MUSLIM EDUCATION RESOURCE COUNCIL INC
Balance Sheet
Fiscal Year Start:
Aug 1
Assets in 2024 (Year End)
$1,991,560
Cash & Equivalents
80%
Receivables (Non-Related)
9%
Property, Plant, & Equipment (net)
7%
Other Assets
2%
Prepaid Expenses
1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)
$824,609
Deferred Revenue
83%
Payables & Accruals
10%
Other Liabilities
7%
Grants Payable
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
$1,385,642
$1,597,514
+15%
Receivables (Non-Related)
$180,774
$189,075
+5%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$8,601
$23,894
+178%
Investments
-
-
-
Property, Plant, & Equipment (net)
$96,499
$140,318
+45%
Other Assets
$40,759
$40,759
+0%
Total Assets
$1,712,275
$1,991,560
+16%
Liabilities
2023
2024
Change
Payables & Accruals
$15,459
$81,432
+427%
Grants Payable
-
-
-
Deferred Revenue
$549,181
$682,525
+24%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$23,995
$60,652
+153%
Total Liabilities
$588,635
$824,609
+40%
Net assets
2023
2024
Change
Restricted Net Assets
N/A
N/A
N/A
Unrestricted Net Assets
N/A
N/A
N/A
Net assets
2023
2024
Change
Net assets
+$1,123,640
+$1,166,951
+4%
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