LANCASTER BIBLE COLLEGE
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$90,805,365
Property, Plant, & Equipment (net)
63%
Investments
23%
Cash & Equivalents
5%
Other Assets
4%
Receivables (Non-Related)
4%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$33,568,452
Tax-Exempt Bond Liabilities
75%
Other Liabilities
12%
Deferred Revenue
8%
Payables & Accruals
3%
Notes Payable / Debt (Non-Related)
2%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$3,750,012
$4,227,863
+13%
Receivables (Non-Related)
$5,092,340
$3,601,888
-29%
Related-Party Receivables
-
-
-
Inventories
$343,569
$26,200
-92%
Prepaid Expenses
$351,394
$331,819
-6%
Investments
$19,901,878
$21,178,567
+6%
Property, Plant, & Equipment (net)
$59,701,020
$57,467,645
-4%
Other Assets
$4,706,279
$3,971,383
-16%
Total Assets
$93,846,492
$90,805,365
-3%
Liabilities
2023
2024
Change
Payables & Accruals
$823,383
$923,625
+12%
Grants Payable
-
-
-
Deferred Revenue
$2,474,000
$2,521,435
+2%
Tax-Exempt Bond Liabilities
$26,467,651
$25,333,214
-4%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$1,947,517
$691,680
-64%
Related-Party Payables
-
-
-
Other Liabilities
$4,675,761
$4,098,498
-12%
Total Liabilities
$36,388,312
$33,568,452
-8%
Net assets
2023
2024
Change
Restricted Net Assets
$12,029,167
$13,465,803
+12%
Unrestricted Net Assets
$45,429,013
$43,771,110
-4%
Net assets
2023
2024
Change
Net assets
+$57,458,180
+$57,236,913
0%
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