NOVO FOUNDATION
NOVO FOUNDATION
NOVO FOUNDATION
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$937,820,671
Investments
79%
Cash & Equivalents
12%
Property, Plant, & Equipment (net)
8%
Other Assets
<1%
Prepaid Expenses
<1%
Inventories
<1%
Receivables (Non-Related)
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$140,052,533
Grants Payable
92%
Payables & Accruals
6%
Other Liabilities
2%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Tax-Exempt Bond Liabilities
N/A
Custodial & Escrow Liabilities
N/A
Assets
2023
2024
Change
Cash & Equivalents
$119,501,745
$112,439,633
-6%
Receivables (Non-Related)
$105,239
$41,015
-61%
Related-Party Receivables
-
-
-
Inventories
$944,355
$922,650
-2%
Prepaid Expenses
$969,419
$1,330,461
+37%
Investments
$542,513,990
$743,528,692
+37%
Property, Plant, & Equipment (net)
$50,937,786
$74,680,712
+47%
Other Assets
$4,349,755
$4,877,508
+12%
Total Assets
$719,322,289
$937,820,671
+30%
Liabilities
2023
2024
Change
Payables & Accruals
$4,879,058
$8,574,159
+76%
Grants Payable
$153,216,430
$129,152,667
-16%
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
N/A
N/A
N/A
Custodial & Escrow Liabilities
N/A
N/A
N/A
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$1,034,141
$2,325,707
+125%
Total Liabilities
$159,129,629
$140,052,533
-12%
Net assets
2023
2024
Change
Restricted Net Assets
-
-
-
Unrestricted Net Assets
$560,192,660
$797,768,138
+42%
Net assets
2023
2024
Change
Net assets
+$560,192,660
+$797,768,138
+42%
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