Breakthrough Collaborative 2024 Impact Report

2024 Financials Statement of Financial Position ASSETS Current Assets

2024

2023

$407,727 $398,376 $2,295,678 $3,937,657 $66,593

$58,194 $419,182

Cash and cash equivalents......................................................... Accounts receivable .................................................................. Current portion of pledges receivable........................................ Investments................................................................................. Prepaid and deposits..................................................................

$1,113,054 $5,072,952 $101,106

$7,106,031

$6,764,488

Total current assets.....................................................................

$5,759

Property and equipment, net of accumulated depreciation ........................................................

$47,803

Other Assets Endowment investments ............................................................. ROU office lease........................................................................ Pledges receivable, net of current portion and present Value discount ...........................................................................

$113,300 $6,166

$113,300 $ 18,095

$850,251

$869,099

$8,081,507

Total assets.................................................................................

$7,812,785

2024

2023

LIABILITIES AND NET ASSETS Current Liabilities

$244,456 $221,164 - $6,315 $111,917

$231,884 $193,452 $249,576 $12,041 $93,174

Accounts payable and other accrued expenses......................... Accrued paid time off ................................................................ Due to affiliates.......................................................................... Operating lease liability, current portion................................... Deferred revenue........................................................................

$583,852

$780,127

Total current liabilities................................................................

Long-term Liabilities Operating lease liability, net of current portion.........................

-

$6,310

-

$6,310

Total long-term liabilities............................................................

Net assets Without donor restrictions ......................................................... With donor restrictions ..............................................................

$4,015,125 $3,482,530

$4,562,608 $2,463,740 $7,026,348

$7,497,655

Total net assets ..........................................................................

$7,812,785

$8,081,507

Total liabilities and net assets ....................................................

20 | 2024 Impact Report

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