Progress Michigan Education Inc
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$1,958,496
Cash & Equivalents
79%
Property, Plant, & Equipment (net)
12%
Other Assets
8%
Receivables (Non-Related)
<1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)
$16,633
Payables & Accruals
>99%
Grants Payable
0%
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
$503,135
$1,551,744
+208%
Receivables (Non-Related)
$5,367
$11,367
+112%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$29,647
$3,207
-89%
Investments
-
-
-
Property, Plant, & Equipment (net)
$249,183
$233,760
-6%
Other Assets
$100,786
$158,418
+57%
Total Assets
$888,118
$1,958,496
+121%
Liabilities
2023
2024
Change
Payables & Accruals
$55,027
$16,633
-70%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$55,027
$16,633
-70%
Net assets
2023
2024
Change
Restricted Net Assets
$74,000
$268,302
+263%
Unrestricted Net Assets
$759,091
$1,673,561
+120%
Net assets
2023
2024
Change
Net assets
+$833,091
+$1,941,863
+133%
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