THE CHALLENGE PROGRAM INC
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2025 (Year End)
$1,498,922
Cash & Equivalents
88%
Receivables (Non-Related)
9%
Property, Plant, & Equipment (net)
3%
Prepaid Expenses
1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Other Assets
0%
Liabilities in 2025 (Year End)
$587,995
Payables & Accruals
65%
Deferred Revenue
35%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2024
2025
Change
Cash & Equivalents
$1,309,339
$1,313,559
+0%
Receivables (Non-Related)
$30,255
$131,089
+333%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$27,059
$16,522
-39%
Investments
-
-
-
Property, Plant, & Equipment (net)
$28,152
$37,752
+34%
Other Assets
$43,225
-
-
Total Assets
$1,438,030
$1,498,922
+4%
Liabilities
2024
2025
Change
Payables & Accruals
$387,635
$382,995
-1%
Grants Payable
-
-
-
Deferred Revenue
$452,625
$205,000
-55%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$44,544
-
-
Total Liabilities
$884,804
$587,995
-34%
Net assets
2024
2025
Change
Restricted Net Assets
-
-
-
Unrestricted Net Assets
$553,226
$910,927
+65%
Net assets
2024
2025
Change
Net assets
+$553,226
+$910,927
+65%
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