MONTCALM COMMUNITY COLLEGE FOUNDATION
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$27,978,563
Investments
96%
Receivables (Non-Related)
2%
Cash & Equivalents
1%
Related-Party Receivables
0%
Inventories
0%
Prepaid Expenses
0%
Property, Plant, & Equipment (net)
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$11,869
Payables & Accruals
>99%
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%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$536,476
$407,049
-24%
Receivables (Non-Related)
$1,399,259
$614,950
-56%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
-
-
-
Investments
$23,857,760
$26,956,564
+13%
Property, Plant, & Equipment (net)
-
-
-
Other Assets
-
-
-
Total Assets
$25,793,495
$27,978,563
+8%
Liabilities
2023
2024
Change
Payables & Accruals
$5,393
$11,869
+120%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$5,393
$11,869
+120%
Net assets
2023
2024
Change
Restricted Net Assets
$17,112,108
$18,588,956
+9%
Unrestricted Net Assets
$8,675,994
$9,377,738
+8%
Net assets
2023
2024
Change
Net assets
+$25,788,102
+$27,966,694
+8%
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