TOTAL REVENUE - FISCAL 2025
$48,402,808
Down 7.1% from $52,095,962 in fiscal 2024.
American Farmland Trust
Washington, District of Columbia - EIN 52-1190211 - Latest filing: fiscal 2025 (Oct 1, 2024 - Sep 30, 2025)
HOW TO READ THIS PAGE
How to read this page: every figure below is from the fiscal-2025 Form 990, filed Jul 15, 2026. People named below are shown as reported on the fiscal-2025 Form 990, filed Jul 15, 2026 - the filing is a snapshot of that fiscal year, not a list of current officeholders.
THE FILING IN ONE PARAGRAPH
American Farmland Trust reported $48,402,808 in revenue and $47,009,214 in expenses in fiscal 2025, a surplus of $1,393,594 for the year. Program services took $40,931,526 of expenses, or 87.1%. The organization closed the year with $74,011,159 in net assets - about 18.9 months of expenses at the fiscal-2025 spending level.
At a Glance - Fiscal 2025
All values are fiscal 2025 unless a tile says otherwise.
TOTAL EXPENSES - FISCAL 2025
$47,009,214
Revenue minus expenses: $1,393,594 in fiscal 2025.
PROGRAM EXPENSE SHARE - FISCAL 2025
87.1%
$40,931,526 of $47,009,214 went to program services.
NET ASSETS - END OF FISCAL 2025
$74,011,159
Total assets $95,412,179 minus total liabilities $21,401,020.
TOP EXECUTIVE PAY - FISCAL 2025
$718,838
John F Piotti, President & CEO, as reported on the fiscal-2025 Form 990, filed Jul 15, 2026. Total across all compensation columns.
PEOPLE REPORTED - FISCAL 2025
281 Employees
Plus 17 volunteers reported on the fiscal-2025 Form 990.
Money In, Money Out - Fiscal 2025
Revenue and expenses as reported on the fiscal-2025 Form 990, filed Jul 15, 2026. Donated goods are separated from cash so food and supply donations do not read as cash income.
Where the Money Went - Fiscal 2025
Management and general is the figure reported on the filing (Part IX total); where a filing does not carry it, it is computed as the residual of total expenses minus program and fundraising expenses. Cost to raise a dollar in fiscal 2025: $0.10 - $4,669,498 in fundraising expenses divided by $46,477,116 in total contributions. On cash contributions only: $0.11.
Where the Money Came From - Fiscal 2025
| Source | Fiscal 2025 |
|---|---|
| Total Contributions | $46,477,116 |
| Of Which Cash Contributions | $41,415,736 |
| Of Which Donated Goods (Noncash) | $5,061,380 |
| Membership Dues | $2,083,437 |
| Government Grants | $20,501,666 |
| All Other Contributions | $23,892,013 |
| Program Service Revenue | $110,119 |
| Investment Income | $1,117,020 |
| Other Revenue | $698,553 |
| Total Revenue (All Sources) | $48,402,808 |
Reserves and Balance Sheet - Fiscal 2025
Reserves and Runway
18.9 Months
of reserves - $74,011,159 in net assets at the end of fiscal 2025, divided by average monthly expenses of about $3,917,434 in fiscal 2025.
Net assets can include donor-restricted funds, buildings and other assets that cannot be spent like cash. Treat months of reserves as a scale measure, not as cash in the bank.
Balance Sheet - End of Fiscal 2025
| Total Assets | $95,412,179 |
| Total Liabilities | $21,401,020 |
| Liabilities as Share of Assets | 22.4% |
| Net Assets | $74,011,159 |
Leadership Pay - Fiscal 2025
Pay is the summed total across all compensation columns on the Form 990 - pay from the organization, pay from related organizations, and other compensation. People are shown as reported on the fiscal-2025 Form 990, filed Jul 15, 2026.
| Name and Title, as Reported | Total Pay - Fiscal 2025 | Share of Expenses |
|---|---|---|
| John F Piotti - President & CEO | $718,838 | 1.53% |
| Ashley Bovino CFO And VP Of - Finance & Admin. | $367,942 | 0.78% |
| John Larson - Senior Vice President | $290,055 | 0.62% |
| Beth Sauerhaft - Vice President Of Programs | $274,243 | 0.58% |
| Rick Monk Vice President - Secretary | $269,294 | 0.57% |
| Lea Harvey - Vice President Of Development | $244,831 | 0.52% |
| David Haight - Vice President Of Programs | $236,413 | 0.50% |
| Mini Aggarwal - Finance Controller | $224,386 | 0.48% |
| Timothy Fink - Policy Director | $198,645 | 0.42% |
| Kathie Lwanga - Assistant Secretary | $116,092 | 0.25% |
The full Part VII table lists every officer, director, trustee and key employee named on the filing, with hours and the same summed total. Compensation is reported for the calendar year ending within the fiscal year, per the Form 990.
