Benedict College
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2023 (Year End)
$142,804,025
Property, Plant, & Equipment (net)
56%
Investments
20%
Cash & Equivalents
20%
Receivables (Non-Related)
3%
Prepaid Expenses
<1%
Other Assets
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2023 (Year End)
$38,951,451
Tax-Exempt Bond Liabilities
50%
Deferred Revenue
18%
Notes Payable / Debt (Non-Related)
16%
Payables & Accruals
11%
Other Liabilities
4%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2022
2023
Change
Cash & Equivalents
$31,801,085
$28,061,771
-12%
Receivables (Non-Related)
$6,390,258
$4,839,343
-24%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$1,131,580
$1,249,811
+10%
Investments
$26,276,105
$28,533,989
+9%
Property, Plant, & Equipment (net)
$73,547,906
$79,805,090
+9%
Other Assets
$602,773
$314,021
-48%
Total Assets
$139,749,707
$142,804,025
+2%
Liabilities
2022
2023
Change
Payables & Accruals
$4,124,942
$4,342,738
+5%
Grants Payable
-
-
-
Deferred Revenue
$9,370,217
$7,054,475
-25%
Tax-Exempt Bond Liabilities
$19,640,000
$19,640,000
+0%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$6,832,754
$6,161,593
-10%
Related-Party Payables
-
-
-
Other Liabilities
$1,400,843
$1,752,645
+25%
Total Liabilities
$41,368,756
$38,951,451
-6%
Net assets
2022
2023
Change
Restricted Net Assets
$21,987,550
$24,536,880
+12%
Unrestricted Net Assets
$76,393,401
$79,315,694
+4%
Net assets
2022
2023
Change
Net assets
+$98,380,951
+$103,852,574
+6%
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