2024-08-29T09:37:27-05:00 2024-03-31 760269860 Blazek & Vetterling 2900 Weslayan Suite 200 Houston TX 77027 990 2023-04-01 260161807 Texas Agricultural Land Trust TEXA 2108260074 PO Box 6152 San Antonio TX 78209 Chad Ellis Chief Executive Officer 2108260074 2024-08-29 1 0 Kurt Coburn P01638285 7134395739 2024-08-29 2023 2024-08-08 14:25:15Z Chad Ellis PO Box 6152 San Antonio TX 78209 12545692 0 X www.txaglandtrust.org X 2007 TX To conserve the Texas heritage of agricultural lands, natural resources, and wildlife habitats. 20 20 13 20 0 0 27377827 11423268 159510 563285 83494 81489 0 0 27620831 12068042 0 0 0 0 829523 1058059 244 0 126182 26810894 10836922 27640661 11894981 -19830 173061 3316626 3678229 125306 151653 3191320 3526576 X See Schedule O 0 0 10890238 563285 Conservation easements to protect working lands: TALT partners with landowners who seek donated conservation easements, purchase of development rights, and mitigation banks. TALT staff provides professional, efficient, responsive and experienced service for the negotiations of conservation easements. TALT will then monitor and steward these easements on an annual basis. TALT's processes have been developed to incorporate best management practices from the Land Trust Alliance (LTA) and from members of the Partnership of Rangeland Trusts (PORT). TALT earned an accrediation seal in 2019 from the Land Trust Accreditation Commission. This is awarded to land trusts meeting the highest national standards for excellence and conservation permanence. (See Schedule O for continuation) 596039 TALT's outreach efforts focus on two key areas: educating landowners and their advisors on the effective use of conservation easements for land protection, conservation, and intergenerational transfer, and informing the public about the benefits of private working lands. Throughout Fiscal Year 2024, TALT organized and participated in numerous workshops and events across the state. These included the Beyond the Fence Line Podcast: "Tools in the Toolbox" (July 2023) and "Ecosystem Services Markets - Who's Who?" (September 2023); the Texas A&M Agrilife Land Conservation Workshop in Boerne, TX (October 2023); a Landowner Workshop on Conservation Easements in Uvalde, TX (November 2023);(See Schedule O for continuation) 11486277 1 1 0 1 0 0 1 0 0 1 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 1 11 0 1 13 1 0 0 0 0 0 0 0 0 0 0 0 0 X 20 20 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 1 1 X Chad Ellis 2108260074 PO Box 6152 San Antonio TX 78209 Russell Marshall Chair 4.00 0.00 X X 0 0 0 Watt R Matthews Vice Chair 4.00 1.00 X X 0 0 0 Roel R Lopez Secretary 4.00 0.00 X X 0 0 0 Michael Conaway Treasurer 4.00 0.00 X X 0 0 0 David Alders Board Member 2.00 0.00 X 0 0 0 Perry R Bass II Board Member 4.00 1.00 X 0 0 0 Sarah Nunley Biedenharn Board Member 2.00 0.00 X 0 0 0 Marshall Bowen Board Member 2.00 0.00 X 0 0 0 Deborah Clark Board Member 2.00 0.00 X 0 0 0 David Crow Board Member 2.00 1.00 X 0 0 0 Charles Davidson Board Member 2.00 0.00 X 0 0 0 Tracy King Board Member 2.00 0.00 X 0 0 0 Kelly Langdon Board Member 2.00 0.00 X 0 0 0 Lindsey Lee Board Member 2.00 0.00 X 0 0 0 Bob McCan Board Member 2.00 0.00 X 0 0 0 James Oliver - Brd Memb 0224 Dir. of Engagement to 10/23 5.00 0.00 X 25247 0 0 Clay Richardson Board Member 2.00 0.00 X 0 0 0 David K Waggoner Board Member 2.00 0.00 X 0 0 0 Fay Fitzsimons Walker Board Member 2.00 0.00 X 0 0 0 Jesse Womack Board Member 2.00 0.00 X 0 0 0 Chad Ellis Chief Executive Officer 40.00 5.00 X 158090 0 9731 183337 0 9731 1 0 1 0 0 53531 356616 11013121 10284066 11423268 Easement condemnation actions 110000 317248 317248 Easement negotiation fees 110000 246037 246037 563285 107426 107426 451713 477650 -25937 -25937 -25937 12068042 563285 0 81489 X 180732 144586 18073 18073 772268 606042 107316 58910 20868 14607 3927 2334 22488 14291 3881 4316 61703 