Spelman College
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$993,511,573
Investments
55%
Property, Plant, & Equipment (net)
24%
Receivables (Non-Related)
11%
Cash & Equivalents
10%
Other Assets
<1%
Related-Party Receivables
0%
Inventories
0%
Prepaid Expenses
0%
Liabilities in 2024 (Year End)
$65,693,878
Tax-Exempt Bond Liabilities
69%
Payables & Accruals
26%
Other Liabilities
3%
Deferred Revenue
1%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$127,841,957
$95,015,997
-26%
Receivables (Non-Related)
$38,170,782
$106,809,494
+180%
Related-Party Receivables
$0
$0
-
Inventories
$0
$0
-
Prepaid Expenses
$0
$0
-
Investments
$513,974,014
$549,276,684
+7%
Property, Plant, & Equipment (net)
$187,916,335
$239,536,414
+27%
Other Assets
$3,023,433
$2,872,984
-5%
Total Assets
$870,926,521
$993,511,573
+14%
Liabilities
2023
2024
Change
Payables & Accruals
$18,321,249
$17,338,713
-5%
Grants Payable
$0
$0
-
Deferred Revenue
$1,088,854
$891,692
-18%
Tax-Exempt Bond Liabilities
$50,732,747
$45,364,028
-11%
Custodial & Escrow Liabilities
$0
$0
-
Notes Payable / Debt (Non-Related)
$0
$0
-
Related-Party Payables
$0
$0
-
Other Liabilities
$1,901,019
$2,099,445
+10%
Total Liabilities
$72,043,869
$65,693,878
-9%
Net assets
2023
2024
Change
Restricted Net Assets
$585,042,246
$693,530,202
+19%
Unrestricted Net Assets
$213,840,406
$234,287,493
+10%
Net assets
2023
2024
Change
Net assets
+$798,882,652
+$927,817,695
+16%
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