THE SUMMIT FOUNDATION
Balance Sheet
Fiscal Year Start:
Oct 1
Assets in 2024 (Year End)
$24,933,878
Investments
75%
Cash & Equivalents
14%
Receivables (Non-Related)
11%
Property, Plant, & Equipment (net)
<1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$188,079
Deferred Revenue
63%
Grants Payable
21%
Payables & Accruals
16%
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
$2,249,420
$3,613,117
+61%
Receivables (Non-Related)
$2,952,706
$2,641,124
-11%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$53,079
$14,210
-73%
Investments
$16,509,914
$18,648,483
+13%
Property, Plant, & Equipment (net)
$24,622
$16,944
-31%
Other Assets
$0
-
-
Total Assets
$21,789,741
$24,933,878
+14%
Liabilities
2023
2024
Change
Payables & Accruals
$35,839
$30,709
-14%
Grants Payable
$98,150
$38,750
-61%
Deferred Revenue
$165,460
$118,620
-28%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
$0
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$299,449
$188,079
-37%
Net assets
2023
2024
Change
Restricted Net Assets
$3,177,746
$2,885,012
-9%
Unrestricted Net Assets
$18,312,546
$21,860,787
+19%
Net assets
2023
2024
Change
Net assets
+$21,490,292
+$24,745,799
+15%
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