LIBRARY OF MICHIGAN FOUNDATION
Balance Sheet
Fiscal Year Start:
Oct 1
Assets in 2024 (Year End)
$2,694,995
Investments
94%
Cash & Equivalents
5%
Other Assets
1%
Receivables (Non-Related)
<1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Property, Plant, & Equipment (net)
0%
Liabilities in 2024 (Year End)
$1,982
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
$119,152
$124,250
+4%
Receivables (Non-Related)
$0
$2,684
-
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$1,283
$1,239
-3%
Investments
$2,088,502
$2,529,454
+21%
Property, Plant, & Equipment (net)
-
-
-
Other Assets
$24,410
$37,368
+53%
Total Assets
$2,233,347
$2,694,995
+21%
Liabilities
2023
2024
Change
Payables & Accruals
$4,962
$1,982
-60%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$4,962
$1,982
-60%
Net assets
2023
2024
Change
Restricted Net Assets
$1,748,930
$1,916,089
+10%
Unrestricted Net Assets
$479,455
$776,924
+62%
Net assets
2023
2024
Change
Net assets
+$2,228,385
+$2,693,013
+21%
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