KOREAN RESOURCE CENTER INC
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$3,362,855
Property, Plant, & Equipment (net)
76%
Cash & Equivalents
15%
Other Assets
7%
Receivables (Non-Related)
1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)
$1,749,494
Notes Payable / Debt (Non-Related)
95%
Payables & Accruals
4%
Other Liabilities
<1%
Deferred Revenue
<1%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$1,700,576
$502,939
-70%
Receivables (Non-Related)
$32,207
$46,780
+45%
Related-Party Receivables
-
$0
-
Inventories
-
$0
-
Prepaid Expenses
$12,016
$6,416
-47%
Investments
-
$0
-
Property, Plant, & Equipment (net)
$2,584,913
$2,556,744
-1%
Other Assets
$256,064
$249,976
-2%
Total Assets
$4,585,776
$3,362,855
-27%
Liabilities
2023
2024
Change
Payables & Accruals
$110,819
$77,508
-30%
Grants Payable
-
$0
-
Deferred Revenue
-
$3,950
-
Tax-Exempt Bond Liabilities
-
$0
-
Custodial & Escrow Liabilities
-
$0
-
Notes Payable / Debt (Non-Related)
$1,685,000
$1,662,380
-1%
Related-Party Payables
-
$0
-
Other Liabilities
$923,797
$5,656
-99%
Total Liabilities
$2,719,616
$1,749,494
-36%
Net assets
2023
2024
Change
Restricted Net Assets
$155,411
$101,964
-34%
Unrestricted Net Assets
$1,710,749
$1,511,397
-12%
Net assets
2023
2024
Change
Net assets
+$1,866,160
+$1,613,361
-14%
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