Far Reaching Ministries
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$22,941,786
Cash & Equivalents
60%
Property, Plant, & Equipment (net)
21%
Other Assets
12%
Investments
5%
Receivables (Non-Related)
1%
Related-Party Receivables
<1%
Prepaid Expenses
<1%
Inventories
0%
Liabilities in 2024 (Year End)
$151,556
Grants Payable
69%
Payables & Accruals
31%
Deferred Revenue
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
$10,418,896
$13,779,051
+32%
Receivables (Non-Related)
$248,514
$342,421
+38%
Related-Party Receivables
$0
$113,324
-
Inventories
$0
$0
-
Prepaid Expenses
$113
$4,423
+3814%
Investments
$1,461,133
$1,071,792
-27%
Property, Plant, & Equipment (net)
$4,730,846
$4,895,404
+3%
Other Assets
$2,680,170
$2,735,371
+2%
Total Assets
$19,539,672
$22,941,786
+17%
Liabilities
2023
2024
Change
Payables & Accruals
$3,577
$46,556
+1202%
Grants Payable
-
$105,000
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$3,577
$151,556
+4137%
Net assets
2023
2024
Change
Restricted Net Assets
-
$1,642,121
-
Unrestricted Net Assets
$19,536,095
$21,148,109
+8%
Net assets
2023
2024
Change
Net assets
+$19,536,095
+$22,790,230
+17%
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