Back 2 Back Ministries Inc
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$16,977,482
Investments
55%
Property, Plant, & Equipment (net)
26%
Cash & Equivalents
17%
Other Assets
2%
Receivables (Non-Related)
<1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$1,179,713
Notes Payable / Debt (Non-Related)
62%
Payables & Accruals
38%
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
$3,154,671
$2,855,864
-9%
Receivables (Non-Related)
$9,591
$30,697
+220%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
-
$5,080
-
Investments
$10,438,344
$9,329,249
-11%
Property, Plant, & Equipment (net)
$4,651,959
$4,464,188
-4%
Other Assets
$76,415
$292,404
+283%
Total Assets
$18,330,980
$16,977,482
-7%
Liabilities
2023
2024
Change
Payables & Accruals
$394,164
$452,132
+15%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$769,765
$727,581
-5%
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$1,163,929
$1,179,713
+1%
Net assets
2023
2024
Change
Restricted Net Assets
$3,573,612
$1,583,538
-56%
Unrestricted Net Assets
$13,593,439
$14,214,231
+5%
Net assets
2023
2024
Change
Net assets
+$17,167,051
+$15,797,769
-8%
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