Gordon-Conwell Theological Seminary Inc
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$110,295,525
Investments
58%
Property, Plant, & Equipment (net)
28%
Cash & Equivalents
6%
Receivables (Non-Related)
4%
Other Assets
3%
Prepaid Expenses
<1%
Related-Party Receivables
<1%
Inventories
<1%
Liabilities in 2024 (Year End)
$13,694,955
Notes Payable / Debt (Non-Related)
67%
Custodial & Escrow Liabilities
12%
Payables & Accruals
12%
Deferred Revenue
8%
Other Liabilities
1%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$6,074,100
$6,207,269
+2%
Receivables (Non-Related)
$5,235,077
$4,741,842
-9%
Related-Party Receivables
$250,000
$250,000
+0%
Inventories
$213,621
$222,921
+4%
Prepaid Expenses
$591,490
$637,399
+8%
Investments
$59,225,200
$63,791,588
+8%
Property, Plant, & Equipment (net)
$32,156,172
$31,347,600
-3%
Other Assets
$3,697,054
$3,096,906
-16%
Total Assets
$107,442,714
$110,295,525
+3%
Liabilities
2023
2024
Change
Payables & Accruals
$1,736,435
$1,655,769
-5%
Grants Payable
-
-
-
Deferred Revenue
$1,367,132
$1,036,119
-24%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
$2,139,422
$1,683,999
-21%
Notes Payable / Debt (Non-Related)
$7,747,277
$9,141,272
+18%
Related-Party Payables
-
-
-
Other Liabilities
$318,542
$177,796
-44%
Total Liabilities
$13,308,808
$13,694,955
+3%
Net assets
2023
2024
Change
Restricted Net Assets
$78,809,073
$82,737,286
+5%
Unrestricted Net Assets
$15,324,833
$13,863,284
-10%
Net assets
2023
2024
Change
Net assets
+$94,133,906
+$96,600,570
+3%
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