Franklin College of Indiana
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$154,479,400
Investments
62%
Property, Plant, & Equipment (net)
32%
Cash & Equivalents
3%
Receivables (Non-Related)
2%
Prepaid Expenses
<1%
Other Assets
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$30,030,666
Tax-Exempt Bond Liabilities
63%
Notes Payable / Debt (Non-Related)
23%
Other Liabilities
5%
Deferred Revenue
5%
Payables & Accruals
4%
Custodial & Escrow Liabilities
<1%
Grants Payable
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$2,835,270
$4,604,535
+62%
Receivables (Non-Related)
$1,639,522
$3,621,175
+121%
Related-Party Receivables
$0
$0
-
Inventories
$168,278
$165,109
-2%
Prepaid Expenses
$447,623
$387,911
-13%
Investments
$92,579,548
$96,082,367
+4%
Property, Plant, & Equipment (net)
$51,132,378
$49,401,106
-3%
Other Assets
$212,040
$217,197
+2%
Total Assets
$149,014,659
$154,479,400
+4%
Liabilities
2023
2024
Change
Payables & Accruals
$1,317,559
$1,085,955
-18%
Grants Payable
-
-
-
Deferred Revenue
$1,657,412
$1,436,493
-13%
Tax-Exempt Bond Liabilities
$19,530,050
$18,838,287
-4%
Custodial & Escrow Liabilities
$161,284
$173,002
+7%
Notes Payable / Debt (Non-Related)
$5,200,000
$6,900,000
+33%
Related-Party Payables
$0
$0
-
Other Liabilities
$1,490,152
$1,596,929
+7%
Total Liabilities
$29,356,457
$30,030,666
+2%
Net assets
2023
2024
Change
Restricted Net Assets
$66,689,354
$74,250,680
+11%
Unrestricted Net Assets
$52,968,848
$50,198,054
-5%
Net assets
2023
2024
Change
Net assets
+$119,658,202
+$124,448,734
+4%
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