Equity Trust 2025 Financial Statements
Statement of Financial Position
on December 31, 2025 (with comparative totals for 2024)
|
2025
|
2024
|
|
| ASSETS |
|
|
| Current assets |
|
|
| Cash and short term investments |
3,927,529
|
2,839,417
|
| Accrued interest receivable |
41,144
|
35,488
|
| Pledges receivable |
2,550
|
3,700
|
| Other receivables |
2,992
|
2,537
|
| Net loans receivable, current portion |
786,786
|
838,973
|
| Total current assets |
$4,761,001
|
$3,720,114
|
|
|
|
|
| Noncurrent assets |
|
|
| Net loans receivable, noncurrent portion |
2,520,024
|
2,466,019
|
| Long term investments |
0
|
0
|
| Donated and acquired real property |
548,542
|
548,542
|
| Total noncurrent assets |
$3,068,566
|
$3,014,561
|
| Total assets |
$7,829,567
|
$6,734,674
|
|
|
|
|
| LIABILITIES AND NET ASSETS |
|
|
| Current liabilities |
|
|
| Accounts payable |
26,873
|
11,785
|
| Accrued interest payable |
13,610
|
17,522
|
| Other current liabilities | 382 | 8,487 |
| Loans payable, current portion |
1,360,865
|
1,311,787
|
| Total current liabilities |
$1,401,732
|
$1,349,581
|
|
|
|
|
| Noncurrent liabilities |
|
|
| Loans payable, noncurrent portion |
3,914,959
|
3,061,660
|
| Total noncurrent liabilities |
$3,914,959
|
$3,061,660
|
| Total liabilities |
$5,316,691
|
$4,411,241
|
|
|
|
|
| Net assets |
|
|
| Unrestricted |
887,853
|
734,984
|
| Temporarily restricted |
1,625,023
|
1,588,448
|
| Total net assets |
$2,512,876
|
$2,323,433
|
| Total liabilities and net assets |
$7,829,567
|
$6,734,674
|
Consolidated Statement of Activities
on December 31, 2025 (with comparative totals for 2024)
|
2025
|
2024
|
|
| REVENUE, GAINS, and OTHER SUPPORT |
|
|
| Contributions and grants |
535,160
|
274,951
|
| Interest income |
160,782
|
153,469
|
| Fees for services and other income |
12,588
|
21,676
|
| Donated goods and services |
18,846
|
1,826
|
| Total revenues, gains, and other support |
$727,375
|
$451,922
|
| Net assets released from restriction |
44,741
|
104,439
|
|
|
|
|
| EXPENSES AND LOSSES |
|
|
| Programs |
|
|
| Farms for Farmers |
73,610
|
49,190
|
| Equity Trust Fund |
136,600
|
147,852
|
| Community Land Trusts |
83,750
|
64,156
|
| Land stewardship |
43,095
|
20,326
|
| Total programs |
$399,376
|
$281,523
|
| Management and general |
110,239
|
65,434
|
| Fundraising |
28,317
|
6,695
|
| Total expenses |
$537,932
|
$353,652
|
|
|
|
|
| CHANGE IN NET ASSETS |
|
|
| Unrestricted |
152,868
|
171,587
|
| Temporarily restricted |
36,575
|
(73,319)
|
