The Rightway Foundation
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$4,993,452
Cash & Equivalents
67%
Receivables (Non-Related)
31%
Property, Plant, & Equipment (net)
1%
Other Assets
<1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)
$1,078,808
Deferred Revenue
80%
Payables & Accruals
12%
Notes Payable / Debt (Non-Related)
9%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$1,918,946
$3,333,967
+74%
Receivables (Non-Related)
$999,779
$1,545,495
+55%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$13,123
$12,646
-4%
Investments
-
-
-
Property, Plant, & Equipment (net)
-
$55,922
-
Other Assets
$1,000
$45,422
+4442%
Total Assets
$2,932,848
$4,993,452
+70%
Liabilities
2023
2024
Change
Payables & Accruals
$103,485
$125,741
+22%
Grants Payable
-
-
-
Deferred Revenue
$799,912
$859,120
+7%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
$93,947
-
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$903,397
$1,078,808
+19%
Net assets
2023
2024
Change
Restricted Net Assets
-
-
-
Unrestricted Net Assets
$2,029,451
$3,914,644
+93%
Net assets
2023
2024
Change
Net assets
+$2,029,451
+$3,914,644
+93%
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