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Nonprofiteer
← TEXAS AGRICULTURAL LAND TRUST FOUNDATION

Form 990 for tax year 2022

Filed by TEXAS AGRICULTURAL LAND TRUST FOUNDATION.

Totals

Total revenue
$1,978,417
Total expenses
$82,346
Contributions and grants received
$1,945,638
Grants paid
$48,363
Program service revenue
$0
Investment income
$181,722
Other revenue
-$148,943
Total assets, end of year
$8,129,260
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$8,129,260
Program services expenses (Part IX)
$48,363
Management and general expenses
$33,983
Fundraising expenses
$0
Program service expenses (Part III)
$48,363

Program services were 58.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Joseph Fitzsimons

    Chair

    Total calculated
    $0
    Hours/week
    1

  • Toby Calvert

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Richard M Lucas Jr

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Perry Bass

    Director

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • David Crow

    Director

    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

  • Steve C Lewis

    Director

    Total calculated
    $0
    Hours/week
    1

  • Watt Matthews

    Director

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Chad Ellis

    Chief Executive Officer

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

    Schedule J breakdown matched by us

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

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
2022
Filed
17 August 2023
IRS schema version
2022v5.0
Source object
202342299349301484

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