LAKE AREA TECHNICAL COLLEGE FOUNDATION
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2025 (Year End)
$11,362,110
Investments
60%
Cash & Equivalents
21%
Receivables (Non-Related)
15%
Other Assets
4%
Related-Party Receivables
0%
Inventories
0%
Prepaid Expenses
0%
Property, Plant, & Equipment (net)
0%
Liabilities in 2025 (Year End)
$448,007
Other Liabilities
51%
Payables & Accruals
49%
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
2024
2025
Change
Cash & Equivalents
$1,772,571
$2,390,956
+35%
Receivables (Non-Related)
$2,578,611
$1,742,733
-32%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
-
-
-
Investments
$8,431,454
$6,793,256
-19%
Property, Plant, & Equipment (net)
-
-
-
Other Assets
$477,081
$435,165
-9%
Total Assets
$13,259,717
$11,362,110
-14%
Liabilities
2024
2025
Change
Payables & Accruals
$398,465
$221,715
-44%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$223,099
$226,292
+1%
Total Liabilities
$621,564
$448,007
-28%
Net assets
2024
2025
Change
Restricted Net Assets
$11,440,208
$9,855,470
-14%
Unrestricted Net Assets
$1,197,945
$1,058,633
-12%
Net assets
2024
2025
Change
Net assets
+$12,638,153
+$10,914,103
-14%
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