Professional Documents
Culture Documents
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ST ''''TE-'i:t'm,'I'
_,', ,.ft, il\~NTSO'''.'' ••FNETAS'
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I' I NE' FITI'S'1
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2007
ASSETS:
Ca ~,h, and cash equiv,ale,nts, $ 3],5 06,6,4,56 $ 24,389 1,94
Investments (Note 3) 233,869,2811 237,7'27,,138
Co tributlons rece, vahle from or on behalf of members 6,,796,605 , _,:J"'7'4
11 '.. ,., ,,'8'2S
,., ', . .
Rate stabil~zation reserves W"ith nn,derwriters (Note 4) 1514"'· '7'5· 5~, '3:.,3"3-.
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137,61,4,788
Miscellaneous receiv'ables and prepa,yments . 1,484,1048 1,39,5,,764
Deferreid co,mpensat·on deposits (Note 5) 484,62,8 '72'4,-',
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THIS NUMBER REPRESENTS THE ACCUMULATED NET PROFITS MESSA HAS EARNED. JUST
BECAUSE IT IS CLASSIFIED AS A NON-PROFIT DOES NOT MEAN THAT MESSA CAN'T EARN MONEY.
IT'S JUST RESTRICTED ON WHAT IT CAN DO WITH THAT MONEY.
JUST KEEP IN MIND, AS MICHIGAN SCHOOL STRUGGLE TO PAY BILLS BECAUSE STATE FUNDING
HAS NOT KEPT UP WITH INFLATION, THESE EARNINGS REPRESENT FUNDS THAT COULD BE USED
TO KEEP TEACHERS EMPLOYED. NOTE THAT THIS
CONTAINS
MESSA IS JUST PULLING MONEY OUT OF A CLOSED LOOP SYSTEM AND SACRIFICING TEACHER NONQUALIFED
JOBS IN THE PROCESS. PLAN BENEFITING
THOSE EARNING
OVER $225,000
PER YEAR.