MAGIC JOHNSON FOUNDATION
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$703,878
Investments
83%
Cash & Equivalents
17%
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)
$22,500
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%
Assets
2023
2024
Change
Cash & Equivalents
$924,025
$122,230
-87%
Receivables (Non-Related)
$25,000
$0
-100%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
-
-
-
Investments
-
$581,648
-
Property, Plant, & Equipment (net)
-
-
-
Other Assets
-
-
-
Total Assets
$949,025
$703,878
-26%
Liabilities
2023
2024
Change
Payables & Accruals
$98,245
$0
-100%
Grants Payable
$27,500
$22,500
-18%
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$125,745
$22,500
-82%
Net assets
2023
2024
Change
Restricted Net Assets
N/A
N/A
N/A
Unrestricted Net Assets
N/A
N/A
N/A
Net assets
2023
2024
Change
Net assets
+$823,280
+$681,378
-17%
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