THE LAUNCHCODE FOUNDATION
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$17,043,325
Investments
33%
Receivables (Non-Related)
31%
Other Assets
20%
Cash & Equivalents
13%
Property, Plant, & Equipment (net)
1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$4,612,676
Other Liabilities
81%
Payables & Accruals
18%
Deferred Revenue
<1%
Grants Payable
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
$4,625,958
$2,280,685
-51%
Receivables (Non-Related)
$5,548,976
$5,280,653
-5%
Related-Party Receivables
-
-
-
Inventories
$307
-
-
Prepaid Expenses
$75,276
$76,992
+2%
Investments
$5,359,943
$5,701,157
+6%
Property, Plant, & Equipment (net)
$271,966
$225,016
-17%
Other Assets
$3,532,442
$3,478,822
-2%
Total Assets
$19,414,868
$17,043,325
-12%
Liabilities
2023
2024
Change
Payables & Accruals
$624,751
$850,236
+36%
Grants Payable
-
-
-
Deferred Revenue
-
$6,800
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$4,227,774
$3,755,640
-11%
Total Liabilities
$4,852,525
$4,612,676
-5%
Net assets
2023
2024
Change
Restricted Net Assets
$372,331
$216,080
-42%
Unrestricted Net Assets
$14,190,012
$12,214,569
-14%
Net assets
2023
2024
Change
Net assets
+$14,562,343
+$12,430,649
-15%
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