Balance Sheet

Fiscal Year: 2024
Jan 1, 2024 – Dec 31, 2024
Assets in 2024 (Year End)
$1,524,901
Cash & Equivalents
91%
Property, Plant, & Equipment (net)
8%
Prepaid Expenses
<1%
Other Assets
<1%
Receivables (Non-Related)
0%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)
$225,846
Payables & Accruals
67%
Grants Payable
33%
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
$2,043,924
$1,387,813
-32%
Receivables (Non-Related)
$800,000
$0
-100%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$8,727
$11,359
+30%
Investments
-
-
-
Property, Plant, & Equipment (net)
$72,038
$123,932
+72%
Other Assets
$11,287
$1,797
-84%
Total Assets
$2,935,976
$1,524,901
-48%
Liabilities
2023
2024
Change
Payables & Accruals
$270,834
$150,846
-44%
Grants Payable
-
$75,000
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$270,834
$225,846
-17%
Net assets
2023
2024
Change
Restricted Net Assets
$1,374,227
$262,500
-81%
Unrestricted Net Assets
$1,290,915
$1,036,555
-20%
Net assets
2023
2024
Change
Net assets
+$2,665,142
+$1,299,055
-51%