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MINNESOTA BLACK COLLECTIVE FOUNDATION

MINNESOTA BLACK COLLECTIVE FOUNDATION

Minneapolis, MN, US
501(c)(3)
EIN
88-3613546
Regional Funder
funder logo

MINNESOTA BLACK COLLECTIVE FOUNDATION

Minneapolis, MN, US
501(c)(3)
EIN
88-3613546
Regional Funder

Balance Sheet

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

$5,154,987

Cash & Equivalents
74%
Receivables (Non-Related)
26%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Property, Plant, & Equipment (net)
0%
Other Assets
0%
Liabilities in 2024 (Year End)

$152,825

Grants Payable
72%
Payables & Accruals
28%
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
$3,156,344
$3,809,683
+21%
Receivables (Non-Related)
$1,552,764
$1,336,156
-14%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$4,476
$9,148
+104%
Investments
-
-
-
Property, Plant, & Equipment (net)
-
-
-
Other Assets
-
-
-
Total Assets
$4,713,584
$5,154,987
+9%
Liabilities
2023
2024
Change
Payables & Accruals
$45,517
$42,825
-6%
Grants Payable
$352,000
$110,000
-69%
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$0
$0
-
Total Liabilities
$397,517
$152,825
-62%
Net assets
2023
2024
Change
Restricted Net Assets
$1,875,666
$2,688,091
+43%
Unrestricted Net Assets
$2,440,401
$2,314,071
-5%
Net assets
2023
2024
Change
Net assets
+$4,316,067
+$5,002,162
+16%
Balance Sheet
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