2016-03-24T10:47:30-05:00 2015-09-30 521855942 TATE & TRYON 2021 L ST NW SUITE 400 WASHINGTON DC 20036 990 2014-10-01 521190211 AMERICAN FARMLAND TRUST AMER 2023317300 1150 CONNECTICUT AVENUE NO 600 WASHINGTON DC 20036 ANDREW MCELWAINE ASSISTANT TREASURER 2023317300 2016-03-23 1 FREDERICK LONGWOOD P00439715 2022932200 2014 2016-08-17 19:52:53Z RALPH GROSSI 1150 CONNECTICUT AVENUE NO 600 WASHINGTON DC 20036 11874880 0 X WWW.FARMLAND.ORG X 1980 DC THE MISSION OF AMERICAN FARMLAND TRUST IS TO PROTECT FARMLAND, PROMOTE SOUND FARMING PRACTICES AND KEEP FARMERS ON THE LAND. 19 19 70 70 0 0 7170759 6635514 143343 235628 3581181 2182435 131336 108122 11026619 9161699 0 0 0 0 4519056 5423852 321685 185015 2845796 5302451 5809998 10143192 11418865 883427 -2257166 26812245 22008591 2052823 2188361 24759422 19820230 THE MISSION OF AMERICAN FARMLAND TRUST IS TO PROTECT FARMLAND, PROMOTE SOUND FARMING PRACTICES AND KEEP FARMERS ON THE LAND. 0 0 5851235 86441 AFT'S GOAL IS TO PROTECT AMERICA'S FARMLAND FOR FUTURE GENERATIONS. THERE IS A COMPREHENSIVE PLAN TO MEET THIS GOAL, AND HELP GUARANTEE THE FUTURE OF AMERICA'S WORKING LANDS, VIA OUR THREE PRINCIPAL PROGRAMS: A. PROTECTING THE BEST LAND. AFT WILL WORK TO PERMANENTLY PROTECT WORKING FARMS AND RANCHES AND REDUCE THE CONVERSION OF WORKING LAND TO DEVELOPMENT. B. KEEPING THE LAND HEALTHY. AFT WILL WORK TO HELP FARMERS AND RANCHERS IMPROVE WATER QUALITY AND COMBAT CLIMATE CHANGE. C. KEEPING FARMERS ON THE LAND. AFT WILL WORK TO ENSURE THAT THE NEXT GENERATION OF FARMERS WHO WANT TO STAY ON THE LAND, AND MAKE THEIR LIVING FROM IT, HAVE THE OPPORTUNITY TO DO SO. 1581883 PUBLIC EDUCATION - PROVIDES INFORMATION ON FARMLAND ISSUES TO AFT MEMBERS. 470664 149187 COMMUNICATIONS AND MEDIA OUTREACH - DESIGNED TO EDUCATE AND ENGAGE THE PUBLIC ABOUT THE THREATS TO FARMLAND, THE AGING OF THE AMERICAN FARMER, THE IMPORTANCE OF BEGINNING FARMERS, THE QUALITY AND VALUE OF AMERICA'S FERTILE SOIL, AND THE IMPORTANCE OF FARMLAND AND FAMILY FARMERS TO OUR CULTURAL HERITAGE. 319488 319488 8223270 1 1 0 1 0 0 1 0 0 1 1 1 0 0 1 0 1 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 1 78 0 1 70 1 0 0 0 0 0 1 1 0 0 0 0 X 19 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AK AR CA CT FL GA HI IL KS KY ME MD MA MI MN MS NH NJ NM NY NC OK OR PA RI SC TN UT VA WV WI X X AMERICAN FARMLAND TRUST 2023317300 1150 CONNECTICUT AVENUE NO 600 WASHINGTON DC 20036 BARTON THOMPSON JR CHAIR 3.00 X X 0 0 0 JOHN HARDIN VICE CHAIR 3.00 X X 0 0 0 WILLIAM COHAN TREASURER 3.00 X X 0 0 0 MIRANDA M KAISER CHAIR (UNTIL DEC 14) 3.00 X X 0 0 0 AG KAWAMURA DIRECTOR 1.00 X 0 0 0 WILLIAM BOEHM DIRECTOR 1.00 X 0 0 0 ELIZABETH JONES DIRECTOR 1.00 X 0 0 0 NANCY HIRSHBERG DIRECTOR 1.00 X 0 0 0 EA'MON O'TOOLE