THE CLEVELAND AVENUE FOUNDATION FOR EDUCATION GROUP
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$28,664,750
Receivables (Non-Related)
41%
Cash & Equivalents
34%
Investments
25%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Property, Plant, & Equipment (net)
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$2,364,753
Grants Payable
91%
Payables & Accruals
9%
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
$6,721,356
$9,624,121
+43%
Receivables (Non-Related)
$1,169,561
$11,782,333
+907%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$644
$1,319
+105%
Investments
$6,892,983
$7,256,977
+5%
Property, Plant, & Equipment (net)
-
-
-
Other Assets
-
-
-
Total Assets
$14,784,544
$28,664,750
+94%
Liabilities
2023
2024
Change
Payables & Accruals
$33,104
$214,753
+549%
Grants Payable
$5,181,044
$2,150,000
-59%
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$5,214,148
$2,364,753
-55%
Net assets
2023
2024
Change
Restricted Net Assets
$8,053,696
$24,460,136
+204%
Unrestricted Net Assets
$1,516,700
$1,839,861
+21%
Net assets
2023
2024
Change
Net assets
+$9,570,396
+$26,299,997
+175%
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