PHILLIS WHEATLEY ASSOCIATION
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$3,631,510
Property, Plant, & Equipment (net)
79%
Cash & Equivalents
21%
Prepaid Expenses
<1%
Other Assets
<1%
Receivables (Non-Related)
0%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)
$131,881
Notes Payable / Debt (Non-Related)
95%
Payables & Accruals
5%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$552,399
$752,592
+36%
Receivables (Non-Related)
$4,103
$0
-100%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$3,452
$10,579
+206%
Investments
-
-
-
Property, Plant, & Equipment (net)
$2,852,650
$2,866,010
+0%
Other Assets
$48,171
$2,329
-95%
Total Assets
$3,460,775
$3,631,510
+5%
Liabilities
2023
2024
Change
Payables & Accruals
$6,370
$6,881
+8%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$27,940
$125,000
+347%
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$34,310
$131,881
+284%
Net assets
2023
2024
Change
Restricted Net Assets
-
$0
-
Unrestricted Net Assets
$3,426,465
$3,499,629
+2%
Net assets
2023
2024
Change
Net assets
+$3,426,465
+$3,499,629
+2%
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