The AFIT Foundation
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$1,307,794
Investments
97%
Cash & Equivalents
3%
Receivables (Non-Related)
<1%
Related-Party Receivables
0%
Inventories
0%
Prepaid Expenses
0%
Property, Plant, & Equipment (net)
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$167
Payables & Accruals
>99%
Grants Payable
0%
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
$23,730
$40,147
+69%
Receivables (Non-Related)
$330
$430
+30%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
-
-
-
Investments
$1,132,084
$1,267,217
+12%
Property, Plant, & Equipment (net)
$358
$0
-100%
Other Assets
-
-
-
Total Assets
$1,156,502
$1,307,794
+13%
Liabilities
2023
2024
Change
Payables & Accruals
$3,697
$167
-95%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$3,697
$167
-95%
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
+$1,152,805
+$1,307,627
+13%
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