SUMMIT CHRISTIAN COLLEGE
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$978,331
Property, Plant, & Equipment (net)
47%
Other Assets
31%
Investments
15%
Cash & Equivalents
5%
Receivables (Non-Related)
1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$142,761
Notes Payable / Debt (Non-Related)
76%
Payables & Accruals
21%
Other Liabilities
3%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$41,971
$46,312
+10%
Receivables (Non-Related)
$9,874
$13,318
+35%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$5,327
$5,427
+2%
Investments
$120,134
$147,855
+23%
Property, Plant, & Equipment (net)
$483,872
$464,042
-4%
Other Assets
$301,377
$301,377
+0%
Total Assets
$962,555
$978,331
+2%
Liabilities
2023
2024
Change
Payables & Accruals
$26,714
$30,218
+13%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$118,358
$108,405
-8%
Related-Party Payables
-
-
-
Other Liabilities
$5,138
$4,138
-19%
Total Liabilities
$150,210
$142,761
-5%
Net assets
2023
2024
Change
Restricted Net Assets
$125,588
$131,044
+4%
Unrestricted Net Assets
$686,757
$704,526
+3%
Net assets
2023
2024
Change
Net assets
+$812,345
+$835,570
+3%
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