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Nonprofiteer
← TEXAS AGRICULTURAL LAND TRUST FOUNDATION

Form 990 for tax year 2023

Filed by TEXAS AGRICULTURAL LAND TRUST FOUNDATION.

Totals

Total revenue
$4,533,044
Total expenses
$149,923
Contributions and grants received
$4,345,993
Grants paid
$53,531
Program service revenue
$0
Investment income
$187,051
Other revenue
$0
Total assets, end of year
$13,905,980
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$13,905,980
Program services expenses (Part IX)
$53,531
Management and general expenses
$46,392
Fundraising expenses
$50,000
Program service expenses (Part III)
$53,531

Program services were 35.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Chad Ellis

    Chief Executive Officer

    Total calculated
    $167,821
    From this org
    $0
    From related orgs
    $158,090
    Other
    $9,731
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $158,090 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $5,111 related
    Nontaxable benefits
    $0 + $4,620 related
    Filer's total
    $0 + $167,821 related

  • Joseph Fitzsimons

    Chair

    Total calculated
    $0
    Hours/week
    1

  • David Crow

    Vice Chair

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Toby Calvert

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Perry Bass II

    Secretary

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Will Harte

    Director

    Total calculated
    $0
    Hours/week
    1

  • Karen Hixon

    Director

    Total calculated
    $0
    Hours/week
    1

  • Watt Matthews

    Director

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Carter Smith

    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

None.

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Part I, Line 3
Texas Agricultural Land Trust uses comparative salary data gleaned from 990s of similar non-profit organizations and salary data provided by the Land Trust Alliance to establish compensation of the CEO. This information is reviewed during the interview process and annual review process.

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

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
2023
Filed
29 August 2024
IRS schema version
2023v5.1
Source object
202442429349300414

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