2014 Kiawah Conservancy Annual Report 2014 | Page 20

Statements of Financial Position as of December 31, 2014 2014 2013 Cash Conservation Property Other Total Assets $189,000 1,801,000 31,000 2,021,000 $143,000 1,500,000 11,000 1,654,000 Less: Bank loan Other liabilities Net Assets 103,000 10,000 1,908,000 140,000 11,000 1,503,000 1,908,000 $1,908,000 1,503,000 $1,503,000 Net Assets: Unrestricted Temporarily restricted External Auditors Commend the Kiawah Conservancy’s Financial Reporting and Stewardship Efforts “The Conservancy has consistently demonstrated financial responsibility and good donor stewardship in executing its mission. Working with many nonprofits, I recognize that these two traits should provide our region the confidence the Conservancy will be serving the interests of Kiawah Island for many years to come.” — Erik Glaser, GlaserDuncan, Certified Public Accountants. Did you know... ...the Kiawah Conservancy has the capability to be a holder of land and conservation easements, and as such, acts as a land trust? Since its inception in 1997, the Kiawah Conservancy has preserved 28 properties that total almost 345 acres of pristine barrier island habitat. 18