2012-05-09T11:58:06-05:00 2011-09-30 TATE AND TRYON 805 15TH STREET NW SUITE 900 WASHINGTON DC 20005 990 2010-10-01 521190211 AMERICAN FARMLAND TRUST AMER 2023317300 1200 18TH STREET NW NO 800 WASHINGTON DC 20036 VICKI EDWARDS 2023317300 2012-05-09 1 SUBRINA L WOOD 2022932200 2010 2016-02-24 21:20:13Z X JON SCHOLL 1200 18TH STREET NW NO 800 WASHINGTON DC 20036 8225667 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. 22 22 75 57 0 0 6844298 7882062 28673 23149 2695260 169433 202777 150222 9771008 8224866 0 0 0 0 4244563 4274672 133500 132500 1721575 3609097 3631269 7987160 8038441 1783848 186425 21061373 21036366 1011565 804716 20049808 20231650 X THE MISSION OF AMERICAN FARMLAND TRUST IS TO PROTECT FARMLAND, PROMOTE SOUND FARMING PRACTICES AND KEEP FARMERS ON THE LAND. 0 0 4815370 811 STATE & LOCAL PROGRAMS AND FEDERAL POLICYAFT WORKS AT THE FEDERAL, STATE & LOCAL LEVEL TO INFORM GOVERNMENT POLICIES DESIGNED TO SAVE AMERICAN FARMLAND, PROMOTE SOUND FARMING PRACTICES AND KEEP FARMERS ON THE LAND. AFT WORKS DIRECTLY WITH FARMERS, CIVIC LEADERS, COMMUNITIES AND STATES TO ESTABLISH PERMANENT FARMLAND PROTECTION PROGRAMS AND SMART GROWTH POLICIES. THROUGH SCIENCE BASED RESEARCH AND AFT'S FARMLAND INFORMATION CENTER, AFT PROVIDES VALUABLE INFORMATION TO INFORM THE PUBLIC ON VARIOUS TOPICS IMPORTANT TO PERMANENTLY SAVING OUR FARMLAND FROM UNNECESSARY DEVELOPMENT AND MISUSE. OTHER AFT PROGRAMS ARE INNOVATING SOLUTIONS BY ENGAGING FARMERS IN IMPROVING WATER QUALITY/QUANTITY, REDUCING GREENHOUSE GASES, ENHANCING SOIL FERTILITY, AND PROTECTING WILDLIFE HABITAT, WHILE MAINTAINING OR INCREASING THE ECONOMIC SUSTAINABILITY OF FARMING AND RANCHING. AFT ALSO CONDUCTS PROGRAMS DESIGNED TO EDUCATE FARMERS HOW TO BE MORE PRODUCTIVE, BETTER STEWARDS AND IMPROVE THEIR ECONOMIC VIABILITY. 731641 22338 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. 376188 PUBLIC EDUCATION PROVIDES SERVICE AND INFORMATION ON FARMLAND ISSUES TO AFT MEMBERS. 104125 RESEARCH AND OTHER PROGRAMS 104125 6027324 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 0 1 47 0 1 75 1 0 0 0 0 0 1 1 0 0 0 0 X 22 22 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AK AZ AR CA CO CT DC FL GA HI IL KS KY ME MD MA MI MN MS NH NJ NM NY NC ND 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 CARLA H SKODINSKI 2.00 X X 0 0 0 ART ALESHIRE 2.00 X 0 0 0 ELIZABETH BECK 2.00 X 0 0 0 WILLIAM COHAN 1.00 X 0 0 0 MEL COLEMAN JR 2.00 X 0 0 0 WILLIAM DELAUDER 2.00 X 0 0 0 IRIS FREEMAN 1.00 X 0 0 0 THOMAS GALLO 2.00 X 0 0 0 MILEY GONZALEZ 1.00 X 0 0 0 JOHN HARDIN 2.00 X 0 0 0 WILL HARTE 1.00 X 0 0 0 NANCY HIRSHBERG 1.00 X 0 0 0 ELIZABETH 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 DANIEL SHAW 1.00 X 0 0 0 STEPHEN STRANAHAN 1.00 X 0 0 0 RICHARD WALDEN 1.00 X 0 0 0 DENNIS WOLFF 2.00 X 0 0 0 JON SCHOLL 35.00 X 246614 0 28215 VICTORIA EDWARDS 35.00 X 156808 0 25481 KATHIE LWANGA 35.00 X 57324 0 10819 SIMON SIDAMON-ERISTOFF 17.00 X 0 0 0 REBECCA MITCHELL 35.00 X 138462 0 6904 JULIA FREEDGOOD 35.00 X 138184 0 19098 DENNIS NUXOLL 35.00 X 117035 0 7160 JAMES DAUKAS 35.00 X 114506 0 25353 ALICE SORENSEN 35.00 X 113551 0 14185 RALPH GROSSI 35.00 X 31167 0 0 1082484 0 137215 9 0 1 0 PRODUCTION SOLUTIONS INC 1953 GALLOWS ROAD STE 600 VIENNA VA 22182 DIRECT MAIL PRODUCTION 301095 AG FLEX INC 4510 REGENT STREET MADISON WI 53705 AGRICULTURAL CONSERVATION 181907 CHECKOWAY CONSULTING & CREATIVE 1716 BEACON STREET WABAN MA 02468 DIRECT MAIL PRODUCTION 132500 3 51647 1120218 6710197 51574 7882062 CAUSE MARKETING 900004 12795 12795 ONLINE REVENUE 900004 9543 9543 PUBLICATION SALES 900004 811 811 23149 81168 81168 3924 3924 100950 100950 100950 100950 89066 801 89066 -801 88265 88265 RECAPTURED EXPENSES 900099 