SAVANNAH COLLEGE OF ART AND DESIGN INC
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$2,088,314,309
Property, Plant, & Equipment (net)
54%
Investments
33%
Cash & Equivalents
9%
Other Assets
3%
Receivables (Non-Related)
<1%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$282,686,280
Tax-Exempt Bond Liabilities
61%
Payables & Accruals
20%
Deferred Revenue
13%
Notes Payable / Debt (Non-Related)
4%
Other Liabilities
2%
Grants Payable
<1%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$242,577,506
$188,986,007
-22%
Receivables (Non-Related)
$14,786,301
$14,873,512
+1%
Related-Party Receivables
-
-
-
Inventories
$1,325,754
$1,864,555
+41%
Prepaid Expenses
$10,623,946
$13,256,729
+25%
Investments
$472,141,010
$689,479,659
+46%
Property, Plant, & Equipment (net)
$1,058,292,848
$1,126,053,833
+6%
Other Assets
$50,957,707
$53,800,014
+6%
Total Assets
$1,850,705,072
$2,088,314,309
+13%
Liabilities
2023
2024
Change
Payables & Accruals
$68,685,623
$55,619,817
-19%
Grants Payable
$85,081
$85,081
+0%
Deferred Revenue
$33,466,520
$36,001,325
+8%
Tax-Exempt Bond Liabilities
$179,612,653
$173,120,343
-4%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$11,931,635
$11,531,616
-3%
Related-Party Payables
-
-
-
Other Liabilities
$5,330,701
$6,328,098
+19%
Total Liabilities
$299,112,213
$282,686,280
-5%
Net assets
2023
2024
Change
Restricted Net Assets
$29,915,226
$30,309,464
+1%
Unrestricted Net Assets
$1,521,677,633
$1,775,318,565
+17%
Net assets
2023
2024
Change
Net assets
+$1,551,592,859
+$1,805,628,029
+16%
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