WASHINGTON LITERACY CENTER
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$749,674
Other Assets
84%
Cash & Equivalents
14%
Receivables (Non-Related)
<1%
Property, Plant, & Equipment (net)
<1%
Investments
<1%
Related-Party Receivables
0%
Inventories
0%
Prepaid Expenses
0%
Liabilities in 2024 (Year End)
$1,425,169
Other Liabilities
48%
Payables & Accruals
32%
Notes Payable / Debt (Non-Related)
20%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$14,454
$107,859
+646%
Receivables (Non-Related)
$2,800
$5,300
+89%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$6,623
-
-
Investments
$4,844
$4,844
+0%
Property, Plant, & Equipment (net)
$10,587
$5,096
-52%
Other Assets
$948,199
$626,575
-34%
Total Assets
$987,507
$749,674
-24%
Liabilities
2023
2024
Change
Payables & Accruals
$471,283
$459,156
-3%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$240,000
$286,500
+19%
Related-Party Payables
-
-
-
Other Liabilities
$1,015,346
$679,513
-33%
Total Liabilities
$1,726,629
$1,425,169
-17%
Net assets
2023
2024
Change
Restricted Net Assets
$30,000
$30,000
+0%
Unrestricted Net Assets
-$769,122
-$705,495
+8%
Net assets
2023
2024
Change
Net assets
-$739,122
-$675,495
+9%
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