audited financial statements
| Assets | Total 2024 | Total 2023 |
|---|---|---|
| Cash and cash equivalents | $3,694,715 | $2,464,866 |
| Funds held for deferred giving | $79,483 | $83,308 |
| Investments | $23,804,456 | $20,846,056 |
| Pledges receivable, net of allowance for uncollectible pledges of $102,970 and $105,000, respectively | $2,258,291 | $3,688,020 |
| Accrued interest on pledges receivable | $84,983 | $123,193 |
| Prepaid expenses and other assets | $98,044 | $75,144 |
| Fixed assets—net | $1,266 | $1,984 |
| Real estate held for sale | $85,000 | $85,000 |
| Total Assets | $30,106,238 | $27,367,571 |
| Liabilities | Total 2024 | Total 2023 |
|---|---|---|
| Due to College | $921,848 | $813,669 |
| Accounts payable | $72,182 | $7,521 |
| Deferred giving obligations | $32,713 | $33,757 |
| Deferred revenue | — | — |
| Grant contribution advances | $2,905,275 | $1,142,235 |
| Total Liabilities | $3,932,018 | $1,997,182 |
| Net Assets | Total 2024 | Total 2023 |
|---|---|---|
| Without donor restrictions | ($2,570,307) | ($1,669,034) |
| With donor restrictions | $28,744,527 | $27,039,423 |
| Total Net Assets (Deficit) | $26,174,220 | $25,370,389 |
| Total liabilities and net assets (deficit) | $30,106,238 | $27,367,571 |