MARYLAND LEGAL SERVICES CORPORATION
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$58,005,168
Investments
43%
Other Assets
37%
Receivables (Non-Related)
12%
Cash & Equivalents
8%
Prepaid Expenses
<1%
Property, Plant, & Equipment (net)
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$14,986,850
Deferred Revenue
81%
Payables & Accruals
18%
Other Liabilities
<1%
Notes Payable / Debt (Non-Related)
<1%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$6,685,696
$4,862,283
-27%
Receivables (Non-Related)
$9,497,165
$6,712,125
-29%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$17,212
$86,174
+401%
Investments
$17,285,186
$24,706,788
+43%
Property, Plant, & Equipment (net)
$35,153
$12,157
-65%
Other Assets
$896,470
$21,625,641
+2312%
Total Assets
$34,416,882
$58,005,168
+69%
Liabilities
2023
2024
Change
Payables & Accruals
$2,324,173
$2,713,080
+17%
Grants Payable
-
-
-
Deferred Revenue
$10,145,781
$12,101,568
+19%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$103,700
$65,070
-37%
Related-Party Payables
-
-
-
Other Liabilities
$129,500
$107,132
-17%
Total Liabilities
$12,703,154
$14,986,850
+18%
Net assets
2023
2024
Change
Restricted Net Assets
$1,568,823
$1,568,823
+0%
Unrestricted Net Assets
$20,144,905
$41,449,495
+106%
Net assets
2023
2024
Change
Net assets
+$21,713,728
+$43,018,318
+98%
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