FLAGSTAR FOUNDATION INC
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$18,995,161
Investments
86%
Cash & Equivalents
14%
Receivables (Non-Related)
0%
Related-Party Receivables
0%
Inventories
0%
Prepaid Expenses
0%
Property, Plant, & Equipment (net)
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$907,500
Grants Payable
>99%
Payables & Accruals
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%
Tax-Exempt Bond Liabilities
N/A
Custodial & Escrow Liabilities
N/A
Assets
2023
2024
Change
Cash & Equivalents
$290,977
$2,598,779
+793%
Receivables (Non-Related)
-
-
-
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
-
-
-
Investments
$21,125,034
$16,396,382
-22%
Property, Plant, & Equipment (net)
-
-
-
Other Assets
-
-
-
Total Assets
$21,416,011
$18,995,161
-11%
Liabilities
2023
2024
Change
Payables & Accruals
-
-
-
Grants Payable
$839,500
$907,500
+8%
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
N/A
N/A
N/A
Custodial & Escrow Liabilities
N/A
N/A
N/A
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$839,500
$907,500
+8%
Net assets
2023
2024
Change
Restricted Net Assets
-
-
-
Unrestricted Net Assets
$20,576,511
$18,087,661
-12%
Net assets
2023
2024
Change
Net assets
+$20,576,511
+$18,087,661
-12%
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