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Nonprofiteer
← AMERICAN FARMLAND TRUST

Form 990 for tax year 2022

Filed by AMERICAN FARMLAND TRUST.

Totals

Total revenue
$34,930,764
Total expenses
$33,252,655
Contributions and grants received
$33,759,252
Grants paid
$2,687,116
Program service revenue
$9,324
Investment income
$1,058,895
Other revenue
$103,293
Total assets, end of year
$78,028,581
Total liabilities, end of year
$15,411,911
Net assets or fund balances, end of year
$62,616,670
Program services expenses (Part IX)
$28,320,629
Management and general expenses
$1,102,436
Fundraising expenses
$3,829,590
Program service expenses (Part III)
$28,320,629

Program services were 85.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $11,444

  • 1b · Membership dues

    $2,266,375

  • 1e · Government grants (contributions)

    $10,669,076

  • 1f · All other contributions, gifts and grants

    $20,812,357

  • 1g · Noncash contributions included above

    $2,109,265

  • 2a · Program service revenue: CONFERENCES

    total $9,324 · related or exempt $9,324

  • 3 · Investment income

    total $924,255 · excluded $924,255

  • 5 · Royalties

    total $11,154 · excluded $11,154

  • 7a · Gross sales of assets other than inventory

    securities $5,752,972 · other assets $1,372,970

  • 7b · Less cost or other basis and sales expenses

    securities $5,576,902 · other assets $1,414,400

  • 7c · Gain or loss

    securities $176,070 · other assets -$41,430

  • 7d · Net gain or loss

    total $134,640 · excluded $134,640

  • 10a · Gross sales of inventory

    $27,559

  • 10b · Cost of goods sold

    $14,537

  • 10c · Net income from sales of inventory

    total $13,022 · related or exempt $13,022

  • 11a · Other revenue: SUBLEASE INCOME

    total $63,780 · excluded $63,780

  • 11b · Other revenue: MISCELLANEOUS

    total $12,138 · excluded $12,138

  • 11c · Other revenue: REBATES AND REIMBURSEM

    total $3,199 · excluded $3,199

  • 11e · Other revenue, total

    $79,117

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,287,062 · program services $2,287,062

  • 2 · Grants to domestic individuals

    total $400,054 · program services $400,054

  • 5 · Compensation of officers, directors and key employees

    total $1,385,296 · program services $945,812 · management and general $233,374 · fundraising $206,110

  • 7 · Other salaries and wages

    total $14,159,723 · program services $11,886,870 · management and general $288,983 · fundraising $1,983,870

  • 8 · Pension plan contributions

    total $1,135,372 · program services $951,693 · management and general $21,063 · fundraising $162,616

  • 9 · Other employee benefits

    total $1,693,317 · program services $1,406,996 · management and general $47,050 · fundraising $239,271

  • 10 · Payroll taxes

    total $1,130,726 · program services $934,884 · management and general $36,338 · fundraising $159,504

  • 11b · Fees: legal

    total $92,805 · program services $71,437 · management and general $14,372 · fundraising $6,996

  • 11c · Fees: accounting

    total $70,743 · program services $54,455 · management and general $10,955 · fundraising $5,333

  • 11d · Fees: lobbying

    total $47,350 · program services $45,558 · management and general $541 · fundraising $1,251

  • 11e · Fees: professional fundraising services

    total $269,068 · fundraising $269,068

  • 11f · Fees: investment management

    total $59,079 · management and general $59,079

  • 11g · Fees: other

    total $2,119,986 · program services $2,084,927 · management and general $35,059

  • 12 · Advertising and promotion

    total $622,079 · program services $456,277 · management and general $111,518 · fundraising $54,284

  • 13 · Office expenses

    total $2,200,822 · program services $2,033,697 · management and general $4,026 · fundraising $163,099

  • 14 · Information technology

    total $475,570 · program services $437,961 · management and general $18,317 · fundraising $19,292

  • 16 · Occupancy

    total $494,336 · program services $394,196 · management and general $67,006 · fundraising $33,134

  • 17 · Travel

    total $1,148,744 · program services $956,212 · management and general $43,936 · fundraising $148,596

  • 19 · Conferences, conventions and meetings

    total $1,018,016 · program services $847,395 · management and general $38,936 · fundraising $131,685

  • 20 · Interest

    total $613,922 · program services $529,045 · fundraising $84,877

  • 22 · Depreciation, depletion and amortization

    total $220,581 · program services $161,962 · management and general $39,294 · fundraising $19,325

  • 23 · Insurance

    total $110,092 · program services $91,421 · management and general $12,558 · fundraising $6,113

