Kanakuk Ministries
Balance Sheet
Fiscal Year Start:
Sep 1
Assets in 2023 (Year End)
$53,766,528
Property, Plant, & Equipment (net)
84%
Other Assets
9%
Cash & Equivalents
4%
Inventories
1%
Receivables (Non-Related)
<1%
Investments
<1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Liabilities in 2023 (Year End)
$11,232,221
Other Liabilities
43%
Deferred Revenue
28%
Payables & Accruals
25%
Notes Payable / Debt (Non-Related)
3%
Related-Party Payables
1%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Assets
2022
2023
Change
Cash & Equivalents
$3,386,733
$1,993,588
-41%
Receivables (Non-Related)
$232,675
$334,587
+44%
Related-Party Receivables
-
$0
-
Inventories
$508,507
$590,077
+16%
Prepaid Expenses
$233,113
$244,128
+5%
Investments
$250,000
$250,000
+0%
Property, Plant, & Equipment (net)
$44,824,915
$45,294,242
+1%
Other Assets
-
$5,059,906
-
Total Assets
$49,435,943
$53,766,528
+9%
Liabilities
2022
2023
Change
Payables & Accruals
$2,206,244
$2,797,444
+27%
Grants Payable
-
-
-
Deferred Revenue
$3,256,414
$3,093,480
-5%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$394,698
$383,878
-3%
Related-Party Payables
$139,716
$124,571
-11%
Other Liabilities
-
$4,832,848
-
Total Liabilities
$5,997,072
$11,232,221
+87%
Net assets
2022
2023
Change
Restricted Net Assets
$588,765
$1,623,816
+176%
Unrestricted Net Assets
$42,850,106
$40,910,491
-5%
Net assets
2022
2023
Change
Net assets
+$43,438,871
+$42,534,307
-2%
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