MERCY COLLEGE
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$696,385,098
Investments
47%
Other Assets
26%
Property, Plant, & Equipment (net)
15%
Cash & Equivalents
9%
Receivables (Non-Related)
3%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$250,955,625
Other Liabilities
76%
Tax-Exempt Bond Liabilities
18%
Payables & Accruals
3%
Deferred Revenue
2%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$51,587,592
$59,375,135
+15%
Receivables (Non-Related)
$23,275,557
$21,972,977
-6%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$1,269,120
$1,110,472
-13%
Investments
$317,534,700
$329,929,677
+4%
Property, Plant, & Equipment (net)
$108,001,996
$105,680,944
-2%
Other Assets
$143,308,669
$178,315,893
+24%
Total Assets
$644,977,634
$696,385,098
+8%
Liabilities
2023
2024
Change
Payables & Accruals
$7,990,540
$8,653,916
+8%
Grants Payable
-
-
-
Deferred Revenue
$5,226,273
$5,148,920
-1%
Tax-Exempt Bond Liabilities
$47,101,031
$45,901,989
-3%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$155,358,825
$191,250,800
+23%
Total Liabilities
$215,676,669
$250,955,625
+16%
Net assets
2023
2024
Change
Restricted Net Assets
$21,358,136
$22,343,682
+5%
Unrestricted Net Assets
$407,942,829
$423,085,791
+4%
Net assets
2023
2024
Change
Net assets
+$429,300,965
+$445,429,473
+4%
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