  • 24a · Other expenses: NEWSLETTER & PUBLISHING

    total $584,202 · program services $491,667 · management and general $178 · fundraising $92,357

  • 24b · Other expenses: CONSERV. EASEMENT COSTS

    total $491,473 · program services $491,473

  • 24c · Other expenses: MEMBERSHIP & DUES

    total $148,381 · program services $126,361 · management and general $6,977 · fundraising $15,043

  • 24d · Other expenses: LICENSES & FEES

    total $133,467 · program services $113,660 · management and general $6,276 · fundraising $13,531

  • 24e · All other expenses

    total $140,389 · program services $119,554 · management and general $6,600 · fundraising $14,235

  • 26 · Joint costs (an allocation of the lines above)

    total $2,901,644 · program services $2,477,135 · management and general $0 · fundraising $424,509

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $449,013 · end of year $305,049

  • 2 · Savings and temporary cash investments

    beginning of year $4,076 · end of year $335,712

  • 3 · Pledges and grants receivable

    beginning of year $14,733,245 · end of year $21,737,893

  • 8 · Inventories for sale or use

    beginning of year $31,239 · end of year $53,943

  • 9 · Prepaid expenses and deferred charges

    beginning of year $368,517 · end of year $250,585

  • 10a · Land, buildings and equipment: cost or other basis

    $19,517,000

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,230,301

  • 10c · Land, buildings and equipment, net

    beginning of year $17,294,491 · end of year $18,286,699

  • 11 · Investments: publicly traded securities

    beginning of year $25,141,717 · end of year $24,448,126

  • 12 · Investments: other securities

    beginning of year $11,890,562 · end of year $11,765,746

  • 15 · Other assets

    beginning of year $36,197 · end of year $844,828

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,011,099 · end of year $3,879,355

  • 19 · Deferred revenue

    beginning of year $46,924 · end of year $282,609

  • 23 · Secured mortgages and notes payable

    beginning of year $7,220,222 · end of year $10,724,206

  • 25 · Other liabilities

    beginning of year $566,574 · end of year $525,741

  • 27 · Net assets without donor restrictions

    beginning of year $23,121,964 · end of year $19,123,726

  • 28 · Net assets with donor restrictions

    beginning of year $35,982,274 · end of year $43,492,944

Mission and programs · 2022

Mission

AFT SAVES THE LAND THAT SUSTAINS US, PROMOTES SOUND FARM PRACTICES, AND KEEPS FARMERS ON THE LAND.

  • STATE, LOCAL AND FEDERAL PROGRAMS -WE'VE PROGRAMS IN THE FOLLOWING REGIONS: CALIFORNIA, MIDWEST, NEW YORK, NEW ENGLAND, MID-ATLANTIC, PACIFIC NORTHWEST, SOUTHEAST, AND TEXAS; AND OUR NATIONAL INITIATIVES ARE: AGRICULTURE CONSERVATION INNOVATIONS, CLIMATE INITIATIVE, FARMLAND INFORMATION CENTER, FARM LEGACY, FARM VIABILITY, FARMS FOR A NEW GENERATION, FEDERAL POLICY, LAND PROTECTION, NATIONAL AGRICULTURAL LAND NETWORK, WATER INITIATIVE, AND WOMEN FOR THE LAND.

    Expenses $22,224,765 · Grants $2,686,866

  • PUBLIC EDUCATION -ADVOCATE - AFT FIGHTS FOR PROGRAMS AND POLICIES THAT SAVE FARMLAND, SUPPORT FARMERS AND ENHANCE OUR ENVIRONMENT.EDUCATE - AFT EDUCATES THE PUBLIC ABOUT OUR NATION'S FARMS, FARMLAND AND FARMERS.INNOVATE - AFT PIONEERS CUTTING-EDGE TECHNIQUES THAT PROTECT FARMLAND AND PROTECT NATURAL RESOURCES.INVESTIGATE - AFT CONDUCTS RESPECTED RESEARCH AS THE FOUNDATION OF OUR PROGRAMS.COLLABORATE - AFT BUILDS COALITIONS TO ACHIEVE LARGE-SCALE SOLUTIONS AND LASTING CHANGE.

    Expenses $2,487,976

  • COMMUNICATIONS AND MEDIA OUTREACH -AFT CONTINUOUSLY ENGAGES THE PUBLIC THROUGH OUR DIRECT COMMUNICATIONS WITH OUR MEMBERS, DONORS, VARIOUS PUBLICATIONS AND MEDIA OUTREACH.

