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NATIONAL INSTITUTE FOR EXCELLENCE IN TEACHING

NATIONAL INSTITUTE FOR EXCELLENCE IN TEACHING

SCOTTSDALE, AZ, US
501(c)(3)
EIN
20-2268389
Regional Funder
funder logo

NATIONAL INSTITUTE FOR EXCELLENCE IN TEACHING

SCOTTSDALE, AZ, US
501(c)(3)
EIN
20-2268389
Regional Funder

Balance Sheet

Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)

$53,630,259

Cash & Equivalents
48%
Investments
41%
Receivables (Non-Related)
8%
Property, Plant, & Equipment (net)
2%
Other Assets
<1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)

$2,773,445

Payables & Accruals
69%
Deferred Revenue
21%
Other Liabilities
10%
Grants Payable
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
$13,494,942
$25,714,028
+91%
Receivables (Non-Related)
$4,365,797
$4,291,204
-2%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$336,433
$323,362
-4%
Investments
$23,310,623
$21,899,627
-6%
Property, Plant, & Equipment (net)
$1,099,310
$1,063,581
-3%
Other Assets
$479,144
$338,457
-29%
Total Assets
$43,086,249
$53,630,259
+24%
Liabilities
2023
2024
Change
Payables & Accruals
$1,642,472
$1,900,275
+16%
Grants Payable
-
-
-
Deferred Revenue
$513,106
$591,836
+15%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$447,316
$281,334
-37%
Total Liabilities
$2,602,894
$2,773,445
+7%
Net assets
2023
2024
Change
Restricted Net Assets
$1,092,076
$172,220
-84%
Unrestricted Net Assets
$39,391,279
$50,684,594
+29%
Net assets
2023
2024
Change
Net assets
+$40,483,355
+$50,856,814
+26%
Balance Sheet
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