2015-03-31T08:15:06-05:00 2014-09-30 521855942 TATE & TRYON 2021 L ST NW SUITE 400 WASHINGTON DC 20036 990 2013-10-01 521190211 AMERICAN FARMLAND TRUST AMER 2023317300 1150 CONNECTICUT AVENUE NO 600 WASHINGTON DC 20036 ANDREW MCELWAINE PRESIDENT AND CEO 2023317300 2015-03-31 1 DOUGLAS BOEDEKER P00366180 2022932200 2013 2016-02-25 16:41:14Z ANDREW MCELWAINE 1150 CONNECTICUT AVENUE NO 600 WASHINGTON DC 20036 11026619 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. 15 15 62 49 0 0 9565650 7170759 94092 143343 681014 3581181 110077 131336 10450833 11026619 0 0 0 0 4112349 4519056 306562 321685 1877824 4684213 5302451 9103124 10143192 1347709 883427 26141544 26812245 2039053 2052823 24102491 24759422 X THE MISSION OF AMERICAN FARMLAND TRUST IS TO PROTECT FARMLAND, PROMOTE SOUND FARMING PRACTICES AND KEEP FARMERS ON THE LAND. 0 0 5147591 104318 '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. 1652117 PUBLIC EDUCATION - PROVIDES INFORMATION ON FARMLAND ISSUES TO AFT MEMBERS. 330917 39025 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. 795773 OTHER PROGRAMS 795773 7926398 1 1 0 1 0 0 1 0 0 1 1 1 0 1 1 1 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 79 0 1 62 1 0 0 0 0 0 1 1 0 0 0 0 X 15 15 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 MIRANDA M KAISER CHAIR 3.00 X X 0 0 0 MEL COLEMAN JR VICE CHAIR 3.00 X X 0 0 0 WILLIAM COHAN TREASURER 2.00 X X 0 0 0 DENNIS WOLFF DIRECTOR 2.00 X 0 0 0 ELIZABETH BECK DIRECTOR 2.00 X 0 0 0 NANCY HIRSHBERG DIRECTOR 2.00 X 0 0 0 JOHN HARDIN DIRECTOR 2.00 X 0 0 0 WILLIAM BOEHM DIRECTOR 1.00 X 0 0 0 THOMAS GALLO DIRECTOR 1.00 X 0 0 0 ELIZABETH JONES DIRECTOR 1.00 X 0 0 0 AG KAWAMURA 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 TRUMAN SEMANS DIRECTOR 1.00 X 0 0 0 GRANT WINTHROP DIRECTOR 1.00 X 0 0 0 ANDREW MCELWAINE PRESIDENT 35.00 X 97703 0 18169 VICTORIA EDWARDS - UNTIL NOV 2013 CFO/COO/ASST TREASURER 35.00 X 248943 0 24347 KATHIE LWANGA EXEC ASST/SECRETARY 35.00 X 62948 0 7722 RICK MONK ASST. SECRETARY 18.00 X 0 0 0 RICHARD LUKENS - AS OF JAN 2014 ASST TREASURER/DIR OF FINANCE 35.00 X 0 0 0 SUSAN SINK VP OF DEVELOPMENT 35.00 X 189679 0 17591 JAMES DAUKAS VP OF PROGRAMS 35.00 X 143283 0 44326 JULIA FREEDGOOD ASST VP, PROGRAMS 35.00 X 122230 0 18345 ALICE SORENSEN ASST VP, PROGRAM & RES 35.00 X 115285 0 33894 EDWARD THOMPSON CA STATE DIRECTOR ASSOCIATE 35.00 X 128610 0 28169 JON SCHOLL FORMER PRESIDENT - TO JUNE 2013 35.00 X 160825 0 23290 1269506 0 215853 7 1 1 0 PRODUCTION SOLUTIONS INC 1953 GALLOWS ROAD STE 600 VIENNA VA 221823988 DIRECT MAIL PRODUCTION 474975 EIDOLON COMMUNICATIONS 15 MAIDEN LANE SUITE 1401 NEW YORK NY 10038 DIRECT MAIL PRODUCTION 222340 THE MIND FARM LLC 706 N CAROLINA AVE SE STE 100 WASHINGTON DC 200031359 DEVELOPMENT CONSULTATN 128344 EVERGREEN FUNDING CONSULTANTS INC 1335 N NORTHLAKE WAY STE 101 SEATTLE WA 98103 VARIOUS PACIFIC NORTHWEST SERVICES 111742 DIRECT ANSWER 6424 BOCK ROAD OXIN HILL MD 20745 DATABASE MANAGEMENT 107998 6 30600 1744620 5395539 83477 7170759 CONFERENCE INCOME 900004 104150 104150 CAUSE MARKETING 900004 33580 33580 ONLINE REVENUE 900004 5445 5445 PUBLICATION SALES 900004 168 168 143343 542880 542880 82237 0 82237 82237 82237 1611039 1427262 0 0 1611039 1427262 3038301 3038301 RECAPTURED EXPENSES 900099 22303 22303 LIST RENTAL INCOME 900099 17744 17744 OTHER INCOME 900099 9052 9052 49099 11026619 143343 0 3712517 X 667102 485982 24349 156771 2602057 1871218 94975 635864 122951 89570 4488 28893 852942 621366 31132 200444 274004 199611 10001 64392 118336 91749 15249 11338 80873 56757 13832 10284 321685 321685 51572 51572 1183894 1016148 13922 153824 50720 46605 31 4084 1403725 1290955 16508 96262 170137 103061 20882 46194 483145 387537 53388 42220 400547 268195 13490 118862 50027 38452 616 10959 93970 80758 7578 5634 41134 30367 6061 4706 FARMERS/BMP PAYMENTS 234474 234474 NEWSLETTER & PUBLISHING 117797 83954 439 33404 EQUIPMT/SOFTWARE & STOR 55287 34416 6607 14264 766813 843651 5422 -82260 10143192 7926398 338970 1877824 X 1989793 1652117 0 337676 207 