2016 Kiawah Conservancy Annual Report | Page 16

Statements of Financial Position as of December 31 , 2016

	2016	2015
Cash	$ 302,958	$ 193,763
Conservation Property	1,544,132	1,502,532
Other	177,491	122,248
Total Assets	2,024,581	1,818,543

Less : Bank loan	42,750	72,750
Other liabilities	1,816	1,516
Net Assets	1,980,015	1,744,277

Net Assets : Unrestricted	1,980,015	1,744,277
Temporarily restricted	-	-
	$ 1,980,015	1,744,277

External Auditors Commend the Kiawah Conservancy ’ s Financial Reporting and Stewardship Efforts

“ The success of a nonprofit organization is most often measured in its ability to execute and achieve its mission . The foundation to this success is good financial stability and stewardship . The Kiawah Conservancy continues to achieve this all-important balance .” Glaser and Company , LLC — auditors of the Kiawah Conservancy .