MEMPHIS EDUCATION FUND INC
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$3,781,085
Cash & Equivalents
74%
Other Assets
11%
Property, Plant, & Equipment (net)
11%
Receivables (Non-Related)
4%
Related-Party Receivables
0%
Inventories
0%
Prepaid Expenses
0%
Investments
0%
Liabilities in 2024 (Year End)
$2,186,644
Grants Payable
67%
Other Liabilities
33%
Payables & Accruals
0%
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
$1,413,947
$2,812,010
+99%
Receivables (Non-Related)
$172,177
$150,749
-12%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$75,000
-
-
Investments
-
-
-
Property, Plant, & Equipment (net)
$582,956
$399,164
-32%
Other Assets
-
$419,162
-
Total Assets
$2,244,080
$3,781,085
+68%
Liabilities
2023
2024
Change
Payables & Accruals
$46,000
-
-
Grants Payable
-
$1,470,014
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$325,904
$716,630
+120%
Total Liabilities
$371,904
$2,186,644
+488%
Net assets
2023
2024
Change
Restricted Net Assets
$1,872,176
$2,213,688
+18%
Unrestricted Net Assets
$0
-$619,247
-
Net assets
2023
2024
Change
Net assets
+$1,872,176
+$1,594,441
-15%
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