PALMER COLLEGE FOUNDATION
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$320,084,450
Property, Plant, & Equipment (net)
50%
Investments
26%
Cash & Equivalents
20%
Other Assets
2%
Receivables (Non-Related)
1%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$59,645,107
Tax-Exempt Bond Liabilities
56%
Notes Payable / Debt (Non-Related)
24%
Payables & Accruals
15%
Deferred Revenue
4%
Other Liabilities
1%
Grants Payable
<1%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$15,155,433
$63,455,057
+319%
Receivables (Non-Related)
$3,820,086
$3,227,688
-16%
Related-Party Receivables
-
-
-
Inventories
$719,857
$691,233
-4%
Prepaid Expenses
$976,285
$1,386,154
+42%
Investments
$110,266,899
$83,358,706
-24%
Property, Plant, & Equipment (net)
$159,811,441
$160,660,094
+1%
Other Assets
$6,998,897
$7,305,518
+4%
Total Assets
$297,748,898
$320,084,450
+8%
Liabilities
2023
2024
Change
Payables & Accruals
$7,156,164
$8,956,818
+25%
Grants Payable
$841,777
$305,039
-64%
Deferred Revenue
$1,931,712
$2,106,733
+9%
Tax-Exempt Bond Liabilities
$34,891,978
$33,170,536
-5%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$14,337,763
$14,321,411
0%
Related-Party Payables
-
-
-
Other Liabilities
$842,415
$784,570
-7%
Total Liabilities
$60,001,809
$59,645,107
-1%
Net assets
2023
2024
Change
Restricted Net Assets
$54,686,758
$58,193,088
+6%
Unrestricted Net Assets
$183,060,331
$202,246,255
+10%
Net assets
2023
2024
Change
Net assets
+$237,747,089
+$260,439,343
+10%
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