ROBOTICS EDUCATION & COMPETITION FOUNDATION INC

ROBOTICS EDUCATION & COMPETITION FOUNDATION INC

Greenville, TX, US
501(c)(3)
EIN
35-2212630

ROBOTICS EDUCATION & COMPETITION FOUNDATION INC

Greenville, TX, US
501(c)(3)
EIN
35-2212630

Balance Sheet

Fiscal Year Start:
Sep 1
Assets in 2024 (Year End)

$18,429,317

Cash & Equivalents
71%
Receivables (Non-Related)
29%
Property, Plant, & Equipment (net)
<1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Other Assets
0%
Liabilities in 2024 (Year End)

$4,489,757

Payables & Accruals
88%
Other Liabilities
11%
Notes Payable / Debt (Non-Related)
<1%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$9,727,802
$13,045,311
+34%
Receivables (Non-Related)
$1,974,527
$5,360,795
+171%
Related-Party Receivables
-
$0
-
Inventories
-
$0
-
Prepaid Expenses
-
$9,800
-
Investments
-
$0
-
Property, Plant, & Equipment (net)
$20,430
$13,411
-34%
Other Assets
-
$0
-
Total Assets
$11,722,759
$18,429,317
+57%
Liabilities
2023
2024
Change
Payables & Accruals
$94,283
$3,970,749
+4112%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$7,635
$7,635
+0%
Related-Party Payables
-
-
-
Other Liabilities
$623,953
$511,373
-18%
Total Liabilities
$725,871
$4,489,757
+519%
Net assets
2023
2024
Change
Restricted Net Assets
$1,147,221
$10,040,494
+775%
Unrestricted Net Assets
$9,849,667
$3,899,066
-60%
Net assets
2023
2024
Change
Net assets
+$10,996,888
+$13,939,560
+27%
Balance Sheet
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