207 1233646 1203901 2563032 3104979 85183 87303 109487 18424 1243821 455449 582031 788372 3290230 3582356 17494308 16632948 783420 1393755 26141544 26812245 632297 957017 623513 174716 783243 921090 2039053 2052823 X 15891119 16237669 5173043 5483424 3038329 3038329 24102491 24759422 26141544 26812245 X 883427 52813 -279309 X X 0 1 X 1 1 1 X 6844298 7882062 6250775 9565650 7170759 37713544 6844298 7882062 6250775 9565650 7170759 37713544 6745050 30968494 539445 453577 533256 471845 625117 2623240 52761 45348 37229 21589 49099 206026 40542810 344047 0.76380 0.74210 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: LIST RENTAL INCOME - 2009 AMOUNT: $ 29,522. 2010 AMOUNT: $ 17,314. 2011 AMOUNT: $ 4,906. 2012 AMOUNT: $ 2,375. 2013 AMOUNT: $ 17,744. RECAPTURED EXPENSES - 2009 AMOUNT: $ 11,128. 2010 AMOUNT: $ 24,336. 2011 AMOUNT: $ 19,106. 2012 AMOUNT: $ 6,233. 2013 AMOUNT: $ 22,303. OTHER INCOME - 2009 AMOUNT: $ 12,111. 2010 AMOUNT: $ 3,698. 2011 AMOUNT: $ 13,217. 2012 AMOUNT: $ 12,981. 2013 AMOUNT: $ 9,052. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7752 13786 21538 8192258 8213796 560690 140173 0 0 456789 487732 504316 560690 2009527 3014291 38010 156554 54640 21538 270742 114197 121933 126079 140173 502382 753573 17794 8779 12162 7752 46487 X X 107 44835.42 9 20 1 1734.00 131393 20784538 1249860 2181857 4000951 20215304 17290706 3590000 2360273 2456441 20784538 16396509 3138072 2243875 17290706 16935297 1250256 201200 1990244 16396509 13896383 2235000 1352872 548958 16935297 0.80300 0.15000 0.04700 0 0 658343 209074 449269 585478 246375 339103 788372 MUTUAL FUNDS 16632948 F 16632948 DEPOSITS 35648 FARM PROPERTY HELD FOR CONSERVATION 1358000 CONSERVATION INTEREST HELD IN FARM PROPERTY 107 1393755 SPLIT-INTEREST AGREEMENTS PAYABLE 228382 DEFERRED RENT AND LEASE INCENTIVES 692708 921090 X 11079432 52813 52813 11026619 0 11026619 10143192 0 10143192 0 10143192 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 X, LINE 2: THE ORGANIZATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AND THEREFORE DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE ORGANIZATIONS INCOME TAX RETURNS ARE GENERALLY SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE AND OTHER STATE AND LOCAL TAXING AUTHORITIES FOR THREE YEARS AFTER THEY ARE FILED. X X X X X X 1 EIDOLON COMMNICATIONS 15 MAIDEN LANE SUITE 1401 NEW YORK NY 10038 FUNDRAISING CONSULTING 0 1118366 219143 899223 SEA CHANGE DIRECT MARKETING 7409 BIRCH AVENUE TAKOMA PARK MD 20912 FUNDRAISING CONSULTING 0 149189 59761 89428 PUBLIC INTEREST COMMUNICATIONS 7700 LEESBURG PIKE FALLS CHURCH VA 22043 FUNDRAISING CONSULTING 0 23472 42781 -19309 1291027 321685 969342 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 SCHEDULE G, PART I, LINE 2B, COLUMN (V) THREE SEPARATE PROFESSIONAL FUNDRAISING ORGANIZATIONS EXECUTED DIFFERENT SERVICES OF THE OVERALL FUND RAISING STRATEGY THAT RESULTED IN TOTAL GROSS RECEIPTS OF $1,291,027. X X 1 0 0 0 0 0 0 0 0 VICTORIA EDWARDS - UNTIL NOV 2013 CFO/COO/ASST TREASURER 143349 0 0 0 105594 0 4200 0 21154 0 274297 0 0 0 SUSAN SINK VP OF DEVELOPMENT 189679 0 0 0 0 0 5200 0 13685 0 208564 0 0 0 JAMES DAUKAS VP OF PROGRAMS 143283 0 0 0 0 0 23000 0 23650 0 189933 0 0 0 EDWARD THOMPSON CA STATE DIRECTOR ASSOCIATE 128610 0 0 0 0 0 10400 0 19713 0 158723 0 0 0 JON SCHOLL FORMER PRESIDENT - TO JUNE 2013 144121 0 0 0 16704 0 13260 0 11216 0 185301 0 0 0 PART I, LINE 4A VICTORIA EDWARDS RECEIVED A SEVERANCE PAYMENT OF $93,519.86. RICK MONK ASSISTANT SECRETARY TO AFT AND COUNSEL FOR KALBIAN HAGERTY 71690 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 67% WERE PROVIDED BY MR. MONK. 0 X 18 55253 X SOFTWARE 1 28224 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 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 1,016,148. MANAGEMENT AND GENERAL EXPENSES 13,922. FUNDRAISING EXPENSES 153,824. TOTAL EXPENSES 1,183,894. FORM 990, PART XI, LINE 9: STRATEGIC PLANNING COSTS -279,309. FORM 990, PART XII, LINE 2C: THE AUDIT OVERSIGHT PROCESS HAS REMAINED UNCHANGED FROM THE PREVIOUS YEAR.