THE PITTSBURGH PROMISE FOUNDATION
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$59,110,555
Investments
86%
Receivables (Non-Related)
7%
Cash & Equivalents
7%
Prepaid Expenses
<1%
Property, Plant, & Equipment (net)
<1%
Related-Party Receivables
0%
Inventories
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$332,400
Grants Payable
57%
Other Liabilities
26%
Payables & Accruals
16%
Deferred Revenue
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
$6,153,447
$3,847,087
-37%
Receivables (Non-Related)
$6,471,308
$4,204,738
-35%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$5,874
$51,083
+770%
Investments
$48,740,992
$50,972,297
+5%
Property, Plant, & Equipment (net)
$437,441
$35,350
-92%
Other Assets
-
-
-
Total Assets
$61,809,062
$59,110,555
-4%
Liabilities
2023
2024
Change
Payables & Accruals
$52,152
$54,463
+4%
Grants Payable
$146,600
$191,016
+30%
Deferred Revenue
$0
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$76,819
$86,921
+13%
Total Liabilities
$275,571
$332,400
+21%
Net assets
2023
2024
Change
Restricted Net Assets
$7,171,223
$4,799,476
-33%
Unrestricted Net Assets
$54,362,268
$53,978,679
-1%
Net assets
2023
2024
Change
Net assets
+$61,533,491
+$58,778,155
-4%
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