BELMONT ABBEY COLLEGE INC
Balance Sheet
Fiscal Year Start:
Jun 1
Assets in 2024 (Year End)
$74,020,353
Property, Plant, & Equipment (net)
41%
Receivables (Non-Related)
25%
Investments
17%
Cash & Equivalents
8%
Other Assets
8%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$30,180,724
Notes Payable / Debt (Non-Related)
67%
Other Liabilities
20%
Payables & Accruals
9%
Deferred Revenue
4%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$2,680,957
$6,189,438
+131%
Receivables (Non-Related)
$8,053,963
$18,338,539
+128%
Related-Party Receivables
-
-
-
Inventories
$54,042
-
-
Prepaid Expenses
$587,684
$648,268
+10%
Investments
$10,004,679
$12,438,519
+24%
Property, Plant, & Equipment (net)
$22,735,748
$30,654,959
+35%
Other Assets
$5,662,817
$5,750,630
+2%
Total Assets
$49,779,890
$74,020,353
+49%
Liabilities
2023
2024
Change
Payables & Accruals
$2,651,308
$2,653,449
+0%
Grants Payable
-
-
-
Deferred Revenue
$1,099,408
$1,082,271
-2%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$18,131,177
$20,302,979
+12%
Related-Party Payables
-
-
-
Other Liabilities
$5,173,101
$6,142,025
+19%
Total Liabilities
$27,054,994
$30,180,724
+12%
Net assets
2023
2024
Change
Restricted Net Assets
$24,368,971
$49,382,262
+103%
Unrestricted Net Assets
-$1,644,075
-$5,542,633
-237%
Net assets
2023
2024
Change
Net assets
+$22,724,896
+$43,839,629
+93%
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