2013-05-07T16:01:39-05:00 2012-09-30 521855942 TATE & TRYON 2021 L ST NW SUITE 400 WASHINGTON DC 20036 990 2011-10-01 521190211 AMERICAN FARMLAND TRUST AMER 2023317300 1200 18TH STREET NW NO 800 WASHINGTON DC 20036 VICKI EDWARDS 2023317300 2013-05-07 1 SUBRINA L WOOD P00365899 2022932200 2011 2016-02-25 16:41:14Z X JON SCHOLL 1200 18TH STREET NW NO 800 WASHINGTON DC 20036 7118054 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. 20 20 75 54 0 0 7882062 6250775 23149 54790 169433 681750 150222 130739 8224866 7118054 0 0 0 0 4274672 4426615 132500 282057 1970642 3631269 4064849 8038441 8773521 186425 -1655467 21036366 22021602 804716 970591 20231650 21051011 X THE MISSION OF AMERICAN FARMLAND TRUST IS TO PROTECT FARMLAND, PROMOTE SOUND FARMING PRACTICES AND KEEP FARMERS ON THE LAND. 0 0 5004716 1199 STATE & LOCAL PROGRAMS AND FEDERAL POLICY - 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: *PROTECTING THE BEST LAND. AFT WILL WORK TO PERMANENTLY PROTECT WORKING FARMS AND RANCHES AND REDUCE THE CONVERSION OF WORKING LAND TO DEVELOPMENT. *KEEPING THE LAND HEALTHY. AFT WILL WORK TO HELP FARMERS AND RANCHERS IMPROVE WATER QUALITY AND COMBAT CLIMATE CHANGE. *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. 734496 53591 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. 599730 PUBLIC EDUCATION - PROVIDES INFORMATION ON FARMLAND ISSUES TO AFT MEMBERS. 115396 OTHER PROGRAMS 115396 6454338 1 1 0 1 0 0 1 0 0 1 1 1 0 0 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 0 1 47 0 1 75 1 0 0 0 0 0 1 1 0 0 0 0 X 20 20 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AK AZ AR CA CT FL GA HI IL KS KY ME MD MA MI MN MS NH NJ NM NY NC OH OK OR PA RI SC TN UT VA WV WI LA X X AMERICAN FARMLAND TRUST 2023317300 1200 18TH STREET NW NO 800 WASHINGTON DC 20036 MIRANDA M KAISER 3.00 X X 0 0 0 BARTON THOMPSON 2.00 X X 0 0 0 WILLIAM COHAN 2.00 X X 0 0 0 ELIZABETH BECK 2.00 X 0 0 0 MEL COLEMAN JR 2.00 X 0 0 0 WILLIAM DELAUDER 2.00 X 0 0 0 THOMAS GALLO 2.00 X 0 0 0 DENNIS WOLFF 2.00 X 0 0 0 DANIEL SHAW 2.00 X 0 0 0 JOHN HARDIN 2.00 X 0 0 0 MILEY GONZALEZ 1.00 X 0 0 0 WILL HARTE 1.00 X 0 0 0 NANCY HIRSHBERG 1.00 X 0 0 0 LIBBY JONES 1.00 X 0 0 0 AG KAWAMURA 1.00 X 0 0 0 CRAIG MCNAMARA 1.00 X 0 0 0 GUS SCHUMACHER JR 1.00 X 0 0 0 TRUMAN SEMANS 1.00 X 0 0 0 LAURIE LANDEAU 1.00 X 0 0 0 GRANT WINTHROP 1.00 X 0 0 0 JON SCHOLL 35.00 X 247432 0 29683 VICTORIA EDWARDS 35.00 X 153438 0 30699 KATHIE LWANGA 35.00 X 61230 0 11437 RICK MONK 17.00 X 0 0 0 JULIA FREEDGOOD 35.00 X 139488 0 20510 SUSAN SINK 35.00 X 122054 0 9022 DENNIS NUXOLL 35.00 X 120739 0 8879 JAMES DAUKAS 35.00 X 114867 0 26612 ALICE SORENSEN 35.00 X 113264 0 14755 1072512 0 151597 10 0 1 0 PRODUCTION SOLUTIONS INC 1953 GALLOWS ROAD STE 600 VIENNA VA 221823988 DIRECT MAIL PRODUCTION 