MICHIGAN THEATER FOUNDATION INC
Balance Sheet
Fiscal Year Start:
Oct 1
Assets in 2024 (Year End)
$14,174,079
Property, Plant, & Equipment (net)
65%
Cash & Equivalents
25%
Receivables (Non-Related)
7%
Other Assets
2%
Inventories
<1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Investments
0%
Liabilities in 2024 (Year End)
$1,919,746
Deferred Revenue
63%
Payables & Accruals
22%
Other Liabilities
15%
Grants Payable
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
$4,099,849
$3,518,293
-14%
Receivables (Non-Related)
$1,103,957
$1,044,421
-5%
Related-Party Receivables
-
-
-
Inventories
$86,845
$74,654
-14%
Prepaid Expenses
$74,892
$62,383
-17%
Investments
-
-
-
Property, Plant, & Equipment (net)
$9,547,341
$9,144,098
-4%
Other Assets
$361,119
$330,230
-9%
Total Assets
$15,274,003
$14,174,079
-7%
Liabilities
2023
2024
Change
Payables & Accruals
$343,175
$425,450
+24%
Grants Payable
-
-
-
Deferred Revenue
$1,126,288
$1,204,241
+7%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$316,843
$290,055
-8%
Total Liabilities
$1,786,306
$1,919,746
+7%
Net assets
2023
2024
Change
Restricted Net Assets
$1,020,216
$967,726
-5%
Unrestricted Net Assets
$12,467,481
$11,286,607
-9%
Net assets
2023
2024
Change
Net assets
+$13,487,697
+$12,254,333
-9%
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