KOREAN-AMERICAN COMMUNITY FOUNDATION INC
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$10,354,740
Cash & Equivalents
78%
Investments
14%
Receivables (Non-Related)
6%
Prepaid Expenses
1%
Other Assets
<1%
Property, Plant, & Equipment (net)
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$4,572,470
Grants Payable
97%
Payables & Accruals
2%
Other Liabilities
1%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$5,256,605
$8,046,724
+53%
Receivables (Non-Related)
$292,603
$592,754
+103%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$157,406
$147,841
-6%
Investments
$6,089
$1,496,419
+24476%
Property, Plant, & Equipment (net)
$625
$13,305
+2029%
Other Assets
$126,196
$57,697
-54%
Total Assets
$5,839,524
$10,354,740
+77%
Liabilities
2023
2024
Change
Payables & Accruals
$114,932
$95,371
-17%
Grants Payable
$1,930,001
$4,422,822
+129%
Deferred Revenue
$25,000
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$123,287
$54,277
-56%
Total Liabilities
$2,193,220
$4,572,470
+108%
Net assets
2023
2024
Change
Restricted Net Assets
$1,638,993
$2,026,374
+24%
Unrestricted Net Assets
$2,007,311
$3,755,896
+87%
Net assets
2023
2024
Change
Net assets
+$3,646,304
+$5,782,270
+59%
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