Overview
What is Alaska Farmland Trust Corporation?
Alaska Farmland Trust Corporation is a Palmer, Alaska-based nonprofit organization dedicated to preserving farmland and fostering local food markets. Through their Lands Program, they identify suitable properties for protection, collaborate with landowners, and fundraise to secure farmland. The organization assists landowners in implementing easement projects and facilitates transactions. Their ultimate vision is to create a future where Alaskans have access to fresh, healthy food and can support local farmers. Currently, the nonprofit has a small team of two employees.
Official website here: www.akfarmland.com/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 68% (Two-Star out of Four Star rating)
The Alaska Farmland Trust Corporation has received a two-star rating from Charity Navigator, indicating some concerns regarding its financial management and transparency. While the organization has demonstrated strong governance with a fully independent board and no material diversion of assets, significant issues arise from the absence of key policies, including a whistleblower policy and document retention guidelines.
Financially, the organization shows a concerning liabilities to assets ratio of 104.41%, suggesting potential financial instability. However, its program expense ratio of 70.73% indicates a strong commitment to its mission-related activities. The trust's lack of posting its tax form on its website further detracts from its accountability.
Overall, while Alaska Farmland Trust Corporation performs well in certain governance aspects, the financial red flags and missing policies highlight areas for improvement that could enhance trust and confidence among stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Alaska Farmland Trust Corporation legitimate?
Alaska Farmland Trust Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Alaska Farmland Trust Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $79,139
Professional Fundraising Fees: $0
Other Salaries and Wages: $40,375
For more financial information, click here
Official website here: www.akfarmland.com/
What is the mission statement of Alaska Farmland Trust Corporation?
The Alaska Farmland Trust, in its mission, envisions a future where local food markets thrive, providing Alaskans with access to fresh, nutritious food and ensuring the continuation of farming. The organization aims to achieve this vision by identifying important properties, working with landowners to protect their farmland, and raising funds for farmland preservation. They also assist landowners with easement projects and carry out transactions to safeguard farmland for future generations.
Official website here: www.akfarmland.com/
Who is the CEO of Alaska Farmland Trust Corporation?
Amy O'Connor is the Executive Director of Alaska Farmland Trust Corporation.
Official website here: www.akfarmland.com/
What is the revenue of Alaska Farmland Trust Corporation?
Alaska Farmland Trust Corporation's revenue in 2022 was $230,844.
Official website here: www.akfarmland.com/
Who are the executives of Alaska Farmland Trust Corporation and what are their salaries?
The average compensation at Alaska Farmland Trust Corporation during 2022 was $59,757. There are 2 employees and 13 volunteers at Alaska Farmland Trust Corporation.
Here are 8 key members and their salaries:
- Compensation: $89,898
- Related: $0
- Other: $2,589
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.akfarmland.com/
Where can I find the form 990 for Alaska Farmland Trust Corporation?
Alaska Farmland Trust Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.akfarmland.com/
Learn more at the official website: www.akfarmland.com/
Mission Statement of Alaska Farmland Trust Corporation
The Alaska Farmland Trust Corporation is dedicated to fostering a future where local food markets thrive, ensuring Alaskans have access to nutritious, fresh produce, and preserving the livelihood of farmers. The organization's primary mission is to envision and work towards a future where local food markets are robust, providing Alaskans with healthy food options and sustaining the farming community.
To achieve this, the Alaska Farmland Trust Corporation takes an active role in identifying critical properties, collaborating with landowners to protect their farmland, and raising funds for farmland preservation. Furthermore, the organization assists landowners with easement projects and manages transactions, ensuring the long-term protection of farmlands. Through these efforts, the Alaska Farmland Trust Corporation is instrumental in keeping Alaska's farmers farming and promoting sustainable agriculture.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
June, 2024
The Alaska Farmland Trust Corporation's impact lies in its dedication to preserving farmland and supporting local food markets in Alaska. By identifying properties to protect, working with landowners to secure their farmland, and raising funds for farmland preservation, the corporation contributes to a future where Alaskans have access to fresh, healthy food while ensuring that farmers can continue their vital work. Through their Lands Program, they assist landowners with easement projects and facilitate transactions that help maintain the agricultural landscape of the state, supporting both the environment and local communities.
This information is meant to be a general summary of Alaska Farmland Trust Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $60
- Program Service Revenue: $96
- Gross Receipts: $273,306
Assets and Liabilities:
- Total Assets: $506,631
- Total Liabilities: $207,795
- Net Assets: $298,836
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Farmlink
Revenue
$96
Organization Details
Founding Year
2005
Phone
(907) 745-3336Principal Officer
Amy O'Connor
Main Address
248 East Dahlia Avenue, Palmer, AK, 99645
Website
www.akfarmland.com/NTEE Category
Code: C34 - Environment
If you are a representative of Alaska Farmland Trust Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.