Assets & Liabilities

ASSETS 20262025
Cash and Cash Equivalents $11,316,910$8,167,786
Accounts Receivable, net 826,082776,830
Prepayments and Other Assets 1,610,9921,483,410
Restricted Cash 530,376892,477
Contributions Receivable, Net 20,65574,581
Student Loans, Net 6,881,6826,693,014
Investments 80,959,10069,804,055
Operating Lease Right-of-Use Assets 215,598632,959
Property, Plant, and Equipment, Net 9,973,6789,455,433
Total Assets$112,335,073 $97,980,545
LIABILITIES
Accounts Payable and Accrued Expenses $2,250,822$2,072,224
Deferred Revenue 2,688,3842,442,992
Loans Payable to Affiliate – –
Operating Payables Due to Affiliate – –
Operating Lease Liability 239,006703,183
Bonds Payable 1,610,0002,215,000
Refundable U.S. Government Grants 5,788,6595,887,073
Total Liabilities$12,576,871 $13,320,472
NET ASSETS
Without Donor Restrictions $83,136,306$69,611,027
With Donor Restrictions 16,621,89615,049,046
Total Net Assets $99,758,202$84,660,073
Total Liabilities and Net Assets $112,335,073 $97,980,545