REGENTS OF THE MERCERSBURG COLLEGE
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$605,245,039
Investments
70%
Property, Plant, & Equipment (net)
16%
Receivables (Non-Related)
9%
Cash & Equivalents
4%
Other Assets
<1%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$61,452,879
Tax-Exempt Bond Liabilities
58%
Deferred Revenue
34%
Payables & Accruals
5%
Other Liabilities
3%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$24,030,003
$25,040,329
+4%
Receivables (Non-Related)
$46,924,170
$52,215,678
+11%
Related-Party Receivables
-
-
-
Inventories
$186,898
$163,844
-12%
Prepaid Expenses
$502,620
$563,061
+12%
Investments
$383,524,755
$425,915,101
+11%
Property, Plant, & Equipment (net)
$97,234,057
$95,343,349
-2%
Other Assets
$6,215,311
$6,003,677
-3%
Total Assets
$558,617,814
$605,245,039
+8%
Liabilities
2023
2024
Change
Payables & Accruals
$2,240,021
$2,963,544
+32%
Grants Payable
-
-
-
Deferred Revenue
$19,831,577
$20,968,752
+6%
Tax-Exempt Bond Liabilities
$42,327,950
$35,543,242
-16%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$2,888,358
$1,977,341
-32%
Total Liabilities
$67,287,906
$61,452,879
-9%
Net assets
2023
2024
Change
Restricted Net Assets
$242,254,407
$266,190,641
+10%
Unrestricted Net Assets
$249,075,501
$277,601,519
+11%
Net assets
2023
2024
Change
Net assets
+$491,329,908
+$543,792,160
+11%
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