MICHIGAN CREDIT UNION FOUNDATION
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$1,366,786
Cash & Equivalents
62%
Investments
37%
Other Assets
2%
Receivables (Non-Related)
0%
Related-Party Receivables
0%
Inventories
0%
Prepaid Expenses
0%
Property, Plant, & Equipment (net)
0%
Liabilities in 2024 (Year End)
$8,363
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
$692,881
$844,232
+22%
Receivables (Non-Related)
-
-
-
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
-
-
-
Investments
$500,000
$500,000
+0%
Property, Plant, & Equipment (net)
-
-
-
Other Assets
$91,169
$22,554
-75%
Total Assets
$1,284,050
$1,366,786
+6%
Liabilities
2023
2024
Change
Payables & Accruals
$10,235
$8,363
-18%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$10,235
$8,363
-18%
Net assets
2023
2024
Change
Restricted Net Assets
$175,772
$101,297
-42%
Unrestricted Net Assets
$1,098,043
$1,257,126
+14%
Net assets
2023
2024
Change
Net assets
+$1,273,815
+$1,358,423
+7%
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