THE BLESSING FOUNDATION INC
Balance Sheet
Fiscal Year Start:
Oct 1
Assets in 2024 (Year End)
$88,761,415
Investments
57%
Property, Plant, & Equipment (net)
40%
Cash & Equivalents
3%
Receivables (Non-Related)
<1%
Other Assets
<1%
Related-Party Receivables
0%
Inventories
0%
Prepaid Expenses
0%
Liabilities in 2024 (Year End)
$28,584,613
Tax-Exempt Bond Liabilities
76%
Notes Payable / Debt (Non-Related)
23%
Payables & Accruals
<1%
Other Liabilities
<1%
Deferred Revenue
<1%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$2,343,221
$2,873,440
+23%
Receivables (Non-Related)
$327,594
$146,944
-55%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
-
-
-
Investments
$41,233,171
$50,401,844
+22%
Property, Plant, & Equipment (net)
$36,444,403
$35,273,107
-3%
Other Assets
$30,829
$66,080
+114%
Total Assets
$80,379,218
$88,761,415
+10%
Liabilities
2023
2024
Change
Payables & Accruals
$351,502
$104,812
-70%
Grants Payable
-
-
-
Deferred Revenue
$12,584
$8,321
-34%
Tax-Exempt Bond Liabilities
$23,502,990
$21,802,242
-7%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$6,849,120
$6,574,494
-4%
Related-Party Payables
-
-
-
Other Liabilities
$99,509
$94,744
-5%
Total Liabilities
$30,815,705
$28,584,613
-7%
Net assets
2023
2024
Change
Restricted Net Assets
$9,414,218
$10,212,317
+8%
Unrestricted Net Assets
$40,149,295
$49,964,485
+24%
Net assets
2023
2024
Change
Net assets
+$49,563,513
+$60,176,802
+21%
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