THE SUMMERLEE FOUNDATION
THE SUMMERLEE FOUNDATION
THE SUMMERLEE FOUNDATION
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$80,616,840
Investments
97%
Other Assets
2%
Cash & Equivalents
1%
Prepaid Expenses
<1%
Property, Plant, & Equipment (net)
<1%
Receivables (Non-Related)
0%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$1,402,145
Other Liabilities
58%
Grants Payable
38%
Payables & Accruals
4%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Tax-Exempt Bond Liabilities
N/A
Custodial & Escrow Liabilities
N/A
Assets
2023
2024
Change
Cash & Equivalents
$703,371
$1,149,231
+63%
Receivables (Non-Related)
$2,500
-
-
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$37,263
$37,263
+0%
Investments
$71,510,340
$78,148,914
+9%
Property, Plant, & Equipment (net)
$695,633
$2,341
-100%
Other Assets
$3,446,190
$1,279,091
-63%
Total Assets
$76,395,297
$80,616,840
+6%
Liabilities
2023
2024
Change
Payables & Accruals
$457,448
$56,861
-88%
Grants Payable
$451,337
$528,917
+17%
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
N/A
N/A
N/A
Custodial & Escrow Liabilities
N/A
N/A
N/A
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$470,693
$816,367
+73%
Total Liabilities
$1,379,478
$1,402,145
+2%
Net assets
2023
2024
Change
Restricted Net Assets
-
-
-
Unrestricted Net Assets
$75,015,819
$79,214,695
+6%
Net assets
2023
2024
Change
Net assets
+$75,015,819
+$79,214,695
+6%
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