Lancaster Farmland Trust
- Assets
- $11.2m
- Revenue
- $10.3m
- Investments
- $0.0
- Employees
- 16
- Location
- Strasburg, PA
- Founding
- 09/2006
- Data as of
- 12/2023
- EIN
- 20-4233446
Organization Overview
Lancaster Farmland Trust is located in Strasburg, PA. 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 12/2023, Lancaster Farmland Trust employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lancaster Farmland Trust 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 12/2023, Lancaster Farmland Trust generated $10.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $11.0m during the year ending 12/2023. While expenses have increased by 9.6% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
LANCASTER FARMLAND TRUST PERMANENTLY PRESERVES AND PROTECTS PRODUCTIVE AGRICULTURAL LAND; PROMOTES GOOD STEWARDSHIP OF THE LAND TO ENHANCE AND IMPROVE THE ENVIRONMENT; AND SUPPORTS PUBLIC POLICY, LASWS AND ACTIONS THAT ENCOURAGE FARMLAND PRESERVATION AND PROTECTION OF NATURAL RESOURCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LANCASTER FARMLAND TRUST PRESERVES AND PROTECTS PRODUCTIVE AGRICULTURAL LAND; PROMOTES GOOD CONSERVATION PRACTICES THROUGH OUTREACH AND EDUCATION; AND SUPPORTS AND ENCOURAGES PUBLIC POLICY AND ACTIONS THAT CONTRIBUTE TO FARMLAND PRESERVATION AND GOOD STEWARDSHIP OF THE LAND. DURING THE CURRENT YEAR, LANCASTER FARMLAND TRUST PERMANENTLY PRESERVED 17 FARMS AND 1,335 ACRES OF THE MOST PRODUCTIVE, NON-IRRIGATED LAND IN THE UNITED STATES. IN ADDITION, THE TRUST WAS ABLE TO EDUCATE 1,579 FARMERS IN THE CURRENT YEAR THROUGH EDUCATIONAL WORKSHOPS TO INSTRUCT FARMERS IN BEST MANAGEMENT PRACTICES; EVENTS; AND INDIVIDUAL FARM VISITS TO PROMOTE GOOD PRACTICES AND ASSIST IN THE IMPLEMENTATION. THE TRUST ALSO PROVIDED EDUCATION AND OUTREACH TO MUNICIPAL OFFICIALS ABOUT POLICIES THAT SUPPORT PRESERVATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffery E Swinehart President & | Officer | 40 | $163,799 |
Julie Bard-Ziegler Trustee | Trustee | 1 | $0 |
Emily Bell Secretary | OfficerTrustee | 1 | $0 |
Sam Clement Trustee | Trustee | 1 | $0 |
Melissa Falk Trustee | Trustee | 1 | $0 |
Kendra Gottshall Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dml Poured Walls Llc Construction | 12/30/23 | $1,764,028 |
Stony Lane Construction Construction | 12/30/23 | $696,944 |
Team Ag Inc Consulting | 12/30/23 | $210,471 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $128,058 |
| Related organizations | $0 |
| Government grants | $1,987,695 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,567,463 |
| Noncash contributions included in lines 1a–1f | $3,791,747 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,683,216 |
| Total Program Service Revenue | $328,152 |
| Investment income | $295,898 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,333 |
| Net Income from Fundraising Events | -$16,934 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,288,807 |
| 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. | $178,321 |
| Compensation of current officers, directors, key employees. | $44,580 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $712,767 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $72,966 |
| Payroll taxes | $65,178 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $65 |
| Fees for services: Accounting | $50,076 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,066,736 |
| Advertising and promotion | $0 |
| Office expenses | $59,277 |
| Information technology | $38,291 |
| Royalties | $0 |
| Occupancy | $41,183 |
| Travel | $14,798 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,142 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $41,852 |
| Insurance | $52,070 |
| All other expenses | $26,508 |
| Total functional expenses | $11,006,996 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $730 |
| Savings and temporary cash investments | $1,866,319 |
| Pledges and grants receivable | $770,505 |
| Accounts receivable, net | $43,908 |
| 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 | $7,569 |
| Net Land, buildings, and equipment | $481,788 |
| Investments—publicly traded securities | $7,981,368 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,152,187 |
| Accounts payable and accrued expenses | $300,961 |
| Grants payable | $0 |
| Deferred revenue | $240,925 |
| 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 | $541,886 |
| Net assets without donor restrictions | $9,056,800 |
| Net assets with donor restrictions | $1,553,501 |
| 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 | $11,152,187 |