ALVERNO COLLEGE
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$81,321,504
Investments
45%
Property, Plant, & Equipment (net)
39%
Cash & Equivalents
7%
Receivables (Non-Related)
7%
Other Assets
1%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$22,395,404
Other Liabilities
43%
Tax-Exempt Bond Liabilities
29%
Payables & Accruals
14%
Deferred Revenue
13%
Grants Payable
1%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$6,387,124
$5,965,544
-7%
Receivables (Non-Related)
$6,498,378
$5,810,938
-11%
Related-Party Receivables
-
-
-
Inventories
$107,397
$51,893
-52%
Prepaid Expenses
$1,967,914
$438,126
-78%
Investments
$42,966,732
$36,545,765
-15%
Property, Plant, & Equipment (net)
$34,991,124
$31,526,202
-10%
Other Assets
$949,237
$983,036
+4%
Total Assets
$93,867,906
$81,321,504
-13%
Liabilities
2023
2024
Change
Payables & Accruals
$5,240,539
$3,238,557
-38%
Grants Payable
$446,368
$284,452
-36%
Deferred Revenue
$3,325,747
$2,802,655
-16%
Tax-Exempt Bond Liabilities
$7,672,849
$6,459,513
-16%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$9,301,465
$9,610,227
+3%
Total Liabilities
$25,986,968
$22,395,404
-14%
Net assets
2023
2024
Change
Restricted Net Assets
$32,509,862
$33,607,794
+3%
Unrestricted Net Assets
$35,371,076
$25,318,306
-28%
Net assets
2023
2024
Change
Net assets
+$67,880,938
+$58,926,100
-13%
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