MAG INSTITUTE FOR EXCELLENCE IN MEDICINE INC
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$522,241
Cash & Equivalents
92%
Receivables (Non-Related)
8%
Related-Party Receivables
0%
Inventories
0%
Prepaid Expenses
0%
Investments
0%
Property, Plant, & Equipment (net)
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$58,980
Payables & Accruals
97%
Other Liabilities
3%
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%
Assets
2023
2024
Change
Cash & Equivalents
$435,504
$479,129
+10%
Receivables (Non-Related)
$42,507
$43,112
+1%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
-
-
-
Investments
-
-
-
Property, Plant, & Equipment (net)
-
-
-
Other Assets
-
-
-
Total Assets
$478,011
$522,241
+9%
Liabilities
2023
2024
Change
Payables & Accruals
$18,976
$57,264
+202%
Grants Payable
-
-
-
Deferred Revenue
$50,000
$0
-100%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
$1,716
-
Total Liabilities
$68,976
$58,980
-14%
Net assets
2023
2024
Change
Restricted Net Assets
$329,513
$376,960
+14%
Unrestricted Net Assets
$79,522
$86,301
+9%
Net assets
2023
2024
Change
Net assets
+$409,035
+$463,261
+13%
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