Seven Acres Foundation
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$20,806,069
Property, Plant, & Equipment (net)
97%
Cash & Equivalents
2%
Receivables (Non-Related)
<1%
Prepaid Expenses
<1%
Other Assets
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)
$7,331,006
Notes Payable / Debt (Non-Related)
>99%
Other Liabilities
<1%
Payables & Accruals
<1%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$510,080
$332,363
-35%
Receivables (Non-Related)
$3,331,893
$155,639
-95%
Related-Party Receivables
$0
$0
-
Inventories
$0
$0
-
Prepaid Expenses
$0
$75,000
-
Investments
$0
$0
-
Property, Plant, & Equipment (net)
$16,368,733
$20,173,179
+23%
Other Assets
$72,298
$69,888
-3%
Total Assets
$20,283,004
$20,806,069
+3%
Liabilities
2023
2024
Change
Payables & Accruals
$127,702
$5,307
-96%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$6,098,511
$7,318,649
+20%
Related-Party Payables
-
-
-
Other Liabilities
$1
$7,050
+704900%
Total Liabilities
$6,226,214
$7,331,006
+18%
Net assets
2023
2024
Change
Restricted Net Assets
$1,227,921
-$581,727
-147%
Unrestricted Net Assets
$12,828,869
$14,056,790
+10%
Net assets
2023
2024
Change
Net assets
+$14,056,790
+$13,475,063
-4%
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