Alaska Farmland Trust Corporation
- Assets
- $506.6k
- Revenue
- $230.8k
- Investments
- $0.0
- Employees
- 2
- Location
- Palmer, AK
- Founding
- 09/2006
- Data as of
- 06/2022
- EIN
- 20-2860877
Organization Overview
Alaska Farmland Trust Corporation is located in Palmer, AK. The organization was established in 2006. According to its NTEE Classification (C34) the organization is classified as: Land Resources Conservation, under the broad grouping of Environment and related organizations. As of 06/2022, Alaska Farmland Trust Corporation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alaska Farmland Trust Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Alaska Farmland Trust Corporation generated $230.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $188.5k during the year ending 06/2022. While expenses have increased by 9.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ALASKA FARMLAND TRUST ENVISIONS A FUTURE WITH THRIVING LOCAL FOOD MARKETS THAT WILL GIVE ALASKANS ACCESS TO FRESH, HEALTHY FOOD, AND KEEP OUR FARMERS FARMING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LANDS PROGRAM: IDENTIFY PROPERTIES TO PROTECT; WORK WITH LANDOWNERS TO PROTECT THEIR FARMLAND; RAISE FUNDS FOR FARMLAND PROTECTION. ASSIST LANDOWNERS WITH EASEMENT PROJECTS AND CONDUCT TRANSACTIONS.
PROGRAM OUTREACH & EDUCATION: EDUCATE THE PUBLIC ABOUT THE LANDS PROGRAM, EASEMENT PROCESS AND GARNER SUPPORT FOR BOTH FARMLAND PRESERVATION AND THE AGRICULTURE INDUSTRY IN GENERAL.
FARMLINK PROGRAM: CONNECT LANDOWNERS WITH LAND SEEKERS TO ASSIST IN TRANSITIONING PROPERTY WHILE MAINTAINING ITS AGRICULTURE INTEGRITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Pettit Executive Director | OfficerTrustee | 40 | $89,898 |
Erin Kittredge Vice Chairman | OfficerTrustee | 4 | $0 |
Carol Kinney Secretary | OfficerTrustee | 2 | $0 |
Robert Jones Treasurer | OfficerTrustee | 2 | $0 |
Leslie Senden Chairman | OfficerTrustee | 4 | $0 |
Sarah Phips Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $17,467 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $198,288 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $215,755 |
| Total Program Service Revenue | $96 |
| Investment income | $60 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $8,698 |
| Net Income from Gaming Activities | $3,997 |
| Net Income from Sales of Inventory | $2,238 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $230,844 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $79,139 |
| Compensation of current officers, directors, key employees. | $12,356 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $40,375 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,789 |
| Payroll taxes | $6,211 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,836 |
| Fees for services: Accounting | $9,319 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,263 |
| Advertising and promotion | $999 |
| Office expenses | $12,826 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $81 |
| Travel | $1,449 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,562 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,955 |
| Insurance | $1,238 |
| All other expenses | $0 |
| Total functional expenses | $188,498 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $371,210 |
| Savings and temporary cash investments | $127,056 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $8,365 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $506,631 |
| Accounts payable and accrued expenses | $510 |
| Grants payable | $0 |
| Deferred revenue | $207,285 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $207,795 |
| Net assets without donor restrictions | $182,502 |
| Net assets with donor restrictions | $116,334 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $506,631 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Alaska Farmland Trust Corporation has recieved totaling $246,619.
| Awarding Organization | Amount |
|---|---|
The Valley Hospital Association Inc Wasilla, AK PURPOSE: PROGRAM SUPPORT & SPONSORSHIP | $246,350 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $269 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Forterra Nw Seattle, WA | $50,722,861 | $15,501,876 |
Columbia Land Trust Vancouver, WA | $128,484,045 | $26,603,330 |
Boreal Songbird Initiative Seattle, WA | $3,462,236 | $1,922,270 |
San Juan Preservation Trust Friday Harbor, WA | $63,398,205 | $3,224,366 |
Whidbey-Camano Land Trust Greenbank, WA | $19,824,922 | $5,155,623 |
Pcc Farmland Trust Seattle, WA | $10,680,285 | $2,998,617 |
Chelan-Douglas Land Trust Wenatchee, WA | $31,075,707 | $7,176,857 |
American Friends Of Canadian Conservation Bellingham, WA | $3,170,106 | $2,721,306 |
Back Country Horsemen Of Washington Ellensburg, WA | $871,809 | $2,497,689 |
Great Land Trust Inc Anchorage, AK | $13,403,260 | $2,212,039 |
Native Conservancy Anchorage, AK | $1,027,547 | $1,782,029 |
Interior Alaska Land Trust Fairbanks, AK | $1,187,189 | $1,843,442 |