Maine Technology Institute
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$29,202,613
Cash & Equivalents
57%
Receivables (Non-Related)
26%
Investments
16%
Other Assets
<1%
Prepaid Expenses
<1%
Property, Plant, & Equipment (net)
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$26,130,696
Deferred Revenue
98%
Payables & Accruals
<1%
Other Liabilities
<1%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$10,708,403
$16,695,364
+56%
Receivables (Non-Related)
$7,121,172
$7,575,398
+6%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$163,759
$169,872
+4%
Investments
$4,009,600
$4,557,443
+14%
Property, Plant, & Equipment (net)
$29,950
$21,004
-30%
Other Assets
$267,621
$183,532
-31%
Total Assets
$22,300,505
$29,202,613
+31%
Liabilities
2023
2024
Change
Payables & Accruals
$190,203
$219,149
+15%
Grants Payable
-
-
-
Deferred Revenue
$19,277,177
$25,722,429
+33%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$269,663
$189,118
-30%
Total Liabilities
$19,737,043
$26,130,696
+32%
Net assets
2023
2024
Change
Restricted Net Assets
-
-
-
Unrestricted Net Assets
$2,563,462
$3,071,917
+20%
Net assets
2023
2024
Change
Net assets
+$2,563,462
+$3,071,917
+20%
Copyright 2026. All rights reserved to Chario Inc. (d.b.a. Impala)