Meridian Community College Foundation
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2025 (Year End)
$31,981,411
Investments
91%
Receivables (Non-Related)
6%
Property, Plant, & Equipment (net)
2%
Cash & Equivalents
<1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Other Assets
0%
Liabilities in 2025 (Year End)
$298,736
Payables & Accruals
61%
Deferred Revenue
39%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2024
2025
Change
Cash & Equivalents
$370,506
$315,198
-15%
Receivables (Non-Related)
$2,246,641
$2,012,127
-10%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$103,185
$101,340
-2%
Investments
$25,656,409
$28,988,325
+13%
Property, Plant, & Equipment (net)
$584,706
$564,421
-3%
Other Assets
-
-
-
Total Assets
$28,961,447
$31,981,411
+10%
Liabilities
2024
2025
Change
Payables & Accruals
$35,858
$182,896
+410%
Grants Payable
-
-
-
Deferred Revenue
$71,371
$115,840
+62%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$107,229
$298,736
+179%
Net assets
2024
2025
Change
Restricted Net Assets
$27,029,015
$29,002,058
+7%
Unrestricted Net Assets
$1,825,203
$2,680,617
+47%
Net assets
2024
2025
Change
Net assets
+$28,854,218
+$31,682,675
+10%
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