MAINE FARMLAND TRUST
MAINE FARMLAND TRUST
MAINE FARMLAND TRUST
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$26,990,758
Other Assets
57%
Cash & Equivalents
30%
Receivables (Non-Related)
7%
Property, Plant, & Equipment (net)
6%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)
$1,595,953
Notes Payable / Debt (Non-Related)
85%
Payables & Accruals
15%
Other Liabilities
<1%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$7,947,405
$8,221,843
+3%
Receivables (Non-Related)
$1,687,188
$1,767,023
+5%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$46,290
$28,953
-37%
Investments
$2,404,980
-
-
Property, Plant, & Equipment (net)
$1,192,039
$1,562,749
+31%
Other Assets
-
$15,410,190
-
Total Assets
$28,370,138
$26,990,758
-5%
Liabilities
2023
2024
Change
Payables & Accruals
$585,558
$241,679
-59%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$1,485,175
$1,349,349
-9%
Related-Party Payables
-
-
-
Other Liabilities
$6,325
$4,925
-22%
Total Liabilities
$2,077,058
$1,595,953
-23%
Net assets
2023
2024
Change
Restricted Net Assets
-
$6,238,976
-
Unrestricted Net Assets
-
$19,155,829
-
Net assets
2023
2024
Change
Net assets
+$26,293,080
+$25,394,805
-3%
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