FAITH AND POLITICS INSTITUTE
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$3,875,829
Cash & Equivalents
63%
Investments
13%
Other Assets
11%
Receivables (Non-Related)
10%
Prepaid Expenses
2%
Property, Plant, & Equipment (net)
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$697,358
Other Liabilities
71%
Deferred Revenue
19%
Payables & Accruals
10%
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
$1,714,285
$2,446,802
+43%
Receivables (Non-Related)
$767,207
$369,261
-52%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$62,271
$87,646
+41%
Investments
$497,447
$518,018
+4%
Property, Plant, & Equipment (net)
$3,620
$12,156
+236%
Other Assets
$534,008
$441,946
-17%
Total Assets
$3,578,838
$3,875,829
+8%
Liabilities
2023
2024
Change
Payables & Accruals
$46,210
$71,341
+54%
Grants Payable
-
-
-
Deferred Revenue
$86,000
$133,400
+55%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$556,299
$492,617
-11%
Total Liabilities
$688,509
$697,358
+1%
Net assets
2023
2024
Change
Restricted Net Assets
$1,089,807
$734,723
-33%
Unrestricted Net Assets
$1,800,522
$2,443,748
+36%
Net assets
2023
2024
Change
Net assets
+$2,890,329
+$3,178,471
+10%
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