PHILLIPS EXETER ACADEMY
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$2,078,494,595
Investments
73%
Property, Plant, & Equipment (net)
18%
Cash & Equivalents
4%
Other Assets
4%
Receivables (Non-Related)
1%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$193,261,045
Tax-Exempt Bond Liabilities
41%
Other Liabilities
41%
Deferred Revenue
9%
Payables & Accruals
9%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$90,341,940
$84,730,498
-6%
Receivables (Non-Related)
$33,009,483
$27,202,208
-18%
Related-Party Receivables
$0
$0
-
Inventories
$437,761
$397,338
-9%
Prepaid Expenses
$3,736,757
$4,419,403
+18%
Investments
$1,453,451,584
$1,512,315,686
+4%
Property, Plant, & Equipment (net)
$352,831,940
$375,078,157
+6%
Other Assets
$69,015,684
$74,351,305
+8%
Total Assets
$2,002,825,149
$2,078,494,595
+4%
Liabilities
2023
2024
Change
Payables & Accruals
$8,663,063
$16,615,382
+92%
Grants Payable
$0
$0
-
Deferred Revenue
$23,857,626
$16,681,171
-30%
Tax-Exempt Bond Liabilities
$80,000,000
$80,000,000
+0%
Custodial & Escrow Liabilities
$0
$0
-
Notes Payable / Debt (Non-Related)
$0
$0
-
Related-Party Payables
$0
$0
-
Other Liabilities
$79,352,496
$79,964,492
+1%
Total Liabilities
$191,873,185
$193,261,045
+1%
Net assets
2023
2024
Change
Restricted Net Assets
$1,297,248,793
$1,357,730,711
+5%
Unrestricted Net Assets
$513,703,171
$527,502,839
+3%
Net assets
2023
2024
Change
Net assets
+$1,810,951,964
+$1,885,233,550
+4%
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