REHABILITATION INSTITUTE OF MICHIGAN FOUNDATION
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$7,768,656
Investments
96%
Cash & Equivalents
4%
Property, Plant, & Equipment (net)
<1%
Other Assets
<1%
Receivables (Non-Related)
<1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$189,090
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
$376,511
$285,666
-24%
Receivables (Non-Related)
$228,666
$1,500
-99%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$5,118
$442
-91%
Investments
$6,989,756
$7,452,755
+7%
Property, Plant, & Equipment (net)
$31,374
$24,356
-22%
Other Assets
$4,056
$3,937
-3%
Total Assets
$7,635,481
$7,768,656
+2%
Liabilities
2023
2024
Change
Payables & Accruals
$108,499
$189,090
+74%
Grants Payable
$48,906
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$157,405
$189,090
+20%
Net assets
2023
2024
Change
Restricted Net Assets
$2,244,592
$2,225,718
-1%
Unrestricted Net Assets
$5,233,484
$5,353,848
+2%
Net assets
2023
2024
Change
Net assets
+$7,478,076
+$7,579,566
+1%
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