MARYLAND INSTITUTE
Balance Sheet
Fiscal Year Start:
Jun 1
Assets in 2024 (Year End)
$321,267,295
Property, Plant, & Equipment (net)
49%
Investments
39%
Cash & Equivalents
6%
Receivables (Non-Related)
3%
Other Assets
2%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$95,568,576
Tax-Exempt Bond Liabilities
86%
Payables & Accruals
11%
Deferred Revenue
3%
Other Liabilities
<1%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$25,678,360
$19,961,538
-22%
Receivables (Non-Related)
$10,418,269
$9,023,384
-13%
Related-Party Receivables
-
-
-
Inventories
$361,079
$337,351
-7%
Prepaid Expenses
$1,556,220
$2,345,504
+51%
Investments
$114,576,073
$126,616,133
+11%
Property, Plant, & Equipment (net)
$161,410,069
$156,355,215
-3%
Other Assets
$5,808,608
$6,628,170
+14%
Total Assets
$319,808,678
$321,267,295
+0%
Liabilities
2023
2024
Change
Payables & Accruals
$11,371,613
$10,463,560
-8%
Grants Payable
-
-
-
Deferred Revenue
$3,719,193
$2,827,260
-24%
Tax-Exempt Bond Liabilities
$83,755,910
$81,795,975
-2%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$664,655
$481,781
-28%
Total Liabilities
$99,511,371
$95,568,576
-4%
Net assets
2023
2024
Change
Restricted Net Assets
$92,870,362
$103,031,699
+11%
Unrestricted Net Assets
$127,426,945
$122,667,020
-4%
Net assets
2023
2024
Change
Net assets
+$220,297,307
+$225,698,719
+2%
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