24336 24336 LIST RENTAL INCOME 900099 17314 17314 OTHER INCOME 900099 3698 3698 45348 8224866 23149 0 319655 614401 440966 21061 152374 2511312 1802165 86084 623063 120958 86814 4146 29998 765538 549440 26241 189857 262463 188374 8997 65092 113040 81392 14905 16743 52922 36031 8175 8716 132500 132500 48590 48590 771274 626233 638 144403 9680 6853 71 2756 642205 394198 6134 241873 143607 91353 10788 41466 661565 521954 64879 74732 301172 235220 9998 55954 61364 60510 70 784 24515 24515 37825 28250 4634 4941 EPA SUBGRANTS 191068 191068 BMP PAYMENTS 181466 181466 NEWSLETTER & PUBLISHING 115703 102626 90 12987 TEMP HELP 91000 58465 13238 19297 EQUIPMENT/SOFTWARE/STOR 41779 30158 5482 6139 142494 240683 3911 -102100 8038441 6027324 289542 1721575 X 588785 376188 0 212597 207 207 1282079 1006643 1790010 2248080 86553 83332 177116 118592 761006 644394 33777 116612 1983835 2020281 14951462 14376228 756334 1066391 21061373 21036366 659737 475398 351828 329318 1011565 804716 X 13417086 13417918 3594393 3775403 3038329 3038329 20049808 20231650 21061373 21036366 X 186425 -4583 X 0 1 1 X 1 1 X 8384976 7321378 6636096 6844298 7882062 37068810 8384976 7321378 6636096 6844298 7882062 37068810 2713684 34355126 736969 1058183 1474966 539445 186042 3995605 29002 102019 66675 52761 45348 295805 41360220 369540 0.83060 0.83510 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 17794 20216 38010 6097766 6135776 456789 114197 0 0 552557 497077 461658 456789 1968081 2952122 99018 45361 42400 38010 224789 138139 124269 115415 114197 492020 738030 33900 8241 9742 17794 69677 X X 114 53650.78 0 0 0 21 1 1737.00 100851 1 17827154 197691 717883 17306962 14535571 2235000 1352872 296289 17827154 15190432 599325 1254186 14535571 0.81820 0.17560 0.00620 0 0 260024 260024 0 500982 384370 116612 116612 MUTUAL FUNDS 14376228 F 14376228 DEPOSITS 33539 FARM PROPERTY HELD FOR CONSERVATION 713738 CONSERVATION INTERST HELD IN FARM PROPERTY 114 PROPERTY HELD FOR SALE 319000 1066391 SPLIT-INTEREST AGREEMENTS PAYABLE 329318 329318 8224866 8038441 186425 27457 -32040 -4583 181842 8220283 27457 -32040 -4583 8224866 0 8224866 8038441 0 8038441 0 8038441 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 2008 THROUGH 2011 ARE OPEN FOR EXAMINATION BY TAX AUTHORITIES. PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS -32,040. PART XII, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -32,040. X X X X X X X 1 CHECKOWAY CONSULTING & CREATIVE 1716 BEACON STREET WABAN MA 02468 FUNDRAISING CONSULTING 0 924255 132500 791755 924255 132500 791755 AL AK AZ AR CA CO CT DC FL GA HI IL KS KY ME MD MA MI MN MS NH NJ NM NY NC ND OH OK OR RI SC TN PA WV WI VA UT WA LA MO X X 0 0 0 0 0 0 0 0 0 JON SCHOLL 246614 0 0 0 0 0 12620 0 15595 0 274829 0 0 0 VICTORIA EDWARDS 156808 0 0 0 0 0 8266 0 17215 0 182289 0 0 0 JULIA FREEDGOOD 138184 0 0 0 0 0 7119 0 11979 0 157282 0 0 0 SIMON SIDAMON-ERISTOFF ASSISTANT SECRETARY TO AFT AND COUNSEL FOR KALBIAN HAGERTY 43276 MR. SIDAMON-ERISTOFF 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 THE FIRM, OF WHICH 44% WERE PROVIDED BY MR. SIDAMON-ERISTOFF. 0 X SOFTWARE 1 51574 FMV 0 0 0 FORM 990, PART VI, SECTION A, LINE 4 SEVERAL CHANGES WERE MADE TO THE BYLAWS DURING FISCAL YEAR 2011. THE BOARD OF DIRECTORS SECTION, OFFICERS SECTION, AND AMENDMENTS OF BYLAWS SECTIONS WERE ALL UPDATED. COMPENSATION WAS AMENDED AND COMMITTEES WERE ADDED TO THE BOARD OF DIRECTORS SECTION. SALARIES SUBSECTION WAS AMENDED UNDER OFFICERS SECTION. THE AFFIRMATIVE VOTE REQUIRED TO AMEND THE BYLAWS WAS INCREASED TO TWO-THIRDS. 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: 27,457. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS -32,040. TOTAL TO FORM 990, PART XI, LINE 5: -4,583.