Statement of Financial Position

on December 31, 2023 (with comparative totals for 2022)

	2023	2022
ASSETS
Current assets
Cash and short term investments	3,000,168	3,364,748
Accrued interest receivable	21,198	12,919
Pledges receivable	12,392	6,850
Other receivables	3,447	2,883
Net loans receivable, current portion	453,703	398,036
Total current assets	$3,490,938	$3,785,436

Noncurrent assets
Net loans receivable, noncurrent portion	2,285,854	1,996,737
Long term investments	257,152	254,984
Donated and acquired real property	397,342	397,342
Total noncurrent assets	$3,091,548	$2,649,063
Total assets	$6,582,486	$6,434,499

LIABILITIES AND NET ASSETS
Current liabilities
Accounts payable	6,102	2,992
Accrued interest payable	17,468	16,980
Other current liabilities	8,296	8,404
Loans payable, current portion	1,017,538	988,374
Total current liabilities	$1,049,404	$1,016,750

Noncurrent liabilities
Loans payable, noncurrent portion	3,307,918	3,406,079
Total noncurrent liabilities	$3,307,918	$3,406,079
Total liabilities	$4,357,322	$4,422,839

Net assets
Unrestricted	563,397	421,348
Temporarily restricted	1,661,767	1,590,322
Total net assets	$2,225,164	$2,011,670
Total liabilities and net assets	$6,582,486	$6,434,499

Consolidated Statement of Activities

on December 31, 2023 (with comparative totals for 2022)

	2023	2022
REVENUE, GAINS, and OTHER SUPPORT
Contributions and grants	439,713	313,031
Interest income	112,173	94,615
Donated goods and services	6,207	21,274
Fees for services and other income	43,981	12,498
Total revenues, gains, and other support	$602,074	$441,418
Net assets released from restriction	111,832	15,408

EXPENSES AND LOSSES
Programs
Farms for Farmers	51,779	48,716
Equity Trust Fund	238,611	84,432
Property and Values	34,200	34,001
Land stewardship	24,314	27,805
Total programs	$348,904	$194,594
Management and general	35,951	33,478
Fundraising	3,725	4,645
Total expenses	$388,580	$233,077

CHANGE IN NET ASSETS
Unrestricted	142,049	207,408
Temporarily restricted	71,445	933