Fundamental Needs Inc
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$223,116
Property, Plant, & Equipment (net)
54%
Inventories
25%
Cash & Equivalents
21%
Receivables (Non-Related)
0%
Related-Party Receivables
0%
Prepaid Expenses
0%
Investments
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$67,290
Notes Payable / Debt (Non-Related)
>99%
Payables & Accruals
0%
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
$188,563
$46,578
-75%
Receivables (Non-Related)
$0
$0
-
Related-Party Receivables
-
$0
-
Inventories
$12,500
$55,409
+343%
Prepaid Expenses
-
$0
-
Investments
-
$0
-
Property, Plant, & Equipment (net)
$61,200
$121,129
+98%
Other Assets
-
$0
-
Total Assets
$262,263
$223,116
-15%
Liabilities
2023
2024
Change
Payables & Accruals
-
$0
-
Grants Payable
-
$0
-
Deferred Revenue
-
$0
-
Tax-Exempt Bond Liabilities
-
$0
-
Custodial & Escrow Liabilities
-
$0
-
Notes Payable / Debt (Non-Related)
-
$67,290
-
Related-Party Payables
$40,150
$0
-100%
Other Liabilities
-
$0
-
Total Liabilities
$40,150
$67,290
+68%
Net assets
2023
2024
Change
Restricted Net Assets
$180,000
$101,987
-43%
Unrestricted Net Assets
$42,113
$53,839
+28%
Net assets
2023
2024
Change
Net assets
+$222,113
+$155,826
-30%
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