THE TRUSTEES OF THE CUSHING ACADEMY
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$248,517,302
Property, Plant, & Equipment (net)
54%
Investments
23%
Cash & Equivalents
21%
Receivables (Non-Related)
2%
Prepaid Expenses
<1%
Other Assets
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$41,048,184
Deferred Revenue
53%
Tax-Exempt Bond Liabilities
37%
Payables & Accruals
9%
Other Liabilities
<1%
Notes Payable / Debt (Non-Related)
<1%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$24,225,306
$51,504,292
+113%
Receivables (Non-Related)
$20,274,962
$5,682,161
-72%
Related-Party Receivables
-
-
-
Inventories
$30,671
$43,826
+43%
Prepaid Expenses
$697,048
$547,179
-22%
Investments
$69,333,427
$56,771,303
-18%
Property, Plant, & Equipment (net)
$122,562,049
$133,813,143
+9%
Other Assets
$167,595
$155,398
-7%
Total Assets
$237,291,058
$248,517,302
+5%
Liabilities
2023
2024
Change
Payables & Accruals
$4,401,240
$3,777,013
-14%
Grants Payable
-
-
-
Deferred Revenue
$19,368,099
$21,908,446
+13%
Tax-Exempt Bond Liabilities
$16,252,924
$15,153,191
-7%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$46,485
$23,810
-49%
Related-Party Payables
-
-
-
Other Liabilities
$208,968
$185,724
-11%
Total Liabilities
$40,277,716
$41,048,184
+2%
Net assets
2023
2024
Change
Restricted Net Assets
$77,067,812
$56,377,967
-27%
Unrestricted Net Assets
$119,945,530
$151,091,151
+26%
Net assets
2023
2024
Change
Net assets
+$197,013,342
+$207,469,118
+5%
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