MIDLAND COLLEGE FOUNDATION
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$74,104,017
Investments
92%
Cash & Equivalents
7%
Prepaid Expenses
<1%
Receivables (Non-Related)
<1%
Other Assets
<1%
Related-Party Receivables
0%
Inventories
0%
Property, Plant, & Equipment (net)
0%
Liabilities in 2024 (Year End)
$2,532,446
Grants Payable
95%
Payables & Accruals
5%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$3,967,223
$5,346,707
+35%
Receivables (Non-Related)
$2,969,755
$84,333
-97%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$88,665
$104,221
+18%
Investments
$63,819,939
$68,524,584
+7%
Property, Plant, & Equipment (net)
-
-
-
Other Assets
$33,781
$44,172
+31%
Total Assets
$70,879,363
$74,104,017
+5%
Liabilities
2023
2024
Change
Payables & Accruals
$493,951
$119,718
-76%
Grants Payable
$707,555
$2,412,728
+241%
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$1,201,506
$2,532,446
+111%
Net assets
2023
2024
Change
Restricted Net Assets
$57,880,619
$59,975,658
+4%
Unrestricted Net Assets
$11,797,238
$11,595,913
-2%
Net assets
2023
2024
Change
Net assets
+$69,677,857
+$71,571,571
+3%
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