Philander Smith College
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2023 (Year End)
$67,926,013
Property, Plant, & Equipment (net)
59%
Investments
15%
Cash & Equivalents
12%
Other Assets
8%
Receivables (Non-Related)
5%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2023 (Year End)
$12,631,106
Payables & Accruals
36%
Notes Payable / Debt (Non-Related)
34%
Other Liabilities
25%
Deferred Revenue
6%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2022
2023
Change
Cash & Equivalents
$7,413,840
$8,435,305
+14%
Receivables (Non-Related)
$3,084,975
$3,470,566
+12%
Related-Party Receivables
-
-
-
Inventories
$8,911
-
-
Prepaid Expenses
$274,561
$288,397
+5%
Investments
$12,162,413
$10,196,257
-16%
Property, Plant, & Equipment (net)
$39,836,103
$39,872,034
+0%
Other Assets
$2,560,837
$5,663,454
+121%
Total Assets
$65,341,640
$67,926,013
+4%
Liabilities
2022
2023
Change
Payables & Accruals
$1,839,077
$4,490,667
+144%
Grants Payable
-
-
-
Deferred Revenue
$412,137
$783,739
+90%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$4,444,059
$4,250,390
-4%
Related-Party Payables
-
-
-
Other Liabilities
$621,436
$3,106,310
+400%
Total Liabilities
$7,316,709
$12,631,106
+73%
Net assets
2022
2023
Change
Restricted Net Assets
$17,096,659
$17,547,320
+3%
Unrestricted Net Assets
$40,928,272
$37,747,587
-8%
Net assets
2022
2023
Change
Net assets
+$58,024,931
+$55,294,907
-5%
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