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Fremont Area Community Foundation

Fremont Area Community Foundation

Fremont, MI, US
501(c)3
EIN
38-1443367
DAF Sponsor
Community Foundation
Regional Funder
funder logo

Fremont Area Community Foundation

Fremont, MI, US
501(c)3
EIN
38-1443367
DAF Sponsor
Community Foundation
Regional Funder

Balance Sheet

Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)

$306,738,307

Investments
96%
Receivables (Non-Related)
2%
Cash & Equivalents
1%
Property, Plant, & Equipment (net)
<1%
Other Assets
<1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)

$5,239,881

Grants Payable
90%
Payables & Accruals
8%
Other Liabilities
2%
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
$3,142,090
$4,517,616
+44%
Receivables (Non-Related)
$7,809,141
$6,058,247
-22%
Related-Party Receivables
$0
$0
-
Inventories
-
-
-
Prepaid Expenses
$34,644
$61,343
+77%
Investments
$256,872,887
$295,038,920
+15%
Property, Plant, & Equipment (net)
$1,008,967
$933,896
-7%
Other Assets
$116,169
$128,285
+10%
Total Assets
$268,983,898
$306,738,307
+14%
Liabilities
2023
2024
Change
Payables & Accruals
$590,933
$422,434
-29%
Grants Payable
$4,245,787
$4,702,058
+11%
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
$0
$0
-
Other Liabilities
$147,130
$115,389
-22%
Total Liabilities
$4,983,850
$5,239,881
+5%
Net assets
2023
2024
Change
Restricted Net Assets
N/A
N/A
N/A
Unrestricted Net Assets
N/A
N/A
N/A
Net assets
2023
2024
Change
Net assets
+$264,000,048
+$301,498,426
+14%
Balance Sheet
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