Board and Governance - Fiscal 2025
Board and policy answers as reported on the fiscal-2025 Form 990, filed Jul 15, 2026.
Board Roster - as Reported on the Fiscal-2025 Form 990
19 voting members, 19 independent - independence count as reported on the fiscal-2025 Form 990.
| Name, as Reported | Role, as Reported |
|---|---|
| John F Piotti | President & CEO |
| Ashley Bovino CFO And VP Of | Finance & Admin. |
| John Larson | Senior Vice President |
| Beth Sauerhaft | Vice President Of Programs |
| Rick Monk Vice President | Secretary |
| Lea Harvey | Vice President Of Development |
| David Haight | Vice President Of Programs |
| Mini Aggarwal | Finance Controller |
| Timothy Fink | Policy Director |
| Kathie Lwanga | Assistant Secretary |
| Grant Winthrop | Chair |
| Helene Dillard | Vice Chair |
| Ralph Grossi | Vice Chair |
| Robert E Egerton Jr | Treasurer |
| Lillian Ebonie Alexander | Director |
| Emily Broad Leib | Director |
| Lynn Clarkson | Director |
| Jonathan Coppess | Director |
| Otto Doering | Director |
| Val Dolcini | Director |
| Becky Doyle | Director |
| Gina Gallo | Director |
| Jennie Turner Garlington | Director |
| Alex Hart | Director |
| Klaas Martens | Director |
| Larkin Martin | Director |
| Cannon Michael | Director |
| Allen Penn | Director |
| Abby Stranahan | Director |
Governance Policy Flags - Fiscal 2025
Conflict of Interest PolicyYes - Reported
Whistleblower PolicyYes - Reported
Document Retention PolicyYes - Reported
Audited Financial StatementsYes - Reported
Audit CommitteeYes - Reported
Board Size and Independence19 voting / 19 independent
Flags report what the organization answered on the Form 990. A Yes means the policy was reported on the filing; it is not an outside review of how the policy works in practice.
Grants - Fiscal 2025
Grants Made - Fiscal 2025
This organization reported $7,692,716 in grants paid in fiscal 2025.
| Recipient, as Reported | Amount |
|---|---|
| Africulture PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $12,375 |
| Agricultural Stewardship Association Inc PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $19,000 |
| Agriculture And Land Based Training Association PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $16,875 |
| Agrisolar Consulting LLC PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $6,000 |
| Alabama A&m University PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $29,999 |
| Alachua County Board Of County Commissioners PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $25,000 |
| Alaska Farmland Trust Corporation PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $29,898 |
| Allied Soil Health Services LLC PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $26,687 |
| Asian Business Institute And Resource Center PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $6,647 |
| Athens Land Trust PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $29,710 |
| Baranski Hammer & Associates2 PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $110,650 |
| Beaufort County Open Land Trust PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $25,000 |
| Bitter Root Land Trust Inc PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $29,630 |
| Black Family Land Trust Inc PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $52,590 |
| Black Gold Resourcing LLC PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $13,875 |
| California Center For Cooperative Development PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $12,375 |
| California Farmlink PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $52,243 |
| Catawba Lands Conservancy PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $29,762 |
| Catskills Agrarian Alliance Inc PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $14,000 |
| Ccof Foundation PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $10,000 |
| Center For Agricultural Development And Entrepreneurship Inc PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $12,500 |
| Central State University PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $16,875 |
| Colorado Cattlemen'S Agricultural Land Trust PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $25,705 |
| Colorado Open Lands PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $29,819 |
| Columbia Land Conservancy Inc PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $46,053 |
| Community Alliance With Family Farmers PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $12,375 |
| Connecticut Farmland Trust PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $33,979 |
| Conservation Biology Institute Inc PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $16,734 |
| Cornell Cooperative Extension Broome County PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $9,750 |
| Cornell Cooperative Extension Madison County PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $15,500 |
| Cornell Cooperative Extension Of Erie County PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $14,500 |
| Cornell Cooperative Extension Of Tompkins County PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $18,000 |
| Cornell Cooperative Extension Sullivan County PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $7,500 |
| Cornell Cooperative Extension Tioga County PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $10,000 |
| Cornell University - Small Farms Program PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $160,470 |
| Council On The Environment Inc PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $16,375 |
| County Of Kane PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $25,000 |
| Croatan Institute PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $12,375 |
| Dianne'S Call PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $12,375 |
| Earthoptics Inc PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $98,223 |
| East Stanislaus Resource Conservation District (Esrcd) PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $10,428 |
| Eastern Shore Land Conservancy Inc PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $29,734 |
| Farm Commons Inc PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $8,379 |
| Feast Down East PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $12,375 |
| Featherstone Fruits And Vegetables PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $10,000 |
| Fisher Soil Health LLC PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $8,957 |
| Foodshed Capital PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $12,375 |
| Fulper Preservation LLC PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $10,000 |
| Genesee Land Trust Inc PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $17,500 |
| Glynwood Center Inc PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $16,500 |
| Good Work Institute Inc PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $7,494 |
| Grand Traverse Regional PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $25,000 |
| Groundswell Center For Local Food And Farming Inc PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $10,500 |
