COLLEGE OF THE ATLANTIC
COLLEGE OF THE ATLANTIC
COLLEGE OF THE ATLANTIC
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$150,222,816
Investments
55%
Property, Plant, & Equipment (net)
37%
Cash & Equivalents
6%
Receivables (Non-Related)
1%
Prepaid Expenses
<1%
Other Assets
<1%
Related-Party Receivables
<1%
Inventories
<1%
Liabilities in 2024 (Year End)
$18,087,145
Tax-Exempt Bond Liabilities
67%
Notes Payable / Debt (Non-Related)
14%
Payables & Accruals
9%
Other Liabilities
7%
Deferred Revenue
3%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$14,958,983
$8,623,600
-42%
Receivables (Non-Related)
$4,422,807
$2,080,153
-53%
Related-Party Receivables
$118,503
$113,781
-4%
Inventories
$15,355
$20,724
+35%
Prepaid Expenses
$183,891
$274,572
+49%
Investments
$75,417,497
$83,065,669
+10%
Property, Plant, & Equipment (net)
$46,693,751
$55,926,235
+20%
Other Assets
$117,703
$118,082
+0%
Total Assets
$141,928,490
$150,222,816
+6%
Liabilities
2023
2024
Change
Payables & Accruals
$1,236,676
$1,635,296
+32%
Grants Payable
-
-
-
Deferred Revenue
$598,554
$599,487
+0%
Tax-Exempt Bond Liabilities
$12,485,000
$12,145,000
-3%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
$2,496,000
-
Related-Party Payables
-
-
-
Other Liabilities
$1,286,157
$1,211,362
-6%
Total Liabilities
$15,606,387
$18,087,145
+16%
Net assets
2023
2024
Change
Restricted Net Assets
$75,115,398
$77,365,898
+3%
Unrestricted Net Assets
$51,206,705
$54,769,773
+7%
Net assets
2023
2024
Change
Net assets
+$126,322,103
+$132,135,671
+5%
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