Cabarrus Cooperative Christian Ministry
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$21,185,926
Property, Plant, & Equipment (net)
55%
Receivables (Non-Related)
25%
Cash & Equivalents
16%
Other Assets
4%
Inventories
<1%
Related-Party Receivables
0%
Prepaid Expenses
0%
Investments
0%
Liabilities in 2024 (Year End)
$3,341,476
Notes Payable / Debt (Non-Related)
60%
Deferred Revenue
31%
Payables & Accruals
8%
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
$1,364,885
$3,385,406
+148%
Receivables (Non-Related)
$1,057,216
$5,200,900
+392%
Related-Party Receivables
$0
$0
-
Inventories
$76,463
$71,002
-7%
Prepaid Expenses
$0
$0
-
Investments
$0
$0
-
Property, Plant, & Equipment (net)
$5,146,457
$11,631,977
+126%
Other Assets
$806,454
$896,641
+11%
Total Assets
$8,451,475
$21,185,926
+151%
Liabilities
2023
2024
Change
Payables & Accruals
$53,528
$275,918
+415%
Grants Payable
-
-
-
Deferred Revenue
-
$1,050,962
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
$2,000,000
-
Related-Party Payables
-
-
-
Other Liabilities
$18,469
$14,596
-21%
Total Liabilities
$71,997
$3,341,476
+4541%
Net assets
2023
2024
Change
Restricted Net Assets
$1,103,952
$6,378,456
+478%
Unrestricted Net Assets
$7,275,526
$11,465,994
+58%
Net assets
2023
2024
Change
Net assets
+$8,379,478
+$17,844,450
+113%
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