DETROIT INSTITUTE FOR CHILDREN
Balance Sheet
Fiscal Year Start:
Sep 1
Assets in 2024 (Year End)
$1,563,291
Investments
66%
Receivables (Non-Related)
20%
Cash & Equivalents
10%
Prepaid Expenses
2%
Other Assets
1%
Property, Plant, & Equipment (net)
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$344,654
Notes Payable / Debt (Non-Related)
61%
Payables & Accruals
39%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$556,593
$152,433
-73%
Receivables (Non-Related)
$284,009
$317,587
+12%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$42,181
$37,514
-11%
Investments
$893,506
$1,029,449
+15%
Property, Plant, & Equipment (net)
$53,781
$5,845
-89%
Other Assets
$177,984
$20,463
-89%
Total Assets
$2,008,054
$1,563,291
-22%
Liabilities
2023
2024
Change
Payables & Accruals
$126,570
$133,475
+5%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$44,217
$211,179
+378%
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$170,787
$344,654
+102%
Net assets
2023
2024
Change
Restricted Net Assets
$343,422
$10,000
-97%
Unrestricted Net Assets
$1,493,845
$1,208,637
-19%
Net assets
2023
2024
Change
Net assets
+$1,837,267
+$1,218,637
-34%
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