ASBURY THEOLOGICAL SEMINARY
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$363,833,537
Investments
70%
Property, Plant, & Equipment (net)
22%
Cash & Equivalents
6%
Receivables (Non-Related)
1%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$4,396,397
Other Liabilities
77%
Payables & Accruals
19%
Deferred Revenue
4%
Grants Payable
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
$55,407,704
$23,502,432
-58%
Receivables (Non-Related)
$5,431,108
$5,082,769
-6%
Related-Party Receivables
$0
$0
-
Inventories
$167,275
$162,617
-3%
Prepaid Expenses
$302,122
$506,416
+68%
Investments
$216,901,337
$254,138,317
+17%
Property, Plant, & Equipment (net)
$81,093,761
$80,440,986
-1%
Other Assets
$0
$0
-
Total Assets
$359,303,307
$363,833,537
+1%
Liabilities
2023
2024
Change
Payables & Accruals
$589,963
$856,655
+45%
Grants Payable
$0
$0
-
Deferred Revenue
$217,680
$163,755
-25%
Tax-Exempt Bond Liabilities
$0
$0
-
Custodial & Escrow Liabilities
$0
$0
-
Notes Payable / Debt (Non-Related)
$0
$0
-
Related-Party Payables
$0
$0
-
Other Liabilities
$3,561,350
$3,375,987
-5%
Total Liabilities
$4,368,993
$4,396,397
+1%
Net assets
2023
2024
Change
Restricted Net Assets
$254,794,238
$257,413,536
+1%
Unrestricted Net Assets
$100,140,076
$102,023,604
+2%
Net assets
2023
2024
Change
Net assets
+$354,934,314
+$359,437,140
+1%
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