47189 8925 5589 10263 10150 113 53712 53712 103135 89396 13739 12460 12460 41649 40455 1194 5760 5760 85355 51590 12680 21085 31542 24531 2485 4526 52683 33717 11590 7376 83716 65740 15670 2306 5903 5843 60 5344 3421 1175 748 18468 11258 6351 859 Conservation easements 10317369 10317369 Event rental & supplies 9563 332 9231 11894981 11486277 282522 126182 70425 42773 9845 56437 761094 704361 71577 119516 5377 13492 25107 15258 11720 9849 2303823 2689489 82765 42312 3316626 3678229 42541 109341 82765 42312 125306 151653 X 1435969 1946039 1755351 1580537 3191320 3526576 3316626 3678229 173061 162195 0 X 0 1 X 1 0 X 10999595 13647371 12981129 27377827 11423268 76429190 10999595 13647371 12981129 27377827 11423268 76429190 32175873 44253317 53187 52143 65215 92980 107426 370951 76800141 967401 0.57620 0.55610 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 103135 103135 11779386 11882521 744126 186032 0 0 840033 794700 1000000 744126 3378859 5068289 90004 103135 193139 210008 198675 250000 186032 844715 1267073 X X 47 280614.00 0 0 2 1 267.00 18500 8886696 4345999 1633281 114150 14751826 7156440 2121696 -343077 48363 8886696 5344704 1626516 233990 48770 7156440 3699721 190372 1496564 41953 5344704 3590902 517367 -377365 31183 3699721 0.14130 0.72773 0.13097 0 1 1 25107 15258 9849 9849 Lease liabilities 42312 42312 18046542 162195 5882296 6044491 12002051 12460 53531 65991 12068042 11934566 52045 52045 11882521 12460 12460 11894981 Part II, Line 5: The organization has written policies and procedures regarding the regular annual monitoring and inspection of all conservation easements and the enforcement of conservation easement terms. The annual monitoring and inspection of conservation easements as well as the enforcement of its terms are provided for in its conservation easement documents. Cost for annual monitoring and enforcement are secured for every conservation easement through a stewardship and enforcement fund contribution held by the TALT Foundation, a Type 1 supporting organization under section 509(a)(3). TALT is in accredited Land Trust, recognized by the Land Trust Alliance. Part II, Line 9: In conformity with the practice followed by many land trusts, conservation easements purchased or donated are not recorded as assets in the statement of finacial postion. TALT believes the conservation easments do not have a future value as the property interest held by TALT provides no affirmative rights beyond the obligation to monitor and enforce the terms of the easements. All easements acquired by purchase are recognized as a conservation expense in the statement of activities. Donated easements are recorded as an in-kind contribution and conservation expense at the fair market value of the easement. Costs incurred in obtaining easements are expensed as incurred. 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 and fund the annual monitoring of the conservation easments held by Texas Agricultural Land Trust. Part XI, Line 2d - Other Adjustments: TALT Foundation revenue 5,882,296. Part XI, Line 4b - Other Adjustments: Support from Foundation 53,531. Part XII, Line 2d - Other Adjustments: TALT Foundation expenses 52,045. X X X X 0 0 0 0 0 0 0 0 0 Chad Ellis Chief Executive Officer 158090 0 0 0 0 0 5111 0 4620 0 167821 0 0 0 X 1 50066 NYSE X 4 10234000 Appraisal FMV 4 0 1 0 Form 990, Part III, Line 1 The mission of the Texas Agricultural Land Trust (TALT) is to conserve the Texas heritage of agricultural lands, natural resources and wildlife habitats. TALT works to sustain the long-term stewardship of private lands for the benefit of all Texans. TALT accomplishes its mission through voluntary conservation measures, education and outreach efforts. TALT partners with private landowners to negotiate and transact conservation easements that protect important conservation values, in accordance with IRC Section 170(h). These