LOUISBURG COLLEGE
Balance Sheet
Fiscal Year Start:
Jun 1
Assets in 2024 (Year End)
$43,916,145
Property, Plant, & Equipment (net)
57%
Investments
34%
Cash & Equivalents
7%
Receivables (Non-Related)
2%
Inventories
<1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$18,136,128
Notes Payable / Debt (Non-Related)
94%
Payables & Accruals
4%
Deferred Revenue
2%
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
$2,862,343
$3,011,782
+5%
Receivables (Non-Related)
$954,810
$707,507
-26%
Related-Party Receivables
-
-
-
Inventories
$329,582
$344,247
+4%
Prepaid Expenses
$172,042
$110,795
-36%
Investments
$14,011,949
$14,913,556
+6%
Property, Plant, & Equipment (net)
$26,043,163
$24,828,258
-5%
Other Assets
-
-
-
Total Assets
$44,373,889
$43,916,145
-1%
Liabilities
2023
2024
Change
Payables & Accruals
$627,197
$667,462
+6%
Grants Payable
-
-
-
Deferred Revenue
$602,125
$355,713
-41%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$17,726,901
$17,000,387
-4%
Related-Party Payables
-
-
-
Other Liabilities
$173,365
$112,566
-35%
Total Liabilities
$19,129,588
$18,136,128
-5%
Net assets
2023
2024
Change
Restricted Net Assets
$14,854,616
$15,920,865
+7%
Unrestricted Net Assets
$10,389,685
$9,859,152
-5%
Net assets
2023
2024
Change
Net assets
+$25,244,301
+$25,780,017
+2%
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