MORNINGSIDE COLLEGE
Balance Sheet
Fiscal Year Start:
Jun 1
Assets in 2024 (Year End)
$135,355,394
Investments
58%
Property, Plant, & Equipment (net)
35%
Receivables (Non-Related)
4%
Cash & Equivalents
2%
Other Assets
1%
Inventories
<1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$27,736,437
Tax-Exempt Bond Liabilities
80%
Other Liabilities
9%
Payables & Accruals
6%
Notes Payable / Debt (Non-Related)
3%
Custodial & Escrow Liabilities
1%
Deferred Revenue
1%
Grants Payable
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$2,160,009
$3,246,944
+50%
Receivables (Non-Related)
$4,806,031
$4,767,014
-1%
Related-Party Receivables
-
-
-
Inventories
$141,565
$200,640
+42%
Prepaid Expenses
$41,091
$25,143
-39%
Investments
$71,347,689
$78,151,439
+10%
Property, Plant, & Equipment (net)
$50,109,379
$47,601,366
-5%
Other Assets
$1,436,703
$1,362,848
-5%
Total Assets
$130,042,467
$135,355,394
+4%
Liabilities
2023
2024
Change
Payables & Accruals
$1,754,433
$1,585,403
-10%
Grants Payable
-
-
-
Deferred Revenue
$400,000
$300,000
-25%
Tax-Exempt Bond Liabilities
$23,570,000
$22,105,000
-6%
Custodial & Escrow Liabilities
$361,687
$382,648
+6%
Notes Payable / Debt (Non-Related)
$973,533
$815,134
-16%
Related-Party Payables
-
-
-
Other Liabilities
$3,042,183
$2,548,252
-16%
Total Liabilities
$30,101,836
$27,736,437
-8%
Net assets
2023
2024
Change
Restricted Net Assets
$46,315,377
$53,313,437
+15%
Unrestricted Net Assets
$53,625,254
$54,305,520
+1%
Net assets
2023
2024
Change
Net assets
+$99,940,631
+$107,618,957
+8%
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