funder logo

Mankato Area Foundation

Mankato Area Foundation

Mankato, MN, US
501(c)3
EIN
41-0011094
DAF Sponsor
Community Foundation
Regional Funder
funder logo

Mankato Area Foundation

Mankato, MN, US
501(c)3
EIN
41-0011094
DAF Sponsor
Community Foundation
Regional Funder

Balance Sheet

Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)

$34,424,338

Investments
88%
Property, Plant, & Equipment (net)
8%
Cash & Equivalents
4%
Receivables (Non-Related)
<1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Other Assets
0%
Liabilities in 2024 (Year End)

$4,537,493

Custodial & Escrow Liabilities
98%
Payables & Accruals
1%
Grants Payable
<1%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$787,905
$1,298,245
+65%
Receivables (Non-Related)
$33,967
$31,544
-7%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$5,516
$13,848
+151%
Investments
$26,280,533
$30,187,929
+15%
Property, Plant, & Equipment (net)
$2,699,289
$2,892,772
+7%
Other Assets
$218,738
$0
-100%
Total Assets
$30,025,948
$34,424,338
+15%
Liabilities
2023
2024
Change
Payables & Accruals
$60,690
$55,998
-8%
Grants Payable
$41,925
$26,900
-36%
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
$3,984,385
$4,454,595
+12%
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$4,087,000
$4,537,493
+11%
Net assets
2023
2024
Change
Restricted Net Assets
$2,605,038
$2,352,772
-10%
Unrestricted Net Assets
$23,333,910
$27,534,073
+18%
Net assets
2023
2024
Change
Net assets
+$25,938,948
+$29,886,845
+15%
Balance Sheet
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