Assets
|
|
|
Current assets
|
2016
|
2015
|
| Cash and Cash Equivalents |
$6,893,726 |
$7,684,384 |
| Other Current Assets |
171,706 |
349,081 |
|
| Total Current Assets |
$7,065,432 |
$8,033,465 |
Other assets
|
1,660,689 |
1,667,221 |
| Investments |
89,882,718 |
92,608,358 |
| Student Notes Receivable, Net |
2,782,721 |
2,810,881 |
| Land, Buildings and Equipment, Net |
12,069,286 |
12,519,933 |
|
| Total Other Assets |
$106,395,414 |
$109,606,393 |
| Total Assets |
$113,460,846 |
$117,639,858 |
Liabilities and Net Assets
|
Current liabilities
|
| Other Current Liabilities |
$2,487,381 |
$2,785,574 |
| Notes Payable & Line of Credit, Current Portion |
308,869 |
250,862 |
|
| Total Current Liabilities |
$2,796,250 |
$3,036,436 |
Long-term liabilities
|
| Other Long Term Liabilities |
7,891,010 |
7,102,234 |
| Notes Payable, Net of Current Portion |
5,154,408 |
5,263,277 |
|
| Total Long-Term Liabilities |
$13,045,418 |
$12,365,511 |
| Total Liabilities |
$15,841,668 |
$15,401,947 |
Net assets
|
| Unrestricted |
1,460,867 |
2,967,633 |
| Temporarily Restricted |
14,163,218 |
18,872,783 |
| Permanently Restricted |
81,995,093 |
80,397,495 |
|
| Total Net Assets |
$97,619,178 |
$102,237,911 |
| Total Liabilities and Net Assets |
$113,460,846 |
$117,639,858 |