LEES-MCRAE COLLEGE INC
Balance Sheet
Fiscal Year Start:
Jun 1
Assets in 2024 (Year End)
$123,229,175
Property, Plant, & Equipment (net)
61%
Investments
29%
Receivables (Non-Related)
4%
Cash & Equivalents
4%
Other Assets
2%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$50,783,011
Notes Payable / Debt (Non-Related)
84%
Payables & Accruals
14%
Deferred Revenue
1%
Other Liabilities
<1%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$4,398,293
$4,398,938
+0%
Receivables (Non-Related)
$9,181,668
$5,173,188
-44%
Related-Party Receivables
-
-
-
Inventories
$13,221
$12,130
-8%
Prepaid Expenses
$2,406
$13,266
+451%
Investments
$30,038,365
$35,156,876
+17%
Property, Plant, & Equipment (net)
$53,773,103
$75,670,306
+41%
Other Assets
$2,543,481
$2,804,471
+10%
Total Assets
$99,950,537
$123,229,175
+23%
Liabilities
2023
2024
Change
Payables & Accruals
$7,586,861
$7,222,853
-5%
Grants Payable
-
-
-
Deferred Revenue
$532,759
$725,739
+36%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$22,467,332
$42,621,266
+90%
Related-Party Payables
-
-
-
Other Liabilities
$195,639
$213,153
+9%
Total Liabilities
$30,782,591
$50,783,011
+65%
Net assets
2023
2024
Change
Restricted Net Assets
$35,792,585
$39,287,302
+10%
Unrestricted Net Assets
$33,375,361
$33,158,862
-1%
Net assets
2023
2024
Change
Net assets
+$69,167,946
+$72,446,164
+5%
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