Covenant College
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$102,174,408
Property, Plant, & Equipment (net)
52%
Investments
46%
Cash & Equivalents
1%
Receivables (Non-Related)
<1%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$2,320,930
Payables & Accruals
72%
Custodial & Escrow Liabilities
13%
Deferred Revenue
12%
Other Liabilities
4%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$2,187,366
$1,466,483
-33%
Receivables (Non-Related)
$1,182,605
$954,110
-19%
Related-Party Receivables
$0
$0
-
Inventories
$75,645
$49,205
-35%
Prepaid Expenses
$520,094
$387,138
-26%
Investments
$41,252,293
$46,633,777
+13%
Property, Plant, & Equipment (net)
$54,486,109
$52,683,695
-3%
Other Assets
$0
$0
-
Total Assets
$99,704,112
$102,174,408
+2%
Liabilities
2023
2024
Change
Payables & Accruals
$1,817,570
$1,662,618
-9%
Grants Payable
-
-
-
Deferred Revenue
$289,937
$272,770
-6%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
$299,986
$295,563
-1%
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
$0
$0
-
Other Liabilities
$280,585
$89,979
-68%
Total Liabilities
$2,688,078
$2,320,930
-14%
Net assets
2023
2024
Change
Restricted Net Assets
$37,316,108
$43,505,949
+17%
Unrestricted Net Assets
$59,699,926
$56,347,529
-6%
Net assets
2023
2024
Change
Net assets
+$97,016,034
+$99,853,478
+3%
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