MICHIGAN HUMANITIES COUNCIL
Balance Sheet
Fiscal Year Start:
Nov 1
Assets in 2025 (Year End)
$1,123,245
Cash & Equivalents
98%
Prepaid Expenses
2%
Receivables (Non-Related)
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Property, Plant, & Equipment (net)
0%
Other Assets
0%
Liabilities in 2025 (Year End)
$28,064
Payables & Accruals
>99%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2024
2025
Change
Cash & Equivalents
$541,594
$1,096,127
+102%
Receivables (Non-Related)
$886,058
$5,580
-99%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$32,688
$21,538
-34%
Investments
-
-
-
Property, Plant, & Equipment (net)
-
-
-
Other Assets
$264,226
$0
-100%
Total Assets
$1,724,566
$1,123,245
-35%
Liabilities
2024
2025
Change
Payables & Accruals
$55,766
$28,064
-50%
Grants Payable
$2,996
$0
-100%
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$258,647
$0
-100%
Total Liabilities
$317,409
$28,064
-91%
Net assets
2024
2025
Change
Restricted Net Assets
$997,905
$658,464
-34%
Unrestricted Net Assets
$409,252
$436,717
+7%
Net assets
2024
2025
Change
Net assets
+$1,407,157
+$1,095,181
-22%
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