BETA

GEORGIA FARM FOUNDATION: Form 990, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
GEORGIA FARM FOUNDATION (EIN 23-6972599)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-11-14
IRS object ID
202243189349301129
Schema version
2021v4.2
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2022-11-14T08:09:13-06:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN410244008PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1FAEGRE DRINKER BIDDLE REATH LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1ONE LOGAN SQUAREAddressLine1Txt
CityPHILADELPHIACityNm
State AbbreviationPAStateAbbreviationCd
ZIP19103ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2021-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN236972599EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE GEORGIA FARM FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlGEORBusinessNameControlTxt
Phone2159882700PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1CO LRW FDBR 1 LOGAN SQ STE 2000AddressLine1Txt
CityPHILADELPHIACityNm
State AbbreviationPAStateAbbreviationCd
ZIP191036996ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonWILLIAM C BULLITTPersonNm
Person TitleTRUSTEEPersonTitleTxt
Phone2159882700PhoneNum
Signature2022-11-14SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstWILLIAMPersonFirstNm
Person LastBULLITTPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonLARISSA R WHITMAN ESQPreparerPersonNm
PTINP01381875PTIN
Phone2159882700PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerDAVID ARSCOTTPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1C/O LRW FDBR 1 LOGAN SQ STE 2000AddressLine1Txt
CityPHILADELPHIACityNm
State AbbreviationPAStateAbbreviationCd
ZIP191036996ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$963,255GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressN/AWebsiteAddressTxt
Type Of Organization TrustYes (X)TypeOfOrganizationTrustInd
Formation1989FormationYr
Legal Domicile StatePALegalDomicileStateCd
Activity Or MissionSUPPORT NATURAL LANDS TRUST'S OPERATION OF ENVIROMENTAL FACILITYActivityOrMissionDesc
Voting Members Governing Body7VotingMembersGoverningBodyCnt
Voting Members Independent6VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$264,124PYInvestmentIncomeAmt
CY Investment Income$451,531CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$264,124PYTotalRevenueAmt
CY Total Revenue$451,531CYTotalRevenueAmt
PY Grants And Similar Paid$141,574PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$73,556CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$0PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$27,526PYOtherExpensesAmt
CY Other Expenses$38,096CYOtherExpensesAmt
PY Total Expenses$169,100PYTotalExpensesAmt
CY Total Expenses$111,652CYTotalExpensesAmt
PY Revenues Less Expenses$95,024PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$339,879CYRevenuesLessExpensesAmt
Total Assets BOY$3,696,851TotalAssetsBOYAmt
Total Assets EOY$4,035,822TotalAssetsEOYAmt
Total Liabilities BOY$424TotalLiabilitiesBOYAmt
Total Liabilities EOY-$484TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$3,696,427NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$4,036,306NetAssetsOrFundBalancesEOYAmt
MissionSEE STATEMENT ATTACHEDMissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$73,556ExpenseAmt
Grant$73,556GrantAmt
DescPAYMENT TO NATURAL LANDS TRUST INC. FOR EXPENSES IN OPERATING "GEORGIA FARM", A 340 ACRE SELF CONTAINED WATERSHED ON WHICH THE STROUD WATER RESEARCH CENTER CONDUCTS LONG-TERM RESEARCH PROJECTS.Desc
Total Program Service Expenses$73,556TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (1)DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members7GoverningBodyVotingMembersCnt
Independent Voting Member6IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of Committees0MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn Body0Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy0ConflictOfInterestPolicyInd
Whistleblower Policy0WhistleblowerPolicyInd
Document Retention Policy0DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldPAStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1FAEGRE DRINKER BIDDLE & REATH LLP ATTN LRWBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2159882700PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1ONE LOGAN SQ SUITE 2000AddressLine1Txt
CityPHILADELPHIACityNm
State AbbreviationPAStateAbbreviationCd
ZIP19103ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (7 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt
DR BERNARD W SWEENEY
TRUSTEE; DIR & DIST RES SCIENTIST, STROUD WATER0.00Yes (X)Yes (X)$0$0$0
DAVID ARSCOTT
PRESIDENT & EXEC DIR, STROUD WATER RES1.00Yes (X)Yes (X)$0$165,400$38,20740.00
MOLLY K MORRISON
TRUSTEE & RETIRED PRES OF NAT LANDS TR0.00Yes (X)$0$0$0
MORRIS STROUD
TRUSTEE0.00Yes (X)$0$0$0
SAMUEL WAGNER
TRUSTEE0.00Yes (X)$0$0$0
WILLIAM C BULLITT ESQ
TRUSTEE0.00Yes (X)$0$0$0
FRANCES M ABBOTT
TRUSTEE0.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$165,400TotReportableCompRltdOrgAmt
Total Other Compensation$38,207TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$96,450TotalRevenueColumnAmt
Exclusion$96,450ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$866,805SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$511,724SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$355,081SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$355,081TotalRevenueColumnAmt
Exclusion$355,081ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$451,531TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$451,531ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$73,556TotalAmt
Program Services$73,556ProgramServicesAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$6,219TotalAmt
Management And General$6,219ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDescTotalTotalAmtManagement And GeneralManagementAndGeneralAmt
INVESTMENT MANAGEMENT F$28,794$28,794
AGENCY FEES$1,625$1,625
FOREIGN TAX WITHHELD$1,458$1,458

