COUNCIL OF INDEPENDENT COLLEGES
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$88,051,675
Investments
89%
Cash & Equivalents
7%
Other Assets
3%
Receivables (Non-Related)
<1%
Prepaid Expenses
<1%
Property, Plant, & Equipment (net)
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$22,148,850
Deferred Revenue
85%
Other Liabilities
11%
Payables & Accruals
4%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$7,772,936
$6,157,623
-21%
Receivables (Non-Related)
$504,534
$607,631
+20%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$375,974
$381,881
+2%
Investments
$76,811,914
$78,279,480
+2%
Property, Plant, & Equipment (net)
$272,579
$378,211
+39%
Other Assets
$2,554,507
$2,246,849
-12%
Total Assets
$88,292,444
$88,051,675
0%
Liabilities
2023
2024
Change
Payables & Accruals
$2,441,464
$955,777
-61%
Grants Payable
-
-
-
Deferred Revenue
$23,688,126
$18,760,069
-21%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$2,756,123
$2,433,004
-12%
Total Liabilities
$28,885,713
$22,148,850
-23%
Net assets
2023
2024
Change
Restricted Net Assets
$44,634,133
$49,183,732
+10%
Unrestricted Net Assets
$14,772,598
$16,719,093
+13%
Net assets
2023
2024
Change
Net assets
+$59,406,731
+$65,902,825
+11%
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