KOREAN CULTURAL CENTER OF CHICAGO
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$7,337,245
Property, Plant, & Equipment (net)
77%
Cash & Equivalents
22%
Receivables (Non-Related)
<1%
Related-Party Receivables
0%
Inventories
0%
Prepaid Expenses
0%
Investments
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$291,623
Payables & Accruals
60%
Notes Payable / Debt (Non-Related)
40%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$3,021,235
$1,634,976
-46%
Receivables (Non-Related)
-
$17,160
-
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
-
-
-
Investments
-
-
-
Property, Plant, & Equipment (net)
$1,712,265
$5,685,109
+232%
Other Assets
$1,645,086
-
-
Total Assets
$6,378,586
$7,337,245
+15%
Liabilities
2023
2024
Change
Payables & Accruals
$87,259
$173,800
+99%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$120,615
$117,823
-2%
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$207,874
$291,623
+40%
Net assets
2023
2024
Change
Restricted Net Assets
$2,395,534
$560,455
-77%
Unrestricted Net Assets
$3,775,178
$6,485,167
+72%
Net assets
2023
2024
Change
Net assets
+$6,170,712
+$7,045,622
+14%
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