Greater Grand Rapids Chamber Foundation
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$2,702,247
Other Assets
70%
Cash & Equivalents
30%
Receivables (Non-Related)
<1%
Related-Party Receivables
0%
Inventories
0%
Prepaid Expenses
0%
Investments
0%
Property, Plant, & Equipment (net)
0%
Liabilities in 2024 (Year End)
$2,015,258
Other Liabilities
89%
Payables & Accruals
7%
Deferred Revenue
3%
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
$990,898
$816,812
-18%
Receivables (Non-Related)
$93,250
$60
-100%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
-
-
-
Investments
-
-
-
Property, Plant, & Equipment (net)
-
-
-
Other Assets
$2,474,606
$1,885,375
-24%
Total Assets
$3,558,754
$2,702,247
-24%
Liabilities
2023
2024
Change
Payables & Accruals
$95,926
$147,470
+54%
Grants Payable
-
-
-
Deferred Revenue
$123,738
$67,788
-45%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$2,400,000
$1,800,000
-25%
Total Liabilities
$2,619,664
$2,015,258
-23%
Net assets
2023
2024
Change
Restricted Net Assets
$238,332
$101,619
-57%
Unrestricted Net Assets
$700,758
$585,370
-16%
Net assets
2023
2024
Change
Net assets
+$939,090
+$686,989
-27%
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