MEMPHIS LEADERSHIP FOUNDATION INC
Balance Sheet
Fiscal Year Start:
Oct 1
Assets in 2024 (Year End)
$1,032,757
Receivables (Non-Related)
34%
Cash & Equivalents
33%
Other Assets
20%
Prepaid Expenses
13%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Property, Plant, & Equipment (net)
0%
Liabilities in 2024 (Year End)
$494,924
Other Liabilities
56%
Notes Payable / Debt (Non-Related)
29%
Payables & Accruals
15%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$1,185,430
$345,569
-71%
Receivables (Non-Related)
$595,908
$353,364
-41%
Related-Party Receivables
-
-
-
Inventories
$0
-
-
Prepaid Expenses
$172,120
$129,946
-25%
Investments
-
-
-
Property, Plant, & Equipment (net)
$47,315
$0
-100%
Other Assets
$269,692
$203,878
-24%
Total Assets
$2,270,465
$1,032,757
-55%
Liabilities
2023
2024
Change
Payables & Accruals
$422,413
$73,551
-83%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$128,589
$145,400
+13%
Related-Party Payables
-
-
-
Other Liabilities
$447,396
$275,973
-38%
Total Liabilities
$998,398
$494,924
-50%
Net assets
2023
2024
Change
Restricted Net Assets
$275,389
$218,241
-21%
Unrestricted Net Assets
$996,678
$319,592
-68%
Net assets
2023
2024
Change
Net assets
+$1,272,067
+$537,833
-58%
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