LAKE CHRISTIAN MINISTRIES INC
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$2,067,766
Property, Plant, & Equipment (net)
82%
Cash & Equivalents
13%
Investments
5%
Receivables (Non-Related)
0%
Related-Party Receivables
0%
Inventories
0%
Prepaid Expenses
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$2,525
Other Liabilities
>99%
Payables & Accruals
0%
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
2023
2024
Change
Cash & Equivalents
$1,072,502
$272,860
-75%
Receivables (Non-Related)
-
-
-
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$6,871
-
-
Investments
$47,829
$109,269
+128%
Property, Plant, & Equipment (net)
$552,071
$1,685,637
+205%
Other Assets
$251,296
-
-
Total Assets
$1,930,569
$2,067,766
+7%
Liabilities
2023
2024
Change
Payables & Accruals
-
-
-
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$2,604
$2,525
-3%
Total Liabilities
$2,604
$2,525
-3%
Net assets
2023
2024
Change
Restricted Net Assets
$684,617
$67,386
-90%
Unrestricted Net Assets
$1,243,348
$1,997,855
+61%
Net assets
2023
2024
Change
Net assets
+$1,927,965
+$2,065,241
+7%
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