DIRECTOR 1.00 X 0 0 0 GRANT WINTHROP DIRECTOR 1.00 X 0 0 0 MEL COLEMAN JR DIRECTOR 1.00 X 0 0 0 ELIZABETH BECK DIRECTOR 1.00 X 0 0 0 DENNIS WOLFF DIRECTOR 1.00 X 0 0 0 TRUMAN SEMANS DIRECTOR 1.00 X 0 0 0 THOMAS GALLO DIRECTOR 1.00 X 0 0 0 LAURIE LANDEAU DIRECTOR 1.00 X 0 0 0 CRAIG MCNAMARA DIRECTOR 1.00 X 0 0 0 JEAN-MARI PELTIER DIRECTOR 1.00 X 0 0 0 ANDREW MCELWAINE PRESIDENT & CEO 35.00 X 219677 0 28305 KATHIE LWANGA EXEC ASST/SECRETARY 35.00 X 63817 0 11583 RICK MONK ASST. SECRETARY 18.00 X 0 0 0 RICHARD LUKENS VP, FINANCE & ADMIN 35.00 X 122651 0 6061 SUSAN SINK VP OF DEVELOPMENT 35.00 X 202749 0 18647 JAMES DAUKAS VP OF PROGRAMS 35.00 X 138537 0 30735 JULIA FREEDGOOD ASSIST VP PROGRAMS 35.00 X 116149 0 20924 ALICE SORENSEN ASST VP, PROGRAM & RES 35.00 X 130402 0 18321 EDWARD THOMPSON CA STATE DIR. ASSOC 35.00 X 129611 0 26207 1123593 0 160783 7 0 1 0 PRODUCTION SOLUTIONS INC 1953 GALLOWS ROAD STE 600 VIENNA VA 221823988 DIRECT MAIL PRODUCTION 628533 EIDOLON COMMUNICATIONS 15 MAIDEN LANE SUITE 1401 NEW YORK NY 10038 DIRECT MAIL PRODUCTION 204393 MICHELE FETTING 113 W CHAPEL RIDGE RD PITTSBURGH PA 15238 STRATEGIC PLANNING & COMMUNICATIONS 115000 KALBIAN HAGERTY LLP 888 17TH STREET NW SUITE 1000 WASHINGTON DC 20006 LEGAL SERVICES 108000 4 22277 1141781 5471456 155840 6635514 CAUSE MARKETING 900004 149187 149187 CONFERENCE INCOME 900004 86282 86282 PUBLICATION SALES 900004 159 159 235628 553585 553585 59489 0 59489 59489 59489 3098391 1243640 1361181 1352000 1737210 -108360 1628850 1628850 RECAPTURED EXPENSES 900099 18818 18818 OTHER INCOME 900099 17103 17103 LIST RENTAL INCOME 900099 12712 12712 48633 9161699 235628 0 2290557 X 677962 466600 13615 197747 3817169 2627129 76659 1113381 210368 144784 4225 61359 384392 264554 7720 112118 333961 229845 6707 97409 111301 80153 15651 15497 47700 29092 6708 11900 185015 185015 70951 51096 2173 17682 1963677 1806091 98118 59468 9519 6856 291 2372 483623 346923 13158 123542 461888 332628 14149 115111 525090 396046 52959 76085 550705 396589 16870 137246 75557 54412 2315 18830 136522 98316 4182 34024 105705 76124 3238 26343 NEWSLETTER & PUBLISHING 645981 392064 54 253863 PROFESSIONAL FEES 273091 196666 8366 68059 FARMERS/BMP PAYMENTS 262446 165194 97252 EQUIPMT/SOFTWARE & STOR 77426 55759 2371 19296 8816 6349 270 2197 11418865 8223270 349799 2845796 X 2157899 1581883 0 576016 207 229 1203901 1347347 3104979 1581686 87303 79304 18424 42420 1488487 596364 788372 892123 3582356 3698552 16632948 13316708 1393755 1050222 26812245 22008591 957017 856429 174716 356231 37113 921090 938588 2052823 2188361 X 16237669 12745201 5483424 4036700 3038329 3038329 24759422 19820230 26812245 22008591 X -2257166 -2621280 -60746 X X 0 1 X 1 1 1 X 7882062 6250775 9565650 7170759 6635514 37504760 7882062 6250775 9565650 7170759 6635514 37504760 6213744 31291016 453577 533256 471845 625117 613074 2696869 45348 37229 21589 49099 48633 201898 40403527 551002 0.77450 0.76380 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: LIST RENTAL INCOME - 2010 AMOUNT: $ 17,314. 