2025 Annual Report - FINAL | Page 13

John’ s Island Club, Inc.
Statements of Activities( Continued) Years Ended December 31, 2025 and 2024
2025
2024
($ in thousands)
Excess of revenues over expenses before depreciation and amortization, other revenues( expenses) and other changes in net assets without donor restrictions, forwarded
1,977
2,930
Depreciation and amortization( Notes 4 and 6)( 11,828)( 9,648)
Other revenues( expenses): Insurance proceeds( Note 4)
-
1,175
Interest expense
( 116)
( 49)
Gain( loss) on sale and disposition of property and equipment( Note 4)
107
( 57)
Other expenses
( 419)
( 668)
Total other revenues( expenses)
( 428)
401
Deficiency of revenues over expenses before other
changes in net assets without donor restrictions
( 10,279)
( 6,317)
Other changes in net assets without donor restrictions: Equity membership contributions( Note 8)
3,460
4,794
Equity membership refunds( Note 8)
( 2,245)
( 3,078)
Initial capital contributions( Note 8)
10,842
11,004
Capital assessments
4,660
4,433
16,717
17,153
Increase in net assets without donor restrictions 6,438 10,836
Net assets without donor restrictions:
Beginning
114,588
103,752
Ending $ 121,026 $ 114,588
See notes to financial statements.
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