RHODE ISLAND COLLEGE FOUNDATION
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$48,042,629
Investments
94%
Receivables (Non-Related)
2%
Other Assets
2%
Cash & Equivalents
1%
Prepaid Expenses
<1%
Property, Plant, & Equipment (net)
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$563,669
Other Liabilities
57%
Grants Payable
22%
Payables & Accruals
21%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$877,790
$501,650
-43%
Receivables (Non-Related)
$1,145,561
$1,176,826
+3%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
-
$69,372
-
Investments
$40,153,112
$45,108,816
+12%
Property, Plant, & Equipment (net)
$0
$15,700
-
Other Assets
$1,079,416
$1,170,265
+8%
Total Assets
$43,255,879
$48,042,629
+11%
Liabilities
2023
2024
Change
Payables & Accruals
$735,497
$119,984
-84%
Grants Payable
$204,428
$125,000
-39%
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$352,304
$318,685
-10%
Total Liabilities
$1,292,229
$563,669
-56%
Net assets
2023
2024
Change
Restricted Net Assets
$37,449,520
$42,389,242
+13%
Unrestricted Net Assets
$4,514,130
$5,089,718
+13%
Net assets
2023
2024
Change
Net assets
+$41,963,650
+$47,478,960
+13%
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