ACADEMY RESEARCH AND DEVELOPMENT INSTITUTE

ACADEMY RESEARCH AND DEVELOPMENT INSTITUTE

Colorado Springs, CO, US
501(c)3
EIN
74-2378230

ACADEMY RESEARCH AND DEVELOPMENT INSTITUTE

Colorado Springs, CO, US
501(c)3
EIN
74-2378230

Balance Sheet

Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)

$50,657,188

Investments
97%
Cash & Equivalents
3%
Receivables (Non-Related)
<1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Property, Plant, & Equipment (net)
0%
Other Assets
0%
Liabilities in 2024 (Year End)

$20,462

Payables & Accruals
>99%
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%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$8,566,034
$1,383,930
-84%
Receivables (Non-Related)
$7,195
$34,839
+384%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$8,710
$18,133
+108%
Investments
$35,609,166
$49,220,286
+38%
Property, Plant, & Equipment (net)
-
-
-
Other Assets
$12,520
$0
-100%
Total Assets
$44,203,625
$50,657,188
+15%
Liabilities
2023
2024
Change
Payables & Accruals
$19,174
$20,462
+7%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$19,174
$20,462
+7%
Net assets
2023
2024
Change
Restricted Net Assets
$36,914,179
$38,099,778
+3%
Unrestricted Net Assets
$7,270,272
$12,536,948
+72%
Net assets
2023
2024
Change
Net assets
+$44,184,451
+$50,636,726
+15%
Balance Sheet
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