VIRGINIA LAW FOUNDATION
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$25,183,987
Investments
90%
Property, Plant, & Equipment (net)
6%
Receivables (Non-Related)
<1%
Cash & Equivalents
<1%
Prepaid Expenses
<1%
Other Assets
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$1,869,147
Deferred Revenue
65%
Payables & Accruals
23%
Other Liabilities
10%
Notes Payable / Debt (Non-Related)
2%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$463,806
$228,878
-51%
Receivables (Non-Related)
$306,512
$237,654
-22%
Related-Party Receivables
$0
$0
-
Inventories
$194,989
$93,270
-52%
Prepaid Expenses
$220,682
$169,342
-23%
Investments
$21,702,995
$22,759,295
+5%
Property, Plant, & Equipment (net)
$1,570,063
$1,553,038
-1%
Other Assets
$201,559
$142,510
-29%
Total Assets
$24,660,606
$25,183,987
+2%
Liabilities
2023
2024
Change
Payables & Accruals
$374,605
$430,075
+15%
Grants Payable
-
-
-
Deferred Revenue
$926,988
$1,207,232
+30%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$60,358
$43,904
-27%
Related-Party Payables
$0
$0
-
Other Liabilities
$262,499
$187,936
-28%
Total Liabilities
$1,624,450
$1,869,147
+15%
Net assets
2023
2024
Change
Restricted Net Assets
$0
-
-
Unrestricted Net Assets
$23,036,156
$23,314,840
+1%
Net assets
2023
2024
Change
Net assets
+$23,036,156
+$23,314,840
+1%
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