Pcc Farmland Trust
Nonprofit profile at a glance
- EIN
- 912021165
- IRS 990 coverage
- 2012–2024
- Forms available
- Form 990 2024
- Location
- Seattle, WA, USA
- Phone
- 2065479855
- Rating
- 76
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Land Resources Conservation
Reported finances
- Revenue
- $2,996,492
- Expenses
- $2,718,756
- Assets
- $10,253,442
- Liabilities
- $4,960,482
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
14 people listed
Executive titles in this filing
- JOAN CAINE (PRESIDENT)
- JOSH MONAGHAN (VICE PRESIDENT)
- MELISSA CAMPBELL (EXECUTIVE DIRECTOR)
Highest reported compensation
- MELISSA CAMPBELL (EXECUTIVE DIRECTOR): $198,313 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The current needs of Washington's land and farmers call for a new strategy to create a sustainable, equitable, and resilient future. At Washington farmland trust, we aim to: permanently protect what is left of our most valuable agricultural lands. Reduce barriers to land access and create land affordability for a new generation of farmers. Promote climate resilience in land conservation and stewardship.
What it reported doing in 2024
Stewardship: Washington farmland trust's stewardship program directly supports the health of our conserved farms, because we know that simply protecting farmland from future development is not enough to ensure it remains viable and productive into the future. After all, healthy farms invest in our soil, water, and habitat creating resilience in the face of a changing climate. Productive farmland feeds communities, builds economies, and provides a livelihood for farmers. The core tenant of our stewardship program is to ensure that the natural resources on our conserved farms are protected, to keep the land in farming forever. In order to ensure the land we protect thrives into the future, we support farmers in their efforts to improve water quality, wildlife habitat, and soil health on their farms. (continued on schedule o)we provide a variety of resources and assistance, ranging from volunteer restoration and connections with technical advisers to our micro-grant program, advancing farm sustainability. With each of these efforts, we rely on local conservation districts, cost-share programs, and other partnerships to implement our shared goals of sustainable land management.
Operating model
- Revenue model
- Donor-supported. 83% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and liabilities are high compared with assets.
Rating breakdown
- Financial Efficiency: 60
- Transparency & Controls: 79
- Accountability: 100
- Sustainability: 59
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 63.2%; rating input score 63
- Program expense ratio: 68.2%; rating input score 68
- Fundraising efficiency: $6.16 raised per $1 spent on fundraising; rating input score 22; 22nd percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 9.3%; rating input score 61; 61st percentile among comparable filings
- Total-asset coverage ratio: 3.77; rating input score 79; 79th percentile among comparable filings
- Liabilities to assets ratio: 0.48; rating input score 22; 22nd percentile among comparable filings
- Officer compensation ratio: 7.3%; rating input score 40; 40th percentile among comparable filings
Growth
- Program expense growth: 0.7% per year; rating input score 100; 16th percentile among comparable filings
- Revenue growth: 1.5% per year; rating input score 100; 18th percentile among comparable filings
- Asset growth: 9.5% per year; rating input score 100; 56th percentile among comparable filings
Details
- Where the money goes: 63.2% of revenue deployed · 68.2% of spending went to programs
- Governance: 9 of 9 board members independent · 8 of 8 filing controls reported
- Programs: 4 filed program accomplishments · $1.9M in reported program spending
- Leadership: top reported pay $198K · 14 people listed · 3 of 6 pay-setting controls reported
- Consistency: 34 of 34 current checks pass
- Schedules: 8 filed schedules · includes major donors and executive pay
- Filing history: 12 filing years from 2012 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Fundraising efficiency scored 22/100.
- High — Sustainability: Liabilities to assets ratio scored 22/100.
- Moderate — Sustainability: Officer compensation ratio scored 40/100.