Puritan Reformed Theological Seminary
Balance Sheet
Fiscal Year Start:
Aug 1
Assets in 2024 (Year End)
$18,692,646
Cash & Equivalents
46%
Property, Plant, & Equipment (net)
46%
Other Assets
6%
Prepaid Expenses
1%
Inventories
<1%
Receivables (Non-Related)
<1%
Related-Party Receivables
0%
Investments
0%
Liabilities in 2024 (Year End)
$458,905
Payables & Accruals
43%
Notes Payable / Debt (Non-Related)
39%
Deferred Revenue
10%
Related-Party Payables
8%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$6,210,232
$8,531,249
+37%
Receivables (Non-Related)
$117,570
$81,987
-30%
Related-Party Receivables
-
-
-
Inventories
$106,555
$89,696
-16%
Prepaid Expenses
$118,847
$258,009
+117%
Investments
-
-
-
Property, Plant, & Equipment (net)
$8,656,691
$8,516,705
-2%
Other Assets
-
$1,215,000
-
Total Assets
$15,209,895
$18,692,646
+23%
Liabilities
2023
2024
Change
Payables & Accruals
$58,399
$197,424
+238%
Grants Payable
-
-
-
Deferred Revenue
$54,211
$46,105
-15%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$41,464
$180,376
+335%
Related-Party Payables
$35,000
$35,000
+0%
Other Liabilities
-
-
-
Total Liabilities
$189,074
$458,905
+143%
Net assets
2023
2024
Change
Restricted Net Assets
$2,228,230
$2,119,853
-5%
Unrestricted Net Assets
$12,792,591
$16,113,888
+26%
Net assets
2023
2024
Change
Net assets
+$15,020,821
+$18,233,741
+21%
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