PENCILS OF PROMISE INCORPORATED
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$1,225,764
Cash & Equivalents
84%
Receivables (Non-Related)
8%
Property, Plant, & Equipment (net)
5%
Prepaid Expenses
3%
Other Assets
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)
$583,963
Notes Payable / Debt (Non-Related)
86%
Payables & Accruals
14%
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
$1,191,796
$1,027,081
-14%
Receivables (Non-Related)
$500,000
$95,163
-81%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$20,545
$32,030
+56%
Investments
-
-
-
Property, Plant, & Equipment (net)
$98,688
$63,490
-36%
Other Assets
$8,000
$8,000
+0%
Total Assets
$1,819,029
$1,225,764
-33%
Liabilities
2023
2024
Change
Payables & Accruals
$35,101
$83,963
+139%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
$500,000
-
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$35,101
$583,963
+1564%
Net assets
2023
2024
Change
Restricted Net Assets
$651,200
$95,163
-85%
Unrestricted Net Assets
$1,132,728
$546,638
-52%
Net assets
2023
2024
Change
Net assets
+$1,783,928
+$641,801
-64%
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