2025-08-25T12:08:30-05:00 2025-03-31 760269860 Blazek & Vetterling 2900 Weslayan Suite 200 Houston TX 77027 990 2024-04-01 260161807 Texas Agricultural Land Trust TEXA 2108260074 PO Box 6152 San Antonio TX 78209 Chad Ellis Chief Executive Officer 2108260074 2025-08-25 1 0 Kurt Coburn P01638285 7134395739 2025-08-25 2024 2025-03-06 01:10:19Z Chad Ellis PO Box 6152 San Antonio TX 78209 28421964 0 X www.txaglandtrust.org X 2007 TX To conserve the Texas heritage of agricultural lands, natural resources, and wildlife habitats. 18 18 12 18 0 0 11423268 27274119 563285 335402 81489 147684 0 0 12068042 27757205 0 0 0 0 1058059 1216344 0 0 117402 10836922 22217313 11894981 23433657 173061 4323548 3678229 8007074 151653 112160 3526576 7894914 X See Schedule O 0 0 22314164 335402 TALT conserves working lands through voluntary conservation easements that allow landowners to retain ownership and management of their property while permanently limiting development. These easements protect agricultural viability, open space, and natural resources, while also serving as valuable tools for estate planning and reinvestment in land operations. Easements may be donated, purchased, or structured as a combination of both. TALT provides expert support throughout the easement process, offering professional, efficient, and responsive service. Once an easement is completed, TALT assumes responsibility for annual stewardship monitoring. (See Schedule O for continuation) 694419 TALT's education and outreach program is dedicated to empowering landowners with the knowledge and resources needed to make informed decisions about land conservation and succession planning. By focusing on the practical applications of conservation easements, TALT helps landowners understand how these tools can protect working lands, preserve family legacies, and support long-term land stewardship. Throughout the year, TALT engages with audiences across Texas through a variety of outreach channels, including in person events, digital media, and collaborative partnerships. (See Schedule O for continuation) 23008583 1 1 0 1 0 0 1 0 0 1 1 0 0 0 0 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 1 0 0 1 14 0 1 12 1 0 0 0 0 0 0 0 0 0 0 0 0 X 18 18 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 1.00 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 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 James Oliver Board Member 2.00 0.00 X 0 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 163855 0 9904 Brandon E Bennett Dir Additive Conservation/Legal Coun 38.00 2.00 X 113665 0 7600 277520 0 17504 2 0 1 0 0 234620 444216 26595283 21065457 27274119 Easement negotiation fees 110000 335402 335402 335402 133062 133062 679381 664759 14622 14622 14622 27757205 335402 0 147684 X 190522 152418 19052 19052 920613 723407 139186 58020 18082 12523 3067 2492 25587 15748 6411 3428 61540 52097 3890 5553 10808 10283 525 39900 39900 120713 120713 4970 4970 70559 29714 40845 30657 28982 1675 90817 61738 12230 16849 18657 15039 2312 1306 51593 36892 9800 4901 82663 72869 8092 1702 40122 34698 5353 71 4299 1624 837 1838 21843 10126 11202 515 Conservation easements 21629712 21629712 23433657 23008583 307672 117402 42773 67325 56437 255201 704361 1763131 119516 241408 13492 8267 28307 13280 9849 15027 2689489 5656715 42312 0 3678229 8007074 109341 112160 42312 0 151653 112160 X 1946039 2413797 1580537 5481117 3526576 7894914 3678229 8007074 4323548 44790 0 X 0 1 X 1 0 X 13647371 12981129 27377827 11423268 27274119 92703714 13647371 12981129 27377827 11423268 27274119 92703714 39093556 53610158 52143 65215 92980 107426 133062 450826 93154540 1238084 0.57550 0.57620 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 120713 120713 23307974 23428687 1000000 250000 0 0 794700 1000000 744126 1000000 3538826 5308239 90004 103135 120713 313852 198675 250000 186032 250000 884707 1327061 X X 54 286277.00 0 0 1 2 1 678.00 45057 14751826 231331 651771 256898 15378030 8886696 4345999 1633281 114150 14751826 7156440 2121696 -343077 48363 8886696 5344704 1626516 233990 48770 7156440 3699721 190372 1496564 41953 5344704 0.13959 0.71314 0.14727 0 1 1 28307 13280 15027 15027 28414771 44790 852366 897156 27517615 4970 234620 239590 27757205 23433979 5292 5292 23428687 4970 4970 23433657 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 is secured for every conservation easement through a stewardship fund contribution held by the TALT Foundation, a Type 1 supporting organization under section 509(a)(3). Cost for the legal enforcement of all conservation easements, if necessary, is secured through the Terrafirma Risk Retention Group, LLC Insurance program offered through the Land Trust Alliance and through a legal defense fund contribution held by TALT. 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 easements held by Texas Agricultural Land Trust. Part XI, Line 2d - Other Adjustments: TALT Foundation revenue 852,366. Part XI, Line 4b - Other Adjustments: Support from Foundation 234,620. Part XII, Line 2d - Other Adjustments: TALT Foundation expenses 5,292. X X X X X 0 0 0 0 0 0 0 0 0 Chad Ellis Chief Executive Officer 163855 0 0 0 0 0 5284 0 4620 0 173759 0 0 0 X 2 52457 NYSE X 6 21013000 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 95% of Texas land privately held and 81% classified as working lands, TALT works to educate the public on the many public benefits provided by the stewardship of private lands, and to inform Texas landowners about the value and use of conservation easements. Additionally, TALT is partnering with private landowners and industry to advance ecosystem service markets that provide added conservation value not only benefiting landowners, but delivering lasting benefits to all Texans. Since 2007, TALT has helped landowners to protect approximately 286,000 acres of Texas. Form 990, Part III, Line 4a (Continued from Part III) Our program is guided by best practices from the Land Trust Alliance (LTA) and the Partnership of Rangeland Trusts (PORT), and TALT has been nationally accredited since 2013 by LTA for meeting the highest standards in conservation. In the tax year, TALT closed 6 new conservation easements, bringing the total acreage under easement to over 286,000 acres. This milestone reinforces TALT's role as the largest state-based land trust in Texas and highlights our commitment to protecting the state's agricultural heritage and natural landscapes for future generations. Form 990, Part III, Line 4b (Continued from Part III) These initiatives are designed to foster a deeper understanding of conservation tools, promote the benefits of voluntary land conservation, and strengthen the connection between working lands and broader environmental and economic goals. Examples of such education and outreach programs includes a Landowner Workshop on Conservation Easements in Granbury, TX (April 2024); the Working Lands Innovation Summit (October 2024); the TALT YouTube Channel which houses a live recording of the Conservation Easements 101 webinar (December 2024) and narrative style videos about the families we work with; participation in the National Cattleman's Beef Association Cattle Con in San Antonio, TX (January 2025); multiple presentation sessions at the Texas Land Trust Council conference (February 2025). 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. The Executive Committee also serves as the Audit Committee 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 nonprofit 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 1 0 Texas Agricultural Land Trust Foundation C 234620 Cash Texas Agricultural Land Trust Foundation R 100000 Cash