National Farmers Trust Inc
- Assets
- $1.5m
- Revenue
- $57.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Trussville, AL
- Founding
- 12/2009
- Data as of
- 12/2021
- EIN
- 26-3176721
Organization Overview
National Farmers Trust Inc is located in Trussville, AL. The organization was established in 2009. According to its NTEE Classification (K25) the organization is classified as: Farmland Preservation, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Farmers Trust Inc 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 12/2021, National Farmers Trust Inc generated $57.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.4%) each year. All expenses for the organization totaled $12.8k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PRESERVATION AND IMPROVEMENT OF CRITICAL NATURAL RESOURCES THROUGHOUT THE SOUTHEASTERN USA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ACQUIRE, DISPOSE OF AND MANAGE LAND IN A MANNER DESIGNED TO PROTECT ITS NATURAL, SCENIC, HISTORIC, PRODUCTIVE, RECREATIONAL AND/OR EDUCATIONAL VALUE; TO ACQUIRE, BY DONATION, PURCHASE OR OTHERWISE, ANY INTEREST OR RIGHT IN REAL OR PERSONAL PROPERTY AND ANY INTEREST OR RIGHTS AS DEEMED APPROPRIATE BY THE BOARD OF DIRECTORS; TO WORK WITH PRIVATE LAND OWNERS, GOVERNMENT AGENCIES, PRIVATE ORGANIZATIONS, AND OTHERS INTERESTED IN THE PRESERVATION OF THESE NATURAL RESOURCES; AND TO MAINTAIN PRIME FARMLAND AND FORESTRY LAND MANAGED ACCORDING TO THE CURRENT "BEST MANAGEMENT PRACTICES" AS DEFINED BY EACH STATE'S APPLICABLE GOVERNING COMMISSION.
TO CONDUCT CONSERVATION EASEMENT MONITORING USING CONSISTENT PROTOCOLS AND RECORD KEEPING PROCEDURES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scottie Jackson Executive Director | Trustee | 1 | $0 |
T Atkins Roberts Jr Director | Trustee | 1 | $0 |
Scott Canterbury Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $35,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $35,000 |
| Total Program Service Revenue | $0 |
| Investment income | $5,970 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $16,811 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $57,781 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,000 |
| Fees for services: Accounting | $2,481 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,872 |
| Fees for services: Other | $425 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $885 |
| All other expenses | $0 |
| Total functional expenses | $12,838 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,145 |
| Savings and temporary cash investments | $0 |
| 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 | $1,241,000 |
| Investments—publicly traded securities | $267,824 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,549,969 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $1,549,969 |
| Net assets with donor restrictions | $0 |
| 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 | $1,549,969 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Farm Of Northwest Florida Inc Bonifay, FL | $723,806 | $250,451 |
New Roots Foundation Inc Delray Beach, FL | $36,666 | $0 |
Southern Sustainable Agriculture Working Group Inc Jonesborough, TN | $0 | $10,226 |
National Farmers Trust Inc Trussville, AL | $1,549,969 | $57,781 |
Georgia Agricultural Land Trust Inc Bremen, GA | $16,870,351 | $3,968 |
Southern Florida Farmed Animal Transition Inc Okeechobee, FL | $38,595 | $0 |