SET FREE MINISTRIES
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$1,743,718
Cash & Equivalents
74%
Other Assets
23%
Property, Plant, & Equipment (net)
3%
Prepaid Expenses
<1%
Receivables (Non-Related)
0%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)
$419,401
Other Liabilities
95%
Payables & Accruals
5%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$1,131,625
$1,292,837
+14%
Receivables (Non-Related)
$750,000
-
-
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$2,724
$4,055
+49%
Investments
-
-
-
Property, Plant, & Equipment (net)
$27,919
$47,328
+70%
Other Assets
$435,323
$399,498
-8%
Total Assets
$2,347,591
$1,743,718
-26%
Liabilities
2023
2024
Change
Payables & Accruals
$21,875
$19,903
-9%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$435,323
$399,498
-8%
Total Liabilities
$457,198
$419,401
-8%
Net assets
2023
2024
Change
Restricted Net Assets
$411,750
$194,898
-53%
Unrestricted Net Assets
$1,478,643
$1,129,419
-24%
Net assets
2023
2024
Change
Net assets
+$1,890,393
+$1,324,317
-30%
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