INSURANCE TRAINING AND EDUCATION CENTER INC
Balance Sheet
Fiscal Year Start:
Nov 1
Assets in 2024 (Year End)
$605,413
Cash & Equivalents
98%
Receivables (Non-Related)
1%
Prepaid Expenses
<1%
Property, Plant, & Equipment (net)
<1%
Other Assets
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)
$1,871,278
Other Liabilities
>99%
Deferred Revenue
<1%
Payables & Accruals
<1%
Grants Payable
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
$672,434
$593,229
-12%
Receivables (Non-Related)
$1,248
$6,553
+425%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$3,947
$2,968
-25%
Investments
-
-
-
Property, Plant, & Equipment (net)
$1,663
$1,663
+0%
Other Assets
$1,000
$1,000
+0%
Total Assets
$680,292
$605,413
-11%
Liabilities
2023
2024
Change
Payables & Accruals
$13,387
$4,395
-67%
Grants Payable
-
-
-
Deferred Revenue
$14,505
$13,040
-10%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$1,913,007
$1,853,843
-3%
Total Liabilities
$1,940,899
$1,871,278
-4%
Net assets
2023
2024
Change
Restricted Net Assets
-
-
-
Unrestricted Net Assets
-$1,260,607
-$1,265,865
0%
Net assets
2023
2024
Change
Net assets
-$1,260,607
-$1,265,865
0%
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