VAN ANDEL RESEARCH INSTITUTE
Balance Sheet
Fiscal Year Start:
Dec 1
Assets in 2024 (Year End)
$190,464,759
Property, Plant, & Equipment (net)
86%
Receivables (Non-Related)
8%
Investments
3%
Prepaid Expenses
2%
Cash & Equivalents
<1%
Inventories
<1%
Related-Party Receivables
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$16,145,740
Payables & Accruals
97%
Deferred Revenue
3%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$1,022,317
$458,289
-55%
Receivables (Non-Related)
$18,185,347
$15,374,334
-15%
Related-Party Receivables
-
-
-
Inventories
$335,429
$343,024
+2%
Prepaid Expenses
$2,879,312
$3,104,997
+8%
Investments
$6,450,039
$6,573,224
+2%
Property, Plant, & Equipment (net)
$168,320,709
$164,610,891
-2%
Other Assets
$0
-
-
Total Assets
$197,193,153
$190,464,759
-3%
Liabilities
2023
2024
Change
Payables & Accruals
$15,331,023
$15,676,704
+2%
Grants Payable
-
-
-
Deferred Revenue
$1,490,194
$469,036
-69%
Tax-Exempt Bond Liabilities
$0
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$0
-
-
Total Liabilities
$16,821,217
$16,145,740
-4%
Net assets
2023
2024
Change
Restricted Net Assets
$6,732,164
$6,949,131
+3%
Unrestricted Net Assets
$173,639,772
$167,369,888
-4%
Net assets
2023
2024
Change
Net assets
+$180,371,936
+$174,319,019
-3%
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