GALVESTON HISTORICAL FOUNDATION
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$31,454,104
Property, Plant, & Equipment (net)
66%
Other Assets
26%
Investments
4%
Cash & Equivalents
3%
Inventories
<1%
Prepaid Expenses
<1%
Receivables (Non-Related)
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$3,905,390
Other Liabilities
93%
Payables & Accruals
7%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$1,290,842
$1,081,066
-16%
Receivables (Non-Related)
$45,000
$37,500
-17%
Related-Party Receivables
-
-
-
Inventories
$340,626
$169,080
-50%
Prepaid Expenses
$67,301
$37,849
-44%
Investments
$1,295,961
$1,290,619
0%
Property, Plant, & Equipment (net)
$20,605,277
$20,708,034
+0%
Other Assets
$7,990,606
$8,129,956
+2%
Total Assets
$31,635,613
$31,454,104
-1%
Liabilities
2023
2024
Change
Payables & Accruals
$295,026
$291,248
-1%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$3,066,654
$3,614,142
+18%
Total Liabilities
$3,361,680
$3,905,390
+16%
Net assets
2023
2024
Change
Restricted Net Assets
$1,317,038
$1,896,203
+44%
Unrestricted Net Assets
$26,956,895
$25,652,511
-5%
Net assets
2023
2024
Change
Net assets
+$28,273,933
+$27,548,714
-3%
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