VELA EDUCATION FUND
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$21,403,298
Cash & Equivalents
71%
Receivables (Non-Related)
25%
Investments
4%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Property, Plant, & Equipment (net)
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$2,948,056
Grants Payable
71%
Payables & Accruals
29%
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
$12,905,591
$15,118,178
+17%
Receivables (Non-Related)
$300,000
$5,432,291
+1711%
Related-Party Receivables
$0
$0
-
Inventories
-
-
-
Prepaid Expenses
$65,224
$102,829
+58%
Investments
$250,000
$750,000
+200%
Property, Plant, & Equipment (net)
$0
$0
-
Other Assets
$0
$0
-
Total Assets
$13,520,815
$21,403,298
+58%
Liabilities
2023
2024
Change
Payables & Accruals
$457,952
$863,806
+89%
Grants Payable
$2,625,088
$2,084,250
-21%
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
$0
$0
-
Other Liabilities
$0
$0
-
Total Liabilities
$3,083,040
$2,948,056
-4%
Net assets
2023
2024
Change
Restricted Net Assets
$1,729,120
$7,540,755
+336%
Unrestricted Net Assets
$8,708,655
$10,914,487
+25%
Net assets
2023
2024
Change
Net assets
+$10,437,775
+$18,455,242
+77%
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