VIRGINIA STATE GOLF ASSOCIATION
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$6,474,500
Investments
41%
Cash & Equivalents
33%
Property, Plant, & Equipment (net)
19%
Receivables (Non-Related)
2%
Prepaid Expenses
2%
Other Assets
2%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$1,677,565
Deferred Revenue
40%
Notes Payable / Debt (Non-Related)
38%
Payables & Accruals
22%
Other Liabilities
<1%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$1,872,276
$2,165,792
+16%
Receivables (Non-Related)
$91,000
$143,981
+58%
Related-Party Receivables
-
-
-
Inventories
$13,282
$14,902
+12%
Prepaid Expenses
$145,245
$130,136
-10%
Investments
$2,089,642
$2,673,941
+28%
Property, Plant, & Equipment (net)
$1,270,719
$1,245,345
-2%
Other Assets
$34,756
$100,403
+189%
Total Assets
$5,516,920
$6,474,500
+17%
Liabilities
2023
2024
Change
Payables & Accruals
$347,286
$371,599
+7%
Grants Payable
-
-
-
Deferred Revenue
$524,849
$664,020
+27%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$683,275
$631,176
-8%
Related-Party Payables
-
-
-
Other Liabilities
$13,855
$10,770
-22%
Total Liabilities
$1,569,265
$1,677,565
+7%
Net assets
2023
2024
Change
Restricted Net Assets
$665,199
$760,153
+14%
Unrestricted Net Assets
$3,282,456
$4,036,782
+23%
Net assets
2023
2024
Change
Net assets
+$3,947,655
+$4,796,935
+22%
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