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Financials

Statement of financial position for the year ending December 31, 2024

(with comparative totals for year ending December 2023)

ASSETS

2024

2023

CURRENT ASSETS
Cash and cash equivalents
$117,575
$444,488
Other receivable
–
–
Pledges and grants receivable
–
$30,000
Prepaid expenses and deposits
$18,179
$930

Total Current Assets

$135,754

$475,418

INVESTMENTS
$1,140,343
$1,089,890
PROPERTY AND EQUIPMENT
Furniture
$147,445
$147,462
Equipment
$45,420
$45,403
Vehicle
$47,588
$47,588
Less: Accumulated Depreciation
($235,523)
($231,165)
Net Property and Equipment
$4,930
$9,288
OTHER ASSETS
Donated Airline Mileage
$234,824
$205,541
Due from other funds
$442,197
$442,192
Total Other Assets
$677,021
$647,738

TOTAL ASSETS

$1,958,048

$2,222,334

LIABILITIES AND NET ASSETS

CURRENT LIABILITIES
Accounts payable and accrued liabilities
$77,004
$124,224
Note payable, current
$33,000
$33,000
Total Current Liabilities
$110,004
$157,224
OTHER LIABILITIES
Note payable
–
$33,000
Due to other funds
$442,197
$442,197
Total Other Liabilities
$442,197
$475,197

Total Liabilities

$552,201

$632,421

NET ASSETS
Unrestricted
Operating profit (deficit)
($181,623)
($382,003)
Property and equipment, net
$4,930
$9,288
Total Unrestricted
($176,693)
($372,715)
Restricted
$1,582,540
$1,962,628

Total Net Assets

$1,405,847

$1,589,913

TOTAL LIABILITIES AND NET ASSETS

$1,958,048

$2,222,334

Ordinary Income/Expense

Total Income – $2,019,866
Corporate Donations – $172,000
Grants – $165,249
Donations – $530,595
Benefits/Special Events – $275,225
In Kind Donations – $876,797

Program Expenditures

Program Services – $1,821,945
Management & General – $157,231
Fundraising – $174,910