OCEAN RESEARCH & CONSERVATION ASSOCIATION INC
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$4,245,697
Property, Plant, & Equipment (net)
50%
Cash & Equivalents
39%
Receivables (Non-Related)
10%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
0%
Investments
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$949,442
Related-Party Payables
65%
Deferred Revenue
16%
Other Liabilities
14%
Payables & Accruals
4%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Assets
2023
2024
Change
Cash & Equivalents
$1,934,627
$1,676,012
-13%
Receivables (Non-Related)
$164,649
$412,887
+151%
Related-Party Receivables
-
-
-
Inventories
$18,117
$17,695
-2%
Prepaid Expenses
$13,390
$27,843
+108%
Investments
-
-
-
Property, Plant, & Equipment (net)
$1,381,963
$2,111,260
+53%
Other Assets
-
-
-
Total Assets
$3,512,746
$4,245,697
+21%
Liabilities
2023
2024
Change
Payables & Accruals
$17,503
$40,207
+130%
Grants Payable
-
-
-
Deferred Revenue
$30,000
$155,937
+420%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
$445,963
$615,963
+38%
Other Liabilities
$101,736
$137,335
+35%
Total Liabilities
$595,202
$949,442
+60%
Net assets
2023
2024
Change
Restricted Net Assets
$27,357
$32,286
+18%
Unrestricted Net Assets
$2,890,187
$3,263,969
+13%
Net assets
2023
2024
Change
Net assets
+$2,917,544
+$3,296,255
+13%
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