2011 AMOUNT: $ 4,906. 2012 AMOUNT: $ 2,375. 2013 AMOUNT: $ 17,744. 2014 AMOUNT: $ 12,712. RECAPTURED EXPENSES - 2010 AMOUNT: $ 24,336. 2011 AMOUNT: $ 19,106. 2012 AMOUNT: $ 6,233. 2013 AMOUNT: $ 22,303. 2014 AMOUNT: $ 18,818. OTHER INCOME - 2010 AMOUNT: $ 3,698. 2011 AMOUNT: $ 13,217. 2012 AMOUNT: $ 12,981. 2013 AMOUNT: $ 9,052. 2014 AMOUNT: $ 17,103. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 16340 16340 8485778 8502118 575106 143777 0 0 487732 504316 560690 575106 2127844 3191766 156554 54640 21538 16340 249072 121933 126079 140173 143777 531962 797943 8779 12162 7752 28693 X X 108 44995.00 20 1 1714.00 160780 20215304 35000 -322464 2912580 17015260 20784538 1249860 2181857 4000951 20215304 17290706 3590000 2360273 2456441 20784538 16396509 3138072 2243875 17290706 16935297 1250256 201200 1990244 16396509 0.77850 0.17860 0.04290 0 0 658344 254316 404028 830143 342048 488095 892123 MUTUAL FUNDS 13316708 F 13316708 SPLIT-INTEREST AGREEMENTS PAYABLE 244410 DEFERRED RENT AND LEASE INCENTIVES 692853 DEPOSITS 1325 938588 6479673 -2621280 -60746 -2682026 9161699 0 9161699 11418865 0 11418865 0 11418865 PART II, LINE 5: AFT'S POLICY IS TO MONITOR EACH OF OUR EASEMENTS EVERY OTHER YEAR, UNLESS AN ISSUE OR CIRCUMSTANCE REGARDING A PARTICULAR PROPERTY WARRANTS MORE FREQUENT VISITS. AFT HAS ALSO ADOPTED A VIOLATIONS POLICY THAT ADDRESSES THE MANNER IN WHICH AFT DETERMINES AND ENFORCES VIOLATIONS OF CONSERVATION EASEMENTS. AFT CONTINUALLY EVALUATES EACH EASEMENT ON A CASE-BY-CASE BASIS TO DETERMINE THE APPROPRIATE MONITORING AND INSPECTION NEEDS REQUIRED TO ENSURE THAT THE CONSERVATION PURPOSES OF THE EASEMENT ARE UPHELD. PART II, LINE 9: IT IS THE ORGANIZATION'S POLICY, WHEN ACQUIRING OR ACCEPTING AN EASEMENT, TO EXTINGUISH IN PERPETUITY THE DEVELOPMENT RIGHTS ON THE UNDERLYING PROPERTY. CONSEQUENTLY, ALL SUCH EASEMENTS ARE VALUED AT ONE DOLLAR. EASEMENTS WHOSE DEVELOPMENT RIGHTS ARE NOT SO TREATED HAVE ALSO BEEN VALUED AT ONE DOLLAR BECAUSE IT IS MANAGEMENT'S OPINION THAT THE ORGANIZATION WILL NOT RECOVER ITS COST FOR THESE EASEMENTS. ANY PROCEEDS FROM THE SALE OF A CONSERVATION EASEMENT TO A QUALIFIED ENTITY ARE MAINTAINED IN THE ORGANIZATION'S FARMLAND PROTECTION FUND. PART V, LINE 4: THE ORGANIZATION IS COMMITTED TO A LONG-TERM APPROACH WITH A BALANCED PROGRAM OF INVESTMENTS TO PRESERVE AND ENHANCE THE REAL PURCHASING POWER OF THE FUND SO AS TO PROVIDE A STABLE AND, IN REAL TERMS, CONSTANT