OCEAN INSTITUTE
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$14,743,578
Property, Plant, & Equipment (net)
62%
Investments
19%
Cash & Equivalents
14%
Prepaid Expenses
3%
Inventories
<1%
Receivables (Non-Related)
<1%
Related-Party Receivables
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$1,108,541
Notes Payable / Debt (Non-Related)
45%
Deferred Revenue
34%
Payables & Accruals
18%
Other Liabilities
4%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$2,786,204
$2,135,012
-23%
Receivables (Non-Related)
$41,022
$90,181
+120%
Related-Party Receivables
-
-
-
Inventories
$127,917
$110,153
-14%
Prepaid Expenses
$325,744
$402,880
+24%
Investments
$1,129,133
$2,859,843
+153%
Property, Plant, & Equipment (net)
$9,726,679
$9,145,509
-6%
Other Assets
-
-
-
Total Assets
$14,136,699
$14,743,578
+4%
Liabilities
2023
2024
Change
Payables & Accruals
$256,069
$199,394
-22%
Grants Payable
-
-
-
Deferred Revenue
$392,726
$371,807
-5%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$500,000
$495,238
-1%
Related-Party Payables
-
-
-
Other Liabilities
$78,372
$42,102
-46%
Total Liabilities
$1,227,167
$1,108,541
-10%
Net assets
2023
2024
Change
Restricted Net Assets
$1,291,838
$1,122,711
-13%
Unrestricted Net Assets
$11,617,694
$12,512,326
+8%
Net assets
2023
2024
Change
Net assets
+$12,909,532
+$13,635,037
+6%
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