CHILDREN'S LITERACY INITIATIVE
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$6,477,368
Receivables (Non-Related)
52%
Other Assets
24%
Cash & Equivalents
16%
Investments
3%
Prepaid Expenses
2%
Inventories
2%
Property, Plant, & Equipment (net)
1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$2,957,783
Other Liabilities
58%
Payables & Accruals
31%
Notes Payable / Debt (Non-Related)
12%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$2,884,443
$1,005,130
-65%
Receivables (Non-Related)
$5,001,405
$3,345,411
-33%
Related-Party Receivables
-
-
-
Inventories
$157,269
$122,252
-22%
Prepaid Expenses
$242,193
$156,353
-35%
Investments
$1,380,997
$211,293
-85%
Property, Plant, & Equipment (net)
$126,825
$78,090
-38%
Other Assets
$1,910,003
$1,558,839
-18%
Total Assets
$11,703,135
$6,477,368
-45%
Liabilities
2023
2024
Change
Payables & Accruals
$1,392,414
$906,011
-35%
Grants Payable
-
-
-
Deferred Revenue
$68,163
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
$350,000
-
Related-Party Payables
-
-
-
Other Liabilities
$2,045,811
$1,701,772
-17%
Total Liabilities
$3,506,388
$2,957,783
-16%
Net assets
2023
2024
Change
Restricted Net Assets
$326,823
$375,214
+15%
Unrestricted Net Assets
$7,869,924
$3,144,371
-60%
Net assets
2023
2024
Change
Net assets
+$8,196,747
+$3,519,585
-57%
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