Statement of Financial Position Comparisons 2024-2025

This section contains the Statement of Financial Position Comparison of the Plone Foundation for the fiscal years 2024 and 2025.

Introduction

The Statement of Financial Position, also called Assets and Liabilities, is a balance sheet that reflects the Plone Foundation's financial position. The comparison is between fiscal years 2024 and 2025. It complements the Statement of Financial Activity Comparison.

The Foundation uses the cash accounting method, not the accrual method, because it doesn't use accounts payable or receivable.

Assets

At the end of fiscal year 2025, the Plone Foundation held $209,298 in cash in its bank accounts. This was a decrease of 3% from 2024. Because of the transfer of funds from low and no interest bearing accounts to interest bearing accounts, year over year comparisons are irrelevant. Details of cash held are available in the Statement of Financial Position Comparison 2024-2025.

Equipment was $1,877. Upon further investigation, the Treasurer discovered it was a Dell server from 2011, but there was no known record of its location or disposition. Upon the recommendation of the Foundation's accountant, the value of this server was depreciated as a tangible asset for fiscal year 2024, removing it from the books going forward.

Internet Domains was $6,000. Upon further investigation, the Treasurer discovered it was for the purchase of the domain name plone.com from a third party in 2011. Upon the recommendation of the Foundation's accountant, the value of this domain name was amortized as an intangible asset for fiscal year 2024. However, it will continue to remain on the books because the Foundation still holds this asset.

Software Code was $3,000,000, based on a valuation assessment of Plone intellectual property performed in 2009 on the Plone 3.3 code base. There was no change from 2024. The Board has no need to update this valuation.

The total for Assets in 2025 was $3,209,298.

Liabilities and Equities

The Plone Foundation has no debt, loans, or credit cards, and therefore has $0 in liabilities.

In 2025, Retained Earnings, or the cash balance at the end of the previous fiscal year, was $216,578. This was a decrease of 8% from 2024.

Net Income in 2025 was -$7,279.71, compared to -$19,777.81 in 2024, an increase of 63%. This was primarily due to cost reduction initiatives.

Contributed Capital was $3,000,000 in both 2025 and 2024.

The total for Liabilities and Equities in 2025 was $3,209,298.

Summary

While 2025 was the fourth consecutive year of incurring a financial loss, the Plone Foundation has a healthy cash reserve to continue funding its operations, research, and development for the foreseeable future. The initiatives begun in 2025 together with new ones in 2026 are intended to improve the financial security of the Plone Foundation.

Respectfully Submitted,

Steve Piercy, Interim Treasurer

Contact the Board at board@plone.org with comments or questions.