AQUIDNECK ISLAND LAND TRUST
Balance Sheet
Fiscal Year Start:
Oct 1
Assets in 2024 (Year End)
$25,780,238
Investments
48%
Property, Plant, & Equipment (net)
39%
Receivables (Non-Related)
9%
Cash & Equivalents
3%
Other Assets
2%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$1,819,258
Payables & Accruals
91%
Other Liabilities
5%
Deferred Revenue
3%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$1,086,716
$731,936
-33%
Receivables (Non-Related)
$3,149,546
$2,198,126
-30%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$51,770
$16,181
-69%
Investments
$13,338,428
$12,368,323
-7%
Property, Plant, & Equipment (net)
$9,945,750
$10,004,348
+1%
Other Assets
$461,750
$461,324
0%
Total Assets
$28,033,960
$25,780,238
-8%
Liabilities
2023
2024
Change
Payables & Accruals
$2,622,372
$1,662,296
-37%
Grants Payable
-
-
-
Deferred Revenue
$339,131
$59,717
-82%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$146,246
$97,245
-34%
Total Liabilities
$3,107,749
$1,819,258
-41%
Net assets
2023
2024
Change
Restricted Net Assets
$13,821,792
$11,161,598
-19%
Unrestricted Net Assets
$11,104,419
$12,799,382
+15%
Net assets
2023
2024
Change
Net assets
+$24,926,211
+$23,960,980
-4%
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