American Land Conservancy
2007 Statement of Activities
Click to read President's statement on ALC financials
| SUPPORT AND REVENUE |
| Land transactions |
1,961,226 |
| Contributions & grants |
477,079 |
| Investment return |
52,047 |
| Other income |
435 |
|
| Total Support & Revenue |
$2,490,787 |
| EXPENSES |
| Land conservation programs |
2,048,057 |
| Management & support services |
329,369 |
| Fundraising |
248,925 |
|
| Total Expenses |
$2,626,351 |
Statement of Financial Position
As of December 31, 2007
| ASSETS |
| Cash and cash equivalents |
709,018 |
| Investment in mutual funds |
747,206 |
| Note receivable |
36,450 |
| Prepaid expenses |
30,517 |
| Options & deposits on land |
14,300 |
| Land & easements |
2,624,445 |
| Timber rights |
599,500 |
| Land pledged to public agencies |
326,338 |
| Property & equipment - net |
65,941 |
|
| Total Assets |
$5,153,715 |
| LIABILITIES AND NET ASSETS |
| LIABILITIES |
|
| Accounts payable & accrued expenses |
117,880 |
| Note payable |
16,387 |
| Note payable - bank |
8,165 |
| Land and easements held in agency or pledged to public agencies |
1,236,338 |
|
| Total Liabilities |
$1,378,770 |
COMMITMENTS
NET ASSETS |
|
| Unrestricted and unappropriated |
3,342,420 |
| Unrestricted - board designated |
250,000 |
| Temporarily restricted |
182,525 |
|
| Total Net Assets |
$3,774,945 |
|
| Total Liabilities & Net Assets |
$5,153,715 |
