DETROIT ATHLETIC CLUB FOUNDATION
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$5,937,479
Investments
43%
Property, Plant, & Equipment (net)
42%
Cash & Equivalents
14%
Receivables (Non-Related)
1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$51,955
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
$850,562
$822,879
-3%
Receivables (Non-Related)
$41,684
$59,657
+43%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$15,000
$15,000
+0%
Investments
$2,052,774
$2,566,251
+25%
Property, Plant, & Equipment (net)
$2,488,443
$2,473,692
-1%
Other Assets
-
-
-
Total Assets
$5,448,463
$5,937,479
+9%
Liabilities
2023
2024
Change
Payables & Accruals
$45,955
$51,955
+13%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$45,955
$51,955
+13%
Net assets
2023
2024
Change
Restricted Net Assets
$1,822,211
$2,164,402
+19%
Unrestricted Net Assets
$3,580,297
$3,721,122
+4%
Net assets
2023
2024
Change
Net assets
+$5,402,508
+$5,885,524
+9%
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