NORTHLAND COLLEGE
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$39,390,695
Property, Plant, & Equipment (net)
73%
Other Assets
10%
Investments
9%
Cash & Equivalents
5%
Receivables (Non-Related)
2%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$6,204,536
Other Liabilities
53%
Payables & Accruals
31%
Deferred Revenue
7%
Grants Payable
4%
Notes Payable / Debt (Non-Related)
4%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$1,624,160
$2,159,739
+33%
Receivables (Non-Related)
$2,123,414
$924,204
-56%
Related-Party Receivables
-
-
-
Inventories
$29,114
$7,296
-75%
Prepaid Expenses
$17,994
$11,797
-34%
Investments
$4,128,056
$3,704,568
-10%
Property, Plant, & Equipment (net)
$29,906,653
$28,597,215
-4%
Other Assets
$3,923,140
$3,985,876
+2%
Total Assets
$41,752,531
$39,390,695
-6%
Liabilities
2023
2024
Change
Payables & Accruals
$1,941,741
$1,923,811
-1%
Grants Payable
$289,076
$275,905
-5%
Deferred Revenue
$576,407
$456,553
-21%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$375,000
$245,000
-35%
Related-Party Payables
-
-
-
Other Liabilities
$3,445,637
$3,303,267
-4%
Total Liabilities
$6,627,861
$6,204,536
-6%
Net assets
2023
2024
Change
Restricted Net Assets
$31,465,110
$35,468,694
+13%
Unrestricted Net Assets
$3,659,560
-$2,282,535
-162%
Net assets
2023
2024
Change
Net assets
+$35,124,670
+$33,186,159
-6%
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