LAKE FAMILY RESOURCE CENTER
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$2,251,624
Property, Plant, & Equipment (net)
55%
Receivables (Non-Related)
29%
Other Assets
10%
Cash & Equivalents
4%
Prepaid Expenses
1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)
$1,057,104
Payables & Accruals
44%
Other Liabilities
26%
Deferred Revenue
23%
Notes Payable / Debt (Non-Related)
7%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
-$18,282
$100,049
-647%
Receivables (Non-Related)
$731,366
$656,360
-10%
Related-Party Receivables
$0
$0
-
Inventories
$0
$0
-
Prepaid Expenses
$33,054
$25,413
-23%
Investments
$0
$0
-
Property, Plant, & Equipment (net)
$1,303,610
$1,234,221
-5%
Other Assets
$348,446
$235,581
-32%
Total Assets
$2,398,194
$2,251,624
-6%
Liabilities
2023
2024
Change
Payables & Accruals
$367,589
$462,059
+26%
Grants Payable
-
-
-
Deferred Revenue
$175,602
$246,713
+40%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$150,111
$69,907
-53%
Related-Party Payables
-
-
-
Other Liabilities
$473,564
$278,425
-41%
Total Liabilities
$1,166,866
$1,057,104
-9%
Net assets
2023
2024
Change
Restricted Net Assets
$345
$161
-53%
Unrestricted Net Assets
$1,230,983
$1,194,359
-3%
Net assets
2023
2024
Change
Net assets
+$1,231,328
+$1,194,520
-3%
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