The King's College
Balance Sheet
Fiscal Year Start:
Sep 1
Assets in 2024 (Year End)
$22,940,456
Other Assets
95%
Investments
2%
Cash & Equivalents
2%
Prepaid Expenses
<1%
Receivables (Non-Related)
<1%
Inventories
<1%
Related-Party Receivables
0%
Property, Plant, & Equipment (net)
0%
Liabilities in 2024 (Year End)
$28,750,864
Other Liabilities
87%
Payables & Accruals
12%
Related-Party Payables
1%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Assets
2023
2024
Change
Cash & Equivalents
$2,490,922
$427,646
-83%
Receivables (Non-Related)
$910,642
$33,526
-96%
Related-Party Receivables
$0
$0
-
Inventories
$10,262
$10,217
0%
Prepaid Expenses
$49,627
$66,904
+35%
Investments
$616,756
$553,319
-10%
Property, Plant, & Equipment (net)
$14,745,401
$0
-100%
Other Assets
$24,572,703
$21,848,844
-11%
Total Assets
$43,396,313
$22,940,456
-47%
Liabilities
2023
2024
Change
Payables & Accruals
$3,488,258
$3,397,740
-3%
Grants Payable
-
-
-
Deferred Revenue
$0
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$9,000,000
$0
-100%
Related-Party Payables
$1,914,573
$400,000
-79%
Other Liabilities
$27,437,521
$24,953,124
-9%
Total Liabilities
$41,840,352
$28,750,864
-31%
Net assets
2023
2024
Change
Restricted Net Assets
$821,087
$808,373
-2%
Unrestricted Net Assets
$734,874
-$6,618,781
-1001%
Net assets
2023
2024
Change
Net assets
+$1,555,961
-$5,810,408
-473%
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