RINGLING COLLEGE OF ART AND DESIGN INC
Balance Sheet
Fiscal Year Start:
Jun 1
Assets in 2024 (Year End)
$417,114,911
Property, Plant, & Equipment (net)
70%
Investments
17%
Cash & Equivalents
7%
Receivables (Non-Related)
4%
Other Assets
2%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$169,034,639
Tax-Exempt Bond Liabilities
90%
Payables & Accruals
6%
Notes Payable / Debt (Non-Related)
2%
Deferred Revenue
1%
Other Liabilities
<1%
Custodial & Escrow Liabilities
<1%
Grants Payable
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$29,465,446
$28,112,882
-5%
Receivables (Non-Related)
$14,121,967
$14,841,051
+5%
Related-Party Receivables
-
-
-
Inventories
$140,776
$160,465
+14%
Prepaid Expenses
$3,654,142
$3,777,964
+3%
Investments
$60,563,123
$72,587,709
+20%
Property, Plant, & Equipment (net)
$289,145,220
$291,254,169
+1%
Other Assets
$6,323,650
$6,380,671
+1%
Total Assets
$403,414,324
$417,114,911
+3%
Liabilities
2023
2024
Change
Payables & Accruals
$11,625,167
$9,384,182
-19%
Grants Payable
-
-
-
Deferred Revenue
$2,063,179
$1,895,342
-8%
Tax-Exempt Bond Liabilities
$156,061,579
$152,222,765
-2%
Custodial & Escrow Liabilities
$16,992
$14,307
-16%
Notes Payable / Debt (Non-Related)
$4,186,643
$3,895,944
-7%
Related-Party Payables
-
-
-
Other Liabilities
$1,633,623
$1,622,099
-1%
Total Liabilities
$175,587,183
$169,034,639
-4%
Net assets
2023
2024
Change
Restricted Net Assets
$64,768,283
$74,482,403
+15%
Unrestricted Net Assets
$163,058,858
$173,597,869
+6%
Net assets
2023
2024
Change
Net assets
+$227,827,141
+$248,080,272
+9%
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