CHURCHES UNITED IN MINISTRY
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$3,340,549
Investments
40%
Receivables (Non-Related)
20%
Property, Plant, & Equipment (net)
18%
Other Assets
8%
Cash & Equivalents
7%
Prepaid Expenses
4%
Inventories
3%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$834,715
Payables & Accruals
68%
Other Liabilities
32%
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
$1,034,613
$225,825
-78%
Receivables (Non-Related)
$244,071
$662,384
+171%
Related-Party Receivables
-
-
-
Inventories
$86,713
$100,038
+15%
Prepaid Expenses
$24,931
$141,407
+467%
Investments
$1,193,480
$1,337,713
+12%
Property, Plant, & Equipment (net)
$699,026
$606,556
-13%
Other Assets
-
$266,626
-
Total Assets
$3,282,834
$3,340,549
+2%
Liabilities
2023
2024
Change
Payables & Accruals
$293,048
$568,089
+94%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
$266,626
-
Total Liabilities
$293,048
$834,715
+185%
Net assets
2023
2024
Change
Restricted Net Assets
$242,331
$401,900
+66%
Unrestricted Net Assets
$2,747,455
$2,103,934
-23%
Net assets
2023
2024
Change
Net assets
+$2,989,786
+$2,505,834
-16%
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