237484 AG FLEX INC 4510 REGENT STREET MADISON WI 53705 AGRICULTURAL CONSERVATION 131873 CHECKOWAY CONSULTING & CREATIVE 1716 BEACON STREET WABAN MA 02468 DIRECT MAIL PRODUCTION 129500 EVERGREEN FUNDING CONSULTANTS INC 1335 N NORTHLAKE WAY STE 101 SEATTLE WA 98103 CONSULTING SERVICES 108629 4 41269 1198173 5011333 61029 6250775 CAUSE MARKETING 900004 45551 45551 ONLINE REVENUE 900004 8040 8040 CONFERENCE INCOME 900004 920 920 PUBLICATION SALES 900004 279 279 54790 439746 439746 1957 1957 91553 0 91553 91553 91553 221988 20016 0 0 221988 20016 242004 242004 RECAPTURED EXPENSES 900099 19106 19106 OTHER INCOME 900099 13217 13217 LIST RENTAL INCOME 900099 4906 4906 37229 7118054 54790 0 812489 621250 423164 23446 174640 2564826 1746980 96798 721048 117111 79770 4420 32921 857756 584260 32372 241124 265672 180962 10027 74683 107144 73192 16883 17069 53400 34947 9537 8916 282057 282057 48247 48247 1343239 1182821 14984 145434 32456 31218 1238 681912 447293 7417 227202 87117 46927 12605 27585 669074 511094 78775 79205 324647 221365 14558 88724 49464 39115 356 9993 45889 45889 35259 23806 5661 5792 SUBGRANTS 171636 171636 NEWSLETTER & PUBLISHING 97276 78252 330 18694 TEMP HELP 90634 44739 9418 36477 FARMERS/BMP PAYMENTS 48160 48160 179295 390501 10954 -222160 8773521 6454338 348541 1970642 X 837820 599730 0 238090 207 207 1006643 971026 2248080 2680535 83332 84986 118592 140721 776594 681289 116612 95305 2020281 2714645 14376228 14576061 1066391 758116 21036366 22021602 475398 650928 6000 329318 313663 804716 970591 X 13417918 13366759 3775403 4645923 3038329 3038329 20231650 21051011 21036366 22021602 X -1655467 2474828 X 0 1 1 X 1 1 X 7321378 6636096 6844298 7882062 6250775 34934609 7321378 6636096 6844298 7882062 6250775 34934609 3061766 31872843 1058183 1474966 539445 453577 533256 4059427 102019 66675 52761 45348 37229 304032 39298068 164680 0.81110 0.83060 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8779 147775 156554 6598078 6754632 487732 121933 0 0 497077 461658 456789 487732 1903256 2854884 45361 42400 38010 156554 282325 124269 115415 114197 121933 475814 713721 8241 9742 17794 8779 44556 X X 113 44187.78 2 20 1 1534.00 103046 1 16396509 3138072 2243875 17290706 16935297 1250256 201200 1990244 16396509 13896383 2235000 1352872 548958 16935297 14551244 599325 1254186 13896383 0.79600 0.17600 0.02800 0 0 260024 260024 0 516570 421265 95305 95305 MUTUAL FUNDS 14576061 F 14576061 SPLIT-INTEREST AGREEMENTS PAYABLE 313663 313663 7118054 8773521 -1655467 2504803 -29975 2474828 819361 9592882 2504803 -29975 2474828 7118054 0 7118054 8773521 0 8773521 0 8773521 EXPLANATION OF CHANGES TO CONSERVATION EASEMENTS: PART II, LINE 3: AFT ASSIGNED ITS INTEREST IN A CONSERVATION EASEMENT ON PROPERTIES LOCATED IN (A) YANCEY COUNTY, NORTH