VIRGINIA LITERACY FOUNDATION
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$969,254
Cash & Equivalents
98%
Property, Plant, & Equipment (net)
1%
Receivables (Non-Related)
<1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$142,964
Deferred Revenue
77%
Payables & Accruals
12%
Notes Payable / Debt (Non-Related)
11%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$860,726
$949,017
+10%
Receivables (Non-Related)
-
$6,077
-
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$1,206
$1,232
+2%
Investments
-
-
-
Property, Plant, & Equipment (net)
$0
$12,928
-
Other Assets
-
-
-
Total Assets
$861,932
$969,254
+12%
Liabilities
2023
2024
Change
Payables & Accruals
$17,507
$16,988
-3%
Grants Payable
-
-
-
Deferred Revenue
$115,000
$110,000
-4%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
$15,976
-
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$132,507
$142,964
+8%
Net assets
2023
2024
Change
Restricted Net Assets
$7,903
$7,903
+0%
Unrestricted Net Assets
$721,522
$818,387
+13%
Net assets
2023
2024
Change
Net assets
+$729,425
+$826,290
+13%
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