funder logo

MAGBIT FOUNDATION

MAGBIT FOUNDATION

Beverly Hills, CA, US
501(c)3
EIN
95-4307648
Regional Funder
funder logo

MAGBIT FOUNDATION

Beverly Hills, CA, US
501(c)3
EIN
95-4307648
Regional Funder

Balance Sheet

Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)

$5,351,330

Cash & Equivalents
63%
Investments
36%
Prepaid Expenses
<1%
Related-Party Receivables
<1%
Property, Plant, & Equipment (net)
<1%
Other Assets
<1%
Receivables (Non-Related)
0%
Inventories
0%
Liabilities in 2024 (Year End)

$581

Other Liabilities
>99%
Payables & Accruals
0%
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
$2,519,530
$3,346,240
+33%
Receivables (Non-Related)
$0
$0
-
Related-Party Receivables
$14,186
$22,975
+62%
Inventories
$0
$0
-
Prepaid Expenses
$12,000
$24,500
+104%
Investments
$455,933
$1,948,507
+327%
Property, Plant, & Equipment (net)
$7,480
$7,480
+0%
Other Assets
$0
$1,628
-
Total Assets
$3,009,129
$5,351,330
+78%
Liabilities
2023
2024
Change
Payables & Accruals
-
-
-
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$3,101
$581
-81%
Total Liabilities
$3,101
$581
-81%
Net assets
2023
2024
Change
Restricted Net Assets
-
$481,719
-
Unrestricted Net Assets
-
$4,869,030
-
Net assets
2023
2024
Change
Net assets
+$3,006,028
+$5,350,749
+78%
Balance Sheet
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