THE QURAN INSTITUTE OF AMERICA
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$2,937,126
Property, Plant, & Equipment (net)
70%
Receivables (Non-Related)
15%
Other Assets
13%
Cash & Equivalents
2%
Related-Party Receivables
0%
Inventories
0%
Prepaid Expenses
0%
Investments
0%
Liabilities in 2024 (Year End)
$726,811
Other Liabilities
64%
Payables & Accruals
36%
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%
Assets
2023
2024
Change
Cash & Equivalents
-$833
$66,225
-8050%
Receivables (Non-Related)
$315,618
$432,569
+37%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
-
-
-
Investments
-
-
-
Property, Plant, & Equipment (net)
$1,506,487
$2,057,896
+37%
Other Assets
$386,056
$380,436
-1%
Total Assets
$2,207,328
$2,937,126
+33%
Liabilities
2023
2024
Change
Payables & Accruals
$267,088
$265,111
-1%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$232,700
$461,700
+98%
Total Liabilities
$499,788
$726,811
+45%
Net assets
2023
2024
Change
Restricted Net Assets
-
-
-
Unrestricted Net Assets
$1,707,540
$2,210,315
+29%
Net assets
2023
2024
Change
Net assets
+$1,707,540
+$2,210,315
+29%
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