PROJECT SOUTH INC
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$16,626,763
Cash & Equivalents
52%
Investments
28%
Receivables (Non-Related)
14%
Property, Plant, & Equipment (net)
6%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$3,308,318
Other Liabilities
72%
Notes Payable / Debt (Non-Related)
14%
Deferred Revenue
11%
Payables & Accruals
4%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$13,887,400
$8,681,101
-37%
Receivables (Non-Related)
$3,919,968
$2,276,306
-42%
Related-Party Receivables
$0
-
-
Inventories
$0
-
-
Prepaid Expenses
$0
$22,655
-
Investments
$132,772
$4,670,011
+3417%
Property, Plant, & Equipment (net)
$968,291
$976,690
+1%
Other Assets
$16,778
-
-
Total Assets
$18,925,209
$16,626,763
-12%
Liabilities
2023
2024
Change
Payables & Accruals
$79,252
$126,225
+59%
Grants Payable
-
-
-
Deferred Revenue
-
$350,000
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$505,922
$463,243
-8%
Related-Party Payables
-
-
-
Other Liabilities
$3,642,906
$2,368,850
-35%
Total Liabilities
$4,228,080
$3,308,318
-22%
Net assets
2023
2024
Change
Restricted Net Assets
$7,651,394
$4,825,453
-37%
Unrestricted Net Assets
$7,045,735
$8,492,992
+21%
Net assets
2023
2024
Change
Net assets
+$14,697,129
+$13,318,445
-9%
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