As of November 13, 2025 | Cash Basis
This interactive version is based on the original PDF:
This is the nonprofit version of a Balance Sheet.
It shows: What we OWN (Assets) minus What we OWE (Liabilities) = Our NET WORTH (Equity)
Think of it as a financial "snapshot" taken on November 13, 2025 at midnight.
| ACCOUNT | TOTAL |
|---|---|
| ASSETS (What We Own) | |
|
Current Assets ($1,022,509 - 62.8% of assets)
What are "Current Assets"? Cash or assets that will become cash within one year. Think of these as "liquid" assets - they flow quickly like water! |
|
| Bank Accounts | |
|
Basic Checking - 2835
Our main operating account Used for: Paying bills, payroll, daily expenses This is like your personal checking account. Current balance covers 3.3 months of expenses - healthy! |
191,173 |
|
Scholarship Fund - 9129
Dedicated scholarship account Tracks restricted scholarship donations. Can ONLY be used for scholarships (donor restriction). Important Note: The bank balance shows $46,556, but the actual available funds are approximately $7,000. This is due to a syncing issue between our bank and QuickBooks. We have already transferred out funds for 2024 and 2025 scholarship disbursements (~$39,000), but QuickBooks has not yet reflected these transfers. At $19,570/year in scholarships, the actual $7,000 available covers about 4 months. |
46,556 |
|
Money Market Account - 2061
Our emergency reserves! This is like a high-interest savings account. Purpose: Emergency fund and short-term savings Interest rate: Probably 3-5% currently Annual earnings: ~$10,000-12,000 Why keep money here instead of investing? • FDIC insured (safe!) • Quick access if needed • Better interest than checking |
254,091 |
| Petty Cash | 178 |
| Total Bank Accounts | 491,998 |
|
Fidelity Investment Account
Our long-term reserves! Managed by: Pochop Financial Management Current value: $526,780 This year's return: 6.75% (excellent!) What's in it: • 62% in safe money market • 38% in stock ETFs See the Fidelity statement for full details! |
526,780 |
| Inventory | 3,730 |
| TOTAL CURRENT ASSETS | 1,022,509 |
|
Fixed Assets ($606,260 - 37.2% of assets)
What are "Fixed Assets"? Long-term assets we use to operate camp (not for resale). Also called: Capital Assets or Property, Plant & Equipment Key characteristic: These last MANY years! |
|
|
Leasehold Improvements
Our buildings and major improvements Includes: • Cabins • Dining hall • Bath houses • Program buildings • Pool structure • Major renovations This is the original cost (before depreciation). |
1,126,194 |
| Equipment | 140,395 |
| Vehicles | 5,800 |
| Software | 4,700 |
|
Accumulated Depreciation
The "used up" portion of our assets This is the TOTAL of all depreciation over the years. Example: Building cost $500,000 ten years ago. Each year we "depreciate" $20,000. After 10 years: $200,000 accumulated depreciation. Book value: $500,000 - $200,000 = $300,000 Our assets are about 52.5% depreciated (about halfway through useful life). |
(670,829) |
| TOTAL FIXED ASSETS (Net Book Value) | 606,260 |
|
TOTAL ASSETS
Everything we own! Breakdown: • Cash in banks: $492,000 (30%) • Investments: $527,000 (32%) • Buildings/Equipment: $606,000 (37%) • Other: $4,000 (1%) This is a healthy mix of liquid assets (cash/investments) and infrastructure (facilities). |
1,628,769 |
| LIABILITIES (What We Owe) | |
| Current Liabilities | |
|
Accounts Payable
Money we owe to vendors Example: Received invoice but haven't paid it yet. $0 means we've paid all our bills! ✓ EXCELLENT |
0 |
|
M&T Business Credit Card
Our ONLY debt! Outstanding credit card balance: $8,255 Typical use: Business expenses, online purchases This will be paid when the bill comes. |
8,255 |
| VT Saves | 11 |
|
TOTAL LIABILITIES
🎉 ESSENTIALLY DEBT-FREE! We owe only $8,267 (basically just a credit card balance). Debt Ratio: $8,267 ÷ $1,628,769 = 0.51% We own 99.49% of everything free and clear! Benchmark: Under 50% is healthy Our ratio: 0.51% - OUTSTANDING! |
8,267 |
| EQUITY (Our Net Worth) | |
|
Unrestricted Fund Balance
Accumulated surpluses from previous years "Unrestricted" means we can use this money for ANYTHING. This is like your life savings built up over many years. How we got to $1,500,081: Year after year of good management, we had surpluses that accumulated over decades! |
1,500,081 |
|
Net Income (This Year)
This year's profit! From the Statement of Activity. At year-end, this will be added to the Fund Balance. How it works: Beginning Balance: $1,500,081 Plus Net Income: $120,421 Equals Ending Equity: $1,620,502 |
120,421 |
|
TOTAL EQUITY (Net Worth)
Our complete net worth! If we sold everything ($1,628,769) And paid all debts ($8,267) We'd have $1,620,502 left. This represents decades of careful financial stewardship! We grew our net worth by $120,421 this year! |
1,620,502 |
| TOTAL LIABILITIES & EQUITY | 1,628,769 |
Assets: $1,628,769 = Liabilities: $8,267 + Equity: $1,620,502
$1,628,769 = $1,628,769 ✓
Strengths:
Considerations:
Interactive Report Generated for Camp Downer Board | Hover over highlighted items for detailed explanations
For questions, contact the Finance Committee Chair