MICHIGAN STATE BAR FOUNDATION
Balance Sheet
Fiscal Year Start:
Oct 1
Assets in 2024 (Year End)
$40,164,129
Investments
72%
Cash & Equivalents
20%
Receivables (Non-Related)
8%
Other Assets
<1%
Prepaid Expenses
<1%
Property, Plant, & Equipment (net)
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$6,984,764
Other Liabilities
50%
Grants Payable
41%
Deferred Revenue
8%
Payables & Accruals
1%
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
$6,758,620
$7,963,417
+18%
Receivables (Non-Related)
$1,930,088
$3,301,247
+71%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$26,543
$32,328
+22%
Investments
$10,862,421
$28,764,287
+165%
Property, Plant, & Equipment (net)
$12,069
$15,727
+30%
Other Assets
$130,684
$87,123
-33%
Total Assets
$19,720,425
$40,164,129
+104%
Liabilities
2023
2024
Change
Payables & Accruals
$39,763
$73,480
+85%
Grants Payable
$3,262,995
$2,849,200
-13%
Deferred Revenue
$0
$584,298
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$1,383,336
$3,477,786
+151%
Total Liabilities
$4,686,094
$6,984,764
+49%
Net assets
2023
2024
Change
Restricted Net Assets
$13,660,779
$30,939,545
+126%
Unrestricted Net Assets
$1,373,552
$2,239,820
+63%
Net assets
2023
2024
Change
Net assets
+$15,034,331
+$33,179,365
+121%
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