Statement of Financial Position

on December 31, 2024 (with comparative totals for 2023)

	2024	2023
ASSETS
Current assets
Cash and short term investments	2,839,417	3,000,168
Accrued interest receivable	35,488	21,198
Pledges receivable	3,700	12,392
Other receivables	2,537	3,447
Net loans receivable, current portion	838,973	453,703
Total current assets	$3,720,114	$3,490,938

Noncurrent assets
Net loans receivable, noncurrent portion	2,466,019	2,285,854
Long term investments	0	257,152
Donated and acquired real property	548,542	548,542
Total noncurrent assets	$3,014,561	$3,091,548
Total assets	$6,734,674	$6,582,486

LIABILITIES AND NET ASSETS
Current liabilities
Accounts payable	11,785	6,102
Accrued interest payable	17,522	17,468
Other current liabilities	8,487	8,296
Loans payable, current portion	1,311,787	1,017,538
Total current liabilities	$1,349,581	$1,049,404

Noncurrent liabilities
Loans payable, noncurrent portion	3,061,660	3,307,918
Total noncurrent liabilities	$3,061,660	$3,307,918
Total liabilities	$4,411,241	$4,357,322

Net assets
Unrestricted	734,984	563,397
Temporarily restricted	1,588,448	1,661,767
Total net assets	$2,323,433	$2,225,164
Total liabilities and net assets	$6,734,674	$6,582,486

Consolidated Statement of Activities

on December 31, 2024 (with comparative totals for 2023)

	2024	2023
REVENUE, GAINS, and OTHER SUPPORT
Contributions and grants	274,951	439,713
Interest income	153,469	112,173
Fees for services and other income	21,676	43,981
Donated goods and services	1,826	6,207
Total revenues, gains, and other support	$451,922	$602,074
Net assets released from restriction	104,439	111,832

EXPENSES AND LOSSES
Programs
Farms for Farmers	49,190	51,779
Equity Trust Fund	147,852	238,611
Community Land Trusts	64,156	34,200
Land stewardship	20,326	24,314
Total programs	$281,523	$348,904
Management and general	65,434	35,951
Fundraising	6,695	3,725
Total expenses	$353,652	$388,580

CHANGE IN NET ASSETS
Unrestricted	171,587	142,049
Temporarily restricted	(73,319)	71,445