MICHIGAN SCHOOL OF PSYCHOLOGY
Balance Sheet
Fiscal Year Start:
Sep 1
Assets in 2024 (Year End)
$11,936,384
Property, Plant, & Equipment (net)
43%
Investments
28%
Cash & Equivalents
26%
Other Assets
1%
Prepaid Expenses
1%
Receivables (Non-Related)
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$3,030,314
Notes Payable / Debt (Non-Related)
81%
Deferred Revenue
11%
Payables & Accruals
8%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$2,853,957
$3,116,646
+9%
Receivables (Non-Related)
$47,707
$45,704
-4%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$212,728
$137,032
-36%
Investments
$2,833,195
$3,290,679
+16%
Property, Plant, & Equipment (net)
$5,375,177
$5,192,055
-3%
Other Assets
$246,289
$154,268
-37%
Total Assets
$11,569,053
$11,936,384
+3%
Liabilities
2023
2024
Change
Payables & Accruals
$151,018
$250,021
+66%
Grants Payable
-
-
-
Deferred Revenue
$270,387
$328,525
+22%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$2,548,521
$2,451,768
-4%
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$2,969,926
$3,030,314
+2%
Net assets
2023
2024
Change
Restricted Net Assets
$53,739
$51,304
-5%
Unrestricted Net Assets
$8,545,388
$8,854,766
+4%
Net assets
2023
2024
Change
Net assets
+$8,599,127
+$8,906,070
+4%
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