Tougaloo College
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$118,428,760
Property, Plant, & Equipment (net)
45%
Investments
44%
Cash & Equivalents
8%
Receivables (Non-Related)
2%
Prepaid Expenses
<1%
Other Assets
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$7,520,709
Notes Payable / Debt (Non-Related)
68%
Payables & Accruals
29%
Other Liabilities
3%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$13,552,070
$9,994,550
-26%
Receivables (Non-Related)
$1,464,297
$1,891,597
+29%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$583,179
$542,332
-7%
Investments
$48,526,092
$52,607,014
+8%
Property, Plant, & Equipment (net)
$54,890,818
$53,174,777
-3%
Other Assets
$320,638
$218,490
-32%
Total Assets
$119,337,094
$118,428,760
-1%
Liabilities
2023
2024
Change
Payables & Accruals
$1,420,780
$2,152,223
+51%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$5,491,966
$5,149,880
-6%
Related-Party Payables
-
-
-
Other Liabilities
$312,478
$218,606
-30%
Total Liabilities
$7,225,224
$7,520,709
+4%
Net assets
2023
2024
Change
Restricted Net Assets
$36,314,546
$35,768,969
-2%
Unrestricted Net Assets
$75,797,324
$75,139,082
-1%
Net assets
2023
2024
Change
Net assets
+$112,111,870
+$110,908,051
-1%
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