LA PROMISE FUND
LA PROMISE FUND
LA PROMISE FUND
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$49,943,711
Property, Plant, & Equipment (net)
50%
Cash & Equivalents
37%
Receivables (Non-Related)
12%
Prepaid Expenses
<1%
Other Assets
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)
$40,383,188
Tax-Exempt Bond Liabilities
86%
Notes Payable / Debt (Non-Related)
5%
Other Liabilities
5%
Payables & Accruals
4%
Grants Payable
0%
Deferred Revenue
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$22,137,482
$18,636,753
-16%
Receivables (Non-Related)
$2,108,234
$5,993,353
+184%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$168,899
$141,900
-16%
Investments
-
-
-
Property, Plant, & Equipment (net)
$23,635,756
$25,041,710
+6%
Other Assets
$167,913
$129,995
-23%
Total Assets
$48,218,284
$49,943,711
+4%
Liabilities
2023
2024
Change
Payables & Accruals
$1,750,899
$1,640,582
-6%
Grants Payable
-
-
-
Deferred Revenue
$2,129,733
-
-
Tax-Exempt Bond Liabilities
$34,684,527
$34,753,174
+0%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$1,693,744
$2,091,570
+23%
Related-Party Payables
-
-
-
Other Liabilities
$1,971,353
$1,897,862
-4%
Total Liabilities
$42,230,256
$40,383,188
-4%
Net assets
2023
2024
Change
Restricted Net Assets
$633,767
$4,125,873
+551%
Unrestricted Net Assets
$5,354,261
$5,434,650
+2%
Net assets
2023
2024
Change
Net assets
+$5,988,028
+$9,560,523
+60%
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