SOWELA TECH COMMUNITY COLLEGE FOUNDATION
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$6,834,717
Investments
62%
Cash & Equivalents
37%
Receivables (Non-Related)
<1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Property, Plant, & Equipment (net)
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$3,087,367
Custodial & Escrow Liabilities
67%
Other Liabilities
33%
Payables & Accruals
<1%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$1,127,663
$2,548,056
+126%
Receivables (Non-Related)
$71,478
$57,758
-19%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$14,319
$23,188
+62%
Investments
$3,874,013
$4,205,715
+9%
Property, Plant, & Equipment (net)
-
-
-
Other Assets
-
-
-
Total Assets
$5,087,473
$6,834,717
+34%
Liabilities
2023
2024
Change
Payables & Accruals
$5,123
$7,430
+45%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
$1,838,312
$2,057,828
+12%
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$127,211
$1,022,109
+703%
Total Liabilities
$1,970,646
$3,087,367
+57%
Net assets
2023
2024
Change
Restricted Net Assets
$2,814,852
$3,294,908
+17%
Unrestricted Net Assets
$301,975
$452,442
+50%
Net assets
2023
2024
Change
Net assets
+$3,116,827
+$3,747,350
+20%
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