THE FORMATION PROJECT
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$881,538
Property, Plant, & Equipment (net)
43%
Cash & Equivalents
31%
Receivables (Non-Related)
19%
Other Assets
6%
Prepaid Expenses
1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)
$277,103
Notes Payable / Debt (Non-Related)
99%
Payables & Accruals
1%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$108,741
$276,326
+154%
Receivables (Non-Related)
$83,870
$164,926
+97%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$3,751
$12,308
+228%
Investments
-
-
-
Property, Plant, & Equipment (net)
$21,625
$377,872
+1647%
Other Assets
-
$50,106
-
Total Assets
$217,987
$881,538
+304%
Liabilities
2023
2024
Change
Payables & Accruals
$300
$3,353
+1018%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
$273,750
-
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$300
$277,103
+92268%
Net assets
2023
2024
Change
Restricted Net Assets
-
-
-
Unrestricted Net Assets
$217,687
$604,435
+178%
Net assets
2023
2024
Change
Net assets
+$217,687
+$604,435
+178%
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