GENESIS LA ECONOMIC GROWTH CORPORATION
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$147,645,020
Receivables (Non-Related)
53%
Cash & Equivalents
46%
Investments
<1%
Property, Plant, & Equipment (net)
<1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$58,213,503
Notes Payable / Debt (Non-Related)
90%
Payables & Accruals
5%
Deferred Revenue
5%
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
$53,655,811
$67,685,309
+26%
Receivables (Non-Related)
$64,503,485
$78,447,421
+22%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$98,582
$101,853
+3%
Investments
$2,649,264
$1,170,981
-56%
Property, Plant, & Equipment (net)
$127,149
$239,456
+88%
Other Assets
-
-
-
Total Assets
$121,034,291
$147,645,020
+22%
Liabilities
2023
2024
Change
Payables & Accruals
$2,367,990
$2,959,969
+25%
Grants Payable
-
-
-
Deferred Revenue
$2,700,000
$2,700,000
+0%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$44,715,508
$52,553,534
+18%
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$49,783,498
$58,213,503
+17%
Net assets
2023
2024
Change
Restricted Net Assets
$12,517,608
$12,744,417
+2%
Unrestricted Net Assets
$58,733,185
$76,687,100
+31%
Net assets
2023
2024
Change
Net assets
+$71,250,793
+$89,431,517
+26%
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