THE SPENCE SCHOOL
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$396,968,006
Property, Plant, & Equipment (net)
50%
Investments
41%
Cash & Equivalents
7%
Receivables (Non-Related)
<1%
Prepaid Expenses
<1%
Other Assets
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$60,823,166
Tax-Exempt Bond Liabilities
49%
Deferred Revenue
47%
Payables & Accruals
4%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$32,367,370
$29,189,638
-10%
Receivables (Non-Related)
$5,350,426
$2,555,463
-52%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$3,259,594
$812,773
-75%
Investments
$143,280,055
$164,042,517
+14%
Property, Plant, & Equipment (net)
$201,636,718
$199,572,911
-1%
Other Assets
$825,596
$794,704
-4%
Total Assets
$386,719,759
$396,968,006
+3%
Liabilities
2023
2024
Change
Payables & Accruals
$2,050,899
$2,266,615
+11%
Grants Payable
-
-
-
Deferred Revenue
$26,535,699
$28,470,391
+7%
Tax-Exempt Bond Liabilities
$30,395,000
$30,086,160
-1%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$58,981,598
$60,823,166
+3%
Net assets
2023
2024
Change
Restricted Net Assets
$132,825,330
$142,184,008
+7%
Unrestricted Net Assets
$194,912,831
$193,960,832
0%
Net assets
2023
2024
Change
Net assets
+$327,738,161
+$336,144,840
+3%
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