The Independence Fund Inc
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$3,870,763
Cash & Equivalents
46%
Investments
26%
Property, Plant, & Equipment (net)
18%
Other Assets
10%
Prepaid Expenses
<1%
Receivables (Non-Related)
0%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$665,062
Notes Payable / Debt (Non-Related)
70%
Payables & Accruals
30%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$2,805,899
$1,766,921
-37%
Receivables (Non-Related)
$0
-
-
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$17,495
$17,495
+0%
Investments
$3,764,638
$1,001,006
-73%
Property, Plant, & Equipment (net)
$650,197
$709,996
+9%
Other Assets
$370,986
$375,345
+1%
Total Assets
$7,609,215
$3,870,763
-49%
Liabilities
2023
2024
Change
Payables & Accruals
$595,236
$197,315
-67%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$467,747
$467,747
+0%
Related-Party Payables
-
-
-
Other Liabilities
$0
-
-
Total Liabilities
$1,062,983
$665,062
-37%
Net assets
2023
2024
Change
Restricted Net Assets
-
-
-
Unrestricted Net Assets
$6,546,232
$3,205,701
-51%
Net assets
2023
2024
Change
Net assets
+$6,546,232
+$3,205,701
-51%
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