VA FOUNDATION FOR INDEPENDENT COLLEGES
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$40,781,297
Investments
92%
Cash & Equivalents
7%
Receivables (Non-Related)
<1%
Other Assets
<1%
Property, Plant, & Equipment (net)
<1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$2,141,078
Grants Payable
87%
Other Liabilities
12%
Payables & Accruals
<1%
Deferred Revenue
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
$3,069,902
$2,770,055
-10%
Receivables (Non-Related)
$195,028
$278,665
+43%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$5,000
$2,012
-60%
Investments
$36,310,656
$37,493,774
+3%
Property, Plant, & Equipment (net)
$28,552
$23,348
-18%
Other Assets
$289,808
$213,443
-26%
Total Assets
$39,898,946
$40,781,297
+2%
Liabilities
2023
2024
Change
Payables & Accruals
$6,651
$13,603
+105%
Grants Payable
$1,857,570
$1,867,521
+1%
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$336,319
$259,954
-23%
Total Liabilities
$2,200,540
$2,141,078
-3%
Net assets
2023
2024
Change
Restricted Net Assets
$12,174,422
$12,462,549
+2%
Unrestricted Net Assets
$25,523,984
$26,177,670
+3%
Net assets
2023
2024
Change
Net assets
+$37,698,406
+$38,640,219
+2%
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