FaithBridge Foster Care Inc
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$2,253,549
Cash & Equivalents
59%
Receivables (Non-Related)
29%
Property, Plant, & Equipment (net)
8%
Prepaid Expenses
4%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$465,412
Payables & Accruals
>99%
Related-Party Payables
<1%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$1,073,951
$1,324,673
+23%
Receivables (Non-Related)
$595,332
$657,705
+10%
Related-Party Receivables
$0
$0
-
Inventories
-
-
-
Prepaid Expenses
$63,763
$92,145
+45%
Investments
-
-
-
Property, Plant, & Equipment (net)
$222,040
$179,026
-19%
Other Assets
$0
$0
-
Total Assets
$1,955,086
$2,253,549
+15%
Liabilities
2023
2024
Change
Payables & Accruals
$592,977
$463,569
-22%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
$1,028
$1,843
+79%
Other Liabilities
$0
$0
-
Total Liabilities
$594,005
$465,412
-22%
Net assets
2023
2024
Change
Restricted Net Assets
$261,828
$723,655
+176%
Unrestricted Net Assets
$1,099,253
$1,064,482
-3%
Net assets
2023
2024
Change
Net assets
+$1,361,081
+$1,788,137
+31%
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