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MICHIGAN HEALTH ENDOWMENT FUND

MICHIGAN HEALTH ENDOWMENT FUND

Brighton, MI, US
501(c)3
EIN
46-5054207
Fund Raising & Fund Distribution
Regional Funder
funder logo

MICHIGAN HEALTH ENDOWMENT FUND

Brighton, MI, US
501(c)3
EIN
46-5054207
Fund Raising & Fund Distribution
Regional Funder

Balance Sheet

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

$589,079,701

Investments
97%
Cash & Equivalents
2%
Other Assets
<1%
Receivables (Non-Related)
<1%
Property, Plant, & Equipment (net)
<1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)

$23,962,476

Grants Payable
88%
Other Liabilities
10%
Payables & Accruals
2%
Deferred Revenue
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
$19,335,664
$12,543,237
-35%
Receivables (Non-Related)
-
$1,108,709
-
Related-Party Receivables
-
$0
-
Inventories
-
-
-
Prepaid Expenses
$95,967
$96,158
+0%
Investments
$456,723,616
$572,914,738
+25%
Property, Plant, & Equipment (net)
$280,496
$229,049
-18%
Other Assets
$3,259,453
$2,187,810
-33%
Total Assets
$479,695,196
$589,079,701
+23%
Liabilities
2023
2024
Change
Payables & Accruals
$380,459
$569,635
+50%
Grants Payable
$17,796,924
$21,064,647
+18%
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
$0
-
Other Liabilities
$2,724,254
$2,328,194
-15%
Total Liabilities
$20,901,637
$23,962,476
+15%
Net assets
2023
2024
Change
Restricted Net Assets
$246,200,000
$286,200,000
+16%
Unrestricted Net Assets
$212,593,559
$278,917,225
+31%
Net assets
2023
2024
Change
Net assets
+$458,793,559
+$565,117,225
+23%
Balance Sheet
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