GLOBAL EMPOWERMENT MISSION INC
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$35,618,473
Cash & Equivalents
35%
Inventories
32%
Receivables (Non-Related)
16%
Prepaid Expenses
9%
Other Assets
4%
Property, Plant, & Equipment (net)
4%
Investments
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$11,948,206
Payables & Accruals
55%
Deferred Revenue
23%
Other Liabilities
18%
Notes Payable / Debt (Non-Related)
4%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$34,189,924
$12,461,124
-64%
Receivables (Non-Related)
-
$5,823,762
-
Related-Party Receivables
-
-
-
Inventories
$13,375,771
$11,456,184
-14%
Prepaid Expenses
-
$3,309,036
-
Investments
$28,155
$51,496
+83%
Property, Plant, & Equipment (net)
$1,000,921
$1,257,619
+26%
Other Assets
$1,844,021
$1,259,252
-32%
Total Assets
$50,438,792
$35,618,473
-29%
Liabilities
2023
2024
Change
Payables & Accruals
$1,374,823
$6,606,816
+381%
Grants Payable
-
-
-
Deferred Revenue
-
$2,779,935
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$533,427
$437,321
-18%
Related-Party Payables
-
-
-
Other Liabilities
$1,762,073
$2,124,134
+21%
Total Liabilities
$3,670,323
$11,948,206
+226%
Net assets
2023
2024
Change
Restricted Net Assets
-
$12,164,796
-
Unrestricted Net Assets
$46,768,469
$11,505,471
-75%
Net assets
2023
2024
Change
Net assets
+$46,768,469
+$23,670,267
-49%
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