STERLING COLLEGE
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$8,707,303
Receivables (Non-Related)
42%
Property, Plant, & Equipment (net)
39%
Investments
13%
Cash & Equivalents
5%
Prepaid Expenses
<1%
Other Assets
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$2,223,965
Notes Payable / Debt (Non-Related)
82%
Payables & Accruals
13%
Deferred Revenue
4%
Other Liabilities
<1%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$56,023
$436,551
+679%
Receivables (Non-Related)
$3,588,872
$3,651,700
+2%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$2,700
$25,467
+843%
Investments
$1,047,321
$1,165,595
+11%
Property, Plant, & Equipment (net)
$3,511,750
$3,406,517
-3%
Other Assets
$18,321
$21,473
+17%
Total Assets
$8,224,987
$8,707,303
+6%
Liabilities
2023
2024
Change
Payables & Accruals
$181,650
$286,396
+58%
Grants Payable
-
-
-
Deferred Revenue
$108,509
$91,034
-16%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$1,889,604
$1,832,539
-3%
Related-Party Payables
-
-
-
Other Liabilities
$10,893
$13,996
+28%
Total Liabilities
$2,190,656
$2,223,965
+2%
Net assets
2023
2024
Change
Restricted Net Assets
$3,482,455
$4,410,066
+27%
Unrestricted Net Assets
$2,551,876
$2,073,272
-19%
Net assets
2023
2024
Change
Net assets
+$6,034,331
+$6,483,338
+7%
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