DETROIT ECONOMIC GROWTH ASSOCIATION
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$7,040,782
Cash & Equivalents
87%
Receivables (Non-Related)
12%
Property, Plant, & Equipment (net)
<1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$2,419,328
Deferred Revenue
62%
Payables & Accruals
38%
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
2023
2024
Change
Cash & Equivalents
$6,376,339
$6,155,642
-3%
Receivables (Non-Related)
$237,725
$819,063
+245%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$22,500
$12,889
-43%
Investments
-
-
-
Property, Plant, & Equipment (net)
$85,100
$53,188
-37%
Other Assets
-
-
-
Total Assets
$6,721,664
$7,040,782
+5%
Liabilities
2023
2024
Change
Payables & Accruals
$603,002
$907,254
+50%
Grants Payable
-
-
-
Deferred Revenue
-
$1,512,074
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$603,002
$2,419,328
+301%
Net assets
2023
2024
Change
Restricted Net Assets
$5,612,249
$4,426,976
-21%
Unrestricted Net Assets
$506,413
$194,478
-62%
Net assets
2023
2024
Change
Net assets
+$6,118,662
+$4,621,454
-24%
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