MINNEAPOLIS HEART INSTITUTE FOUNDATION
MINNEAPOLIS HEART INSTITUTE FOUNDATION
MINNEAPOLIS HEART INSTITUTE FOUNDATION
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$74,457,179
Investments
49%
Cash & Equivalents
24%
Receivables (Non-Related)
13%
Other Assets
10%
Property, Plant, & Equipment (net)
3%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$10,608,958
Other Liabilities
71%
Payables & Accruals
28%
Deferred Revenue
<1%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$13,400,148
$17,727,537
+32%
Receivables (Non-Related)
$10,516,238
$9,736,251
-7%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$342,669
$348,520
+2%
Investments
$32,544,584
$36,718,310
+13%
Property, Plant, & Equipment (net)
$1,785,468
$2,371,612
+33%
Other Assets
$8,142,390
$7,554,949
-7%
Total Assets
$66,731,497
$74,457,179
+12%
Liabilities
2023
2024
Change
Payables & Accruals
$2,214,429
$2,943,361
+33%
Grants Payable
-
-
-
Deferred Revenue
$87,661
$90,760
+4%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$8,094,356
$7,574,837
-6%
Total Liabilities
$10,396,446
$10,608,958
+2%
Net assets
2023
2024
Change
Restricted Net Assets
$43,639,473
$50,260,267
+15%
Unrestricted Net Assets
$12,695,578
$13,587,954
+7%
Net assets
2023
2024
Change
Net assets
+$56,335,051
+$63,848,221
+13%
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