INNOVATION WORKS INC
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$45,772,445
Investments
65%
Cash & Equivalents
26%
Receivables (Non-Related)
5%
Other Assets
4%
Property, Plant, & Equipment (net)
<1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$5,993,293
Payables & Accruals
38%
Other Liabilities
34%
Deferred Revenue
28%
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
$17,251,795
$11,696,628
-32%
Receivables (Non-Related)
$1,382,758
$2,122,395
+53%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$117,556
$103,323
-12%
Investments
$29,244,473
$29,578,272
+1%
Property, Plant, & Equipment (net)
$65,991
$272,786
+313%
Other Assets
$1,146,086
$1,999,041
+74%
Total Assets
$49,208,659
$45,772,445
-7%
Liabilities
2023
2024
Change
Payables & Accruals
$2,116,827
$2,277,162
+8%
Grants Payable
-
-
-
Deferred Revenue
$4,436,210
$1,684,670
-62%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$1,157,161
$2,031,461
+76%
Total Liabilities
$7,710,198
$5,993,293
-22%
Net assets
2023
2024
Change
Restricted Net Assets
$520,645
$559,962
+8%
Unrestricted Net Assets
$40,977,816
$39,219,190
-4%
Net assets
2023
2024
Change
Net assets
+$41,498,461
+$39,779,152
-4%
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