Balance Sheet

Fiscal Year: 2024
Jan 1, 2024 – Dec 31, 2024
Assets in 2024 (Year End)
$1,738,143
Cash & Equivalents
91%
Prepaid Expenses
7%
Receivables (Non-Related)
1%
Property, Plant, & Equipment (net)
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$845,466
Deferred Revenue
60%
Payables & Accruals
40%
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
$2,174,373
$1,589,630
-27%
Receivables (Non-Related)
$464,185
$20,000
-96%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$60,078
$122,026
+103%
Investments
-
-
-
Property, Plant, & Equipment (net)
$10,254
$6,487
-37%
Other Assets
-
-
-
Total Assets
$2,708,890
$1,738,143
-36%
Liabilities
2023
2024
Change
Payables & Accruals
$108,475
$341,476
+215%
Grants Payable
-
-
-
Deferred Revenue
$376,270
$503,990
+34%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$484,745
$845,466
+74%
Net assets
2023
2024
Change
Restricted Net Assets
$1,228,739
$404,909
-67%
Unrestricted Net Assets
$995,406
$487,768
-51%
Net assets
2023
2024
Change
Net assets
+$2,224,145
+$892,677
-60%