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$111,652TotalAmt
Program Services$73,556ProgramServicesAmt
Management And General$38,096ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$9,141BOYAmt
EOY$15,217EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$3,687,710BOYAmt
EOY$4,020,605EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$3,696,851BOYAmt
EOY$4,035,822EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$424BOYAmt
EOY-$484EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$424BOYAmt
EOY-$484EOYAmt
FieldValueIRS element (for citing)
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

FieldValueIRS element (for citing)
BOY$1,554,931BOYAmt
EOY$1,554,931EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

FieldValueIRS element (for citing)
BOY$2,141,496BOYAmt
EOY$2,481,375EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$3,696,427BOYAmt
EOY$4,036,306EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$3,696,851BOYAmt
EOY$4,035,822EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$339,879ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS Audited0FSAuditedInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Supporting Organization509a3Yes (X)SupportingOrganization509a3Ind
Supporting Org Type3 Func IntYes (X)SupportingOrgType3FuncIntInd
Supported Organizations2SupportedOrganizationsCnt

Supported Org Information SupportedOrgInformationGrp (2 entries)

EINEINOrganization TypeOrganizationTypeCdGoverning Document ListedGoverningDocumentListedIndSupportSupportAmtOther SupportOtherSupportAmt
NATURAL LANDS TRUST INC
23627281810Yes (1)$73,556$0
STROUD WATER RESEARCH CENTER
52208107310Yes (1)$0$0
FieldValueIRS element (for citing)
Supported Organizations Total2SupportedOrganizationsTotalCnt
Support Sum$73,556SupportSumAmt
Other Support Sum$0OtherSupportSumAmt

Form990 Sch A Supporting Org Form990SchASupportingOrgGrp

FieldValueIRS element (for citing)
Listed By Name Governing DocYes (1)ListedByNameGoverningDocInd
Suprt Org No IRS Determination0SuprtOrgNoIRSDeterminationInd
Supported Org Section C4560SupportedOrgSectionC456Ind
Supported Org Not Organized US0SupportedOrgNotOrganizedUSInd
Organization Change Suprt Org0OrganizationChangeSuprtOrgInd
Support Non Supported Org0SupportNonSupportedOrgInd
Payment Substantial Contribtr0PaymentSubstantialContribtrInd
Loan Disqualified Person0LoanDisqualifiedPersonInd
Controlled Disqualified Prsn0ControlledDisqualifiedPrsnInd
Disqualified Prsn Controll Int0DisqualifiedPrsnControllIntInd
Disqualified Prsn Ownr Int0DisqualifiedPrsnOwnrIntInd
Excess Business Holdings Rules0ExcessBusinessHoldingsRulesInd
Contribution Controller0ContributionControllerInd
Contribution Family0ContributionFamilyInd
Contribution35 Controlled0Contribution35ControlledInd

Form990 Sch A Type3 Sprt Org All Form990SchAType3SprtOrgAllGrp

FieldValueIRS element (for citing)
Timely Provided DocumentsYes (1)TimelyProvidedDocumentsInd
Officers Close RelationshipYes (1)OfficersCloseRelationshipInd
Supported Org Voice InvestmentYes (1)SupportedOrgVoiceInvestmentInd

Form990 Sch A Type3 Func Int Form990SchAType3FuncIntGrp

FieldValueIRS element (for citing)
Activities TestYes (X)ActivitiesTestInd
Activities Further Exempt PrpsYes (1)ActivitiesFurtherExemptPrpsInd
Activities Engaged Org InvlmntYes (1)ActivitiesEngagedOrgInvlmntInd

