THE YOUNGSTOWN EDISON BUSINESS INCUBATOR
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$16,302,782
Property, Plant, & Equipment (net)
84%
Receivables (Non-Related)
12%
Cash & Equivalents
3%
Other Assets
<1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)
$1,956,418
Notes Payable / Debt (Non-Related)
80%
Payables & Accruals
17%
Grants Payable
2%
Deferred Revenue
<1%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$878,155
$565,115
-36%
Receivables (Non-Related)
$789,804
$1,976,112
+150%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$29,782
$48,032
+61%
Investments
-
-
-
Property, Plant, & Equipment (net)
$11,789,358
$13,663,523
+16%
Other Assets
$100,000
$50,000
-50%
Total Assets
$13,587,099
$16,302,782
+20%
Liabilities
2023
2024
Change
Payables & Accruals
$300,875
$341,480
+13%
Grants Payable
$97,294
$48,862
-50%
Deferred Revenue
$360,681
$2,950
-99%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$1,059,043
$1,563,126
+48%
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$1,817,893
$1,956,418
+8%
Net assets
2023
2024
Change
Restricted Net Assets
$437,408
$810,589
+85%
Unrestricted Net Assets
$11,331,798
$13,535,775
+19%
Net assets
2023
2024
Change
Net assets
+$11,769,206
+$14,346,364
+22%
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