STREAM OF CURRENT INCOME FOR ANNUAL OPERATING NEEDS. THE ORGANIZATION'S INVESTMENT OBJECTIVE IS TO ATTAIN A MINIMUM RATE OF RETURN OF 5% PLUS THE CHANGE IN THE CONSUMER PRICE INDEX (AFTER MANAGEMENT FEES) OVER AN INVESTMENT CYCLE. THE PRIMARY MEASURE OF THE ORGANIZATION'S INVESTMENT PERFORMANCE WILL BE A BLENDED BENCHMARK BASED ON ITS TARGET ASSET ALLOCATION. IN PURSUING THESE OBJECTIVES, THE ORGANIZATION INTENDS TO SELECT INVESTMENT MANAGERS WHO ARE RIGOROUS IN THE DISCIPLINES THEY UTILIZE TO PRODUCE RETURNS AT ACCEPTABLE LEVELS OF RISK AND WHO AVOID SPECULATION EXPLAINED OR RATIONALIZED BY SHORT-TERM FINANCIAL TRENDS OR MOMENTUM IN SPECIFIC ECONOMIC SECTORS. DISTRIBUTION OF FUND EARNINGS TO THE OPERATING BUDGET IS BASED ON THE SPENDING POLICY AND IS MANAGED ON A TOTAL RETURN BASIS. IN MOST YEARS, DISTRIBUTIONS COMPRISE INTEREST AND DIVIDENDS PLUS SOME APPRECIATION. THE FINANCE COMMITTEE PLANS FOR THESE DISTRIBUTIONS TO AVOID THE NECESSITY OF LIQUIDATING INVESTMENTS AT AN UNFAVORABLE TIME. THE FUND SHALL BE INVESTED PRIMARILY IN LIQUID SECURITIES, INCLUDING EQUITY AND FIXED INCOME SECURITIES AND COMMINGLED INVESTMENT FUNDS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS -60,746. X X X X X X 1 EIDOLON COMMUNICATIONS 15 MAIDEN LANE SUITE 1401 NEW YORK NY 10038 DIRECT MAIL 0 1387323 222400 1164923 1387323 222400 1164923 AL AK AR CA CT DC CO FL GA HI IL KS KY LA ME MD MA MI MN MS NV NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI MO TX X X 0 0 0 0 0 0 0 0 0 ANDREW MCELWAINE PRESIDENT & CEO 219677 0 0 0 0 0 4796 0 23954 0 248427 0 0 0 SUSAN SINK VP OF DEVELOPMENT 195249 0 7500 0 0 0 9967 0 9324 0 222040 0 0 0 JAMES DAUKAS VP OF PROGRAMS 138537 0 0 0 0 0 7525 0 26614 0 172676 0 0 0 EDWARD THOMPSON CA STATE DIR. ASSOC 129611 0 0 0 0 0 6543 0 21358 0 157512 0 0 0 RICK MONK ASSISTANT SECRETARY TO AFT AND COUNSEL FOR KALBIAN HAGERTY 76671 MR. MONK IS ASSISTANT SECRETARY OF AFT, AND IS ALSO COUNSEL AT KALBIAN HAGERTY, A LAW FIRM HELD ON RETAINER BY AFT. DURING THE YEAR, KALBIAN HAGERTY PROVIDED SERVICES TO AFT, OF WHICH 71% WERE PROVIDED BY MR. MONK. 0 X 19 144992 FMV X EVENT SUPPLIES 1 6198 FMV X FOOD & BEVERAGE 1 4650 FMV 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 THE INFORMATION IN THE 990 IS PREPARED BY TATE AND TRYON, THEN REVIEWED AND VERIFIED BY THE DIRECTOR OF FINANCE AND ADMINISTRATION. THE 990 IS ALSO DISTRIBUTED TO AMERICAN FARMLAND TRUST'S AUDIT COMMITTEE AS WELL AS THE ENTIRE BOARD FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS SUBMIT A CONFLICT OF INTEREST STATEMENT ON AN ANNUAL BASIS FOLLOWING THE FALL BOARD MEETING. THE STATEMENTS ARE SENT TO THE AFT GENERAL COUNSEL FOR REVIEW. ANY CONFLICTS ARE REPORTED TO AFT. ALL EMPLOYEES ARE NOTIFIED ANNUALLY OF THE CONFLICT OF INTEREST POLICY AND ARE REQUIRED TO REPORT ANY CONFLICT TO THE GENERAL COUNSEL. