Overview
What is Oregon Agricultural Trust?
Oregon Agricultural Trust is a nonprofit organization based in Salem, Oregon, dedicated to preserving and protecting agricultural lands within the state. They work closely with farmers and ranchers, providing them with opportunities to donate their properties or convey working land easements to secure their land from development. This process helps in succession planning or business expansion, while offering the landowners charitable tax credits and/or cash. The Trust's mission extends beyond just land preservation, as they also aim to educate all Oregonians about the importance of protecting agricultural landscapes. They provide information on succession planning, easements, and other related topics to help farmers, attorneys, accountants, appraisers, the public, and decision-makers. Technical assistance is another key aspect of their work, where they aim to increase the protection of agricultural lands in the state through collaborative efforts with other land trusts and easement holders. They offer referrals, consultations, brainstorming projects, and partnerships on projects that result in the protection of agricultural lands. Advocacy is another crucial part of their mission, where they support the Coalition of Oregon Land Trusts in advocating for legislation and funding that increase working land preservation. They believe that these programs, such as the Oregon Agricultural Heritage Program and the federal ACEP-ALE program, are essential for maintaining food security, conservation, open space, and thriving rural economies. Despite funding being limited and often insufficient, the Trust continues to advocate for these programs to meet the demand for land preservation.
What are the reviews and ratings of this charity?
Charity Navigator Rating 76% - Three-Star out of Four Star rating
Oregon Agricultural Trust has received a Three-Star rating from Charity Navigator, reflecting a score of 76%. This rating indicates a solid level of accountability and finance management, demonstrating that the organization is effectively overseeing its financial practices and operating with a high degree of transparency. The trust has an entirely independent board, which enhances its governance and decision-making processes.
The organization excels in several accountability metrics, including having no material diversion of assets and a strong conflict of interest policy. It has also established comprehensive policies for whistleblower protection and document retention, contributing to its sound governance framework. Additionally, the trust has a low liabilities-to-assets ratio, suggesting financial stability.
However, the program expense ratio of 55.30% indicates that a considerable portion of its expenses goes towards administrative costs rather than direct program services. This might raise concerns for some donors regarding the effectiveness of their contributions. Overall, while Oregon Agricultural Trust demonstrates strong governance and financial health, there is room for improvement in its program expense allocation.
This AI summary has been generated from information found on Charity Navigator.
Is Oregon Agricultural Trust legitimate?
Oregon Agricultural Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Oregon Agricultural Trust 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: $110,857
Professional Fundraising Fees: $0
Other Salaries and Wages: $355,053
For more financial information, click here
What is the mission statement of Oregon Agricultural Trust?
The Oregon Agricultural Trust partners with farmers and ranchers to protect agricultural lands for the benefit of the local economy, communities, and landscapes. Its mission is to preserve these lands, enabling them to remain in production, by offering assistance in permanently protecting property through donations or working land easements. These measures can be particularly useful in succession planning or business expansion, as they allow landowners to receive tax credits and cash incentives.
The organization also plays a crucial educational role, informing Oregonians about the importance and methods of protecting agricultural landscapes. Furthermore, it provides technical assistance to other land trusts and easement holders to increase the protection of agricultural lands in the state. Advocacy efforts focus on securing funding for federal, state, and local programs that pay farmers and ranchers to preserve their lands, addressing the need for increased funding to meet the growing demand for working land preservation.
Who is the CEO of Oregon Agricultural Trust?
Nellie Mcadams is the Executive Dir. of Oregon Agricultural Trust.
What is the revenue of Oregon Agricultural Trust?
Oregon Agricultural Trust's revenue in 2022 was $1,158,176.
Who are the executives of Oregon Agricultural Trust and what are their salaries?
The average compensation at Oregon Agricultural Trust during 2022 was $46,591. There are 10 employees and 18 volunteers at Oregon Agricultural Trust.
Here are 12 key members and their salaries:
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Where can I find the form 990 for Oregon Agricultural Trust?
Oregon Agricultural Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Oregon Agricultural Trust
The Oregon Agricultural Trust is an organization that partners with farmers and ranchers to protect agricultural lands for the benefit of Oregon's economy, communities, and landscapes. The mission of the Oregon Agricultural Trust revolves around preserving agricultural lands permanently, ensuring they remain in production. By donating their property or conveying a working land easement, landowners can remove development rights that interrupt farming, and in return, they can receive a charitable tax credit and/or cash, which can be particularly beneficial in succession planning or business expansion.
The organization understands the importance of succession planning for passing a farm or ranch to the next generation, and easements can aid in this process while preserving the land forever. In addition to educating farmers and ranchers about how to pass on their legacies, the Oregon Agricultural Trust also caters to the needs of lawyers, accountants, appraisers, the public, and decision-makers, providing them with the necessary information to help.
Moreover, the Oregon Agricultural Trust aims to increase the protection of agricultural lands in the state. This is achieved not only by holding easements but also by enhancing the capacity of fellow land trusts and other easement holders. The organization provides support to its peer organizations as they conserve agricultural lands in their regions, offering referrals, consultations, brainstorming projects, and partnering in some way on projects that result in the protection of agricultural lands.
In their advocacy efforts, the Oregon Agricultural Trust supports several federal, state, and local funding programs that pay Oregon farmers and ranchers to preserve their lands. These programs support the public benefits of food security, conservation, open space, and thriving rural economies. However, program funding is not guaranteed and usually does not meet the demand. Therefore, the organization supports the Coalition of Oregon Land Trusts in advocating for legislation and funding that increase working land preservation.
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Impact
June, 2024
Oregon Agricultural Trust's impact can be seen in the preservation of agricultural lands in Oregon. By partnering with farmers and ranchers, the organization helps to protect these vital lands for the benefit of Oregon's economy, communities, and landscapes. Through their land protection efforts, Oregon Agricultural Trust works to ensure that farmland remains in production by facilitating donations of property or working land easements. This not only preserves the land for future generations but also provides landowners with valuable tax credits and cash incentives.
Moreover, the organization plays a crucial role in educating stakeholders about the importance of preserving agricultural landscapes and succession planning for farms and ranches. By providing technical assistance to fellow land trusts and advocating for increased funding for land preservation programs, Oregon Agricultural Trust contributes to the long-term sustainability of Oregon's agricultural sector and the broader environment.
This information is meant to be a general summary of Oregon Agricultural Trust. 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: $12,175
- Gross Receipts: $1,158,176
Assets and Liabilities:
- Total Assets: $2,312,330
- Total Liabilities: $174,871
- Net Assets: $2,137,459
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Organization Details
Founding Year
2020
Phone
(503) 858-2683Principal Officer
Nellie Mcadams
Main Address
PO Box 7359, Salem, OR, 97303
NTEE Category
Code: C34 - Environment
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