CAROLINA TO THE SOUTHERN APPALACHIAN HIGHLANDS CONSERVANCY, A TENNESSEE NON-PROFIT CORPORATION AND (B) ESSEX COUNTY, VIRGINIA TO VIRGINIA OUTDOORS FOUNDATION, AN AGENCY OF THE COMMONWEALTH OF VIRGINIA, BOTH QUALIFIED TO RECEIVE ASSIGNMENT OF AND HOLD CONSERVATION EASEMENTS UNDER SECTION 170(H)(3) OF THE INTERNAL REVENUE CODE. EXPLANATION OF EASEMENTS ENFORCEMENT POLICIES: 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. DESCRIPTION OF HOW ORGANIZATION REPORTS CONSERVATION EASEMENTS: 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. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: 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. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE ORGANIZATION IS EXEMPT FROM THE PAYMENT OF INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS CLASSIFIED AS OTHER THAN A PRIVATE FOUNDATION UNDER SECTION 509(A)(1) OF THE INTERNAL REVENUE CODE. 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. AT A MINIMUM, THE TAX YEARS ENDING IN 2009 THROUGH 2012 ARE OPEN FOR EXAMINATION BY TAX AUTHORITIES. PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS -29,975. PART XII, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -29,975. X X X X X X 1 TOTAL FUNDRAISING RECEIPTS 1200 18TH STREET NW WASHINGTON DC 20036 VARIOUS ACTIVITIES 0 870462 0 0 CHECKOWAY CONSULTING & CREATIVE 1716 BEACON STREET WABAN MA 02468 FUNDRAISING CONSULTING 0 0 50041 0 EIDOLON COMMNICATIONS 15 MAIDEN LANE SUITE 1401 NEW YORK NY 10038 FUNDRAISING CONSULTING 0 0 95750 0 SEA CHANGE DIRECT MARKETING 7409 BIRCH AVENUE TAKOMA PARK MD 20912 FUNDRAISING CONSULTING 0 0 60863 0 THE ONE GROUP 10611 OAKLYN DRIVE POTOMAC MD 20854 FUNDRAISING CONSULTING 0 0 75403 0 870462 282057 588405 AL AK AZ AR CA CT FL GA HI IL KS KY ME MD MA MI MN MS NH NJ NM NY NC OH OK OR RI SC TN PA WV WI VA UT LA MO CO DC ND WA EXPLANATION OF FUNDRAISING PAYMENTS SCHEDULE G, PART I, LINE 2B, COLUMN (V) FOUR SEPARATE PROFESSIONAL FUNDRAISING ORGANIZATIONS EXECUTED DIFFERENT SERVICES OF THE OVERALL FUND RAISING STRATEGY THAT RESULTED IN TOTAL GROSS RECEIPTS OF $870,462. X X 0 0 0 0 0 0 0 0 0 JON SCHOLL 247432 0 0 0 0 0 12698 0 16985 0 277115 0 0 0 VICTORIA EDWARDS 153438 0 0 0 0 0 8317 0 22382 0 184137 0 0 0 JULIA FREEDGOOD 139488 0 0 0 0 0 7224 0 13286 0 159998 0 0 0 RICK MONK ASSISTANT SECRETARY TO AFT AND COUNSEL FOR KALBIAN HAGERTY 77610 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 78% WERE PROVIDED BY MR. MONK. 0 X 14 61029 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 CFO. THE 990 IS ALSO DISTRIBUTED TO AMERICAN FARMLAND TRUST'S AUDIT COMMITTEE 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 2,504,803. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS -29,975. TOTAL TO FORM 990, PART XI, LINE 5: 2,474,828.