Spitzer-Magis Center FKA Magis Institute
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$1,029,288
Cash & Equivalents
64%
Prepaid Expenses
30%
Inventories
5%
Receivables (Non-Related)
<1%
Related-Party Receivables
0%
Investments
0%
Property, Plant, & Equipment (net)
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$90,969
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
2023
2024
Change
Cash & Equivalents
$893,873
$662,725
-26%
Receivables (Non-Related)
-
$6,289
-
Related-Party Receivables
-
$0
-
Inventories
$31,330
$56,074
+79%
Prepaid Expenses
-
$304,200
-
Investments
-
$0
-
Property, Plant, & Equipment (net)
$0
$0
-
Other Assets
$385,600
$0
-100%
Total Assets
$1,310,803
$1,029,288
-21%
Liabilities
2023
2024
Change
Payables & Accruals
-
$90,969
-
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$0
$90,969
-
Net assets
2023
2024
Change
Restricted Net Assets
-
$5,401
-
Unrestricted Net Assets
-
$932,918
-
Net assets
2023
2024
Change
Net assets
+$1,310,803
+$938,319
-28%
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