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE A, PAGE 5, SECTION D, LINE 3SEE EXPLANATION BELOW
SCHEDULE A, PAGE 5, SECTION E, LINE 2ASEE EXPLANATION BELOW
SCHEDULE A, PAGE 5, SECTION E, LINE 2BTHE GEORGIA FARM FOUNDATION (THE "FOUNDATION") WAS ESTABLISHED IN ORDER TO PROVIDE THE FINANCIAL UNDERPINNING FOR THE OPERATION AND MAINTENANCE OF A 340-ACRE FARM (THE "FARM") WITHIN THE BOUNDS OF WHICH ARE THREE CONTROLLED WATERSHEDS ON WHICH THE STROUD WATER RESEARCH CENTER ("STROUD") CONDUCTS LONG-TERM SCIENTIFIC STUDIES OF THE EFFECTS OF VARIOUS FARMING AND OTHER LAND-USE ACTIVITIES ON THE HEALTH AND QUALITY OF FRESH WATER. THE FARM IS OWNED BY THE NATURAL LANDS TRUST ("NLT"). ITS USE IS RESTRICTED BY A PERPETUAL CONSERVATION EASEMENT HELD BY THE BRANDYWINE CONSERVANCY. IN ADDITION, NLT AND STROUD ARE PARTIES TO A RESEARCH AGREEMENT ALLOWING STROUD TO CONTROL THE USE OF THE WATERSHEDS IN CONNECTION WITH THE LONG-TERM SCIENTIFIC STUDIES CONDUCTED BY STROUD. ACCORDINGLY, THE FOUNDATION'S FUNDS NOT ONLY BENEFIT NLT DIRECTLY, BUT ALSO BENEFIT STROUD. IF NLT EVER BREACHES THE RESEARCH AGREEMENT, THE FOUNDATION'S SUPPORT IS REQUIRED TO BE PAID DIRECTLY TO STROUD. THE FOUNDATION PROVIDES APPROXIMATELY 85% OF THE OPERATING AND CAPITAL FUNDS REQUIRED TO SUPPORT THE MAINTENANCE AND REPAIR OF THE FARM. THE FOUNDATION'S BOARD MEETS ANNUALLY WITH THE PRESIDENT AND STAFF OF NLT TO REVIEW IN DETAIL, AND APPROVE OR MODIFY, THE OPERATING BUDGET, AS WELL AS BOTH SHORT TERM AND LONG TERM CAPITAL PROJECTS FOR THE FARM, DETERMINE THE ADEQUACY OF CAPITAL RESERVES, AND THE LIKE. IN THE COURSE OF THIS REVIEW, THE BOARD IS INFORMED ABOUT THE RESEARCH PROJECTS CONDUCTED BY STROUD OVER THE PAST YEAR AND APPROVE ACTIVITIES FOR THE CURRENT YEAR. THE BOARD ALSO REVIEWS THE INVESTMENT PERFORMANCE OF THE FOUNDATION'S ENDOWMENT AND CONSIDERS WHETHER THE SPENDING POLICY ADOPTED BY THE FOUNDATION'S TRUSTEES SHOULD BE ADJUSTED TO SATISFY THE LONG TERM NEEDS OF NLT AND STROUD. AS REQUIRED BY THE FOUNDATION'S GOVERNING DOCUMENTS, AT LEAST ONE TRUSTEE MUST BE APPOINTED BY NLT AND ONE BY STROUD. THE PRESIDENT OF THE FOUNDATION IS THE PRESIDENT, DIRECTOR & SENIOR RESEARCH SCIENTIST OF STROUD. MOLLY MORRISON, RECENTLY RETIRED PRESIDENT OF NLT, IS THE APPOINTEE OF NLT. SAMUEL WAGNER, PREVIOUSLY APPOINTED BY NLT, CONTINUES AS A BOARD MEMBER.

