MCKINNEY EDUCATION FOUNDATION
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$14,250,175
Investments
94%
Cash & Equivalents
5%
Prepaid Expenses
<1%
Receivables (Non-Related)
<1%
Property, Plant, & Equipment (net)
<1%
Related-Party Receivables
0%
Inventories
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$2,417,347
Payables & Accruals
89%
Other Liabilities
6%
Deferred Revenue
5%
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
$353,592
$697,105
+97%
Receivables (Non-Related)
$92,975
$39,154
-58%
Related-Party Receivables
$0
$0
-
Inventories
$0
$0
-
Prepaid Expenses
$27,106
$48,601
+79%
Investments
$12,201,492
$13,454,111
+10%
Property, Plant, & Equipment (net)
$8,593
$11,204
+30%
Other Assets
$0
$0
-
Total Assets
$12,683,758
$14,250,175
+12%
Liabilities
2023
2024
Change
Payables & Accruals
$1,028,888
$2,141,371
+108%
Grants Payable
$1,941
-
-
Deferred Revenue
-
$125,684
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$386,126
$150,292
-61%
Total Liabilities
$1,416,955
$2,417,347
+71%
Net assets
2023
2024
Change
Restricted Net Assets
$9,942,527
$11,328,221
+14%
Unrestricted Net Assets
$1,324,276
$504,607
-62%
Net assets
2023
2024
Change
Net assets
+$11,266,803
+$11,832,828
+5%
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