Friends of the Great Commission
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$2,271,277
Cash & Equivalents
97%
Other Assets
2%
Receivables (Non-Related)
<1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Property, Plant, & Equipment (net)
0%
Liabilities in 2024 (Year End)
$348,476
Other Liabilities
64%
Payables & Accruals
36%
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%
Assets
2023
2024
Change
Cash & Equivalents
$1,268,865
$2,203,042
+74%
Receivables (Non-Related)
$2,265
$21,854
+865%
Related-Party Receivables
$0
$0
-
Inventories
-
-
-
Prepaid Expenses
$5,819
$12,311
+112%
Investments
$523,262
-
-
Property, Plant, & Equipment (net)
$0
$0
-
Other Assets
$53,830
$34,070
-37%
Total Assets
$1,854,041
$2,271,277
+23%
Liabilities
2023
2024
Change
Payables & Accruals
$41,082
$123,759
+201%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
$0
$0
-
Other Liabilities
$140,096
$224,717
+60%
Total Liabilities
$181,178
$348,476
+92%
Net assets
2023
2024
Change
Restricted Net Assets
$1,710,554
$1,939,521
+13%
Unrestricted Net Assets
-$37,691
-$16,720
+56%
Net assets
2023
2024
Change
Net assets
+$1,672,863
+$1,922,801
+15%
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