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS HAS DELEGATED RESPONSIBILITY TO THE EXECUTIVE COMMITTEE FOR APPROVING ANY COMPENSATION ARRANGEMENTS WITH DISQUALIFIED PERSONS AS DEFINED UNDER THE INTERNAL REVENUE CODE (GENERALLY SENIOR MANAGEMENT, PERSONS WHO, AT ANY TIME DURING THE PRIOR 5-YEARS, WERE IN A POSITION TO EXERCISE SUBSTANTIAL INFLUENCE OVER THE AFFAIRS OF THE ORGANIZATION OR PERSONS RELATED). THE COMMITTEE FUNCTIONS AS DE FACTO COMPENSATION COMMITTEE IN ADDITION TO ITS OTHER RESPONSIBILITIES. THE COMMITTEE IS COMPRISED OF OUTSIDE, DISINTERESTED DIRECTORS WHO POSSESS THE BUSINESS EXPERIENCE AND KNOWLEDGE NECESSARY TO REVIEW AND EVALUATE THE COMPARABILITY OF COMPENSATION DATA OBTAINED FOR THE COMMITTEE. THE COMMITTEE DETERMINES, PRIOR TO EACH YEAR'S WINTER BOARD MEETING, WHICH AFT EMPLOYEES OR CONTRACTORS SHOULD BE CONSIDERED "DISQUALIFIED PERSONS" (IN ADDITION TO THE LIST OF PERSONNEL WHO ARE PER SE DISQUALIFIED) WHOSE COMPENSATION SHOULD BE SUBJECT TO APPROVAL. ALSO PRIOR TO EACH YEAR'S WINTER BOARD MEETING, THE COMMITTEE EVALUATES AND APPROVES THE COMPENSATION ARRANGEMENTS ENTERED INTO BY AFT WITH ALL DISQUALIFIED PERSONS. (THESE INCLUDE ALL COMPENSATION AND BENEFITS, INCLUDING SALES OR OTHER TRANSFERS OF PROPERTY.) THE COMMITTEE GENERALLY UTILIZES INFORMATION FROM STANDARD COMPENSATION SURVEYS IN CONDUCTING ITS EVALUATION. THE COMMITTEE DOCUMENTS ITS PROCEEDINGS WITH WRITTEN RECORDS, SETTING FORTH THE TERMS OF THE COMPENSATION ARRANGEMENTS APPROVED AND THE DATE THEY WERE APPROVED. THE RECORDS INCLUDE THE NAMES OF THE COMMITTEE MEMBERS PRESENT AND WHO VOTED; THE COMPARABILITY DATA OBTAINED AND RELIED UPON BY THE COMMITTEE; HOW THE DATA WAS OBTAINED; AND THE ACTIONS TAKEN WITH RESPECT TO CONSIDERATION OF COMPENSATION TRANSACTIONS BY ANYONE WHO IS OTHERWISE A MEMBER OF THE COMMITTEE, BUT WHO HAD A CONFLICT OF INTEREST WITH RESPECT TO THE TRANSACTION OR ARRANGEMENT. THIS DOCUMENTATION IS PREPARED BY THE LATER OF (A) THE NEXT MEETING OF THE COMMITTEE OCCURRING AFTER THE DECISION IS MADE OR (B) THE DATE 60 DAYS AFTER THE DATE OF APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S FINANCIAL STATEMENTS AND FORM 990 ARE AVAILABLE ON OUR WEBSITE OR BY WRITTEN REQUEST. THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON WRITTEN REQUEST. FORM 990, PART IX, LINE 11G CONSULTANTS/TEMPS: PROGRAM SERVICE EXPENSES 1,806,091. MANAGEMENT AND GENERAL EXPENSES 98,118. FUNDRAISING EXPENSES 59,468. TOTAL EXPENSES 1,963,677. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS -60,746. FORM 990, PART XII, LINE 2C: THE AUDIT OVERSIGHT PROCESS HAS REMAINED UNCHANGED FROM THE PREVIOUS YEAR.