privately stewarded lands provide public benefits such as productive agricultural lands, scenic views, drinking water protection, natural wildlife habitat and open space. With a state that holds 94% privately owned lands, TALT works to educate the public on the many public benefits provided by the stewardship of private lands, and to educate Texas landowners about the use of conservation easements. Additionally, TALT is working alongside private landowners and industry through understanding the value ecosystem service markets bring not only to landowners, but collectively to all Texans. Since 2007, TALT has helped landowners to protect approximately 280,000 acres of Texas. Form 990, Part III, Line 4a (Continued from Part III) TALT closed 4 easements in the tax year bringing acres under TALT held conservation easements to over 280,000. TALT is the largest state-based land trust in Texas. Form 990, Part III, Line 4b (Continued from Part III) the National Cattlemen's Beef Association CattleCon - Improving Farm and Ranch Resilience (February 2024); the Texas Land Conservation Conference (February 2024) Additionally, TALT actively romotes the value of working lands through its newsletter, website, social media platforms, and speaking engagements. Form 990, Part VI, Section A, line 1a The Executive Committee consists of the Chairman of the Board, the Vice-Chair, and the Treasurer. The Chief Executive Officer shall serve as an ex-officio member of the Executive Committee. The Executive Committee previews issues for full discussion before Board meetings, serves as a sounding board for TALT's Chief Executive Officer, acts in a time-sensitive manner when the full TALT Board of Directors is not available, acts on grievance and whistle blower action brought forward by staff, and plans the calendar and general work plan for the Board of Directors. Form 990, Part VI, Section B, line 11b The Audit Committee 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 Audit Committee, 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 The CEO tracks any potential conflicts and there is a standing agenda item at every board meeting to remind the board members to disclose any conflicts of interest to the Board Chairman. Once a year, the conflicts are recognized and it is determined whether any conflict could confer a significant economic advantage compared to the general public, and that it is fair and further benefits TALT's objectives. In addition, the TALT Board member with the conflict recuses himself/herself from discussions and voting involving the conflict. Form 990, Part VI, Section B, line 15a Texas Agricultural Land Trust (TALT) uses comparative salary data gleaned from 990s of similar non-profit organizations and salary data provided by the Land Trust Alliance. This information is reviewed during the interview process and annual review process. Form 990, Part VI, Section C, line 19 TALT includes its Governing Principles, Strategic Plan and Annual Report (which includes a summary of the audited financials) on the website. Additional information is provided upon request. Form 990, Part IX, Line 24a - Conservation easements All conservation easements purchased or donated are recognized as conservation expense on TALT's statement of activities and are not recorded as assets in the statement of financial position. TALT believes the conservation easements do not have a future value as the property interest held by TALT provides no affirmative rights beyond the obligation to monitor and enforce the terms of the easements. See Schedule D, Part II for more information on TALT's conservation easememnts. Texas Agricultural Land Trust Foundation PO Box 6152 San Antonio TX 78209 464540280 Support TALT TX 501(c)(3) Line 12a, I Texas Agricultural Land Trust 1 0 0 1 0 0 0 0 0 0 0 0 1 0 1 1 0 1 0 0 Texas Agricultural Land Trust Foundation C 53531 Cash