Morgan County Foundation Inc
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$3,370,970
Investments
75%
Property, Plant, & Equipment (net)
19%
Cash & Equivalents
6%
Receivables (Non-Related)
<1%
Inventories
<1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$32,371
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
$533,672
$195,373
-63%
Receivables (Non-Related)
$0
$12,500
-
Related-Party Receivables
$0
$0
-
Inventories
$5,675
$5,676
+0%
Prepaid Expenses
$1,445
$2,600
+80%
Investments
$2,374,414
$2,513,352
+6%
Property, Plant, & Equipment (net)
$531,476
$641,469
+21%
Other Assets
$0
$0
-
Total Assets
$3,446,682
$3,370,970
-2%
Liabilities
2023
2024
Change
Payables & Accruals
$23,337
$32,371
+39%
Grants Payable
$0
$0
-
Deferred Revenue
$0
$0
-
Tax-Exempt Bond Liabilities
$0
$0
-
Custodial & Escrow Liabilities
$0
$0
-
Notes Payable / Debt (Non-Related)
$145,764
$0
-100%
Related-Party Payables
$0
$0
-
Other Liabilities
$0
$0
-
Total Liabilities
$169,101
$32,371
-81%
Net assets
2023
2024
Change
Restricted Net Assets
$1,914,984
$1,998,753
+4%
Unrestricted Net Assets
$1,362,597
$1,339,846
-2%
Net assets
2023
2024
Change
Net assets
+$3,277,581
+$3,338,599
+2%
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