BOREALIS PHILANTHROPY
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$78,225,705
Cash & Equivalents
74%
Receivables (Non-Related)
26%
Prepaid Expenses
<1%
Other Assets
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Property, Plant, & Equipment (net)
0%
Liabilities in 2024 (Year End)
$14,155,892
Grants Payable
94%
Payables & Accruals
6%
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
$69,965,542
$57,537,860
-18%
Receivables (Non-Related)
$16,691,330
$20,614,693
+24%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$101,751
$72,492
-29%
Investments
-
-
-
Property, Plant, & Equipment (net)
-
-
-
Other Assets
$660
$660
+0%
Total Assets
$86,759,283
$78,225,705
-10%
Liabilities
2023
2024
Change
Payables & Accruals
$716,447
$798,892
+12%
Grants Payable
$12,973,000
$13,357,000
+3%
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$13,689,447
$14,155,892
+3%
Net assets
2023
2024
Change
Restricted Net Assets
$58,872,162
$50,464,325
-14%
Unrestricted Net Assets
$14,197,674
$13,605,488
-4%
Net assets
2023
2024
Change
Net assets
+$73,069,836
+$64,069,813
-12%
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