Overview
What is Calvert Farmland Trust Inc?
Calvert Farmland Trust Inc is a nonprofit organization based in Prince Frederick, Maryland. Their primary mission is to preserve agricultural lands for perpetual use through various means, including outreach, education, and direct facilitation of preservation transactions. They record and monitor restrictive covenants, or easements, to ensure the land remains dedicated to agricultural purposes. The Trust offers advisement and facilitation services to landowners, manages farm preservation projects, and may retain or sell Transfer Development Rights. Their work aims to protect and maintain the integrity of farmland, contributing to the sustainability of farming and rural communities in Calvert County.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 69%, earning a Two-Star out of Four Star rating. This rating indicates that Calvert Farmland Trust Inc has some strengths in accountability and finance, but also significant areas for improvement in its overall financial health and program expenses.
The organization demonstrates strong governance, evidenced by its majority independent board and its solid conflict of interest policy, scoring highly in those areas. The trust has also effectively managed its liabilities, with a low ratio to assets, suggesting a stable financial position. However, the program expense ratio of 55.79% suggests that a relatively lower proportion of its expenditures is going directly towards its programs, which could raise concerns about the effectiveness of its fund allocation.
While Calvert Farmland Trust Inc exhibits strong practices in governance and accountability, the lower program expense ratio may limit its impact on the community it serves. Improving this aspect could enhance its overall rating and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Calvert Farmland Trust Inc legitimate?
Calvert Farmland Trust Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Calvert Farmland Trust Inc 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
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What is the mission statement of Calvert Farmland Trust Inc?
The mission of Calvert Farmland Trust Inc is centered around the preservation of farmland for agricultural purposes, indefinitely. They achieve this objective through various means, including outreach, education, and facilitating preservation transactions. The organization records restrictive conservation covenants, or easements, on land records, which limit the land's use to agricultural purposes only. To ensure compliance with these recorded covenants, they conduct periodic surveys, either onsite or using remote/digital methods.
Who is the CEO of Calvert Farmland Trust Inc?
V Wilson Freeland is the President of Calvert Farmland Trust Inc.
What is the revenue of Calvert Farmland Trust Inc?
Calvert Farmland Trust Inc's revenue in 2022 was $6,331.
Who are the executives of Calvert Farmland Trust Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Calvert Farmland Trust Inc?
Calvert Farmland Trust Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Calvert Farmland Trust Inc
Calvert Farmland Trust Inc, as a nonprofit organization, is committed to the mission of safeguarding farmland for agricultural purposes indefinitely. This mission is achieved through a strategic approach that involves outreach, education, and the facilitation of preservation transactions. By recording restrictive conservation covenants, or easements, on the land records, the Trust ensures that the land's use is limited to agricultural purposes, thereby preserving it for future generations. To uphold this commitment, Calvert Farmland Trust Inc conducts periodic monitoring surveys to ensure compliance with the recorded conservation covenants, either through onsite inspections or alternative remote or digital means. This dedication to protecting farmland for agricultural purposes in perpetuity is a testament to Calvert Farmland Trust Inc's role as a steward of the land and its commitment to sustainable agricultural practices.
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Impact
August, 2024
Calvert Farmland Trust Inc's impact lies in the long-term protection and preservation of farmland in Calvert County, Maryland for agricultural purposes. By working directly with landowners, providing advisement and facilitation services for preservation transactions, and monitoring compliance with conservation covenants, the organization ensures that valuable agricultural land remains in use for farming in perpetuity. Additionally, through projects and initiatives like the retention or sale of Transfer Development Rights, the organization actively contributes to the preservation of agricultural heritage and the sustainability of local food systems.
This information is meant to be a general summary of Calvert Farmland Trust Inc. 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: $4,855
- Program Service Revenue: $137
- Gross Receipts: $6,331
Assets and Liabilities:
- Total Assets: $1,075,622
- Total Liabilities: $119,291
- Net Assets: $956,331
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Easement Monitoring Se
Revenue
$137
Organization Details
Founding Year
1994
Phone
(410) 535-0977Principal Officer
V Wilson Freeland
Main Address
PO Box 3448, PRINCE FREDERICK, MD, 20678
NTEE Category
Code: K250 - Food
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