GEORGIAN COURT UNIVERSITY
GEORGIAN COURT UNIVERSITY
GEORGIAN COURT UNIVERSITY
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$122,847,259
Investments
44%
Property, Plant, & Equipment (net)
42%
Cash & Equivalents
11%
Other Assets
2%
Receivables (Non-Related)
1%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$34,652,402
Tax-Exempt Bond Liabilities
60%
Deferred Revenue
23%
Payables & Accruals
12%
Other Liabilities
5%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$8,194,017
$13,234,795
+62%
Receivables (Non-Related)
$2,465,091
$1,424,615
-42%
Related-Party Receivables
$0
-
-
Inventories
$0
$55
-
Prepaid Expenses
$100,487
$55,112
-45%
Investments
$52,181,905
$53,752,123
+3%
Property, Plant, & Equipment (net)
$55,345,969
$51,543,717
-7%
Other Assets
$1,468,524
$2,836,842
+93%
Total Assets
$119,755,993
$122,847,259
+3%
Liabilities
2023
2024
Change
Payables & Accruals
$11,289,299
$4,057,396
-64%
Grants Payable
$0
-
-
Deferred Revenue
$843,384
$8,044,609
+854%
Tax-Exempt Bond Liabilities
$13,344,252
$20,818,205
+56%
Custodial & Escrow Liabilities
$0
-
-
Notes Payable / Debt (Non-Related)
$29,272
-
-
Related-Party Payables
$0
-
-
Other Liabilities
$10,356,569
$1,732,192
-83%
Total Liabilities
$35,862,776
$34,652,402
-3%
Net assets
2023
2024
Change
Restricted Net Assets
$33,757,542
$36,836,352
+9%
Unrestricted Net Assets
$50,135,675
$51,358,505
+2%
Net assets
2023
2024
Change
Net assets
+$83,893,217
+$88,194,857
+5%
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