NICHOLS COLLEGE
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$114,285,033
Property, Plant, & Equipment (net)
56%
Investments
37%
Cash & Equivalents
4%
Receivables (Non-Related)
2%
Other Assets
1%
Related-Party Receivables
0%
Inventories
0%
Prepaid Expenses
0%
Liabilities in 2024 (Year End)
$28,131,733
Notes Payable / Debt (Non-Related)
84%
Other Liabilities
11%
Payables & Accruals
4%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$1,502,402
$4,615,887
+207%
Receivables (Non-Related)
$5,589,518
$2,703,225
-52%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
-
-
-
Investments
$41,660,418
$41,732,050
+0%
Property, Plant, & Equipment (net)
$67,229,649
$63,826,734
-5%
Other Assets
$2,336,773
$1,407,137
-40%
Total Assets
$118,318,760
$114,285,033
-3%
Liabilities
2023
2024
Change
Payables & Accruals
$1,841,785
$1,155,756
-37%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$26,077,768
$23,766,603
-9%
Related-Party Payables
-
-
-
Other Liabilities
$3,106,744
$3,209,374
+3%
Total Liabilities
$31,026,297
$28,131,733
-9%
Net assets
2023
2024
Change
Restricted Net Assets
$37,657,223
$38,231,976
+2%
Unrestricted Net Assets
$49,635,240
$47,921,324
-3%
Net assets
2023
2024
Change
Net assets
+$87,292,463
+$86,153,300
-1%
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