FOGARTY INSTITUTE FOR INNOVATION
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$14,483,174
Other Assets
52%
Investments
34%
Property, Plant, & Equipment (net)
8%
Receivables (Non-Related)
4%
Prepaid Expenses
1%
Cash & Equivalents
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$9,985,317
Other Liabilities
72%
Notes Payable / Debt (Non-Related)
24%
Deferred Revenue
2%
Payables & Accruals
2%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$213,051
$124,090
-42%
Receivables (Non-Related)
$5,464,679
$612,290
-89%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$236,886
$175,655
-26%
Investments
$5,528,204
$4,883,733
-12%
Property, Plant, & Equipment (net)
$1,257,411
$1,190,239
-5%
Other Assets
$8,650,160
$7,497,167
-13%
Total Assets
$21,350,391
$14,483,174
-32%
Liabilities
2023
2024
Change
Payables & Accruals
$166,815
$207,745
+25%
Grants Payable
-
-
-
Deferred Revenue
$40,896
$209,167
+411%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$2,374,188
$2,424,542
+2%
Related-Party Payables
-
-
-
Other Liabilities
$8,438,850
$7,143,863
-15%
Total Liabilities
$11,020,749
$9,985,317
-9%
Net assets
2023
2024
Change
Restricted Net Assets
$5,634,664
$664,756
-88%
Unrestricted Net Assets
$4,694,978
$3,833,101
-18%
Net assets
2023
2024
Change
Net assets
+$10,329,642
+$4,497,857
-56%
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