FORMATIVE FOUNDATION
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$5,137,504
Cash & Equivalents
>99%
Receivables (Non-Related)
<1%
Related-Party Receivables
0%
Inventories
0%
Prepaid Expenses
0%
Investments
0%
Property, Plant, & Equipment (net)
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$551,642
Grants Payable
97%
Payables & Accruals
3%
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
$4,826,846
$5,107,066
+6%
Receivables (Non-Related)
$90,500
$30,438
-66%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
-
-
-
Investments
-
-
-
Property, Plant, & Equipment (net)
-
-
-
Other Assets
-
-
-
Total Assets
$4,917,346
$5,137,504
+4%
Liabilities
2023
2024
Change
Payables & Accruals
$19,116
$16,637
-13%
Grants Payable
$290,001
$535,005
+84%
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$309,117
$551,642
+78%
Net assets
2023
2024
Change
Restricted Net Assets
$0
$25,000
-
Unrestricted Net Assets
$4,608,229
$4,560,862
-1%
Net assets
2023
2024
Change
Net assets
+$4,608,229
+$4,585,862
0%
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