MIGHTY OAKS FOUNDATION
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$4,903,249
Property, Plant, & Equipment (net)
44%
Cash & Equivalents
28%
Investments
23%
Inventories
2%
Prepaid Expenses
2%
Receivables (Non-Related)
<1%
Related-Party Receivables
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$857,070
Notes Payable / Debt (Non-Related)
80%
Payables & Accruals
20%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$666,349
$1,376,432
+107%
Receivables (Non-Related)
-
$600
-
Related-Party Receivables
-
-
-
Inventories
$176,522
$122,210
-31%
Prepaid Expenses
$116,811
$121,770
+4%
Investments
$3,309,293
$1,140,999
-66%
Property, Plant, & Equipment (net)
$2,065,791
$2,141,238
+4%
Other Assets
-
-
-
Total Assets
$6,334,766
$4,903,249
-23%
Liabilities
2023
2024
Change
Payables & Accruals
$212,072
$171,240
-19%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$712,883
$685,830
-4%
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$924,955
$857,070
-7%
Net assets
2023
2024
Change
Restricted Net Assets
$712,971
$354,974
-50%
Unrestricted Net Assets
$4,696,840
$3,691,205
-21%
Net assets
2023
2024
Change
Net assets
+$5,409,811
+$4,046,179
-25%
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