Southmore Foundation Inc
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$9,535,537
Property, Plant, & Equipment (net)
99%
Cash & Equivalents
1%
Receivables (Non-Related)
<1%
Other Assets
<1%
Related-Party Receivables
0%
Inventories
0%
Prepaid Expenses
0%
Investments
0%
Liabilities in 2024 (Year End)
$1,775,482
Notes Payable / Debt (Non-Related)
95%
Payables & Accruals
4%
Deferred Revenue
<1%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$64,021
$104,776
+64%
Receivables (Non-Related)
$2,816
$843
-70%
Related-Party Receivables
$0
$0
-
Inventories
$0
$0
-
Prepaid Expenses
$0
$0
-
Investments
$0
$0
-
Property, Plant, & Equipment (net)
$9,303,297
$9,429,917
+1%
Other Assets
$0
$1
-
Total Assets
$9,370,134
$9,535,537
+2%
Liabilities
2023
2024
Change
Payables & Accruals
$47,172
$79,251
+68%
Grants Payable
-
-
-
Deferred Revenue
$15,085
$14,965
-1%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$2,750,000
$1,681,266
-39%
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$2,812,257
$1,775,482
-37%
Net assets
2023
2024
Change
Restricted Net Assets
-
-
-
Unrestricted Net Assets
$6,557,877
$7,760,055
+18%
Net assets
2023
2024
Change
Net assets
+$6,557,877
+$7,760,055
+18%
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