ART CENTER COLLEGE OF DESIGN
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$404,453,575
Property, Plant, & Equipment (net)
47%
Investments
46%
Cash & Equivalents
5%
Receivables (Non-Related)
2%
Prepaid Expenses
<1%
Other Assets
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$168,326,350
Tax-Exempt Bond Liabilities
84%
Payables & Accruals
9%
Deferred Revenue
7%
Other Liabilities
<1%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$40,072,193
$18,555,912
-54%
Receivables (Non-Related)
$7,517,217
$6,722,926
-11%
Related-Party Receivables
$230,000
-
-
Inventories
$137,090
$154,622
+13%
Prepaid Expenses
$2,001,669
$2,082,233
+4%
Investments
$171,474,845
$186,059,417
+9%
Property, Plant, & Equipment (net)
$169,264,259
$188,953,826
+12%
Other Assets
$1,899,345
$1,924,639
+1%
Total Assets
$392,596,618
$404,453,575
+3%
Liabilities
2023
2024
Change
Payables & Accruals
$13,530,143
$15,020,857
+11%
Grants Payable
-
-
-
Deferred Revenue
$12,077,726
$12,470,878
+3%
Tax-Exempt Bond Liabilities
$144,029,659
$140,723,353
-2%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$117,296
$111,262
-5%
Total Liabilities
$169,754,824
$168,326,350
-1%
Net assets
2023
2024
Change
Restricted Net Assets
$100,547,081
$108,355,666
+8%
Unrestricted Net Assets
$122,294,713
$127,771,559
+4%
Net assets
2023
2024
Change
Net assets
+$222,841,794
+$236,127,225
+6%
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