THE ASIAN AMERICAN FOUNDATION
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$77,888,045
Cash & Equivalents
72%
Receivables (Non-Related)
26%
Prepaid Expenses
1%
Other Assets
1%
Property, Plant, & Equipment (net)
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)
$5,474,327
Grants Payable
62%
Payables & Accruals
23%
Other Liabilities
15%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$44,853,905
$56,134,221
+25%
Receivables (Non-Related)
$34,908,062
$19,867,408
-43%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$721,100
$935,851
+30%
Investments
-
-
-
Property, Plant, & Equipment (net)
-
$134,244
-
Other Assets
$42,745
$816,321
+1810%
Total Assets
$80,525,812
$77,888,045
-3%
Liabilities
2023
2024
Change
Payables & Accruals
$650,037
$1,273,550
+96%
Grants Payable
$535,000
$3,397,000
+535%
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
$803,777
-
Total Liabilities
$1,185,037
$5,474,327
+362%
Net assets
2023
2024
Change
Restricted Net Assets
$1,135,006
$1,716,886
+51%
Unrestricted Net Assets
$78,205,769
$70,696,832
-10%
Net assets
2023
2024
Change
Net assets
+$79,340,775
+$72,413,718
-9%
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