LIMA AREA CHAMBER FOUNDATION
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$7,630,973
Receivables (Non-Related)
44%
Cash & Equivalents
34%
Property, Plant, & Equipment (net)
22%
Prepaid Expenses
<1%
Other Assets
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)
$5,786,480
Notes Payable / Debt (Non-Related)
98%
Deferred Revenue
2%
Payables & Accruals
<1%
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
$2,512,571
$2,572,246
+2%
Receivables (Non-Related)
$3,259,659
$3,360,451
+3%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
-
$37,500
-
Investments
-
-
-
Property, Plant, & Equipment (net)
$1,729,938
$1,659,682
-4%
Other Assets
$1,640
$1,094
-33%
Total Assets
$7,503,808
$7,630,973
+2%
Liabilities
2023
2024
Change
Payables & Accruals
$32,902
$52,128
+58%
Grants Payable
-
-
-
Deferred Revenue
-
$89,734
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$5,742,838
$5,644,618
-2%
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$5,775,740
$5,786,480
+0%
Net assets
2023
2024
Change
Restricted Net Assets
N/A
N/A
N/A
Unrestricted Net Assets
N/A
N/A
N/A
Net assets
2023
2024
Change
Net assets
+$1,728,068
+$1,844,493
+7%
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