2023-08-17T16:09:04-05:00 2023-03-31 760269860 Blazek & Vetterling 2900 Weslayan Suite 200 Houston TX 77027 990 2022-04-01 464540280 Texas Agricultural Land Trust Foundation TEXA 2108260074 1919 Oakwell Farms Parkway 100 San Antonio TX 78218 Chad Ellis Chief Executive Officer 2108260074 2023-08-17 1 Chad Ellis 999009999 0 Barbara Murphy P01386215 7134395739 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z Chad Ellis 1919 Oakwell Farms Parkway 100 San Antonio TX 78218 2584462 0 X N/A X 2013 TX The Foundation provides financial support and other resources exclusively for TALT. 9 9 0 9 0 0 1658849 1945638 0 0 135998 181722 0 -148943 1794847 1978417 29076 48363 0 0 0 0 0 0 0 31692 33983 60768 82346 1734079 1896071 6498938 8129260 163333 0 6335605 8129260 The Foundation provides financial and other resources in support exclusively for Texas Agricultural Land Trust ("TALT"), a Texas tax exempt nonprofit corporation, classified as a 501(c)(3) organization. 0 0 48363 48363 The Foundation holds and manages the endowment assets of the Texas Agricultural Land Trust and solicits financial support for the Land Trust's operations. The Foundation created the Forever Texas Fund Endowment which provides investment income to support the operating needs of the Texas Agricultural Land Trust in perpetuity. The Board passed a resolution that distributions from this fund will be deferred until the fund reaches a balance of $10,000,000. The Foundation also manages the investment income and disbursements for the Stewardship Endowment which provides funding for the stewardship of the conservation easements held by the Texas Agricultural Land Trust. 48363 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 9 9 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 X Chad Ellis 2108260074 1919 Oakwell Farms Pkwy Ste 100 San Antonio TX 78218 Joseph Fitzsimons Chair 1.00 0.00 X X 0 0 0 Toby Calvert Treasurer 1.00 0.00 X X 0 0 0 Richard M Lucas Jr Secretary 1.00 0.00 X 0 0 0 Perry Bass Director 1.00 2.00 X 0 0 0 David Crow Director 1.00 4.00 X 0 0 0 Will Harte Director 1.00 0.00 X 0 0 0 Karen Hixon Director 1.00 0.00 X 0 0 0 Steve C Lewis Director 1.00 0.00 X 0 0 0 Watt Matthews Director 1.00 2.00 X 0 0 0 Chad Ellis Chief Executive Officer 5.00 40.00 X 0 151865 11589 0 151865 11589 0 0 1 0 0 654015 50000 1241623 125494 1945638 178381 178381 379443 376102 3341 3341 3341 81000 654015 229943 -148943 -148943 1978417 0 0 32779 48363 48363 1300 1300 32388 32388 23 23 272 272 82346 48363 33983 0 157743 295837 921040 731951 75336 5344819 7101472 6498938 8129260 163333 163333 0 X 1933941 1812290 4401664 6316970 6335605 8129260 6498938 8129260 X 1896071 -427416 325000 X 0 1 X 1 0 X X X 1 Texas Agricultural Land Trust 260161807 7 1 82346 0 1 82346 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6335605 2121695 -278082 46821 3137 8129260 4495146 1658849 212410 29076 1724 6335605 3093334 155372 1279713 29764 3509 4495146 2904533 517367 -313871 14695 3093334 1852535 1045590 40523 34115 2904533 0.22293 0.71126 0.06581 0 0 0 28919810 -427416 27401197 26973781 1946029 32388 32388 1978417 27628951 27627356 27627356 1595 32388 48363 80751 82346 Part V, Line 4: Endowment funds are to be held in perpetuity and invested to produce distributions to the Texas Agricultural Land Trust to fund operating costs. Part XI, Line 2d - Other Adjustments: TALT Revenue 27,401,197. Part XII, Line 2d - Other Adjustments: TALT expenses 27,627,356. Part XII, Line 4b - Other Adjustments: Support to TALT 48,363. Gala 735015 654015 81000 57734 71171 96318 4720 735015 654015 81000 57734 71171 96318 4720 229943 -148943 1 Texas Agricultural Land Trust PO Box 6152 San Antonio TX 78209 260161807 501(c)(3) 48363 0 General support 1 0 Part I, Line 2: The organization only makes grants to its supported organization, Texas Agricultural Land Trust. The Foundation Board, while appointed by the TALT Board, operates independently to exercise oversight of the grants approved. 0 0 0 0 0 0 0 0 0 Chad Ellis Chief Executive Officer 0 151865 0 0 0 0 0 3344 0 8245 0 163454 0 0 Part I, Line 3 Texas Agricultural Land Trust uses comparative salary data gleaned from 990s of similar non-profit organizations and salary data provided by the Land Trust Alliance to establish compensation of the CEO. This information is reviewed during the interview process and annual review process. X 2 125494 NYSE 0 1 0 Form 990, Part VI, Section A, line 2 Joseph Fitzsimons and Toby Calvert have a family relationship. Form 990, Part VI, Section A, line 6 The Foundation has one member - Texas Agricultural Land Trust. Form 990, Part VI, Section A, line 7a Texas Agricultural Land Trust is the sole member and has the exclusive power to add or remove a board member of the Foundation. Form 990, Part VI, Section A, line 7b The member will add or remove directors from the board. The member also has the authority to change the terms of service by a director and the power to alter or amend the bylaws. Form 990, Part VI, Section B, line 11b The Chairman/Treasurer receives (via email) the draft of the 990 at least 2 days before a call with the CPA firm who prepared the document. A conference call with the CPA firm is held to discuss important topics and to review the Form 990. Once approved by the Chairman, the draft Form 990 is distributed to the entire Board of Directors prior to filing with the IRS. Form 990, Part VI, Section B, line 12c All members of the board of directors are reminded of the conflict of interest policy at every board of directors meeting. All members are encouraged to report conflicts to the president as soon as they arise. New Board members sign a conflict of interest form that describes any conflict or confirms that not conflicts exist. Form 990, Part VI, Section C, line 19 Texas Agricultural Land Trust Foundation's governing documents, conflict of interest policy, and financial statements are available for public inspection, without charge, at its principal offices during regular business hours. Form 990, Part XI, line 9: Transfer from TALT - Stewardship transfer 325,000. Texas Agricultural Land Trust PO Box 6152 San Antonio TX 78209 260161807 Land conservation TX 501(c)(3) Line 7 N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1