FERRUM COLLEGE
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$124,498,875
Property, Plant, & Equipment (net)
42%
Investments
37%
Other Assets
11%
Cash & Equivalents
7%
Receivables (Non-Related)
2%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$25,229,066
Notes Payable / Debt (Non-Related)
68%
Tax-Exempt Bond Liabilities
21%
Payables & Accruals
4%
Deferred Revenue
4%
Other Liabilities
2%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$10,016,770
$8,497,764
-15%
Receivables (Non-Related)
$5,112,642
$2,453,475
-52%
Related-Party Receivables
-
-
-
Inventories
$509,660
$504,620
-1%
Prepaid Expenses
$666,982
$957,096
+43%
Investments
$44,093,515
$45,756,968
+4%
Property, Plant, & Equipment (net)
$52,478,530
$52,019,759
-1%
Other Assets
$13,479,446
$14,309,193
+6%
Total Assets
$126,357,545
$124,498,875
-1%
Liabilities
2023
2024
Change
Payables & Accruals
$2,930,644
$1,109,756
-62%
Grants Payable
-
-
-
Deferred Revenue
$746,109
$918,992
+23%
Tax-Exempt Bond Liabilities
$6,024,367
$5,400,276
-10%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$17,806,980
$17,171,408
-4%
Related-Party Payables
-
-
-
Other Liabilities
$644,378
$628,634
-2%
Total Liabilities
$28,152,478
$25,229,066
-10%
Net assets
2023
2024
Change
Restricted Net Assets
$54,232,354
$56,665,561
+4%
Unrestricted Net Assets
$43,972,713
$42,604,248
-3%
Net assets
2023
2024
Change
Net assets
+$98,205,067
+$99,269,809
+1%
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