KINNECT INC FORMERLY KNOWN AS WAITING CHILD FUND

KINNECT INC FORMERLY KNOWN AS WAITING CHILD FUND

Cleveland, OH, US
501(c)3
EIN
20-2727509

KINNECT INC FORMERLY KNOWN AS WAITING CHILD FUND

Cleveland, OH, US
501(c)3
EIN
20-2727509

Balance Sheet

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

$2,740,937

Receivables (Non-Related)
68%
Cash & Equivalents
30%
Other Assets
1%
Property, Plant, & Equipment (net)
<1%
Related-Party Receivables
0%
Inventories
0%
Prepaid Expenses
0%
Investments
0%
Liabilities in 2024 (Year End)

$1,761,422

Payables & Accruals
84%
Notes Payable / Debt (Non-Related)
14%
Other Liabilities
2%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$593,395
$827,335
+39%
Receivables (Non-Related)
$2,086,034
$1,853,136
-11%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
-
-
-
Investments
-
-
-
Property, Plant, & Equipment (net)
$37,328
$22,951
-39%
Other Assets
$7,424
$37,515
+405%
Total Assets
$2,724,181
$2,740,937
+1%
Liabilities
2023
2024
Change
Payables & Accruals
$1,786,283
$1,472,560
-18%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
$250,000
-
Related-Party Payables
-
-
-
Other Liabilities
$7,424
$38,862
+423%
Total Liabilities
$1,793,707
$1,761,422
-2%
Net assets
2023
2024
Change
Restricted Net Assets
$48,112
$10,000
-79%
Unrestricted Net Assets
$882,362
$969,515
+10%
Net assets
2023
2024
Change
Net assets
+$930,474
+$979,515
+5%
Balance Sheet
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