NEW HORIZONS MINISTRIES
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$7,629,720
Cash & Equivalents
58%
Property, Plant, & Equipment (net)
38%
Receivables (Non-Related)
4%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
0%
Investments
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$164,077
Payables & Accruals
>99%
Grants Payable
0%
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
$1,428,931
$4,405,876
+208%
Receivables (Non-Related)
$218,425
$274,455
+26%
Related-Party Receivables
-
-
-
Inventories
$3,500
$3,500
+0%
Prepaid Expenses
$24,491
$14,724
-40%
Investments
$2,964,930
-
-
Property, Plant, & Equipment (net)
$2,254,719
$2,931,165
+30%
Other Assets
$0
-
-
Total Assets
$6,894,996
$7,629,720
+11%
Liabilities
2023
2024
Change
Payables & Accruals
$178,301
$164,077
-8%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$178,301
$164,077
-8%
Net assets
2023
2024
Change
Restricted Net Assets
$61,843
$337,103
+445%
Unrestricted Net Assets
$6,654,852
$7,128,540
+7%
Net assets
2023
2024
Change
Net assets
+$6,716,695
+$7,465,643
+11%
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