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Nonprofiteer
← TEXAS AGRICULTURAL LAND TRUST

Form 990 for tax year 2022

Filed by TEXAS AGRICULTURAL LAND TRUST.

Totals

Total revenue
$27,620,831
Total expenses
$27,640,661
Contributions and grants received
$27,377,827
Grants paid
$0
Program service revenue
$159,510
Investment income
$83,494
Other revenue
$0
Total assets, end of year
$3,316,626
Total liabilities, end of year
$125,306
Net assets or fund balances, end of year
$3,191,320
Program services expenses (Part IX)
$27,264,568
Management and general expenses
$259,547
Fundraising expenses
$116,546
Program service expenses (Part III)
$27,264,568

Program services were 98.6% 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.

  • 1d · Related organizations

    $48,363

  • 1e · Government grants (contributions)

    $637,500

  • 1f · All other contributions, gifts and grants

    $26,691,964

  • 1g · Noncash contributions included above

    $20,474,027

  • 2a · Program service revenue: Easement negotiation fees

    total $159,510 · related or exempt $159,510

  • 3 · Investment income

    total $92,980 · excluded $92,980

  • 7a · Gross sales of assets other than inventory

    securities $424,519

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

    securities $434,005

  • 7c · Gain or loss

    securities -$9,486

  • 7d · Net gain or loss

    total -$9,486 · excluded -$9,486

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $176,013 · program services $140,811 · management and general $17,601 · fundraising $17,601

  • 7 · Other salaries and wages

    total $582,254 · program services $418,953 · management and general $109,197 · fundraising $54,104

  • 8 · Pension plan contributions

    total $11,608 · program services $6,698 · management and general $3,455 · fundraising $1,455

  • 9 · Other employee benefits

    total $8,448 · program services $3,287 · management and general $3,070 · fundraising $2,091

  • 10 · Payroll taxes

    total $51,200 · program services $37,402 · management and general $8,416 · fundraising $5,382

  • 11b · Fees: legal

    total $9,809 · program services $9,809

  • 11c · Fees: accounting

    total $42,180 · management and general $42,180

  • 11d · Fees: lobbying

    total $90,004 · program services $90,004

  • 11e · Fees: professional fundraising services

    total $244 · fundraising $244

  • 11f · Fees: investment management

    total $13,305 · management and general $13,305

  • 11g · Fees: other

    total $1,675 · program services $473 · management and general $1,202

  • 12 · Advertising and promotion

    total $28,119 · program services $25,511 · fundraising $2,608

  • 13 · Office expenses

    total $72,607 · program services $37,952 · management and general $15,171 · fundraising $19,484

  • 14 · Information technology

    total $17,619 · program services $11,359 · management and general $646 · fundraising $5,614

  • 16 · Occupancy

    total $47,309 · program services $30,151 · management and general $10,562 · fundraising $6,596

  • 17 · Travel

    total $82,879 · program services $66,967 · management and general $15,827 · fundraising $85

  • 19 · Conferences, conventions and meetings

    total $7,237 · program services $6,758 · management and general $479

  • 22 · Depreciation, depletion and amortization

    total $3,760 · program services $2,339 · management and general $909 · fundraising $512

  • 23 · Insurance

    total $18,971 · program services $12,736 · management and general $5,465 · fundraising $770

  • 24a · Other expenses: Conservation easements

    total $26,334,467 · program services $26,334,467

  • 24b · Other expenses: Event rental & supplies

    total $40,953 · program services $28,891 · management and general $12,062

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $98,982 · end of year $70,425

  • 2 · Savings and temporary cash investments

    beginning of year $83,420 · end of year $9,845

  • 3 · Pledges and grants receivable

    beginning of year $1,338,544 · end of year $761,094

  • 4 · Accounts receivable

    beginning of year $64,886 · end of year $71,577

  • 9 · Prepaid expenses and deferred charges

    beginning of year $11,862 · end of year $5,377

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

    $23,970

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

    $12,250

  • 10c · Land, buildings and equipment, net

    beginning of year $10,415 · end of year $11,720

  • 11 · Investments: publicly traded securities

    beginning of year $2,152,932 · end of year $2,303,823

  • 15 · Other assets

    beginning of year $0 · end of year $82,765

  • 17 · Accounts payable and accrued expenses

    beginning of year $66,925 · end of year $42,541

  • 25 · Other liabilities

    beginning of year $0 · end of year $82,765

  • 27 · Net assets without donor restrictions

    beginning of year $1,393,640 · end of year $1,435,969

  • 28 · Net assets with donor restrictions

    beginning of year $2,300,476 · end of year $1,755,351

Mission and programs · 2022

Mission

See Schedule O

Activities or mission (Part I)

To conserve the Texas heritage of agricultural lands, natural resources and wildlife habitats.

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $26,717,399 · Revenue $159,510

  • TALT's outreach efforts encompass two main areas: educating landowners and their advisors on the effective utilization of conservation easements for land protection, conservation, and intergenerational transfer, as well as informing the general public about the advantages that stem from private working lands. Throughout Fiscal Year 2023, TALT collaborated with the Natural Resources Conservation Service (NRCS) in Texas to organize six workshops. These workshops aimed to equip NRCS staff and landowners with fundamental knowledge about conservation easements. Furthermore, TALT actively promotes the cause of working lands and their benefits through its newsletter, website, social media platforms, and speaking engagements. (See Schedule O for continuation)

    Expenses $547,169

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • David Crow

    Chair

    Total calculated
    $0
    Hours/week
    4 + 1 related

  • Russell Marshall

    Vice Chair

    Total calculated
    $0
    Hours/week
    2

  • Roel Lopez

    Secretary

    Total calculated
    $0
    Hours/week
    4

  • Michael Conaway

    Treasurer

    Total calculated
    $0
    Hours/week
    4

  • David Alders

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Perry Bass

    Board Member

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Sarah Nunley Biedenharn

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Marshall Bowen

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Charles Davidson

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Kelly Langdon

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Lindsey Lee

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Watt Matthews

    Board Member

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Bob McCan

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Gary Price

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Jane Richardson

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • David K Waggoner

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Fay Fitzsimons Walker

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Jesse Womack

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Chad Ellis

    Chief Executive Officer

    Total calculated
    $163,454
    From this org
    $151,865
    From related orgs
    $0
    Other
    $11,589
    Hours/week
    40 + 5 related

    Schedule J breakdown matched by us

    Base
    $151,865
    Bonus
    $0
    Other
    $0
    Deferred
    $3,344
    Nontaxable benefits
    $8,245
    Filer's total
    $163,454

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 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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

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

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
2022
Filed
17 August 2023
IRS schema version
2022v5.0
Source object
202332299349301483

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