MOREHOUSE COLLEGE
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$532,754,787
Investments
49%
Property, Plant, & Equipment (net)
32%
Cash & Equivalents
15%
Receivables (Non-Related)
3%
Prepaid Expenses
<1%
Other Assets
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$24,315,150
Payables & Accruals
61%
Other Liabilities
23%
Tax-Exempt Bond Liabilities
13%
Deferred Revenue
3%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$50,984,433
$79,752,116
+56%
Receivables (Non-Related)
$13,902,572
$18,483,039
+33%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$907,874
$2,277,901
+151%
Investments
$252,216,589
$261,540,053
+4%
Property, Plant, & Equipment (net)
$168,941,161
$170,127,754
+1%
Other Assets
$823,468
$573,924
-30%
Total Assets
$487,776,097
$532,754,787
+9%
Liabilities
2023
2024
Change
Payables & Accruals
$11,108,185
$14,858,168
+34%
Grants Payable
-
-
-
Deferred Revenue
$181,366
$742,149
+309%
Tax-Exempt Bond Liabilities
$473,037
$3,141,497
+564%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$5,000,000
-
-
Related-Party Payables
-
-
-
Other Liabilities
$3,187,421
$5,573,336
+75%
Total Liabilities
$19,950,009
$24,315,150
+22%
Net assets
2023
2024
Change
Restricted Net Assets
$287,492,033
$331,861,125
+15%
Unrestricted Net Assets
$180,334,055
$176,578,512
-2%
Net assets
2023
2024
Change
Net assets
+$467,826,088
+$508,439,637
+9%
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