First Descents
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$13,122,329
Cash & Equivalents
53%
Receivables (Non-Related)
30%
Property, Plant, & Equipment (net)
15%
Prepaid Expenses
2%
Investments
<1%
Inventories
<1%
Related-Party Receivables
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$368,742
Payables & Accruals
51%
Deferred Revenue
49%
Grants Payable
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
$6,063,878
$6,892,524
+14%
Receivables (Non-Related)
$519,187
$3,980,874
+667%
Related-Party Receivables
-
-
-
Inventories
-
$15,373
-
Prepaid Expenses
$230,070
$247,062
+7%
Investments
-
$25,058
-
Property, Plant, & Equipment (net)
$1,693,945
$1,961,438
+16%
Other Assets
$15,922
-
-
Total Assets
$8,523,002
$13,122,329
+54%
Liabilities
2023
2024
Change
Payables & Accruals
$196,445
$187,735
-4%
Grants Payable
-
-
-
Deferred Revenue
$156,717
$181,007
+15%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$89,729
-
-
Related-Party Payables
-
-
-
Other Liabilities
$30,343
-
-
Total Liabilities
$473,234
$368,742
-22%
Net assets
2023
2024
Change
Restricted Net Assets
$694,187
$4,694,274
+576%
Unrestricted Net Assets
$7,355,581
$8,059,313
+10%
Net assets
2023
2024
Change
Net assets
+$8,049,768
+$12,753,587
+58%
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