INSTITUTE FOR SHIPBOARD EDUCATION
Balance Sheet
Fiscal Year Start:
Jun 1
Assets in 2024 (Year End)
$55,953,158
Investments
63%
Other Assets
19%
Cash & Equivalents
9%
Receivables (Non-Related)
5%
Property, Plant, & Equipment (net)
2%
Prepaid Expenses
2%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$21,633,128
Other Liabilities
66%
Deferred Revenue
18%
Notes Payable / Debt (Non-Related)
10%
Payables & Accruals
6%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$8,171,701
$5,254,810
-36%
Receivables (Non-Related)
$2,447,333
$2,963,591
+21%
Related-Party Receivables
-
-
-
Inventories
$126,202
$119,281
-5%
Prepaid Expenses
$1,796,812
$951,892
-47%
Investments
$30,894,700
$35,038,951
+13%
Property, Plant, & Equipment (net)
$1,163,745
$958,673
-18%
Other Assets
$13,356,428
$10,665,960
-20%
Total Assets
$57,956,921
$55,953,158
-3%
Liabilities
2023
2024
Change
Payables & Accruals
$2,441,302
$1,366,251
-44%
Grants Payable
-
-
-
Deferred Revenue
$5,246,623
$3,930,980
-25%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$2,000,000
$2,131,764
+7%
Related-Party Payables
-
-
-
Other Liabilities
$17,096,391
$14,204,133
-17%
Total Liabilities
$26,784,316
$21,633,128
-19%
Net assets
2023
2024
Change
Restricted Net Assets
$17,727,646
$19,708,823
+11%
Unrestricted Net Assets
$13,444,959
$14,611,207
+9%
Net assets
2023
2024
Change
Net assets
+$31,172,605
+$34,320,030
+10%
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