Not-for-Profit Subsidiary Activities |
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| Not-for-Profit Subsidiary Activities | Note 18: Not-for-profit Subsidiary Activities The following represent required disclosures related to the activities of Ministry Partners for Christ, the Company’s wholly owned, not-for-profit organization. At June 30, 2025 and December 31, 2024, the Company had $377 thousand and $304 thousand, respectively in cash held in a checking account available to meet general expenditure needs for the next twelve months. This does not include $1.7 million in cash that carries permanent donor restrictions. There were no board-designated funds as of June 30, 2025 and December 31, 2024. Management believes the cash available for use by MPC is sufficient to cover its expenses. At June 30, 2025, MPC had $2.1 million in net assets, $1.7 million of which is permanently restricted by donors. MPC earned interest income of $20 thousand during the three and six months ended June 30, 2025 and the three and six months ended June 30, 2024. At June 30, 2025 and December 31, 2024, respectively, MPC had $326 thousand and $340 thousand in unrestricted net assets. A breakdown of expenses for MPC for the three- and six-month periods ended June 30, 2025 and 2024, is as follows:
The change in net assets for MPC for the three- and six-month periods ended June 30, 2025 and 2024 is as follows:
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