Morris Brown College
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$12,420,838
Cash & Equivalents
40%
Property, Plant, & Equipment (net)
34%
Receivables (Non-Related)
13%
Investments
9%
Prepaid Expenses
4%
Other Assets
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$963,832
Other Liabilities
61%
Payables & Accruals
39%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$3,021,517
$4,976,055
+65%
Receivables (Non-Related)
$252,384
$1,562,881
+519%
Related-Party Receivables
$0
$0
-
Inventories
-
-
-
Prepaid Expenses
$135,374
$494,536
+265%
Investments
$643,396
$1,103,499
+72%
Property, Plant, & Equipment (net)
$3,081,482
$4,191,217
+36%
Other Assets
$92,650
$92,650
+0%
Total Assets
$7,226,803
$12,420,838
+72%
Liabilities
2023
2024
Change
Payables & Accruals
$188,150
$375,092
+99%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
$0
$0
-
Other Liabilities
$564,468
$588,740
+4%
Total Liabilities
$752,618
$963,832
+28%
Net assets
2023
2024
Change
Restricted Net Assets
$867,598
$2,942,523
+239%
Unrestricted Net Assets
$5,606,587
$8,514,483
+52%
Net assets
2023
2024
Change
Net assets
+$6,474,185
+$11,457,006
+77%
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