SPRUCE ROOT INC
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$38,810,332
Investments
90%
Cash & Equivalents
7%
Receivables (Non-Related)
3%
Related-Party Receivables
<1%
Prepaid Expenses
<1%
Inventories
0%
Property, Plant, & Equipment (net)
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$5,128,320
Notes Payable / Debt (Non-Related)
70%
Deferred Revenue
16%
Payables & Accruals
8%
Other Liabilities
6%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$5,307,633
$2,763,440
-48%
Receivables (Non-Related)
$651,031
$1,100,015
+69%
Related-Party Receivables
-
$49,838
-
Inventories
-
-
-
Prepaid Expenses
$30,548
$12,107
-60%
Investments
$24,407,806
$34,884,932
+43%
Property, Plant, & Equipment (net)
$0
$0
-
Other Assets
-
-
-
Total Assets
$30,397,018
$38,810,332
+28%
Liabilities
2023
2024
Change
Payables & Accruals
$133,461
$426,267
+219%
Grants Payable
-
-
-
Deferred Revenue
$1,514,879
$801,860
-47%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$3,457,733
$3,589,479
+4%
Related-Party Payables
-
-
-
Other Liabilities
$318,589
$310,714
-2%
Total Liabilities
$5,424,662
$5,128,320
-5%
Net assets
2023
2024
Change
Restricted Net Assets
$24,123,420
$25,795,074
+7%
Unrestricted Net Assets
$848,936
$7,886,938
+829%
Net assets
2023
2024
Change
Net assets
+$24,972,356
+$33,682,012
+35%
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