AIRCRAFT OWNERS & PILOTS ASSOCIATIONPub 78
Pub 78
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$148,237,007
Investments
85%
Property, Plant, & Equipment (net)
5%
Other Assets
5%
Cash & Equivalents
4%
Prepaid Expenses
<1%
Receivables (Non-Related)
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$22,804,884
Deferred Revenue
45%
Other Liabilities
28%
Payables & Accruals
19%
Notes Payable / Debt (Non-Related)
8%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$4,037,965
$5,288,077
+31%
Receivables (Non-Related)
$797,603
$702,552
-12%
Related-Party Receivables
-
-
-
Inventories
$36,230
$10,573
-71%
Prepaid Expenses
$1,317,545
$1,399,316
+6%
Investments
$118,786,036
$126,153,437
+6%
Property, Plant, & Equipment (net)
$9,140,195
$7,945,870
-13%
Other Assets
$6,661,586
$6,737,182
+1%
Total Assets
$140,777,160
$148,237,007
+5%
Liabilities
2023
2024
Change
Payables & Accruals
$4,584,328
$4,242,556
-7%
Grants Payable
-
-
-
Deferred Revenue
$10,829,425
$10,366,267
-4%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$2,047,700
$1,889,300
-8%
Related-Party Payables
-
-
-
Other Liabilities
$5,867,591
$6,306,761
+7%
Total Liabilities
$23,329,044
$22,804,884
-2%
Net assets
2023
2024
Change
Restricted Net Assets
-
-
-
Unrestricted Net Assets
$117,448,116
$125,432,123
+7%
Net assets
2023
2024
Change
Net assets
+$117,448,116
+$125,432,123
+7%
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