LOWER LIGHT MINISTRIES INC
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$3,844,408
Property, Plant, & Equipment (net)
78%
Cash & Equivalents
12%
Investments
5%
Other Assets
5%
Prepaid Expenses
<1%
Receivables (Non-Related)
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$1,083,779
Notes Payable / Debt (Non-Related)
76%
Other Liabilities
13%
Payables & Accruals
7%
Deferred Revenue
4%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$604,566
$461,481
-24%
Receivables (Non-Related)
$1,963
$8,140
+315%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$19,899
$21,505
+8%
Investments
$34,315
$194,335
+466%
Property, Plant, & Equipment (net)
$1,041,265
$2,981,982
+186%
Other Assets
$2,157,464
$176,965
-92%
Total Assets
$3,859,472
$3,844,408
0%
Liabilities
2023
2024
Change
Payables & Accruals
$172,478
$74,337
-57%
Grants Payable
-
-
-
Deferred Revenue
-
$47,565
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$697,882
$818,706
+17%
Related-Party Payables
-
-
-
Other Liabilities
$239,562
$143,171
-40%
Total Liabilities
$1,109,922
$1,083,779
-2%
Net assets
2023
2024
Change
Restricted Net Assets
$1,242,096
$176,429
-86%
Unrestricted Net Assets
$1,507,454
$2,584,200
+71%
Net assets
2023
2024
Change
Net assets
+$2,749,550
+$2,760,629
+0%
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