SOUTHSIDE BUSINESS TECHNOLOGY CENTER INC (DBA THE LAUNCH PLACE)

SOUTHSIDE BUSINESS TECHNOLOGY CENTER INC (DBA THE LAUNCH PLACE)

DANVILLE, VA, US
501(c)(3)
EIN
20-2917301

SOUTHSIDE BUSINESS TECHNOLOGY CENTER INC (DBA THE LAUNCH PLACE)

DANVILLE, VA, US
501(c)(3)
EIN
20-2917301

Balance Sheet

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

$9,541,057

Investments
70%
Cash & Equivalents
29%
Receivables (Non-Related)
1%
Property, Plant, & Equipment (net)
<1%
Other Assets
<1%
Related-Party Receivables
0%
Inventories
0%
Prepaid Expenses
0%
Liabilities in 2024 (Year End)

$221

Payables & Accruals
>99%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$2,305,954
$2,745,496
+19%
Receivables (Non-Related)
$138,774
$121,295
-13%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
-
-
-
Investments
$5,421,385
$6,661,384
+23%
Property, Plant, & Equipment (net)
$11,773
$8,597
-27%
Other Assets
$50,236
$4,285
-91%
Total Assets
$7,928,122
$9,541,057
+20%
Liabilities
2023
2024
Change
Payables & Accruals
$958
$221
-77%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$958
$221
-77%
Net assets
2023
2024
Change
Restricted Net Assets
-
-
-
Unrestricted Net Assets
$7,927,164
$9,540,836
+20%
Net assets
2023
2024
Change
Net assets
+$7,927,164
+$9,540,836
+20%
Balance Sheet
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