MID MICHIGAN COLLEGE FOUNDATION
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$7,107,829
Cash & Equivalents
75%
Investments
25%
Receivables (Non-Related)
0%
Related-Party Receivables
0%
Inventories
0%
Prepaid Expenses
0%
Property, Plant, & Equipment (net)
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$550,715
Other Liabilities
>99%
Payables & Accruals
0%
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
$4,801,888
$5,344,670
+11%
Receivables (Non-Related)
-
-
-
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
-
-
-
Investments
$1,661,744
$1,763,159
+6%
Property, Plant, & Equipment (net)
-
-
-
Other Assets
-
-
-
Total Assets
$6,463,632
$7,107,829
+10%
Liabilities
2023
2024
Change
Payables & Accruals
-
-
-
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$774,579
$550,715
-29%
Total Liabilities
$774,579
$550,715
-29%
Net assets
2023
2024
Change
Restricted Net Assets
$1,972,685
$2,063,707
+5%
Unrestricted Net Assets
$3,716,368
$4,493,407
+21%
Net assets
2023
2024
Change
Net assets
+$5,689,053
+$6,557,114
+15%
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