FOUNDATION OF WAYNE COMMUNITY COLLEGE
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$13,103,224
Investments
67%
Cash & Equivalents
27%
Receivables (Non-Related)
5%
Property, Plant, & Equipment (net)
2%
Other Assets
<1%
Related-Party Receivables
0%
Inventories
0%
Prepaid Expenses
0%
Liabilities in 2024 (Year End)
$34,397
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
$1,815,968
$3,508,811
+93%
Receivables (Non-Related)
$802,282
$672,876
-16%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
-
-
-
Investments
$8,314,702
$8,722,443
+5%
Property, Plant, & Equipment (net)
$207,861
$198,094
-5%
Other Assets
$1,000
$1,000
+0%
Total Assets
$11,141,813
$13,103,224
+18%
Liabilities
2023
2024
Change
Payables & Accruals
$44,695
$34,397
-23%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$44,695
$34,397
-23%
Net assets
2023
2024
Change
Restricted Net Assets
$8,504,167
$10,220,564
+20%
Unrestricted Net Assets
$2,592,951
$2,848,263
+10%
Net assets
2023
2024
Change
Net assets
+$11,097,118
+$13,068,827
+18%
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