NORTHWESTERN MICHIGAN COLLEGE FOUNDATION
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$64,985,273
Investments
92%
Cash & Equivalents
5%
Receivables (Non-Related)
2%
Other Assets
1%
Related-Party Receivables
0%
Inventories
0%
Prepaid Expenses
0%
Property, Plant, & Equipment (net)
0%
Liabilities in 2024 (Year End)
$2,372,769
Other Liabilities
96%
Payables & Accruals
4%
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
$11,751,823
$3,278,274
-72%
Receivables (Non-Related)
$1,875,494
$1,539,642
-18%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$350
$0
-100%
Investments
$45,119,826
$59,500,269
+32%
Property, Plant, & Equipment (net)
-
-
-
Other Assets
$629,841
$667,088
+6%
Total Assets
$59,377,334
$64,985,273
+9%
Liabilities
2023
2024
Change
Payables & Accruals
$55,647
$100,425
+80%
Grants Payable
-
-
-
Deferred Revenue
$453
$0
-100%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$1,793,131
$2,272,344
+27%
Total Liabilities
$1,849,231
$2,372,769
+28%
Net assets
2023
2024
Change
Restricted Net Assets
N/A
N/A
N/A
Unrestricted Net Assets
N/A
N/A
N/A
Net assets
2023
2024
Change
Net assets
+$57,528,103
+$62,612,504
+9%
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