Schedule D IRS990ScheduleD

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$3,698,165BeginningYearBalanceAmt
Investment Earnings Or Losses$451,531InvestmentEarningsOrLossesAmt
Other Expenditures$73,556OtherExpendituresAmt
Administrative Expenses$38,096AdministrativeExpensesAmt
End Year Balance$4,038,044EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$3,603,199BeginningYearBalanceAmt
Investment Earnings Or Losses$264,065InvestmentEarningsOrLossesAmt
Other Expenditures$141,574OtherExpendituresAmt
Administrative Expenses$27,525AdministrativeExpensesAmt
End Year Balance$3,698,165EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$3,688,594BeginningYearBalanceAmt
Investment Earnings Or Losses$152,001InvestmentEarningsOrLossesAmt
Other Expenditures$202,291OtherExpendituresAmt
Administrative Expenses$35,105AdministrativeExpensesAmt
End Year Balance$3,603,199EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$3,511,783BeginningYearBalanceAmt
Investment Earnings Or Losses$270,991InvestmentEarningsOrLossesAmt
Other Expenditures$67,328OtherExpendituresAmt
Administrative Expenses$26,852AdministrativeExpensesAmt
End Year Balance$3,688,594EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$3,542,896BeginningYearBalanceAmt
Investment Earnings Or Losses$197,510InvestmentEarningsOrLossesAmt
Other Expenditures$199,868OtherExpendituresAmt
Administrative Expenses$28,755AdministrativeExpensesAmt
End Year Balance$3,511,783EndYearBalanceAmt
FieldValueIRS element (for citing)
Endowments Held Unrelated Org0EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org0EndowmentsHeldRelatedOrgInd
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescADJUSTMENTSDesc
Amt-$484Amt
FieldValueIRS element (for citing)
Total Liability-$484TotalLiabilityAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1NATURAL LANDS TRUSTBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line11031 PALMERS MILL ROADAddressLine1Txt
CityMEDIACityNm
State AbbreviationPAStateAbbreviationCd
ZIP19063ZIPCd
FieldValueIRS element (for citing)
Recipient EIN236272818RecipientEIN
IRC Section501(C)3IRCSectionDesc
Cash Grant$73,556CashGrantAmt
Non Cash Assistance$0NonCashAssistanceAmt
Purpose Of GrantFOR EXPENSES IN OPERATING GEORGIA FARM, A 340 ACRE SELF CONTAINED WATERSHED ON WHICH THE STROUD WATER RESEARCH CENTER CONDUCTS LONG-TERM RESEARCH PROJECTS. THE FOUNDATION'S BOARD REVIEWS AND APPROVES BUDGETS AND RECEIVES REPORTS FROM NATURAL LANDS TRUST STAFF ON ACTUAL EXPENDITURES.PurposeOfGrantTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonDAVID ARSCOTTPersonNm
TitlePRESIDENT & EXEC DIR, STROUD WATER RTitleTxt
Base Compensation Filing Org$0BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs$165,400CompensationBasedOnRltdOrgsAmt
Bonus Filing Organization$0BonusFilingOrganizationAmount
Bonus Related Organizations$0BonusRelatedOrganizationsAmt
Other Compensation Filing Org$0OtherCompensationFilingOrgAmt
Other Compensation Rltd Orgs$0OtherCompensationRltdOrgsAmt
Deferred Compensation Flng Org$0DeferredCompensationFlngOrgAmt
Deferred Comp Rltd Orgs$19,732DeferredCompRltdOrgsAmt
Nontaxable Benefits Filing Org$0NontaxableBenefitsFilingOrgAmt
Nontaxable Benefits Rltd Orgs$18,475NontaxableBenefitsRltdOrgsAmt
Total Compensation Filing Org$0TotalCompensationFilingOrgAmt
Total Compensation Rltd Orgs$203,607TotalCompensationRltdOrgsAmt
Comp Report Prior990 Filing Org$0CompReportPrior990FilingOrgAmt
Comp Report Prior990 Rltd Orgs$0CompReportPrior990RltdOrgsAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 7ATHE TRUSTEES ELECT THEIR SUCCESSORS, BUT NATURAL LAND TRUST AND STROUD WATER RESEARCH CENTER EACH NOMINATE AT LEAST ONE.
