2023 STATEMENTS OF FINANCIAL POSITION AS OF DECEMBER 31, 2023 AND 2022 ASSETS 2022
CURRENT ASSETS Cash and Cash Equivalents
(audited)
(unaudited)
1,020,988
949,931 84,990 610,388 215,346
Cash and Cash Equivalents - Restricted
34,692 694,912 187,615 50,470
Investments
Promises to give
Prepaid expenses and other assets
18,216
Total Current Assets
1,988,676
1,878,871
PROPERTY AND EQUIPMENT Property and equipment Less: accumulated depreciation
4,821,353 (3,423,882) 1,397,471
4,749,306 (3,169,873) 1,579,861
Property and equipment, net
LONG-TERM ASSETS Capital Campaign Expenditures
231,058
Promises to give - Restricted (Capital Campaign)
2,508,160 2,739,218
Total Long-Term Assets
Total Assets
6,125,365
3,458,304
LIABILITIES & NET ASSETS
2023
2022
CURRENT LIABILITIES Accounts Payable Accrued Expenses
248,793
37,252 96,242
18,510
Deferred Revenue
618,675 885,978
351,953 485,447
Total Current Liabilities
LONG-TERM LIABILITIES Notes payable NET ASSETS Without donor restrictions With donor restrictions
-
-
2,679,998 2,559,389 5,239,387 6,125,365
2,714,313 258,544
Total net assets
2,972,857 3,458,304
Total liabilities and net assets
2023 ANNUAL REPORT PAGE 30
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