STERLING COLLEGE
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$43,889,352
Investments
40%
Property, Plant, & Equipment (net)
33%
Receivables (Non-Related)
23%
Other Assets
2%
Cash & Equivalents
1%
Inventories
<1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$12,548,260
Other Liabilities
44%
Tax-Exempt Bond Liabilities
36%
Payables & Accruals
19%
Deferred Revenue
2%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$171,048
$634,363
+271%
Receivables (Non-Related)
$10,940,755
$10,298,149
-6%
Related-Party Receivables
-
-
-
Inventories
$142,564
$111,954
-21%
Prepaid Expenses
$3,440
$3,591
+4%
Investments
$16,167,839
$17,546,802
+9%
Property, Plant, & Equipment (net)
$15,309,207
$14,541,357
-5%
Other Assets
$2,478,556
$753,136
-70%
Total Assets
$45,213,409
$43,889,352
-3%
Liabilities
2023
2024
Change
Payables & Accruals
$1,658,043
$2,345,245
+41%
Grants Payable
-
-
-
Deferred Revenue
$224,240
$203,710
-9%
Tax-Exempt Bond Liabilities
$3,606,887
$4,509,529
+25%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$6,385,840
$5,489,776
-14%
Total Liabilities
$11,875,010
$12,548,260
+6%
Net assets
2023
2024
Change
Restricted Net Assets
$26,034,431
$26,893,103
+3%
Unrestricted Net Assets
$7,303,968
$4,447,989
-39%
Net assets
2023
2024
Change
Net assets
+$33,338,399
+$31,341,092
-6%
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