The Spirit Golf Association
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$12,096,595
Other Assets
84%
Cash & Equivalents
15%
Receivables (Non-Related)
<1%
Prepaid Expenses
<1%
Property, Plant, & Equipment (net)
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)
$10,253,388
Related-Party Payables
69%
Deferred Revenue
29%
Other Liabilities
1%
Payables & Accruals
<1%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Assets
2023
2024
Change
Cash & Equivalents
$2,352,839
$1,873,012
-20%
Receivables (Non-Related)
$92,901
$62,622
-33%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$12,541
$11,750
-6%
Investments
-
-
-
Property, Plant, & Equipment (net)
$7,908
$4,072
-49%
Other Assets
$11,128,547
$10,145,139
-9%
Total Assets
$13,594,736
$12,096,595
-11%
Liabilities
2023
2024
Change
Payables & Accruals
$26,720
$53,357
+100%
Grants Payable
-
-
-
Deferred Revenue
$2,442,949
$3,016,462
+23%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
$8,854,162
$7,051,317
-20%
Other Liabilities
-
$132,252
-
Total Liabilities
$11,323,831
$10,253,388
-9%
Net assets
2023
2024
Change
Restricted Net Assets
-
-
-
Unrestricted Net Assets
$2,270,905
$1,843,207
-19%
Net assets
2023
2024
Change
Net assets
+$2,270,905
+$1,843,207
-19%
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