LAKESHORE TECHNICAL COLLEGE FOUNDATION INC
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$4,788,021
Investments
77%
Cash & Equivalents
13%
Receivables (Non-Related)
9%
Inventories
<1%
Related-Party Receivables
0%
Prepaid Expenses
0%
Property, Plant, & Equipment (net)
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$78,437
Notes Payable / Debt (Non-Related)
86%
Payables & Accruals
14%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$653,570
$632,698
-3%
Receivables (Non-Related)
$1,020,492
$448,154
-56%
Related-Party Receivables
-
-
-
Inventories
$5,230
$5,928
+13%
Prepaid Expenses
-
-
-
Investments
$3,224,484
$3,701,241
+15%
Property, Plant, & Equipment (net)
-
-
-
Other Assets
-
-
-
Total Assets
$4,903,776
$4,788,021
-2%
Liabilities
2023
2024
Change
Payables & Accruals
$12,557
$10,629
-15%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$870,000
$67,808
-92%
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$882,557
$78,437
-91%
Net assets
2023
2024
Change
Restricted Net Assets
$3,154,368
$3,776,146
+20%
Unrestricted Net Assets
$866,851
$933,438
+8%
Net assets
2023
2024
Change
Net assets
+$4,021,219
+$4,709,584
+17%
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