MELMAC EDUCATION FOUNDATION
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$38,692,129
Investments
98%
Cash & Equivalents
2%
Prepaid Expenses
<1%
Receivables (Non-Related)
0%
Related-Party Receivables
0%
Inventories
0%
Property, Plant, & Equipment (net)
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$316,284
Grants Payable
44%
Other Liabilities
37%
Payables & Accruals
19%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Tax-Exempt Bond Liabilities
N/A
Custodial & Escrow Liabilities
N/A
Assets
2023
2024
Change
Cash & Equivalents
$1,891,741
$822,345
-57%
Receivables (Non-Related)
-
-
-
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$23,111
$17,287
-25%
Investments
$37,241,535
$37,852,497
+2%
Property, Plant, & Equipment (net)
-
-
-
Other Assets
$5,820,796
$0
-100%
Total Assets
$44,977,183
$38,692,129
-14%
Liabilities
2023
2024
Change
Payables & Accruals
$84,524
$59,357
-30%
Grants Payable
$243,705
$139,321
-43%
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
N/A
N/A
N/A
Custodial & Escrow Liabilities
N/A
N/A
N/A
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$82,940
$117,606
+42%
Total Liabilities
$411,169
$316,284
-23%
Net assets
2023
2024
Change
Restricted Net Assets
-
-
-
Unrestricted Net Assets
$44,566,014
$38,375,845
-14%
Net assets
2023
2024
Change
Net assets
+$44,566,014
+$38,375,845
-14%
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