Michigan Tech Fund
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$238,523,751
Investments
82%
Receivables (Non-Related)
9%
Cash & Equivalents
5%
Other Assets
4%
Related-Party Receivables
0%
Inventories
0%
Prepaid Expenses
0%
Property, Plant, & Equipment (net)
0%
Liabilities in 2024 (Year End)
$16,928,381
Other Liabilities
98%
Payables & Accruals
2%
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%
Assets
2023
2024
Change
Cash & Equivalents
$11,843,885
$11,415,888
-4%
Receivables (Non-Related)
$19,227,172
$21,529,650
+12%
Related-Party Receivables
$0
$0
-
Inventories
-
-
-
Prepaid Expenses
-
-
-
Investments
$182,136,018
$196,297,931
+8%
Property, Plant, & Equipment (net)
$0
$0
-
Other Assets
$9,016,291
$9,280,282
+3%
Total Assets
$222,223,366
$238,523,751
+7%
Liabilities
2023
2024
Change
Payables & Accruals
$18,721
$272,097
+1353%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
$0
$0
-
Other Liabilities
$16,284,028
$16,656,284
+2%
Total Liabilities
$16,302,749
$16,928,381
+4%
Net assets
2023
2024
Change
Restricted Net Assets
-
$210,893,614
-
Unrestricted Net Assets
-
$10,701,756
-
Net assets
2023
2024
Change
Net assets
+$205,920,617
+$221,595,370
+8%
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