GLOBAL POVERTY PROJECT INC
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$20,147,437
Receivables (Non-Related)
45%
Other Assets
20%
Cash & Equivalents
19%
Property, Plant, & Equipment (net)
13%
Prepaid Expenses
3%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)
$10,363,213
Other Liabilities
54%
Payables & Accruals
46%
Deferred Revenue
<1%
Grants Payable
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
$5,079,445
$3,774,349
-26%
Receivables (Non-Related)
$11,797,463
$9,111,094
-23%
Related-Party Receivables
$0
$0
-
Inventories
$0
-
-
Prepaid Expenses
$511,188
$515,720
+1%
Investments
$0
-
-
Property, Plant, & Equipment (net)
$244
$2,672,531
+1095200%
Other Assets
$3,714,509
$4,073,743
+10%
Total Assets
$21,102,849
$20,147,437
-5%
Liabilities
2023
2024
Change
Payables & Accruals
$7,575,262
$4,733,845
-38%
Grants Payable
$0
-
-
Deferred Revenue
$10,512
$75,000
+613%
Tax-Exempt Bond Liabilities
$0
-
-
Custodial & Escrow Liabilities
$0
-
-
Notes Payable / Debt (Non-Related)
$0
-
-
Related-Party Payables
$0
$0
-
Other Liabilities
$669,412
$5,554,368
+730%
Total Liabilities
$8,255,186
$10,363,213
+26%
Net assets
2023
2024
Change
Restricted Net Assets
$11,249,519
$11,824,490
+5%
Unrestricted Net Assets
$1,598,144
-$2,040,266
-228%
Net assets
2023
2024
Change
Net assets
+$12,847,663
+$9,784,224
-24%
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