    Expenses $1,844,465 · Grants $250

  • IN 2023, AMERICAN FARMLAND TRUST: OPENED A NEW TEXAS OFFICE TO ADDRESS FARMLAND AND RANCHLAND LOSS AND ADVOCATED FOR A $1 BILLION FUND TO SUPPORT TEXAS LAND AND WATER CONSERVATION. GREW OUR NATIONAL AGRICULTURAL LAND NETWORK TO 1,168 ORGANIZATIONS AND INDIVIDUALS FROM ALL 50 STATES TO ELEVATE AGRICULTURAL LAND PROTECTION AROUND THE COUNTRY. CREATED A NEW LAND TRANSFER NAVIGATORS PROGRAM TO GUIDE RETIRING FARMERS WHILE HELPING NEW AND BEGINNING FARMERS. WORKED WITH PARTNERS IN CALIFORNIA TO SUPPORT MORE THAN 250 UNDERSERVED SPECIALTY CROP FARMERS WITH MULTILINGUAL TRAININGS AND EVENTS. RELEASED SMART SOLAR PRINCIPLES TO GUIDE RENEWABLE ENERGY PRODUCTION THAT HELPS TO MEET CLIMATE CHANGE GOALS WHILE NOT JEOPARDIZING PRODUCTIVE FARMLAND. LAUNCHED A GROWING EQUITY PARTNERSHIP WITH BLACK FAMILY LAND TRUST AND OTHER GROUPS TO PROVIDE BUSINESS TECHNICAL ASSISTANCE TO UNDERSERVED FARMERS AND RANCHERS. AWARDED OVER $1 MILLION TO 110 FARMERS IN 48 STATES, PUERTO RICO, AND THE U.S. VIRGIN ISLANDS THROUGH OUR BRIGHTER FUTURE FUND THAT SUPPORTS SMALL FARM INNOVATION. SUPPORTED WOMEN FARMERS AND AGRICULTURAL LANDOWNERS THROUGH LEARNING CIRCLES IN 19 STATES HOSTED BY OUR WOMEN FOR THE LAND PROGRAM. RELEASED "FARMS UNDER THREAT 2040: PROJECTED CLIMATE IMPACTS," A REPORT DEMONSTRATING HOW DECISIONS MADE TODAY AFFECT OUR FUTURE ABILITY TO GROW FOOD. COLLABORATED IN CALIFORNIA ON THE SAN JOAQUIN VALLEY LAND AND WATER STRATEGY TO HELP HUNDREDS OF FARMERS ADOPT PRACTICES THAT CONSERVE WATER, BUILD SOIL HEALTH, AND DELIVER CLIMATE BENEFITS. ADVOCATED IN MASSACHUSETTS FOR OVER $21 MILLION TO SUPPORT HEALTHY SOIL PRACTICES AND FOR FARMERS FACING CLIMATE-RELATED DISASTERS WHILE SECURING FUNDING IN MAINE FOR TWO CRITICAL PROGRAMS THAT HELP FARMERS BUILD HEALTHY SOILS. RELEASED A SERIES OF GUIDES TO HELP FARMERS BETTER UNDERSTAND THE POTENTIAL BENEFITS AND SAVINGS FROM ADOPTING SOIL HEALTH PRACTICES. ENROLLED NEARLY 300 ILLINOIS FARMERS IN OUR RE:GENERATIONS PROGRAM, WHICH OFFERS CONTRACTS TO FARMERS WHO ADOPT COVER CROPS AND COLLECT DATA ON CLIMATE BENEFITS. CELEBRATED A MILESTONE OF 100,000 ACRES OF PROTECTED FARMLAND IN NEW YORK WITH PARTNERS WHILE SUCCESSFULLY ADVOCATING FOR $4.2 BILLION IN STATE ENVIRONMENTAL AND LAND CONSERVATION FUNDING. HELD REGIONAL WORKSHOPS WITH FARMERS AROUND THE U.S. TO HEAR FROM FARMERS AND RANCHERS AND OTHERS ON THE POLICIES MOST NEEDED IN THE NEXT FARM BILL.

    Expenses $1,763,423

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • John F Piotti

    PRESIDENT & CEO

    Total calculated
    $541,946
    From this org
    $495,606
    From related orgs
    $0
    Other
    $46,340
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $351,136
    Bonus
    $144,470
    Other
    $0
    Deferred
    $30,500
    Nontaxable benefits
    $15,840
    Filer's total
    $541,946
  • Ashley Bovino Cfo And Vp Of

    FINANCE & ADMIN.

