LAKE-SUMTER STATE COLLEGE FOUNDATION INC
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$34,929,156
Investments
86%
Cash & Equivalents
11%
Other Assets
3%
Receivables (Non-Related)
<1%
Property, Plant, & Equipment (net)
<1%
Related-Party Receivables
0%
Inventories
0%
Prepaid Expenses
0%
Liabilities in 2024 (Year End)
$1,988,810
Deferred Revenue
87%
Payables & Accruals
13%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$3,048,577
$3,870,177
+27%
Receivables (Non-Related)
$31,522
$43,165
+37%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
-
-
-
Investments
$26,669,021
$29,932,173
+12%
Property, Plant, & Equipment (net)
$13,900
$13,900
+0%
Other Assets
$1,089,366
$1,069,741
-2%
Total Assets
$30,852,386
$34,929,156
+13%
Liabilities
2023
2024
Change
Payables & Accruals
$366,901
$251,485
-31%
Grants Payable
-
-
-
Deferred Revenue
$2,224,575
$1,737,325
-22%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$2,591,476
$1,988,810
-23%
Net assets
2023
2024
Change
Restricted Net Assets
N/A
N/A
N/A
Unrestricted Net Assets
N/A
N/A
N/A
Net assets
2023
2024
Change
Net assets
+$28,260,910
+$32,940,346
+17%
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