Air Force Academy Foundation
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$169,492,887
Investments
45%
Cash & Equivalents
25%
Receivables (Non-Related)
21%
Property, Plant, & Equipment (net)
9%
Prepaid Expenses
<1%
Other Assets
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$13,334,420
Payables & Accruals
66%
Grants Payable
20%
Custodial & Escrow Liabilities
14%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$41,701,644
$42,320,214
+1%
Receivables (Non-Related)
$43,213,210
$35,508,957
-18%
Related-Party Receivables
$0
$0
-
Inventories
$0
$0
-
Prepaid Expenses
$1,016,716
$127,202
-87%
Investments
$69,391,591
$76,395,958
+10%
Property, Plant, & Equipment (net)
$1,077,920
$15,130,819
+1304%
Other Assets
$146,078
$9,737
-93%
Total Assets
$156,547,159
$169,492,887
+8%
Liabilities
2023
2024
Change
Payables & Accruals
$809,997
$8,813,485
+988%
Grants Payable
$12,135,898
$2,656,946
-78%
Deferred Revenue
$0
$0
-
Tax-Exempt Bond Liabilities
$0
$0
-
Custodial & Escrow Liabilities
$1,459,209
$1,863,989
+28%
Notes Payable / Debt (Non-Related)
$0
$0
-
Related-Party Payables
$0
$0
-
Other Liabilities
$0
$0
-
Total Liabilities
$14,405,104
$13,334,420
-7%
Net assets
2023
2024
Change
Restricted Net Assets
$138,126,797
$149,599,369
+8%
Unrestricted Net Assets
$4,015,258
$6,559,098
+63%
Net assets
2023
2024
Change
Net assets
+$142,142,055
+$156,158,467
+10%
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