LOCAL FIRST ARIZONA FOUNDATION
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$5,346,321
Receivables (Non-Related)
51%
Cash & Equivalents
36%
Property, Plant, & Equipment (net)
11%
Prepaid Expenses
2%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$1,981,403
Deferred Revenue
54%
Payables & Accruals
29%
Other Liabilities
17%
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
$1,724,282
$1,924,055
+12%
Receivables (Non-Related)
$3,149,520
$2,713,484
-14%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$14,392
$110,736
+669%
Investments
-
-
-
Property, Plant, & Equipment (net)
$493,432
$598,046
+21%
Other Assets
$34,822
-
-
Total Assets
$5,416,448
$5,346,321
-1%
Liabilities
2023
2024
Change
Payables & Accruals
$2,039,970
$573,590
-72%
Grants Payable
-
-
-
Deferred Revenue
$166,026
$1,063,289
+540%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$158,161
$344,524
+118%
Total Liabilities
$2,364,157
$1,981,403
-16%
Net assets
2023
2024
Change
Restricted Net Assets
$901,772
$841,468
-7%
Unrestricted Net Assets
$2,150,519
$2,523,450
+17%
Net assets
2023
2024
Change
Net assets
+$3,052,291
+$3,364,918
+10%
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