Turn 2 Foundation Inc
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$541,900
Cash & Equivalents
42%
Receivables (Non-Related)
41%
Inventories
9%
Other Assets
3%
Prepaid Expenses
3%
Property, Plant, & Equipment (net)
2%
Related-Party Receivables
0%
Investments
0%
Liabilities in 2024 (Year End)
$68,252
Grants Payable
88%
Payables & Accruals
12%
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
$430,568
$227,777
-47%
Receivables (Non-Related)
$505,311
$220,248
-56%
Related-Party Receivables
-
-
-
Inventories
$50,559
$50,559
+0%
Prepaid Expenses
$13,959
$14,197
+2%
Investments
$502,013
$0
-100%
Property, Plant, & Equipment (net)
$12,607
$12,394
-2%
Other Assets
$16,725
$16,725
+0%
Total Assets
$1,531,742
$541,900
-65%
Liabilities
2023
2024
Change
Payables & Accruals
$66,122
$8,252
-88%
Grants Payable
$253,675
$60,000
-76%
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$319,797
$68,252
-79%
Net assets
2023
2024
Change
Restricted Net Assets
-
-
-
Unrestricted Net Assets
$1,211,945
$473,648
-61%
Net assets
2023
2024
Change
Net assets
+$1,211,945
+$473,648
-61%
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