TORRANCE EDUCATION FOUNDATION
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$1,869,127
Cash & Equivalents
>99%
Receivables (Non-Related)
<1%
Property, Plant, & Equipment (net)
<1%
Related-Party Receivables
0%
Inventories
0%
Prepaid Expenses
0%
Investments
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$203,058
Deferred Revenue
98%
Payables & Accruals
2%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$1,585,180
$1,858,451
+17%
Receivables (Non-Related)
$6,000
$8,500
+42%
Related-Party Receivables
$0
$0
-
Inventories
$0
$0
-
Prepaid Expenses
$737
$0
-100%
Investments
$0
$0
-
Property, Plant, & Equipment (net)
$2,176
$2,176
+0%
Other Assets
$0
$0
-
Total Assets
$1,594,093
$1,869,127
+17%
Liabilities
2023
2024
Change
Payables & Accruals
$181,497
$4,943
-97%
Grants Payable
-
-
-
Deferred Revenue
$155,994
$198,115
+27%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$337,491
$203,058
-40%
Net assets
2023
2024
Change
Restricted Net Assets
$113,932
$152,770
+34%
Unrestricted Net Assets
$1,142,670
$1,513,299
+32%
Net assets
2023
2024
Change
Net assets
+$1,256,602
+$1,666,069
+33%
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