SPENCER EDUCATIONAL FOUNDATION INC
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$10,061,035
Investments
77%
Receivables (Non-Related)
16%
Cash & Equivalents
6%
Prepaid Expenses
1%
Other Assets
<1%
Property, Plant, & Equipment (net)
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$389,254
Payables & Accruals
44%
Deferred Revenue
39%
Other Liabilities
17%
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
$1,086,330
$572,541
-47%
Receivables (Non-Related)
$932,178
$1,591,790
+71%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$96,804
$116,039
+20%
Investments
$7,354,444
$7,754,975
+5%
Property, Plant, & Equipment (net)
$10,215
$10,215
+0%
Other Assets
$13,167
$15,475
+18%
Total Assets
$9,493,138
$10,061,035
+6%
Liabilities
2023
2024
Change
Payables & Accruals
$181,216
$170,846
-6%
Grants Payable
-
-
-
Deferred Revenue
$128,107
$153,408
+20%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$110,000
$65,000
-41%
Total Liabilities
$419,323
$389,254
-7%
Net assets
2023
2024
Change
Restricted Net Assets
$2,216,811
$2,848,912
+29%
Unrestricted Net Assets
$6,857,004
$6,822,869
0%
Net assets
2023
2024
Change
Net assets
+$9,073,815
+$9,671,781
+7%
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