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← FARM AND LAND FOUNDATION

Form 990 for tax year 2024

Filed by FARM AND LAND FOUNDATION.

Totals

Total revenue
$157,545
Total expenses
$29,445
Contributions and grants received
$109,445
Grants paid
$16,030
Program service revenue
$0
Investment income
$22,317
Other revenue
$25,783
Total assets, end of year
$599,860
Total liabilities, end of year
$43,338
Net assets or fund balances, end of year
$556,522
Program services expenses (Part IX)
$16,030
Management and general expenses
$13,415
Fundraising expenses
$0
Program service expenses (Part III)
$16,030

Program services were 54.4% 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.

  • 1c · Fundraising events

    $109,445

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $23,565 · excluded $23,565

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $118,411

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

    securities $119,659

  • 7c · Gain or loss

    securities -$1,248 · other assets $0

  • 7d · Net gain or loss

    total -$1,248 · excluded -$1,248

  • 8a · Fundraising events: gross income

    $43,358

  • 8a · Fundraising events: contributions included on line 1c

    $109,445

  • 8b · Fundraising events: direct expenses

    $17,575

  • 8c · Net income from fundraising events

    total $25,783 · excluded $25,783

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $16,030 · program services $16,030

  • 11c · Fees: accounting

    total $4,917 · management and general $4,917

  • 11f · Fees: investment management

    total $3,682 · management and general $3,682

  • 11g · Fees: other

    total $4,800 · program services $0 · management and general $4,800 · fundraising $0

  • 24a · Other expenses: BANK FEES

    total $16 · management and general $16

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $202,400 · end of year $214,041

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $270,151 · end of year $385,819

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $50,994 · end of year $43,338

  • 22 · Loans and payables to officers and key people

    end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $421,557 · end of year $556,522

Mission and programs · 2024

Mission

The REALTORS Land Institute's Land Education Foundation (LEF) seeks to provide financial scholarship grants for assistance in land-based education opportunities, including the pursuit of the elite ALC Designation through RLI's LANDU Education Program.

  • PROVIDE SUPPORT AND BUILD EDUCATIONAL PROGRAMS REGARDING USE OF LAND AROUND THE COUNTRY.

    Expenses $16,030 · Grants $16,030

As filed on the 2024 return.

Listed in Part VII

  • A Lloyd Thomas

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Bob Turner

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2 + 0.5 related

  • Fred Hepler

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Johnny McAllister

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Caleb McDow

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Colter Devries

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Eric Andrews

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Flo Sayre

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Tom Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Tucker Wood

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

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.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
22 October 2025
IRS schema version
2024v5.1
Source object
202522959349301552

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