CONSOLIDATED STATEMENT OF FINANCIAL POSITION
June 30, 2024 and 2023
(Dollars
in thousands)
ASSETS 2024 2023
Cash and cash equivalents $ 2,718 $ 3,696
Investments 81,159 76,429
Receivables - Net
Student and other
Pledges
46
213
114
382
Fair value of swap agreements 1,565 1,503
Prepaid expenses, deposits and other assets 2,327 2,260
Property and equipment - Net 69,612 69,822
TOTAL ASSETS $ 157,640 $ 154,206
LIABILITIES
Accounts payable and other accrued expenses $ 1,657 $ 2,709
Deferred income 3,346 2,862
Accrued compensation and benefits 4,125 5,543
Long-term debt 30,785 32,071
TOTAL LIABILITIES $ 39,913 $ 43,185
NET ASSETS
Without donor restriction
Undesignated
Board-designated endowments
$ 41,873
15,856
$ 42,386
11,877
With donor restriction 59,998 56,758
TOTAL NET ASSETS $ 117,727 $ 111,021
TOTAL LIABILITIES & NET ASSETS $ 157,640 $ 154,206
Consolidated financials include all Latin School of Chicago and other entities associated with real estate holdings.
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