Calvert Farmland Trust Inc
- Assets
- $1.1m
- Revenue
- $1.7k
- Investments
- $654.9k
- Employees
- 0
- Location
- Prince Frederick, MD
- Founding
- 08/1994
- Data as of
- 12/2021
- EIN
- 52-1828261
Organization Overview
Calvert Farmland Trust Inc is located in Prince Frederick, MD. The organization was established in 1994. 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. Calvert Farmland 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, Calvert Farmland Trust Inc generated $1.7k 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 (20.6%) each year. All expenses for the organization totaled $5.3k 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
PROTECTION OF FARM LAND,IN PERPETUITY, FOR AGRICULTURAL PURPOSES BY MEANS OF OUTREACH, EDUCATION AND DIRECT FACILITATION OF PRESERVATION TRANSACTIONS. HOLD AND MONITOR COMPLIANCE WITH RESTRICTIVE CONSERVATION COVENANTS (EASEMENTS) RECORDED IN THE CALVERT COUNTY LAND RECORDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROTECTION AND EVALUATION OF AGRICULTURAL LAND FOR PERMANENT PRESERVATION IN AGRICULTURAL USE. CONTACT WITH LAND OWNERS, OFFERING ADVISEMENT AND/OR FACILITATION SERVICES FOR PRESERVATION OF FARM LAND. CONTINUATION OF FARM PRESERVATION PROJECTS AND RETENTION OR SALE OF "TRANSFER DEVELOPMENT RIGHTS".
DISTRIBUTE PERIODIC OUTREACH LETTERS, PARTICIPATE IN OUTREACH WORKING COMMITTEES AND COMMUNITY EVENTS, TO EDUCATE LAND OWNERS OF LAND PRESERVATION BENEFITS AND TO PROMOTE OPPORTUNITIES FOR LAND PRESERVATION WITHIN CALVERT COUNTY, MD.
TO ASSURE COMPLIANCE WITH RESTRICTIVE COVENANTS, COMPLETE EASEMENT MONITORING SURVEYS FOR SEVERAL FARMS, INCLUDING DOCUMENTATION OF CONSERVATION PERFORMANCE IN ACCORDANCE WITH SPECIFIC REQUIREMENTS PLACED ON PRESERVED PROPERTIES. ONGOING EASEMENT RECORD KEEPING AND PROPERTY MONITORING, AS REQUIRED, FOR A TOTAL OF 22 FARMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
V Wilson Freeland President | OfficerTrustee | 2 | $0 |
Hagner Mister Secretary | OfficerTrustee | 1 | $0 |
Peter G Baker Treasurer | OfficerTrustee | 2 | $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 | $1,678 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,678 |
| Total Program Service Revenue | $208 |
| Investment income | $535 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$700 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,721 |
| 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 | $0 |
| Fees for services: Accounting | $1,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| 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 | $1,870 |
| All other expenses | $1,678 |
| Total functional expenses | $5,348 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,535 |
| Savings and temporary cash investments | $266,409 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $654,918 |
| Investments—program-related | $143,387 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,074,249 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $52,199 |
| 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 | $67,092 |
| Total liabilities | $119,291 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $954,958 |
| 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 | $1,074,249 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Freshfarm Markets Inc Washington, DC | $2,427,804 | $5,781,214 |
The Lands At Hillside Farms Shavertown, PA | $11,516,435 | $4,464,384 |
Lundale Farm Inc Kimberton, PA | $7,671,849 | $866,449 |
Georgia Farm Foundation Philadelphia, PA | $4,035,822 | $451,531 |
Philadelphia Society For Promoting Agriculture Malvern, PA | $464,975 | $0 |
Cecil County Farm Museum & Regional Agricultural Center Inc Elkton, MD | $474,212 | $0 |
Calvert Farmland Trust Inc Prince Frederick, MD | $1,074,249 | $1,721 |
Centre Township Land Protection Foundation Mohrsville, PA | $77,247 | $0 |
Harmaleah Farm Foundation Spring City, PA | $0 | $0 |