Statements of Financial Position as of December 31 , 2023
Kiawah Conservancy Statements of Financial Position Annual Report
2023 2022
Cash Conservation Property Other
Total Assets
$ 1,223,634 $ 4,050,641 $ 263,900 $ 5,538,175
$ 1,437,507 $ 1,917,535 $ 183,411 $ 3,538,453
Less : Promissory Note Other Liabilities
Net Assets
$ 1,350,000 $ 33,755 $ 4,154,420
— $ 3,918 $ 3,534,535
Net Assets : Without Donor Restriction With Donor Restriction
$ 3,293,985 $ 860,435 $ 4,154,420
$ 3,193,084 $ 341,451 $ 3,534,535
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 Conservancy continues to achieve this all important balance .” Glaser and Company , LLC — auditors of the Kiawah Conservancy
14 Photo by Adam Wolf