Luis Palau Association
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$16,662,385
Investments
57%
Cash & Equivalents
28%
Property, Plant, & Equipment (net)
7%
Other Assets
4%
Prepaid Expenses
3%
Receivables (Non-Related)
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$1,813,803
Payables & Accruals
60%
Other Liabilities
40%
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%
Assets
2023
2024
Change
Cash & Equivalents
$4,056,047
$4,667,468
+15%
Receivables (Non-Related)
$2,832
$3,137
+11%
Related-Party Receivables
$0
$0
-
Inventories
-
-
-
Prepaid Expenses
$387,941
$573,413
+48%
Investments
$9,149,814
$9,510,488
+4%
Property, Plant, & Equipment (net)
$1,337,432
$1,177,502
-12%
Other Assets
$938,010
$730,377
-22%
Total Assets
$15,872,076
$16,662,385
+5%
Liabilities
2023
2024
Change
Payables & Accruals
$730,412
$1,082,083
+48%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
$0
$0
-
Other Liabilities
$940,798
$731,720
-22%
Total Liabilities
$1,671,210
$1,813,803
+9%
Net assets
2023
2024
Change
Restricted Net Assets
$0
$503,228
-
Unrestricted Net Assets
$14,200,866
$14,345,354
+1%
Net assets
2023
2024
Change
Net assets
+$14,200,866
+$14,848,582
+5%
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