FORM 990, PART VI, SECTION A, LINE 8BNOT APPLICABLE
FORM 990, PART VI, SECTION B, LINE 11BFORM 990 IS PREPARED BY FAEGRE DRINKER BIDDLE & REATH LLP, COUNSEL FOR THE ORGANIZATION. IT IS REVIEWED BEFORE FILING BY LARISSA R. WHITMAN, ESQ. OF THAT FIRM AND SIGNED BY WILLIAM C. BULLITT, A TRUSTEE OF THE FOUNDATION. A COPY IS SENT TO EACH TRUSTEE AFTER FILING.
FORM 990, PART VI, SECTION C, LINE 19A COPY WILL BE PROVIDED TO ANY PERSON WHO ASKS.
FORM 990 - PART III AND SCHEDULE A, PART VITHE GEORGIA FARM FOUNDATION (THE "FOUNDATION") WAS ESTABLISHED IN ORDER TO PROVIDE THE FINANCIAL UNDERPINNING FOR THE OPERATION AND MAINTENANCE OF A 340-ACRE FARM (THE "FARM") WITHIN THE BOUNDS OF WHICH ARE THREE CONTROLLED WATERSHEDS ON WHICH THE STROUD WATER RESEARCH CENTER ("STROUD") CONDUCTS LONG-TERM SCIENTIFIC STUDIES OF THE EFFECTS OF VARIOUS FARMING AND OTHER LAND-USE ACTIVITIES ON THE HEALTH AND QUALITY OF FRESH WATER. THE FARM IS OWNED BY THE NATURAL LANDS TRUST ("NLT"). ITS USE IS RESTRICTED BY A PERPETUAL CONSERVATION EASEMENT HELD BY THE BRANDYWINE CONSERVANCY. IN ADDITION, NLT AND STROUD ARE PARTIES TO A RESEARCH AGREEMENT ALLOWING STROUD TO CONTROL THE USE OF THE WATERSHEDS IN CONNECTION WITH THE LONG-TERM SCIENTIFIC STUDIES CONDUCTED BY STROUD. ACCORDINGLY, THE FOUNDATION'S FUNDS NOT ONLY BENEFIT NLT DIRECTLY, BUT ALSO BENEFIT STROUD. IF NLT EVER BREACHES THE RESEARCH AGREEMENT, THE FOUNDATION'S SUPPORT IS REQUIRED TO BE PAID DIRECTLY TO STROUD. THE FOUNDATION PROVIDES APPROXIMATELY 85% OF THE OPERATING AND CAPITAL FUNDS REQUIRED TO SUPPORT THE MAINTENANCE AND REPAIR OF THE FARM. THE FOUNDATION'S BOARD MEETS ANNUALLY WITH THE PRESIDENT AND STAFF OF NLT TO REVIEW IN DETAIL, AND APPROVE OR MODIFY, THE OPERATING BUDGET, AS WELL AS BOTH SHORT TERM AND LONG TERM CAPITAL PROJECTS FOR THE FARM, DETERMINE THE ADEQUACY OF CAPITAL RESERVES, AND THE LIKE. IN THE COURSE OF THIS REVIEW, THE BOARD IS INFORMED ABOUT THE RESEARCH PROJECTS CONDUCTED BY STROUD OVER THE PAST YEAR AND APPROVE ACTIVITIES FOR THE CURRENT YEAR. THE BOARD ALSO REVIEWS THE INVESTMENT PERFORMANCE OF THE FOUNDATION'S ENDOWMENT AND CONSIDERS WHETHER THE SPENDING POLICY ADOPTED BY THE FOUNDATION'S TRUSTEES SHOULD BE ADJUSTED TO SATISFY THE LONG TERM NEEDS OF NLT AND STROUD. AS REQUIRED BY THE FOUNDATION'S GOVERNING DOCUMENTS, AT LEAST ONE TRUSTEE MUST BE APPOINTED BY NLT AND ONE BY STROUD. THE PRESIDENT OF THE FOUNDATION IS THE PRESIDENT, DIRECTOR & SENIOR RESEARCH SCIENTIST OF STROUD. MOLLY MORRISON, RECENTLY RETIRED PRESIDENT OF NLT, IS THE APPOINTEE OF NLT. SAMUEL WAGNER, PREVIOUSLY APPOINTED BY NLT, CONTINUES AS A BOARD MEMBER.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (2 entries)

EINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdExempt Code SectionExemptCodeSectionTxtPublic Charity StatusPublicCharityStatusTxtDirect Controlling NADirectControllingNACdControlled OrganizationControlledOrganizationInd
NATURAL LANDS TRUST
236272818CONSERVATION OF LANDPA501 (C3)PUBLICN/A0
STROUD WATER RESEARCH CENTER
522081073WATER RESEARCHDE501 (C3)PUBLICN/A0
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgYes (1)GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp

Other Organization Name OtherOrganizationName

FieldValueIRS element (for citing)
Business Name Line1NATURAL LANDS TRUST (SEE PART III LINE 4 A)BusinessNameLine1Txt
FieldValueIRS element (for citing)
Transaction TypeBTransactionTypeTxt
Involved$73,556InvolvedAmt

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