The Pennington School
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$95,641,589
Investments
50%
Property, Plant, & Equipment (net)
40%
Cash & Equivalents
6%
Receivables (Non-Related)
3%
Other Assets
<1%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$23,016,311
Tax-Exempt Bond Liabilities
48%
Deferred Revenue
33%
Payables & Accruals
14%
Notes Payable / Debt (Non-Related)
3%
Other Liabilities
2%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$5,452,475
$5,962,349
+9%
Receivables (Non-Related)
$3,261,331
$2,693,209
-17%
Related-Party Receivables
$0
$0
-
Inventories
$103,332
$90,768
-12%
Prepaid Expenses
$464,216
$271,887
-41%
Investments
$44,556,579
$47,760,263
+7%
Property, Plant, & Equipment (net)
$38,150,779
$38,322,239
+0%
Other Assets
$365,718
$540,874
+48%
Total Assets
$92,354,430
$95,641,589
+4%
Liabilities
2023
2024
Change
Payables & Accruals
$2,967,032
$3,152,556
+6%
Grants Payable
$0
$0
-
Deferred Revenue
$6,074,263
$7,615,970
+25%
Tax-Exempt Bond Liabilities
$11,774,852
$11,039,725
-6%
Custodial & Escrow Liabilities
$0
$0
-
Notes Payable / Debt (Non-Related)
$691,734
$660,732
-4%
Related-Party Payables
$0
$0
-
Other Liabilities
$370,161
$547,328
+48%
Total Liabilities
$21,878,042
$23,016,311
+5%
Net assets
2023
2024
Change
Restricted Net Assets
$26,179,366
$27,700,468
+6%
Unrestricted Net Assets
$44,297,022
$44,924,810
+1%
Net assets
2023
2024
Change
Net assets
+$70,476,388
+$72,625,278
+3%
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