Logo for "Lutheran Family Services in the Carolinas"

Lutheran Family Services in the Carolinas

Lutheran Family Services in the Carolinas

Salisbury, NC, US
501(c)(3)
EIN
56-1286323
Subordinate Organization
Logo for "Lutheran Family Services in the Carolinas"

Lutheran Family Services in the Carolinas

Salisbury, NC, US
501(c)(3)
EIN
56-1286323
Subordinate Organization

Balance Sheet

Fiscal Year Start:
Oct 1
Assets in 2024 (Year End)

$13,426,425

Receivables (Non-Related)
62%
Cash & Equivalents
18%
Investments
10%
Prepaid Expenses
6%
Property, Plant, & Equipment (net)
3%
Other Assets
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)

$8,788,803

Payables & Accruals
79%
Other Liabilities
14%
Deferred Revenue
8%
Grants Payable
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
$2,141,405
$2,438,790
+14%
Receivables (Non-Related)
$8,282,429
$8,350,580
+1%
Related-Party Receivables
-
$0
-
Inventories
-
-
-
Prepaid Expenses
$603,790
$869,745
+44%
Investments
$1,182,655
$1,317,694
+11%
Property, Plant, & Equipment (net)
$262,930
$448,616
+71%
Other Assets
-
$1,000
-
Total Assets
$12,473,209
$13,426,425
+8%
Liabilities
2023
2024
Change
Payables & Accruals
$5,865,904
$6,916,136
+18%
Grants Payable
-
-
-
Deferred Revenue
$297,979
$663,139
+123%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
$0
-
Other Liabilities
$1,596,428
$1,209,528
-24%
Total Liabilities
$7,760,311
$8,788,803
+13%
Net assets
2023
2024
Change
Restricted Net Assets
$3,415,517
$2,286,418
-33%
Unrestricted Net Assets
$1,297,381
$2,351,204
+81%
Net assets
2023
2024
Change
Net assets
+$4,712,898
+$4,637,622
-2%
Balance Sheet
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