DELAWARE COLLEGE OF ART AND DESIGN
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$5,695,247
Property, Plant, & Equipment (net)
61%
Cash & Equivalents
38%
Receivables (Non-Related)
<1%
Related-Party Receivables
0%
Inventories
0%
Prepaid Expenses
0%
Investments
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$5,182,519
Notes Payable / Debt (Non-Related)
46%
Payables & Accruals
45%
Other Liabilities
9%
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
$1,818,390
$2,191,685
+21%
Receivables (Non-Related)
$87,186
$1,900
-98%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$24,079
-
-
Investments
$997,761
$0
-100%
Property, Plant, & Equipment (net)
$5,294,716
$3,501,662
-34%
Other Assets
$2,656,277
$0
-100%
Total Assets
$10,878,409
$5,695,247
-48%
Liabilities
2023
2024
Change
Payables & Accruals
$192,846
$2,341,568
+1114%
Grants Payable
-
-
-
Deferred Revenue
$27,000
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$2,426,169
$2,389,640
-2%
Related-Party Payables
-
-
-
Other Liabilities
$2,659,459
$451,311
-83%
Total Liabilities
$5,305,474
$5,182,519
-2%
Net assets
2023
2024
Change
Restricted Net Assets
$1,491,180
$400,000
-73%
Unrestricted Net Assets
$4,081,755
$112,728
-97%
Net assets
2023
2024
Change
Net assets
+$5,572,935
+$512,728
-91%
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