| Groundswell Conservancy Inc PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $25,969 |
| Growsmart Maine PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $100,000 |
| Hampshire College Trustees PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $10,703 |
| Hawaiian Islands Land Trust PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $25,000 |
| Hebron Hill LLC PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $10,000 |
| Hudson Valley Agribusiness Development Corp PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $6,000 |
| Hunterdon Land Trust PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $8,000 |
| Indigo Ag Inc PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $1,003,290 |
| Integrity Beef Alliance Association PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $91,062 |
| Jackson Hole Land Trust PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $25,926 |
| Kansas Soil Health Alliance PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $12,000 |
| Kent County PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $25,000 |
| Kentucky Black Farmers Association PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $12,375 |
| Khuba International PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $6,500 |
| Kitchen Table Advisors PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $6,000 |
| Lincoln University PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $29,694 |
| Loretto Literary And Benevolent Institution PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $12,100 |
| Maine Farmland Trust PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $8,000 |
| Mesa County Land Conservancy PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $29,742 |
| Michigan State University PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $20,369 |
| Mississippi Valley Conservancy Inc PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $8,625 |
| Monte Azul Inc PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $12,375 |
| Mount Grace Land Conservation Trust Inc PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $8,000 |
| Multiplier PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $6,375 |
| New York Agricultural Land Trust Inc PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $9,500 |
| North Carolina State University PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $8,011 |
| Northeast Organic Farming Assoc Mass Chapter PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $21,844 |
| Northeast Organic Farming Association Of Vermont PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $31,460 |
| Oregon State University PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $52,590 |
| Otsego Land Trust Inc PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $9,000 |
| Piedmont Environmental Council PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $25,539 |
| Pines And Prairies Land Trust PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $29,246 |
| Potlikker Capital PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $7,875 |
| Providence Farm Collective Corp PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $20,600 |
| Refugee And Immigrant Self-Empowerment Inc PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $7,500 |
| Sagebrush Steppe Land Trust PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $25,901 |
| Saratoga Plan Inc PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $14,914 |
| Skagit County Farmland Legacy PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $25,932 |
| Sonoma County Agricultural Preservation & Open Space District PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $25,441 |
| Southern Applachian Highlands Conservancy PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $25,546 |
| Southern Farmers Collaborative Education PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $10,500 |
| Southwest Georgia Project For Community Education Inc PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $12,375 |
| State Agriculture Development Committee PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $30,068 |
| State Of Rhode Island PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $29,000 |
| Tecumseh Land Preservation Association PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $25,704 |
| Teton Regional Land Trust PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $29,581 |
| Texas A&m Agrilife Research PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $38,340 |
| Texas Land Conservancy PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $29,000 |
| The Dry Farming Institute PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $67,791 |
| Third Sector New England PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $46,024 |
| Toxic Free North Carolina Inc PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $12,375 |
| Triangle Land Conservancy PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $29,900 |
| Trustees Of Dartmouth College PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $101,993 |
| University Of California Merced PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $18,051 |
| University Of Maine PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $200,000 |
| University Of Nebraska-Lincoln PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $26,563 |
| University Of Vermont And State Agricultural College PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $51,211 |
| Upper Valley Land Trust Inc PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $30,117 |
| Utah Department Of Agriculture & Food PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $25,702 |
| Virginia No-Till Alliance Inc PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $37,119 |
| Virginia State University PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $37,875 |
| Western Pennsylvania Conservancy PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $29,000 |
| Wny Crop Management Association PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $5,331 |
| Wolfe'S Neck Farm Foundation Inc PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $14,305 |
| Women Food & Agriculture Network PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $7,858 |
| Yolo Land Trust PROMOTING SOUND FARMING PRACTICES/KEEPING FARMERS ON THE LAND | $25,398 |
Trend - Revenue
Years are shown only where a filing is held. Missing years are absent, never filled in.
| Fiscal Year | Revenue | Change |
|---|---|---|
| Fiscal 2024 (Prior-Year Column on the Fiscal-2025 Filing) | $52,095,962 | - |
| Fiscal 2025 | $48,402,808 | -7.1% |
This table grows to a 10-year view (revenue, expenses, net assets and top pay) as earlier filings for this organization are added to the record. Missing years are absent, never filled in.
Filings on Record
| Tax Period | Form | Status | Source |
|---|---|---|---|
| Oct 1, 2024 - Sep 30, 2025 | Form 990 | In Force - Filed Jul 15, 2026 | Original Filing at the IRS |
If an amended return is filed, the newest amended return supersedes the earlier one and the table marks which filing is in force.