THE CENTER FOR EDUCATION REFORM
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$5,733,799
Cash & Equivalents
>99%
Receivables (Non-Related)
<1%
Other Assets
<1%
Property, Plant, & Equipment (net)
<1%
Related-Party Receivables
0%
Inventories
0%
Prepaid Expenses
0%
Investments
0%
Liabilities in 2024 (Year End)
$1,727,036
Grants Payable
87%
Payables & Accruals
13%
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
$20,022,578
$5,692,691
-72%
Receivables (Non-Related)
$3,031,382
$20,186
-99%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$23,526
-
-
Investments
-
-
-
Property, Plant, & Equipment (net)
$8,552
$3,876
-55%
Other Assets
$9,240
$17,046
+84%
Total Assets
$23,095,278
$5,733,799
-75%
Liabilities
2023
2024
Change
Payables & Accruals
$709,422
$227,036
-68%
Grants Payable
$7,569,000
$1,500,000
-80%
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$0
-
-
Total Liabilities
$8,278,422
$1,727,036
-79%
Net assets
2023
2024
Change
Restricted Net Assets
$13,242,238
$1,861,656
-86%
Unrestricted Net Assets
$1,574,618
$2,145,107
+36%
Net assets
2023
2024
Change
Net assets
+$14,816,856
+$4,006,763
-73%
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