TRUSTEES OF PHILLIPS ACADEMY
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$2,008,258,462
Investments
71%
Property, Plant, & Equipment (net)
20%
Receivables (Non-Related)
5%
Cash & Equivalents
3%
Other Assets
<1%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$212,115,262
Tax-Exempt Bond Liabilities
52%
Notes Payable / Debt (Non-Related)
14%
Deferred Revenue
14%
Other Liabilities
10%
Payables & Accruals
10%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$88,710,783
$69,778,568
-21%
Receivables (Non-Related)
$96,168,422
$93,559,943
-3%
Related-Party Receivables
$0
$0
-
Inventories
$625,086
$680,602
+9%
Prepaid Expenses
$4,497,941
$3,747,284
-17%
Investments
$1,348,991,537
$1,435,005,353
+6%
Property, Plant, & Equipment (net)
$367,585,214
$399,770,260
+9%
Other Assets
$4,943,664
$5,716,452
+16%
Total Assets
$1,911,522,647
$2,008,258,462
+5%
Liabilities
2023
2024
Change
Payables & Accruals
$18,002,741
$20,784,551
+15%
Grants Payable
$0
$0
-
Deferred Revenue
$22,178,403
$29,247,912
+32%
Tax-Exempt Bond Liabilities
$59,702,719
$110,441,854
+85%
Custodial & Escrow Liabilities
$0
$0
-
Notes Payable / Debt (Non-Related)
$80,809,847
$30,109,588
-63%
Related-Party Payables
$0
$0
-
Other Liabilities
$25,441,674
$21,531,357
-15%
Total Liabilities
$206,135,384
$212,115,262
+3%
Net assets
2023
2024
Change
Restricted Net Assets
$1,143,456,941
$1,199,240,698
+5%
Unrestricted Net Assets
$561,930,322
$596,902,502
+6%
Net assets
2023
2024
Change
Net assets
+$1,705,387,263
+$1,796,143,200
+5%
Copyright 2026. All rights reserved to Chario Inc. (d.b.a. Impala)