INNOVATION AFRICA
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$8,138,733
Cash & Equivalents
79%
Prepaid Expenses
9%
Receivables (Non-Related)
5%
Property, Plant, & Equipment (net)
5%
Other Assets
3%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)
$1,990,383
Payables & Accruals
>99%
Grants Payable
0%
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
$5,126,455
$6,396,405
+25%
Receivables (Non-Related)
$414,958
$427,561
+3%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$421,136
$721,039
+71%
Investments
-
-
-
Property, Plant, & Equipment (net)
$350,395
$383,292
+9%
Other Assets
$67,871
$210,436
+210%
Total Assets
$6,380,815
$8,138,733
+28%
Liabilities
2023
2024
Change
Payables & Accruals
$1,151,606
$1,990,383
+73%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$1,151,606
$1,990,383
+73%
Net assets
2023
2024
Change
Restricted Net Assets
$1,563,531
$356,520
-77%
Unrestricted Net Assets
$3,665,678
$5,791,830
+58%
Net assets
2023
2024
Change
Net assets
+$5,229,209
+$6,148,350
+18%
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