EDUCATION REFORM NOW INC
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$9,401,046
Cash & Equivalents
95%
Receivables (Non-Related)
4%
Prepaid Expenses
1%
Property, Plant, & Equipment (net)
<1%
Other Assets
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)
$485,906
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
$10,465,987
$8,940,459
-15%
Receivables (Non-Related)
$6,894,185
$339,500
-95%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$148,809
$99,200
-33%
Investments
-
-
-
Property, Plant, & Equipment (net)
$27,948
$19,647
-30%
Other Assets
$940
$2,240
+138%
Total Assets
$17,537,869
$9,401,046
-46%
Liabilities
2023
2024
Change
Payables & Accruals
$732,036
$485,906
-34%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$0
-
-
Total Liabilities
$732,036
$485,906
-34%
Net assets
2023
2024
Change
Restricted Net Assets
$8,091,487
$3,146,072
-61%
Unrestricted Net Assets
$8,714,346
$5,769,068
-34%
Net assets
2023
2024
Change
Net assets
+$16,805,833
+$8,915,140
-47%
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