funder logo

MIDLAND AREA COMMUNITY FOUNDATION

MIDLAND AREA COMMUNITY FOUNDATION

MIDLAND, MI, US
501(c)(3)
EIN
38-2023395
DAF Sponsor
Community Foundation
Regional Funder
funder logo

MIDLAND AREA COMMUNITY FOUNDATION

MIDLAND, MI, US
501(c)(3)
EIN
38-2023395
DAF Sponsor
Community Foundation
Regional Funder

Balance Sheet

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

$138,820,946

Investments
97%
Cash & Equivalents
1%
Property, Plant, & Equipment (net)
<1%
Receivables (Non-Related)
<1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Other Assets
0%
Liabilities in 2024 (Year End)

$5,450,636

Other Liabilities
74%
Payables & Accruals
23%
Grants Payable
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
$2,451,563
$1,748,798
-29%
Receivables (Non-Related)
-
$811,424
-
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$674,731
$221,949
-67%
Investments
$121,664,037
$134,871,821
+11%
Property, Plant, & Equipment (net)
$1,196,968
$1,166,954
-3%
Other Assets
-
-
-
Total Assets
$125,987,299
$138,820,946
+10%
Liabilities
2023
2024
Change
Payables & Accruals
$103,369
$1,274,983
+1133%
Grants Payable
$103,635
$125,195
+21%
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$3,446,478
$4,050,458
+18%
Total Liabilities
$3,653,482
$5,450,636
+49%
Net assets
2023
2024
Change
Restricted Net Assets
$2,146,484
$2,254,083
+5%
Unrestricted Net Assets
$120,187,333
$131,116,227
+9%
Net assets
2023
2024
Change
Net assets
+$122,333,817
+$133,370,310
+9%
Balance Sheet
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