FIRST FRUIT MINISTRIES
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$2,092,269
Property, Plant, & Equipment (net)
55%
Cash & Equivalents
33%
Receivables (Non-Related)
11%
Other Assets
1%
Related-Party Receivables
0%
Inventories
0%
Prepaid Expenses
0%
Investments
0%
Liabilities in 2024 (Year End)
$418,919
Notes Payable / Debt (Non-Related)
63%
Deferred Revenue
28%
Payables & Accruals
9%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$458,518
$682,896
+49%
Receivables (Non-Related)
$26,482
$234,517
+786%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
-
-
-
Investments
-
-
-
Property, Plant, & Equipment (net)
$1,229,581
$1,144,260
-7%
Other Assets
$30,596
$30,596
+0%
Total Assets
$1,745,177
$2,092,269
+20%
Liabilities
2023
2024
Change
Payables & Accruals
$41,636
$36,183
-13%
Grants Payable
-
-
-
Deferred Revenue
-
$118,571
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$306,385
$264,165
-14%
Related-Party Payables
-
-
-
Other Liabilities
$0
-
-
Total Liabilities
$348,021
$418,919
+20%
Net assets
2023
2024
Change
Restricted Net Assets
-
-
-
Unrestricted Net Assets
$1,397,156
$1,673,350
+20%
Net assets
2023
2024
Change
Net assets
+$1,397,156
+$1,673,350
+20%
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