DETROIT FOOD & ENTREPRENEURSHIP ACADEMY
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$1,613,164
Cash & Equivalents
52%
Receivables (Non-Related)
24%
Property, Plant, & Equipment (net)
23%
Other Assets
<1%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
0%
Investments
0%
Liabilities in 2024 (Year End)
$46,757
Payables & Accruals
>99%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$1,529,970
$844,397
-45%
Receivables (Non-Related)
$127,497
$382,627
+200%
Related-Party Receivables
-
-
-
Inventories
$6,562
$3,054
-53%
Prepaid Expenses
$3,575
$3,680
+3%
Investments
-
-
-
Property, Plant, & Equipment (net)
$15,290
$368,738
+2312%
Other Assets
$10,550
$10,668
+1%
Total Assets
$1,693,444
$1,613,164
-5%
Liabilities
2023
2024
Change
Payables & Accruals
$56,931
$46,757
-18%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$56,931
$46,757
-18%
Net assets
2023
2024
Change
Restricted Net Assets
$263,574
$420,616
+60%
Unrestricted Net Assets
$1,372,939
$1,145,791
-17%
Net assets
2023
2024
Change
Net assets
+$1,636,513
+$1,566,407
-4%
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