COLLEGE SUMMIT INC
Balance Sheet
Fiscal Year Start:
May 1
Assets in 2024 (Year End)
$11,751,729
Cash & Equivalents
51%
Receivables (Non-Related)
36%
Other Assets
11%
Property, Plant, & Equipment (net)
2%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)
$2,103,577
Other Liabilities
80%
Payables & Accruals
9%
Notes Payable / Debt (Non-Related)
7%
Deferred Revenue
4%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$500,581
$5,944,831
+1088%
Receivables (Non-Related)
$5,936,060
$4,180,516
-30%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$36,744
$103,007
+180%
Investments
$7,009,626
-
-
Property, Plant, & Equipment (net)
$311,598
$261,804
-16%
Other Assets
$1,496,667
$1,261,571
-16%
Total Assets
$15,291,276
$11,751,729
-23%
Liabilities
2023
2024
Change
Payables & Accruals
$270,846
$184,667
-32%
Grants Payable
-
-
-
Deferred Revenue
-
$87,634
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$152,575
$148,758
-3%
Related-Party Payables
-
-
-
Other Liabilities
$2,044,248
$1,682,518
-18%
Total Liabilities
$2,467,669
$2,103,577
-15%
Net assets
2023
2024
Change
Restricted Net Assets
$5,674,012
$3,772,349
-34%
Unrestricted Net Assets
$7,149,595
$5,875,803
-18%
Net assets
2023
2024
Change
Net assets
+$12,823,607
+$9,648,152
-25%
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