ALBION COLLEGE
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$261,871,104
Investments
58%
Property, Plant, & Equipment (net)
35%
Receivables (Non-Related)
3%
Cash & Equivalents
2%
Other Assets
<1%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$73,485,578
Tax-Exempt Bond Liabilities
79%
Notes Payable / Debt (Non-Related)
12%
Payables & Accruals
6%
Other Liabilities
2%
Deferred Revenue
<1%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$6,143,665
$5,934,577
-3%
Receivables (Non-Related)
$15,282,432
$7,337,132
-52%
Related-Party Receivables
-
$0
-
Inventories
$1,250
$1,250
+0%
Prepaid Expenses
$970,760
$1,410,160
+45%
Investments
$149,894,316
$151,999,048
+1%
Property, Plant, & Equipment (net)
$95,460,497
$92,914,317
-3%
Other Assets
$5,458,541
$2,274,620
-58%
Total Assets
$273,211,461
$261,871,104
-4%
Liabilities
2023
2024
Change
Payables & Accruals
$7,242,526
$4,558,012
-37%
Grants Payable
-
-
-
Deferred Revenue
$550,784
$312,775
-43%
Tax-Exempt Bond Liabilities
$57,446,396
$58,029,313
+1%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$9,000,000
$9,000,000
+0%
Related-Party Payables
-
$0
-
Other Liabilities
$1,740,931
$1,585,478
-9%
Total Liabilities
$75,980,637
$73,485,578
-3%
Net assets
2023
2024
Change
Restricted Net Assets
$167,420,572
$170,648,226
+2%
Unrestricted Net Assets
$29,810,252
$17,737,300
-40%
Net assets
2023
2024
Change
Net assets
+$197,230,824
+$188,385,526
-4%
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