Overview
What is Texas Agricultural Land Trust Foundation?
The Texas Agricultural Land Trust Foundation is a nonprofit organization situated in San Antonio, Texas. Its primary role involves managing the endowment assets of the Texas Agricultural Land Trust and procuring financial support for the Land Trust's operations. To ensure the long-term sustainability of the Land Trust, the Foundation established the Forever Texas Fund Endowment. This fund generates income to cater to the operational needs of the Texas Agricultural Land Trust indefinitely. The Board of the Foundation has set a threshold of $10,000,000 before distributing funds from this account. Furthermore, the Foundation manages the investment income and disbursements for the Stewardship Endowment, which funds the conservation easements held by the Texas Agricultural Land Trust, overseeing their preservation. In essence, the Foundation supports the Texas Agricultural Land Trust by providing financial resources and other necessary assistance.
Is Texas Agricultural Land Trust Foundation legitimate?
Texas Agricultural Land Trust Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Texas Agricultural Land Trust Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Texas Agricultural Land Trust Foundation?
The Texas Agricultural Land Trust Foundation's mission is to support the Texas Agricultural Land Trust (TALT), a nonprofit organization, financially and resourcefully. As a 501(c)(3), the Foundation manages the endowment assets of TALT, solicits financial support for its operations, and has established the Forever Texas Fund Endowment to provide investment income for its long-term needs. The Foundation also manages the investment income and disbursements for the Stewardship Endowment, which funds the conservation easements held by TALT. The Foundation's activities aim to ensure the sustainable and responsible management of agricultural land in Texas.
Who is the CEO of Texas Agricultural Land Trust Foundation?
Chad Ellis is the Chair of Texas Agricultural Land Trust Foundation. The CEO's salary of Texas Agricultural Land Trust Foundation is $0 and their total compensation is $163,454.
What is the revenue of Texas Agricultural Land Trust Foundation?
Texas Agricultural Land Trust Foundation's revenue in 2023 was $1,978,417.
Who are the executives of Texas Agricultural Land Trust Foundation and what are their salaries?
There 9 volunteers at Texas Agricultural Land Trust Foundation.
Here are 10 key members and their salaries (Texas Agricultural Land Trust Foundation's CEO's salary is $0 and their total compensation is $163,454):
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- Related: $151,865
- Other: $11,589
Where can I find the form 990 for Texas Agricultural Land Trust Foundation?
Texas Agricultural Land Trust Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Texas Agricultural Land Trust Foundation
The Texas Agricultural Land Trust Foundation serves a crucial role in supporting the Texas Agricultural Land Trust (TALT), a 501(c)(3) organization. Its mission is to provide financial and various resources exclusively for TALT. The Foundation fulfills this mission by managing the endowment assets of TALT and soliciting financial support for the organization's operations. One of its significant initiatives is the Forever Texas Fund Endowment, which generates investment income to sustain TALT's operating needs indefinitely. The Foundation holds a resolution, stipulating that distributions from this fund will only be made once it reaches a balance of $10,000,000. Additionally, the Foundation is responsible for managing the investment income and disbursements for the Stewardship Endowment, which funds the maintenance of the conservation easements held by TALT. Overall, the Texas Agricultural Land Trust Foundation plays a vital role in ensuring the financial stability and conservation efforts of the Texas Agricultural Land Trust.
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Impact
October, 2024
Texas Agricultural Land Trust Foundation plays a crucial role in the sustainability and stewardship of agricultural land in Texas. By managing and growing the Forever Texas Fund Endowment, the Foundation ensures that funding for the Texas Agricultural Land Trust's operations continues in perpetuity. This financial support is essential for maintaining the ongoing efforts to protect and conserve agricultural land across the state.
Moreover, the Foundation oversees the Stewardship Endowment, which specifically funds the stewardship of conservation easements held by the Texas Agricultural Land Trust. This ensures that landowners receive the necessary resources to manage their properties sustainably while preserving vital agricultural landscapes.
The strategic deferral of fund distributions until the Forever Texas Fund Endowment reaches a balance of $10,000,000 underscores a commitment to long-term financial health and stability. By fostering resilience in agricultural practices, the Texas Agricultural Land Trust Foundation significantly impacts both the environment and local food systems, promoting sustainable agriculture in Texas.
This information is meant to be a general summary of Texas Agricultural Land Trust Foundation. 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 2023.
- Investment Income: $181,722
- Gross Receipts: $2,584,462
Assets and Liabilities:
- Total Assets: $8,129,260
- Total Liabilities: $0
- Net Assets: $8,129,260
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Organization Details
Founding Year
2013
Phone
(210) 826-0074Principal Officer
Chad Ellis
Main Address
1919 Oakwell Farms Parkway 100, San Antonio, TX, 78218
NTEE Category
Code: K99 - Food
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