Meridian Institute
Balance Sheet
Fiscal Year Start:
Oct 1
Assets in 2024 (Year End)
$20,714,015
Cash & Equivalents
71%
Receivables (Non-Related)
19%
Other Assets
7%
Prepaid Expenses
1%
Property, Plant, & Equipment (net)
1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)
$18,050,784
Deferred Revenue
66%
Payables & Accruals
27%
Other Liabilities
7%
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
$19,107,092
$14,650,562
-23%
Receivables (Non-Related)
$5,161,848
$3,989,043
-23%
Related-Party Receivables
-
$0
-
Inventories
-
$0
-
Prepaid Expenses
$178,874
$296,751
+66%
Investments
-
$0
-
Property, Plant, & Equipment (net)
$422,015
$267,753
-37%
Other Assets
$2,177,287
$1,509,906
-31%
Total Assets
$27,047,116
$20,714,015
-23%
Liabilities
2023
2024
Change
Payables & Accruals
$2,499,158
$4,802,246
+92%
Grants Payable
-
$0
-
Deferred Revenue
$18,583,147
$11,971,230
-36%
Tax-Exempt Bond Liabilities
-
$0
-
Custodial & Escrow Liabilities
-
$0
-
Notes Payable / Debt (Non-Related)
-
$0
-
Related-Party Payables
-
$0
-
Other Liabilities
$2,919,378
$1,277,308
-56%
Total Liabilities
$24,001,683
$18,050,784
-25%
Net assets
2023
2024
Change
Restricted Net Assets
$4,104,325
$4,348,997
+6%
Unrestricted Net Assets
-$1,058,892
-$1,685,766
-59%
Net assets
2023
2024
Change
Net assets
+$3,045,433
+$2,663,231
-13%
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