MICHIGAN EDUCATION ASSOCIATIONPub 78
Pub 78
Balance Sheet
Fiscal Year Start:
Sep 1
Assets in 2024 (Year End)
$107,101,710
Cash & Equivalents
46%
Investments
28%
Other Assets
17%
Property, Plant, & Equipment (net)
6%
Receivables (Non-Related)
2%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$48,878,914
Other Liabilities
64%
Deferred Revenue
19%
Payables & Accruals
17%
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
$49,019,276
$49,733,419
+1%
Receivables (Non-Related)
$1,838,338
$2,230,304
+21%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$927,086
$814,468
-12%
Investments
$25,477,892
$29,582,528
+16%
Property, Plant, & Equipment (net)
$6,609,535
$6,672,404
+1%
Other Assets
$11,997,706
$18,068,587
+51%
Total Assets
$95,869,833
$107,101,710
+12%
Liabilities
2023
2024
Change
Payables & Accruals
$7,800,048
$8,311,443
+7%
Grants Payable
-
-
-
Deferred Revenue
$9,782,576
$9,421,762
-4%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$39,777,995
$31,145,709
-22%
Total Liabilities
$57,360,619
$48,878,914
-15%
Net assets
2023
2024
Change
Restricted Net Assets
$65,902
$66,565
+1%
Unrestricted Net Assets
$38,443,312
$58,156,231
+51%
Net assets
2023
2024
Change
Net assets
+$38,509,214
+$58,222,796
+51%
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