Good Work Institute Inc
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$2,492,713
Cash & Equivalents
74%
Property, Plant, & Equipment (net)
26%
Prepaid Expenses
<1%
Receivables (Non-Related)
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$14,790
Payables & Accruals
>99%
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%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$1,617,649
$1,839,550
+14%
Receivables (Non-Related)
$357,394
$2,700
-99%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$8,532
$3,396
-60%
Investments
-
-
-
Property, Plant, & Equipment (net)
$655,174
$647,067
-1%
Other Assets
-
-
-
Total Assets
$2,638,749
$2,492,713
-6%
Liabilities
2023
2024
Change
Payables & Accruals
$22,510
$14,790
-34%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$22,510
$14,790
-34%
Net assets
2023
2024
Change
Restricted Net Assets
$1,506,792
$1,352,257
-10%
Unrestricted Net Assets
$1,109,447
$1,125,666
+1%
Net assets
2023
2024
Change
Net assets
+$2,616,239
+$2,477,923
-5%
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