MASSACHUSETTS GOLF ASSOCIATION INC
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$17,632,721
Investments
64%
Property, Plant, & Equipment (net)
28%
Cash & Equivalents
6%
Receivables (Non-Related)
1%
Other Assets
<1%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$672,658
Payables & Accruals
80%
Other Liabilities
13%
Deferred Revenue
7%
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
$2,834,959
$980,956
-65%
Receivables (Non-Related)
$239,816
$208,609
-13%
Related-Party Receivables
-
-
-
Inventories
$12,020
$42,452
+253%
Prepaid Expenses
$99,666
$74,885
-25%
Investments
$7,958,396
$11,325,667
+42%
Property, Plant, & Equipment (net)
$5,214,442
$4,922,778
-6%
Other Assets
$83,952
$77,374
-8%
Total Assets
$16,443,251
$17,632,721
+7%
Liabilities
2023
2024
Change
Payables & Accruals
$433,590
$540,731
+25%
Grants Payable
-
-
-
Deferred Revenue
$53,525
$47,305
-12%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$114,266
$84,622
-26%
Total Liabilities
$601,381
$672,658
+12%
Net assets
2023
2024
Change
Restricted Net Assets
$270,794
$258,000
-5%
Unrestricted Net Assets
$15,571,076
$16,702,063
+7%
Net assets
2023
2024
Change
Net assets
+$15,841,870
+$16,960,063
+7%
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