VIRGINIA LITERACY FOUNDATION
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2025 (Year End)
$1,886,673
Cash & Equivalents
73%
Receivables (Non-Related)
26%
Property, Plant, & Equipment (net)
<1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Other Assets
0%
Liabilities in 2025 (Year End)
$25,998
Payables & Accruals
61%
Other Liabilities
39%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2024
2025
Change
Cash & Equivalents
$949,017
$1,383,057
+46%
Receivables (Non-Related)
$6,077
$494,410
+8036%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$1,232
$1,250
+1%
Investments
-
-
-
Property, Plant, & Equipment (net)
$12,928
$7,956
-38%
Other Assets
-
-
-
Total Assets
$969,254
$1,886,673
+95%
Liabilities
2024
2025
Change
Payables & Accruals
$16,988
$15,839
-7%
Grants Payable
-
-
-
Deferred Revenue
$110,000
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$15,976
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
$10,159
-
Total Liabilities
$142,964
$25,998
-82%
Net assets
2024
2025
Change
Restricted Net Assets
$7,903
$7,903
+0%
Unrestricted Net Assets
$818,387
$1,852,772
+126%
Net assets
2024
2025
Change
Net assets
+$826,290
+$1,860,675
+125%
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