2011-03-28T17:25:33-05:00 2010-09-30 Tate and Tryon 805 15th Street NW Suite 900 Washington DC 20005 990 2009-10-01 521190211 AMERICAN FARMLAND TRUST AMER 2023317300 1200 18TH STREET NW No 800 WASHINGTON DC 20036 VICKI EDWARDS 2023317300 2011-03-28 1 Subrina L Wood 2022932200 2009 2016-02-24 21:20:13Z Jon Scholl 1200 18TH STREET NW No 800 WASHINGTON DC 20036 9771008 0 X WWW.FARMLAND.ORG X 1980 DC THE MISSION OF THE AMERICAN FARMLAND TRUST IS TO HELP FARMERS AND RANCHERS PROTECT THEIR LAND, PRODUCE A HEALTHIER ENVIRONMENT AND BUILD SUCCESSFUL COMMUNITIES. 21 21 66 58 0 0 6636096 6844298 24908 28673 478398 2695260 131408 202777 7270810 9771008 0 0 4275524 4244563 135333 133500 1602728 4097022 3609097 8507879 7987160 -1237069 1783848 18518562 21061373 1137443 1011565 17381119 20049808 THE MISSION OF THE AMERICAN FARMLAND TRUST IS TO HELP FARMERS AND RANCHERS PROTECT THEIR LAND, PRODUCE A HEALTHIER ENVIRONMENT AND BUILD SUCCESSFUL COMMUNITIES. 0 0 4723327 15545 STATE & LOCAL PROGRAMS AND FEDERAL POLICYAFT works at the national level to transform farm and food policy and has three key programs. Farmland Protection is focused on protecting farm and ranch land across America and keeping agriculture viable. Agriculture & Environment helps the nation's farmers and ranchers address environmental issues while exploring economic opportunities to produce "ecosystem services." And Growing Local works with farmers and communities to save farmland and improve the outlook for local agriculture. 682676 13128 COMMUNICATIONS AND MEDIA OUTREACH Includes media relations, online engagement, and publication and distribution of magazines and informative materials. 485369 PUBLIC EDUCATION PROVIDES SERVICES AND INFORMATION ON FARMLAND ISSUES TO AFT MEMBERS. 200441 RESEARCH AND OTHER PROGRAMS 200441 6091813 1 1 0 1 0 1 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 62 0 66 1 0 0 0 0 0 1 1 0 0 0 21 21 1 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 WA WV WI X X AMERICAN FARMLAND TRUST 2023317300 1200 18TH STREET NW No 800 WASHINGTON DC 20036 JOHN WINTHROP JR 3.00 X X 0 0 0 mirandA M KAISER 2.00 X X 0 0 0 AUGUST SCHUMACHERJR 2.00 X X 0 0 0 CARLA H SKODINSKI 2.00 X X 0 0 0 art aleshire 1.00 X 0 0 0 elizabeth beck 1.00 X 0 0 0 mel coleman 1.00 X 0 0 0 william delauder 2.00 X 0 0 0 sandra frazier 2.00 X 0 0 0 iris freeman 1.00 X 0 0 0 thomas gallo 2.00 X 0 0 0 john hardin 1.00 X 0 0 0 nancy hirshberg 1.00 X 0 0 0 elizabeth jones 1.00 X 0 0 0 richard rominger 2.00 X 0 0 0 daniel shaw 2.00 X 0 0 0 stephen stranahan 1.00 X 0 0 0 barton thompson 2.00 X 0 0 0 richard walden 2.00 X 0 0 0 JULIA HARTE WIDDOWSON 2.00 X 0 0 0 dennis wolff 1.00 X 0 0 0 siMON SIDAMON-ERISTOFF 8.00 X 0 0 0 JON SCHOLL 35.00 X X 235522 0 22974 vICTORIA EDWARDS 35.00 X 147736 0 29205 ANN SORENSeN 35.00 X 109254 0 14213 dennis nuxoll 35.00 X 107973 0 6709 eDWARD THOMPSON 35.00 X 106951 0 18913 mary ray 35.00 X 106628 0 14140 jAMES DAUKAS 35.00 X 105450 0 28662 919514 0 134816 8 0 1 0 production solutions inc 1953 GALLOWS ROAD STE 600 vienna VA 221823988 direct mail production 381803 checkoway consulting & creative 1946 datura street sarasota FL 34239 direct mail production 133500 blair clavert fitzsimmons 6339 n new braunfels ave san antonio TX 78209 research 100069 3 56317 1166726 5621255 6844298 CONFERENCE INCOME 900004 14760 14760 ONLINE REVENUE 900004 11421 11421 CAUSE MARKETING 900004 1707 1707 PUBLICATION SALES 900004 785 785 28673 389429 389429 2616 2616 147400 147400 147400 147400 94691 2211140 94691 2211140 2305831 2305831 LIST RENTAL INCOME 900099 29522 29522 other income 900099 12111 12111 recaptured expenses 900099 11128 11128 52761 9771008 28673 0 2898037 435437 259939 89258 86240 2635567 1573333 540252 521982 144824 86454 29687 28683 764973 456660 156808 151505 263762 157456 54067 52239 107570 24663 82357 550 50849 50849 133500 