African American Mayors Assocation
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$9,366,380
Cash & Equivalents
63%
Investments
22%
Receivables (Non-Related)
15%
Other Assets
<1%
Prepaid Expenses
<1%
Property, Plant, & Equipment (net)
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$2,220,337
Deferred Revenue
96%
Payables & Accruals
4%
Grants Payable
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
$5,482,957
$5,888,261
+7%
Receivables (Non-Related)
$1,417,900
$1,387,500
-2%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$28,000
$35,264
+26%
Investments
-
$2,013,993
-
Property, Plant, & Equipment (net)
$1,180
$362
-69%
Other Assets
$47,000
$41,000
-13%
Total Assets
$6,977,037
$9,366,380
+34%
Liabilities
2023
2024
Change
Payables & Accruals
$59,383
$95,670
+61%
Grants Payable
-
-
-
Deferred Revenue
$1,643,667
$2,124,667
+29%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$1,703,050
$2,220,337
+30%
Net assets
2023
2024
Change
Restricted Net Assets
$179,700
$2,000,563
+1013%
Unrestricted Net Assets
$5,094,287
$5,145,480
+1%
Net assets
2023
2024
Change
Net assets
+$5,273,987
+$7,146,043
+35%
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