Lake Forest College
Balance Sheet
Fiscal Year Start:
Jun 1
Assets in 2024 (Year End)
$269,045,907
Property, Plant, & Equipment (net)
51%
Investments
43%
Receivables (Non-Related)
4%
Other Assets
<1%
Cash & Equivalents
<1%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$57,413,941
Tax-Exempt Bond Liabilities
74%
Payables & Accruals
9%
Deferred Revenue
7%
Notes Payable / Debt (Non-Related)
5%
Other Liabilities
4%
Grants Payable
<1%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$564,594
$1,836,714
+225%
Receivables (Non-Related)
$11,022,585
$11,049,846
+0%
Related-Party Receivables
-
-
-
Inventories
$94,173
$49,415
-48%
Prepaid Expenses
$1,498,082
$1,740,278
+16%
Investments
$107,159,561
$114,773,131
+7%
Property, Plant, & Equipment (net)
$138,233,165
$137,255,594
-1%
Other Assets
$3,375,858
$2,340,929
-31%
Total Assets
$261,948,018
$269,045,907
+3%
Liabilities
2023
2024
Change
Payables & Accruals
$6,005,187
$5,249,998
-13%
Grants Payable
$608,847
$368,748
-39%
Deferred Revenue
$4,381,932
$3,949,410
-10%
Tax-Exempt Bond Liabilities
$43,064,523
$42,604,091
-1%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$2,500,000
$3,000,000
+20%
Related-Party Payables
-
-
-
Other Liabilities
$2,575,308
$2,241,694
-13%
Total Liabilities
$59,135,797
$57,413,941
-3%
Net assets
2023
2024
Change
Restricted Net Assets
$113,409,618
$115,288,169
+2%
Unrestricted Net Assets
$89,402,603
$96,343,797
+8%
Net assets
2023
2024
Change
Net assets
+$202,812,221
+$211,631,966
+4%
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