133500 17763 17763 791863 665885 58099 67879 1078 433 645 668570 563499 46181 58890 124799 49521 69000 6278 655814 252863 397171 5780 272117 178589 41071 52457 36708 35276 1040 392 23920 23920 39810 7699 32111 EPA SUB GRANTS 235862 235862 BMP PAYMENTS 188447 188447 newsletter and other pu 120630 100242 2244 18144 TEMP HELP 59893 24136 100 35657 EQUIPMENT/SOFTWARE & ST 47531 5950 40701 880 165873 1183223 -1398377 381027 7987160 6091813 292619 1602728 X 743088 485369 0 257719 207 207 1143448 1282079 1412595 1790010 82607 86553 8750 162367 177116 654940 621163 70340 33777 1635884 1983835 12260499 14951462 1741865 756334 18518562 21061373 579952 659737 557491 351828 1137443 1011565 X 13261783 13417086 3480148 3594393 639188 3038329 17381119 20049808 18518562 21061373 X 0 1 1 X 1 1 X 8263461 8384976 7321378 6636096 6844298 37450209 8263461 8384976 7321378 6636096 6844298 37450209 2264589 35185620 600528 736969 1058183 1474966 539445 4410091 21096 29002 102019 66675 52761 271553 42131853 564434 0.83510 0.86200 X Schedule A, Part IV, Supplemental Information: DESCRIPTION 2005 2006 2007 2008 2009 LIST RENTAL INCOME 21,096 29,002 31,087 31,023 29,522 RECAPTURED EXPENSES 21,988 30,196 11,128 OTHER INCOME 48,944 5,456 12,111 TOTAL 21,096 29,002 102,019 66,675 52,761 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9742 32658 42400 6190769 6233169 461658 115415 0 0 577014 552557 497077 461658 2088306 3132459 205322 99018 45361 42400 392101 144254 138139 124269 115415 522077 783116 81133 33900 8241 9742 133016 114 53650.78 0 0 1 21 1 1517.00 94865 1 14535571 2235000 1352872 296289 17827154 15190432 599325 1254186 14535571 0.82960 0.17040 0 0 654940 621163 33777 33777 MUTUAL FUNDS 14951462 F 14951462 SPLIT-INTEREST AGREEMENTS PAYABLE 351828 351828 9771008 7987160 1783848 883727 1114 884841 2668689 10655849 883727 1114 884841 9771008 0 9771008 7987160 0 7987160 0 7987160 Part II, Line 9: Description of How Organization Reports Conservation Easements: 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: Description of Intended Use of Endowment Funds: 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: Description of Uncertain Tax Positions Under FIN 48: During the year ended September 30, 2010, the organization adopted the accounting standard related to uncertain income tax positions. The standard requires that an uncertain income tax position must be more likely than not (greater than 50% likelihood of realization) before it is recognized in the financial statements. Furthermore, the standard requires that the amount recognized be the same as that which would be determined as a result of a review by tax authorities having all relevant information and applying current conventions. During the year ended September 30, 2010, management did not identify any uncertain income tax positions and believes the Organization is no longer subject to federal, state and local income tax examinations by taxing authorities for the years ending before 2007. Part XI, Line 8 - Other Adjustments: change in value of split-interest agreements: 1114. Part XII, Line 2d - Other Adjustments: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS: 1114. X X X X X X X 1 CHECKOWAY CONSULTING & CREATIVE fundraising consulting 0 1063595 133500 930095 1063595 133500 930095 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 235522 0 0 0 0 0 5194 0 17780 0 258496 0 0 0 vICTORIA EDWARDS 147736 0 0 0 0 0 7948 0 21257 0 176941 0 0 0 Form 990, Part VI, Section A, line 2 JOHN WINTHROP, JR. AND IRIS W. FREEMAN ARE COUSINS Form 990, Part VI, Section A, line 4 The bylaws were amended January 25, 2010 to include a change in the term limit for the chair. 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 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 Governance and Nominating 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.