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METRO DETROIT BLACK CHAMBER OF COMMERCE FOUNDATION

METRO DETROIT BLACK CHAMBER OF COMMERCE FOUNDATION

Detroit, MI, US
501(c)3
EIN
85-3465384
funder logo

METRO DETROIT BLACK CHAMBER OF COMMERCE FOUNDATION

Detroit, MI, US
501(c)3
EIN
85-3465384

Balance Sheet

Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)

$1,862,959

Cash & Equivalents
50%
Receivables (Non-Related)
37%
Property, Plant, & Equipment (net)
11%
Prepaid Expenses
2%
Other Assets
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)

$71,098

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
$974,395
$927,946
-5%
Receivables (Non-Related)
$973,709
$693,655
-29%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
-
$33,196
-
Investments
-
-
-
Property, Plant, & Equipment (net)
$11,507
$196,445
+1607%
Other Assets
$2,255
$11,717
+420%
Total Assets
$1,961,866
$1,862,959
-5%
Liabilities
2023
2024
Change
Payables & Accruals
$61,845
$71,098
+15%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$61,845
$71,098
+15%
Net assets
2023
2024
Change
Restricted Net Assets
$1,690,982
$1,468,886
-13%
Unrestricted Net Assets
$209,039
$322,975
+55%
Net assets
2023
2024
Change
Net assets
+$1,900,021
+$1,791,861
-6%
Balance Sheet
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