INTERNATIONAL RESEARCH & EXCHANGES BOARD INC
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$39,484,894
Investments
37%
Receivables (Non-Related)
25%
Prepaid Expenses
15%
Cash & Equivalents
13%
Other Assets
9%
Property, Plant, & Equipment (net)
1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$24,957,682
Payables & Accruals
55%
Deferred Revenue
26%
Other Liabilities
19%
Grants Payable
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
$6,459,226
$4,940,965
-24%
Receivables (Non-Related)
$7,522,826
$9,701,526
+29%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$5,068,639
$5,842,615
+15%
Investments
$13,003,539
$14,793,849
+14%
Property, Plant, & Equipment (net)
$812,043
$476,236
-41%
Other Assets
$5,318,915
$3,729,703
-30%
Total Assets
$38,185,188
$39,484,894
+3%
Liabilities
2023
2024
Change
Payables & Accruals
$14,054,878
$13,845,692
-1%
Grants Payable
-
-
-
Deferred Revenue
$4,437,186
$6,407,434
+44%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$6,757,410
$4,704,556
-30%
Total Liabilities
$25,249,474
$24,957,682
-1%
Net assets
2023
2024
Change
Restricted Net Assets
$2,357,458
$2,408,342
+2%
Unrestricted Net Assets
$10,578,256
$12,118,870
+15%
Net assets
2023
2024
Change
Net assets
+$12,935,714
+$14,527,212
+12%
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