MAINE COLLEGE OF ART AND DESIGN
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$49,942,890
Investments
36%
Property, Plant, & Equipment (net)
35%
Cash & Equivalents
12%
Other Assets
12%
Receivables (Non-Related)
5%
Prepaid Expenses
1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$14,132,040
Tax-Exempt Bond Liabilities
38%
Other Liabilities
35%
Payables & Accruals
12%
Deferred Revenue
8%
Notes Payable / Debt (Non-Related)
7%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$6,270,156
$5,883,181
-6%
Receivables (Non-Related)
$1,173,186
$2,458,585
+110%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$563,417
$688,664
+22%
Investments
$15,617,866
$17,820,913
+14%
Property, Plant, & Equipment (net)
$16,538,801
$17,249,313
+4%
Other Assets
$7,710,287
$5,842,234
-24%
Total Assets
$47,873,713
$49,942,890
+4%
Liabilities
2023
2024
Change
Payables & Accruals
$1,680,179
$1,670,583
-1%
Grants Payable
-
-
-
Deferred Revenue
$1,059,864
$1,139,976
+8%
Tax-Exempt Bond Liabilities
$5,912,529
$5,318,837
-10%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
$1,034,134
-
Related-Party Payables
-
-
-
Other Liabilities
$6,577,475
$4,968,510
-24%
Total Liabilities
$15,230,047
$14,132,040
-7%
Net assets
2023
2024
Change
Restricted Net Assets
$18,031,937
$21,619,337
+20%
Unrestricted Net Assets
$14,611,729
$14,191,513
-3%
Net assets
2023
2024
Change
Net assets
+$32,643,666
+$35,810,850
+10%
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