Equity Trust 2021 Financial Statements
Statement of Financial Position
on December 31, 2021 (with comparative totals for 2020)
|
2021
|
2020
|
|
| ASSETS | ||
| Current assets | ||
| Cash and short term investments |
2,842,192
|
2,907,815
|
| Accrued interest receivable |
10,848
|
18,315
|
| Pledges receivable |
2,325
|
5,280
|
| Other receivables |
4,678
|
429
|
| Net loans receivable, current portion |
456,679
|
512,837
|
| Total current assets |
$3,316,722
|
$3,444,676
|
| Noncurrent assets | ||
| Net loans receivable, noncurrent portion |
2,247,721
|
2,022,415
|
| Long term investments |
252,834
|
250,703
|
| Donated and acquired real property |
397,342
|
397,342
|
| Total noncurrent assets |
$2,897,897
|
$2,670,460
|
| Total assets |
$6,214,619
|
$6,115,136
|
| LIABILITIES AND NET ASSETS | ||
| Current liabilities | ||
| Accounts payable |
2,605
|
8,300
|
| Accrued interest payable |
16,848
|
119,475
|
| Advance funds received |
11,344
|
11,344
|
| Other current liabilities |
8,296
|
8,296
|
| Loans payable, current portion |
776,854
|
1,710,630
|
| Total current liabilities |
$815,947
|
$1,858,045
|
| Noncurrent liabilities | ||
| Loans payable, noncurrent portion |
3,595,343
|
2,729,821
|
| Total noncurrent liabilities |
$3,595,343
|
$3,595,343
|
| Total liabilities |
$4,411,290
|
$4,587,866
|
| Net assets | ||
| Unrestricted |
213,940
|
(110,953)
|
| Temporarily restricted |
1,589,389
|
1,638,223
|
| Total net assets |
$1,803,329
|
$1,527,270
|
| Total liabilities and net assets |
$6,214,619
|
$6,115,136
|
Consolidated Statement of Activities
on December 31, 2021 (with comparative totals for 2020)
|
2021
|
2020
|
|
| REVENUE, GAINS, and OTHER SUPPORT | ||
| Contributions and grants, unrestricted |
307,438
|
229,045
|
| Contributions and grants, restricted |
156,250
|
63,050
|
| Interest income |
101,740
|
73,339
|
| Donated goods and services |
36,815
|
31,483
|
| Fees for services and other income |
24,221
|
18,432
|
| Total revenues, gains, and other support |
$626,454
|
$415,349
|
| Net assets released from restriction |
205,084
|
206,401
|
| EXPENSES AND LOSSES | ||
| Programs | ||
| Farms for Farmers |
156,092
|
346,860
|
| Equity Trust Fund |
99,793
|
344,344
|
| Property and Values |
5,440
|
5,082
|
| Land stewardship |
49,269
|
51,755
|
| Total programs |
$310,594
|
$748,041
|
| Management and general |
35,534
|
30,762
|
| Fundraising |
4,267
|
3,273
|
| Total expenses |
$350,395
|
$782,076
|
| CHANGE IN NET ASSETS | ||
| Unrestricted |
324,893
|
(223,376)
|
| Temporarily restricted |
(48,834)
|
(143,351)
|