    Total calculated
    $292,626
    From this org
    $258,841
    From related orgs
    $0
    Other
    $33,785
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $258,841
    Bonus
    $0
    Other
    $0
    Deferred
    $25,985
    Nontaxable benefits
    $7,800
    Filer's total
    $292,626
  • John Larson

    SENIOR VICE PRESIDENT

    Total calculated
    $246,203
    From this org
    $210,814
    From related orgs
    $0
    Other
    $35,389
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $205,814
    Bonus
    $5,000
    Other
    $0
    Deferred
    $21,109
    Nontaxable benefits
    $14,280
    Filer's total
    $246,203
  • Beth Sauerhaft

    VICE PRESIDENT OF PROGRAMS

    Total calculated
    $202,070
    From this org
    $175,148
    From related orgs
    $0
    Other
    $26,922
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $175,148
    Bonus
    $0
    Other
    $0
    Deferred
    $17,922
    Nontaxable benefits
    $9,000
    Filer's total
    $202,070
  • Nicholas Herman Vice President

    OF DEVELOPMENT - UNTIL 12/2022

    Total calculated
    $188,719
    From this org
    $159,724
    From related orgs
    $0
    Other
    $28,995
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $159,724
    Bonus
    $0
    Other
    $0
    Deferred
    $15,310
    Nontaxable benefits
    $13,685
    Filer's total
    $188,719
  • Rick Monk Vice President

    AND GENERAL COUNSEL

    Total calculated
    $176,040
    From this org
    $159,847
    From related orgs
    $0
    Other
    $16,193
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $159,847
    Bonus
    $0
    Other
    $0
    Deferred
    $16,193
    Nontaxable benefits
    $0
    Filer's total
    $176,040
  • Mini Aggarwal

    FINANCE CONTROLLER

    Total calculated
    $182,405
    From this org
    $158,786
    From related orgs
    $0
    Other
    $23,619
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $158,786
    Bonus
    $0
    Other
    $0
    Deferred
    $16,059
    Nontaxable benefits
    $7,560
    Filer's total
    $182,405
  • Timothy Fink

    POLICY DIRECTOR

    Total calculated
    $168,778
    From this org
    $153,057
    From related orgs
    $0
    Other
    $15,721
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $153,057
    Bonus
    $0
    Other
    $0
    Deferred
    $15,721
    Nontaxable benefits
    $0
    Filer's total
    $168,778
  • David Haight

    VICE PRESIDENT OF PROGRAMS

    Total calculated
    $172,674
    From this org
    $141,637
    From related orgs
    $0
    Other
    $31,037
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $141,637
    Bonus
    $0
    Other
    $0
    Deferred
    $15,197
    Nontaxable benefits
    $15,840
    Filer's total
    $172,674
  • Kathie Lwanga

    SECRETARY

    Total calculated
    $93,016
    From this org
    $77,363
    From related orgs
    $0
    Other
    $15,653
    Hours/week
    37.5
  • Grant Winthrop

    CHAIR

    Total calculated
    $0
    Hours/week
    3
  • Ralph Grossi

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    3
  • Robert E Egerton Jr

    TREASURER

    Total calculated
    $0
    Hours/week
    3
  • Lillian Ebonie Alexander

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Emily Broad Leib

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Lynn Clarkson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Helene Dillard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Otto Doering

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Gina Gallo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jennie Turner Garlington

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Klaas Martens

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Larkin Martin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Cannon Michael

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • James Moseley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Abby Stranahan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Written employment contract
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
DURING THE CALENDAR YEAR ENDED DECEMBER 31, 2022, THE ORGANIZATION MADE BONUS PAYMENTS BASED ON THE EMPLOYEES' PERFORMANCE.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • PROMOTING SOUND FARMING PRACTICES / KEEPING FARMERS ON THE LAND

  • UNIVERSITY OF CALIFORNIA MERCED

    $65,034

    PROMOTING SOUND FARMING PRACTICES

  • PROTECTING FARMLAND / PROMOTING SOUND FARMING PRACTICES / KEEPING FARMERS ON THE LAND

  • EAST STANISLAUS RESOURCE CONSERVATION DISTRICT (ESRCD)

    $51,823

    PROTECTING FARMLAND / PROMOTING SOUND FARMING PRACTICES

  • REGROW AGRICULTURE INC

    $47,934

    PROMOTING SOUND FARMING PRACTICES

  • WASHINGTON STATE DEPT OF VETERANS AFFAIRS

    $42,500

    PROMOTING SOUND FARMING PRACTICES / KEEPING FARMERS ON THE LAND

  • PROMOTING SOUND FARMING PRACTICES

  • PROMOTING SOUND FARMING PRACTICES / KEEPING FARMERS ON THE LAND

  • PROTECTING FARMLAND / PROMOTING SOUND FARMING PRACTICES / KEEPING FARMERS ON THE LAND

  • PROMOTING SOUND FARMING PRACTICES / KEEPING FARMERS ON THE LAND

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2022
Filed
22 July 2024
IRS schema version
2022v5.0
Source object
202402059349300605

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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