOUNDATION OF NORTH CENTRAL MA ($24,080). 2 of them have funded it in more than one year, and 100% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.

Revenue FY2025
$121k
Funders on record
3
Grants received
$25k
Net assets
$154k
2/3 repeat funderspeak grant-dependency 27%
01What it does

What Squannacook Greenways does

Mission

Squannacook Greenways' goal is to build, maintain, and promote the Squannacook River Rail Trail (SRRT) as a source of recreation and safe non-motorized transportation. The Squannacook River Rail Trail is a proposed conversion of approximately 3.7 miles of abandoned railroad in Townsend and Groton Massachusetts into a recreational trail based on the successful model of the Wachusett Greenways. The stone dust trail will provide a safe alternative to bike-unfriendly Route 119 and an enjoyable route for human-powered travel between important natural, historic, and cultural landmarks. The SRRT has potential to become a long-distance trail extending to the Nashua River Rail Trail in Ayer, Massachusetts and to the Mason-Greenville Railroad Trail in New Hampshire. This rail trail would be used by the public without fees, as specified in Article II of our articles of incorporation.

As stated on its FY2025 Form 990.

Programs

  1. Construction of the fourth of four phases of the Squannacook River Rail Trail was completed in spring 2023, with a total of 3.7 miles open. The rail trail has already become a beloved part of the area. A large opening ceremony was held June 1, 2024, attended by hundreds of people and our state representatives. The trail continues to be deeply beloved by the community. In 2025, in addition to maintaining the existing trail, we also started planning for extensions to both ends of the trail. We won a grant and signed contracts with engineering firms.

    $7,393 spentof which $120,000 as grants$121,200 earned by the program
    100% of program spending
  2. Other program services, not described on the e-filed return.

    $0 spent
    0% of program spending

The 2 programs described on its FY2025 Form 990, listed largest first by expense. Program spending in total: $7,393.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($55k) Expenses 100 ($5k) Net assets 100 ($118k)2018 Revenue 11 ($6k) Expenses 136 ($7k) Net assets 99 ($117k)2019 Revenue 79 ($43k) Expenses 427 ($21k) Net assets 118 ($140k)2020 Revenue 229 ($126k) Expenses 2700 ($132k) Net assets 113 ($133k)2021 Revenue 135 ($74k) Expenses 2951 ($144k) Net assets 54 ($63k)2022 Revenue 562 ($308k) Expenses 5771 ($282k) Net assets 75 ($89k)2023 Revenue 576 ($316k) Expenses 7666 ($375k) Net assets 25 ($30k)2024 Revenue 64 ($35k) Expenses 498 ($24k) Net assets 34 ($41k)2025 Revenue 221 ($121k) Expenses 152 ($7k) Net assets 131 ($154k)
'17'18'19'20'21'22'23'24'25
Revenue (221)Expenses (152)Net assets (131)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2023 to 2024, from $277k to $41k (−85%).

$118k
$117k
$140k
$133k
$63k
$214k
$277k
$41k
$154k
'17'18'19'20'21'22'23'24'25
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2017 0% · 2018 0% · 2019 64% · 2020 91% · 2021 0% · 2022 90% · 2023 89% · 2024 85% · 2025 99%. Grants only. Government contracts and fees sit inside program revenue.

100% of SQUANNACOOK GREENWAYS’s revenue is contributions — more reliant on donations than three-quarters of its peers (18% for the typical peer).

This organization
Typical peer · 16,168 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 4 of the last 9 reported years ran a deficit.

$50k
’17
−$685
’18
$22k
’19
−$6k
’20
−$70k
’21
$26k
’22
−$59k
’23
$11k
’24
$114k
’25
6.9
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

'17'18'19'20'21'22'23'24'25
Listed1010991011111010
Joined·+0+2+0+1+2+0+1+1
No longer listed·03001021
03Who funds it

Who funds it, year by year

2017 → 2023: the base held at 1 funder, grant income fell $15k → $228.

Funder
'17
'20
'21
'22
'23
'25*
total
funders
1
1
1
2
1
1

2 of 3 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 100% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of SQUANNACOOK GREENWAYS’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

SQUANNACOOK GREENWAYS leans on a few funders — its largest provides 96% of grant income and the top three 100%; half comes from just 1 funder.

the vertical line marks half of all grant income — 1 funder to its left

100% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund SQUANNACOOK GREENWAYS.

96%
largest funder
100%
top three
~1
effective funders

Largest funder’s share by year: 2017 100% · 2020 100% · 2021 100% · 2022 81% · 2023 100% — broadly stable.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

100% of SQUANNACOOK GREENWAYS's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $75 that is directly attributable, 100% of it comes from funders outside Massachusetts, across 1 state.

NY

Funder states come from each funder’s own filing. $25k arriving through sponsors registered in 2 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

SQUANNACOOK GREENWAYS is better cushioned than half of the 10,453 recreation & sports nonprofits its size.

Operating margin94% · outside the comparable range
Months of reserve6.9mo · above the median
Revenue growth (annualized)10% · above the median

this organization peer median middle 50% of peers· 10,453 recreation & sports nonprofits $100k–$1M, FY2025

Government funding SQUANNACOOK GREENWAYS receives

Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $586k on record.

State$586k
18
19
20
21
22
23
24
Top programs
  • (PP) STATE AID/POL SUB$586k

Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.

Organizations like SQUANNACOOK GREENWAYS

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Massachusetts

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

99% of spending goes to programs.

Program 99%Management 1%Fundraising 0%

Governance

10
board members
100%
independent
✓Conflict-of-interest policy–Whistleblower policy✓Document retention✓Board reviewed the 990–Audited financials

Public support

100%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 1 state

MA

Screen this organization

A dated, signed PDF of the compliance screen for SQUANNACOOK GREENWAYS: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds SQUANNACOOK GREENWAYS?
SQUANNACOOK GREENWAYS (Massachusetts) receives grants from 3 organizations whose IRS filings report $25,199 to it, the largest being COMMUNITY FOUNDATION OF NORTH CENTRAL MA ($24,080). 2 of them have funded it in more than one year, and 100% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
How many funders does SQUANNACOOK GREENWAYS have?
IRS filings report 3 organizations giving $25,199 in grants to SQUANNACOOK GREENWAYS, 2 of which have funded it in more than one year.
Who is the largest funder of SQUANNACOOK GREENWAYS?
COMMUNITY FOUNDATION OF NORTH CENTRAL MA is the largest funder on record, with $24,080 in grants. The full list of funders is on this page.
How can an organization like SQUANNACOOK GREENWAYS find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Massachusetts. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Squannacook Greenways →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 3 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing