COVENANT PLACE FOUNDATION
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$3,648,545
Cash & Equivalents
98%
Receivables (Non-Related)
2%
Prepaid Expenses
<1%
Property, Plant, & Equipment (net)
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$1,259,990
Other Liabilities
99%
Payables & Accruals
1%
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
$3,486,729
$3,559,520
+2%
Receivables (Non-Related)
$817,970
$88,293
-89%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$446
$489
+10%
Investments
$0
-
-
Property, Plant, & Equipment (net)
$2,344
$243
-90%
Other Assets
-
-
-
Total Assets
$4,307,489
$3,648,545
-15%
Liabilities
2023
2024
Change
Payables & Accruals
$6,594
$16,472
+150%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$2,125,907
$1,243,518
-42%
Total Liabilities
$2,132,501
$1,259,990
-41%
Net assets
2023
2024
Change
Restricted Net Assets
$191,323
$136,852
-28%
Unrestricted Net Assets
$1,983,665
$2,251,703
+14%
Net assets
2023
2024
Change
Net assets
+$2,174,988
+$2,388,555
+10%
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