DAVIS & ELKINS COLLEGE
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$130,338,127
Investments
47%
Property, Plant, & Equipment (net)
37%
Other Assets
8%
Receivables (Non-Related)
6%
Cash & Equivalents
2%
Inventories
<1%
Related-Party Receivables
0%
Prepaid Expenses
0%
Liabilities in 2024 (Year End)
$4,621,180
Payables & Accruals
74%
Other Liabilities
11%
Deferred Revenue
9%
Notes Payable / Debt (Non-Related)
6%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$1,131,019
$2,850,594
+152%
Receivables (Non-Related)
$24,685,221
$8,278,424
-66%
Related-Party Receivables
-
-
-
Inventories
$80,227
$68,700
-14%
Prepaid Expenses
-
-
-
Investments
$54,099,980
$61,280,411
+13%
Property, Plant, & Equipment (net)
$34,844,238
$47,918,068
+38%
Other Assets
$9,698,125
$9,941,930
+3%
Total Assets
$124,538,810
$130,338,127
+5%
Liabilities
2023
2024
Change
Payables & Accruals
$2,535,905
$3,419,854
+35%
Grants Payable
-
-
-
Deferred Revenue
$410,454
$405,971
-1%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$695,159
$292,142
-58%
Related-Party Payables
-
-
-
Other Liabilities
$171,563
$503,213
+193%
Total Liabilities
$3,813,081
$4,621,180
+21%
Net assets
2023
2024
Change
Restricted Net Assets
$83,361,203
$93,439,872
+12%
Unrestricted Net Assets
$37,364,526
$32,277,075
-14%
Net assets
2023
2024
Change
Net assets
+$120,725,729
+$125,716,947
+4%
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