GOSPELINK INC
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2020 (Year End)
$2,017,430
Cash & Equivalents
85%
Property, Plant, & Equipment (net)
14%
Inventories
1%
Investments
<1%
Other Assets
<1%
Receivables (Non-Related)
0%
Related-Party Receivables
0%
Prepaid Expenses
0%
Liabilities in 2020 (Year End)
$129,124
Notes Payable / Debt (Non-Related)
92%
Payables & Accruals
8%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2019
2020
Change
Cash & Equivalents
$1,176,932
$1,709,715
+45%
Receivables (Non-Related)
-
-
-
Related-Party Receivables
-
-
-
Inventories
-
$20,400
-
Prepaid Expenses
-
-
-
Investments
-
$8,354
-
Property, Plant, & Equipment (net)
$281,233
$273,157
-3%
Other Assets
$5,162
$5,804
+12%
Total Assets
$1,463,327
$2,017,430
+38%
Liabilities
2019
2020
Change
Payables & Accruals
$5,905
$10,441
+77%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$139,470
$118,683
-15%
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$145,375
$129,124
-11%
Net assets
2019
2020
Change
Restricted Net Assets
$1,292,357
$1,577,439
+22%
Unrestricted Net Assets
$25,595
$310,867
+1115%
Net assets
2019
2020
Change
Net assets
+$1,317,952
+$1,888,306
+43%
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