ASSOCIATION FOR BIBLICAL HIGHER EDUCATION
Balance Sheet
Fiscal Year Start:
Sep 1
Assets in 2024 (Year End)
$1,615,998
Other Assets
45%
Cash & Equivalents
42%
Prepaid Expenses
7%
Property, Plant, & Equipment (net)
5%
Receivables (Non-Related)
2%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)
$824,014
Other Liabilities
87%
Deferred Revenue
11%
Payables & Accruals
3%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$722,861
$674,929
-7%
Receivables (Non-Related)
$105,347
$24,828
-76%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$96,296
$118,911
+23%
Investments
-
-
-
Property, Plant, & Equipment (net)
$110,611
$77,518
-30%
Other Assets
$874,530
$719,812
-18%
Total Assets
$1,909,645
$1,615,998
-15%
Liabilities
2023
2024
Change
Payables & Accruals
$146,240
$22,500
-85%
Grants Payable
-
-
-
Deferred Revenue
$172,340
$87,404
-49%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$865,558
$714,110
-17%
Total Liabilities
$1,184,138
$824,014
-30%
Net assets
2023
2024
Change
Restricted Net Assets
$113,770
$136,216
+20%
Unrestricted Net Assets
$611,737
$655,768
+7%
Net assets
2023
2024
Change
Net assets
+$725,507
+$791,984
+9%
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