AMERICAN PROMISE EDUCATION FUND INC
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$2,230,243
Cash & Equivalents
51%
Receivables (Non-Related)
49%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Property, Plant, & Equipment (net)
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$1,009,841
Other Liabilities
93%
Payables & Accruals
7%
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
$1,503,728
$1,145,270
-24%
Receivables (Non-Related)
$275,001
$1,081,875
+293%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$4,561
$3,098
-32%
Investments
-
-
-
Property, Plant, & Equipment (net)
-
-
-
Other Assets
-
-
-
Total Assets
$1,783,290
$2,230,243
+25%
Liabilities
2023
2024
Change
Payables & Accruals
$55,827
$68,133
+22%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$425,306
$941,708
+121%
Total Liabilities
$481,133
$1,009,841
+110%
Net assets
2023
2024
Change
Restricted Net Assets
$405,244
$1,117,078
+176%
Unrestricted Net Assets
$896,913
$103,324
-88%
Net assets
2023
2024
Change
Net assets
+$1,302,157
+$1,220,402
-6%
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