THE CITADEL FOUNDATION
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$332,294,617
Investments
84%
Other Assets
6%
Receivables (Non-Related)
5%
Cash & Equivalents
5%
Prepaid Expenses
<1%
Property, Plant, & Equipment (net)
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$23,463,918
Grants Payable
42%
Other Liabilities
26%
Notes Payable / Debt (Non-Related)
17%
Payables & Accruals
15%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$20,361,310
$15,158,259
-26%
Receivables (Non-Related)
$21,079,226
$16,001,706
-24%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$511,841
$339,695
-34%
Investments
$256,849,901
$280,405,239
+9%
Property, Plant, & Equipment (net)
$29,719
$59,089
+99%
Other Assets
$16,253,713
$20,330,629
+25%
Total Assets
$315,085,710
$332,294,617
+5%
Liabilities
2023
2024
Change
Payables & Accruals
$12,255,292
$3,632,504
-70%
Grants Payable
$7,031,810
$9,753,888
+39%
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$4,000,000
$4,000,000
+0%
Related-Party Payables
-
-
-
Other Liabilities
$5,078,242
$6,077,526
+20%
Total Liabilities
$28,365,344
$23,463,918
-17%
Net assets
2023
2024
Change
Restricted Net Assets
$208,595,285
$225,786,756
+8%
Unrestricted Net Assets
$78,125,081
$83,043,943
+6%
Net assets
2023
2024
Change
Net assets
+$286,720,366
+$308,830,699
+8%
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