MEREDITH COLLEGE
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$219,986,295
Investments
62%
Property, Plant, & Equipment (net)
27%
Cash & Equivalents
7%
Receivables (Non-Related)
3%
Other Assets
<1%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$56,486,135
Tax-Exempt Bond Liabilities
69%
Other Liabilities
18%
Payables & Accruals
7%
Notes Payable / Debt (Non-Related)
4%
Deferred Revenue
1%
Custodial & Escrow Liabilities
<1%
Grants Payable
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$17,735,724
$16,185,148
-9%
Receivables (Non-Related)
$5,637,666
$6,338,450
+12%
Related-Party Receivables
-
-
-
Inventories
$161,189
$162,909
+1%
Prepaid Expenses
$386,497
$399,815
+3%
Investments
$129,292,263
$137,188,114
+6%
Property, Plant, & Equipment (net)
$59,390,016
$58,694,725
-1%
Other Assets
$412,957
$1,017,134
+146%
Total Assets
$213,016,312
$219,986,295
+3%
Liabilities
2023
2024
Change
Payables & Accruals
$3,646,203
$4,059,166
+11%
Grants Payable
-
-
-
Deferred Revenue
$943,667
$777,459
-18%
Tax-Exempt Bond Liabilities
$40,559,674
$38,710,691
-5%
Custodial & Escrow Liabilities
$163,845
$65,083
-60%
Notes Payable / Debt (Non-Related)
$2,625,000
$2,525,000
-4%
Related-Party Payables
-
-
-
Other Liabilities
$10,339,376
$10,348,736
+0%
Total Liabilities
$58,277,765
$56,486,135
-3%
Net assets
2023
2024
Change
Restricted Net Assets
$130,158,399
$140,570,791
+8%
Unrestricted Net Assets
$24,580,148
$22,929,369
-7%
Net assets
2023
2024
Change
Net assets
+$154,738,547
+$163,500,160
+6%
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