THOMAS M COOLEY LAW SCHOOL
Balance Sheet
Fiscal Year Start:
Sep 1
Assets in 2024 (Year End)
$72,684,052
Investments
48%
Property, Plant, & Equipment (net)
48%
Prepaid Expenses
3%
Cash & Equivalents
<1%
Inventories
<1%
Receivables (Non-Related)
<1%
Related-Party Receivables
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$28,632,591
Tax-Exempt Bond Liabilities
81%
Deferred Revenue
11%
Payables & Accruals
8%
Other Liabilities
<1%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$899,747
$626,730
-30%
Receivables (Non-Related)
$158,607
$197,489
+25%
Related-Party Receivables
-
-
-
Inventories
$213,803
$216,840
+1%
Prepaid Expenses
$1,120,792
$2,161,744
+93%
Investments
$60,817,044
$34,788,851
-43%
Property, Plant, & Equipment (net)
$49,287,655
$34,692,398
-30%
Other Assets
-
-
-
Total Assets
$112,497,648
$72,684,052
-35%
Liabilities
2023
2024
Change
Payables & Accruals
$3,527,080
$2,195,310
-38%
Grants Payable
-
-
-
Deferred Revenue
$2,597,715
$3,072,772
+18%
Tax-Exempt Bond Liabilities
$59,392,430
$23,124,170
-61%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$6,773
$0
-100%
Related-Party Payables
-
-
-
Other Liabilities
$323,889
$240,339
-26%
Total Liabilities
$65,847,887
$28,632,591
-57%
Net assets
2023
2024
Change
Restricted Net Assets
$5,206,526
$5,748,918
+10%
Unrestricted Net Assets
$41,443,235
$38,302,543
-8%
Net assets
2023
2024
Change
Net assets
+$46,649,761
+$44,051,461
-6%
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