DETROIT ECONOMIC GROWTH ASSOCIATION
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2025 (Year End)
$9,973,409
Cash & Equivalents
93%
Receivables (Non-Related)
6%
Prepaid Expenses
<1%
Property, Plant, & Equipment (net)
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Other Assets
0%
Liabilities in 2025 (Year End)
$3,821,160
Deferred Revenue
89%
Payables & Accruals
11%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2024
2025
Change
Cash & Equivalents
$6,155,642
$9,291,508
+51%
Receivables (Non-Related)
$819,063
$603,403
-26%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$12,889
$56,433
+338%
Investments
-
-
-
Property, Plant, & Equipment (net)
$53,188
$22,065
-59%
Other Assets
-
-
-
Total Assets
$7,040,782
$9,973,409
+42%
Liabilities
2024
2025
Change
Payables & Accruals
$907,254
$415,683
-54%
Grants Payable
-
-
-
Deferred Revenue
$1,512,074
$3,405,477
+125%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$2,419,328
$3,821,160
+58%
Net assets
2024
2025
Change
Restricted Net Assets
$4,426,976
$6,011,262
+36%
Unrestricted Net Assets
$194,478
$140,987
-28%
Net assets
2024
2025
Change
Net assets
+$4,621,454
+$6,152,249
+33%
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