GALILEE CENTER INC
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$15,246,332
Investments
46%
Other Assets
23%
Property, Plant, & Equipment (net)
20%
Cash & Equivalents
5%
Receivables (Non-Related)
5%
Inventories
<1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$2,358,329
Grants Payable
56%
Payables & Accruals
37%
Deferred Revenue
5%
Other Liabilities
2%
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
$734,401
$797,779
+9%
Receivables (Non-Related)
$2,308,724
$718,412
-69%
Related-Party Receivables
-
-
-
Inventories
$95,000
$100,000
+5%
Prepaid Expenses
$15,094
$19,408
+29%
Investments
$4,600,690
$7,063,850
+54%
Property, Plant, & Equipment (net)
$3,044,755
$3,105,558
+2%
Other Assets
$573,626
$3,441,325
+500%
Total Assets
$11,372,290
$15,246,332
+34%
Liabilities
2023
2024
Change
Payables & Accruals
$560,791
$867,302
+55%
Grants Payable
-
$1,327,283
-
Deferred Revenue
$240,000
$120,000
-50%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$95,337
$43,744
-54%
Total Liabilities
$896,128
$2,358,329
+163%
Net assets
2023
2024
Change
Restricted Net Assets
N/A
N/A
N/A
Unrestricted Net Assets
N/A
N/A
N/A
Net assets
2023
2024
Change
Net assets
+$10,476,162
+$12,888,003
+23%
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