LITERACY CONNECTS
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$4,037,924
Property, Plant, & Equipment (net)
41%
Cash & Equivalents
29%
Receivables (Non-Related)
18%
Other Assets
9%
Prepaid Expenses
2%
Investments
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$137,407
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
$1,127,390
$1,185,724
+5%
Receivables (Non-Related)
$929,084
$709,541
-24%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$35,952
$84,180
+134%
Investments
$127,662
$30,000
-77%
Property, Plant, & Equipment (net)
$1,740,817
$1,670,499
-4%
Other Assets
$327,077
$357,980
+9%
Total Assets
$4,287,982
$4,037,924
-6%
Liabilities
2023
2024
Change
Payables & Accruals
$86,639
$137,407
+59%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$364,299
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$450,938
$137,407
-70%
Net assets
2023
2024
Change
Restricted Net Assets
$1,752,137
$1,144,442
-35%
Unrestricted Net Assets
$2,084,907
$2,756,075
+32%
Net assets
2023
2024
Change
Net assets
+$3,837,044
+$3,900,517
+2%
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