MIDDLE GEORGIA STATE UNIVERSITY FOUNDATION INC
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$27,828,053
Investments
83%
Cash & Equivalents
9%
Receivables (Non-Related)
7%
Property, Plant, & Equipment (net)
<1%
Other Assets
<1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$668,834
Grants Payable
39%
Payables & Accruals
37%
Other Liabilities
24%
Deferred Revenue
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
$1,624,360
$2,470,948
+52%
Receivables (Non-Related)
$3,460,133
$2,018,957
-42%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$20,249
$20,511
+1%
Investments
$19,597,572
$23,049,952
+18%
Property, Plant, & Equipment (net)
$182,799
$182,799
+0%
Other Assets
$83,722
$84,886
+1%
Total Assets
$24,968,835
$27,828,053
+11%
Liabilities
2023
2024
Change
Payables & Accruals
$198,152
$247,765
+25%
Grants Payable
$150,862
$263,865
+75%
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$150,587
$157,204
+4%
Total Liabilities
$499,601
$668,834
+34%
Net assets
2023
2024
Change
Restricted Net Assets
$23,297,093
$25,688,493
+10%
Unrestricted Net Assets
$1,172,141
$1,470,726
+25%
Net assets
2023
2024
Change
Net assets
+$24,469,234
+$27,159,219
+11%
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