REVELATIONS OF FREEDOM MINISTRIES
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$3,580,323
Property, Plant, & Equipment (net)
91%
Cash & Equivalents
7%
Other Assets
3%
Receivables (Non-Related)
0%
Related-Party Receivables
0%
Inventories
0%
Prepaid Expenses
0%
Investments
0%
Liabilities in 2024 (Year End)
$1,970,733
Notes Payable / Debt (Non-Related)
50%
Related-Party Payables
49%
Payables & Accruals
<1%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$238,534
$240,067
+1%
Receivables (Non-Related)
-
-
-
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
-
-
-
Investments
-
-
-
Property, Plant, & Equipment (net)
$3,362,129
$3,250,159
-3%
Other Assets
$69,347
$90,097
+30%
Total Assets
$3,670,010
$3,580,323
-2%
Liabilities
2023
2024
Change
Payables & Accruals
$5,714
$8,515
+49%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$1,101,092
$993,618
-10%
Related-Party Payables
$1,218,600
$968,600
-21%
Other Liabilities
-
-
-
Total Liabilities
$2,325,406
$1,970,733
-15%
Net assets
2023
2024
Change
Restricted Net Assets
$6,000
$629
-90%
Unrestricted Net Assets
$1,338,604
$1,608,961
+20%
Net assets
2023
2024
Change
Net assets
+$1,344,604
+$1,609,590
+20%
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