IMMIGRANT LAW CENTER OF MINNESOTA INC
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$3,445,340
Cash & Equivalents
70%
Receivables (Non-Related)
22%
Other Assets
6%
Property, Plant, & Equipment (net)
1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)
$673,124
Payables & Accruals
39%
Other Liabilities
34%
Notes Payable / Debt (Non-Related)
22%
Deferred Revenue
5%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$2,235,145
$2,403,495
+8%
Receivables (Non-Related)
$474,083
$760,467
+60%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$12,326
$13,695
+11%
Investments
-
-
-
Property, Plant, & Equipment (net)
$74,116
$49,605
-33%
Other Assets
$105,135
$218,078
+107%
Total Assets
$2,900,805
$3,445,340
+19%
Liabilities
2023
2024
Change
Payables & Accruals
$57,467
$264,197
+360%
Grants Payable
-
-
-
Deferred Revenue
$19,000
$34,083
+79%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$227,672
$146,267
-36%
Related-Party Payables
-
-
-
Other Liabilities
$122,583
$228,577
+86%
Total Liabilities
$426,722
$673,124
+58%
Net assets
2023
2024
Change
Restricted Net Assets
$242,287
$304,634
+26%
Unrestricted Net Assets
$2,231,796
$2,467,582
+11%
Net assets
2023
2024
Change
Net assets
+$2,474,083
+$2,772,216
+12%
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