CENTRAL LAKES COLLEGE FOUNDATION
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2025 (Year End)
$15,698,314
Investments
80%
Property, Plant, & Equipment (net)
15%
Cash & Equivalents
4%
Receivables (Non-Related)
<1%
Other Assets
<1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2025 (Year End)
$1,192,152
Notes Payable / Debt (Non-Related)
92%
Deferred Revenue
4%
Other Liabilities
3%
Payables & Accruals
2%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2024
2025
Change
Cash & Equivalents
$639,281
$682,716
+7%
Receivables (Non-Related)
$38,542
$64,645
+68%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$20,585
$22,697
+10%
Investments
$11,245,585
$12,522,797
+11%
Property, Plant, & Equipment (net)
$2,420,346
$2,369,117
-2%
Other Assets
$39,192
$36,342
-7%
Total Assets
$14,403,531
$15,698,314
+9%
Liabilities
2024
2025
Change
Payables & Accruals
$34,305
$21,654
-37%
Grants Payable
-
-
-
Deferred Revenue
$255,050
$42,728
-83%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$1,169,612
$1,091,429
-7%
Related-Party Payables
-
-
-
Other Liabilities
$38,416
$36,341
-5%
Total Liabilities
$1,497,383
$1,192,152
-20%
Net assets
2024
2025
Change
Restricted Net Assets
$11,421,999
$12,808,819
+12%
Unrestricted Net Assets
$1,484,149
$1,697,343
+14%
Net assets
2024
2025
Change
Net assets
+$12,906,148
+$14,506,162
+12%
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